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

Shenzhen VMAX New Energy Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	873.37	1,576	1,557	532.93	277	145.11
Short-Term Investments	-	-	-	6.02	81.21	-
Trading Asset Securities	260.11	1,387	1,149	-	-	-
Cash & Short-Term Investments	1,133	2,963	2,706	538.95	358.21	145.11
Cash Growth	-51.14%	9.51%	402.02%	50.46%	146.84%	0.20%
Accounts Receivable	1,038	2,215	1,873	1,463	846.47	392
Other Receivables	251.45	24.86	25.22	44.13	8.89	7.93
Receivables	1,290	2,240	1,898	1,508	855.36	399.93
Inventory	1,739	885.63	1,165	1,001	523.83	189.37
Prepaid Expenses	-	-	-	-	0.05	0.08
Other Current Assets	130.03	52.97	106.93	48.18	39.83	12.82
Total Current Assets	4,292	6,142	5,875	3,096	1,777	747.31
Property, Plant & Equipment	554.19	1,259	996.48	669.35	328.96	222.36
Long-Term Investments	12.72	113.75	103.85	114.84	97.17	60.77
Goodwill	-	5.36	5.36	4.16	4.16	-
Other Intangible Assets	50.15	75.91	78.36	61.77	55.47	43.41
Long-Term Deferred Tax Assets	76.45	0.69	0.24	0.07	-	-
Long-Term Deferred Charges	7.54	26.44	41.71	28.01	6.85	3.77
Other Long-Term Assets	49.2	67.57	129.38	84.76	50.95	13.27
Total Assets	5,042	7,691	7,231	4,058	2,321	1,091
Accounts Payable	733.92	3,197	2,694	2,061	1,183	436.58
Accrued Expenses	42.75	170.07	162.66	120.78	59.45	29.43
Short-Term Debt	505.34	289.25	323.53	234.3	74.87	81.1
Current Portion of Long-Term Debt	5.3	45.53	36.07	0.27	-	-
Current Portion of Leases	5.77	17.82	11.88	19.4	-	-
Current Income Taxes Payable	3.93	23.97	28.12	5.64	10.06	7.51
Current Unearned Revenue	900.44	131.48	109.31	104.5	40.82	14.67
Other Current Liabilities	106.62	173.37	117.14	120.89	15.19	6.63
Total Current Liabilities	2,304	4,049	3,482	2,667	1,383	575.91
Long-Term Debt	56.89	205.38	243.46	249.25	153.58	87.23
Long-Term Leases	24.77	21.68	5.45	14.07	5.69	-
Long-Term Unearned Revenue	13.56	52.31	26.77	28.51	25.95	25.46
Long-Term Deferred Tax Liabilities	-	3.13	3.61	2.9	3.14	-
Other Long-Term Liabilities	5.64	87.1	74.52	48.15	15.49	-
Total Liabilities	2,405	4,418	3,836	3,010	1,587	688.6
Common Stock	138.53	420.96	420.96	378.86	378.86	364
Additional Paid-In Capital	1,740	2,071	2,064	261.38	253.64	16.79
Retained Earnings	698.77	800.66	893.68	391.29	96.53	21.49
Treasury Stock	-	-22.34	-	-	-	-
Comprehensive Income & Other	-1.6	-0.24	-	-	-	-
Total Common Equity	2,576	3,270	3,378	1,032	729.02	402.28
Minority Interest	61.61	2.37	16.19	16.97	4.73	-
Shareholders' Equity	2,637	3,272	3,395	1,048	733.75	402.28
Total Liabilities & Equity	5,042	7,691	7,231	4,058	2,321	1,091
Total Debt	598.06	579.66	620.39	517.28	234.15	168.32
Net Cash (Debt)	535.42	2,383	2,085	21.67	124.06	-23.21
Net Cash Growth	-68.38%	14.29%	9523.65%	-82.53%	-	-
Net Cash Per Share	1.27	5.66	5.27	0.06	0.35	-0.08
Filing Date Shares Outstanding	420.96	420.96	420.96	378.86	357.35	275.56
Total Common Shares Outstanding	420.96	420.96	420.96	378.86	357.35	275.56
Working Capital	1,988	2,093	2,393	428.42	394.04	171.39
Book Value Per Share	6.12	7.77	8.03	2.72	2.04	1.46
Tangible Book Value	2,526	3,189	3,295	965.6	669.39	358.87
Tangible Book Value Per Share	6.00	7.57	7.83	2.55	1.87	1.30
Buildings	393.94	434.31	406.07	195.42	-	-
Machinery	275.41	910.24	655.93	380.63	-	-
Construction In Progress	53.64	131.97	60.69	144.14	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.