YOLFTbeta
Suzhou Veichi Electric Co. Ltd. A

Suzhou Veichi Electric Co. Ltd. A

688698 · SHG · Industrials / Specialty Industrial Machinery

42.62CNY-1.63 (-3.68%)

Price History

Full chart

Market Stats

Previous Close44.25
Open44.20
Day Range42.19 – 45.49
52-Week Range38.94 – 112.98
Volume8.24M
Market Cap8.94B
P/E (TTM)38.15
Forward P/E0.00
EPS1.09
Dividend Yield1.20%
Beta0.83
50-Day Avg44.74
200-Day Avg67.40

About

Suzhou Veichi Electric Co., Ltd. engages in the research and development, procurement, production, and sale of industrial automation products in China and internationally. The company offers long voltage drives, Servo systems, PLC, HMI, medium voltage drives, multi-motor drives, four-quadrant inverters, VFD accessories, and robot components; and industrial robot products, such as six axis, four axis, Scara, collaborative, and welding robots, as well as robot system equipment. It also provides solar pump system including solar water pump system and inverter, solar pump inverter cabinet, AC solar water pump, BLDC solar pump system, center pivot irrigation system, solar connector, solar dc cable, pv combiner box, solar panel, and accessories. In addition, the company offers renewable energy products, including hybrid inverters, off-grid and on-grid inverters, battery test system, EV controller, and lithium batteries; and industry specific drive products. The company was founded in 2005 and is headquartered in Suzhou, China. Suzhou Veichi Electric Co., Ltd. operates as a subsidiary of Huaian Veichi Electric Co., Ltd.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Industrial Machinery
  • CEOMr. Zhiyong Hu
  • Employees1.93K
  • HeadquartersNo.1000 of Songjia Road, Suzhou, China, 215124, China
  • Websitehttps://www.veichi.com

Leadership

  • Mr. Zhiyong HuChairman & GM · b. 1974
  • Ms. Wanzhu HeDeputy GM, Financial Director & Secretary of the Board of Directors · b. 1970
  • Ms. Zhuqin MoDeputy GM, Director of Supply Chain Center & Director · b. 1971
  • Mr. Peng LuoDirector and Director of R&D Center · b. 1979
  • Mr. Xu Dong TaoDeputy Director of Software Department of R&D Center · b. 1986
  • Mr. Chengzeng HeDeputy Director of R&D Center and Core Technician · b. 1975
  • Juan TangAccounting Supervisor
  • Mr. Hongwei PengDeputy Director of Supply Chain Center · b. 1982

Financials

Income Statement

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue322.86M356.96M446.24M572.23M818.87M905.99M1.30B1.64B1.95B
Growth (%)-+10.56%+25.01%+28.24%+43.10%+10.64%+44.03%+25.70%+18.66%
Cost of Revenue194.83M218.98M275.25M362.29M553.09M585.53M817.96M1.00B1.21B
Gross Profit128.02M137.98M170.99M209.94M265.78M320.46M486.92M635.60M1.95B
Gross Margin39.65%38.65%38.32%36.69%32.46%35.37%37.32%38.75%100.00%
Operating Expense93.79M95.98M108.31M115.78M135.46M178.89M289.47M392.29M1.67B
Operating Income34.24M42.00M62.68M94.16M130.33M141.57M197.46M243.31M279.54M
Operating Margin10.60%11.77%14.05%16.45%15.92%15.63%15.13%14.83%14.36%
EBITDA46.08M52.98M76.02M108.94M150.86M164.54M222.27M275.97M309.23M
EBITDA Margin14.27%14.84%17.04%19.04%18.42%18.16%17.03%16.83%15.89%
Net Income31.61M35.28M57.55M87.56M126.74M139.90M190.80M245.03M268.36M
Net Income Margin9.79%9.88%12.90%15.30%15.48%15.44%14.62%14.94%13.79%
R&D33.84M36.74M42.95M52.72M75.97M107.16M163.77M217.34M243.29M
R&D as % of Total Revenue10.48%10.29%9.63%9.21%9.28%11.83%12.55%13.25%12.50%
Interest Expense4.65M4.35M2.57M1.03M357.14K1.01M1.38M2.67M2.91M
Interest Expense % of Total Revenue1.44%1.22%0.58%0.18%0.04%0.11%0.11%0.16%0.15%

Balance Sheet

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets378.54M416.63M451.42M1.08B1.27B1.47B2.54B3.07B3.79B
Total Liabilities200.03M212.64M185.98M312.45M401.73M492.26M609.02M959.60M1.41B
Total Equity178.50M203.98M265.44M763.07M866.33M980.42M1.93B2.09B2.35B
Cash17.86M49.52M62.77M518.91M253.25M180.68M170.07M164.47M250.84M
Total Debt77.28M65.00M27.05M15.03M788.05K28.82M34.93M74.80M-
Net Debt59.42M15.48M-35.72M-503.88M-252.46M-151.86M-135.13M-89.67M-

Cash Flow

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-10.38M47.54M70.84M53.91M30.07M179.90M5.28M201.03M83.62M
Investing Cash Flow-30.14M-24.14M-17.01M92.06K-244.69M-234.28M-782.55M-182.27M-
Financing Cash Flow28.21M-3.19M-30.07M402.81M-50.19M-20.11M769.43M-27.57M-
Capital Expenditure11.39M17.97M5.51M12.68M41.45M90.61M182.49M200.30M143.20M
Free Cash Flow-21.77M29.58M65.33M41.23M-11.38M89.29M-177.20M726.54K-59.58M
Dividends Paid4.07M28.18M2.67M9.45M21.96M31.68M45.00M88.79M89.59M
FCF to OCF209.68%62.21%92.22%76.48%-37.84%49.63%-3354.76%0.36%-71.25%
Dividend Paid to FCF-18.71%95.28%4.09%22.92%-193.01%35.48%-25.39%12220.86%-150.37%

Earnings

Report DateMar 3, 2021Apr 28, 2021Aug 25, 2021Oct 27, 2021Apr 28, 2022Aug 25, 2022Oct 28, 2022Apr 28, 2023
EPS Estimate--------
EPS Actual0.080.120.250.190.170.270.200.24
Surprise--------
Timing--------

Key Statistics & Ratios

Market Cap8.94B
Enterprise Value9.39B
Trailing P/E38.15
Forward P/E0.00
Price / Sales4.23
Price / Book3.97
EPS1.09
Book Value11.25
Revenue (TTM)2.12B
Gross Profit (TTM)723.38M
EBITDA267.56M
Profit Margin10.97%
Operating Margin9.54%
Return on Equity9.89%
Return on Assets3.77%
Shares Outstanding215.03M
Shares Float90.78M
Beta0.83
Dividend Yield1.20%
Dividend Rate0.50
Payout Ratio45.87%

Dividends

20261×
0.35Jun 8, 2026
20252×
0.15Oct 9, 20250.27Jun 6, 2025
20242×
0.14Oct 25, 20240.28May 22, 2024
20231×
0.25Jun 2, 2023
20221×
0.18Jun 1, 2022
20211×
0.12May 26, 2021