SUMEC

OverviewSuggest Edit

SUMEC (江苏苏美达集团) is a provider of import, export, and distribution of industrial and consumer electromechanical equipment, vehicle parts, machinery, clothing, etc. Its business scope includes power tools, power generation equipment, garments, home textile, school uniforms, high-speed rail parts, auto parts, engines, environment engineering project construction and management, shipbuilding, and shipping. The company also conducts scientific and engineering research.
TypePublic
Founded1978
HQNanjing, CN
Websiteen.sumec.com

Locations

SUMEC is headquartered in
Nanjing, China

Location Map

Latest Updates

Employees (est.) (Jun 2022)20,202(-14%)
Revenue (FY, 2021)¥167.7 B(+71%)
Share Price (Jun 2022)¥5.8
Cybersecurity ratingCMore
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Key People/Management at SUMEC

Yang Yongqing

Yang Yongqing

Chairman
Jin Yongchuan

Jin Yongchuan

General Manager, Director
Wang Jian

Wang Jian

Chief Financial Officer, Secretary of the Board of Directors
Zhang Hong

Zhang Hong

Chairman of the Supervisory Board
Pi Anrong

Pi Anrong

Director
Wang Yuqi

Wang Yuqi

Director
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SUMEC Office Locations

SUMEC has offices in Nanjing, Los Angeles and York
Nanjing, CN (HQ)
198 Changjiang Rd, Xuanwu Qu
York, GB
Unit A & B, Escrick Business Park
Los Angeles, CA, US
9449 De Soto Ave, Chatsworth
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SUMEC Financials and Metrics

SUMEC Revenue

SUMEC's revenue was reported to be ¥167.68 b in FY, 2021
CNY

Revenue (Q1, 2022)

30.7b

Gross profit (Q1, 2022)

1.4b

Net income (Q1, 2022)

550.5m

EBITDA (Q1, 2022)

658.7m

EBIT (Q1, 2022)

712.5m

Market capitalization (17-Jun-2022)

7.6b

Closing stock price (17-Jun-2022)

5.8

Cash (31-Mar-2022)

8.8b

EV

18.1b
SUMEC's current market capitalization is ¥7.6 b.
Annual
CNYFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

81.7b85.3b98.1b167.7b

Cost of goods sold

(76.9b)(79.8b)(93.1b)(162.0b)

Gross profit

5.0b5.8b5.4b6.5b

R&D expense

(289.2m)(370.8m)(366.3m)(475.0m)
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

18.7b21.3b23.5b16.0b27.4b26.9b33.0b45.9b45.2b30.7b

Cost of goods sold

(17.6b)(20.3b)(21.9b)(15.1b)(26.3b)(24.8b)(31.5b)(44.5b)(43.1b)(29.3b)

Gross profit

1.1b1.1b1.4b894.6m1.3b1.9b1.4b1.7b1.8b1.4b

R&D expense

(32.0m)(88.9m)(68.3m)(44.5m)(100.3m)(85.4m)(84.7m)(105.8m)(90.3m)(85.5m)
Annual
CNYFY, 2018FY, 2019FY, 2020FY, 2021

Cash

8.2b7.8b6.0b8.8b

Accounts Receivable

8.1b7.8b7.4b9.3b

Prepaid Expenses

6.4b5.0b7.7b8.9b

Inventories

4.2b4.6b8.0b9.3b
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

10.2b6.5b7.6b6.9b7.5b6.7b5.5b5.2b6.6b8.8b

Accounts Receivable

7.3b8.0b8.6b8.0b7.6b9.0b8.4b8.6b8.2b10.0b

Prepaid Expenses

7.0b7.6b6.6b7.7b6.3b7.4b10.2b8.6b10.8b10.9b

Inventories

4.8b5.2b4.3b8.8b7.0b8.0b10.5b9.5b10.6b11.0b
Annual
CNYFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

1.2b1.5b1.7b2.4b

Depreciation and Amortization

501.5m645.8m807.7m637.1m

Inventories

(284.5m)(235.8m)(2.7b)(1.4b)

Accounts Payable

(891.6m)(161.6m)6.3b6.5b
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

630.8m713.3m1.1b

Depreciation and Amortization

289.0m333.6m319.1m

Inventories

(1.0b)(1.7b)(1.5b)

Accounts Payable

2.1b3.2b3.0m
CNYFY, 2018

Revenue/Employee

4.2m
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SUMEC Acquisitions / Subsidiaries

Company NameDateDeal Size
Anhui SUMEC International Trade Co., Ltd.
Beijing SUMEC North International Trade Co., Ltd.
Chengdu SUMEC International Trade Co., Ltd.
China SUMEC Automotive Industry Consulting Development Co., Ltd.
Chongqing SUMEC Changjiang Garment Co., Ltd.
Fujian SUMEC Mechanical and Electrical Equipment Co., Ltd.
Guangdong SUMEC International Trade Co., Ltd.
Hainan SUMEC Supply Chain Co., Ltd.
Hefei SUMEC Solar Power Co., Ltd.
Henan SUMEC Clothing Technology Development Co., Ltd.
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SUMEC Revenue Breakdown

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SUMEC revenue breakdown by business segment: 83.8% from SUPPLY CHAIN OPERATION, 8.6% from BIG CONSUMPTION and 7.5% from Other

SUMEC Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

SUMEC Online and Social Media Presence

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SUMEC Frequently Asked Questions

  • When was SUMEC founded?

    SUMEC was founded in 1978.

  • Who are SUMEC key executives?

    SUMEC's key executives are Yang Yongqing, Jin Yongchuan and Wang Jian.

  • How many employees does SUMEC have?

    SUMEC has 20,202 employees.

  • What is SUMEC revenue?

    Latest SUMEC annual revenue is ¥167.7 b.

  • What is SUMEC revenue per employee?

    Latest SUMEC revenue per employee is ¥8.3 m.

  • Who are SUMEC competitors?

    Competitors of SUMEC include Erdos, Tewoo Group and Fincantieri.

  • Where is SUMEC headquarters?

    SUMEC headquarters is located at 198 Changjiang Rd, Xuanwu Qu, Nanjing.

  • Where are SUMEC offices?

    SUMEC has offices in Nanjing, Los Angeles and York.

  • How many offices does SUMEC have?

    SUMEC has 3 offices.