Listed small home appliance company with billions of revenue enters the pool robot race

From the perspective of market space, the market size of swimming pool cleaning robots reached 1.612 billion US dollars in 2021, and the global number of swimming pools reached 28.8828 million. Among them, the compound annual growth rate of private swimming pools is expected to be 7.57% from 2021 to 2026. It is expected that by 2023, the global market size of swimming pool cleaning robots will reach 2.286 billion US dollars, with a compound annual growth rate of nearly 20%.

The majority of the market share is held by foreign Maytronics、Fluidra、BWT、Hayward， Domestic manufacturers are actively exploring and participating in this track, and many domestic enterprises are experiencing rapid growth in market share. For example, manufacturers such as Yuanding Intelligent, Tianjin Wangyuan, and Xingmai Innovation Beatbot have shown excellent sales performance in their products.

And now, a listed small home appliance company with a revenue of billions has entered the market, Guangdong Xinbao Electrical Appliances Holdings.

In April 2024, Xinbao showcased its swimming pool cleaning robot at the Canton Fair, which is the industry's first intelligent underwater cleaning robot that can be connected in real-time through an app. Users can wirelessly connect to the mobile app and control the cleaning robot in real-time for multi-mode comprehensive cleaning, efficiently and conveniently cleaning the water lines, walls, floors, etc. of the pool, providing consumers with a more energy-efficient, environmentally friendly, intelligent and convenient living experience.

Wireless design: This swimming pool cleaning robot adopts wireless design, which eliminates the limitation of wire length. Users can control and operate this product through a dedicated mobile app.
Working hours: When fully charged, this robot can work continuously for 3-3.5 hours.
Deep diving capability: This robot can dive up to 4 meters deep.
Cleaning efficiency: It can clean a 350 square meter swimming pool in 3.5 hours.

Xinbao was established in 1995. An A-share listed firm (stock code: 002705), Xinbao Holdings specializes in the development, design, manufacturing and sale of kitchen appliances, home care appliances, electronic baby products, refrigeration appliances, electronic personal care products and other small home appliances. Xinbao is headquartered in Shunde, Guangdong. The firm has over 30 subsidiary product companies and over 30,000 employees, of which 2,800 form the R&D team. The firm's revenue exceeded RMB 14.6 billion in 2023. Mainly engaged in kitchen appliances and home appliances.