Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) balance sheet

SHZ · Technology · Hardware, Equipment & Parts · 17,989 employees · CEO Qi Xiang Zhao

Price: CN¥135.02 -2.89%
Market cap: CN¥118B
Enterprise value: CN¥126B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-03-31 EPS est. CN¥3.15

At the end of Q3 '26 Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) held CN¥18.8B in cash and short-term investments against CN¥18.7B of debt incl. leases. Total assets CN¥71.3B, total liabilities CN¥33B, shareholders' equity CN¥38.3B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥2.14B	CN¥1.83B	CN¥1.81B	CN¥1.66B	CN¥1.66B	CN¥1.33B	CN¥1.18B	CN¥3.19B	CN¥3.28B	CN¥3.79B	CN¥6.07B	CN¥10.3B
Short-term investments	CN¥34.9M	CN¥34M	CN¥29.5M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥137M	CN¥500M	CN¥15.3B	CN¥8.53B
Receivables	CN¥3.67B	CN¥3.67B	CN¥3.58B	CN¥3.9B	CN¥4.32B	CN¥5.18B	CN¥6.58B	CN¥6.77B	CN¥6.85B	CN¥6.1B	CN¥8.04B	CN¥8.9B
Inventory	CN¥1.38B	CN¥1.43B	CN¥1.57B	CN¥1.67B	CN¥2.05B	CN¥2.33B	CN¥2.68B	CN¥2.67B	CN¥3.16B	CN¥3.91B	CN¥5.89B	CN¥9.25B
Other current assets	CN¥0	CN¥59.5M	CN¥0	CN¥48.8M	CN¥15.8M	CN¥198M	CN¥45K	CN¥243M	CN¥0	CN¥351M	CN¥0	CN¥1.15B
Current assets	CN¥7.26B	CN¥7.07B	CN¥7.03B	CN¥7.32B	CN¥8.08B	CN¥9.1B	CN¥10.5B	CN¥12.9B	CN¥13.5B	CN¥14.7B	CN¥35.4B	CN¥38.3B
Property, plant & equipment (net)	CN¥7.19B	CN¥7.09B	CN¥7.03B	CN¥7.15B	CN¥7.5B	CN¥7.57B	CN¥8.47B	CN¥11.1B	CN¥12.9B	CN¥15.7B	CN¥17.2B	CN¥19.2B
Long-term investments	CN¥765M	CN¥685M	CN¥790M	CN¥862M	CN¥1.12B	CN¥1.22B	CN¥1.33B	CN¥2.8B	CN¥2.85B	CN¥2.43B	CN¥3.34B	CN¥3.34B
Goodwill	CN¥1.16B	CN¥1.16B	CN¥1.16B	CN¥1.19B	CN¥1.22B	CN¥1.22B	CN¥1.21B	CN¥1.21B	CN¥1.19B	CN¥1.16B	CN¥1.13B	CN¥1.11B
Intangible assets	CN¥760M	CN¥739M	CN¥744M	CN¥818M	CN¥756M	CN¥744M	CN¥849M	CN¥859M	CN¥959M	CN¥934M	CN¥915M	CN¥882M
Deferred tax assets	CN¥76.7M	CN¥51.6M	CN¥71M	CN¥65.6M	CN¥52.5M	CN¥52.7M	CN¥83.7M	CN¥94.8M	CN¥343M	CN¥335M	CN¥408M	CN¥408M
Other non-current assets	CN¥168M	CN¥228M	CN¥331M	CN¥509M	CN¥421M	CN¥1.02B	CN¥1.23B	CN¥1.59B	CN¥3.47B	CN¥3.54B	CN¥4.65B	CN¥8.03B
Non-current assets	CN¥10.1B	CN¥9.96B	CN¥10.1B	CN¥10.6B	CN¥11.1B	CN¥11.8B	CN¥13.2B	CN¥17.7B	CN¥21.7B	CN¥24.1B	CN¥27.6B	CN¥33B
Total assets	CN¥17.4B	CN¥17B	CN¥17.2B	CN¥17.9B	CN¥19.2B	CN¥20.9B	CN¥23.7B	CN¥30.6B	CN¥35.2B	CN¥38.9B	CN¥63.1B	CN¥71.3B
Liabilities
Accounts payable	CN¥3.61B	CN¥3.73B	CN¥4B	CN¥4.49B	CN¥4.96B	CN¥5.72B	CN¥6.57B	CN¥5.42B	CN¥10.5B	CN¥7.55B	CN¥8.65B	CN¥11.6B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥239M	CN¥0	CN¥261M	CN¥279M	CN¥368M
Short-term debt	CN¥3.01B	CN¥2.46B	CN¥2.08B	CN¥1.83B	CN¥1.25B	CN¥468M	CN¥454M	CN¥4.63B	CN¥1.5B	CN¥7.5B	CN¥8.34B	CN¥11.6B
Taxes payable	CN¥109M	CN¥139M	CN¥41.1M	CN¥71.8M	CN¥145M	CN¥196M	CN¥290M	CN¥0	CN¥472M	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥8.57M	CN¥0	CN¥7.16M	CN¥15.8M	CN¥88.4M
Other current liabilities	CN¥479M	CN¥333M	CN¥345M	CN¥379M	CN¥692M	CN¥880M	CN¥1.11B	CN¥323M	CN¥1.02B	CN¥329M	CN¥577M	CN¥689M
Current liabilities	CN¥7.58B	CN¥7.1B	CN¥6.95B	CN¥7.27B	CN¥7.53B	CN¥7.71B	CN¥8.85B	CN¥10.9B	CN¥14B	CN¥16B	CN¥18.2B	CN¥25.2B
Long-term debt	CN¥1.78B	CN¥1.77B	CN¥1.85B	CN¥1.95B	CN¥2.31B	CN¥2.85B	CN¥3.44B	CN¥3.87B	CN¥3.87B	CN¥4.82B	CN¥5.99B	CN¥7.05B
Lease obligations (non-current)	CN¥53.7M	CN¥53.1M	CN¥49M	CN¥42.5M	CN¥60.2M	CN¥60.4M	CN¥65.8M	CN¥61.9M	CN¥82.3M	CN¥75.4M	CN¥92.1M	CN¥91.6M
Deferred revenue (non-current)	CN¥49.1M	CN¥47.3M	CN¥45.2M	CN¥43.4M	CN¥41.7M	CN¥46M	CN¥44.6M	CN¥45.2M	CN¥80.3M	CN¥77.4M	CN¥0	CN¥82.8M
Deferred tax liabilities	CN¥243M	CN¥213M	CN¥248M	CN¥260M	CN¥284M	CN¥300M	CN¥317M	CN¥536M	CN¥541M	CN¥481M	CN¥737M	CN¥588M
Other non-current liabilities	CN¥59.5M	CN¥59.6M	CN¥59.7M	CN¥47.1M	CN¥20.7M	CN¥20.4M	CN¥20.7M	CN¥20M	CN¥17.2M	CN¥15.2M	CN¥16.5M	CN¥16.9M
Non-current liabilities	CN¥2.18B	CN¥2.14B	CN¥2.26B	CN¥2.34B	CN¥2.72B	CN¥3.28B	CN¥3.89B	CN¥4.53B	CN¥4.59B	CN¥5.47B	CN¥6.84B	CN¥7.83B
Total liabilities	CN¥9.76B	CN¥9.25B	CN¥9.21B	CN¥9.61B	CN¥10.2B	CN¥11B	CN¥12.7B	CN¥15.4B	CN¥18.6B	CN¥21.5B	CN¥25.1B	CN¥33B
Equity
Common stock & paid-in capital	CN¥863M	CN¥863M	CN¥863M	CN¥863M	CN¥863M	CN¥863M	CN¥863M	CN¥870M	CN¥870M	CN¥873M	CN¥983M	CN¥983M
Retained earnings	CN¥2.93B	CN¥3.13B	CN¥3.2B	CN¥3.48B	CN¥3.83B	CN¥4.75B	CN¥5.72B	CN¥6.82B	CN¥7.89B	CN¥9.17B	CN¥9B	CN¥9.53B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥7.61B	CN¥0	CN¥7.36B	CN¥2.86B	CN¥27.8B
Shareholders' equity	CN¥7.63B	CN¥7.78B	CN¥7.95B	CN¥8.3B	CN¥8.93B	CN¥9.93B	CN¥11B	CN¥15.2B	CN¥16.6B	CN¥17.4B	CN¥37.9B	CN¥38.3B
Debt
Total debt (incl. leases)	CN¥4.84B	CN¥4.28B	CN¥3.99B	CN¥3.81B	CN¥3.62B	CN¥3.38B	CN¥3.96B	CN¥8.56B	CN¥5.45B	CN¥12.4B	CN¥14.4B	CN¥18.7B
Net debt (debt - cash)	CN¥2.7B	CN¥2.46B	CN¥2.18B	CN¥2.15B	CN¥1.96B	CN¥2.05B	CN¥2.79B	CN¥5.37B	CN¥2.17B	CN¥8.6B	CN¥8.35B	CN¥8.42B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥441M	CN¥418M	CN¥675M	CN¥356M	CN¥452M	CN¥579M	CN¥1.1B	CN¥2.14B	CN¥1.66B	CN¥3.28B
Short-term investments	CN¥30M	CN¥756M	CN¥0	CN¥0	CN¥20.3M	CN¥451M	CN¥502M	CN¥3.55M	CN¥0	CN¥137M
Receivables	CN¥801M	CN¥1.1B	CN¥1.51B	CN¥1.97B	CN¥2.7B	CN¥3.34B	CN¥3.14B	CN¥3.67B	CN¥4.32B	CN¥6.85B
Inventory	CN¥201M	CN¥343M	CN¥393M	CN¥619M	CN¥829M	CN¥1.51B	CN¥1.12B	CN¥1.38B	CN¥2.05B	CN¥3.16B
Other current assets	CN¥7.87M	CN¥5.12M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥31.3M	CN¥15.8M	CN¥0
Current assets	CN¥1.49B	CN¥2.63B	CN¥2.58B	CN¥2.96B	CN¥4.02B	CN¥5.9B	CN¥5.89B	CN¥7.26B	CN¥8.08B	CN¥13.5B
Property, plant & equipment (net)	CN¥807M	CN¥1.39B	CN¥2.35B	CN¥3.6B	CN¥4.21B	CN¥6.16B	CN¥6.56B	CN¥7.19B	CN¥7.5B	CN¥12.9B
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥803M	CN¥1.39B	CN¥765M	CN¥1.12B	CN¥2.85B
Goodwill	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1.16B	CN¥1.22B	CN¥1.19B
Intangible assets	CN¥20.7M	CN¥24.5M	CN¥26.9M	CN¥24.9M	CN¥28.4M	CN¥170M	CN¥188M	CN¥760M	CN¥756M	CN¥959M
Deferred tax assets	CN¥7.69M	CN¥9.91M	CN¥19.5M	CN¥32.7M	CN¥44.7M	CN¥55.3M	CN¥35.1M	CN¥76.7M	CN¥52.5M	CN¥343M
Other non-current assets	CN¥41.2M	CN¥38.5M	CN¥415M	CN¥373M	CN¥1.39B	CN¥370M	CN¥245M	CN¥168M	CN¥421M	CN¥3.47B
Non-current assets	CN¥877M	CN¥1.46B	CN¥2.81B	CN¥4.03B	CN¥5.67B	CN¥7.56B	CN¥8.42B	CN¥10.1B	CN¥11.1B	CN¥21.7B
Total assets	CN¥2.36B	CN¥4.09B	CN¥5.4B	CN¥6.99B	CN¥9.69B	CN¥13.5B	CN¥14.3B	CN¥17.4B	CN¥19.2B	CN¥35.2B
Liabilities
Accounts payable	CN¥713M	CN¥1.25B	CN¥1.97B	CN¥2.61B	CN¥3.44B	CN¥4.25B	CN¥3.41B	CN¥3.61B	CN¥4.96B	CN¥10.5B
Short-term debt	CN¥65.7M	CN¥0	CN¥300M	CN¥808M	CN¥1.4B	CN¥1.29B	CN¥2.45B	CN¥3.01B	CN¥1.25B	CN¥1.5B
Taxes payable	CN¥31.3M	CN¥39.7M	CN¥47.5M	CN¥60.7M	CN¥72.2M	CN¥66.5M	CN¥71.3M	CN¥109M	CN¥145M	CN¥472M
Other current liabilities	CN¥1.29M	CN¥1.48M	CN¥13.7M	CN¥1.48M	CN¥44.7M	CN¥392M	CN¥220M	CN¥479M	CN¥692M	CN¥1.02B
Current liabilities	CN¥904M	CN¥1.38B	CN¥2.4B	CN¥3.63B	CN¥5.12B	CN¥6.2B	CN¥6.34B	CN¥7.58B	CN¥7.53B	CN¥14B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥785M	CN¥909M	CN¥898M	CN¥1.78B	CN¥2.31B	CN¥3.87B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥29.4M	CN¥33.7M	CN¥53.7M	CN¥60.2M	CN¥82.3M
Deferred revenue (non-current)	CN¥9.71M	CN¥15.1M	CN¥25M	CN¥36.6M	CN¥46.9M	CN¥51M	CN¥52.5M	CN¥49.1M	CN¥41.7M	CN¥80.3M
Deferred tax liabilities	CN¥0	CN¥859K	CN¥0	CN¥0	CN¥5.37M	CN¥2.78M	CN¥38.5M	CN¥243M	CN¥284M	CN¥541M
Other non-current liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥933K	CN¥1.23M	CN¥59.5M	CN¥20.7M	CN¥17.2M
Non-current liabilities	CN¥9.71M	CN¥16M	CN¥25M	CN¥36.6M	CN¥837M	CN¥993M	CN¥1.02B	CN¥2.18B	CN¥2.72B	CN¥4.59B
Total liabilities	CN¥914M	CN¥1.39B	CN¥2.42B	CN¥3.67B	CN¥5.96B	CN¥7.19B	CN¥7.37B	CN¥9.76B	CN¥10.2B	CN¥18.6B
Equity
Common stock & paid-in capital	CN¥375M	CN¥428M	CN¥770M	CN¥779M	CN¥778M	CN¥864M	CN¥863M	CN¥863M	CN¥863M	CN¥870M
Retained earnings	CN¥503M	CN¥635M	CN¥855M	CN¥1.15B	CN¥1.47B	CN¥1.93B	CN¥2.49B	CN¥2.93B	CN¥3.83B	CN¥7.89B
Shareholders' equity	CN¥1.45B	CN¥2.7B	CN¥2.98B	CN¥3.33B	CN¥3.73B	CN¥6.27B	CN¥6.94B	CN¥7.63B	CN¥8.93B	CN¥16.6B
Debt
Total debt (incl. leases)	CN¥65.7M	CN¥0	CN¥300M	CN¥808M	CN¥2.18B	CN¥2.23B	CN¥3.38B	CN¥4.84B	CN¥3.62B	CN¥5.45B
Net debt (debt - cash)	-CN¥375M	-CN¥418M	-CN¥375M	CN¥452M	CN¥1.73B	CN¥1.65B	CN¥2.29B	CN¥2.7B	CN¥1.96B	CN¥2.17B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02