Increasing brand awareness Suzhou Veichi Electric Co.Ltd(688698) 2021 net profit increased by 45%

Suzhou Veichi Electric Co.Ltd(688698) february 26th issue the annual performance express of 2021. From January to December 2021, the company achieved an operating revenue of 819 million yuan, a year-on-year increase of 43.1%; The net profit attributable to the owners of the parent company was 127 million yuan, a year-on-year increase of 44.53%; The net profit attributable to the owner of the parent company after deducting non recurring profits and losses was 114 million yuan, with a year-on-year increase of 36.96%.

Suzhou Veichi Electric Co.Ltd(688698) said that during the reporting period, while the general products grew steadily, the company continued to tap the needs of industry customers and provide customers with high-quality industry solutions. The brand popularity continued to improve, the products were recognized by customers, and achieved rapid growth in machine tools, high-speed motors, mines and other industries. At the same time, the company strengthened the construction of talent echelon, optimized internal management process, reduced cost and increased efficiency, so as to realize double growth of operating income and net profit deducting non recurring profits and losses attributable to the owner of the parent company. (Lin Yi)

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