Shenzhen VMAX New Energy Co., Ltd. (SHA:688612)

Shenzhen VMAX New Energy Financials Overview

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

Revenue & Profits

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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
Revenue Revenue Growth	6,249	6,342	6,372	5,523	3,833	1,695
Revenue Growth	-4.76%	-0.48%	15.39%	44.09%	126.11%	157.92%
Gross Profit Gross Profit Growth	1,353	1,287	1,097	998	725.77	357.43
Operating Income Operating Income Growth	588.46	582.45	413.66	535.62	339.69	94.81
Net Income Net Income Growth	572.94	558.32	400.18	502.4	294.71	75.04
Earnings Per Share EPS Growth	1.37	1.33	0.95	1.27	0.78	0.21
EPS Growth	25.73%	40.00%	-25.20%	62.82%	271.43%	950.00%

Revenue by Geography

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Fiscal Year	FY 2025
Period Ending	Dec 31, 2025
China China Growth	5,844
Overseas Overseas Growth	287.14
Total Total Growth	6,131

Cash & Debt

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Fiscal Year	Current	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 & Investments Cash & Investments Growth	2,601	3,092	2,963	2,706	538.95	358.21
Total Debt Total Debt Growth	276.25	462.9	579.66	620.39	517.28	234.15
Net Cash (Debt) Net Cash Growth	2,325	2,629	2,383	2,085	21.67	124.06
Net Cash Growth	3.19%	10.32%	14.29%	9523.65%	-82.53%	-
Net Cash Per Share Net Cash Per Share Growth	5.56	6.26	5.66	5.27	0.06	0.35

Cash Flow & CapEx

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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
Operating Cash Flow Operating Cash Flow Growth	659.22	831.25	1,027	727.39	96.35	154.6
Capital Expenditures CapEx Growth	-646.64	-422.56	-268.72	-518	-367.05	-132.3
Free Cash Flow Free Cash Flow Growth	12.58	408.69	758.61	209.39	-270.7	22.3
Free Cash Flow Growth	-98.92%	-46.13%	262.29%	-	-	-

Margins

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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
Gross Margin	21.66%	20.30%	17.22%	18.07%	18.94%	21.09%
Operating Margin	9.42%	9.18%	6.49%	9.70%	8.86%	5.59%
Pretax Margin	10.79%	10.34%	7.81%	10.03%	8.67%	6.14%
Profit Margin	9.17%	8.80%	6.28%	9.10%	7.69%	4.43%
FCF Margin	0.20%	6.44%	11.91%	3.79%	-7.06%	1.31%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Sep 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Dividend Per Share Dividend Per Share Growth	0.660	0.660	0.616	0.600
Dividend Per Share Growth	7.14%	7.14%	2.67%	-
Dividend Yield	1.83%	2.04%	2.70%	1.64%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	28.31	24.75	24.76	32.64	-	-
Forward PE	25.35	15.91	14.99	24.99	-	-
P/FCF Ratio	1292.40	33.82	13.06	78.30	-	-
PS Ratio	2.60	2.18	1.56	2.97	-	-

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 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 7, 2026

Data Sources Report a data error