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2026 VEICHI Semi-Annual Report
Business Overview
- Operating revenue: USD158 million, 18.84% YoY growth
- Net profit attributable to parent company: USD16 million, 21.76% YoY decline
- Net assets attributable to shareholders of the listed company: USD358 million, 2.55% growth vs. Year-end 2025
CORE REVENUE
Product Lines
- Industrial Automation: USD138 million, 89.59% of core revenue, 10.55% YoY growth
- Green Energy: USD9 million, 6.40% of core revenue, 219.16% YoY growth
- Embodied Intelligence: USD4 million, 3.11% of core revenue, 343.70% YoY growth
Geographic Reach
- China: USD116 million, 75.17% of core revenue, 22.66% YoY growth
- Overseas: USD38 million, 24.83% of core revenue, 6.93% YoY growth
R&D Highlights
- R&D investment: USD17 million, 17.07% YoY growth
- Granted patents: 267
- Invention patents: 75
- Authorized software copyrights: 167
Recent Honors
- 2025-2027 National Intellectual Property Powerhouse Construction Demonstration Program
- Three-Star Enterprise for Industrial Information Security Protection
- 2026 Industrial Control Innovation Application Award — Machine Tool Industry
- Suzhou AAA-Rated Green Factory
Business Development Highlights
Industrial Automation
VEICHI is strengthening its three core businesses—drives, Servo Systems and control systems—by expanding its high-, medium- and low-voltage VFD portfolio across single- and multi-drive applications, advancing core technologies in servo drives, motors and encoders, and accelerating breakthroughs in mid- to high-end PLCs. VEICHI has established a full-stack industrial automation portfolio spanning supervisory, control, drive and execution layers, further enhancing its competitiveness in industrial automation.
Embodied Intelligence
VEICHI is expanding its portfolio of core components for embodied intelligence, including frameless motors, miniature frameless motors, brushless coreless motors, high-power-density drives, integrated servo wheel modules, integrated servo units and low-voltage servo systems. Through joint ventures, VEICHI is extending its capabilities into joint modules, dexterous hands and related solutions for humanoid, collaborative and mobile robots. In industrial AI inspection, VEICHI is developing multimodal AI agent robots and AI-powered ultra-close-range vision systems, accelerating the integration of AI with industrial manufacturing.
Green Energy
VEICHI is expanding its green energy portfolio with off-grid, hybrid and grid-tied inverters, C&I energy storage inverters, modular power conversion systems (PCS), and hydrogen production power supplies. These solutions support C&I energy storage, residential energy storage and green hydrogen production through water electrolysis. VEICHI is also expanding into battery testing equipment for cells, modules and battery packs/clusters, complemented by integrated zero-carbon smart energy solutions to broaden its presence across the green energy value chain.
Digital IoT
VEICHI is advancing its Digital IoT strategy by leveraging connected data, intelligent scheduling and AI to accelerate the digital transformation of manufacturing operations. VEICHI’s Phase III smart warehouse integrates intelligent algorithms with flexible AGV scheduling to enable automated and intelligent operations. VEICHI has also developed an integrated manufacturing operations management platform and implemented plant-wide digital transformation projects, extending its digital capabilities from internal applications to industry-wide solutions.
Aug 21, 2026
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