ECO
Listed Company · UPCOM
Price
30,500
Latest close
03 Apr 2026
P/E
46.6x
EPS
(TTM)
655
ROE
(TTM)
5.7%
P/B
2.5x
BVPS
(Latest)
11,981
ROA
(TTM)
3.3%
What Is Changing
ECO no longer looks like a business simply rebounding from a weak base. Revenue posted +2.9% YoY, while net margin reached 2.83% with an additional -0.3pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -6.3% in 2025 from 13.0% in the prior period, at VND 13.2bn.
- Net margin declined from 3.11% in the prior period to 2.83% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 467.3 | 454.1 | 276.5 | 141.5 |
| Growth | +3% | +64% | +95% | — |
| Net Income | 13.2 | 14.1 | 12.5 | 1.1 |
| Net Margin | 2.83% | 3.11% | 4.51% | 0.76% |
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
| Revenue | 109.9 | 116.2 | 133.1 | 108.0 | 133.5 | 112.6 | 106.0 |
| Growth | -5% | -13% | +23% | -19% | +19% | +6% | — |
| Net Income | 2.7 | 5.1 | 2.4 | 2.9 | 3.8 | 3.3 | 3.1 |
| Net Margin | 2.45% | 4.41% | 1.79% | 2.66% | 2.88% | 2.93% | 2.96% |
Financial Statements
Profitability
Net margin reached 2.83% while Revenue posted +2.9% YoY.
Balance Sheet
Inventory stood at 84.6bn, liabilities at 203.7bn, and equity at 239.6bn.
Cash Flow
Operating cash flow was -11.3bn in 2024, while investing cash flow was 34.5bn.
Financing cash flow: 18.4bn.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
|
Revenue
|
468.0 | 454.3 | 276.5 | 141.5 |
|
Revenue Deductions
|
0.7 | 0.2 | 0.0 | 0.1 |
|
Net Revenue
|
467.3 | 454.1 | 276.5 | 141.5 |
|
Cost of Goods Sold
|
428.9 | 424.2 | 252.7 | 133.9 |
|
Gross Profit
|
38.4 | 29.9 | 23.9 | 7.6 |
|
Financial Income
|
11.9 | 8.7 | 3.8 | 1.3 |
|
Financial Expenses
|
16.0 | 7.6 | 3.7 | 3.3 |
|
Interest Expense
|
8.4 | 2.4 | 2.2 | 1.7 |
|
Share of Associates and Joint Ventures
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
10.5 | 7.7 | 4.8 | 2.7 |
|
General and Administrative Expenses
|
7.6 | 6.3 | 3.9 | 1.8 |
|
Operating Profit
|
16.3 | 17.0 | 15.3 | 1.1 |
|
Other Income
|
2.6 | 1.2 | 0.7 | 0.0 |
|
Other Expenses
|
1.5 | 0.4 | 0.3 | 0.0 |
|
Other Profit
|
1.1 | 0.8 | 0.4 | -0.0 |
|
Profit Before Tax
|
17.4 | 17.8 | 15.7 | 1.1 |
|
Current Income Tax Expense
|
4.2 | 3.7 | 3.2 | 0.1 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
13.2 | 14.1 | 12.5 | 1.1 |
|
Non-controlling Interest
|
-0.1 | -0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
13.3 | 14.1 | 12.5 | 1.1 |
|
Earnings per Share
|
664.00 | 705.00 | 624.00 | 163.00 |
|
Diluted EPS
|
663.55 | 705.00 | 624.00 | 163.00 |
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
321.0 | 256.8 | 207.1 | 193.6 |
|
I. Cash and cash equivalents
|
37.9 | 52.4 | 10.9 | 55.7 |
|
1. Cash
|
37.9 | 11.8 | 10.9 | 5.7 |
|
2. Cash equivalents
|
0.0 | 40.6 | 0.0 | 50.0 |
|
II. Short-term financial investments
|
51.4 | 45.4 | 69.3 | 3.0 |
|
1. Available for sale securities
|
7.6 | 28.3 | 37.9 | 0.0 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-1.9 | -0.9 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
45.6 | 18.0 | 31.4 | 3.0 |
|
III. Short-term receivables
|
136.4 | 87.6 | 84.1 | 120.1 |
|
1. Short-term trade accounts receivable
|
42.3 | 29.6 | 17.3 | 8.5 |
|
2. Short-term prepayments to suppliers
|
70.6 | 52.9 | 47.9 | 68.9 |
|
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
|
12.5 | 0.0 | 18.0 | 34.5 |
|
6. Other short-term receivables
|
11.1 | 5.0 | 0.9 | 8.2 |
|
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
|
84.6 | 68.9 | 40.8 | 11.5 |
|
1. Inventories
|
84.6 | 68.9 | 40.8 | 11.5 |
|
2. Provision for decline in value of inventories
|
0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
10.8 | 2.6 | 2.0 | 3.3 |
|
1. Short-term prepayments
|
0.3 | 0.3 | 0.3 | 1.0 |
|
2. Value added tax to be reclaimed
|
10.4 | 2.3 | 1.7 | 2.4 |
|
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)
|
122.3 | 58.4 | 57.0 | 52.2 |
|
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
|
10.2 | 17.1 | 24.9 | 20.2 |
|
1. Tangible fixed assets
|
10.2 | 17.1 | 12.8 | 20.2 |
|
- Cost
|
89.7 | 89.8 | 79.1 | 79.1 |
|
- Accumulated depreciation
|
-79.6 | -72.6 | -66.3 | -58.9 |
|
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
|
0.0 | 0.0 | 12.1 | 0.0 |
|
- Cost
|
0.0 | 0.0 | 12.1 | 0.0 |
|
- Accumulated depreciation
|
0.0 | 0.0 | 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
|
41.2 | 0.0 | 0.0 | 0.0 |
|
1. Long-term production in progress
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
41.2 | 0.0 | 0.0 | 0.0 |
|
V. Long-term financial investments
|
32.0 | 32.0 | 32.0 | 32.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
32.0 | 32.0 | 32.0 | 32.0 |
|
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
|
38.8 | 9.3 | 0.1 | 0.1 |
|
1. Long-term prepayments
|
38.8 | 9.3 | 0.1 | 0.1 |
|
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)
|
443.3 | 315.2 | 264.1 | 245.8 |
|
A. LIABILITIES (300=210+330)
|
203.7 | 90.8 | 53.8 | 48.0 |
|
I. Short -term liabilities
|
137.3 | 86.0 | 53.8 | 48.0 |
|
1. Short-term trade accounts payable
|
15.7 | 19.1 | 7.4 | 10.9 |
|
2. Short-term advances from customers
|
4.8 | 5.9 | 0.8 | 1.9 |
|
3. Taxes and other payables to state authorities
|
4.2 | 3.4 | 2.7 | 0.1 |
|
4. Payable to employees
|
1.7 | 1.0 | 0.0 | 0.0 |
|
5. Short-term acrrued expenses
|
0.1 | 0.1 | 0.1 | 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
|
0.4 | 0.4 | 0.3 | 0.1 |
|
10. Short-term borrowings and financial leases
|
110.3 | 56.1 | 42.6 | 34.9 |
|
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
|
66.4 | 4.8 | 0.0 | 0.0 |
|
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
|
66.4 | 4.8 | 0.0 | 0.0 |
|
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)
|
239.6 | 224.4 | 210.3 | 197.8 |
|
I. Owner's equity
|
239.6 | 224.4 | 210.3 | 197.8 |
|
1. Owner's capital
|
200.0 | 200.0 | 200.0 | 200.0 |
|
- Common stock with voting right
|
200.0 | 200.0 | 200.0 | 200.0 |
|
- 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
|
0.0 | 0.0 | 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
|
0.0 | 0.0 | 0.0 | 0.0 |
|
11. Undistributed earnings after tax
|
37.7 | 24.4 | 10.3 | -2.2 |
|
- Accumulated retained earning at the end of the previous period
|
24.4 | 10.3 | -2.2 | -3.3 |
|
- Undistributed earnings in this period
|
13.3 | 14.1 | 12.5 | 1.1 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
1.9 | -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)
|
443.3 | 315.2 | 264.1 | 245.8 |
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
|
Profit Before Tax
|
17.8 | 15.7 | 1.1 |
|
Depreciation of Fixed Assets and Investment Property
|
6.4 | 7.3 | 9.4 |
|
Provision (Increase)/Reversal
|
0.9 | 0.0 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.2 | 0.1 | -0.0 |
|
Gain/Loss from Investment Activities
|
-1.9 | -1.3 | -0.2 |
|
Interest Expense
|
2.4 | 2.2 | 1.7 |
|
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
|
25.9 | 24.0 | 12.0 |
|
Increase/(Decrease) in Receivables
|
-21.8 | 20.3 | -69.2 |
|
Increase/(Decrease) in Inventory
|
-28.1 | -29.3 | 15.5 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
17.8 | -4.5 | 8.2 |
|
Increase/(Decrease) in Prepaid Expenses
|
-9.2 | 0.7 | -0.0 |
|
Changes in Trading Securities
|
9.6 | -37.9 | 0.0 |
|
Interest Paid
|
-2.4 | -2.2 | -1.7 |
|
Corporate Income Tax Paid
|
-3.0 | -0.6 | 0.0 |
|
Other Operating Receipts
|
0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
0.0 | 0.0 | 0.0 |
|
Net Cash Flow from Operating Activities
|
-11.3 | -29.5 | -35.2 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-10.7 | -12.1 | -0.7 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
12.5 | 0.0 | -34.5 |
|
Loans and Purchases of Debt Instruments
|
-46.6 | -111.7 | 0.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
78.1 | 99.7 | 0.0 |
|
Investments in Other Entities
|
0.0 | 0.0 | -32.0 |
|
Proceeds from Investments in Other Entities
|
0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
1.2 | 1.2 | 0.1 |
|
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
|
34.5 | -22.9 | -67.0 |
|
Proceeds from Equity Issuance and Capital Contributions
|
0.0 | 0.0 | 170.0 |
|
Share Repurchases
|
0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
179.7 | 135.8 | 92.8 |
|
Repayment of Borrowings
|
-161.3 | -128.1 | -109.7 |
|
Repayment of Finance Leases
|
0.0 | 0.0 | 0.0 |
|
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
|
18.4 | 7.7 | 153.1 |
|
Net Cash Flow During the Period
|
41.5 | -44.7 | 50.9 |
|
Cash and Cash Equivalents at Beginning of Period
|
10.9 | 55.7 | 4.8 |
|
FX Difference from Revaluation
|
-0.0 | 0.0 | -0.1 |
|
Cash and Cash Equivalents at End of Period
|
52.4 | 10.9 | 55.7 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
|
Revenue
|
110.6 | 116.2 | 133.1 | 108.0 | 133.5 | 112.6 | 106.2 |
|
Revenue Deductions
|
0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
|
Net Revenue
|
109.9 | 116.2 | 133.1 | 108.0 | 133.5 | 112.6 | 106.0 |
|
Cost of Goods Sold
|
103.2 | 103.2 | 121.5 | 100.7 | 124.0 | 107.8 | 99.2 |
|
Gross Profit
|
6.7 | 13.0 | 11.7 | 7.3 | 9.5 | 4.8 | 6.8 |
|
Financial Income
|
4.9 | 2.1 | 2.0 | 2.9 | 2.4 | 2.5 | 1.9 |
|
Financial Expenses
|
3.5 | 4.4 | 5.3 | 2.8 | 2.8 | 0.4 | 2.0 |
|
Interest Expense
|
2.4 | 0.0 | 2.2 | 1.6 | 0.8 | 0.6 | 0.5 |
|
Share of Associates and Joint Ventures
|
-0.1 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Selling Expenses
|
2.4 | 2.6 | 3.2 | 2.3 | 2.6 | 1.7 | 1.5 |
|
General and Administrative Expenses
|
2.3 | 2.0 | 1.7 | 1.8 | 2.6 | 1.2 | 1.2 |
|
Operating Profit
|
3.4 | 6.1 | 3.3 | 3.4 | 4.0 | 4.0 | 3.9 |
|
Other Income
|
0.7 | 0.6 | 0.8 | 0.4 | 0.9 | 0.1 | 0.1 |
|
Other Expenses
|
0.4 | 0.2 | 0.9 | 0.0 | 0.1 | 0.0 | 0.0 |
|
Other Profit
|
0.3 | 0.5 | -0.1 | 0.4 | 0.8 | 0.1 | 0.1 |
|
Profit Before Tax
|
3.7 | 6.6 | 3.2 | 3.8 | 4.8 | 4.0 | 3.9 |
|
Current Income Tax Expense
|
1.0 | 1.5 | 0.8 | 0.9 | 1.0 | 0.7 | 0.8 |
|
Deferred Income Tax Expense
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
2.7 | 5.1 | 2.4 | 2.9 | 3.8 | 3.3 | 3.1 |
|
Non-controlling Interest
|
-0.0 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 | 0.0 |
|
Profit Attributable to Parent
|
2.7 | 5.1 | 2.4 | 2.9 | 3.8 | 3.3 | 3.1 |
|
Earnings per Share
|
135.00 | 257.00 | 119.00 | 144.00 | 192.14 | 164.94 | 157.09 |
|
Diluted EPS
|
135.60 | 257.05 | 119.99 | 144.16 | 192.14 | 164.94 | 157.09 |
| 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)
|
321.0 | 315.0 | 318.9 | 295.6 | 255.0 | 231.5 | 233.9 |
|
I. Cash and cash equivalents
|
37.9 | 11.7 | 91.4 | 12.9 | 52.4 | 10.0 | 22.0 |
|
1. Cash
|
37.9 | 11.1 | 40.6 | 12.3 | 11.8 | 9.4 | 9.0 |
|
2. Cash equivalents
|
0.0 | 0.7 | 50.8 | 0.7 | 40.6 | 0.7 | 13.0 |
|
II. Short-term financial investments
|
51.4 | 32.9 | 28.1 | 30.4 | 45.4 | 36.0 | 35.4 |
|
1. Available for sale securities
|
7.6 | 16.7 | 18.4 | 21.1 | 28.3 | 29.0 | 28.4 |
|
2. Provision for diminution in value of available for sale securities (*)
|
-1.9 | -1.2 | -1.5 | -1.7 | -0.9 | 0.0 | 0.0 |
|
3. Held to maturity investments
|
45.6 | 17.4 | 11.2 | 11.0 | 18.0 | 7.0 | 7.0 |
|
III. Short-term receivables
|
136.4 | 180.3 | 124.3 | 167.9 | 92.2 | 129.3 | 120.8 |
|
1. Short-term trade accounts receivable
|
42.3 | 35.7 | 53.9 | 28.9 | 29.6 | 28.9 | 37.7 |
|
2. Short-term prepayments to suppliers
|
70.6 | 71.5 | 62.4 | 54.9 | 57.8 | 67.5 | 63.1 |
|
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
|
12.5 | 0.0 | 0.0 | 0.0 | 0.0 | 20.1 | 19.8 |
|
6. Other short-term receivables
|
11.1 | 73.1 | 8.1 | 84.1 | 4.8 | 12.7 | 0.3 |
|
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
|
84.6 | 82.5 | 69.6 | 76.9 | 62.4 | 50.8 | 50.8 |
|
1. Inventories
|
84.6 | 82.5 | 69.6 | 76.9 | 62.4 | 50.8 | 50.8 |
|
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
|
10.8 | 7.6 | 5.4 | 7.6 | 2.6 | 5.4 | 5.0 |
|
1. Short-term prepayments
|
0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.5 | 0.6 |
|
2. Value added tax to be reclaimed
|
10.4 | 7.2 | 5.1 | 7.1 | 2.3 | 5.0 | 4.4 |
|
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)
|
122.3 | 92.5 | 85.0 | 87.3 | 88.9 | 62.3 | 54.1 |
|
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
|
10.2 | 11.6 | 13.3 | 15.2 | 17.1 | 28.6 | 22.0 |
|
1. Tangible fixed assets
|
10.2 | 11.6 | 13.3 | 15.2 | 17.1 | 16.5 | 10.0 |
|
- Cost
|
89.7 | 89.7 | 89.6 | 89.6 | 89.8 | 87.3 | 79.8 |
|
- Accumulated depreciation
|
-79.6 | -78.2 | -76.4 | -74.4 | -72.6 | -70.7 | -69.9 |
|
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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12.1 | 12.1 |
|
- 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 |
|
III. Investment properties
|
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 |
|
IV. Long-term assets in progress
|
41.2 | 9.6 | 0.0 | 0.0 | 0.0 | 0.0 | 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
|
41.2 | 9.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Long-term financial investments
|
32.0 | 32.1 | 32.0 | 32.0 | 32.0 | 32.0 | 32.0 |
|
1. Investments in subsidiaries
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
32.0 | 32.1 | 32.0 | 32.0 | 32.0 | 32.0 | 32.0 |
|
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
|
38.8 | 39.2 | 39.7 | 40.0 | 39.8 | 1.7 | 0.0 |
|
1. Long-term prepayments
|
38.8 | 39.2 | 39.7 | 40.0 | 39.8 | 1.7 | 0.0 |
|
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)
|
443.3 | 407.5 | 403.8 | 382.9 | 343.9 | 293.9 | 288.0 |
|
A. LIABILITIES (300=210+330)
|
203.7 | 170.6 | 172.2 | 153.7 | 119.7 | 75.4 | 71.8 |
|
I. Short -term liabilities
|
137.3 | 122.6 | 129.8 | 121.0 | 113.5 | 69.3 | 71.8 |
|
1. Short-term trade accounts payable
|
15.7 | 10.0 | 16.8 | 15.0 | 17.5 | 16.0 | 22.1 |
|
2. Short-term advances from customers
|
4.8 | 3.0 | 2.9 | 5.6 | 5.9 | 8.1 | 6.1 |
|
3. Taxes and other payables to state authorities
|
4.2 | 3.1 | 4.5 | 3.6 | 3.3 | 2.0 | 1.8 |
|
4. Payable to employees
|
1.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
5. Short-term acrrued expenses
|
0.1 | 1.2 | 1.4 | 0.5 | 31.6 | 0.0 | 0.0 |
|
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
|
0.4 | 0.2 | 0.2 | 0.5 | 0.4 | 0.1 | 0.9 |
|
10. Short-term borrowings and financial leases
|
110.3 | 105.1 | 104.0 | 95.7 | 54.7 | 43.0 | 40.7 |
|
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
|
66.4 | 47.9 | 42.4 | 32.7 | 6.2 | 6.1 | 0.0 |
|
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
|
66.4 | 47.9 | 42.4 | 32.7 | 6.2 | 6.1 | 0.0 |
|
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)
|
239.6 | 236.9 | 231.7 | 229.3 | 224.2 | 218.4 | 216.2 |
|
I. Owner's equity
|
239.6 | 236.9 | 231.7 | 229.3 | 224.2 | 218.4 | 216.2 |
|
1. Owner's capital
|
200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 |
|
- Common stock with voting right
|
200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 | 200.0 |
|
- 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
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
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
|
37.7 | 35.0 | 29.7 | 27.3 | 24.2 | 18.4 | 16.2 |
|
- Accumulated retained earning at the end of the previous period
|
24.4 | 24.4 | 24.4 | 24.4 | 10.3 | 10.3 | 10.3 |
|
- Undistributed earnings in this period
|
13.3 | 10.6 | 5.3 | 2.9 | 14.0 | 8.1 | 5.9 |
|
12. Reserves for investment in construction
|
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
1.9 | 2.0 | 2.0 | 2.0 | 0.0 | 0.0 | 0.0 |
|
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)
|
443.3 | 407.5 | 403.8 | 382.9 | 343.9 | 293.9 | 288.0 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
3.7 | 6.6 | 3.3 | 3.8 | 7.4 | 4.0 | 6.1 |
|
Depreciation of Fixed Assets and Investment Property
|
1.4 | 2.0 | 1.9 | 1.9 | 1.9 | 1.6 | 2.9 |
|
Provision (Increase)/Reversal
|
0.7 | -0.2 | -0.2 | 0.8 | 0.9 | -0.8 | 0.8 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
0.2 | 0.0 | -0.1 | 0.0 | 0.2 | -0.2 | 0.3 |
|
Gain/Loss from Investment Activities
|
-0.3 | -0.5 | -0.6 | -0.1 | -1.7 | 0.7 | -0.7 |
|
Interest Expense
|
2.4 | 2.1 | 2.2 | 1.6 | 0.8 | 0.6 | 1.1 |
|
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 | 2.0 | 0.0 | 2.0 | 0.0 | 0.0 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
8.1 | 12.0 | 4.6 | 10.0 | 9.5 | 5.9 | 10.4 |
|
Increase/(Decrease) in Receivables
|
53.2 | -58.9 | 46.6 | -85.5 | 19.4 | -7.9 | -38.5 |
|
Increase/(Decrease) in Inventory
|
-2.1 | -12.8 | 7.2 | -8.0 | -11.6 | -0.3 | -9.8 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
8.3 | -7.0 | -0.7 | -5.3 | 30.9 | -4.7 | 20.4 |
|
Increase/(Decrease) in Prepaid Expenses
|
0.5 | 0.4 | 0.5 | -30.9 | -37.9 | -1.7 | -0.2 |
|
Changes in Trading Securities
|
9.1 | 1.7 | 2.7 | 7.1 | 0.7 | -0.6 | 9.5 |
|
Interest Paid
|
-3.2 | -1.3 | -2.7 | -1.2 | -0.7 | -0.6 | -1.1 |
|
Corporate Income Tax Paid
|
0.0 | -2.9 | 0.0 | -0.6 | -0.3 | -0.4 | -2.3 |
|
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
|
73.9 | -68.8 | 58.2 | -114.3 | 10.0 | -10.2 | -11.5 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-31.7 | -11.0 | -0.0 | 0.0 | -2.5 | -7.4 | -0.8 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.0 | 1.3 | 0.0 | 0.0 | 12.5 | 0.0 | 0.0 |
|
Loans and Purchases of Debt Instruments
|
-40.1 | -6.4 | 0.0 | 0.0 | -11.0 | -8.8 | -26.8 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
0.0 | 0.0 | 0.0 | 7.0 | 20.1 | 8.5 | 49.4 |
|
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 | 2.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
0.3 | 0.6 | 0.2 | 0.4 | 1.5 | -1.2 | 1.3 |
|
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
|
-71.4 | -17.5 | 2.2 | 7.4 | 20.6 | -9.0 | 23.2 |
|
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
|
61.8 | 63.7 | 101.9 | 111.9 | 17.3 | 66.7 | 79.0 |
|
Repayment of Borrowings
|
-38.1 | -57.0 | -83.9 | -44.5 | -5.5 | -58.5 | -80.6 |
|
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 | 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
|
23.7 | 6.6 | 18.1 | 67.4 | 11.8 | 8.2 | -1.7 |
|
Net Cash Flow During the Period
|
26.1 | -79.7 | 78.5 | -39.5 | 42.4 | -10.9 | 10.0 |
|
Cash and Cash Equivalents at Beginning of Period
|
11.7 | 91.4 | 12.9 | 52.4 | 10.9 | 10.9 | 10.9 |
|
FX Difference from Revaluation
|
0.1 | 0.1 | -0.0 | 0.0 | 0.0 | -0.1 | 0.1 |
|
Cash and Cash Equivalents at End of Period
|
37.9 | 11.7 | 91.4 | 12.9 | 52.4 | 10.0 | 21.0 |
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