Credit Brief — OmniVision Integrated Circuits Group, Inc. (豪威集团)
603501.SH · Shanghai Main Board · Data window: 2022–2026 Q1 · Sources: official periodic reports filed via cninfo (巨潮资讯网)
All figures are extracted mechanically from official filings and are traceable to source page (see §9). Narrative sections are analyst commentary; mechanical sections are produced without any LLM. Not investment advice. Not a credit rating.
1. Identity & legitimacy
- Legal representative: 高文宝
- Registered address: 中国（上海）自由贸易试验区龙东大道3000号1幢C楼7层
- Office address: 上海市浦东新区上科路88号
- Controlling shareholder: 虞仁荣
- Actual controller: 虞仁荣
- Employees: 6,160
Source: identity fields above are mechanically extracted from the issuer's own filed annual reports. - Registration data via corporate registry is not included in this build
2. Compliance & legal
Compliance screens (dishonest debtor / enforcement / penalties / business exceptions) require a registry data source not included in this build
3. Business profile
Top customer/supplier tables not generated for this issuer.
4. Financial dashboard (CNY mn)
Assets
| 2022 | 2023 | 2024 | 2025 | 2026 Q1 | |
|---|---|---|---|---|---|
| Cash and bank balances | 4,026.1 | 9,085.9 | 10,185.3 | 12,820.8 | 16,387.1 |
| Trading financial assets | 14.0 | 132.7 | 125.7 | — | 470.4 |
| Accounts receivable | 2,501.9 | 4,031.5 | 3,963.9 | 3,943.9 | 4,104.1 |
| Other receivables | 88.1 | 44.6 | 57.8 | 70.6 | 144.7 |
| Inventories | 12,356.3 | 6,321.6 | 6,956.2 | 8,598.4 | 9,382.4 |
| Long-term equity investments | 534.1 | 518.4 | 464.0 | 731.9 | 884.1 |
| Fixed assets | 2,047.0 | 2,586.0 | 3,125.5 | 3,442.0 | 3,404.8 |
| Construction in progress | 493.1 | 903.8 | 533.8 | 1,124.8 | 1,135.0 |
| Intangible assets | 2,018.3 | 2,305.1 | 2,216.2 | 1,995.5 | 2,091.5 |
| Total assets | 35,191.0 | 37,743.2 | 38,964.6 | 43,600.5 | 49,366.0 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 Q1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 3,632.4 | 2,671.4 | 1,085.6 | 2,079.0 | 2,198.5 |
| Notes payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Accounts payable | 1,127.6 | 1,663.1 | 1,935.4 | 2,234.5 | 2,943.3 |
| Contract liabilities | 125.4 | 186.8 | 225.7 | 240.3 | 340.5 |
| Other payables | 1,153.5 | 1,166.5 | 1,132.7 | 1,331.0 | 1,169.3 |
| Current portion of non-current liabilities | 3,919.9 | 2,882.8 | 2,652.6 | 6,004.9 | 6,516.8 |
| Long-term borrowings | 2,749.8 | 2,977.4 | 3,471.9 | 1,617.7 | 1,239.4 |
| Bonds payable | 2,346.8 | 2,443.9 | 2,523.9 | — | 0.0 |
| Total liabilities | 17,089.9 | 16,248.5 | 14,762.2 | 15,446.6 | 16,356.1 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 Q1 | |
|---|---|---|---|---|---|
| Paid-in capital | 1,185.4 | 1,215.8 | 1,216.1 | 1,209.8 | 1,261.1 |
| Capital reserve | 8,630.7 | 11,328.9 | 11,545.4 | 11,165.9 | 15,879.4 |
| Retained earnings | 8,572.5 | 9,007.9 | 11,867.9 | 15,164.2 | 15,667.1 |
| Minority interests | 81.9 | 43.9 | 1.2 | -18.2 | -71.1 |
| Total equity | 18,101.1 | 21,494.7 | 24,202.4 | — | 33,010.0 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 Q1 | |
|---|---|---|---|---|---|
| Revenue | 20,078.2 | 21,020.6 | 25,730.6 | 28,854.8 | 6,414.0 |
| Cost of sales | 13,903.3 | 16,446.4 | 18,154.4 | 20,015.2 | 4,529.5 |
| Selling expenses | 516.3 | 467.3 | 556.7 | 564.3 | 128.8 |
| Administrative expenses | 764.9 | 623.1 | 748.4 | 696.4 | 193.8 |
| Finance costs | 594.0 | 456.8 | -12.9 | -73.7 | 33.4 |
| Investment income | 1,047.4 | 73.5 | 182.5 | 11.8 | 5.9 |
| Operating profit | 1,298.5 | 666.8 | 3,270.9 | 4,606.3 | 608.3 |
| Profit before tax | 1,301.3 | 691.4 | 3,278.5 | 4,600.8 | 610.3 |
| Net profit | 958.6 | 543.8 | 3,284.3 | 4,031.7 | 493.7 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 Q1 |
|---|---|---|---|---|---|
| Current ratio | 1.89x | 2.23x | 2.87x | 2.10x | 2.27x |
| Quick ratio | 0.70x | 1.54x | 1.95x | 1.42x | 1.59x |
| Debt-to-asset ratio | 48.6% | 43.1% | 37.9% | 35.4% | 33.1% |
| Total debt / EBITDA | 5.84x | 7.12x | 2.46x | 1.79x | 8.97x |
| EBITDA interest coverage | 3.65x | 3.37x | 305.72x | 73.42x | 33.24x |
| Gross margin | 30.8% | 21.8% | 29.4% | 30.6% | 29.4% |
| Net margin | 4.8% | 2.6% | 12.8% | 14.0% | 7.7% |
| Return on equity (ROE) | 5.3% | 2.5% | 13.6% | — | 1.5% |
| Revenue growth | — | 4.7% | 22.4% | 12.1% | -77.8% |
| Net profit growth | — | -43.3% | 503.9% | 22.8% | -87.8% |
| Receivable days | 45 | 70 | 56 | 50 | 234 |
| Cash received / revenue | 108.3% | 99.7% | 106.0% | 97.8% | 107.3% |
| Operating CF / net profit | -2.08x | 13.86x | 1.45x | 1.02x | 1.49x |
| Free cash flow | -2,440.7 | 7,078.2 | 4,955.3 | 7,167.6 | 737.1 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.35 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2024 · Same item across different source documents: 24,202.4 vs 38,964.6 CNY mn (deviation 37.89%, severity high)
Sources:2025年年度报告.pdfvs2024年年度报告.pdf. Two source documents differ by 14,762.2 CNY mn — typical causes are restatement or differing scopes; flagged for analyst review. - 2023 · Cash-flow statement net increase vs balance-sheet cash movement: 5,060.0 vs 5,059.7 CNY mn (deviation 0.0%, severity low)
Sources: 2023年年度报告.pdf p.135 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.127 「货币资金」. CF-statement figure above the balance-sheet movement by 0.2 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2024 · Cash-flow statement net increase vs balance-sheet cash movement: 1,097.7 vs 1,099.5 CNY mn (deviation 0.16%, severity low)
Sources: 2024年年度报告.pdf p.125 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.117 「货币资金」. CF-statement figure below the balance-sheet movement by 1.8 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2025 · Cash-flow statement net increase vs balance-sheet cash movement: 2,647.1 vs 2,635.5 CNY mn (deviation 0.44%, severity low)
Sources: 2025年年度报告.pdf p.132 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.122 「货币资金」. CF-statement figure above the balance-sheet movement by 11.6 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2026Q1 · Cash-flow statement net increase vs balance-sheet cash movement: 3,575.3 vs 3,566.3 CNY mn (deviation 0.25%, severity low)
Sources: 2026年第一季度报告.pdf p.12 「五、现金及现金等价物净增加额」 vs 2026年第一季度报告.pdf p.6 「货币资金」. CF-statement figure above the balance-sheet movement by 9.0 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review.
4 check(s) not run for missing inputs: 前五大应收 vs BS 应收账款; 前五大其他应收 vs BS 其他应收款; 前五大预付 vs BS 预付款项; 授信表内总合计 vs Σ机构行.
Premium tier. The analyst red-flag review and the industry-context commentary (sections 7–8 of the full brief) are not included in this free build. Join the waitlist for early access.
9. Method & provenance
All financial figures above were extracted mechanically from the company's official periodic reports (unit-normalized to CNY). Each key figure carries cell-level provenance — source file, page and original line item. Samples (latest annual period):
| Item | Period | Value (CNY mn) | Source file | Page | Raw line item | Raw value (as filed) |
|---|---|---|---|---|---|---|
| Cash and bank balances | 2025 | 12,820.8 | 2025年年度报告.pdf | 122 | 货币资金 | 12820808745.16 (元) |
| Total assets | 2025 | 43,600.5 | 2025年年度报告.pdf | 123 | 资产总计 | 43600508995.65 (元) |
| Accounts receivable | 2025 | 3,943.9 | 2025年年度报告.pdf | 122 | 应收账款 | 3943876335.94 (元) |
| Fixed assets | 2025 | 3,442.0 | 2025年年度报告.pdf | 122 | 固定资产 | 3442032997.38 (元) |
| Short-term borrowings | 2025 | 2,079.0 | 2025年年度报告.pdf | 123 | 短期借款 | 2078985512.66 (元) |
This brief is built solely on officially filed public disclosures. It is not investment advice, not a credit rating, and not an offer of any service. Figures may contain extraction or caliber effects; verify against the original filings before relying on them.