SCY

Listed Company · UPCOM

Price

—

Latest close

P/E —

EPS (TTM) 1,305

ROE (TTM) 8.9%

P/B —

BVPS (Latest) 15,009

ROA (TTM) 5.1%

What Is Changing

SCY no longer looks like a business simply rebounding from a weak base. Revenue posted +2.3% YoY, while net margin reached 7.80% with an additional +1.2pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

Net Margin broke above its recent high, rising 62bps to 7.80% in 2024.
Net Income reached a multi-period high at VND 80.9bn in 2024.

Metric	2024	2023	2022	2021	2020
Revenue	1,036.4	1,012.9	598.7	438.7	431.3
Growth	+2%	+69%	+36%	+2%	—
Net Income	80.9	67.2	43.0	29.2	14.2
Net Margin	7.80%	6.63%	7.19%	6.67%	3.29%

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Revenue	183.0	229.2	339.6	284.7	112.8	567.6	179.7	152.9	102.2	285.2	97.8	113.6
Growth	-20%	-33%	+19%	+152%	-80%	+216%	+18%	+50%	-64%	+192%	-14%	—
Net Income	24.4	12.4	27.6	16.5	9.1	46.1	7.2	5.0	25.3	2.5	3.3	11.8
Net Margin	13.36%	5.40%	8.12%	5.80%	8.04%	8.11%	4.02%	3.25%	24.81%	0.89%	3.38%	10.39%

Financial Statements

Profitability

Net margin reached 7.80% while Revenue posted +2.3% YoY.

Balance Sheet

Inventory stood at 372.3bn, liabilities at 790.8bn, and equity at 930.1bn.

Cash Flow

Operating cash flow was 185.8bn in 2024, while investing cash flow was -189.9bn.

Financing cash flow: -23.5bn.

Item	2024	2023	2022	2021	2020
Revenue	1,036.4	1,012.9	598.7	438.7	431.3
Revenue Deductions	0.0	0.0	0.0	0.0	0.0
Net Revenue	1,036.4	1,012.9	598.7	438.7	431.3
Cost of Goods Sold	881.6	869.3	516.5	0.0	0.0
Gross Profit	154.8	143.6	82.2	63.5	71.1
Financial Income	30.3	33.6	23.2	32.2	13.9
Financial Expenses	-14.7	-29.5	-19.8	-0.4	-8.8
Interest Expense	0.1	0.0	0.0	-0.0	0.0
Share of Associates and Joint Ventures	0.0	0.0	0.0	-0.0	0.0
Selling Expenses	0.0	0.0	0.0	-0.0	0.0
General and Administrative Expenses	98.7	118.1	71.4	-57.6	-58.1
Operating Profit	101.1	88.7	53.8	37.7	18.0
Other Income	2.3	0.6	0.8	0.0	0.0
Other Expenses	1.7	1.3	0.3	0.0	0.0
Other Profit	0.6	-0.6	0.6	0.0	-0.0
Profit Before Tax	101.7	88.0	54.4	37.7	18.0
Current Income Tax Expense	20.8	20.8	11.3	-8.5	-3.8
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	80.9	67.2	43.0	29.2	14.2
Non-controlling Interest	0.0	0.0	0.0	-0.0	0.0
Profit Attributable to Parent	80.9	67.2	43.0	29.2	14.2
Earnings per Share	1,305.00	1,084.00	694.00	110.00	229.15
Diluted EPS	1,305.21	1,084.27	694.50	472.00	229.15

Item	2024	2023	2022	2021	2020
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,170.2	944.3	1,021.6	909.3	623.5
I. Cash and cash equivalents	143.3	170.9	187.6	218.3	231.9
1. Cash	28.3	18.1	32.3	0.0	0.0
2. Cash equivalents	115.0	152.8	155.3	0.0	0.0
II. Short-term financial investments	571.5	387.5	217.0	0.0	0.0
1. Available for sale securities	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
3. Held to maturity investments	571.5	387.5	217.0	0.0	0.0
III. Short-term receivables	33.9	17.0	63.1	63.7	74.6
1. Short-term trade accounts receivable	19.5	36.1	56.8	0.0	0.0
2. Short-term prepayments to suppliers	22.3	4.3	2.0	0.0	0.0
3. Short-term inter-company receivables	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
5. Short-term loan receivables	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	6.1	7.2	6.6	0.0	0.0
7. Provision for short-term doubtful debts (*)	-14.1	-30.6	-2.3	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0
IV. Inventories	372.3	342.9	532.0	529.4	179.2
1. Inventories	372.3	342.9	532.0	0.0	0.0
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	49.2	26.0	21.9	15.9	8.7
1. Short-term prepayments	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	34.8	23.6	17.0	0.0	0.0
3. Taxes and other receivables from state authorities	14.4	2.4	4.9	0.0	0.0
4. Government bonds	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
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	550.7	529.9	510.4	504.4	498.1
I. Long-term receivables	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
2. Long-term prepayments to suppliers	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
4. Long-term inter-company receivables	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
6. Other long-term receivables	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
II. Fixed assets	203.5	199.8	214.5	229.8	241.2
1. Tangible fixed assets	140.8	137.2	151.8	166.8	178.4
- Cost	628.1	604.4	600.9	0.0	0.0
- Accumulated depreciation	-487.3	-467.2	-449.1	0.0	0.0
2. Financial leased fixed assets	0.0	0.0	0.0	0.0	0.0
- Cost	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	62.7	62.7	62.8	62.9	62.8
- Cost	64.0	64.0	64.0	0.0	0.0
- Accumulated depreciation	-1.3	-1.3	-1.2	0.0	0.0
III. Investment properties	0.0	0.0	0.0	0.0	0.0
- Cost	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	98.3	99.5	95.5	95.5	95.5
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	98.3	99.5	95.5	0.0	0.0
V. Long-term financial investments	246.8	228.3	198.0	176.6	158.8
1. Investments in subsidiaries	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	246.8	246.7	246.7	0.0	0.0
3. Investments in other entities	0.0	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	0.0	-18.4	-48.8	0.0	0.0
5. Held to maturity investments	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
VI. Other long-term assets	2.1	2.2	2.3	0.0	0.0
1. Long-term prepayments	2.1	2.2	2.3	0.0	0.0
2. Deferred income tax assets	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
4. Other long-term assets	0.0	0.0	0.0	2.4	2.5
5. Goodwill	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,720.9	1,474.3	1,532.0	1,413.6	1,121.5
A. LIABILITIES (300=210+330)	790.8	578.0	651.0	560.0	282.9
I. Short -term liabilities	790.8	578.0	651.0	560.0	282.9
1. Short-term trade accounts payable	31.6	42.1	33.0	26.8	13.7
2. Short-term advances from customers	445.7	288.4	482.8	393.8	106.6
3. Taxes and other payables to state authorities	0.0	0.0	0.0	0.0	0.0
4. Payable to employees	17.4	13.0	10.2	0.0	0.0
5. Short-term acrrued expenses	209.6	140.7	53.7	0.0	0.0
6. Short-term inter-company payables	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
8. Short-term unearned revenue	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	15.9	31.4	35.4	0.0	0.0
10. Short-term borrowings and financial leases	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	47.3	47.6	27.2	0.0	0.0
12.. Bonus and welfare fund	23.3	14.9	8.7	0.0	0.0
13. Price stabilization fund	0.0	0.0	0.0	0.0	0.0
14. Government bonds	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	0.0	0.0	0.0	0.0	0.0
1. Long-term trade payables	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
3. Long-term acrrued expenses	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
5. Long-term inter-company payables	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
7. Other long-term liabilities	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
9. Convertible bonds	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	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
12. Provision for long-term liabilities	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
14. Provision for severance allowances	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	930.1	896.2	881.0	853.6	838.6
I. Owner's equity	930.1	896.2	881.0	0.0	0.0
1. Owner's capital	619.7	619.7	619.7	853.6	838.6
- Common stock with voting right	619.7	619.7	619.7	619.7	619.7
- Preferred stock	0.0	0.0	0.0	0.0	0.0
2. Share premium	0.0	0.0	0.0	0.0	0.0
3. Convertible bond option	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	127.0	113.8	113.8	113.8	107.2
5. Treasury shares	0.0	0.0	0.0	0.0	0.0
6. Assets revaluation differences	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	46.5	39.6	26.6	0.0	0.0
9. Fund to support corporate restructuring	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
11. Undistributed earnings after tax	136.8	123.1	121.0	93.6	78.6
- Accumulated retained earning at the end of the previous period	55.9	55.9	77.9	64.4	64.4
- Undistributed earnings in this period	80.9	67.2	43.0	29.2	14.2
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	0.0	0.0	0.0	0.0	0.0
14. Financial reserves	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
1. Subsidized not-for-profit funds	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
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,720.9	1,474.3	1,532.0	1,413.6	1,121.5

Item	2024	2023	2022	2021	2020
Profit Before Tax	101.7	88.0	54.4	37.7	18.0
Depreciation of Fixed Assets and Investment Property	20.0	19.5	22.3	24.3	27.4
Provision (Increase)/Reversal	-35.3	18.4	-15.8	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.0	-0.0	1.2	0.0	0.0
Gain/Loss from Investment Activities	-18.0	-23.6	-11.9	0.0	0.0
Interest Expense	0.1	0.0	0.0	0.0	0.0
Gain/Loss on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	0.0	0.0	0.0	0.0	0.0
Other Adjustments	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	68.6	102.4	50.2	0.6	48.6
Increase/(Decrease) in Receivables	-12.3	11.8	-6.4	0.0	0.0
Increase/(Decrease) in Inventory	-29.3	189.1	-2.6	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	203.8	-108.4	86.8	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.1	0.1	0.1	0.0	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0
Interest Paid	-0.1	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-32.0	-18.1	-9.0	0.0	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-13.0	-4.4	-3.8	0.0	0.0
Net Cash Flow from Operating Activities	185.8	172.4	115.3	15.6	-16.2
Payments for Fixed Assets and Other Long-term Assets	-23.7	-8.8	-7.1	-6.9	-11.6
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.1	0.0	0.2	0.8
Loans and Purchases of Debt Instruments	-334.0	-235.5	-220.0	-37.0	-45.0
Receipts from Loan Repayments and Sale of Debt Instruments	150.0	65.0	85.0	84.0	0.0
Investments in Other Entities	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
Dividends and Interest Income Received	17.8	22.6	9.3	0.0	0.0
Increase/(Decrease) in Term Deposits	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
Other Investing Receipts	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-189.9	-156.6	-132.8	52.5	-39.4
Proceeds from Equity Issuance and Capital Contributions	0.0	0.0	0.0	0.0	0.0
Share Repurchases	0.0	0.0	0.0	0.0	0.0
Proceeds from Borrowings	101.6	0.0	0.0	0.0	0.0
Repayment of Borrowings	-101.6	0.0	0.0	-32.9	0.0
Repayment of Finance Leases	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-23.5	-32.5	-12.1	-48.5	-10.8
Other Financing Receipts	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-23.5	-32.5	-12.1	-81.4	-10.8
Net Cash Flow During the Period	-27.6	-16.7	-29.6	-186.9	5.7
Cash and Cash Equivalents at Beginning of Period	170.9	187.6	218.3	231.9	298.4
FX Difference from Revaluation	0.0	0.0	-1.2	-0.3	-0.1
Cash and Cash Equivalents at End of Period	143.3	170.9	187.6	218.3	231.9

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Revenue	183.0	229.2	339.6	284.7	112.8	567.6	179.7	152.9	102.2	285.2	97.8	113.6
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	183.0	229.2	339.6	284.7	112.8	567.6	179.7	152.9	102.2	285.2	97.8	113.6
Cost of Goods Sold	163.3	179.8	294.2	244.3	94.0	475.4	162.3	137.5	80.6	260.7	88.1	87.1
Gross Profit	19.7	49.4	45.4	40.4	18.8	92.2	17.4	15.3	21.5	24.5	9.7	26.5
Financial Income	13.9	2.7	9.2	4.5	11.5	6.5	11.8	3.9	11.5	3.8	5.8	2.0
Financial Expenses	-18.0	3.2	0.1	0.0	-30.1	0.0	0.0	0.5	-19.8	0.0	0.0	0.0
Interest Expense	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	21.2	33.3	20.0	24.2	45.0	40.4	20.1	12.4	21.3	25.1	11.3	13.7
Operating Profit	30.4	15.6	34.4	20.7	15.3	58.3	9.0	6.2	31.6	3.2	4.2	14.8
Other Income	1.6	0.1	0.2	0.3	0.2	0.1	0.2	0.2	0.8	0.0	0.0	0.0
Other Expenses	0.9	0.2	0.2	0.4	0.2	0.8	0.2	0.1	0.1	0.1	0.0	0.1
Other Profit	0.8	-0.1	0.0	-0.1	0.0	-0.7	0.0	0.0	0.7	-0.0	-0.0	-0.1
Profit Before Tax	31.1	15.5	34.5	20.6	15.3	57.6	9.0	6.2	32.3	3.2	4.1	14.7
Current Income Tax Expense	6.7	3.1	6.9	4.1	6.3	11.5	1.8	1.3	6.9	0.6	0.8	2.9
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	24.4	12.4	27.6	16.5	9.1	46.1	7.2	5.0	25.3	2.5	3.3	11.8
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	24.4	12.4	27.6	16.5	9.1	46.1	7.2	5.0	25.3	2.5	3.3	11.8
Earnings per Share	394.34	199.57	444.87	266.44	146.36	743.19	116.59	80.19	409.03	40.84	53.26	190.36
Diluted EPS	394.34	199.57	444.87	266.44	146.36	743.19	116.59	80.19	409.03	40.84	53.26	190.36

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,170.2	917.1	903.4	860.3	944.5	885.8	1,129.3	1,106.2	1,021.6	999.2	1,003.3	893.8
I. Cash and cash equivalents	143.3	122.8	79.3	118.9	170.9	152.3	171.4	252.9	187.6	249.6	272.5	211.1
1. Cash	28.3	40.8	26.3	22.9	18.1	12.0	86.1	110.6	32.3	54.3	97.2	60.8
2. Cash equivalents	115.0	82.0	53.0	96.0	152.8	140.3	85.3	142.3	155.3	195.3	175.3	150.3
II. Short-term financial investments	571.5	399.5	454.5	397.5	387.5	338.0	363.0	245.0	217.0	212.0	102.0	82.0
1. Available for sale securities	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
3. Held to maturity investments	571.5	399.5	454.5	397.5	387.5	338.0	363.0	245.0	217.0	212.0	102.0	82.0
III. Short-term receivables	33.9	78.0	105.2	26.2	17.2	47.2	56.7	55.2	63.1	58.3	75.5	91.1
1. Short-term trade accounts receivable	19.5	30.8	27.0	40.6	36.1	43.4	48.3	50.2	56.8	50.4	64.7	62.5
2. Short-term prepayments to suppliers	22.3	55.2	83.1	9.8	4.3	0.7	0.3	3.0	2.0	6.0	7.2	26.1
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0	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	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	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	6.1	7.2	10.3	6.1	7.2	3.8	9.4	3.8	6.6	2.8	4.5	3.4
7. Provision for short-term doubtful debts (*)	-14.1	-15.2	-15.3	-30.3	-30.4	-0.7	-1.3	-1.7	-2.3	-0.9	-0.9	-0.9
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	372.3	272.6	227.7	278.6	342.9	326.2	512.6	527.7	532.0	460.9	538.1	495.8
1. Inventories	372.3	272.6	227.7	278.6	342.9	326.2	512.6	527.7	532.0	460.9	538.1	495.8
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	49.2	44.2	36.7	39.1	26.0	22.0	25.7	25.4	21.9	18.4	15.2	13.9
1. Short-term prepayments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	34.8	31.0	28.4	25.4	23.6	21.6	20.8	18.6	17.0	14.6	11.7	9.6
3. Taxes and other receivables from state authorities	14.4	13.2	8.3	13.8	2.4	0.4	4.9	6.7	4.9	3.8	3.5	4.3
4. Government bonds	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	550.7	530.8	534.4	532.3	529.9	498.1	502.8	505.7	510.3	491.9	496.0	500.7
I. Long-term receivables	0.0	0.0	0.0	0.0	0.0	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	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	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	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	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	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	0.0	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	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	203.5	204.6	198.9	198.8	199.8	202.3	207.0	209.8	214.5	217.4	221.5	226.1
1. Tangible fixed assets	140.8	141.9	136.2	136.1	137.2	139.6	144.3	147.1	151.8	154.6	158.7	163.2
- Cost	628.1	624.0	613.2	608.1	604.4	602.2	602.0	601.2	600.9	598.6	597.4	596.5
- Accumulated depreciation	-487.3	-482.1	-476.9	-472.0	-467.2	-462.5	-457.7	-454.1	-449.1	-444.0	-438.7	-433.2
2. Financial leased fixed assets	0.0	0.0	0.0	0.0	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	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	0.0	0.0	0.0	0.0
3. Intangible fixed assets	62.7	62.7	62.7	62.7	62.7	62.7	62.7	62.8	62.8	62.8	62.9	62.9
- Cost	0.0	0.0	0.0	0.0	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	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	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	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	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	98.3	95.6	105.0	103.0	99.5	95.5	95.5	95.5	95.5	95.5	95.5	95.5
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	98.3	95.6	105.0	103.0	99.5	95.5	95.5	95.5	95.5	95.5	95.5	95.5
V. Long-term financial investments	246.8	228.4	228.3	228.3	228.3	198.0	198.0	198.0	197.9	176.6	176.6	176.6
1. Investments in subsidiaries	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	246.8	246.8	246.7	246.7	246.7	246.7	246.7	246.7	246.7	246.7	246.7	246.7
3. Investments in other entities	0.0	0.0	0.0	0.0	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	-18.4	-18.4	-18.4	-18.4	-48.8	-48.8	-48.8	-48.8	-70.1	-70.1	-70.1
5. Held to maturity investments	0.0	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	2.1	2.2	2.2	2.2	2.2	2.3	2.3	2.3	2.3	2.4	2.4	2.4
1. Long-term prepayments	2.1	2.2	2.2	2.2	2.2	2.3	2.3	2.3	2.3	2.4	2.4	2.4
2. Deferred income tax assets	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. Long-term equipment, supplies, spare parts	0.0	0.0	0.0	0.0	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	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	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	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,720.9	1,447.8	1,437.8	1,392.7	1,474.4	1,383.9	1,632.1	1,611.9	1,531.9	1,491.2	1,499.4	1,394.6
A. LIABILITIES (300=210+330)	790.8	542.2	544.6	527.0	578.0	496.6	790.9	725.9	651.0	635.6	646.3	529.0
I. Short -term liabilities	790.8	542.2	544.6	527.0	578.0	496.6	790.9	725.9	651.0	635.6	646.3	529.0
1. Short-term trade accounts payable	31.6	14.0	14.0	13.3	42.1	10.9	17.3	12.9	33.0	12.6	14.8	13.0
2. Short-term advances from customers	445.7	177.3	136.5	222.5	288.4	203.0	601.2	582.0	482.8	471.0	531.6	411.3
3. Taxes and other payables to state authorities	0.0	0.0	0.0	0.0	0.0	3.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Payable to employees	17.4	14.1	13.7	14.3	13.0	11.0	11.2	11.6	10.2	9.6	10.1	6.5
5. Short-term acrrued expenses	209.6	249.4	220.4	129.4	140.7	160.7	65.3	47.1	53.7	61.2	7.1	24.0
6. Short-term inter-company payables	0.0	0.0	0.0	0.0	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	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	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	15.9	16.7	16.9	56.8	31.4	35.7	36.7	35.8	35.4	37.6	51.6	50.6
10. Short-term borrowings and financial leases	0.0	0.0	54.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	47.3	44.2	60.8	53.6	47.6	47.7	33.6	29.6	27.2	34.3	20.8	17.4
12.. Bonus and welfare fund	23.3	26.4	27.8	37.2	14.9	24.6	25.7	7.0	8.7	9.3	10.2	6.2
13. Price stabilization fund	0.0	0.0	0.0	0.0	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	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	0.0	0.0
1. Long-term trade payables	0.0	0.0	0.0	0.0	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	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	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	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	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	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	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	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Convertible bonds	0.0	0.0	0.0	0.0	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	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	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	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	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	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	930.1	905.6	893.3	865.7	896.3	887.3	841.2	886.0	880.9	855.6	853.1	865.6
I. Owner's equity	930.1	905.6	893.3	865.7	896.3	887.3	841.2	886.0	880.9	855.6	853.1	865.6
1. Owner's capital	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7
- Common stock with voting right	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7	619.7
- Preferred stock	0.0	0.0	0.0	0.0	0.0	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	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	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	127.0	127.0	113.8	113.8	113.8	113.8	113.8	113.8	113.8	113.8	113.8	113.8
5. Treasury shares	0.0	0.0	0.0	0.0	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	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	0.0	0.0	0.0	0.0
8. Investment and development fund	46.5	46.5	59.8	59.8	39.6	39.6	39.6	26.6	26.6	26.6	26.6	26.6
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	136.8	112.4	100.0	72.5	123.3	114.2	68.1	125.9	120.9	95.6	93.0	105.5
- Accumulated retained earning at the end of the previous period	55.9	55.9	55.9	55.9	55.9	55.9	55.9	121.0	77.9	77.9	77.9	93.7
- Undistributed earnings in this period	80.9	56.4	44.1	16.5	67.3	58.2	12.2	5.0	43.0	17.6	15.1	11.8
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	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	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	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	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	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	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	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,720.9	1,447.8	1,437.8	1,392.7	1,474.4	1,383.9	1,632.1	1,611.9	1,531.9	1,491.2	1,499.4	1,394.6

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Profit Before Tax	31.1	15.5	34.5	20.6	15.2	57.6	9.0	6.2	32.4	3.2	4.1	14.7
Depreciation of Fixed Assets and Investment Property	5.2	5.2	4.9	4.8	4.7	4.8	4.9	5.1	5.1	5.3	5.6	6.4
Provision (Increase)/Reversal	-15.8	-16.6	4.1	-6.3	-1.8	14.7	8.4	-2.9	-27.1	13.5	3.4	-5.6
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	-0.0	0.0	0.2	0.0	-0.2	0.0	1.2	0.0	0.0	0.0
Gain/Loss from Investment Activities	-8.0	-1.1	-3.6	-5.2	-9.5	-3.0	-9.9	-1.3	-6.6	-1.3	-3.2	-0.8
Interest Expense	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	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	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	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	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	12.5	2.9	39.9	13.9	8.8	74.1	12.4	7.1	4.9	20.7	9.9	14.7
Increase/(Decrease) in Receivables	38.2	30.4	-63.8	-18.5	20.6	-15.0	-10.9	17.0	-20.7	28.9	-48.7	34.1
Increase/(Decrease) in Inventory	-99.7	-44.9	179.6	-64.4	-16.7	186.3	23.7	-4.3	-71.1	77.2	25.0	-33.7
Increase/(Decrease) in Payables (Excl. Interest and CIT)	249.3	70.1	-194.1	79.4	67.9	-292.2	41.5	74.3	39.6	-39.6	110.5	-23.7
Increase/(Decrease) in Prepaid Expenses	0.1	0.0	0.1	0.0	0.1	0.0	0.1	0.0	0.1	0.0	0.1	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-0.0	-0.1	-0.0	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-9.0	-8.0	0.0	-15.0	-11.0	-4.0	0.0	-3.1	-8.0	-1.0	0.0	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.1	-1.2	-9.4	-1.2	-0.8	-1.1	-0.7	-1.8	-0.6	-0.9	-0.7	-1.7
Net Cash Flow from Operating Activities	190.2	49.3	-47.8	-5.8	68.9	-51.9	66.1	89.2	-55.9	85.4	96.0	-10.2
Payments for Fixed Assets and Other Long-term Assets	-2.1	-10.8	-7.1	-3.7	-6.2	-0.1	-2.1	-0.3	-2.2	-1.2	-0.9	-2.7
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-197.0	-40.0	-62.0	-35.0	-54.5	-15.0	-118.0	-48.0	-90.0	-110.0	-20.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	25.0	95.0	5.0	25.0	5.0	40.0	0.0	20.0	85.0	0.0	-5.0	5.0
Investments in Other Entities	-0.1	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	6.1	4.1	5.5	2.1	5.6	8.7	3.9	4.4	2.6	2.9	3.0	0.8
Increase/(Decrease) in Term Deposits	0.0	0.0	0.0	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	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	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	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-168.0	48.2	-58.6	-11.6	-50.1	33.5	-116.1	-23.9	-4.7	-108.3	-22.9	3.1
Proceeds from Equity Issuance and Capital Contributions	0.0	0.0	0.0	0.0	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	0.0	0.0	0.0	0.0
Proceeds from Borrowings	0.5	10.5	90.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	-1.1	-64.4	-1.5	-34.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-1.0	-0.1	-22.4	0.0	-0.0	-0.7	-31.8	0.0	-0.3	0.0	-11.8	0.0
Other Financing Receipts	0.0	0.0	0.0	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	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-1.6	-54.0	66.7	-34.6	-0.0	-0.7	-31.8	0.0	-0.3	0.0	-11.8	0.0
Net Cash Flow During the Period	20.5	43.5	-39.6	-52.0	18.7	-19.0	-81.8	65.3	-60.8	-22.9	61.3	-7.2
Cash and Cash Equivalents at Beginning of Period	170.9	170.9	170.9	170.9	187.6	187.6	187.6	187.6	218.3	218.3	218.3	218.3
FX Difference from Revaluation	-0.0	0.0	0.0	0.0	-0.2	0.0	0.2	0.0	-1.2	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	143.3	122.8	79.3	118.9	170.9	152.3	171.4	252.9	187.6	249.6	272.5	211.1

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