DAG

Listed Company · UPCOM

Price

—

Latest close

P/E —

EPS (TTM) 0

ROE (TTM) -0.0%

P/B —

BVPS (Latest) —

ROA (TTM) 0.0%

What Is Changing

DAG has not yet shown a broad-based top-line recovery. Revenue posted -100.0% YoY, but net margin reached -49.92% with an additional -50.2pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

Net Margin fell below its recent low, compressing 5025bps to -49.92% in 2023.
Revenue decreased 100.0% YoY to VND 0.0bn in 2025.
Quarterly Net Income decreased 100.0% YoY to VND 0.0bn in 2025Q4.

Metric	2025	2023	2022	2021	2020
Revenue	0.0	1,215.5	2,243.0	1,936.2	1,767.4
Growth	-100%	-46%	+16%	+10%	—
Net Income	0.0	-606.8	7.4	8.9	11.4
Net Margin	—	-49.92%	0.33%	0.46%	0.65%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	0.0	0.0	0.0	0.0	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9
Growth	—	—	—	—	-100%	+82%	-1%	-86%	-47%	-28%	+16%	—
Net Income	0.0	0.0	0.0	0.0	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1
Net Margin	—	—	—	—	—	-120.36%	-49.61%	-72.84%	-7.59%	-25.66%	-3.83%	0.01%

Financial Statements

Profitability

Net margin reached -49.92% while Revenue posted -100.0% YoY.

Balance Sheet

Inventory stood at 0.0bn, liabilities at 0.0bn, and equity at 0.0bn.

Cash Flow

Operating cash flow was -15.1bn in 2023, while investing cash flow was 182.6bn.

Financing cash flow: -167.5bn.

Item	2025	2023	2022	2021	2020
Revenue	0.0	1,215.5	2,272.7	1,936.2	1,767.4
Revenue Deductions	0.0	0.0	29.7	0.0	0.0
Net Revenue	0.0	1,215.5	2,243.0	1,936.2	1,767.4
Cost of Goods Sold	0.0	1,587.4	2,132.9	0.0	0.0
Gross Profit	0.0	-371.9	110.1	112.1	113.6
Financial Income	0.0	11.9	10.2	7.5	0.3
Financial Expenses	0.0	90.7	69.3	-63.4	-45.6
Interest Expense	0.0	89.9	67.2	-60.4	-45.3
Share of Associates and Joint Ventures	0.0	0.0	0.0	-0.0	-0.0
Selling Expenses	0.0	9.9	9.3	-9.8	-31.0
General and Administrative Expenses	0.0	148.2	29.0	-24.9	-20.4
Operating Profit	0.0	-608.8	12.8	21.6	16.9
Other Income	0.0	6.2	3.7	0.0	0.0
Other Expenses	0.0	4.2	2.0	0.0	0.0
Other Profit	0.0	2.1	1.7	-6.0	-2.0
Profit Before Tax	0.0	-606.8	14.5	15.5	14.9
Current Income Tax Expense	0.0	0.0	7.1	-6.6	-3.5
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	0.0	-606.8	7.4	8.9	11.4
Non-controlling Interest	0.0	0.0	0.0	-0.0	-0.0
Profit Attributable to Parent	0.0	-606.8	7.4	8.9	11.4
Earnings per Share	0.00	-10,187.00	124.00	234.00	221.00
Diluted EPS	0.00	-10,059.84	124.06	148.92	220.82

Item	2023	2022	2021	2020
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	799.0	1,447.7	1,362.5	1,030.1
I. Cash and cash equivalents	2.6	2.6	57.8	38.5
1. Cash	2.6	2.6	0.0	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0
II. Short-term financial investments	0.0	97.4	0.0	0.0
1. Available for sale securities	0.0	0.0	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	0.0	97.4	0.0	0.0
III. Short-term receivables	230.8	360.2	444.0	344.6
1. Short-term trade accounts receivable	298.9	305.7	0.0	0.0
2. Short-term prepayments to suppliers	33.5	29.7	0.0	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	16.9	24.8	0.0	0.0
7. Provision for short-term doubtful debts (*)	-118.5	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0
IV. Inventories	557.6	969.3	782.8	599.7
1. Inventories	962.0	969.3	0.0	0.0
2. Provision for decline in value of inventories	-404.4	0.0	0.0	0.0
V. Other short-term assets	8.0	18.3	7.1	47.4
1. Short-term prepayments	0.1	0.8	0.0	0.0
2. Value added tax to be reclaimed	7.7	17.5	0.0	0.0
3. Taxes and other receivables from state authorities	0.2	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)	643.3	730.8	668.0	718.2
I. Long-term receivables	10.8	16.7	0.0	0.0
1. Long-term trade receivables	0.0	0.0	21.3	28.7
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	10.8	16.7	0.0	0.0
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0
II. Fixed assets	582.8	621.6	586.7	579.4
1. Tangible fixed assets	393.0	404.1	329.6	304.3
- Cost	726.6	701.7	0.0	0.0
- Accumulated depreciation	-333.6	-297.5	0.0	0.0
2. Financial leased fixed assets	189.3	217.2	256.8	274.5
- Cost	242.7	254.9	0.0	0.0
- Accumulated depreciation	-53.4	-37.6	0.0	0.0
3. Intangible fixed assets	0.5	0.2	0.4	0.6
- Cost	3.0	2.2	0.0	0.0
- Accumulated depreciation	-2.5	-2.0	0.0	0.0
III. Investment properties	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
IV. Long-term assets in progress	36.9	59.3	18.7	91.2
1. Long-term production in progress	0.0	0.0	0.0	0.0
2. Construction in progress	36.9	59.3	0.0	0.0
V. Long-term financial investments	0.0	5.6	10.0	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	5.6	0.0	0.0
6. Other long-term investments	0.0	0.0	0.0	0.0
VI. Other long-term assets	12.9	27.6	0.0	0.0
1. Long-term prepayments	12.9	27.6	0.0	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	31.2	18.8
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)	1,442.3	2,178.5	2,030.4	1,748.3
A. LIABILITIES (300=210+330)	1,362.1	1,491.6	1,348.0	1,071.0
I. Short -term liabilities	871.1	1,244.9	967.8	839.4
1. Short-term trade accounts payable	33.3	192.1	113.7	120.4
2. Short-term advances from customers	40.4	42.4	61.8	109.2
3. Taxes and other payables to state authorities	8.9	8.8	0.0	0.0
4. Payable to employees	4.7	3.8	0.0	0.0
5. Short-term acrrued expenses	37.8	2.0	0.0	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	0.2	0.7	0.0
9. Other short-term payables	9.6	16.4	0.0	0.0
10. Short-term borrowings and financial leases	721.0	963.7	749.5	563.5
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	15.4	15.4	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	491.0	246.7	380.2	231.7
1. Long-term trade payables	1.2	1.2	3.1	0.0
2. Long-term advances from customers	0.0	0.0	154.5	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	0.1	0.1	0.0	0.0
8. Long-term borrowings and financial leases	489.6	245.4	221.2	231.3
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)	80.2	687.0	682.4	677.3
I. Owner's equity	80.2	687.0	0.0	0.0
1. Owner's capital	603.1	595.6	682.4	677.3
- Common stock with voting right	603.1	595.6	595.6	518.0
- Preferred stock	0.0	0.0	0.0	0.0
2. Share premium	0.5	8.0	8.0	8.0
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	41.5	41.5	0.0	0.0
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	23.1	23.1	0.0	0.0
11. Undistributed earnings after tax	-588.1	18.7	15.5	97.7
- Accumulated retained earning at the end of the previous period	18.7	11.3	6.9	97.7
- Undistributed earnings in this period	-606.8	7.4	8.6	0.0
12. Reserves for investment in construction	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	0.0
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)	1,442.3	2,178.5	2,030.4	1,748.3

Item	2023	2022	2021	2020
Profit Before Tax	-606.8	14.5	15.2	13.6
Depreciation of Fixed Assets and Investment Property	67.6	69.3	62.1	-3.1
Provision (Increase)/Reversal	523.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-8.2	0.5	0.0	0.0
Gain/Loss from Investment Activities	-5.6	-7.4	0.0	0.0
Interest Expense	89.9	67.2	0.0	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	60.0	144.1	134.9	65.6
Increase/(Decrease) in Receivables	240.2	65.1	0.0	0.0
Increase/(Decrease) in Inventory	14.1	-190.9	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-324.4	-101.8	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	15.4	3.2	0.0	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0
Interest Paid	-54.0	-66.3	0.0	0.0
Corporate Income Tax Paid	-0.7	-10.7	0.0	0.0
Other Operating Receipts	34.4	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	-15.1	-157.3	-89.1	154.3
Payments for Fixed Assets and Other Long-term Assets	-54.7	-50.7	-21.6	-164.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	33.2	0.0	34.9	72.9
Loans and Purchases of Debt Instruments	257.3	-49.8	-110.8	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	-58.4	40.8	30.0	0.0
Investments in Other Entities	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	5.3	3.6	0.0	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	182.6	-56.1	-65.8	-91.5
Proceeds from Equity Issuance and Capital Contributions	0.0	0.0	0.0	0.0
Share Repurchases	0.0	0.0	-0.0	0.0
Proceeds from Borrowings	1,204.9	2,176.3	1,856.8	1,862.2
Repayment of Borrowings	-1,325.3	-1,974.6	-1,614.3	-1,798.3
Repayment of Finance Leases	-47.1	-45.0	-63.2	-139.2
Dividends Paid	0.0	0.0	-6.3	0.0
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	-167.5	156.7	173.0	-75.3
Net Cash Flow During the Period	0.0	-56.6	41.4	6.3
Cash and Cash Equivalents at Beginning of Period	2.6	59.8	39.6	47.9
FX Difference from Revaluation	0.0	-0.5	0.0	0.0
Cash and Cash Equivalents at End of Period	2.6	2.6	57.8	38.5

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	0.0	0.0	0.0	0.0	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9
Revenue Deductions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	0.0	0.0	0.0	0.0	0.0	55.3	30.3	30.7	213.8	400.4	558.8	480.9
Cost of Goods Sold	0.0	0.0	0.0	0.0	0.0	81.1	41.1	32.3	206.6	393.7	545.6	448.5
Gross Profit	0.0	0.0	0.0	0.0	0.0	-25.7	-10.7	-1.6	7.1	6.7	13.2	32.4
Financial Income	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.4	7.8	4.5	1.5	3.2
Financial Expenses	0.0	0.0	0.0	0.0	50.5	36.5	1.5	15.9	21.3	15.4	24.7	23.0
Interest Expense	0.0	0.0	0.0	0.0	0.0	36.5	1.5	15.9	0.0	14.1	24.7	20.8
Share of Associates and Joint Ventures	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	0.0	0.0	0.0	0.0	0.0	0.2	0.2	0.9	1.9	2.4	3.2	2.5
General and Administrative Expenses	0.0	0.0	0.0	0.0	129.6	4.3	2.7	4.5	6.7	95.2	8.4	8.0
Operating Profit	0.0	0.0	0.0	0.0	-180.0	-66.6	-15.1	-22.5	-15.0	-101.9	-21.6	2.1
Other Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.1	0.5	1.2	0.7
Other Expenses	0.0	0.0	0.0	0.0	0.6	0.0	0.0	0.0	1.4	1.3	0.8	1.2
Other Profit	0.0	0.0	0.0	0.0	-0.5	0.0	0.0	0.2	-1.3	-0.8	0.3	-0.5
Profit Before Tax	0.0	0.0	0.0	0.0	-180.5	-66.6	-15.1	-22.3	-16.2	-102.6	-21.3	1.6
Current Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	1.5
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	0.0
Net Income	0.0	0.0	0.0	0.0	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1
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	0.0	0.0	0.0	0.0	-180.5	-66.6	-15.1	-22.3	-16.2	-102.7	-21.4	0.1
Earnings per Share	0.00	0.00	0.00	0.00	-3,960.00	-10,187.00	-264.00	-392.00	-285.00	-1,804.00	-359.00	1.00
Diluted EPS	0.00	0.00	0.00	0.00	-2,993.27	-1,104.43	-249.57	-370.31	-269.03	-1,724.77	-359.22	1.11

Item	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	572.3	774.4	1,253.1	1,401.4	1,442.9	1,700.4	1,844.9	1,510.5
I. Cash and cash equivalents	4.0	0.8	0.9	6.3	6.9	11.1	1.4	2.6
1. Cash	4.0	0.8	0.9	6.3	6.9	11.1	1.4	2.6
2. Cash equivalents	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	0.0	0.0	0.0	0.0	45.5	59.7	111.1	103.0
1. Available for sale securities	0.0	0.0	0.0	0.0	0.0	0.0	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	0.0
3. Held to maturity investments	0.0	0.0	0.0	0.0	45.5	59.7	111.1	103.0
III. Short-term receivables	90.3	230.8	312.0	521.0	471.0	656.7	689.9	405.8
1. Short-term trade accounts receivable	289.4	298.9	300.8	381.7	376.3	450.2	599.6	331.1
2. Short-term prepayments to suppliers	16.6	33.5	41.4	172.4	68.4	104.7	38.7	33.0
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	10.9
4. Construction contract progress receipts due from customers	0.0	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	-104.5	0.0	36.6	0.0	0.0
6. Other short-term receivables	21.3	16.9	56.9	158.6	113.4	65.2	51.7	30.7
7. Provision for short-term doubtful debts (*)	-237.1	-118.5	-87.2	-87.2	-87.2	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	472.8	534.5	928.4	856.5	908.1	960.3	1,022.9	979.0
1. Inventories	838.3	896.3	962.5	890.6	942.3	960.3	1,022.9	979.0
2. Provision for decline in value of inventories	-365.5	-361.8	-34.1	-34.1	-34.1	0.0	0.0	0.0
V. Other short-term assets	5.2	8.2	11.9	17.6	11.4	12.6	19.6	20.1
1. Short-term prepayments	4.3	0.1	4.3	9.1	4.0	1.8	2.0	1.4
2. Value added tax to be reclaimed	0.9	7.9	7.4	8.5	7.3	10.8	17.6	18.7
3. Taxes and other receivables from state authorities	0.0	0.2	0.2	0.0	0.1	0.0	0.0	0.0
4. Government bonds	0.0	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	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	570.1	620.4	483.7	773.1	690.3	678.4	701.8	729.2
I. Long-term receivables	10.8	10.8	10.8	105.3	10.8	10.8	18.9	16.8
1. Long-term trade receivables	0.0	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	0.0
3. Capital at inter-company	0.0	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	0.0
5. Long-term loan receivables	0.0	0.0	0.0	94.5	0.0	0.0	0.0	0.0
6. Other long-term receivables	10.8	10.8	10.8	10.8	10.8	10.8	18.9	16.8
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	509.0	560.6	560.9	615.3	629.3	569.5	592.0	619.3
1. Tangible fixed assets	351.1	377.1	377.1	392.2	400.6	378.5	380.7	308.6
- Cost	725.5	724.4	724.4	723.4	723.6	686.8	688.2	589.6
- Accumulated depreciation	-374.5	-347.4	-347.4	-331.2	-323.0	-308.2	-307.5	-281.1
2. Financial leased fixed assets	157.7	183.2	183.2	222.7	227.9	190.1	210.3	310.5
- Cost	0.0	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	0.0
3. Intangible fixed assets	0.3	0.4	0.6	0.5	0.8	0.8	0.9	0.2
- Cost	0.0	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	0.0
III. Investment properties	0.0	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	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	38.2	36.9	39.4	39.0	36.6	73.0	59.0	64.5
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	38.2	36.9	39.4	39.0	36.6	73.0	59.0	64.5
V. Long-term financial investments	0.0	0.0	-139.5	0.0	0.0	0.0	5.6	0.0
1. Investments in subsidiaries	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	0.0	0.0	0.0	0.0	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	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	0.0
5. Held to maturity investments	0.0	0.0	0.0	0.0	0.0	0.0	5.6	0.0
6. Other long-term investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	12.2	12.2	12.2	13.5	13.7	25.1	26.4	28.7
1. Long-term prepayments	12.2	12.2	12.2	13.5	13.7	25.1	26.4	28.7
2. Deferred income tax assets	0.0	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	0.0
4. Other long-term assets	0.0	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	0.0
VII. Goodwill (before 2015)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,142.5	1,394.8	1,736.9	2,174.5	2,133.3	2,378.8	2,546.7	2,239.8
A. LIABILITIES (300=210+330)	1,253.0	1,367.6	1,392.9	1,744.8	1,626.8	1,816.5	1,880.9	1,552.8
I. Short -term liabilities	885.7	954.1	979.5	1,487.9	1,266.2	1,618.0	1,656.8	1,305.8
1. Short-term trade accounts payable	33.2	61.1	61.1	61.7	103.3	234.4	284.7	230.8
2. Short-term advances from customers	46.3	46.4	46.4	176.2	204.2	298.7	281.1	47.7
3. Taxes and other payables to state authorities	8.0	10.5	10.5	8.1	9.3	11.1	10.4	8.7
4. Payable to employees	0.3	0.6	0.6	2.6	3.0	6.9	2.7	3.3
5. Short-term acrrued expenses	44.9	25.6	25.6	25.6	13.8	2.9	2.0	2.6
6. Short-term inter-company payables	0.0	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	0.0
8. Short-term unearned revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2
9. Other short-term payables	1.5	60.9	60.9	175.2	9.2	83.8	49.1	33.4
10. Short-term borrowings and financial leases	736.1	733.6	758.9	1,022.9	908.1	964.8	1,011.4	963.7
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4
13. Price stabilization fund	0.0	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	0.0
II. Long-term liabilities	367.4	413.4	413.4	256.9	360.5	198.5	224.1	247.0
1. Long-term trade payables	1.2	1.2	1.2	1.2	1.2	1.2	1.2	1.2
2. Long-term advances from customers	0.0	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	0.0
4. Inter-company payables on business capital	0.0	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	0.0
6. Long-term unearned revenue	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1
8. Long-term borrowings and financial leases	366.0	412.1	412.1	255.6	359.2	197.3	222.8	245.7
9. Convertible bonds	0.0	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	0.0
11. Deferred income tax liabilities	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	0.0
13. Fund for technology development	0.0	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	0.0
B. OWNER'S EQUITY (400=410+430)	-110.6	27.3	344.0	429.7	506.5	562.3	665.5	686.9
I. Owner's equity	-110.6	27.3	344.0	429.7	506.5	562.3	665.5	686.9
1. Owner's capital	603.1	603.1	603.1	603.1	603.1	595.6	595.6	595.6
- Common stock with voting right	603.1	603.1	603.1	603.1	603.1	595.6	595.6	595.6
- Preferred stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Share premium	0.5	0.5	0.5	0.5	0.5	8.0	8.0	8.0
3. Convertible bond option	0.0	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	0.0
5. Treasury shares	-0.0	-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	0.0
7. Foreign exchange differences	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	41.5	41.5	41.5	41.5	41.5	41.5	41.5	41.5
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0	0.0	0.0	0.0	23.1
10. Other funds from owner's equity	23.1	23.1	23.1	23.1	23.1	23.1	23.1	0.0
11. Undistributed earnings after tax	-778.8	-641.0	-324.3	-238.5	-161.8	-105.9	-2.8	18.7
- Accumulated retained earning at the end of the previous period	-6.5	-588.1	12.6	18.7	18.7	18.7	18.7	11.5
- Undistributed earnings in this period	-772.3	-52.9	-336.9	-257.2	-180.5	-124.6	-21.5	7.2
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	0.0	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	0.0
1. Subsidized not-for-profit funds	0.0	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	0.0
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,142.5	1,394.8	1,736.9	2,174.5	2,133.3	2,378.8	2,546.4	2,239.8

Item	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Profit Before Tax	-235.9	15.1	-15.1	-75.3	-16.0	-144.4	-21.3	9.3
Depreciation of Fixed Assets and Investment Property	72.4	-19.5	19.5	-2.8	18.7	22.6	17.0	20.7
Provision (Increase)/Reversal	-84.3	121.3	-121.3	33.4	-34.5	122.5	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	9.8	-10.5	0.7	0.0	0.5
Gain/Loss from Investment Activities	-0.1	0.1	-0.1	2.6	-0.1	-1.3	-1.2	0.4
Interest Expense	58.5	-1.5	1.5	-62.7	22.4	15.6	24.7	20.2
Gain/Loss on Disposal of Fixed Assets	0.0	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	0.0
Amortization of Goodwill	0.0	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	0.0
Operating Profit Before Changes in Working Capital	-189.4	115.5	-115.5	-95.0	-20.0	15.6	19.2	51.2
Increase/(Decrease) in Receivables	-9.6	-94.0	94.0	-57.3	-5.0	179.9	-366.9	540.0
Increase/(Decrease) in Inventory	203.9	-0.5	0.5	47.7	17.8	62.8	-53.6	-67.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-7.9	-20.0	20.0	-314.0	-84.2	-255.0	442.8	-553.2
Increase/(Decrease) in Prepaid Expenses	3.5	-3.5	3.5	-4.9	10.9	-1.4	1.1	-1.1
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	0.0	1.5	-1.5	49.0	-9.8	-14.5	-24.7	-19.3
Corporate Income Tax Paid	2.3	-0.0	0.0	-0.1	-0.6	10.6	-10.7	0.0
Other Operating Receipts	0.0	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	0.0
Net Cash Flow from Operating Activities	2.8	-0.9	0.9	-374.7	-90.8	-2.0	7.3	-50.2
Payments for Fixed Assets and Other Long-term Assets	0.0	0.0	0.0	0.0	23.8	-29.8	-1.7	19.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	-5.6	-0.2	4.6	1.3	-5.0
Loans and Purchases of Debt Instruments	0.0	0.0	0.0	45.5	-30.1	101.3	-116.7	-30.7
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	0.0	0.0	44.1	-44.1	103.0	40.8
Investments in Other Entities	0.0	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	0.0
Dividends and Interest Income Received	0.1	-0.1	0.1	-2.6	-1.2	2.6	1.2	-1.8
Increase/(Decrease) in Term Deposits	0.0	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	0.0
Other Investing Receipts	0.0	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	0.0
Net Cash Flow from Investing Activities	0.1	-0.1	0.1	37.2	36.4	34.6	-12.9	22.9
Proceeds from Equity Issuance and Capital Contributions	0.0	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	0.0
Proceeds from Borrowings	0.0	0.0	0.0	18.0	241.6	243.5	562.2	544.9
Repayment of Borrowings	-1.5	1.5	-1.5	318.9	-194.5	-278.1	-523.5	-607.6
Repayment of Finance Leases	0.0	0.0	0.0	0.0	2.8	-8.5	-13.9	65.9
Dividends Paid	0.0	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	0.0
Other Financing Payments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-1.5	1.5	-1.5	336.9	49.9	-43.0	24.8	3.2
Net Cash Flow During the Period	1.4	0.5	-0.5	-0.5	-4.5	-10.4	19.2	-24.0
Cash and Cash Equivalents at Beginning of Period	2.6	0.0	1.4	2.6	2.6	2.6	1.4	59.8
FX Difference from Revaluation	0.0	0.0	0.0	0.0	0.0	-0.0	0.0	-0.5
Cash and Cash Equivalents at End of Period	4.0	0.0	0.9	6.3	6.9	11.4	20.6	2.6

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