L18
Listed Company · HNX
Price
23,400
Latest close
03 Apr 2026
P/E
6.3x
EPS
(TTM)
3,743
ROE
(TTM)
18.9%
P/B
1.1x
BVPS
(Latest)
21,795
ROA
(TTM)
3.1%
What Is Changing
L18 has not yet shown a broad-based top-line recovery. Revenue posted -2.0% YoY, but net margin reached 3.85% with an additional -0.7pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.
- Net Income growth slowed to -17.3% in 2025 from 292.4% in the prior period, at VND 185.9bn.
- Net margin declined from 4.57% in the prior period to 3.85% in 2025.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 4,825.8 | 4,924.7 | 3,081.9 | 2,212.2 | 2,880.0 |
| Growth | -2% | +60% | +39% | -23% | — |
| Net Income | 185.9 | 224.8 | 57.3 | 44.0 | 46.8 |
| Net Margin | 3.85% | 4.57% | 1.86% | 1.99% | 1.63% |
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,408.3 | 807.2 | 907.8 | 702.5 | 1,557.8 | 1,211.0 | 1,188.3 | 967.5 | 1,089.3 | 725.5 | 966.0 | 302.6 |
| Growth | +198% | -11% | +29% | -55% | +29% | +2% | +23% | -11% | +50% | -25% | +219% | — |
| Net Income | 128.6 | 21.9 | 23.3 | 14.4 | 95.4 | 102.5 | 15.2 | 12.2 | 29.6 | 13.5 | 13.6 | 1.5 |
| Net Margin | 5.34% | 2.71% | 2.56% | 2.06% | 6.12% | 8.46% | 1.28% | 1.26% | 2.72% | 1.86% | 1.41% | 0.48% |
Financial Statements
Profitability
Net margin reached 3.85% while Revenue posted -2.0% YoY.
Balance Sheet
Inventory stood at 2,903.9bn, liabilities at 4,791.4bn, and equity at 994.6bn.
Cash Flow
Operating cash flow was 34.9bn in 2025, while investing cash flow was -170.0bn.
Financing cash flow: 141.1bn.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Revenue
|
4,825.8 | 4,924.7 | 3,081.9 | 2,212.2 | 2,880.0 |
|
Revenue Deductions
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Revenue
|
4,825.8 | 4,924.7 | 3,081.9 | 2,212.2 | 2,880.0 |
|
Cost of Goods Sold
|
4,419.0 | 4,294.6 | 2,877.1 | 2,080.3 | 0.0 |
|
Gross Profit
|
406.8 | 630.1 | 204.8 | 131.9 | 152.5 |
|
Financial Income
|
7.1 | 4.3 | 6.2 | 3.5 | 3.2 |
|
Financial Expenses
|
62.5 | 100.3 | 61.0 | 37.4 | -26.7 |
|
Interest Expense
|
60.6 | 87.2 | 59.9 | 36.1 | -25.8 |
|
Share of Associates and Joint Ventures
|
0.1 | 0.8 | 0.7 | 0.4 | 0.5 |
|
Selling Expenses
|
10.3 | 25.0 | 2.5 | 0.0 | -0.0 |
|
General and Administrative Expenses
|
99.8 | 205.9 | 121.6 | 67.4 | -94.0 |
|
Operating Profit
|
241.4 | 304.0 | 26.7 | 30.9 | 35.4 |
|
Other Income
|
18.0 | 24.1 | 47.2 | 25.3 | 0.0 |
|
Other Expenses
|
28.4 | 20.3 | 0.8 | 0.4 | 0.0 |
|
Other Profit
|
-10.5 | 3.7 | 46.4 | 24.9 | 23.8 |
|
Profit Before Tax
|
231.0 | 307.8 | 73.1 | 55.8 | 59.3 |
|
Current Income Tax Expense
|
44.4 | 86.9 | 15.9 | 11.8 | -12.4 |
|
Deferred Income Tax Expense
|
0.6 | -3.9 | -0.2 | 0.1 | 0.0 |
|
Net Income
|
185.9 | 224.8 | 57.3 | 44.0 | 46.8 |
|
Non-controlling Interest
|
19.1 | 20.9 | 15.2 | 13.4 | 14.1 |
|
Profit Attributable to Parent
|
166.8 | 204.0 | 42.1 | 30.6 | 32.8 |
|
Earnings per Share
|
3,636.00 | 5,351.00 | 1,104.00 | 804.00 | 334.00 |
|
Diluted EPS
|
3,646.43 | 5,351.47 | 1,103.51 | 803.72 | 859.81 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
5,188.2 | 4,539.0 | 5,048.5 | 3,074.2 | 2,667.9 |
|
I. Cash and cash equivalents
|
346.8 | 340.6 | 264.5 | 203.9 | 47.8 |
|
1. Cash
|
188.2 | 326.3 | 259.2 | 135.0 | 0.0 |
|
2. Cash equivalents
|
158.6 | 14.3 | 5.3 | 69.0 | 0.0 |
|
II. Short-term financial investments
|
51.6 | 48.3 | 45.1 | 0.1 | 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
|
51.6 | 48.3 | 45.1 | 0.1 | 0.0 |
|
III. Short-term receivables
|
1,838.6 | 1,445.9 | 1,344.4 | 1,245.0 | 1,369.9 |
|
1. Short-term trade accounts receivable
|
1,318.1 | 1,159.3 | 1,093.2 | 1,057.0 | 0.0 |
|
2. Short-term prepayments to suppliers
|
479.7 | 362.1 | 241.8 | 145.6 | 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
|
88.0 | 14.0 | 5.2 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
121.5 | 98.3 | 107.8 | 120.9 | 0.0 |
|
7. Provision for short-term doubtful debts (*)
|
-168.7 | -187.7 | -103.7 | -78.6 | 0.0 |
|
8. Assets awaiting resolution
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
2,903.9 | 2,633.0 | 3,323.1 | 1,581.2 | 1,160.3 |
|
1. Inventories
|
2,915.1 | 2,638.6 | 3,323.1 | 1,581.2 | 0.0 |
|
2. Provision for decline in value of inventories
|
-11.2 | -5.6 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
47.4 | 71.2 | 71.4 | 43.9 | 89.9 |
|
1. Short-term prepayments
|
2.5 | 1.1 | 1.1 | 1.3 | 0.0 |
|
2. Value added tax to be reclaimed
|
44.7 | 70.1 | 70.3 | 42.6 | 0.0 |
|
3. Taxes and other receivables from state authorities
|
0.1 | 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)
|
597.9 | 525.0 | 468.5 | 472.6 | 481.4 |
|
I. Long-term receivables
|
0.5 | 0.0 | 0.1 | 0.1 | 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
|
0.5 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other long-term receivables
|
0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
|
7. Provision for long-term doubtful debts
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
II. Fixed assets
|
373.0 | 342.6 | 340.1 | 342.1 | 377.5 |
|
1. Tangible fixed assets
|
357.5 | 325.3 | 327.5 | 333.0 | 373.5 |
|
- Cost
|
825.1 | 759.9 | 725.4 | 693.0 | 0.0 |
|
- Accumulated depreciation
|
-467.6 | -434.6 | -397.8 | -360.1 | 0.0 |
|
2. Financial leased fixed assets
|
12.7 | 15.0 | 10.7 | 7.3 | 2.7 |
|
- Cost
|
19.0 | 19.0 | 12.4 | 7.8 | 0.0 |
|
- Accumulated depreciation
|
-6.3 | -3.9 | -1.7 | -0.5 | 0.0 |
|
3. Intangible fixed assets
|
2.8 | 2.3 | 1.9 | 1.8 | 1.3 |
|
- Cost
|
3.7 | 3.0 | 2.5 | 2.3 | 0.0 |
|
- Accumulated depreciation
|
-0.9 | -0.7 | -0.6 | -0.5 | 0.0 |
|
III. Investment properties
|
46.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Cost
|
46.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
- Accumulated depreciation
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Long-term assets in progress
|
12.9 | 3.7 | 4.1 | 4.1 | 0.9 |
|
1. Long-term production in progress
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Construction in progress
|
12.9 | 3.7 | 4.1 | 4.1 | 0.0 |
|
V. Long-term financial investments
|
80.3 | 119.5 | 100.9 | 100.5 | 64.1 |
|
1. Investments in subsidiaries
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Investments in associates, joint-ventures
|
10.0 | 68.1 | 63.8 | 63.1 | 0.0 |
|
3. Investments in other entities
|
85.4 | 30.6 | 2.7 | 2.7 | 0.0 |
|
4. Provision for diminution in value of long-term investments
|
-15.1 | -14.1 | -1.8 | -1.6 | 0.0 |
|
5. Held to maturity investments
|
— | 35.0 | 36.3 | 36.3 | 0.0 |
|
6. Other long-term investments
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
VI. Other long-term assets
|
85.2 | 59.1 | 23.3 | 25.9 | 0.0 |
|
1. Long-term prepayments
|
66.0 | 37.4 | 22.6 | 25.4 | 0.0 |
|
2. Deferred income tax assets
|
4.0 | 4.6 | 0.7 | 0.5 | 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 | 38.8 |
|
5. Goodwill
|
15.3 | 17.1 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
5,786.1 | 5,064.0 | 5,517.0 | 3,546.8 | 3,149.2 |
|
A. LIABILITIES (300=210+330)
|
4,791.4 | 4,279.7 | 4,915.1 | 2,928.2 | 2,559.8 |
|
I. Short -term liabilities
|
3,668.3 | 3,334.6 | 4,142.5 | 2,104.8 | 1,962.8 |
|
1. Short-term trade accounts payable
|
927.4 | 889.0 | 736.9 | 769.2 | 750.2 |
|
2. Short-term advances from customers
|
1,349.2 | 764.9 | 861.6 | 288.9 | 211.2 |
|
3. Taxes and other payables to state authorities
|
40.5 | 195.4 | 937.5 | 13.6 | 0.0 |
|
4. Payable to employees
|
84.0 | 93.4 | 85.4 | 62.5 | 0.0 |
|
5. Short-term acrrued expenses
|
8.5 | 24.7 | 45.8 | 25.9 | 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
|
0.2 | 0.7 | 0.6 | 0.4 | 0.0 |
|
9. Other short-term payables
|
83.9 | 171.6 | 177.5 | 65.3 | 0.0 |
|
10. Short-term borrowings and financial leases
|
1,096.5 | 1,134.1 | 1,234.5 | 816.6 | 545.5 |
|
11. Provision for short-term liabilities
|
60.2 | 48.8 | 51.7 | 52.6 | 0.0 |
|
12.. Bonus and welfare fund
|
17.9 | 11.9 | 11.0 | 9.8 | 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
|
1,123.1 | 945.2 | 772.6 | 823.4 | 596.9 |
|
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
|
0.9 | 0.7 | 0.8 | 0.2 | 0.0 |
|
8. Long-term borrowings and financial leases
|
963.4 | 824.4 | 714.3 | 762.7 | 537.1 |
|
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
|
158.8 | 120.0 | 57.5 | 60.5 | 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)
|
994.6 | 784.2 | 601.9 | 618.6 | 589.5 |
|
I. Owner's equity
|
994.6 | 784.2 | 601.9 | 618.6 | 0.0 |
|
1. Owner's capital
|
457.4 | 381.2 | 381.2 | 381.2 | 589.5 |
|
- Common stock with voting right
|
457.4 | 381.2 | 381.2 | 381.2 | 381.2 |
|
- Preferred stock
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
14.3 | 14.4 | 14.4 | 14.4 | 14.4 |
|
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
|
39.7 | 38.6 | 38.1 | 37.9 | 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
|
290.8 | 210.2 | 46.8 | 64.6 | 33.2 |
|
- Accumulated retained earning at the end of the previous period
|
124.0 | 6.2 | 4.7 | 34.0 | 0.4 |
|
- Undistributed earnings in this period
|
166.8 | 204.0 | 42.1 | 30.6 | 32.8 |
|
12. Reserves for investment in construction
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
13. Minority's interest
|
192.4 | 139.9 | 121.5 | 120.6 | 123.7 |
|
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)
|
5,786.1 | 5,064.0 | 5,517.0 | 3,546.8 | 3,149.2 |
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
|
Profit Before Tax
|
231.0 | 307.8 | 73.1 | 55.8 | 0.0 |
|
Depreciation of Fixed Assets and Investment Property
|
42.0 | 39.3 | 40.6 | 43.0 | 0.0 |
|
Provision (Increase)/Reversal
|
37.7 | 161.5 | 21.5 | -15.2 | 0.0 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-0.1 | -0.0 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-7.6 | -4.5 | -6.2 | -3.5 | 0.0 |
|
Interest Expense
|
60.6 | 87.2 | 59.9 | 36.1 | 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
|
363.6 | 591.2 | 188.8 | 116.3 | 0.0 |
|
Increase/(Decrease) in Receivables
|
-345.9 | -350.6 | -147.8 | 179.6 | 0.0 |
|
Increase/(Decrease) in Inventory
|
-276.5 | 684.5 | -1,741.9 | -420.9 | 0.0 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
464.1 | -729.7 | 1,616.0 | -111.4 | 0.0 |
|
Increase/(Decrease) in Prepaid Expenses
|
-30.0 | -14.7 | 3.1 | 13.1 | 0.0 |
|
Changes in Trading Securities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-67.0 | -83.8 | -59.9 | -28.8 | 0.0 |
|
Corporate Income Tax Paid
|
-85.7 | -23.8 | -11.8 | -10.8 | 0.0 |
|
Other Operating Receipts
|
29.9 | 111.5 | 0.0 | 0.0 | 0.0 |
|
Other Operating Payments
|
-17.7 | -60.2 | -3.6 | -3.5 | 0.0 |
|
Net Cash Flow from Operating Activities
|
34.9 | 124.5 | -157.1 | -266.4 | -603.4 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-125.7 | -35.1 | -38.6 | -14.7 | -7.1 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.5 | 0.3 | 0.1 | 0.0 | 0.2 |
|
Loans and Purchases of Debt Instruments
|
-185.8 | -78.1 | -50.2 | -35.0 | -15.5 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
137.1 | 96.5 | 0.0 | 0.0 | 0.1 |
|
Investments in Other Entities
|
— | -3.4 | 0.0 | 0.0 | -32.1 |
|
Proceeds from Investments in Other Entities
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
3.9 | 4.1 | 6.2 | 3.5 | 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
|
-170.0 | -15.8 | -82.5 | -46.1 | -50.9 |
|
Proceeds from Equity Issuance and Capital Contributions
|
49.0 | 7.3 | 0.0 | 0.0 | 187.3 |
|
Share Repurchases
|
— | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
2,256.3 | 2,804.3 | 2,892.5 | 1,934.6 | 2,113.4 |
|
Repayment of Borrowings
|
-2,150.8 | -2,794.5 | -2,520.4 | -1,453.6 | -1,760.6 |
|
Repayment of Finance Leases
|
-4.2 | -5.5 | -2.6 | -1.7 | -1.5 |
|
Dividends Paid
|
-9.2 | -44.2 | -69.4 | -10.5 | -24.0 |
|
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
|
141.1 | -32.5 | 300.1 | 468.8 | 514.6 |
|
Net Cash Flow During the Period
|
6.0 | 76.2 | 60.5 | 156.2 | -125.6 |
|
Cash and Cash Equivalents at Beginning of Period
|
340.6 | 264.5 | 203.9 | 47.8 | 187.5 |
|
FX Difference from Revaluation
|
0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
346.8 | 340.6 | 264.5 | 203.9 | 47.8 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
2,408.3 | 807.2 | 907.8 | 702.5 | 1,557.8 | 1,211.0 | 1,188.3 | 967.5 | 1,089.3 | 725.5 | 966.0 | 302.6 |
|
Revenue Deductions
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Revenue
|
2,408.3 | 807.2 | 907.8 | 702.5 | 1,557.8 | 1,211.0 | 1,188.3 | 967.5 | 1,089.3 | 725.5 | 966.0 | 302.6 |
|
Cost of Goods Sold
|
2,255.4 | 743.6 | 839.8 | 626.1 | 1,465.0 | 922.6 | 1,023.3 | 883.6 | 983.8 | 676.6 | 917.6 | 274.4 |
|
Gross Profit
|
152.9 | 63.6 | 68.1 | 76.4 | 92.8 | 288.4 | 165.0 | 83.9 | 105.6 | 49.0 | 48.5 | 28.2 |
|
Financial Income
|
2.8 | 3.2 | 0.6 | 1.3 | 1.5 | 2.2 | 0.5 | 0.1 | 0.3 | 0.8 | 3.0 | 0.2 |
|
Financial Expenses
|
11.2 | 16.7 | 15.7 | 11.5 | 35.6 | 17.6 | 25.2 | 21.4 | 18.9 | 16.2 | 16.1 | 13.0 |
|
Interest Expense
|
11.3 | 15.2 | 15.7 | 11.1 | 30.4 | 17.2 | 18.2 | 21.4 | 18.1 | 15.9 | 15.9 | 12.8 |
|
Share of Associates and Joint Ventures
|
0.1 | 0.0 | 0.0 | 0.0 | 0.4 | 0.1 | 0.2 | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 |
|
Selling Expenses
|
1.8 | 3.3 | 3.2 | 2.1 | -0.2 | 7.0 | 13.1 | 5.2 | 3.0 | 0.0 | 0.0 | 0.0 |
|
General and Administrative Expenses
|
0.9 | 23.1 | 21.7 | 21.6 | -16.6 | 102.9 | 76.6 | 43.1 | 63.2 | 19.2 | 20.1 | 15.3 |
|
Operating Profit
|
141.8 | 23.7 | 28.1 | 42.5 | 76.0 | 163.2 | 50.8 | 14.4 | 20.9 | 14.6 | 15.5 | 0.2 |
|
Other Income
|
17.5 | 2.6 | 4.0 | 1.0 | 18.0 | 1.9 | 2.9 | 1.2 | 16.1 | 2.6 | 2.8 | 2.1 |
|
Other Expenses
|
1.9 | 1.2 | 4.9 | 20.6 | -14.9 | 17.4 | 17.8 | 0.1 | 0.1 | 0.1 | 0.4 | 0.0 |
|
Other Profit
|
15.6 | 1.4 | -1.0 | -19.6 | 33.0 | -15.5 | -14.9 | 1.1 | 16.1 | 2.5 | 2.4 | 2.0 |
|
Profit Before Tax
|
157.4 | 25.1 | 27.1 | 22.9 | 109.0 | 147.7 | 35.9 | 15.5 | 37.0 | 17.1 | 17.9 | 2.2 |
|
Current Income Tax Expense
|
28.7 | 3.0 | 3.7 | 8.3 | 17.0 | 45.8 | 20.8 | 3.2 | 7.4 | 3.6 | 4.2 | 0.8 |
|
Deferred Income Tax Expense
|
0.2 | 0.2 | 0.2 | 0.2 | -3.4 | -0.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net Income
|
128.6 | 21.9 | 23.3 | 14.4 | 95.4 | 102.5 | 15.2 | 12.2 | 29.6 | 13.5 | 13.6 | 1.5 |
|
Non-controlling Interest
|
10.7 | 2.4 | 4.5 | 1.9 | 3.8 | 10.4 | 4.3 | 2.2 | 4.9 | 4.3 | 5.2 | 0.9 |
|
Profit Attributable to Parent
|
117.8 | 19.6 | 18.7 | 12.6 | 91.6 | 92.0 | 10.9 | 10.0 | 24.7 | 9.1 | 8.5 | 0.5 |
|
Earnings per Share
|
2,576.16 | 427.64 | 409.09 | 329.68 | 2,402.84 | 2,414.53 | 286.35 | 262.43 | 647.90 | 239.88 | 222.01 | 14.28 |
|
Diluted EPS
|
2,576.16 | 427.64 | 409.09 | 329.68 | 2,402.84 | 2,414.53 | 286.35 | 262.43 | 647.90 | 239.88 | 222.01 | 14.28 |
| Item | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
A. SHORT-TERM ASSETS (100=110+120+130+140+150)
|
5,188.4 | 4,771.0 | 4,547.0 | 4,318.9 | 4,530.2 | 4,300.8 | 4,483.1 | 4,611.6 | 5,051.0 | 3,545.6 | 3,416.3 | 3,238.4 |
|
I. Cash and cash equivalents
|
346.8 | 113.2 | 117.8 | 195.7 | 340.6 | 49.2 | 159.8 | 112.6 | 259.4 | 92.8 | 44.3 | 37.1 |
|
1. Cash
|
188.2 | 83.8 | 111.5 | 177.6 | 326.3 | 42.0 | 140.4 | 107.5 | 259.2 | 74.3 | 33.9 | 29.6 |
|
2. Cash equivalents
|
158.6 | 29.4 | 6.3 | 18.1 | 14.3 | 7.2 | 19.4 | 5.1 | 0.2 | 18.5 | 10.4 | 7.5 |
|
II. Short-term financial investments
|
51.6 | 48.3 | 48.3 | 48.3 | 48.3 | 45.1 | 45.1 | 45.1 | 50.2 | 35.2 | 30.1 | 30.1 |
|
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
|
51.6 | 48.3 | 48.3 | 48.3 | 48.3 | 45.1 | 45.1 | 45.1 | 50.2 | 35.2 | 30.1 | 30.1 |
|
III. Short-term receivables
|
1,837.6 | 1,507.2 | 1,550.1 | 1,388.5 | 1,437.2 | 1,300.9 | 1,249.3 | 1,224.9 | 1,345.7 | 1,314.4 | 1,309.5 | 1,255.3 |
|
1. Short-term trade accounts receivable
|
1,318.0 | 977.1 | 1,045.7 | 955.0 | 1,143.4 | 1,018.3 | 895.8 | 930.1 | 1,094.6 | 1,004.1 | 990.8 | 933.5 |
|
2. Short-term prepayments to suppliers
|
480.1 | 557.5 | 563.3 | 478.2 | 369.3 | 408.5 | 358.1 | 271.6 | 241.6 | 268.4 | 250.3 | 235.9 |
|
3. Short-term inter-company receivables
|
— | — | — | — | 0.0 | 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 | 0.0 |
|
5. Short-term loan receivables
|
88.0 | 25.7 | 12.8 | 25.2 | 14.0 | 14.6 | 14.8 | 4.7 | 0.0 | 0.0 | 0.0 | 0.0 |
|
6. Other short-term receivables
|
120.3 | 125.4 | 108.4 | 114.8 | 98.2 | 111.8 | 155.4 | 140.9 | 110.9 | 117.2 | 144.8 | 162.5 |
|
7. Provision for short-term doubtful debts (*)
|
-168.7 | -178.4 | -180.1 | -184.7 | -187.7 | -252.3 | -174.8 | -122.5 | -101.4 | -75.2 | -76.4 | -76.6 |
|
8. Assets awaiting resolution
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
IV. Inventories
|
2,905.1 | 3,040.5 | 2,783.4 | 2,645.3 | 2,632.9 | 2,849.1 | 2,982.7 | 3,168.5 | 3,324.3 | 2,040.4 | 1,957.9 | 1,853.5 |
|
1. Inventories
|
2,916.3 | 3,046.1 | 2,789.0 | 2,650.9 | 2,638.5 | 2,854.7 | 2,982.7 | 3,168.5 | 3,324.3 | 2,040.4 | 1,957.9 | 1,853.5 |
|
2. Provision for decline in value of inventories
|
-11.2 | -5.6 | -5.6 | -5.6 | -5.6 | -5.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
V. Other short-term assets
|
47.4 | 61.8 | 47.5 | 41.1 | 71.2 | 56.5 | 46.1 | 60.5 | 71.3 | 62.8 | 74.4 | 62.5 |
|
1. Short-term prepayments
|
2.5 | 2.4 | 2.2 | 1.3 | 1.1 | 1.0 | 1.0 | 1.2 | 1.1 | 0.8 | 1.0 | 0.9 |
|
2. Value added tax to be reclaimed
|
44.7 | 59.3 | 45.2 | 39.5 | 70.1 | 55.5 | 44.8 | 59.4 | 70.2 | 61.7 | 73.2 | 61.5 |
|
3. Taxes and other receivables from state authorities
|
0.1 | 0.1 | 0.2 | 0.3 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 | 0.2 | 0.2 | 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)
|
598.6 | 577.7 | 623.0 | 568.3 | 525.4 | 535.2 | 508.1 | 473.7 | 469.3 | 466.0 | 463.0 | 466.8 |
|
I. Long-term receivables
|
0.5 | 0.5 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
|
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
|
0.5 | 0.5 | 0.5 | — | 0.0 | 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 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
|
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
|
373.0 | 362.8 | 357.1 | 372.2 | 342.6 | 334.9 | 342.9 | 338.1 | 340.1 | 334.3 | 336.7 | 338.3 |
|
1. Tangible fixed assets
|
357.5 | 347.4 | 341.1 | 346.6 | 325.3 | 317.0 | 325.1 | 320.9 | 327.5 | 323.5 | 325.7 | 329.5 |
|
- Cost
|
— | — | — | — | 759.9 | 742.7 | 741.6 | 728.2 | 725.4 | 711.7 | 704.1 | 699.2 |
|
- Accumulated depreciation
|
— | — | — | — | -434.6 | -425.7 | -416.5 | -407.3 | -397.8 | -388.2 | -378.4 | -369.8 |
|
2. Financial leased fixed assets
|
12.7 | 13.3 | 13.9 | 14.5 | 15.0 | 15.6 | 15.9 | 15.4 | 10.7 | 9.1 | 9.3 | 7.1 |
|
- 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
|
2.8 | 2.1 | 2.2 | 11.1 | 2.2 | 2.2 | 1.9 | 1.9 | 1.9 | 1.7 | 1.7 | 1.7 |
|
- 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
|
46.0 | 46.0 | 45.7 | — | 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
|
12.9 | 8.5 | 7.9 | 1.9 | 3.7 | 17.1 | 1.7 | 1.5 | 4.1 | 8.3 | 1.2 | 1.1 |
|
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
|
12.9 | 8.5 | 7.9 | 1.9 | 3.7 | 17.1 | 1.7 | 1.5 | 4.1 | 8.3 | 1.2 | 1.1 |
|
V. Long-term financial investments
|
81.1 | 82.3 | 135.4 | 133.5 | 120.0 | 127.8 | 127.5 | 100.2 | 100.9 | 100.7 | 100.8 | 100.5 |
|
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
|
10.8 | 10.7 | 68.1 | 68.1 | 68.1 | 67.6 | 66.0 | 63.1 | 63.8 | 63.6 | 63.4 | 63.2 |
|
3. Investments in other entities
|
85.4 | 85.4 | 46.1 | 44.6 | 30.6 | 30.4 | 30.4 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 |
|
4. Provision for diminution in value of long-term investments
|
-15.1 | -15.1 | -13.8 | -14.1 | -13.6 | -5.2 | -5.2 | -1.8 | -1.8 | -1.8 | -1.6 | -1.7 |
|
5. Held to maturity investments
|
— | 1.4 | 35.0 | 35.0 | 35.0 | 35.0 | 36.3 | 36.3 | 36.3 | 36.3 | 36.3 | 36.3 |
|
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
|
85.2 | 77.5 | 76.3 | 60.6 | 59.1 | 55.5 | 36.0 | 33.8 | 24.1 | 22.7 | 24.2 | 26.9 |
|
1. Long-term prepayments
|
66.0 | 57.7 | 55.9 | 39.5 | 37.4 | 36.7 | 35.3 | 33.2 | 23.7 | 22.3 | 23.7 | 26.4 |
|
2. Deferred income tax assets
|
4.0 | 4.1 | 4.3 | 4.4 | 4.6 | 1.2 | 0.6 | 0.7 | 0.5 | 0.5 | 0.5 | 0.5 |
|
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
|
15.3 | 15.8 | 16.2 | 16.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
VII. Goodwill (before 2015)
|
— | — | — | — | 17.1 | 17.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
TOTAL ASSETS (280=100+200)
|
5,787.0 | 5,348.7 | 5,170.0 | 4,887.1 | 5,055.6 | 4,836.1 | 4,991.1 | 5,085.3 | 5,520.3 | 4,011.7 | 3,879.3 | 3,705.2 |
|
A. LIABILITIES (300=210+330)
|
4,790.1 | 4,522.5 | 4,367.6 | 4,088.5 | 4,270.9 | 4,146.8 | 4,373.7 | 4,471.3 | 4,917.6 | 3,438.5 | 3,319.6 | 3,122.3 |
|
I. Short -term liabilities
|
3,481.4 | 3,430.2 | 3,345.0 | 3,166.1 | 3,345.7 | 3,263.0 | 3,482.6 | 3,378.9 | 4,144.9 | 2,494.0 | 2,378.0 | 2,279.7 |
|
1. Short-term trade accounts payable
|
927.7 | 672.3 | 670.4 | 659.6 | 896.5 | 775.3 | 729.0 | 673.5 | 729.6 | 651.3 | 683.9 | 594.6 |
|
2. Short-term advances from customers
|
1,349.0 | 1,673.0 | 1,484.4 | 1,219.0 | 749.5 | 772.9 | 1,039.5 | 895.6 | 861.6 | 570.5 | 484.5 | 525.7 |
|
3. Taxes and other payables to state authorities
|
40.6 | 32.1 | 34.0 | 60.3 | 195.4 | 181.1 | 150.7 | 263.3 | 937.5 | 7.8 | 5.9 | 4.4 |
|
4. Payable to employees
|
83.0 | 57.2 | 52.7 | 41.4 | 93.2 | 88.4 | 73.5 | 32.8 | 85.4 | 50.8 | 61.1 | 37.6 |
|
5. Short-term acrrued expenses
|
8.5 | 16.1 | 14.7 | 15.9 | 22.7 | 22.9 | 16.2 | 10.0 | 45.8 | 36.1 | 38.0 | 70.0 |
|
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
|
0.2 | 1.2 | 0.8 | 0.8 | 0.7 | 1.2 | 1.1 | 0.8 | 0.6 | 0.3 | 0.6 | 0.3 |
|
9. Other short-term payables
|
84.4 | 74.3 | 110.7 | 169.9 | 172.0 | 236.6 | 253.3 | 206.0 | 180.7 | 118.8 | 88.3 | 67.3 |
|
10. Short-term borrowings and financial leases
|
910.9 | 833.6 | 905.3 | 939.9 | 1,134.1 | 1,108.9 | 1,142.6 | 1,224.5 | 1,234.4 | 990.1 | 945.7 | 916.7 |
|
11. Provision for short-term liabilities
|
59.2 | 52.1 | 52.8 | 52.1 | 69.8 | 63.2 | 63.2 | 64.7 | 58.3 | 57.2 | 58.4 | 54.6 |
|
12.. Bonus and welfare fund
|
17.9 | 18.3 | 19.1 | 7.2 | 11.9 | 12.5 | 13.5 | 7.8 | 11.0 | 11.1 | 11.6 | 8.5 |
|
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
|
1,308.7 | 1,092.3 | 1,022.6 | 922.4 | 925.2 | 883.9 | 891.1 | 1,092.4 | 772.6 | 944.5 | 941.6 | 842.6 |
|
1. Long-term trade payables
|
— | — | — | — | 0.0 | 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 | 0.0 |
|
3. Long-term acrrued expenses
|
— | — | — | — | 1.6 | 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
|
0.9 | 0.9 | 0.7 | 0.7 | 0.2 | 0.2 | 0.2 | 0.6 | 0.8 | 0.8 | 0.8 | 0.2 |
|
8. Long-term borrowings and financial leases
|
1,149.0 | 978.4 | 908.1 | 804.5 | 824.4 | 818.1 | 828.3 | 1,034.2 | 714.3 | 887.3 | 880.4 | 786.7 |
|
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
|
158.8 | 113.0 | 113.8 | 117.1 | 99.0 | 65.6 | 62.6 | 57.6 | 57.5 | 56.4 | 60.4 | 55.7 |
|
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)
|
996.9 | 826.1 | 802.4 | 798.7 | 784.7 | 689.2 | 617.4 | 614.1 | 602.7 | 573.2 | 559.7 | 582.9 |
|
I. Owner's equity
|
996.9 | 826.1 | 802.4 | 798.7 | 784.7 | 689.2 | 617.4 | 614.1 | 602.7 | 573.2 | 559.7 | 582.9 |
|
1. Owner's capital
|
457.4 | 457.4 | 457.4 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 |
|
- Common stock with voting right
|
457.4 | 457.4 | 457.4 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 | 381.2 |
|
- Preferred stock
|
— | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
2. Share premium
|
14.3 | 14.3 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 | 14.4 |
|
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
|
39.7 | 39.7 | 39.7 | 38.6 | 38.6 | 38.6 | 38.6 | 38.1 | 38.1 | 38.1 | 38.1 | 38.0 |
|
9. Fund to support corporate restructuring
|
— | — | — | — | 0.0 | 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 | 0.0 |
|
11. Undistributed earnings after tax
|
292.7 | 179.8 | 160.2 | 222.8 | 210.7 | 119.2 | 64.3 | 56.8 | 47.5 | 22.8 | 13.7 | 34.7 |
|
- Accumulated retained earning at the end of the previous period
|
124.0 | 129.0 | 129.0 | 210.2 | 6.2 | 6.2 | 43.4 | 46.8 | 4.7 | 4.7 | 4.7 | 34.1 |
|
- Undistributed earnings in this period
|
168.7 | 50.8 | 31.3 | 12.6 | 204.5 | 113.0 | 20.9 | 10.0 | 42.8 | 18.1 | 9.0 | 0.5 |
|
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
|
192.8 | 135.0 | 130.7 | 141.8 | 139.8 | 136.0 | 119.0 | 123.7 | 121.6 | 116.7 | 112.4 | 114.7 |
|
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)
|
5,787.0 | 5,348.7 | 5,170.0 | 4,887.1 | 5,055.6 | 4,836.1 | 4,991.1 | 5,085.3 | 5,520.3 | 4,011.7 | 3,879.3 | 3,705.2 |
| Item | Q4'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Profit Before Tax
|
180.2 | 50.8 | — | 0.0 | -51.4 | 51.4 | 0.0 | 73.1 | -20.1 | 20.1 | 0.0 | 55.8 |
|
Depreciation of Fixed Assets and Investment Property
|
21.7 | 20.3 | — | 0.0 | -18.9 | 18.9 | 0.0 | 40.6 | -20.4 | 20.4 | 0.0 | 43.0 |
|
Provision (Increase)/Reversal
|
47.8 | -10.1 | — | 0.0 | -84.6 | 84.6 | 0.0 | 21.5 | -3.5 | 3.5 | 0.0 | -15.2 |
|
FX Gain/Loss from Revaluation of Monetary Items
|
-0.1 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Gain/Loss from Investment Activities
|
-4.3 | -3.3 | — | 0.0 | 0.6 | -0.6 | 0.0 | -6.2 | 3.1 | -3.1 | 0.0 | -3.5 |
|
Interest Expense
|
33.8 | 26.8 | — | 0.0 | -39.6 | 39.6 | 0.0 | 59.9 | -28.7 | 28.7 | 0.0 | 36.1 |
|
Gain/Loss on Disposal of Fixed Assets
|
— | — | — | 0.0 | 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 | 0.0 |
|
Amortization of Goodwill
|
— | — | — | 0.0 | 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 | 0.0 |
|
Operating Profit Before Changes in Working Capital
|
279.1 | 84.5 | — | 0.0 | -193.8 | 193.8 | 0.0 | 188.8 | -69.6 | 69.6 | 0.0 | 116.3 |
|
Increase/(Decrease) in Receivables
|
-231.7 | -114.2 | — | 0.0 | 29.7 | -29.7 | 0.0 | -147.8 | 91.4 | -91.4 | 0.0 | 179.6 |
|
Increase/(Decrease) in Inventory
|
-124.2 | -152.3 | — | 0.0 | -340.4 | 340.4 | 0.0 | -1,741.9 | 376.7 | -376.7 | 0.0 | -420.9 |
|
Increase/(Decrease) in Payables (Excl. Interest and CIT)
|
146.2 | 317.9 | — | 0.0 | 527.9 | -527.9 | 0.0 | 1,616.0 | -130.3 | 130.3 | 0.0 | -111.4 |
|
Increase/(Decrease) in Prepaid Expenses
|
-10.2 | -19.8 | — | 0.0 | 12.6 | -12.6 | 0.0 | 3.1 | -2.0 | 2.0 | 0.0 | 13.1 |
|
Changes in Trading Securities
|
— | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Interest Paid
|
-31.0 | -36.0 | — | 0.0 | 53.4 | -53.4 | 0.0 | -59.9 | 43.7 | -43.7 | 0.0 | -28.8 |
|
Corporate Income Tax Paid
|
-8.5 | -17.0 | -60.2 | -0.4 | -3.2 | -13.0 | -7.4 | -0.6 | -1.4 | -5.2 | -4.6 | -2.0 |
|
Other Operating Receipts
|
— | — | — | 90.2 | 358.1 | -171.3 | 171.3 | -110.2 | 110.2 | -23.3 | 23.3 | -103.6 |
|
Other Operating Payments
|
-15.9 | 174.9 | -176.7 | -547.8 | -1,566.9 | 100.2 | -103.5 | 77.5 | -78.1 | 60.4 | -63.3 | 64.6 |
|
Net Cash Flow from Operating Activities
|
33.8 | -120.8 | 121.9 | 245.2 | -45.1 | 291.5 | -404.5 | 190.4 | -24.9 | -54.4 | -268.1 | -26.5 |
|
Payments for Fixed Assets and Other Long-term Assets
|
-42.4 | -58.0 | -25.3 | -5.6 | 9.9 | -5.7 | -11.8 | -38.5 | 7.9 | -7.9 | -0.1 | -14.7 |
|
Proceeds from Disposal of Fixed Assets and Long-term Assets
|
0.1 | 0.4 | — | -5.6 | 5.6 | -0.1 | 0.1 | -4.1 | 2.4 | -2.4 | 4.1 | -1.5 |
|
Loans and Purchases of Debt Instruments
|
-171.7 | -14.1 | — | 0.0 | 11.6 | -11.6 | 0.0 | -50.2 | 30.0 | -30.0 | 0.0 | -35.0 |
|
Receipts from Loan Repayments and Sale of Debt Instruments
|
94.4 | 42.6 | — | 0.0 | -17.8 | 17.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Investments in Other Entities
|
— | — | — | -0.2 | -28.6 | -2.0 | 0.0 | 13.0 | -13.0 | 0.0 | 0.0 | 5.5 |
|
Proceeds from Investments in Other Entities
|
— | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Dividends and Interest Income Received
|
2.0 | 1.0 | 0.8 | 1.1 | 1.4 | 0.2 | 0.1 | 1.1 | 2.8 | 2.2 | 0.1 | 1.3 |
|
Increase/(Decrease) in Term Deposits
|
— | — | — | 0.0 | 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 | 0.0 |
|
Other Investing Receipts
|
— | — | — | 0.0 | 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 | 0.0 |
|
Net Cash Flow from Investing Activities
|
-102.1 | -40.1 | -27.9 | -9.8 | -0.1 | -3.8 | -9.2 | -62.3 | 13.9 | -15.4 | -18.7 | -13.6 |
|
Proceeds from Equity Issuance and Capital Contributions
|
— | — | — | 25.5 | 0.2 | 7.3 | 0.0 | -13.0 | 13.0 | 0.0 | 0.0 | -5.5 |
|
Share Repurchases
|
— | — | — | 0.0 | -0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Proceeds from Borrowings
|
1,075.3 | 802.0 | 379.1 | 721.4 | 592.6 | 641.8 | 1,011.2 | 1,088.5 | 581.9 | 684.0 | 538.1 | 533.4 |
|
Repayment of Borrowings
|
-826.7 | -707.1 | -617.0 | -689.8 | -663.1 | -880.4 | -746.9 | -1,010.7 | -535.9 | -582.7 | -391.2 | -345.2 |
|
Repayment of Finance Leases
|
-2.1 | -1.0 | -1.0 | -1.0 | -1.0 | -3.4 | 0.0 | -2.6 | 1.4 | -1.4 | 0.0 | -1.7 |
|
Dividends Paid
|
1.7 | -10.9 | — | -0.0 | 6.3 | -5.8 | -2.4 | -18.6 | -1.0 | -22.9 | -27.0 | -0.8 |
|
Other Financing Receipts
|
— | — | — | 0.0 | 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 | 0.0 |
|
Net Cash Flow from Financing Activities
|
297.2 | 82.9 | -239.0 | 56.0 | -65.3 | -240.5 | 261.9 | 43.6 | 59.4 | 77.1 | 120.0 | 180.1 |
|
Net Cash Flow During the Period
|
228.9 | -77.9 | -145.0 | 291.4 | -110.6 | 47.2 | -151.9 | 171.7 | 48.4 | 7.2 | -166.9 | 140.0 |
|
Cash and Cash Equivalents at Beginning of Period
|
340.6 | 195.7 | 340.6 | 264.5 | 264.5 | 264.5 | 264.5 | 203.9 | 203.9 | 203.9 | 203.9 | 47.8 |
|
FX Difference from Revaluation
|
0.1 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Cash and Cash Equivalents at End of Period
|
346.8 | 117.8 | 195.7 | 340.6 | 49.2 | 159.8 | 112.6 | 264.5 | 92.8 | 44.3 | 37.1 | 203.9 |
Related Research
Related research will appear here.
Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.