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Shenzhen VMAX New Energy Co., Ltd. (SHA:688612)
China flag China · Delayed Price · Currency is CNY
38.60
-0.18 (-0.46%)
At close: Sep 7, 2026

Shenzhen VMAX New Energy Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
572.94558.32400.18502.4294.7175.04
Depreciation & Amortization
162.73162.35128.4791.956.0735.46
Other Amortization
42.8138.0926.8616.736.892.65
Loss (Gain) From Sale of Assets
-2.85-2.84-0.3918.660.290.03
Asset Writedown & Restructuring Costs
0.931.340.061.310.0225.51
Loss (Gain) From Sale of Investments
-14.47-28.46-15.90.990.821.01
Provision & Write-off of Bad Debts
-8.925.739.5330.6432.14-
Other Operating Activities
55.2342.3759.6236.6765.37-0.11
Change in Accounts Receivable
1,269205.29-326.25-473.87-612.98-573.42
Change in Inventory
29.05-241.74273.11-173.87-497.11-343.47
Change in Accounts Payable
-1,46777.59434.04666.54740.18918.14
Change in Other Net Operating Assets
13.1113.118.938.768.6114.1
Operating Cash Flow
659.22831.251,027727.3996.35154.6
Operating Cash Flow Growth
-55.96%-19.09%41.24%654.95%-37.68%269.03%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-646.64-422.56-268.72-518-367.05-132.3
Sale of Property, Plant & Equipment
0.160.010.810.160.040.01
Cash Acquisitions
----5.18--14.83
Investment in Securities
-236325.4-1,878-1,17743-37.63
Other Investing Activities
-52.8630.821,3002.610.7-130.99
Investing Cash Flow
-935.35-66.32-846-1,697-323.31-315.74

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-434.48269.7544.8438.99274.67
Total Debt Issued
443.83434.48269.7544.8438.99274.67
Long-Term Debt Repaid
--540.51-275.66-451.02-199.56-214.71
Total Debt Repaid
-322.76-540.51-275.66-451.02-199.56-214.71
Net Debt Issued (Repaid)
121.07-106.03-5.9693.77239.4359.96
Issuance of Common Stock
10.5910.59-1,877-245
Repurchase of Common Stock
-45.1-45.1-35.3---
Common Dividends Paid
-275.98-151.19-363.4-15.25-14.21-10.51
Other Financing Activities
-47.78-29.87-74-44.394.6-7.86
Financing Cash Flow
-237.2-321.6-478.671,911229.82286.59

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-6.150.695.973.38-0.28-0.13
Net Cash Flow
-519.48444.02-291.36944.062.57125.32

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
12.58408.69758.61209.39-270.722.3
Free Cash Flow Growth
-98.92%-46.13%262.29%---
Free Cash Flow Margin
0.20%6.44%11.91%3.79%-7.06%1.31%
Free Cash Flow Per Share
0.030.971.800.53-0.720.06
Levered Free Cash Flow
206.21288.48724.568.46-126.27-26.88
Unlevered Free Cash Flow
208.08292.69730.6318.63-115.91-24.15

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
260.04241.26186.443.7239.9131.29
Change in Working Capital
-156.2854.39388.928.1-359.9415