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

China · Delayed Price · Currency is CNY

32.94

-0.24 (-0.72%)

Sep 30, 2026, 4:00 PM EDT

Shenzhen VMAX New Energy Financials Overview

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

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

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
Revenue	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	1,353	1,287	1,097	998	725.77	357.43
Operating Income	588.46	582.45	413.66	535.62	339.69	94.81
Net Income	572.94	558.32	400.18	502.4	294.71	75.04
Earnings Per Share	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

Fiscal Year	TTM	FY 2025
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025
China	5,760	5,844
Overseas	278.61	287.14
Total	6,039	6,131

Cash & Debt

Fiscal Year	Current	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 & Investments	2,601	3,092	2,963	2,706	538.95	358.21
Total Debt	276.25	462.9	579.66	620.39	517.28	234.15
Net Cash (Debt)	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	5.56	6.26	5.66	5.27	0.06	0.35

Cash Flow & CapEx

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

Margins

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
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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Oct '26 Oct 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.660	0.660	0.616	0.600
Dividend Per Share Growth	7.14%	7.14%	2.67%	-
Dividend Yield	2.00%	2.04%	2.70%	1.64%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 7, 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
PE Ratio	24.05	24.75	24.76	32.64	-	-
Forward PE	21.53	15.91	14.99	24.99	-	-
P/FCF Ratio	1097.78	33.82	13.06	78.30	-	-
PS Ratio	2.21	2.18	1.56	2.97	-	-