Shenzhen VMAX New Energy Co., Ltd. (SHA:688612)
China · Delayed Price · Currency is CNY 30.93
+0.04 (0.13%)
At close: Feb 12, 2026
Shenzhen VMAX New Energy Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Operating Revenue | 6,342 | 6,062 | 5,117 | 3,613 | 1,695 |
Other Revenue | - | - | - | 219.38 | - |
| 6,342 | 6,062 | 5,117 | 3,833 | 1,695 | |
Revenue Growth (YoY) | 4.62% | 18.48% | 33.50% | 126.11% | 157.92% |
Cost of Revenue | 5,694 | 5,275 | 4,525 | 3,107 | 1,338 |
Gross Profit | 648.02 | 786.66 | 591.94 | 725.77 | 357.43 |
Selling, General & Admin | - | 246.36 | 189.8 | 182.91 | 123.4 |
Research & Development | - | 385.29 | 268.98 | 191.41 | 145.72 |
Other Operating Expenses | - | -345.83 | -433.11 | -20.38 | -17.95 |
Operating Expenses | - | 325.35 | 56.32 | 386.07 | 262.62 |
Operating Income | 648.02 | 461.31 | 535.62 | 339.69 | 94.81 |
Interest Expense | - | -9.71 | -16.26 | -16.58 | -4.36 |
Interest & Investment Income | - | 25.62 | 16.99 | 4.36 | 0.91 |
Currency Exchange Gain (Loss) | - | -10.31 | 0.11 | -18.28 | - |
Other Non Operating Income (Expenses) | -1.68 | -3.63 | -1.5 | -1.85 | 0.22 |
EBT Excluding Unusual Items | 646.34 | 463.27 | 534.95 | 307.35 | 91.59 |
Gain (Loss) on Sale of Investments | - | 11.96 | -0.99 | -0.82 | -1.01 |
Gain (Loss) on Sale of Assets | - | 0.39 | -18.66 | -0.29 | -0.03 |
Asset Writedown | - | -0.06 | -1.31 | -0.02 | -0.44 |
Other Unusual Items | - | 22.09 | 39.82 | 25.97 | 13.92 |
Pretax Income | 646.34 | 497.64 | 553.81 | 332.2 | 104.03 |
Income Tax Expense | 89.21 | 85.87 | 52.11 | 38.48 | 32.66 |
Earnings From Continuing Operations | 557.13 | 411.77 | 501.7 | 293.72 | 71.37 |
Minority Interest in Earnings | - | -11.58 | 0.7 | 0.99 | 3.67 |
Net Income | 557.13 | 400.18 | 502.4 | 294.71 | 75.04 |
Net Income to Common | 557.13 | 400.18 | 502.4 | 294.71 | 75.04 |
Net Income Growth | 39.22% | -20.34% | 70.47% | 292.72% | 1261.64% |
Shares Outstanding (Basic) | 419 | 421 | 396 | 378 | 357 |
Shares Outstanding (Diluted) | 419 | 421 | 396 | 378 | 357 |
Shares Change (YoY) | -0.56% | 6.49% | 4.70% | 5.73% | 29.68% |
EPS (Basic) | 1.33 | 0.95 | 1.27 | 0.78 | 0.21 |
EPS (Diluted) | 1.33 | 0.95 | 1.27 | 0.78 | 0.21 |
EPS Growth | 40.00% | -25.20% | 62.82% | 271.43% | 950.00% |
Free Cash Flow | - | 758.61 | 209.39 | -270.7 | 22.3 |
Free Cash Flow Per Share | - | 1.80 | 0.53 | -0.72 | 0.06 |
Dividend Per Share | - | 0.616 | 0.600 | - | - |
Dividend Growth | - | 2.67% | - | - | - |
Gross Margin | 10.22% | 12.98% | 11.57% | 18.94% | 21.09% |
Operating Margin | 10.22% | 7.61% | 10.47% | 8.86% | 5.59% |
Profit Margin | 8.79% | 6.60% | 9.82% | 7.69% | 4.43% |
Free Cash Flow Margin | - | 12.51% | 4.09% | -7.06% | 1.31% |
EBITDA | 748.81 | 562.1 | 627.51 | 382.96 | 122.88 |
EBITDA Margin | 11.81% | 9.27% | 12.26% | 9.99% | 7.25% |
D&A For EBITDA | 100.79 | 100.79 | 91.9 | 43.27 | 28.07 |
EBIT | 648.02 | 461.31 | 535.62 | 339.69 | 94.81 |
EBIT Margin | 10.22% | 7.61% | 10.47% | 8.86% | 5.59% |
Effective Tax Rate | 13.80% | 17.26% | 9.41% | 11.58% | 31.39% |
Revenue as Reported | - | 6,372 | 5,523 | 3,833 | - |
Advertising Expenses | - | - | 3.25 | 0.15 | - |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.