42.92
+1.04%
Close of 9 Nov 2026, in CNY
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About Suzhou Veichi Electric Co
Its shares trade on Shanghai under the ticker 688698.SS. It has been listed since 29 December 2020. In the fiscal year to 31 December 2025, it reported revenue of CN¥1.95bn and net income of CN¥268.4m. At that date it held total assets of CN¥3.79bn and shareholders' equity of CN¥2.35bn.
Suzhou Veichi Electric Co Ltd is a CN-based company operating in Electrical Equipment industry. The company is headquartered in Suzhou, Jiangsu. The company went IPO on 2020-12-29. Suzhou Veichi Electric Co Ltd is a China-based company principally engaged in the research, development, production and sales of frequency inverters, servo systems and motion controllers. Frequency inverter products are mainly divided into general-purpose inverters and special industrial machines. Servo systems include general-purpose servo systems and special industrial machines. The Company’s products mainly include frequency inverters from 0.4kW to 1,200kW, servo systems from 50W to 55kW, motion controllers, Programmable Logic Controllers (PLC) and Human Machine Interfaces (HMI), which are used in lifting, mining equipment, rail transit, machine tools, compressors and other industries. The firm mainly conducts business within domestic market.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 29 Dec 2020
- Employees
- 1,162
- Website
- veichi.com ↗
Leadership
Pay as last reported
- Mr. Zhiyong HuChairman of the Board, General Manager, since 2019
- Ms. Wanzhu HeChief Financial Officer, Deputy General Manager, Secretary of the Board
- Ms. Zhuqin MoDeputy General Manager, Director, since 2019
- Ms. Min LuFinance Manager
- Mr. Peng LuoDirector
- Ms. Haiyan TangIndependent Director
- Ms. Zhijuan YanIndependent Director
- Mr. Yanru ZhongIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Suzhou Veichi Electric employs 1,162 full-time employees in Suzhou, Jiangsu.
- Frequency inverters range from 0.4kW to 1,200kW for industrial applications.
- Servo systems span 50W to 55kW covering general and special industrial machines.
Weaknesses
- The company operates solely within the domestic Chinese market.
- Suzhou Veichi Electric has no international presence or global expansion plans.
- Its product range lacks high-end industrial automation solutions beyond 55kW.
Opportunities
- Expanding into rail transit and mining equipment sectors in China.
- Growing demand for motion controllers and PLCs in machine tools industry.
- Increasing adoption of HMI systems in compressors and lifting applications.
Threats
- Rising competition from domestic Chinese electrical equipment manufacturers.
- Economic slowdown affecting industrial investment in China.
- Regulatory changes in the Electrical Equipment industry could impact production.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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