AVG
Listed Company · UPCOM
Price
9,900
Latest close
03 Apr 2026
P/E
9.7x
EPS
(TTM)
1,017
ROE
(TTM)
7.6%
P/B
0.7x
BVPS
(Latest)
13,752
ROA
(TTM)
4.1%
What Is Changing
AVG has not yet shown a broad-based top-line recovery. Revenue posted -2.0% YoY, but net margin reached 2.41% with an additional +0.5pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Margin expanded consistently from 1.46% in 2023 to 2.41% in 2025.
- Net Income reached a multi-period high at VND 16.2bn in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 673.1 | 686.9 | 603.3 | 391.3 |
| Growth | -2% | +14% | +54% | — |
| Net Income | 16.2 | 12.8 | 8.8 | 6.9 |
| Net Margin | 2.41% | 1.86% | 1.46% | 1.77% |
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Revenue | 291.4 | 93.8 | 190.1 | 191.3 | 239.6 | 134.3 | 168.9 |
| Growth | +210% | -51% | -1% | -20% | +78% | -20% | — |
| Net Income | 8.3 | 2.0 | 1.8 | 6.0 | 4.8 | 3.6 | 3.0 |
| Net Margin | 2.86% | 2.13% | 0.92% | 3.13% | 1.99% | 2.69% | 1.76% |
Financial Statements
Profitability
Net margin reached 2.41% while Revenue posted -2.0% YoY.
Balance Sheet
Inventory stood at 57.6bn, liabilities at 226.4bn, and equity at 243.1bn.
Cash Flow
Operating cash flow was -12.2bn in 2024, while investing cash flow was 3.8bn.
Financing cash flow: 23.5bn.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
|
Revenue
|
673.1 | 686.9 | 603.3 | 391.3 |
|
Revenue Deductions
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Net Revenue
|
673.1 | 686.9 | 603.3 | 391.3 |
|
Cost of Goods Sold
|
638.2 | 655.4 | 577.4 | 371.2 |
|
Gross Profit
|
35.0 | 31.5 | 25.9 | 20.1 |
|
Financial Income
|
0.2 | 0.2 | 0.9 | 0.0 |
|
Financial Expenses
|
8.1 | 9.7 | 11.6 | 7.6 |
|
Interest Expense
|
8.1 | 9.7 | 11.6 | 7.6 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
2.8 | 2.2 | 1.5 | 1.0 |
|
General and Administrative Expenses
|
6.4 | 5.8 | 4.2 | 3.9 |
|
Operating Profit
|
17.8 | 14.0 | 9.5 | 7.5 |
|
Other Income
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Other Expenses
|
0.7 | 0.5 | 0.0 | 0.2 |
|
Other Profit
|
-0.7 | -0.5 | -0.0 | -0.2 |
|
Profit Before Tax
|
17.1 | 13.6 | 9.4 | 7.3 |
|
Current Income Tax Expense
|
0.9 | 0.8 | 0.6 | 0.4 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
16.2 | 12.8 | 8.8 | 6.9 |
|
Non-controlling Interest
|
0.1 | 0.1 | 0.1 | 0.0 |
|
Profit Attributable to Parent
|
16.1 | 12.7 | 8.7 | 6.9 |
|
Earnings per Share
|
911.00 | 718.00 | 643.00 | 507.00 |
|
Diluted EPS
|
911.00 | 718.00 | 643.00 | 507.00 |
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
244.0 | 212.4 | 168.1 | 174.9 |
|
I. Cash and cash equivalents
|
8.7 | 25.4 | 10.3 | 7.5 |
|
1. Cash
|
8.7 | 25.4 | 10.3 | 7.5 |
|
2. Cash equivalents
|
0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
23.8 | 7.8 | 10.0 | 0.0 |
|
1. Available for sale securities
|
23.3 | 7.8 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
0.5 | 0.0 | 10.0 | 0.0 |
|
III. Short-term receivables
|
149.7 | 123.5 | 71.3 | 76.7 |
|
1. Short-term trade accounts receivable
|
148.7 | 122.8 | 66.6 | 67.2 |
|
2. Short-term prepayments to suppliers
|
0.7 | 0.2 | 3.2 | 8.6 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
0.3 | 0.6 | 1.5 | 0.8 |
|
7. Provision for short-term doubtful debts (*)
|
0.0 | 0.0 | 0.0 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
57.6 | 52.7 | 73.1 | 87.3 |
|
1. Inventories
|
57.6 | 52.7 | 73.1 | 87.3 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
4.1 | 3.0 | 3.2 | 3.4 |
|
1. Short-term prepayments
|
0.3 | 0.2 | 0.1 | 0.1 |
|
2. Value added tax to be reclaimed
|
3.8 | 2.8 | 3.1 | 3.3 |
|
3. Taxes and other receivables from state authorities
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
225.5 | 191.4 | 189.1 | 187.5 |
|
I. Long-term receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
92.1 | 92.3 | 94.0 | 88.3 |
|
1. Tangible fixed assets
|
66.4 | 63.4 | 64.0 | 57.1 |
|
- Cost
|
88.9 | 81.8 | 78.7 | 68.1 |
|
- Accumulated depreciation
|
-22.5 | -18.4 | -14.7 | -11.1 |
|
2. Financial leased fixed assets
|
2.0 | 4.3 | 4.8 | 5.2 |
|
- Cost
|
2.5 | 5.3 | 5.3 | 5.3 |
|
- Accumulated depreciation
|
-0.5 | -0.9 | -0.5 | -0.1 |
|
3. Intangible fixed assets
|
23.8 | 24.5 | 25.3 | 26.0 |
|
- Cost
|
28.7 | 28.7 | 28.7 | 28.7 |
|
- Accumulated depreciation
|
-4.9 | -4.1 | -3.4 | -2.6 |
|
III. Investment properties
|
74.0 | 77.6 | 81.2 | 83.2 |
|
- Cost
|
91.3 | 91.3 | 91.2 | 89.6 |
|
- Accumulated depreciation
|
-17.2 | -13.6 | -10.0 | -6.4 |
|
IV. Long-term assets in progress
|
41.5 | 3.1 | 0.0 | 1.9 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
41.5 | 3.1 | 0.0 | 1.9 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 0.0 | 0.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
17.9 | 18.4 | 13.8 | 14.1 |
|
1. Long-term prepayments
|
17.9 | 18.4 | 13.8 | 14.1 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
469.6 | 403.8 | 357.1 | 362.4 |
|
A. LIABILITIES (300=210+330)
|
226.4 | 176.9 | 143.0 | 157.1 |
|
I. Short -term liabilities
|
214.6 | 172.3 | 135.5 | 146.9 |
|
1. Short-term trade accounts payable
|
36.4 | 20.9 | 10.9 | 38.6 |
|
2. Short-term advances from customers
|
0.8 | 0.0 | 0.0 | 0.7 |
|
3. Taxes and other payables to state authorities
|
0.9 | 0.8 | 0.5 | 0.6 |
|
4. Payable to employees
|
0.6 | 0.6 | 0.4 | 0.3 |
|
5. Short-term acrrued expenses
|
0.7 | 0.5 | 0.5 | 7.9 |
|
6. Short-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
0.0 | 0.3 | 0.3 | 1.1 |
|
10. Short-term borrowings and financial leases
|
175.1 | 149.2 | 122.9 | 97.6 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.0 | 0.0 | 0.0 | 0.0 |
|
13. Price stabilization fund
|
0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
11.9 | 4.6 | 7.5 | 10.2 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
0.4 | 0.4 | 0.4 | 0.2 |
|
8. Long-term borrowings and financial leases
|
11.4 | 4.2 | 7.1 | 10.0 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
243.1 | 226.9 | 214.1 | 205.3 |
|
I. Owner's equity
|
243.1 | 226.9 | 214.1 | 205.3 |
|
1. Owner's capital
|
176.8 | 176.8 | 136.0 | 136.0 |
|
- Common stock with voting right
|
176.8 | 176.8 | 136.0 | 136.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
0.5 | 0.5 | 0.5 | 0.5 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
62.5 | 46.4 | 74.5 | 65.8 |
|
- Accumulated retained earning at the end of the previous period
|
46.4 | 33.7 | 65.8 | 58.9 |
|
- Undistributed earnings in this period
|
16.1 | 12.7 | 8.7 | 6.9 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
3.4 | 3.3 | 3.2 | 3.1 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
469.6 | 403.8 | 357.1 | 362.4 |
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
|
Profit Before Tax
|
13.6 | 9.4 | 7.3 |
|
Depreciation of Fixed Assets and Investment Property
|
8.5 | 8.5 | 7.0 |
|
Provision (Increase)/Reversal
|
0.0 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-0.2 | -0.9 | 0.2 |
|
Interest Expense
|
9.7 | 11.6 | 7.6 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
31.5 | 28.6 | 22.2 |
|
Increase/(Decrease) in Receivables
|
-51.7 | 6.5 | 14.3 |
|
Increase/(Decrease) in Inventory
|
20.4 | 14.1 | -46.5 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
10.2 | -34.7 | 18.2 |
|
Increase/(Decrease) in Prepaid Expenses
|
-4.6 | 0.2 | 0.3 |
|
Changes in Trading Securities
|
-7.8 | 0.0 | 0.0 |
|
Interest Paid
|
-9.7 | -11.5 | 0.1 |
|
Corporate Income Tax Paid
|
-0.5 | -0.5 | -0.8 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-12.2 | 2.7 | 7.9 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-6.4 | -12.1 | -23.8 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 0.0 | 0.9 |
|
Loans and Purchases of Debt Instruments
|
-6.0 | -10.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
16.0 | 0.0 | 0.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
0.2 | 0.0 | 0.0 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
3.8 | -22.1 | -22.8 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
305.3 | 294.9 | 202.0 |
|
Repayment of Borrowings
|
-280.6 | -271.3 | -190.5 |
|
Repayment of Finance Leases
|
-1.2 | -1.3 | -0.9 |
|
Dividends Paid
|
0.0 | 0.0 | 0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
23.5 | 22.3 | 10.6 |
|
Net Cash Flow During the Period
|
15.1 | 2.9 | -4.2 |
|
Cash and Cash Equivalents at Beginning of Period
|
10.3 | 7.5 | 11.7 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
25.4 | 10.3 | 7.5 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
|
Revenue
|
291.4 | 93.8 | 190.1 | 191.3 | 239.6 | 134.3 | 168.9 |
|
Revenue Deductions
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Revenue
|
291.4 | 93.8 | 190.1 | 191.3 | 239.6 | 134.3 | 168.9 |
|
Cost of Goods Sold
|
273.6 | 87.8 | 183.3 | 181.0 | 229.1 | 126.8 | 161.3 |
|
Gross Profit
|
17.8 | 6.1 | 6.8 | 10.3 | 10.6 | 7.4 | 7.6 |
|
Financial Income
|
0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Financial Expenses
|
3.7 | 1.4 | 2.6 | 1.9 | 2.7 | 2.1 | 2.5 |
|
Interest Expense
|
3.7 | 1.4 | 2.6 | 1.9 | 2.7 | 0.0 | 2.5 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
1.4 | 0.6 | 0.6 | 0.7 | 0.8 | 0.5 | 0.5 |
|
General and Administrative Expenses
|
3.4 | 1.7 | 1.6 | 1.4 | 1.7 | 1.0 | 1.4 |
|
Operating Profit
|
9.3 | 2.4 | 2.0 | 6.3 | 5.4 | 3.8 | 3.2 |
|
Other Income
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
|
Other Expenses
|
0.5 | 0.3 | 0.1 | 0.0 | 0.3 | 0.0 | 0.1 |
|
Other Profit
|
-0.5 | -0.3 | -0.1 | -0.0 | -0.3 | -0.0 | -0.1 |
|
Profit Before Tax
|
8.8 | 2.1 | 1.9 | 6.3 | 5.1 | 3.8 | 3.1 |
|
Current Income Tax Expense
|
0.4 | 0.1 | 0.1 | 0.3 | 0.3 | 0.2 | 0.1 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
8.3 | 2.0 | 1.8 | 6.0 | 4.8 | 3.6 | 3.0 |
|
Non-controlling Interest
|
0.1 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
8.3 | 2.0 | 1.8 | 6.0 | 4.7 | 3.6 | 3.0 |
|
Earnings per Share
|
467.00 | 112.00 | 101.00 | 337.00 | 268.00 | 262.47 | 217.06 |
|
Diluted EPS
|
467.00 | 111.75 | 101.00 | 337.00 | 718.00 | 262.47 | 217.06 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
244.0 | 207.9 | 198.1 | 221.2 | 212.4 | 222.7 | 203.4 |
|
I. Cash and cash equivalents
|
8.7 | 23.5 | 8.4 | 22.3 | 25.4 | 19.9 | 8.9 |
|
1. Cash
|
8.7 | 23.5 | 8.4 | 22.3 | 25.4 | 19.9 | 8.9 |
|
2. Cash equivalents
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Short-term financial investments
|
23.8 | 42.8 | 7.8 | 12.2 | 7.8 | 0.0 | 0.0 |
|
1. Available for sale securities
|
23.3 | 42.8 | 7.8 | 7.8 | 7.8 | 0.0 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
0.5 | 0.0 | 0.0 | 4.4 | 0.0 | 0.0 | 0.0 |
|
III. Short-term receivables
|
149.7 | 115.8 | 168.0 | 136.2 | 123.5 | 125.5 | 108.5 |
|
1. Short-term trade accounts receivable
|
148.7 | 101.9 | 158.6 | 128.5 | 122.8 | 105.6 | 95.1 |
|
2. Short-term prepayments to suppliers
|
0.7 | 13.4 | 8.8 | 1.2 | 0.2 | 5.4 | 12.7 |
|
3. Short-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Construction contract progress receipts due from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term loan receivables
|
0.0 | 0.0 | 0.0 | 6.0 | 0.0 | 14.0 | 0.0 |
|
6. Other short-term receivables
|
0.3 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 |
|
7. Provision for short-term doubtful debts (*)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Assets awaiting resolution
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
57.6 | 23.0 | 11.4 | 47.9 | 52.7 | 74.3 | 83.0 |
|
1. Inventories
|
57.6 | 23.0 | 11.4 | 47.9 | 52.7 | 74.3 | 83.0 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
4.1 | 2.7 | 2.5 | 2.7 | 3.0 | 2.9 | 3.0 |
|
1. Short-term prepayments
|
0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | 0.3 |
|
2. Value added tax to be reclaimed
|
3.8 | 2.5 | 2.3 | 2.6 | 2.8 | 2.6 | 2.7 |
|
3. Taxes and other receivables from state authorities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Other short-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)
|
225.5 | 185.4 | 211.4 | 189.1 | 191.4 | 183.1 | 184.5 |
|
I. Long-term receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Long-term trade receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term prepayments to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Capital at inter-company
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Long-term inter-company receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term loan receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Provision for long-term doubtful debts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
92.1 | 89.4 | 89.8 | 91.1 | 92.3 | 90.3 | 91.5 |
|
1. Tangible fixed assets
|
66.4 | 63.3 | 61.6 | 62.5 | 63.4 | 61.2 | 62.1 |
|
- Cost
|
88.9 | 84.5 | 81.9 | 81.9 | 81.8 | 78.7 | 78.7 |
|
- Accumulated depreciation
|
-22.5 | -21.2 | -20.3 | -19.3 | -18.4 | -17.5 | -16.6 |
|
2. Financial leased fixed assets
|
2.0 | 2.1 | 4.1 | 4.2 | 4.3 | 4.4 | 4.5 |
|
- Cost
|
2.5 | 3.4 | 5.3 | 5.3 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-0.5 | -1.3 | -1.2 | -1.1 | 0.0 | 0.0 | 0.0 |
|
3. Intangible fixed assets
|
23.8 | 24.0 | 24.2 | 24.4 | 24.5 | 24.7 | 24.9 |
|
- Cost
|
28.7 | 28.7 | 28.7 | 28.7 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-4.9 | -4.7 | -4.5 | -4.3 | 0.0 | 0.0 | 0.0 |
|
III. Investment properties
|
74.0 | 74.9 | 75.8 | 76.7 | 77.6 | 78.5 | 79.4 |
|
- Cost
|
91.3 | 91.3 | 91.3 | 91.3 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
-17.2 | -16.3 | -15.4 | -14.5 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
41.5 | 3.1 | 3.0 | 3.0 | 3.1 | 0.8 | 0.0 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
41.5 | 3.1 | 3.0 | 3.0 | 3.1 | 0.8 | 0.0 |
|
V. Long-term financial investments
|
0.0 | 0.0 | 24.5 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
0.0 | 0.0 | 24.5 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Investments in other entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Held to maturity investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term investments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
17.9 | 18.1 | 18.2 | 18.3 | 18.4 | 13.5 | 13.6 |
|
1. Long-term prepayments
|
17.9 | 18.1 | 18.2 | 18.3 | 18.4 | 13.5 | 13.6 |
|
2. Deferred income tax assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term equipment, supplies, spare parts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other long-term assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
469.6 | 393.3 | 409.5 | 410.4 | 403.8 | 405.8 | 387.9 |
|
A. LIABILITIES (300=210+330)
|
226.4 | 156.5 | 174.8 | 177.4 | 176.9 | 183.6 | 169.0 |
|
I. Short -term liabilities
|
214.6 | 151.3 | 170.2 | 172.8 | 172.3 | 176.8 | 161.5 |
|
1. Short-term trade accounts payable
|
36.4 | 13.3 | 37.8 | 25.1 | 20.9 | 28.5 | 29.8 |
|
2. Short-term advances from customers
|
0.8 | 0.6 | 0.1 | 0.3 | 0.0 | 0.1 | 0.0 |
|
3. Taxes and other payables to state authorities
|
0.9 | 0.5 | 1.0 | 1.1 | 0.8 | 0.4 | 0.3 |
|
4. Payable to employees
|
0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
|
5. Short-term acrrued expenses
|
0.7 | 0.1 | 0.4 | 0.0 | 0.5 | 3.2 | 6.5 |
|
6. Short-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Construction contract progress payments due to suppliers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Short-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
9. Other short-term payables
|
0.0 | 0.4 | 0.4 | 0.4 | 0.3 | 0.1 | 0.4 |
|
10. Short-term borrowings and financial leases
|
175.1 | 135.7 | 129.9 | 145.4 | 149.2 | 143.9 | 124.0 |
|
11. Provision for short-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12.. Bonus and welfare fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Price stabilization fund
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Government bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Long-term liabilities
|
11.9 | 5.2 | 4.6 | 4.6 | 4.6 | 6.9 | 7.5 |
|
1. Long-term trade payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Long-term advances from customers
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Long-term acrrued expenses
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Inter-company payables on business capital
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Long-term inter-company payables
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Long-term unearned revenue
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Other long-term liabilities
|
0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
|
8. Long-term borrowings and financial leases
|
11.4 | 4.8 | 4.2 | 4.2 | 4.2 | 6.5 | 7.1 |
|
9. Convertible bonds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Preferred stock (Debts)
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Deferred income tax liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
12. Provision for long-term liabilities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Fund for technology development
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
14. Provision for severance allowances
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
B. OWNER'S EQUITY (400=410+430)
|
243.1 | 236.8 | 234.7 | 232.9 | 226.9 | 222.2 | 219.0 |
|
I. Owner's equity
|
243.1 | 236.8 | 234.7 | 232.9 | 226.9 | 222.2 | 219.0 |
|
1. Owner's capital
|
176.8 | 176.8 | 176.8 | 176.8 | 176.8 | 136.0 | 136.0 |
|
- Common stock with voting right
|
176.8 | 176.8 | 176.8 | 176.8 | 176.8 | 136.0 | 136.0 |
|
- Preferred stock
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
3. Convertible bond option
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
4. Other capital of owners
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Treasury shares
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Assets revaluation differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
7. Foreign exchange differences
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
8. Investment and development fund
|
0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
|
9. Fund to support corporate restructuring
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
10. Other funds from owner's equity
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
62.5 | 56.2 | 54.1 | 52.4 | 46.4 | 82.5 | 79.3 |
|
- Accumulated retained earning at the end of the previous period
|
46.4 | 46.4 | 46.4 | 46.4 | 33.7 | 74.5 | 74.5 |
|
- Undistributed earnings in this period
|
16.1 | 9.8 | 7.7 | 6.0 | 12.7 | 8.0 | 4.8 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
3.4 | 3.3 | 3.3 | 3.3 | 3.3 | 3.2 | 3.2 |
|
14. Financial reserves
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Other resources and funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
1. Subsidized not-for-profit funds
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Funds invested in fixed assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
C. MINORITY'S INTEREST
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)
|
469.6 | 393.3 | 409.5 | 410.4 | 403.8 | 405.8 | 387.9 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
6.7 | 2.1 | 2.0 | 6.3 | 5.1 | 3.8 | 4.7 |
|
Depreciation of Fixed Assets and Investment Property
|
2.2 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 4.3 |
|
Provision (Increase)/Reversal
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
0.2 | -0.0 | -0.1 | -0.0 | -0.0 | -0.0 | -0.2 |
|
Interest Expense
|
2.3 | 1.4 | 2.6 | 1.9 | 2.7 | 2.1 | 4.8 |
|
Gain/Loss on Disposal of Fixed Assets
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Income and Dividends
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Amortization of Goodwill
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Adjustments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
11.4 | 5.6 | 6.6 | 10.3 | 9.9 | 8.0 | 13.7 |
|
Increase/(Decrease) in Receivables
|
-34.9 | 52.3 | -37.9 | -6.4 | -11.3 | -10.2 | -30.4 |
|
Increase/(Decrease) in Inventory
|
-34.6 | -11.8 | 36.7 | 4.8 | 21.6 | 8.7 | -9.8 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
23.0 | -23.8 | 12.3 | 4.6 | -10.6 | 1.7 | 19.1 |
|
Increase/(Decrease) in Prepaid Expenses
|
0.1 | 0.2 | 0.0 | 0.2 | -5.0 | 0.1 | 0.1 |
|
Changes in Trading Securities
|
19.5 | -10.6 | -24.5 | 0.0 | -7.8 | 0.0 | 0.0 |
|
Interest Paid
|
-1.8 | -1.8 | -2.0 | -2.4 | -2.2 | -2.4 | -5.1 |
|
Corporate Income Tax Paid
|
0.0 | -0.6 | -0.2 | 0.0 | 0.0 | 0.0 | -0.5 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-17.3 | 9.5 | -8.9 | 11.1 | -5.4 | 5.9 | -12.9 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-43.9 | -0.8 | 0.0 | 0.0 | -5.3 | -0.8 | 0.0 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
-4.4 | 4.4 | 0.0 | -10.4 | 6.0 | -14.0 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
3.9 | -4.4 | 10.4 | 0.0 | 8.0 | 0.0 | 10.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
0.1 | 0.0 | 0.1 | 0.0 | -0.9 | 0.9 | 0.2 |
|
Increase/(Decrease) in Term Deposits
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Acquisition of Non-controlling Interests
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Investing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-43.6 | -0.8 | 10.5 | -10.4 | 7.9 | -13.9 | 10.2 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
106.6 | 94.3 | 71.9 | 73.4 | 90.4 | 64.2 | 150.7 |
|
Repayment of Borrowings
|
-61.9 | -86.0 | -87.0 | -76.9 | -87.0 | -44.6 | -149.0 |
|
Repayment of Finance Leases
|
1.3 | -1.8 | -0.3 | -0.3 | -0.3 | -0.3 | -0.6 |
|
Dividends Paid
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Receipts
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Other Financing Payments
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Financing Activities
|
46.0 | 6.5 | -15.4 | -3.8 | 3.1 | 19.3 | 1.1 |
|
Net Cash Flow During the Period
|
-14.8 | 15.2 | -13.9 | -3.2 | 5.5 | 11.2 | -1.7 |
|
Cash and Cash Equivalents at Beginning of Period
|
23.5 | 8.4 | 22.3 | 25.4 | 10.3 | 10.3 | 10.3 |
|
FX Difference from Revaluation
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 |
|
Cash and Cash Equivalents at End of Period
|
8.7 | 23.5 | 8.4 | 22.3 | 25.4 | 19.9 | 8.7 |
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