Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) income statement

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

Victory Giant Technology (Huizhou) Co., Ltd. (SHTECH) reported revenue of CN¥6.83B for Q3 '26 (+34.3% year on year), operating income of CN¥1.69B (24.8% of revenue) and net income of CN¥527M. Over the last four quarters revenue was CN¥23.6B.

Income statement

Income statement	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Revenue	CN¥2.19B	CN¥2.39B	CN¥2.46B	CN¥2.84B	CN¥3.03B	CN¥4.31B	CN¥4.72B	CN¥5.09B	CN¥5.18B	CN¥5.52B	CN¥6.11B	CN¥6.83B
Cost of revenue	CN¥1.83B	CN¥1.93B	CN¥1.9B	CN¥2.21B	CN¥2.27B	CN¥2.87B	CN¥2.92B	CN¥3.3B	CN¥3.48B	CN¥3.62B	CN¥4.19B	CN¥4.5B
Gross profit	CN¥358M	CN¥466M	CN¥566M	CN¥627M	CN¥760M	CN¥1.44B	CN¥1.8B	CN¥1.79B	CN¥1.7B	CN¥1.9B	CN¥1.92B	CN¥2.33B
Research & development	CN¥53.9M	CN¥90.2M	CN¥107M	CN¥132M	CN¥120M	CN¥130M	CN¥223M	CN¥255M	CN¥170M	CN¥155M	CN¥201M	CN¥310M
Sales & marketing	CN¥47.5M	CN¥44.2M	CN¥42.3M	CN¥48.9M	CN¥65.4M	CN¥56.2M	CN¥62.6M	CN¥0	CN¥65.5M	CN¥49.7M	CN¥0	CN¥149M
General & administrative	CN¥89M	CN¥96.4M	CN¥98.6M	CN¥87.4M	CN¥104M	CN¥113M	CN¥115M	CN¥187M	CN¥151M	CN¥133M	CN¥0	CN¥427M
Other operating expenses	CN¥45.5M	-CN¥19.4M	CN¥45.8M	CN¥38.4M	CN¥29.5M	CN¥48.9M	CN¥26.3M	CN¥18M	CN¥9.9M	CN¥61.5M	CN¥22.7M	-CN¥243M
Operating expenses	CN¥236M	CN¥211M	CN¥294M	CN¥306M	CN¥319M	CN¥348M	CN¥427M	CN¥460M	CN¥397M	CN¥399M	CN¥416M	CN¥643M
Operating income	CN¥122M	CN¥255M	CN¥271M	CN¥321M	CN¥441M	CN¥1.09B	CN¥1.37B	CN¥1.33B	CN¥1.3B	CN¥1.5B	CN¥1.51B	CN¥1.69B
Interest income	CN¥21.1M	CN¥11.6M	CN¥5.51M	CN¥2.3M	CN¥3.59M	CN¥3.05M	CN¥3.98M	CN¥4.4M	CN¥38.3M	CN¥8.69M	CN¥29.4M	CN¥44.7M
Interest expense	CN¥28.1M	CN¥25.7M	CN¥30.9M	CN¥27.2M	CN¥26.7M	CN¥44.3M	CN¥20.8M	CN¥32M	CN¥40.7M	CN¥45.3M	CN¥64.8M	CN¥69.5M
Other non-operating income (gains on investments, FX ...)	-CN¥61.5M	CN¥15.5M	-CN¥40.5M	-CN¥26.5M	-CN¥6.27M	-CN¥38.8M	CN¥3.8M	CN¥9.07M	CN¥8.74M	-CN¥58.2M	CN¥0	CN¥0
Total non-operating income	-CN¥7.42M	-CN¥613K	-CN¥5.1M	-CN¥3.18M	CN¥32.4M	-CN¥4.11M	-CN¥8.12M	-CN¥41.1M	-CN¥19.2M	-CN¥12.3M	CN¥295M	-CN¥1.07B
Income before tax	CN¥114M	CN¥254M	CN¥266M	CN¥318M	CN¥474M	CN¥1.09B	CN¥1.37B	CN¥1.29B	CN¥1.28B	CN¥1.49B	CN¥1.8B	CN¥623M
Income tax	CN¥28.6M	CN¥44.5M	CN¥16.9M	CN¥12.2M	CN¥83.8M	CN¥167M	CN¥144M	CN¥187M	CN¥212M	CN¥202M	CN¥235M	CN¥95.5M
Net income	CN¥85.6M	CN¥210M	CN¥249M	CN¥306M	CN¥390M	CN¥921M	CN¥1.22B	CN¥1.1B	CN¥1.07B	CN¥1.29B	CN¥1.57B	CN¥527M
EPS (basic)	CN¥0.10	CN¥0.24	CN¥0.29	CN¥0.36	CN¥0.45	CN¥1.07	CN¥1.42	CN¥1.27	CN¥1.23	CN¥1.48	CN¥1.66	CN¥0.54
EPS (diluted)	CN¥0.10	CN¥0.24	CN¥0.29	CN¥0.36	CN¥0.45	CN¥1.07	CN¥1.42	CN¥1.27	CN¥1.23	CN¥1.48	CN¥1.66	CN¥0.54
Shares (basic, weighted)	859M	873M	859M	859M	862M	860M	859M	866M	868M	871M	945M	983M
Shares (diluted, weighted)	859M	873M	859M	859M	862M	860M	859M	866M	868M	871M	945M	983M
Depreciation & amortization	CN¥174M	CN¥192M	CN¥192M	CN¥211M	CN¥211M	CN¥243M	CN¥243M	CN¥265M	CN¥265M	CN¥329M	CN¥329M	CN¥0
EBITDA	CN¥357M	CN¥431M	CN¥504M	CN¥558M	CN¥658M	CN¥1.37B	CN¥1.61B	CN¥1.59B	CN¥1.55B	CN¥1.89B	CN¥1.84B	CN¥1.69B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥1.82B	CN¥2.44B	CN¥3.3B	CN¥3.88B	CN¥5.6B	CN¥7.43B	CN¥7.89B	CN¥7.93B	CN¥10.7B	CN¥19.3B
Cost of revenue	CN¥1.33B	CN¥1.81B	CN¥2.4B	CN¥2.89B	CN¥4.28B	CN¥5.94B	CN¥6.49B	CN¥6.31B	CN¥8.31B	CN¥12.5B
Gross profit	CN¥492M	CN¥632M	CN¥907M	CN¥996M	CN¥1.32B	CN¥1.49B	CN¥1.4B	CN¥1.62B	CN¥2.42B	CN¥6.76B
Research & development	CN¥99M	CN¥99.7M	CN¥163M	CN¥173M	CN¥221M	CN¥297M	CN¥287M	CN¥348M	CN¥450M	CN¥778M
Sales & marketing	CN¥55M	CN¥58.9M	CN¥84.7M	CN¥125M	CN¥115M	CN¥121M	CN¥143M	CN¥154M	CN¥201M	CN¥257M
General & administrative	CN¥188M	CN¥103M	CN¥128M	CN¥141M	CN¥200M	CN¥223M	CN¥224M	CN¥264M	CN¥386M	CN¥495M
Other operating expenses	-CN¥116M	CN¥40.7M	CN¥36.7M	CN¥35.8M	CN¥189M	CN¥114M	-CN¥161M	CN¥97.4M	CN¥94.3M	CN¥170M
Operating expenses	CN¥226M	CN¥302M	CN¥412M	CN¥475M	CN¥725M	CN¥756M	CN¥494M	CN¥864M	CN¥1.13B	CN¥1.7B
Operating income	CN¥266M	CN¥329M	CN¥495M	CN¥521M	CN¥595M	CN¥739M	CN¥906M	CN¥759M	CN¥1.29B	CN¥5.06B
Interest income	CN¥1.77M	CN¥6.72M	CN¥2.47M	CN¥5.27M	CN¥1.9M	CN¥35.7M	CN¥50.7M	CN¥20.3M	CN¥14.3M	CN¥24.5M
Interest expense	CN¥2.16M	CN¥1.41M	CN¥2.74M	CN¥26M	CN¥61.4M	CN¥95.7M	CN¥93.4M	CN¥85.3M	CN¥114M	CN¥138M
Other non-operating income (gains on investments, FX ...)	CN¥44.6M	-CN¥15.6M	-CN¥3.37M	-CN¥5.32M	-CN¥124M	-CN¥63.4M	CN¥85.7M	-CN¥34.6M	-CN¥39.3M	-CN¥91.3M
Total non-operating income	CN¥5.11M	-CN¥3.46M	-CN¥71.3M	-CN¥4.58M	-CN¥3.67M	-CN¥1.98M	-CN¥8.97M	-CN¥9.72M	CN¥23.5M	-CN¥35M
Income before tax	CN¥271M	CN¥326M	CN¥423M	CN¥517M	CN¥592M	CN¥737M	CN¥897M	CN¥749M	CN¥1.31B	CN¥5.02B
Income tax	CN¥38.6M	CN¥44M	CN¥42.8M	CN¥53.8M	CN¥72.7M	CN¥66.6M	CN¥107M	CN¥77.9M	CN¥157M	CN¥710M
Net income	CN¥232M	CN¥282M	CN¥380M	CN¥463M	CN¥519M	CN¥670M	CN¥791M	CN¥671M	CN¥1.15B	CN¥4.31B
EPS (basic)	CN¥0.34	CN¥0.40	CN¥0.49	CN¥0.60	CN¥0.67	CN¥0.86	CN¥0.92	CN¥0.78	CN¥1.34	CN¥5.01
EPS (diluted)	CN¥0.34	CN¥0.40	CN¥0.49	CN¥0.60	CN¥0.67	CN¥0.86	CN¥0.92	CN¥0.78	CN¥1.34	CN¥5.00
Shares (basic, weighted)	674M	705M	777M	771M	774M	780M	859M	861M	862M	861M
Shares (diluted, weighted)	674M	705M	777M	771M	774M	780M	859M	861M	862M	862M
Depreciation & amortization	CN¥76M	CN¥90.5M	CN¥160M	CN¥217M	CN¥327M	CN¥448M	CN¥609M	CN¥653M	CN¥755M	CN¥923M
EBITDA	CN¥297M	CN¥435M	CN¥658M	CN¥744M	CN¥1.05B	CN¥1.25B	CN¥1.43B	CN¥1.45B	CN¥2.08B	CN¥6.07B

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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