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Suzhou Veichi Electric Co 688698.SS · CNY

Industrials · Shanghai · 🇨🇳 China

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42.92

+1.04%

Close of 9 Nov 2026, in CNY

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At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥1.95bn

FY2017FY2025

Net income

CN¥268.4m

FY2017FY2025

Free cash flow

−CN¥59.6m

FY2017FY2025

Shareholders' equity

CN¥2.35bn

FY2017FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
RevenueCN¥1.95bnCN¥1.64bnCN¥1.30bnCN¥906.0mCN¥818.9mCN¥572.2mCN¥446.2mCN¥357.0mCN¥322.9m
Research and developmentCN¥243.3mCN¥217.3mCN¥163.8mCN¥107.2mCN¥76.0mCN¥52.7mCN¥43.0mCN¥36.7mCN¥33.8m
Operating incomeCN¥279.5mCN¥243.3mCN¥197.5mCN¥141.6mCN¥130.3mCN¥95.1mCN¥65.1mCN¥42.0mCN¥34.2m
Net incomeCN¥268.4mCN¥245.0mCN¥190.8mCN¥139.9mCN¥126.7mCN¥87.6mCN¥57.6mCN¥35.3mCN¥31.6m
Diluted earnings per share1.281.150.890.780.680.650.440.170.15

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assetsCN¥3.79bnCN¥3.07bnCN¥2.54bnCN¥1.47bnCN¥1.27bnCN¥1.08bnCN¥451.4mCN¥416.6mCN¥378.5m
Cash and short-term investments—CN¥167.0mCN¥170.1mCN¥355.7mCN¥268.2mCN¥518.9mCN¥74.8mCN¥49.5mCN¥17.9m
Total liabilitiesCN¥1.41bnCN¥959.6mCN¥609.0mCN¥492.3mCN¥401.7mCN¥312.4mCN¥186.0mCN¥212.6mCN¥200.0m
Debt—CN¥74.8mCN¥34.9mCN¥28.8mCN¥788,048CN¥15.0mCN¥27.0mCN¥65.0mCN¥77.3m
Shareholders' equityCN¥2.35bnCN¥2.09bnCN¥1.93bnCN¥980.4mCN¥866.3mCN¥763.1mCN¥265.4mCN¥204.0mCN¥178.5m
Shares outstanding210m214m214m180m185m135m130m210m210m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operationsCN¥83.6mCN¥201.0mCN¥5.3mCN¥179.9mCN¥30.1mCN¥53.9mCN¥70.8mCN¥47.5m−CN¥10.4m
Capital spending−CN¥143.2m−CN¥200.3m−CN¥182.5m−CN¥90.6m−CN¥41.4m−CN¥12.7m−CN¥5.5m−CN¥18.0m−CN¥11.4m
Free cash flow−CN¥59.6mCN¥726,540−CN¥177.2mCN¥89.3m−CN¥11.4mCN¥41.2mCN¥65.3mCN¥29.6m−CN¥21.8m
Dividends paid−CN¥89.6m−CN¥88.8m−CN¥45.0m−CN¥31.7m−CN¥22.0m−CN¥9.4m−CN¥2.7m−CN¥28.2m−CN¥4.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥598.1mCN¥468.4mCN¥596.3mCN¥452.5mCN¥510.2mCN¥387.1mCN¥483.2mCN¥386.0m
Operating incomeCN¥67.7mCN¥60.8mCN¥40.7mCN¥86.8mCN¥91.8mCN¥60.3mCN¥29.5mCN¥76.2m
Net incomeCN¥61.9mCN¥48.3mCN¥43.7mCN¥83.7mCN¥84.3mCN¥56.7mCN¥34.6mCN¥76.1m
Diluted earnings per share0.300.230.210.400.400.270.160.36
Cash from operations———−CN¥16.0mCN¥24.0m−CN¥46.0mCN¥101.0mCN¥67.0m
Capital spending−CN¥19.0m−CN¥25.0m−CN¥67.0m−CN¥9.0m−CN¥38.0m−CN¥27.0m−CN¥21.0m−CN¥40.0m
Free cash flow———−CN¥25.0m−CN¥14.0m−CN¥73.0mCN¥80.0mCN¥27.0m
Total assetsCN¥3.86bnCN¥3.74bnCN¥3.79bnCN¥3.64bnCN¥3.36bnCN¥3.11bnCN¥3.07bnCN¥2.89bn
Cash and short-term investments———CN¥288.0mCN¥210.7mCN¥141.9mCN¥167.0mCN¥201.5m
Debt———CN¥542.2mCN¥132.0mCN¥69.8mCN¥70.6mCN¥4.2m
Shareholders' equityCN¥2.41bnCN¥2.39bnCN¥2.35bnCN¥2.32bnCN¥2.22bnCN¥2.16bnCN¥2.09bnCN¥2.09bn

Financial ratios

Data as of 28 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin14.4%14.8%15.1%15.6%15.9%16.6%—
Net margin13.8%14.9%14.6%15.4%15.5%15.3%—
Return on equity11.4%11.7%9.9%14.3%14.6%11.5%—
Return on assets7.1%8.0%7.5%9.5%10.0%8.1%—
Free cash flow yield2.6%4.4%2.1%3.6%0.9%1.2%—
Revenue growth18.7%25.7%44.0%10.6%43.1%28.2%—
Earnings growth9.5%28.4%36.4%10.4%44.8%52.1%—
Current ratio2.01x1.82x2.45x2.37x2.38x3.22x—
Debt to equity—0.03x0.02x0.02x0.00x0.02x0.10x
Equity ratio61.9%68.1%75.9%66.6%68.3%70.9%—
Interest coverage96.21x91.21x143.10x139.73x364.92x92.27x—
R&D as a share of sales12.5%13.3%12.6%11.8%9.3%9.2%—
Buybacks as a share of market value1.9%0.4%-19.1%2.8%-36.9%-3.8%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue29.0%27.7%—
Operating income25.5%24.1%—
Net income24.3%25.1%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings77.238.440.826.739.227.7
Price to sales10.65.76.04.16.14.2

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 8 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021
Paid in the year0.350.420.4220.2490.1760.122

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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