---
title: "VMAX (688612.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/688612.SH/norm.md"
symbol: "688612.SH"
name: "VMAX"
parent: "https://longbridge.com/zh-HK/quote/688612.SH.md"
datetime: "2026-03-17T07:37:08.350Z"
locales:
  - [en](https://longbridge.com/en/quote/688612.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688612.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688612.SH/norm.md)
---

> 支持的語言: [English](https://longbridge.com/en/quote/688612.SH/norm.md) | [简体中文](https://longbridge.com/zh-CN/quote/688612.SH/norm.md)


# VMAX (688612.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.3152 | 0.3596 | 0.4106 | 0.2400 | 0.2502 |
| ROE | 11.01% | 17.91% | 20.47% | 12.20% | 12.63% |
| Revenue | 1.74B | 1.64B | 1.61B | 1.35B | 1.70B |
| Net income | 96.12M | 153.20M | 171.32M | 100.85M | 104.05M |
| Operating income | 154.07M | 205.66M | 179.80M | 108.49M | 82.99M |
| Gross margin | -19.56% | 23.18% | 22.87% | 17.89% | -4.26% |
| Net margin | 5.51% | 9.36% | 10.66% | 7.45% | 6.11% |
| Profit quality | - | 162.12% | 51.13% | 82.38% | 12.43% |

## 資產負債表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 7.86B | 7.69B | 7.43B | 7.69B |
| Leverage | - | 2.25 | 2.29 | 2.22 | 2.35 |
| BVPS | 8.29 | 8.29 | 7.96 | 7.94 | 7.77 |
| Turnover | - | 0.8194 | 0.8599 | 0.8254 | 0.8125 |
| Cash & STI | 2.66B | 2.66B | 2.63B | 2.70B | 2.96B |
| Inv & Rec | - | 964.50M | 919.36M | 788.75M | 885.63M |
| LT assets | - | 1.38B | 1.33B | 1.28B | 1.26B |
| Net debt | -2.32B | -2.32B | -2.25B | -2.29B | -2.38B |

## 現金流量表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | 126.86M | 351.63M | 131.71M | 667.52M |
| Investing CF | - | -146.81M | 253.78M | 380.59M | -565.10M |
| Financing CF | - | -114.18M | -161.48M | -242.10M | -312.02M |
| Free CF | - | -105.49M | 106.05M | -152.36M | 681.18M |
| OCF coverage | - | 35.22% | 122.17% | 41.80% | 220.58% |
| Repaid & issued | - | 133.42M | 10.51M | 10.10M | 24.70M |
| CapEx | - | -131.44M | -119.46M | -93.76M | -66.70M |

## 分紅方案

**股息率**: 1.19

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.357CNY | 2025-06-06 | 2025-06-09 | 2025-06-09 |
| Cash Dividend: 
0.257CNY | 2024-11-07 | 2024-11-08 | 2024-11-08 |
| Cash Dividend: 
0.6CNY | 2024-05-31 | 2024-06-03 | 2024-06-03 |