C32

Đầu tư và Xây dựng 3-2 ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 8.38%, +5.17pp YoY

Price

12,900

Latest close

02 Jun 2026

P/E 3.75x

P/B 0.67x

EPS 3,442

BVPS 19,261

ROE 8.5%

ROA 6.1%

Profit Margin 8.4%

Asset Turnover 0.73x

Equity Mult. 1.39x

TTM · Applied to: EPS, ROE, ROA, Net Margin, Asset Turnover, Debt/Equity

What Is Changing

On a TTM 2026Q1 basis, C32 has not accelerated revenue sharply, but profitability is improving visibly — earnings have been recovering gradually over multiple periods. Profit growth is driven mainly by better operations rather than scale expansion — a foundation that tends to be more durable.

	                            
	                                TTM REVENUE
	                            
	                                    VND 571bn
	                                
+6.2%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 48bn
	                                
+177.3%YoY

Metric	2025	2024	2023	2022	2021
Revenue	546.8	626.8	494.1	571.8	515.9
Growth	-13%	+27%	-14%	+11%	—
Net Income	26.3	8.1	-27.0	20.5	71.1
Net Margin	4.81%	1.30%	-5.46%	3.59%	13.78%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	98.9	220.0	124.2	128.1	74.6	150.7	121.7	190.8	163.6	142.7	131.3	123.3
Growth	-55%	+77%	-3%	+72%	-51%	+24%	-36%	+17%	+15%	+9%	+6%	—
Net Income	10.1	31.1	13.1	-6.4	1.5	5.4	3.9	6.4	-4.1	-5.0	2.9	2.0
Net Margin	10.24%	14.13%	10.55%	-5.01%	2.06%	3.58%	3.21%	3.37%	-2.49%	-3.52%	2.23%	1.63%

Drivers of C32's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 17.1bn

Associates income ↑ 13.2bn

Administrative expenses ↓ 10.8bn

Financial income ↑ 10.5bn

Other profit ↓ 17.0bn

TTM

Net profit attributable to parent increased vs prior quarter, mainly helped by higher associates income. Supporting and offsetting drivers:

Associates income ↑ 8.3bn

Administrative expenses ↓ 2.0bn

Selling expenses ↓ 1.4bn

Gross profit ↑ 1.2bn

Other profit ↓ 2.2bn

Finance costs ↑ 2.1bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 3.2% = 3.2% × 0.66 × 1.51

2026Q1 8.5% = 8.4% × 0.73 × 1.39

ROE rose from 3.2% to 8.5% — mainly driven by asset turnover, despite leverage moving in the opposite direction.

Net margin: 8.4% +5.2pp Asset turnover: 0.73x +0.07x Leverage: 1.39x -0.12x

Is the profit sustainable?

Start with profitability and earnings quality.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 8.38%, rising 5.2pp. The main driver is Gross margin rose 2.3pp and SG&A / Revenue fell 2.0pp, moving in line with the stronger net margin (in addition, Net financial result / Revenue rose 1.7pp added support while Other profit / Revenue fell 3.0pp remained a drag).

The improvement comes from core operations — this is a high-quality margin expansion.

Profitability trend

Net Margin 8.38% +5.2pp

Gross Margin 13.78% +2.3pp

SG&A / Revenue 7.69% −2.0pp

Non-core / Revenue -1.22% −1.3pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Contribution from other income

Profit includes a contribution from other income (34.8% of PBT), not dominant but worth monitoring across periods.

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC may fluctuate with business specifics.

Is capital being deployed efficiently?

Track how much operating profit the business generates on invested capital.

Industry characteristics make ROIC cyclical — this is a reference signal and should be read with the business context.

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin — —

Capital Turnover 0.83x +0.08x

Average Invested Capital 684.4bn −27.6bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Capital structure is conservative with low leverage — liabilities at 0.47x equity, net debt at 0.22x equity.

Inventory ended the period at 111.6bn, roughly 13.3% of total assets.

Over the last 12 months, working capital absorbed 30.0bn of cash, mainly because of lower payables. Part of that drag was offset by lower receivables and lower inventories.

Working Capital Drivers

Receivables decreased → higher CFO: +1.5bn

Inventories decreased → higher CFO: +3.0bn

Payables decreased → lower CFO: −34.4bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 31.3 days versus the same period last year. The main moves came from DIO rose 2.6 days, DSO fell 35.8 days, and DPO fell 1.9 days.

Improvement comes mainly from faster receivables collection — reflects the quality of receivables management.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 138.6 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Inventory turnover is slowing

DIO increased by +2.6 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 50.0 days −35.8 days

Inventory 97.7 days +2.6 days

Payables 9.1 days −1.9 days

Cash Conversion Cycle 138.6 days −31.3 days

Is financial risk significant?

Financial risk is low — leverage is safe, both CFO and FCF are positive.

Leverage & Liquidity

Leverage looks fairly comfortable, with net debt / equity at 0.22x and interest coverage at 4.78x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 27.0% of debt, and total debt stands at 173.1bn.

Watchpoints

Short-term refinancing pressure is meaningful

Short-term debt accounts for 100.0% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.22x +0.00x

Interest Coverage 4.78x +3.72x

Cash / Debt 27.0% +3.8pp

Short-term Debt / Total Debt 100.0% 0.0pp

CFO / NI 0.12x −6.01x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 19.5bn in 2025, against investing cash flow of -11.3bn.

Post-investment cash flow was positive +8.2bn. Financing cash flow was positive +26.5bn.

CFO / net income was 0.12x.

After spending +3.4bn on fixed-asset investment, the business generated trailing free cash flow of +2.3bn.

Cash Conversion

CFO TTM 5.7bn −100.2bn

Cash Capex 3.4bn −4.8bn

FCF TTM +2.3bn −95.4bn

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The brighter spot is operating efficiency, with net margin improving 5.2 pp. The next item to monitor is the earnings mix, when non-core contribution is 10.2%. The main risk still sits in working capital is tied up too long in the operating cycle, with CCC extended to 139 days.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 8.38% after expanding 5.2pp versus the same period last year.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for 10.2% of PBT and CFO / net income currently at 0.12x.

Key risk: working capital remains tied up for too long, with cash cycle at 138.6 days.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	546.8	626.8	494.1	571.8	515.9
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	546.8	626.8	494.1	571.8	515.9
Cost of Goods Sold	469.3	568.8	446.7	510.0	0.0
Gross Profit	77.5	58.0	47.4	61.7	65.7
Financial Income	17.5	6.9	7.8	7.8	58.7
Financial Expenses	23.9	12.5	14.8	21.6	-13.4
Interest Expense	9.1	0.0	17.8	15.2	-12.3
Share of Associates and Joint Ventures	11.5	2.5	-0.0	8.1	12.1
Selling Expenses	32.8	27.3	27.8	22.1	-24.8
General and Administrative Expenses	13.8	21.7	40.7	17.4	-21.9
Operating Profit	36.0	5.8	-28.2	16.5	76.4
Other Income	11.9	2.8	1.4	8.7	0.0
Other Expenses	21.6	0.3	0.2	1.4	0.0
Other Profit	-9.7	2.4	1.2	7.3	7.8
Profit Before Tax	26.3	8.2	-27.0	23.8	84.1
Current Income Tax Expense	—	0.1	0.0	3.3	-13.0
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	26.3	8.1	-27.0	20.5	71.1
Non-controlling Interest	-0.0	-0.0	0.0	0.0	-0.0
Profit Attributable to Parent	26.3	8.1	-27.0	20.5	71.1
Earnings per Share	1,745.00	541.00	-1,795.00	1,298.00	4,638.00
Diluted EPS	874.98	540.87	-1,795.00	1,298.00	4,730.41

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	388.5	293.5	462.6	578.6	541.4
I. Cash and cash equivalents	83.7	49.1	63.2	97.9	113.8
1. Cash	63.7	19.1	49.2	10.9	0.0
2. Cash equivalents	20.0	30.0	14.0	87.0	0.0
II. Short-term financial investments	88.2	50.7	45.8	132.0	0.0
1. Available for sale securities	50.4	55.0	49.9	53.2	0.0
2. Provision for diminution in value of available for sale securities (*)	-5.2	-4.3	-4.1	-7.4	0.0
3. Held to maturity investments	43.0	0.0	0.0	86.1	0.0
III. Short-term receivables	102.9	103.8	254.0	268.5	256.2
1. Short-term trade accounts receivable	102.7	110.8	160.2	128.4	0.0
2. Short-term prepayments to suppliers	18.2	17.5	8.1	22.3	0.0
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	10.7	9.6	115.2	122.4	0.0
7. Provision for short-term doubtful debts (*)	-28.7	-34.1	-29.5	-4.7	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	111.6	85.6	95.8	74.4	72.3
1. Inventories	120.8	94.7	104.0	82.4	0.0
2. Provision for decline in value of inventories	-9.2	-9.1	-8.2	-8.0	0.0
V. Other short-term assets	2.1	4.3	3.8	5.9	0.4
1. Short-term prepayments	0.6	0.7	1.2	0.6	0.0
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	1.5	3.5	2.5	5.3	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)	449.9	495.1	401.9	431.9	431.5
I. Long-term receivables	88.4	104.6	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	88.4	104.6	0.0	0.0	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	125.0	138.3	151.7	169.3	193.0
1. Tangible fixed assets	75.1	86.6	94.8	110.6	132.7
- Cost	249.9	257.7	254.6	253.1	0.0
- Accumulated depreciation	-174.8	-171.1	-159.8	-142.5	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	49.9	51.7	56.9	58.7	60.3
- Cost	97.1	97.1	101.6	101.6	0.0
- Accumulated depreciation	-47.2	-45.4	-44.8	-42.9	0.0
III. Investment properties	8.2	6.3	3.3	3.7	4.3
- Cost	15.5	12.9	8.3	8.3	0.0
- Accumulated depreciation	-7.3	-6.6	-5.1	-4.6	0.0
IV. Long-term assets in progress	4.7	2.5	1.7	2.9	0.4
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	4.7	2.5	1.7	2.9	0.0
V. Long-term financial investments	165.1	183.3	182.6	191.5	168.7
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	156.4	145.3	142.9	159.8	0.0
3. Investments in other entities	22.7	22.7	22.7	22.7	0.0
4. Provision for diminution in value of long-term investments	-14.0	-0.7	-0.2	-0.2	0.0
5. Held to maturity investments	—	16.0	17.3	9.2	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	58.4	60.2	62.6	64.4	0.0
1. Long-term prepayments	58.4	60.2	62.6	64.4	0.0
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	65.1
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)	838.5	788.6	864.5	1,010.4	972.9
A. LIABILITIES (300=210+330)	269.6	245.0	328.6	423.2	411.9
I. Short -term liabilities	269.6	244.9	328.6	394.1	373.3
1. Short-term trade accounts payable	14.3	16.4	19.3	15.2	23.1
2. Short-term advances from customers	16.8	22.1	48.3	8.7	41.3
3. Taxes and other payables to state authorities	0.5	0.2	0.0	0.1	0.0
4. Payable to employees	7.0	7.3	3.3	5.6	0.0
5. Short-term acrrued expenses	24.4	23.4	5.2	38.3	0.0
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	3.7	5.9	5.1	7.4	0.0
10. Short-term borrowings and financial leases	195.4	168.9	245.6	316.4	178.7
11. Provision for short-term liabilities	0.7	0.8	0.9	0.9	0.0
12.. Bonus and welfare fund	6.9	0.0	0.9	1.5	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	0.0	0.0	0.0	29.1	38.6
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	—	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	29.1	38.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	0.0	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)	568.8	543.6	535.9	587.2	561.0
I. Owner's equity	568.8	543.6	535.9	587.2	0.0
1. Owner's capital	300.6	150.3	150.3	150.3	561.0
- Common stock with voting right	300,592,900,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	2.2	2.2	2.2	2.2	2.2
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	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	0.00
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	117.1	216.2	216.2	214.6	0.0
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	147.0	173.0	165.3	218.1	193.3
- Accumulated retained earning at the end of the previous period	120.7	164.8	192.3	198.6	181.8
- Undistributed earnings in this period	26.3	8.1	-27.0	19.5	11.5
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	2.0	2.0	2.0	2.0	2.0
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)	838.5	788.6	864.5	1,010.4	972.9

Item	2025	2024	2023	2022	2021
Profit Before Tax	26.3	8.2	-27.0	23.8	83.3
Depreciation of Fixed Assets and Investment Property	13.5	16.0	24.7	24.8	24.8
Provision (Increase)/Reversal	8.7	6.1	21.7	11.2	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-30.9	-8.6	-7.5	-16.2	0.0
Interest Expense	9.1	11.7	17.8	15.2	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	26.7	33.4	29.8	58.8	101.8
Increase/(Decrease) in Receivables	24.6	39.8	-9.4	-18.6	0.0
Increase/(Decrease) in Inventory	-26.1	9.3	-21.6	-9.4	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-8.6	-6.2	5.8	-59.1	0.0
Increase/(Decrease) in Prepaid Expenses	1.5	2.9	1.1	0.3	0.0
Changes in Trading Securities	4.6	-5.1	3.3	-42.5	0.0
Interest Paid	-9.2	-11.8	-17.9	-15.0	0.0
Corporate Income Tax Paid	—	0.0	0.0	-11.5	0.0
Other Operating Receipts	8.2	0.0	0.9	0.8	0.0
Other Operating Payments	-2.4	-0.9	-2.1	-8.7	0.0
Net Cash Flow from Operating Activities	19.5	61.4	-10.0	-105.0	85.5
Payments for Fixed Assets and Other Long-term Assets	-5.2	-6.4	-5.9	-3.6	-20.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	3.9	0.3	0.9	0.6	7.8
Loans and Purchases of Debt Instruments	-53.0	0.0	-11.8	-39.6	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	26.0	1.3	89.9	45.5	27.3
Investments in Other Entities	—	0.0	0.0	-21.0	-5.6
Proceeds from Investments in Other Entities	—	0.0	0.0	5.2	0.0
Dividends and Interest Income Received	17.0	6.1	17.1	9.9	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-11.3	1.2	90.2	-3.0	31.7
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	-20,100,000.00	0.00
Proceeds from Borrowings	500.6	593.5	493.2	592.0	448.3
Repayment of Borrowings	-474.1	-670.3	-593.1	-463.9	-523.1
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	-15.0	-36.1	-19.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	26.5	-76.7	-114.9	92.1	-93.9
Net Cash Flow During the Period	34.7	-14.2	-34.6	-15.9	64.2
Cash and Cash Equivalents at Beginning of Period	49.1	63.2	97.9	113.8	90.4
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	83.7	49.1	63.2	97.9	113.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	98.9	220.0	124.2	128.1	74.6	150.7	121.7	190.8	163.6	142.7	131.3	123.3
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	98.9	220.0	124.2	128.1	74.6	150.7	121.7	190.8	163.6	142.7	131.3	123.3
Cost of Goods Sold	86.8	191.6	105.4	108.7	63.6	134.8	107.1	170.7	152.4	131.9	121.3	108.3
Gross Profit	12.1	28.4	18.8	19.4	10.9	15.9	14.5	20.2	11.2	10.8	10.0	15.0
Financial Income	0.9	11.6	2.5	2.5	0.8	2.7	0.9	2.6	0.6	0.8	1.5	3.1
Financial Expenses	3.6	2.9	3.2	2.9	1.6	4.7	3.3	2.0	2.0	5.8	1.4	4.1
Interest Expense	2.6	2.7	1.8	2.3	2.3	2.8	2.9	2.9	3.1	4.0	3.8	4.9
Share of Associates and Joint Ventures	7.9	7.8	4.8	0.2	-0.4	4.5	1.5	1.8	-6.0	0.3	1.4	2.4
Selling Expenses	4.7	8.5	9.6	8.5	6.1	8.3	5.7	8.7	4.6	7.3	5.8	8.7
General and Administrative Expenses	3.7	5.1	4.2	-0.5	5.7	5.1	4.5	8.1	4.1	4.1	3.9	4.4
Operating Profit	8.8	31.3	9.0	11.2	-2.0	5.1	3.4	5.8	-4.9	-5.4	2.0	3.5
Other Income	1.7	0.3	5.3	2.3	3.7	0.4	0.7	0.8	0.8	0.3	1.2	0.1
Other Expenses	0.4	0.0	1.3	19.9	0.2	0.1	0.2	0.2	0.0	0.0	0.2	0.3
Other Profit	1.3	0.3	4.1	-17.6	3.5	0.3	0.5	0.7	0.8	0.3	1.0	-0.2
Profit Before Tax	10.1	31.6	13.1	-6.4	1.5	5.4	4.0	6.4	-4.1	-5.1	3.0	3.2
Current Income Tax Expense	—	0.6	—	—	—	0.0	0.1	0.0	0.0	-0.0	0.0	1.2
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	10.1	31.1	13.1	-6.4	1.5	5.4	3.9	6.4	-4.1	-5.0	2.9	2.0
Non-controlling Interest	-0.0	0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0	0.0	0.0	0.0
Profit Attributable to Parent	10.1	31.1	13.1	-6.4	1.5	5.4	3.9	6.4	-4.1	-5.0	2.9	2.0
Earnings per Share	674.00	2,324.00	871.00	-427.00	88.00	359.00	260.00	428.00	-271.00	-335.00	195.00	133.00
Diluted EPS	336.84	2,306.00	871.27	-427.33	102.07	674.00	234.00	384.00	-282.00	-324.00	179.00	117.00

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	347.0	388.1	313.8	291.2	277.2	293.4	318.5	343.3	472.9	486.5	445.7	438.9
I. Cash and cash equivalents	46.8	83.7	64.4	50.6	35.6	49.1	50.3	23.5	28.6	63.2	19.3	58.1
1. Cash	46.8	63.7	28.3	18.6	8.6	19.1	36.3	9.5	14.6	49.2	5.3	16.6
2. Cash equivalents	—	20.0	36.0	32.0	27.0	30.0	14.0	14.0	14.0	14.0	14.0	41.5
II. Short-term financial investments	91.7	88.2	44.9	49.7	50.3	50.7	44.0	47.4	44.9	45.8	51.3	47.1
1. Available for sale securities	55.0	50.4	49.8	53.8	53.8	55.0	46.4	49.4	47.9	49.9	53.6	44.3
2. Provision for diminution in value of available for sale securities (*)	-6.2	-5.2	-4.9	-4.1	—	-4.3	-2.4	-2.0	-3.0	-4.1	-2.3	-4.7
3. Held to maturity investments	43.0	43.0	—	—	-3.6	0.0	0.0	0.0	0.0	0.0	0.0	7.6
III. Short-term receivables	79.8	103.0	80.8	65.5	60.1	103.8	123.0	175.0	288.6	278.1	265.9	249.0
1. Short-term trade accounts receivable	86.5	102.8	83.3	75.3	69.9	110.8	113.8	168.8	183.0	160.2	142.5	129.0
2. Short-term prepayments to suppliers	12.2	18.2	13.8	11.0	12.1	17.5	34.7	29.9	14.8	8.1	9.6	4.5
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	0.0	0.0	0.0	0.0
6. Other short-term receivables	9.1	10.7	13.0	9.7	13.2	9.6	8.6	10.3	120.3	115.2	119.2	120.6
7. Provision for short-term doubtful debts (*)	-27.9	-28.7	-29.3	-30.4	-35.0	-34.1	-34.1	-34.1	-29.5	-5.4	-5.4	-5.1
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	121.2	111.6	119.9	120.2	124.5	85.6	98.9	94.1	106.6	95.7	104.3	79.3
1. Inventories	130.4	120.8	128.7	130.5	133.3	94.7	106.1	101.6	114.8	104.0	112.2	86.6
2. Provision for decline in value of inventories	-9.2	-9.2	-8.8	-10.3	-8.8	-9.2	-7.1	-7.5	-8.2	-8.3	-7.9	-7.4
V. Other short-term assets	7.5	1.6	3.9	5.2	6.6	4.3	2.3	3.4	4.1	3.7	4.9	5.4
1. Short-term prepayments	0.7	0.6	0.9	0.6	0.7	0.7	0.6	0.6	0.7	1.2	0.9	1.1
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	6.8	0.9	3.0	4.6	6.0	3.5	1.6	2.9	3.4	2.5	4.0	4.3
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)	452.5	463.6	470.6	489.9	489.8	494.5	490.1	492.7	390.2	415.1	425.3	418.3
I. Long-term receivables	88.4	88.4	104.8	109.8	104.6	104.6	105.1	105.1	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	88.4	88.4	104.8	109.8	104.6	104.6	105.1	105.1	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	120.3	125.0	127.7	131.2	135.1	141.7	140.7	142.7	145.7	151.7	155.5	159.9
1. Tangible fixed assets	72.6	75.1	77.4	80.4	83.9	86.6	85.2	86.7	89.3	94.8	98.2	102.1
- Cost	249.8	—	—	—	—	257.7	255.1	253.9	254.7	254.6	252.6	254.3
- Accumulated depreciation	-177.2	—	—	—	—	-171.1	-169.9	-167.2	-165.5	-159.8	-154.4	-152.2
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	47.7	49.9	50.3	50.8	51.2	55.1	55.5	56.0	56.4	56.9	57.4	57.8
- Cost	95.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-47.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	8.0	8.2	8.4	8.6	6.2	2.9	3.0	3.1	3.2	3.3	3.4	3.5
- Cost	15.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-7.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	5.5	4.7	2.9	2.8	5.1	2.5	3.1	3.0	2.5	1.7	2.6	2.1
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	5.5	4.7	2.9	2.8	5.1	2.5	3.1	3.0	2.5	1.7	2.6	2.1
V. Long-term financial investments	173.0	178.8	167.5	178.7	179.1	182.7	178.1	178.4	176.6	195.9	200.4	189.0
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	164.3	156.8	145.6	140.7	141.1	144.7	140.2	138.7	136.9	156.1	158.7	157.3
3. Investments in other entities	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7
4. Provision for diminution in value of long-term investments	-14.0	-0.7	-0.7	-0.7	-0.7	-0.7	-0.7	-0.2	-0.2	-0.2	-0.2	-0.2
5. Held to maturity investments	—	—	—	16.0	16.0	16.0	16.0	17.3	17.3	17.3	19.2	9.2
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	57.3	58.4	59.2	58.8	59.8	60.2	60.2	60.4	62.2	62.6	63.3	63.8
1. Long-term prepayments	57.3	58.4	59.2	58.8	59.8	60.2	60.2	60.4	62.2	62.6	63.3	63.8
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)	799.5	851.7	784.5	781.1	767.0	787.9	808.7	836.0	863.0	901.6	871.0	857.2
A. LIABILITIES (300=210+330)	220.5	269.7	233.3	243.7	221.8	241.0	267.2	298.1	331.2	328.5	292.9	282.9
I. Short -term liabilities	220.5	269.7	233.2	243.7	221.8	241.0	267.2	298.1	331.2	328.5	270.9	258.4
1. Short-term trade accounts payable	10.0	14.3	18.9	15.2	14.5	16.4	14.2	22.3	14.2	19.3	12.7	25.3
2. Short-term advances from customers	18.9	16.8	25.1	34.6	18.6	22.1	25.6	31.3	49.4	48.3	24.0	29.9
3. Taxes and other payables to state authorities	0.1	0.5	19.7	19.7	—	0.2	0.4	0.0	0.0	0.0	0.0	0.1
4. Payable to employees	1.7	7.0	2.6	3.3	3.0	7.6	4.7	2.7	2.7	3.4	2.7	2.9
5. Short-term acrrued expenses	5.3	24.4	17.7	16.6	24.2	19.2	20.7	11.3	2.8	5.0	10.3	5.2
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	0.1	0.0	0.1	0.0	0.1	0.0
9. Other short-term payables	4.4	3.7	4.4	5.0	7.1	5.9	6.1	5.2	4.7	5.1	6.0	7.3
10. Short-term borrowings and financial leases	173.1	195.4	137.2	140.8	153.9	168.9	195.1	225.5	257.3	245.6	213.4	186.2
11. Provision for short-term liabilities	0.5	0.7	0.7	0.7	0.5	0.8	0.4	0.5	0.7	0.9	0.9	0.6
12.. Bonus and welfare fund	6.4	6.9	7.0	7.8	—	0.0	0.0	-0.7	-0.7	0.9	0.9	0.9
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	22.0	24.5
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Long-term borrowings and financial leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	22.0	24.5
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	0.0	0.0	0.0	0.0	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)	579.0	582.0	551.2	537.4	545.2	546.9	541.5	537.9	531.9	573.1	578.2	574.2
I. Owner's equity	579.0	582.0	551.2	537.4	545.2	546.9	541.5	537.9	531.9	573.1	578.2	574.2
1. Owner's capital	300.6	300.6	150.3	150.3	150.3	150.3	150.3	150.3	150.3	150.3	150.3	150.3
- Common stock with voting right	300,592,900,000.00	300,592,900,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00	150,301,450,000.00
- Preferred stock	41,021,957.00	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2	2.2
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	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00	-20,100,000.00
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	117.1	117.1	217.1	217.1	216.2	216.2	216.2	216.2	216.2	216.2	216.2	216.2
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	157.1	160.2	179.7	165.9	174.5	176.3	170.8	167.3	161.2	202.5	207.5	203.6
- Accumulated retained earning at the end of the previous period	147.0	120.7	171.3	171.3	173.0	164.9	164.9	164.9	165.3	200.9	200.9	200.9
- Undistributed earnings in this period	10.1	39.4	8.4	-5.4	1.5	11.3	5.9	2.4	-4.1	1.5	6.6	2.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0	2.0
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)	799.5	851.7	784.5	781.1	767.0	787.9	808.7	836.0	863.0	901.6	871.0	857.2

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	10.1	17.9	12.8	-5.9	1.5	5.4	4.4	5.7	-4.1	-33.6	2.8	2.9
Depreciation of Fixed Assets and Investment Property	3.1	3.7	3.2	3.3	3.3	3.2	3.3	3.3	6.2	6.1	6.2	6.2
Provision (Increase)/Reversal	0.2	13.3	-1.2	-2.9	-0.5	4.4	0.2	2.9	-1.3	26.1	-1.6	-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	-3.0	-19.1	-6.8	-0.2	-4.8	-2.6	-6.0	2.3	-0.6	5.2	-4.8	-5.4
Interest Expense	2.6	2.7	1.8	2.3	2.3	2.8	2.9	3.0	3.1	3.8	3.8	4.9
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	13.0	18.4	9.9	-3.5	1.9	13.1	4.8	17.2	3.3	7.7	6.4	8.7
Increase/(Decrease) in Receivables	17.3	-0.6	-10.6	-4.7	40.5	17.3	53.0	4.3	-35.2	-15.5	-15.6	-12.8
Increase/(Decrease) in Inventory	-9.6	7.9	1.8	2.9	-38.6	11.4	-4.5	13.2	-10.8	8.2	-25.6	-0.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-29.4	-20.1	-7.3	22.3	-3.6	-4.2	0.9	-7.0	-1.7	28.1	-17.7	8.2
Increase/(Decrease) in Prepaid Expenses	1.0	0.7	-0.7	1.1	0.5	-0.1	0.1	1.9	1.0	0.4	0.6	0.0
Changes in Trading Securities	-4.6	—	—	—	—	-8.6	3.0	-1.5	2.0	3.7	-9.3	8.9
Interest Paid	-2.6	-2.6	-1.9	-2.4	-2.3	-2.7	-3.0	-3.0	-3.1	-3.7	-3.8	-5.0
Corporate Income Tax Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Receipts	6.3	—	—	—	—	0.0	1.5	-0.2	0.2	-0.0	0.0	0.9
Other Operating Payments	-5.6	-0.1	-2.2	-0.1	-0.0	-0.0	-1.3	0.7	-1.6	-0.4	0.4	-0.5
Net Cash Flow from Operating Activities	-14.2	-2.1	-1.7	23.7	-0.4	26.2	54.5	25.6	-45.9	28.4	-64.5	7.5
Payments for Fixed Assets and Other Long-term Assets	-0.8	-2.2	-0.1	-0.3	-2.6	-3.6	-1.0	-0.9	-0.7	-1.3	-1.3	-2.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.1	0.7	3.0	0.1	0.0	0.0	0.1	0.0	0.2	0.3	0.2
Loans and Purchases of Debt Instruments	—	-69.0	16.0	—	—	0.0	1.3	0.0	0.0	0.0	-10.0	-1.8
Receipts from Loan Repayments and Sale of Debt Instruments	—	26.0	—	—	—	0.0	0.0	0.0	0.0	2.0	7.6	80.4
Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.3	-0.3	0.3	-0.3	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	-0.3	0.3	0.0
Dividends and Interest Income Received	0.2	8.3	2.5	1.6	4.5	2.5	2.5	1.7	0.4	4.3	4.3	7.7
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	-0.5	-36.8	19.1	4.4	2.0	-1.1	2.7	1.3	-0.7	5.2	1.0	84.3
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	-350,000,000.00	350,000,000.00	-350,000,000.00	350,000,000.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	350,000,000.00	-350,000,000.00	0.00
Proceeds from Borrowings	93.9	199.4	112.8	115.8	72.6	116.6	118.9	168.9	189.1	127.3	145.6	107.9
Repayment of Borrowings	-116.1	-141.2	-116.4	-128.8	-87.6	-142.8	-149.4	-200.6	-177.5	-117.0	-121.0	-209.3
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	-15.0
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	-22.2	58.2	-3.7	-13.0	-15.0	-26.2	-30.4	-32.1	12.0	10.3	24.7	-116.5
Net Cash Flow During the Period	-37.0	19.3	13.7	15.0	-13.4	-1.2	26.8	-5.2	-34.6	43.9	-38.8	-24.7
Cash and Cash Equivalents at Beginning of Period	83.7	64.4	50.6	35.6	49.1	63.2	63.2	63.2	63.2	97.9	97.9	97.9
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	46.8	83.7	64.4	50.6	35.6	49.1	50.3	23.5	28.6	63.2	19.3	58.1

Explore Other Stocks In The Same Sector

VCS, VLB, HT1, MVC, THG, KSB, NNC, LBM, FIC, DHA, LIC, BMJ, HUB, VIT, MTA, TLD, SCL, PDB, CVT, MDG, CLH, RYG, QNC, BTS, CMD, HCC, S74, VHL, PCC, YBM, VCX, CCM, BCC, GND, HOM, TRT, TLT, BTD, TNT, FCM, GMH, GMX, ACE, KHD, SCJ, VIH, CDG, CQT, BDT, YBC, AMC, SDY, KSQ, NHC, EME, TMX, TAB, XMD, TDF, DDB, DAC, MCC, HMR, TTC, NXT, DID, TCR, DIC, MIC, VIM, DXV, VTS, HPM, TXM, SCC, DCR, DKG, LMC, GKM, BHC, TTZ, X77, LQN, VHH, SPI, BTN, HLY, DGT, VTA, CMI, DTC, DND, ILA, CYC, LCC, PTE, HVX, BT6, DCT, CTA, KHL, PX1

Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.

C32

What Is Changing

Drivers of C32's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ▲▲

Is capital being used efficiently?

Is capital being deployed efficiently? ●

Balance Sheet ●

Working Capital Efficiency ▲▲

Is financial risk significant?

Leverage & Liquidity ▲

Cash Flow ▼

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow