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Financial Analysis of Ecovacs Based on the Harvard Analysis Framework

Yuxia Xin, Rui Wang


As a leader in the robotic vacuum cleaner industry, Ecovacs has been deeply involved in the field since its establishment in 1998. This paper is based on Ecovacs' financial statements from 2019 to 2022 and conducts a comprehensive analysis of Ecovacs from the perspectives of strategy, accounting,finance,and prospects based on the Harvard framework. It identifies current issues and provides suggestions,aiming to provide more possibilities and reference value for Ecovacs' future development direction.


Harvard Analysis Framework; Financial Analysis; Ecovacs

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DOI: http://dx.doi.org/10.18686/fm.v8i5.10343