The Zhitong Finance App learned that on April 25, according to UL Solutions, the G20S vacuum cleaner under Stone Technology (688169.SH) became the world's first Matter-certified vacuum cleaner.
As a world-renowned third-party testing and certification agency, UL Solutions's Dongguan Songshan Lake IoT Laboratory is one of the world's first Matter Certification Laboratories (ATL) authorized by the CSA Connectivity Standards Alliance, and is also the only domestic laboratory with both Matter and Thread testing qualifications.
According to information, since the release of the Matter standard in October 2022, it has quickly become a key agreement in the smart home field. Stone Technology's G20S became the first Matter-certified sweeper robot, which means that the product can seamlessly connect with Apple, Amazon, Google and other mainstream smart ecosystems around the world, enable cross-platform, cross-cloud, and cross-protocol interconnection of products, achieve a wider range of device connections and applications, and a very convenient user experience.
Chang Jing, founder of Stone Technology, once told the media, “The industry is undergoing a major transformation. Customers are not only looking for products with good cleaning results, but also products that are easy to use, interact intelligently, and integrate seamlessly with smart homes. We now have more connectivity options than ever before, and this is one of the features our customers need most.”
Obviously, the Matter Protocol, as the new standard for smart home device interconnection, is a better connectivity option provided by Stone Technology to consumers. According to public information, Matter ensures efficient compatibility between different devices and platforms by using existing IP network technology such as Wi-Fi and Thread, which means that products certified by Matter will bring consumers a safer, more reliable, and seamless device usage experience.
The G20S sweeper robot is the latest flagship sweeping robot product launched by Stone Technology. It not only has functions such as a smart robot arm, four-zone double shock floor cleaning, and hot water washing mops, etc., to help this sweeping robot achieve efficient cleaning, but also seamlessly connects with other smart home devices to create an intelligent and convenient home life for consumers. Furthermore, by supporting the Matter protocol, the G20S vacuum cleaner can perform operations such as scheduling, automatic settings, and Siri voice control, bringing a new home cleaning experience. This not only represents the technological advancement of Stone Technology, but also shows its leading position in the industry.
Home appliance industry expert Lin Tao analyzed that Matter's main purpose is to simplify smart home settings, reduce market fragmentation, enhance safety, and improve efficient compatibility between smart home devices. Lin Tao said, “Since Matter is open source and supports a wide range of technical standards, this means that Stone Technology's Matter-certified products can be smoothly integrated into any smart home ecosystem that supports Matter without worrying about compatibility issues between different manufacturers and platforms. At the same time, development costs associated with device compatibility can also be reduced, and new products can be developed and launched more quickly. Furthermore, Matter-certified products can also make Stone Technology attract a wider user base, because users prefer to choose products that are compatible with their existing smart home systems, which is an important help for Stone Technology to expand its international market share and enhance brand influence.”
In 2023, Shitou Technology achieved revenue of 8.654 billion yuan, an increase of 30.55% over the previous year; net profit to mother was 2,051 billion yuan, an increase of 73.32% over the previous year. Looking at domestic and foreign markets, in 2023, the company achieved revenue of 4.411 billion yuan in the domestic market, an increase of 41.01% over the previous year; the overseas market achieved revenue of 4.229 billion yuan, an increase of 21.42% over the previous year.
Obviously, Stone Technology continues to accelerate in the process of globalization. While both domestic and overseas markets have achieved double-digit revenue growth, its brand influence is also further increasing. At the same time, in order to reach a wider range of consumers, Stone Technology has not only opened official brand stores on mainstream online platforms such as Amazon, HomeDepot, Target, BestBuy, and WalMart in the US. It also entered more than 180 offline physical retail stores Target in the US for the first time in 2023. It is expected that in 2024, Stone Technology will enter more than 1,000 Target stores.
Today, Stone Technology's products have entered more than 170 countries and regions around the world, and more than 15 million households, and the daily activity of the app exceeds one million. At the global press conference of Stone Technology at the end of March this year, Euromonitor International, the world's authoritative market research agency, released survey data showing that in 2023, Stone Technology's sweeping robot had the highest sales volume in the world.
It is easy to see that in a context where global technology is developing at a rapid pace, the Chinese smart home brand represented by Stone Technology is continuing to enhance its competitiveness in the fierce global market competition with its excellent product strength and innovation capabilities.