Tinkware Surpasses 400 Billion Won in Q3 Sales, Up 16% Year-on-Year
Operating Profit Reaches 13 Billion Won
Growth Driven by Increased Supply of Robotic Vacuums and BMW Products
Tinkware announced on the 14th that, on a consolidated basis, it recorded sales of 412.9 billion won and an operating profit of 13 billion won for the third quarter of this year.
The company explained that strong demand for new robotic vacuum cleaners (such as the Roborock S9) and increased supply volume for BMW were the main drivers of growth. In particular, various events such as Big Smile Day and Black Friday are scheduled for the fourth quarter, which is expected to sustain the growth in sales. To diversify its map platform sales channels, Tinkware is also intensively targeting overseas markets. Recently, the company signed a new supply contract for black boxes with Mercedes-Benz Korea and was selected as an official online partner for Xiaomi.
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Tinkware’s distribution of Roborock has expanded its domestic market share compared to the previous year, solidifying its position as the number one player in Korea. The company’s newly acquired responsibility for the online distribution of Xiaomi’s smartphones, tablets, monitors, and seasonal appliances is also seen as a potential driver for further growth in scale.
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