2025 VEICHI Third Quarter Report

Business Overview

Strengthening Core Business, Delivering Steady Growth

• Operating revenue: USD189 million, 16.67% YoY growth
• Net profit to shareholders: USD31 million, 6.74% YoY growth
• Basic earnings per share: USD0.15 per share, 6.00% YoY growth

CORE REVENUE

Product Lines

• Drive: USD121 million, 65.47% of core revenue, 16.67% YoY growth
• Servo and control system: USD57 million, 30.96% of core revenue, 10.85% YoY growth
• Digital energy: USD4 million, 2.50% of core revenue, 184.98% YoY growth

Geographic Reach

• Domestic: USD134 million, 72.37% of core revenue, 18.34% YoY growth
• Overseas: USD51 million, 27.63% of core revenue, 14.04% YoY growth

R&D Highlights

Driving Innovation, Expanding Our Product Portfolio

Under the “One Core, Two New Drivers” development strategy, VEICHI is proactively deploying in embodied intelligence and green energy sectors, driving future growth through innovation.

• R&D investment: USD21 million, 7.16% YoY growth

Number of R&D personnel: 662, representing 34.82% of total workforce, an increase of 7.64% YoY.

Achievements

As of September 30, 2025

• Authorized patents: 234
• Invention patents: 66
• Authorized software copyrights: 146

Project Progress

Advancing Intelligent Manufacturing, Accelerating New Productivity Development

Leveraging dual engines of intelligent automated production and digitalized warehousing, VEICHI is building a highly coordinated smart-manufacturing system that substantially improves production performance and operational efficiency, injecting strong momentum into the cultivation of new productive forces.

Development Layout

Upgraded Presence Across Three Cities, Strengthening Overall Capabilities

With the relocation and upgraded presence of VEICHI in Suzhou, Shenzhen, and Xi’an, the integrated R&D–manufacturing axis is now fully connected. This deep coupling of research and supply chain enables efficient resource sharing and complementary strengths, driving smart manufacturing to a new level and achieving dual improvements in innovation and delivery speed.