Shanghai V-Test Semiconductor Tech. Co., Ltd. (SHA:688372)

SHA:688372 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	460.23	282.83	414.02	251.95	647.98	149.7
Short-Term Investments	-	0.05	0.05	-	50	-
Trading Asset Securities	60.55	130.22	-	110.17	610	-
Cash & Short-Term Investments	520.78	413.1	414.07	362.13	1,308	149.7
Cash Growth	-45.67%	-0.23%	14.34%	-72.31%	773.75%	21.30%
Accounts Receivable	598.81	550.04	359.44	319.51	232.06	135.26
Other Receivables	13.19	12.76	8.53	17.93	16.87	25.4
Receivables	612	562.8	367.97	337.44	248.93	160.66
Inventory	32.2	18.71	10.5	4.69	5.18	6.34
Prepaid Expenses	-	-	1.74	-	-	-
Other Current Assets	728.02	494.37	246.29	150.68	84.96	76.48
Total Current Assets	1,893	1,489	1,041	854.94	1,647	393.18
Property, Plant & Equipment	7,132	5,737	3,588	2,520	1,545	1,097
Long-Term Investments	83.66	83.66	85	85	50	-
Other Intangible Assets	82.69	83.42	39.75	40.94	32.06	10.05
Long-Term Deferred Tax Assets	34.5	29.53	23.03	14.88	2.51	1.27
Long-Term Deferred Charges	57.06	56.06	68.41	71.28	74.31	38.09
Other Long-Term Assets	151.45	248.13	74.33	21.08	34.49	29.58
Total Assets	9,434	7,726	4,919	3,608	3,386	1,569

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	728	86.42	95.91	107.99	20.98	13.37
Accrued Expenses	70.9	75.25	45.67	33.58	32.41	28.96
Short-Term Debt	659.38	462.3	170.55	103.3	135.69	102.91
Current Portion of Long-Term Debt	-	304.13	176.2	108.9	72.5	56.07
Current Portion of Leases	-	11.57	13.21	11.45	63.64	104.55
Current Income Taxes Payable	-	10.15	9.89	3.54	12.09	13.88
Current Unearned Revenue	7.22	10.46	-	-	-	-
Other Current Liabilities	474.14	526.9	274.57	154.24	73.92	75.52
Total Current Liabilities	1,940	1,487	786.01	523.01	411.23	395.26
Long-Term Debt	3,129	3,138	1,356	477.26	476.2	166.67
Long-Term Leases	11.59	14.24	19.62	37.92	70.16	90.49
Long-Term Unearned Revenue	126.02	119.66	138.1	111.25	46.76	17.98
Long-Term Deferred Tax Liabilities	-	-	-	-	1.34	-
Total Liabilities	5,206	4,759	2,300	1,149	1,006	670.4

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	168.09	149.05	113.83	113.37	87.21	65.41
Additional Paid-In Capital	3,188	1,994	1,965	1,897	1,888	672.6
Retained Earnings	871.73	804.86	540.48	448.53	404.66	160.95
Comprehensive Income & Other	-	19.07	-	-	-	-
Shareholders' Equity	4,228	2,967	2,619	2,459	2,380	898.96
Total Liabilities & Equity	9,434	7,726	4,919	3,608	3,386	1,569

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	3,800	3,930	1,736	738.84	818.2	520.69
Net Cash (Debt)	-3,279	-3,517	-1,322	-376.71	489.78	-370.99
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-19.75	-22.74	-8.97	-2.55	4.19	-3.47
Filing Date Shares Outstanding	166.42	149.05	147.99	147.39	147.39	110.54
Total Common Shares Outstanding	166.42	149.05	147.99	147.39	147.39	110.54
Working Capital	-46.64	1.79	254.56	331.93	1,236	-2.08
Book Value Per Share	25.41	19.91	17.70	16.68	16.15	8.13
Tangible Book Value	4,145	2,884	2,579	2,418	2,348	888.9
Tangible Book Value Per Share	24.91	19.35	17.43	16.40	15.93	8.04
Buildings	-	587.38	271.12	19.5	19.5	18.19
Machinery	-	4,758	3,416	2,428	1,542	800.32
Construction In Progress	-	1,585	669.82	514.14	119.44	109.63

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 11, 2026

Data Sources Report a data error