1. China Stocks

  2. •

    Electronic technology

  3. •

    Electronic equipment/Instruments
Shenzhen VMAX New Energy (Group) Co., Ltd. Class A

Shenzhen VMAX New Energy (Group) Co., Ltd. Class A

SSSE:688612
27.47
CNY
+0.87
(+3.27%)
1.41EPS
20.94P/E
12.40BMarket Cap
Oct 31Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.71
1.17
1.71
1.92
2.39
4.74
10.14
13.96
15.13
15.11
14.86
Basic EPS, GAAP
0.07
0.04
0.19
0.09
0.02
0.21
0.78
1.27
0.95
1.33
1.41
Free Cash Flow per Basic Share
-0.01
-0.02
-0.09
-0.22
-0.15
0.06
-0.72
0.53
1.8
0.97
- -
Dividend per Share
- -
- -
0.07
0.01
0.02
0.03
0.04
0.04
0.86
0.36
1.01
Book Value per Share
0.2
0.39
0.87
1.07
1.11
1.92
2.72
8.03
7.77
8.65
8.58
Tangible Book Value per Share
0.12
0.32
0.79
0.96
0.99
1.77
2.55
7.83
7.57
8.46
8.26
Basic Weighted Avg Shares
364
364
361
379
276
357
378
396
421
420
418
Sales/Revenue/Turnover
257
425
616
729
657
1,695
3,833
5,523
6,372
6,342
6,218
Operating Margin (%)
10.92
6.49
12.86
8.52
5.52
7.9
11.2
11.35
8.55
10.64
11.5
Depreciation Expense
4
5
6
12
18
35
56
92
128
174
- -
Net Income, GAAP
24
16
69
34
6
75
295
502
400
558
591
Effective Tax Rate (%)
11.71
27.29
7.82
28.23
73.87
31.39
11.58
9.41
17.26
14.77
14.12
Profit Margin (%)
9.48
3.85
11.13
4.68
0.84
4.43
7.69
9.1
6.28
8.8
9.51
Working Capital
32
91
198
170
165
394
428
2,393
2,093
2,104
1,811
LT Debt
- -
- -
- -
25
95
159
263
249
227
134
150
Total Equity
72
142
316
391
402
734
1,048
3,395
3,272
3,627
3,595
Return on Invested Capital (%)
- -
12.11
27.18
8.76
1.07
9.28
23.6
18.22
10.61
14.42
15.61
Return on Capital (%)
- -
12.82
28.21
9.29
1.19
10.47
24.43
18.56
10.08
14.18
15.6
Return on Common Equity (%)
- -
15.31
29.93
9.66
1.39
13.27
33.48
22.78
12.04
16.19
17.04

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
329
132
126
LT Borrowings
124
159
142
LT Finance Leases
9
6
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
419
419
419
Market Capitalization
13,821
12,052
12,404

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,261
5,954
5,228
Cash, Cash Equivalents & STI
3,092
2,803
2,601
Accounts Receivable, Net
1,302
1,033
1,068
Inventories
1,086
925
883
Total Current Liabilities
4,157
3,670
3,418
Payables & Accruals
- -
- -
- -
ST Debt
329
132
126
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
71.26%
10.86%
Free Cash Flow
- -
-285.72%
-46.13%
Net Income, GAAP
- -
328.8%
39.51%
Sales/Revenue/Turnover
- -
68.61%
-0.48%
Total Cash Common Dividend
- -
472.07%
-58.4%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,367
1,404
1,589
2,012
6,372
2025
1,353
1,607
- -
1,744
6,342
2026
1,364
1,504
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
0.24
0.19
0.25
0.95
2025
0.24
0.41
- -
0.32
1.33
2026
0.31
0.37
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.56
0.03
0.26
0.86
2025
- -
0.35
- -
0.01
0.36
2026
- -
0.65
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jun Liu
Full Time Employees
4,162
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Shenzhen China
IPO Date
Jul 26, 2023
Website
vmaxpower.com.cn
Similar Companies
Advantest Corp. (TSE:6857)
Unusual Machines, Inc. (AMEX:UMAC)
FuelCell Energy, Inc. (NASDAQ:FCEL)
Lasertec Corp. (TSE:6920)
Hitachi Energy India Limited (NSE:POWERINDIA)
Keysight Technologies Inc. (NYSE:KEYS)
Business
Shenzhen VMAX New Energy (Group) Co., Ltd. is a China-based company primarily engaged in the research, development, manufacturing, and sale of power electronics and electric drive systems for new energy vehicles (NEVs). The company provides a comprehensive portfolio of power conversion and powertrain solutions categorized into on-board power supply systems, comprising on-board chargers (OBC), DC-DC converters, and integrated power assemblies combining OBC, DC-DC, and power distribution units (PDU); electric drive powertrain systems, comprising traction inverters, motor controllers, and integrated multi-in-one electric drive assemblies combining motors, gearboxes, and power electronics; off-board charging equipment and power conversion products, comprising high-power liquid-cooled DC charging modules, bidirectional vehicle-to-grid (V2G) power modules, and energy storage conversion units; and specialized power supply solutions, comprising hydrogen fuel cell DC-DC converters, marine electric propulsion controllers, and industrial auxiliary power supplies. The company primarily serves automotive original equipment manufacturers (OEMs), Tier-1 automotive component suppliers, and electric vehicle charging infrastructure operators across domestic and international markets. Founded in 2005 and headquartered in Shenzhen, Guangdong Province, China, the company maintains research, development, and manufacturing bases across mainland China and distributes products throughout Asia, Europe, and North America. In recent developments, following its public listing on the Shanghai Stock Exchange STAR Market, the company has accelerated the commercialization of its next-generation 800V high-voltage silicon carbide (SiC) integrated on-board power systems and multi-in-one electric drive platforms. Additionally, the company has advanced its global supply chain footprint by establishing overseas manufacturing facilities in Southeast Asia and expanding strategic supply partnerships with major global and domestic passenger and commercial vehicle manufacturers.