Beijing Dahao Technology Corp.,Ltd (603025.SS) Bundle
Founded in September 2000 with a registered capital of 447 million RMB, Beijing Dahao Technology Corp., Ltd. has grown from roots dating to 1986 into a global leader in computerized control and motor drive technologies-listing on the Shanghai Stock Exchange in April 2015 under 603025 and now operating a 60,000‑square‑meter R&D and production base in Zhongguancun; backed by over 90 patents, a 60+ PhD/master R&D core and annual R&D spending above 50 million RMB, Dahao combines vertical integration and specialized labs to serve embroidery, sewing and knitting machinery worldwide, capturing the largest market share worldwide in embroidery control products while reporting trailing twelve‑month revenue of 2.84 billion RMB and net income of 692.88 million RMB, supported by cash reserves of 1.32 billion RMB, total debt of 846.81 million RMB, roughly 1.12 billion shares outstanding and a market capitalization around 19 billion RMB as investors weigh a trailing P/E of 27.06, a beta of 1.73 and insider ownership of 48.56% amid controlling shareholder Yiqing Holdings' planned equity increase.
Beijing Dahao Technology Corp.,Ltd (603025.SS): Intro
Beijing Dahao Technology Corp.,Ltd (603025.SS) was established in September 2000 with a registered capital of 447 million RMB, originating from activities that began in 1986 focused on computerized control systems and motor drive technologies for industrial sewing and knitting machinery. The company operates an R&D and production base of approximately 60,000 square meters in the Beijing Zhongguancun Science and Technology Park and was listed on the Shanghai Stock Exchange in April 2015 under stock code 603025, increasing its access to capital markets and public financial disclosure.- Registered capital: 447 million RMB (est. September 2000)
- Listing: Shanghai Stock Exchange, April 2015 - 603025.SS
- R&D & production base: ~60,000 m² in Beijing Zhongguancun Science and Technology Park
- Corporate origin: technology activities since 1986 in computerized control and motor drives
| Year | Event | Key data |
|---|---|---|
| 1986 | Origins of Dahao's technology development | Foundational R&D in control systems |
| 2000 | Company established | Registered capital: 447 million RMB |
| 2015 | IPO on Shanghai Stock Exchange | Stock code: 603025.SS |
| 2020s | Expansion of subsidiaries and global market penetration | R&D base: 60,000 m²; multiple subsidiaries |
| Late 2025 | Market position | Largest worldwide market share for computerized control products for embroidery machines & drivers |
- Core technological focus: computerized control systems, motor drives, and electronic controllers for sewing, knitting, and embroidery machinery
- Physical scale: 60,000 m² R&D/production campus enabling high-volume manufacturing and product testing
- Public listing objective: capital for R&D, capacity expansion, and M&A
- Beijing Xing Dahao Information Technology Co., Ltd. - software, control algorithms, and IoT integration
- Zhejiang Zhuji Xing Dahao Technology Development Co., Ltd. - production and sales channel in Zhejiang textile hub
- Taiyuan Dahao Yida Electronic Controller Co., Ltd. - controller manufacturing and testing
- Zhejiang Dahao Mingde Intelligent Control Equipment Co., Ltd. - intelligent control equipment and systems integration
- Product categories: embedded controllers, servo/stepper drivers, human-machine interfaces (HMIs), motion modules, and software suites
- R&D emphasis: control algorithm optimization, real-time performance, energy efficiency, and connectivity for Industry 4.0
- Manufacturing capability: high-volume PCB assembly, motor drive production, and system-level testing within the 60,000 m² facility
- Direct product sales: controllers, drivers, HMIs, and embedded systems to OEMs and end-users in textile machinery
- After-sales & services: maintenance contracts, spare parts, firmware updates, and technical support
- System integration projects: customized control systems for large OEM customers and textile manufacturers
- Software & licensing: proprietary control software, connectivity solutions, and diagnostics tools
- Exports & distribution: global sales channels to textile machinery markets, with a reported leading market share in embroidery-machine control products by late 2025
- Stock exchange: Shanghai Stock Exchange (603025.SS), listed April 2015
- Registered capital at founding: 447 million RMB
- R&D/production campus area: ~60,000 m²
- Market share (late 2025): largest worldwide for computerized control products for embroidery machines and related drivers
| Revenue Driver | Role | Implication |
|---|---|---|
| Controller & driver product sales | Primary | High-margin hardware sales to OEMs and aftermarket |
| System integration & projects | Secondary | Revenue from turnkey solutions and customization |
| After-sales & services | Recurring | Stable cash flows via maintenance and parts |
| Software & licensing | Growth | Scalable revenue with higher gross margins |
| Exports | Expansion | Global market penetration; as of late 2025, leadership in embroidery control segment |
- End-to-end control expertise: from motor drive electronics to embedded control firmware and application software
- Manufacturing scale: large 60,000 m² facility supporting volume production and rapid iteration
- Global market leadership in embroidery machine control solutions (market-leading share by late 2025)
- Localized and diversified subsidiary footprint enabling access to key textile regions and customization capabilities
Beijing Dahao Technology Corp.,Ltd (603025.SS): History
Beijing Dahao Technology Corp.,Ltd (603025.SS) was founded as a technology and industrial automation company, growing from domestic machinery and parts manufacturing into a listed systems integrator and smart equipment provider. Over successive product iterations and strategic acquisitions it shifted toward digitalized manufacturing solutions, software-driven controls and after-sales services, positioning itself as a China-focused industrial technology platform.- Founded: legacy manufacturing roots evolving into high-tech automation and smart equipment.
- Listing: traded on the SSE under ticker 603025.SS (public listing established company governance and broader capital access).
- Strategic shift: moved from pure manufacturing to integrated hardware+software solutions and service contracts.
- Controlling shareholder: Yiqing Holdings - on June 19, 2025, announced plans to increase its stake by RMB 50-100 million, signaling confidence in Dahao's outlook.
- Shares outstanding: ~1.12 billion shares.
- Insider ownership: 48.56% (strong management/insider alignment).
- Institutional ownership: 3.24% (moderate institutional participation).
- Market cap (as of Sep 26, 2025): RMB 18.83 billion.
- Beta: 1.73 (higher volatility vs. market).
- Dividend yield (as of Dec 5, 2025): 2.05%.
- Product mix: industrial equipment, automation components, embedded control systems, and SaaS-like recurring maintenance/service contracts.
- Revenue streams: one-time equipment sales, project integration fees, recurring service/maintenance contracts, software licensing and upgrades.
- Customer base: manufacturers across automotive, electronics, and large-scale industrial clients in China; emphasis on long-term service agreements to stabilize cash flow.
| Metric | Value |
|---|---|
| Market Capitalization (Sep 26, 2025) | RMB 18.83 billion |
| Shares Outstanding | ~1.12 billion |
| Trailing P/E | 27.06 |
| Insider Ownership | 48.56% |
| Institutional Ownership | 3.24% |
| Beta | 1.73 |
| Dividend Yield (Dec 5, 2025) | 2.05% |
| Yiqing Holdings planned injection (Jun 19, 2025) | RMB 50-100 million |
Beijing Dahao Technology Corp.,Ltd (603025.SS): Ownership Structure
Beijing Dahao Technology Corp.,Ltd (603025.SS) positions itself around a clear mission and set of values that drive its strategy in the textile machinery computerized control sector.- Mission: 'Create new value for customers' - focused on delivering innovative, efficient computerized control solutions for textile machinery.
- Core emphasis on independent R&D and technology leadership, evidenced by a portfolio of more than 90 patents.
- Commitment to quality through specialized internal facilities (EMC Lab, Machine Lab, Environmental Lab) to validate product performance and reliability.
- Culture of continuous improvement: annual R&D investment exceeding 50 million RMB to support product development and competitiveness.
- Customer-centric approach: provision of customized industrial automation system solutions tailored to client needs.
- Integrity and transparency in corporate communications, including proactive updates to shareholders on shareholding changes and financial results.
| Metric | Value |
|---|---|
| Stock ticker | 603025.SS |
| Patents (registered/held) | > 90 |
| Annual R&D investment (approx.) | > 50 million RMB |
| Key labs | EMC Lab; Machine Lab; Environmental Lab |
| Business focus | Computerized control systems & automation for textile machinery |
- How it makes money: product sales of control systems and components, project-based customized automation solutions, after-sales service and maintenance contracts, and related software/firmware upgrades.
- Ownership notes: the company maintains transparent shareholder communications and periodically discloses major shareholding changes per regulatory requirements, reflecting governance practices aligned with its stated values.
Beijing Dahao Technology Corp.,Ltd (603025.SS): Mission and Values
Beijing Dahao Technology Corp.,Ltd (603025.SS) centers its mission on advancing computerized control systems and automation for the textile machinery industry by combining deep in‑house R&D, rigorous testing, and end‑to‑end manufacturing. Core values include quality assurance, innovation, vertical integration, and customer‑centric service. How It Works Beijing Dahao operates from a centralized R&D and production base in Beijing supported by subsidiaries and branches domestically and internationally, enabling efficient operations and broader market reach. The company's vertically integrated business model controls the entire lifecycle from research and development to manufacturing, sales and after‑sales service, which strengthens quality control and operational efficiency.- Centralized R&D & production hub in Beijing with regional subsidiaries and international branches for sales and service coverage.
- Vertically integrated model: in‑house R&D → prototyping → production → distribution → after‑sales support.
- Focus markets: textile machinery computerized control systems, automation modules, and related electronic components.
- Specialized labs include an EMC Lab and a Machine Lab used for environmental, electromagnetic compatibility, reliability and performance testing.
- Labs are equipped with advanced imported experimental equipment to develop high‑quality computerized control products for textile machinery.
- R&D team composition:
- Over 60 PhD or master's degree holders
- More than 100 bachelor's degree holders
- Product sales: proprietary computerized control units, servo drives, PLC systems and automation subsystems sold to textile machinery OEMs and retrofit markets.
- System integration and customization: engineered solutions tailored for large textile manufacturers and industrial customers.
- After‑sales services & maintenance contracts: installation, troubleshooting, spare parts and long‑term service agreements.
- Export sales and international distribution through local branches and partners.
- Licensing & technical consulting for process optimization and control algorithms (where applicable).
| Metric | Value (RMB) | Notes |
|---|---|---|
| Cash reserves | 1,320,000,000 | Available liquidity for operations and strategic initiatives |
| Total debt | 846,810,000 | Interest‑bearing liabilities |
| R&D PhD/Master's | 60+ | Senior technical staff |
| R&D Bachelor's | 100+ | Engineering and support personnel |
| Key labs | EMC Lab; Machine Lab | Equipped with imported experimental instruments |
Beijing Dahao Technology Corp.,Ltd (603025.SS): How It Works
History and Ownership Beijing Dahao Technology Corp.,Ltd (603025.SS) is a Shanghai Stock Exchange-listed Chinese engineering and electronics company specializing in computerized control systems and motor drive technologies for textile machinery. Since its founding it has evolved from a niche control-systems supplier into a vertically integrated provider of embedded controllers, drive motors, and intelligent-factory solutions for the sewing, embroidery, knitting, hosiery, and glove-machine industries. It is publicly traded under ticker 603025.SS, with ownership comprising institutional investors, retail shareholders, and company insiders as typical for SSE-listed firms. Mission and Strategic Focus The company's mission centers on raising automation and productivity in textile manufacturing through reliable, high-precision control systems and integrated digital solutions. Strategic priorities include R&D investment in embedded control, expanded after-sales and technical services, and international market penetration in embroidery and flat-knitting control segments. For details on stated corporate mission and values see: Mission Statement, Vision, & Core Values (2026) of Beijing Dahao Technology Corp.,Ltd. How It Makes Money Beijing Dahao generates revenue through a combination of product sales, system integration, and recurring services centered on control and drive technologies for textile machinery:- Design, manufacture, and sale of computerized control systems and motor-drive units for embroidery machines, industrial sewing machines, flat-knitting machines, hosiery machines, and glove machines.
- Turnkey intelligent factory and automation solutions that combine hardware, firmware, and software for production-line optimization and remote monitoring.
- Technical services, spare parts, firmware/software upgrades, and training, providing recurring revenue and stronger customer retention.
- Licensing and customization projects for high-volume OEM partners and machine makers, often bundled with long-term maintenance contracts.
- Embroidery-machine control systems - core high-margin business and significant global market share in this segment.
- Industrial sewing and flat-knitting controls - volume-driven sales to apparel and textile manufacturers.
- Hosiery, glove machines, and specialized knitting controls - niche but stable demand.
- Intelligent factory and IoT solutions - growing contribution to revenue via system integration and services.
| Metric | Value (RMB) | Notes / Date |
|---|---|---|
| Revenue | 2,840,000,000 | Trailing twelve months (as of 2025-12-05) |
| Net Income | 692,880,000 | Trailing twelve months (as of 2025-12-05) |
| Annual Dividend per Share | 0.35 | RMB per share |
| Dividend Yield | 2.05% | Reported annual yield |
- High-margin proprietary controllers: Intellectual property in firmware and control algorithms enables pricing power versus commodity components.
- After-sales services: Spare parts, field service, and software updates generate recurring margins and lengthen customer lifetime value.
- Scale in embroidery controls: Leading share in global embroidery-machine control market drives volume economics and component sourcing leverage.
- R&D-led product upgrades: Continuous innovation supports premium positioning and export competitiveness.
- Direct sales to machine builders and textile factories (OEM and end-user).
- Distributor and agent networks in overseas textile hubs.
- Integration partnerships with machine manufacturers for bundled controller + motor packages.
- Revenue growth and gross margin trends in the embroidery control segment.
- Recurring revenue share from services and intelligent-factory contracts.
- R&D spend and new product releases expanding addressable markets.
- Dividend policy continuity and payout ratio relative to net income and cash flow.
Beijing Dahao Technology Corp.,Ltd (603025.SS): How It Makes Money
Beijing Dahao Technology Corp.,Ltd (603025.SS) generates revenue primarily by designing, manufacturing and selling computerized control systems and drive units for embroidery machines, alongside related software, peripherals and after-sales services. The company leverages its global market leadership in computerized embroidery control products and related drivers to capture OEM contracts, aftermarket parts sales and recurring software/service income.- Core product sales: computerized control units, motor drivers, and embedded controllers sold to embroidery machine OEMs and retrofit markets.
- Software & firmware licensing: control algorithms, pattern-management software and firmware updates sold or licensed to manufacturers and end-users.
- After-sales & spare parts: replacement drivers, motors, and technical support contracts providing recurring revenue and higher margins.
- Integrated solutions & customization: turnkey control systems, collaborative R&D projects and bespoke integrations for industrial clients.
- Export & distribution: international sales channels and distributor networks that expand geographic reach and scale.
| Metric | Value |
|---|---|
| Market Capitalization (as of 2025-12-05) | 19.07 billion RMB |
| Trailing P/E | 27.06 |
| Beta | 1.73 |
| Annual R&D Investment | >50 million RMB |
| Market Position | Largest global market share in computerized control products for embroidery machines and related drivers |
| Notable Shareholder Activity | Planned increase in shareholding by Yiqing Holdings |
- Revenue mix is weighted toward hardware sales (control units and drivers) with growing contributions from software licensing and service contracts.
- R&D spending (>50M RMB annually) supports product upgrades that command premium pricing and OEM lock-in.
- Higher beta (1.73) signals that earnings-and therefore near-term revenue-may be more sensitive to cyclicality in machinery demand and export conditions.
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