2026 VEICHI First Quarter Report

Business Overview

• Operating revenue: USD68 million, 20.98% YoY growth
• Net profit attributable to parent company: USD7 million, 14.74% YoY decline

CORE REVENUE

Product Lines

• Drive: USD34 million, 52.10% of core revenue, 2.32% YoY growth
• Servo and control system: USD23 million, 36.00% of core revenue, 23.36% YoY growth
• Digital energy: USD7 million, 11.25% of core revenue, 412.01% YoY growth

Geographic Reach

• Domestic: USD47 million, 70.79% of core revenue, 15.22% YoY growth
• Overseas: USD19 million, 29.21% of core revenue, 34.10% YoY growth

R&D Highlights

• R&D investment: USD8 million, 12.36% YoY growth
• R&D team: 680, representing 33.70% of total workforce
• Active patents: 248
• Invention patents: 72
• Authorized software copyrights: 165

Recent Honors

• National Intellectual Property Demonstration Enterprise
• Industrial Information Security Protection Capability (3-Star Level)
• Suzhou 3A-Level Green Factory

MISSION
Driving Industrial Intelligence, Forging Greener Tomorrow.
VISION
Driving Global Progress in Smart Manufacturing & Renewable Energy
VALUES
Fulfill Customers, Value Talents, Open Innovation, Win-win Cooperation.