Victory Giant Technology (HuiZhou) revenue and financials
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In the fiscal year ended December 2025, Victory Giant Technology (HuiZhou) reported revenue of ¥19.29B (+79.77% year over year). Net income was ¥4.31B, a net margin of 22.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +79.77%
- 2025 vs 2024
- Net income growth
- +273.52%
- 2025 vs 2024
- Net margin
- 22.4%
- 2024: 10.8%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 795 | 2,117 | 2,219 | 1,193 | 766 | 424 | 132 | 572 | 474 | 181 | 569 | 245 |
| Depreciation and amortization | 595 | — | 922 | -439 | 444 | — | 755 | -362 | 362 | — | 638 | -298 |
| Capital expenditure | -3,502 | -3,574 | -2,963 | -1,495 | -1,429 | -730 | -72.5 | -383 | -164 | -215 | -166 | -119 |
| Investing cash flow | -17,781 | -4,178 | -3,096 | -1,491 | -1,439 | -708 | -47.4 | -632 | -158 | -203 | -2,191 | -110 |
| Financing cash flow | 19,508 | 2,639 | 975 | 2,291 | 518 | 593 | 87.8 | 25.9 | -240 | -83.7 | 1,472 | -313 |
| Dividends paid | -1,802 | -41.2 | -33.7 | -31.0 | -288 | -27.8 | -23.9 | -23.8 | -188 | -24.4 | -19.4 | -15.5 |
| Share repurchases | — | — | -41.7 | — | -41.7 | — | — | — | — | — | — | — |
| Debt issued | 1,869 | 2,989 | 1,486 | 1,171 | 1,446 | 937 | 802 | 408 | 475 | 944 | 1,771 | 466 |
| Debt repaid | -631 | -319 | -482 | -764 | -644 | -933 | -844 | -501 | -861 | -1,001 | -718 | -461 |
| Effect of exchange rates | -244 | -62.8 | -10.1 | 22.7 | -0.4 | 22.6 | 52.3 | -10.4 | 10.8 | 17.1 | -33.5 | -9.6 |
| Net change in cash | 2,278 | 515 | 88.2 | 2,016 | -155 | 331 | 224 | -44.6 | 86.3 | -88.7 | -183 | -188 |
| Free cash flow | -2,708 | -1,457 | -744 | -301 | -663 | -306 | 59.1 | 190 | 310 | -33.9 | 404 | 126 |
| Levered free cash flow | -3,460 | -2,625 | 624 | 520 | -741 | -572 | 770 | -486 | 642 | -134 | 526 | -530 |
