PerpEquities

Equity · Technology

Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) perpetual futures

SHTECH perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SHTECHUSDT.

Victory Giant Technology (Huizhou) Co., Ltd. tracked across crypto venues with normalized contract specifications.

$34.66-4.8%
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Price chart

 

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Collecting venue price data...
venue perp mark · Gate.io (SHTECH/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$11.3K
Open interest
$66.8K
Best liquidity
-
Tightest spread
+40.4 bps
Gate.io
Highest volume
$11.3K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $883.7M
OI / float
0.00%
Float $21.4B
Spot performance
1D-4.75%
5D+1.76%
1M-5.02%
6M-12.54%
YTD-19.09%
1Y-24.31%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeSHTECH/USDTTrading$34.660.0% APR
0.000% every 8h
+40.4 bps-$11.3K$66.8KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

SHTECH

Highest volume

SHTECH

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$30.2B
Updated 1h ago
Revenue
$3.3B
Trailing 12 months
Revenue growth
+66%
Next fiscal year
Profit margin
+23.0%
P/E
41.3
Peer P/E 37.0
Free cash flow
-$774.6M
Trailing 12 months
More metrics
Net income
$747.6M
Trailing 12 months
P/S
9.3
Peer P/E
37.0
Similar listed perps
Revenue estimate
$4.8B
Next fiscal year
Earnings
2026-10-28
Revenue est. $1.3B · Updated 1h ago
Dividend
¥1.995
2026-04-15

Fundamental detail

Annual + quarterly
Latest revenue$2.9B
Net margin+22.4%
Free cash flow-$299.6M
Net debt$322.8M
2020$832.9M
2021$1.1B
2022$1.2B
2023$1.2B
2024$1.6B
2025$2.9B
PeriodRevenueGrowthNet incomeFCF
2020$832.9M+44%$77.2M-$169.3M
2021$1.1B+33%$99.7M-$110.8M
2022$1.2B+6%$117.6M$26.7M
2023$1.2B+1%$99.9M$94.5M
2024$1.6B+35%$171.7M$78M
2025$2.9B+80%$641.4M-$299.6M
PeriodGross marginOperating marginNet marginROEROA
2020+23.6%+10.6%+9.3%+13.9%+5.4%
2021+20.1%+9.9%+9.0%+10.7%+5.0%
2022+17.8%+11.5%+10.0%+11.4%+5.5%
2023+20.5%+9.6%+8.5%+8.8%+3.9%
2024+22.5%+12.0%+10.8%+12.9%+6.0%
2025+35.0%+26.2%+22.4%+25.9%+12.2%
PeriodCashDebtNet debtCurrent ratio
2020$67.3M$324.8M$257.5M0.79
2021$86.2M$332.1M$245.9M0.95
2022$162.9M$503.4M$340.5M0.93
2023$318.5M$720.7M$402.2M0.96
2024$247.2M$539.1M$291.8M1.07
2025$487.8M$810.6M$322.8M0.96
PeriodMarket capEnterprise valueP/SP/E
2020$2.5B$2.7B3.032.2
2021$3.5B$3.8B3.235.2
2022$1.7B$2B1.414.1
2023$2.3B$2.7B2.023.4
2024$5.4B$5.7B3.431.4
2025$36.8B$37.1B12.857.4
Q3 2024$422.8M
Q4 2024$451.3M
Q1 2025$641.5M
Q2 2025$701.9M
Q3 2025$756.6M
Q4 2025$769.8M
Q1 2026$821M
Q2 2026$908.8M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$422.8M+37%$45.5M$28.2M
Q4 2024$451.3M+39%$58M$8.8M
Q1 2025$641.5M+80%$136.9M-$45.6M
Q2 2025$701.9M+92%$181.8M-$98.6M
Q3 2025$756.6M+79%$163.9M-$44.7M
Q4 2025$769.8M+71%$158.7M-$110.7M
Q1 2026$821M+28%$191.7M-$216.8M
Q2 2026$908.8M+29%$233.3M-$402.4M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+22.1%+11.3%+10.8%+3.7%+1.7%
Q4 2024+25.1%+14.5%+12.8%+4.4%+2.0%
Q1 2025+33.4%+25.3%+21.3%+9.3%+4.4%
Q2 2025+38.2%+29.1%+25.9%+11.2%+5.2%
Q3 2025+35.2%+26.2%+21.7%+7.3%+3.6%
Q4 2025+32.8%+25.1%+20.6%+6.4%+3.0%
Q1 2026+34.5%+27.2%+23.3%+7.4%+3.3%
Q2 2026+31.5%+24.7%+25.7%+4.1%+2.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$246.9M$567.4M$320.5M1.01
Q4 2024$247.2M$539.1M$291.8M1.07
Q1 2025$197.8M$503.1M$305.3M1.18
Q2 2025$174.9M$589.4M$414.6M1.18
Q3 2025$474.7M$1.3B$798.6M1.19
Q4 2025$487.8M$810.6M$322.8M0.96
Q1 2026$564.4M$1.8B$1.3B0.92
Q2 2026$903.3M$2.1B$1.2B1.94
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$5.1B$5.4B12.027.9
Q4 2024$5.4B$5.7B12.023.2
Q1 2025$10.4B$10.7B16.218.9
Q2 2025$17.2B$17.6B24.523.7
Q3 2025$36.8B$37.6B48.656.2
Q4 2025$37.1B$37.4B48.258.5
Q1 2026$32.5B$33.8B39.642.4
Q2 2026$48.7B$49.9B53.652.2

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$908.8MQ2 2026
$227.2M$454.4M$681.6M$908.8MQ3 2023: $308.5MQ4 2023: $325.4MQ1 2024: $355.7MQ2 2024: $366.5MQ3 2024: $422.8MQ4 2024: $451.3MQ1 2025: $641.5MQ2 2025: $701.9MQ3 2025: $756.6MQ4 2025: $769.8MQ1 2026: $821MQ2 2026: $908.8MQ3 2023Q2 2026
Net income$233.3MQ2 2026
$58.3M$116.6M$175M$233.3MQ3 2023: $35.9MQ4 2023: $12.7MQ1 2024: $31.2MQ2 2024: $37.1MQ3 2024: $45.5MQ4 2024: $58MQ1 2025: $136.9MQ2 2025: $181.8MQ3 2025: $163.9MQ4 2025: $158.7MQ1 2026: $191.7MQ2 2026: $233.3MQ3 2023Q2 2026
EBITDA$273.4MQ2 2026
$68.3M$136.7M$205M$273.4MQ3 2023: $63.7MQ4 2023: $50.5MQ1 2024: $58.8MQ2 2024: $72.6MQ3 2024: $74.6MQ4 2024: $94MQ1 2025: $195.5MQ2 2025: $235.8MQ3 2025: $236MQ4 2025: $225.3MQ1 2026: $265.6MQ2 2026: $273.4MQ3 2023Q2 2026
Free cash flow-$402.4MQ2 2026
-$286.8M-$171.2M-$55.6M$60MQ3 2023: $19.1MQ4 2023: $60MQ1 2024: -$5MQ2 2024: $46.4MQ3 2024: $28.2MQ4 2024: $8.8MQ1 2025: -$45.6MQ2 2025: -$98.6MQ3 2025: -$44.7MQ4 2025: -$110.7MQ1 2026: -$216.8MQ2 2026: -$402.4MQ3 2023Q2 2026
EPS$0.25Q2 2026
$0.06$0.12$0.19$0.25Q3 2023: $0.04Q4 2023: $0.01Q1 2024: $0.04Q2 2024: $0.04Q3 2024: $0.05Q4 2024: $0.07Q1 2025: $0.16Q2 2025: $0.21Q3 2025: $0.19Q4 2025: $0.18Q1 2026: $0.22Q2 2026: $0.25Q3 2023Q2 2026
Cash / Debt$903.3MQ2 2026
$536.3M$1.1B$1.6B$2.1BQ3 2023 · Cash: $408.5MQ3 2023 · Debt: $582.6MQ4 2023 · Cash: $318.5MQ4 2023 · Debt: $720.7MQ1 2024 · Cash: $271.5MQ1 2024 · Debt: $636.7MQ2 2024 · Cash: $268.8MQ2 2024 · Debt: $593.1MQ3 2024 · Cash: $246.9MQ3 2024 · Debt: $567.4MQ4 2024 · Cash: $247.2MQ4 2024 · Debt: $539.1MQ1 2025 · Cash: $197.8MQ1 2025 · Debt: $503.1MQ2 2025 · Cash: $174.9MQ2 2025 · Debt: $589.4MQ3 2025 · Cash: $474.7MQ3 2025 · Debt: $1.3BQ4 2025 · Cash: $487.8MQ4 2025 · Debt: $810.6MQ1 2026 · Cash: $564.4MQ1 2026 · Debt: $1.8BQ2 2026 · Cash: $903.3MQ2 2026 · Debt: $2.1BQ3 2023Q2 2026
CashDebt
Profitability+31.5%Q2 2026
+9.5%+19.1%+28.6%+38.2%Q3 2023 · Gross margin: +23.4%Q4 2023 · Gross margin: +16.3%Q1 2024 · Gross margin: +19.5%Q2 2024 · Gross margin: +23.0%Q3 2024 · Gross margin: +22.1%Q4 2024 · Gross margin: +25.1%Q1 2025 · Gross margin: +33.4%Q2 2025 · Gross margin: +38.2%Q3 2025 · Gross margin: +35.2%Q4 2025 · Gross margin: +32.8%Q1 2026 · Gross margin: +34.5%Q2 2026 · Gross margin: +31.5%Q3 2023 · Operating margin: +13.3%Q4 2023 · Operating margin: +5.6%Q1 2024 · Operating margin: +10.6%Q2 2024 · Operating margin: +11.0%Q3 2024 · Operating margin: +11.3%Q4 2024 · Operating margin: +14.5%Q1 2025 · Operating margin: +25.3%Q2 2025 · Operating margin: +29.1%Q3 2025 · Operating margin: +26.2%Q4 2025 · Operating margin: +25.1%Q1 2026 · Operating margin: +27.2%Q2 2026 · Operating margin: +24.7%Q3 2023 · Net margin: +11.6%Q4 2023 · Net margin: +3.9%Q1 2024 · Net margin: +8.8%Q2 2024 · Net margin: +10.1%Q3 2024 · Net margin: +10.8%Q4 2024 · Net margin: +12.8%Q1 2025 · Net margin: +21.3%Q2 2025 · Net margin: +25.9%Q3 2025 · Net margin: +21.7%Q4 2025 · Net margin: +20.6%Q1 2026 · Net margin: +23.3%Q2 2026 · Net margin: +25.7%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+29.5%Q2 2026
+22.9%+45.8%+68.6%+91.5%Q3 2024: +37.1%Q4 2024: +38.7%Q1 2025: +80.3%Q2 2025: +91.5%Q3 2025: +79.0%Q4 2025: +70.6%Q1 2026: +28.0%Q2 2026: +29.5%Q3 2023Q2 2026
Shares outstanding944.8MQ2 2026
236.2M472.4M708.6M944.8MQ3 2023: 862.7MQ4 2023: 858.7MQ1 2024: 873.4MQ2 2024: 859.3MQ3 2024: 859.3MQ4 2024: 861.5MQ1 2025: 860.4MQ2 2025: 858.6MQ3 2025: 866.2MQ4 2025: 867.6MQ1 2026: 870.6MQ2 2026: 944.8MQ3 2023Q2 2026
Valuation52.2Q2 2026
14.629.243.858.5Q3 2023 · P/E: 20.0Q4 2023 · P/E: 45.7Q1 2024 · P/E: 25.5Q2 2024 · P/E: 29.0Q3 2024 · P/E: 27.9Q4 2024 · P/E: 23.2Q1 2025 · P/E: 18.9Q2 2025 · P/E: 23.7Q3 2025 · P/E: 56.2Q4 2025 · P/E: 58.5Q1 2026 · P/E: 42.4Q2 2026 · P/E: 52.2Q3 2023 · P/S: 9.3Q4 2023 · P/S: 7.2Q1 2024 · P/S: 8.9Q2 2024 · P/S: 11.7Q3 2024 · P/S: 12.0Q4 2024 · P/S: 12.0Q1 2025 · P/S: 16.2Q2 2025 · P/S: 24.5Q3 2025 · P/S: 48.6Q4 2025 · P/S: 48.2Q1 2026 · P/S: 39.6Q2 2026 · P/S: 53.6Q3 2023Q2 2026
P/EP/S
Revenue$2.9B2025
$717.4M$1.4B$2.2B$2.9B2018: $491.5M2019: $577.8M2020: $832.9M2021: $1.1B2022: $1.2B2023: $1.2B2024: $1.6B2025: $2.9B20182025
Net income$641.4M2025
$160.4M$320.7M$481.1M$641.4M2018: $56.6M2019: $68.8M2020: $77.2M2021: $99.7M2022: $117.6M2023: $99.9M2024: $171.7M2025: $641.4M20182025
EBITDA$899.7M2025
$224.9M$449.8M$674.8M$899.7M2018: $97.8M2019: $110M2020: $155.6M2021: $183.7M2022: $209.7M2023: $211M2024: $307.1M2025: $899.7M20182025
Free cash flow-$299.6M2025
-$201.1M-$102.6M-$4M$94.5M2018: -$98.2M2019: -$110.3M2020: -$169.3M2021: -$110.8M2022: $26.7M2023: $94.5M2024: $78M2025: -$299.6M20182025
EPS$0.742025
$0.19$0.37$0.56$0.742018: $0.072019: $0.092020: $0.12021: $0.132022: $0.142023: $0.122024: $0.22025: $0.7420182025
Cash / Debt$487.8M2025
$202.7M$405.3M$608M$810.6M2018 · Cash: $100.4M2018 · Debt: $44.6M2019 · Cash: $52.9M2019 · Debt: $120.2M2020 · Cash: $67.3M2020 · Debt: $324.8M2021 · Cash: $86.2M2021 · Debt: $332.1M2022 · Cash: $162.9M2022 · Debt: $503.4M2023 · Cash: $318.5M2023 · Debt: $720.7M2024 · Cash: $247.2M2024 · Debt: $539.1M2025 · Cash: $487.8M2025 · Debt: $810.6M20182025
CashDebt
Profitability+35.0%2025
+8.8%+17.5%+26.3%+35.0%2018 · Gross margin: +27.5%2019 · Gross margin: +25.6%2020 · Gross margin: +23.6%2021 · Gross margin: +20.1%2022 · Gross margin: +17.8%2023 · Gross margin: +20.5%2024 · Gross margin: +22.5%2025 · Gross margin: +35.0%2018 · Operating margin: +15.0%2019 · Operating margin: +13.4%2020 · Operating margin: +10.6%2021 · Operating margin: +9.9%2022 · Operating margin: +11.5%2023 · Operating margin: +9.6%2024 · Operating margin: +12.0%2025 · Operating margin: +26.2%2018 · Net margin: +11.5%2019 · Net margin: +11.9%2020 · Net margin: +9.3%2021 · Net margin: +9.0%2022 · Net margin: +10.0%2023 · Net margin: +8.5%2024 · Net margin: +10.8%2025 · Net margin: +22.4%20182025
Gross marginOperating marginNet margin
Revenue growth+79.8%2025
+19.9%+39.9%+59.8%+79.8%2019: +17.6%2020: +44.1%2021: +32.7%2022: +6.1%2023: +0.6%2024: +35.3%2025: +79.8%20182025
Shares outstanding862.4M2025
215.6M431.2M646.8M862.4M2018: 776.5M2019: 771.2M2020: 774.5M2021: 779.6M2022: 859.4M2023: 860.7M2024: 861.5M2025: 862.4M20182025
Valuation57.42025
14.428.743.157.42018 · P/E: 22.82019 · P/E: 27.22020 · P/E: 32.22021 · P/E: 35.22022 · P/E: 14.12023 · P/E: 23.42024 · P/E: 31.42025 · P/E: 57.42018 · P/S: 2.62019 · P/S: 3.22020 · P/S: 3.02021 · P/S: 3.22022 · P/S: 1.42023 · P/S: 2.02024 · P/S: 3.42025 · P/S: 12.820182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-28
Revenue est. $1.3B · Updated 1h ago
Dividend
¥1.995
2026-04-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.43$4.8B+66%2
FY 202716.30$8.8B+206%5
FY 202822.77$12.2B+325%2
Q2 20261.58$925.9M+32%2
Q3 20262.26$1.3B+72%2
Q4 20263.23$1.7B+116%2

Company events

6
2026-10-28EarningsActual - / Estimate 2.26-
2026-08-27EarningsActual 1.58 / Estimate 1.56Beat
2026-04-28EarningsActual 1.46 / Estimate 1.47Miss
2026-04-15Dividend¥1.995-
2026-03-13EarningsActual 1.25 / Estimate 1.25In line
2025-10-27EarningsActual 1.28 / Estimate 1.56Miss

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering SHTECH have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade SHTECH perpetual futures?

Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade SHTECH around the clock?

Yes. Unlike the underlying stock, SHTECH perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on SHTECH perpetuals?

Right now the SHTECH perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the SHTECH perp price compare to the Victory Giant Technology (Huizhou) Co., Ltd. stock?

The venue-median SHTECH perp mark is $34.7 versus a reference stock price of $34.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a SHTECH perpetual future?

A SHTECH perpetual is a derivative that tracks the price of Victory Giant Technology (Huizhou) Co., Ltd. with no expiry date. It lets you take long or short exposure to Victory Giant Technology (Huizhou) Co., Ltd. on crypto venues, around the clock.

What is SHTECHUSDT perpetual?

SHTECHUSDT is the symbol most crypto exchanges use for the Victory Giant Technology (Huizhou) Co., Ltd. perpetual settled in USDT (Tether). It tracks the SHTECH share price through an index, trades 24/7 with leverage and never expires.

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