Shanghai V-Test Semiconductor Tech. Co., Ltd. (SHA:688372)
China · Delayed Price · Currency is CNY 107.83
-4.33 (-3.86%)
At close: Sep 11, 2026
SHA:688372 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 361.43 | 303.2 | 128.23 | 118 | 243.63 | 132.18 |
Depreciation & Amortization | 577.61 | 469.98 | 333.74 | 226.33 | 149.8 | 86.48 |
Other Amortization | 15.55 | 13.6 | 8.56 | 8.78 | 7.98 | 3.33 |
Loss (Gain) From Sale of Assets | 3.57 | -33.79 | -0.86 | -1.85 | -0.85 | -0.2 |
Asset Writedown & Restructuring Costs | 12.97 | 12.06 | - | - | - | -0 |
Loss (Gain) From Sale of Investments | -3.94 | -5.14 | -3.07 | -14.19 | -0.9 | -0.23 |
Stock-Based Compensation | 34.61 | 37.87 | 54.73 | 34.64 | - | - |
Provision & Write-off of Bad Debts | 9.76 | 9.08 | 2.35 | 4.28 | 3.98 | 3.49 |
Other Operating Activities | 75.69 | 66.19 | 36.92 | 42.09 | 41.77 | 18.71 |
Change in Accounts Receivable | -263.76 | -251.36 | -38.35 | -103.29 | -94.48 | -85.1 |
Change in Inventory | -25 | -8.21 | -5.81 | 0.49 | 1.16 | -2.71 |
Change in Accounts Payable | 127.39 | 99.54 | 113.49 | 160.98 | 147.46 | 97.22 |
Operating Cash Flow | 914.13 | 706.08 | 621.81 | 462.55 | 499.74 | 252.32 |
Operating Cash Flow Growth | 20.46% | 13.55% | 34.43% | -7.44% | 98.06% | 234.43% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -3,604 | -2,946 | -1,483 | -1,222 | -802.42 | -673.95 |
Sale of Property, Plant & Equipment | 43.69 | 115.3 | 4.72 | 2.15 | 10.13 | 2.24 |
Investment in Securities | 289.42 | -80 | 59.95 | 515 | -710 | 29.99 |
Other Investing Activities | 11.94 | 7.27 | -3.32 | 19.2 | 33.63 | 0.23 |
Investing Cash Flow | -3,259 | -2,903 | -1,421 | -685.21 | -1,469 | -641.49 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,711 | 1,336 | 267.67 | 698.82 | 414.32 |
Long-Term Debt Repaid | - | -689.31 | -367.77 | -336.02 | -442.36 | -178.64 |
Lease Payments | - | - | - | - | -163.95 | -120.09 |
Net Debt Issued (Repaid) | 2,341 | 1,021 | 968.29 | -68.35 | 256.46 | 235.68 |
Issuance of Common Stock | 21.64 | 23.95 | 13.73 | - | 1,341 | 200 |
Common Dividends Paid | -162.17 | -91.23 | -69.73 | -104.27 | -21.56 | -8.79 |
Other Financing Activities | -0.25 | 1,165 | -1.74 | - | -102.71 | 12.67 |
Financing Cash Flow | 2,200 | 2,119 | 910.56 | -172.62 | 1,473 | 439.56 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -2.82 | -1.51 | -0.34 | -0.74 | 0.46 | -0.53 |
Net Cash Flow | -147.68 | -80.02 | 110.6 | -396.03 | 504.68 | 49.87 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -2,690 | -2,240 | -860.97 | -759.01 | -302.69 | -421.63 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -133.68% | -142.25% | -79.95% | -103.05% | -41.29% | -85.50% |
Free Cash Flow Per Share | -16.20 | -14.48 | -5.84 | -5.15 | -2.59 | -3.94 |
Levered Free Cash Flow | -2,579 | -2,434 | -1,023 | -901.38 | -609.36 | -581.31 |
Unlevered Free Cash Flow | -2,533 | -2,394 | -999.58 | -880.71 | -588.52 | -569.95 |
Free Cash Flow After Leases | -2,690 | -2,240 | -860.97 | -759.01 | -466.64 | -541.71 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 31.05 | 31.05 | -17.36 | -37.81 | -78.37 | 2.18 |
Change in Working Capital | -173.13 | -166.97 | 61.2 | 44.46 | 54.33 | 8.57 |