Congratulations on VMAX Successful Listing on the Shanghai Stock Exchange STAR Market!

On July 26th, Shenzhen VMAX New Energy Co., Ltd. (Stock symbol: VMAX, Stock code: 688612) successfully Llisted on the Shanghai Stock Exchange STAR Market.

In the years 2020 to 2022, VMAX achieved remarkable growth with annual revenues of 657 million CNY, 1.695 billion CNY, and 3.833 billion CNY, demonstrating a compounded annual growth rate of 141.49%. Net profits also saw substantial improvement, with earnings of 6 million CNY, 71 million CNY, and 294 million CNY during the same period. Moreover, in the first half of 2023, VMAX anticipates a year-on-year revenue increase of 42.90% to 49.56% and a non-GAAP net profit growth of 56.02% to 75.17%, indicating accelerated performance growth.

VMAX possesses strong research and innovation capabilities and has secured 16 core technologies with independent intellectual property rights. By the end of 2022, the company held 301 authorized patents and 194 computer software copyrights, including 13 overseas invention patents.

VMAX's listing on the capital market opens a new chapter in its development. In the future, the company will continue to adhere to the path of independent research and development and technological innovation. Focusing on the new energy automotive sector, VMAX will expand its product line, establish a leading edge in product technology, quality, and cost, and Commit to being the world-leading Electric Vehicle powertrain system total solution supplier.