Ecovacs Robotics Co.,Ltd. recently announced that the first exercise condition for stock options in its 2024 Stock Option and Restricted Stock Incentive Plan has been achieved. Notably, Xu Weiqiang, who has served as the company's Vice President for exactly one year, is included in the incentive list, drawing significant attention.

According to public records, Xu Weiqiang was born in January 1977 and graduated from Tongji University with a master's degree. Before joining Ecovacs Robotics, he had a long tenure at Nokia Networks Technology Co., Ltd., serving as General Manager of Nokia Networks Technology Suzhou R&D Center from 2005 to 2016.

While the exact timing of his joining Ecovacs Robotics has not been explicitly disclosed, his career trajectory shows he has held multiple key positions within the company, including Director of Assessment Center and Senior Director of R&D Quality Management. In July 2024, he was promoted to Vice President of R&D Systems, marking him as a technology-focused executive.

Under the incentive plan, Xu Weiqiang was granted 168,000 stock options, with the first batch of 42,000 options now exercisable. His shareholding changes further reflect his deepening involvement with the company: on July 23, 2024, he reduced his holdings by 60,000 shares through other means at an average price of 38.91 yuan per share, bringing his remaining balance down to 1,800 shares. Subsequently, on November 8, he was granted 85,800 shares through equity incentives. By the end of 2024, his total shareholding reached 85,800 shares.

According to Ecovacs Robotics' first half 2025 financial report, the company achieved total operating revenue of 8.676 billion yuan, up 24.37% year-over-year, and net profit attributable to shareholders of 979 million yuan, representing a substantial 60.84% year-over-year increase. The company's revenue and profit performance showed positive year-over-year growth.

Based on 2024 financial data, Xu Weiqiang received compensation of 1.375 million yuan in his first period as Vice President. While this does not represent a full year's compensation, it is nevertheless quite substantial. Future developments regarding Xu Weiqiang's career progression remain to be observed.