2025 VEICHI First-Quarter Report

KEY FINANCIAL INDICATORS

Operating Revenue

• Total operating revenue: CNY387.13 million, 18.16% YoY growth
• Net profit attributable to parent company: CNY56.66 million, 5.60% YoY growth

CORE REVENUE

Product lines

• Drive: CNY231.92 million, 17.95% YoY growth, 61.19% of core revenue
• Servo and control system: CNY132.91 million, 9.76% YoY growth, 35.07% of core revenue
• Digital energy: CNY10.01 million, 1,215.77% YoY growth, 2.64% of core revenue

Geographic reach

• Domestic: CNY279.83 million, 15.33% YoY growth, 73.83% of core revenue
• Overseas: CNY99.20 million, 28.74% YoY growth, 26.17% of core revenue

R&D INNOVATION

• R&D investment: CNY49.21 million, 7.80% YoY growth, 12.71% of operating revenue
• R&D team: 632, 34.54% of VEICHI's total workforce
• Total authorized patents (as of March 31, 2025): 220
• Invention patents: 57