On the evening of April 17, Suzhou Veichi Electric Co.Ltd(688698) disclosed the 2021 annual report. During the reporting period, the company achieved a revenue of 819 million yuan, a year-on-year increase of 43.10%; The net profit attributable to the shareholders of the listed company was 127 million yuan, a year-on-year increase of 44.76%; The deduction of non net profit attributable to shareholders of listed companies was 114 million yuan, a year-on-year increase of 37.20%; The basic earnings per share of the company was 0.70 yuan, a year-on-year increase of 7.69%. The company plans to distribute a cash dividend of 1.76 yuan (including tax) to all shareholders for every 10 shares.
Suzhou Veichi Electric Co.Ltd(688698) since its establishment, the company has been focusing on the field of electrical transmission and industrial control. The company’s main business is the R & D, production and sales of frequency converter, servo system, motion control and other products. During the reporting period, the sales volume of the company’s main products and main business income maintained rapid growth, with a good development momentum.
Suzhou Veichi Electric Co.Ltd(688698) said that the substantial growth of the company’s revenue in 2021 was mainly due to the steady growth of the sales revenue of frequency converter, servo system and motion controller products, of which the sales revenue of special aircraft in the industry was 370 million yuan, a year-on-year increase of 36.58%; The sales revenue of servo system and motion controller was 187 million yuan, with a year-on-year increase of 82.36%.
The company’s net profit increased sharply in 2021, Suzhou Veichi Electric Co.Ltd(688698) said that it was mainly because the company continued to build a “large-scale + flexible” supply chain system, focused on lean production, and the relevant profit indicators increased steadily compared with the previous year.
Suzhou Veichi Electric Co.Ltd(688698) accurately grasp the industry trend, keep close to the market demand, maintain strong R & D efforts, continue to successfully develop and launch new products with stronger functions, better quality and higher efficiency, give full play to the competitive advantages of local brands, and further improve the industrial control automation product layout. From single product to manufacturing process, the company can provide customized system solutions for the company and continuously enhance the comprehensive competitiveness of the enterprise.
According to the announcement on April 8, 2022, the company issued the 2022 equity incentive plan, granting 3.6 million restricted shares to 180 technical and business backbones, accounting for 2% of the total share capital of the company, which also shows that the company has sufficient confidence in operation and development, high medium and long-term performance and strong growth certainty.
It is understood that Suzhou Veichi Electric Co.Ltd(688698) is a high-tech enterprise, a private science and technology enterprise in Jiangsu Province, the technology center of industrial enterprises in Jiangsu Province, “2021 Taurus science and Innovation Award”, and the title of specialized and special “little giant” enterprise issued by the Ministry of industry and information technology in September 2021.
