C47

Xây dựng 47 ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 3.52%, +2.46pp YoY

Price

9,600

Latest close

02 Jun 2026

P/E 5.98x

P/B 0.69x

EPS 1,605

BVPS 13,986

ROE 12.2%

ROA 3.4%

Profit Margin 3.5%

Asset Turnover 0.98x

Equity Mult. 3.59x

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

What Is Changing

On a TTM 2026Q1 basis, C47 is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — profit is at an all-time high. The next test will be whether this pace holds as the comparison base gets tougher.

	                            
	                                TTM REVENUE
	                            
	                                    VND 1,683bn
	                                
+36.4%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 59bn
	                                
+353.8%YoY

Metric	2025	2024	2023	2022	2021
Revenue	1,666.9	943.8	986.1	788.9	883.1
Growth	+77%	-4%	+25%	-11%	—
Net Income	53.2	3.8	14.6	15.6	42.5
Net Margin	3.19%	0.40%	1.48%	1.98%	4.81%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	435.3	367.1	391.9	488.7	419.1	467.1	187.7	160.3	140.8	249.7	308.3	314.4
Growth	+19%	-6%	-20%	+17%	-10%	+149%	+17%	+14%	-44%	-19%	-2%	—
Net Income	16.6	8.0	17.1	17.5	10.6	0.2	1.0	1.3	1.3	4.7	7.6	6.6
Net Margin	3.82%	2.18%	4.37%	3.58%	2.53%	0.04%	0.53%	0.81%	0.89%	1.89%	2.45%	2.09%

Drivers of C47's profit

TTM

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

Gross profit ↑ 107.8bn

Other profit ↑ 7.9bn

Administrative expenses ↑ 40.0bn

Finance costs ↑ 12.5bn

Financial income ↓ 9.5bn

Tax ↑ 7.8bn

TTM

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

Gross profit ↑ 13.0bn

Financial income ↑ 1.5bn

Finance costs ↑ 4.8bn

Administrative expenses ↑ 2.7bn

Tax ↑ 1.5bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 2.9% = 1.1% × 0.71 × 3.94

2026Q1 12.4% = 3.5% × 0.98 × 3.59

ROE rose from 2.9% to 12.4% — mainly driven by asset turnover, despite leverage moving in the opposite direction.

Net margin: 3.5% +2.5pp Asset turnover: 0.98x +0.27x Leverage: 3.59x -0.35x

Is the profit sustainable?

Margins are improving and earnings quality is solid — a durable foundation for ROE.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 3.52%, rising 2.5pp. Core operating signals are improving as Gross margin rose 4.2pp are enough to offset pressure from SG&A / Revenue rose 1.5pp (in addition, Other profit / Revenue rose 0.5pp added support while Net financial result / Revenue fell 0.5pp remained a drag).

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

Profitability trend

Net Margin 3.52% +2.5pp

Gross Margin 12.45% +4.2pp

SG&A / Revenue 4.88% +1.5pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency for construction contractors should be read alongside project progress and receivables collection from developers — ROIC of 5.6% fluctuates with handover cycles.

Is capital being deployed efficiently?

ROIC expanded to 5.63%, rising 4.2pp. That translates to 5.63 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin rose 2.1pp and capital turnover rose 0.56x, with invested capital easing slightly by 86bn — capital-return quality improved from both sides.

For construction contractors, ROIC moves with backlog and project acceptance timing — this is a reference signal and should be read alongside working-capital cycles.

CAPITAL EFFICIENCY TREND

ROIC 5.63% +4.2pp

NOPAT Margin 3.30% +2.1pp

Capital Turnover 1.70x +0.56x

Average Invested Capital 987.4bn −86.5bn

Balance Sheet

ROIC for construction contractors swings with project progress and handover cycles — the balance sheet below adds perspective. Capital structure is typical for construction contractors — liabilities at 2.25x equity, net debt at 0.86x equity.

Inventory ended the period at 415.6bn, roughly 26.0% of total assets.

Over the last 12 months, working capital released 0.0bn of cash.

Working Capital Drivers

Receivables were broadly stable → neutral CFO: —

Inventories were broadly stable → neutral CFO: —

Payables were broadly stable → neutral CFO: —

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 75.6 days versus the same period last year. The main moves came from DIO fell 108.6 days, DSO rose 2.1 days, and DPO fell 30.9 days.

Improvement comes mainly from faster inventory turnover — watch whether this trend persists in coming periods.

For construction contractors, DSO/DIO/DPO/CCC can be distorted by project progress, work-in-progress receivables, and milestone acceptance timing — these metrics should be read alongside developer payment cycles.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 169.2 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +2.1 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 90.3 days +2.1 days

Inventory 119.7 days −108.6 days

Payables 40.8 days −30.9 days

Cash Conversion Cycle 169.2 days −75.6 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.86x and interest coverage only at 0.99x.

At present, short-term debt accounts for 90.8% of total debt, cash equals 26.0% of debt, and total debt stands at 590.3bn.

Leverage for construction contractors fluctuates with project working capital, performance guarantees, and progress receivables — should be read alongside receivables quality and developer payment cycles.

Watchpoints

Interest coverage is thin

Interest coverage is 0.99x, leaving limited room to absorb financing costs.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 90.8% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.86x −0.43x

Interest Coverage 0.99x +0.57x

Cash / Debt 26.0% +11.5pp

Short-term Debt / Total Debt 90.8% +2.0pp

CFO / NI 1.62x −18.35x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 146.2bn in 2025, against investing cash flow of 64.7bn.

Post-investment cash flow was positive +210.9bn. Financing cash flow was negative +162.7bn.

CFO / net income was 1.62x.

After spending +30.5bn on fixed-asset investment, the business generated trailing free cash flow of +64.2bn.

For construction contractors, FCF swings sharply with project progress and payment cycles — should be read alongside backlog and receivables quality.

Cash Conversion

CFO TTM 94.7bn −161.3bn

Cash Capex 30.5bn +28.3bn

FCF TTM +64.2bn −189.6bn

Investment Takeaway

The business is showing brightening signals, but the improvement is still early and not yet thick enough to read as a confirmed trend. The brighter spot is operating efficiency, with net margin improving 2.5 pp. The next item to monitor is capital efficiency, with ROIC at 5.6%. The main risk still sits in leverage and liquidity, with interest coverage at 0.99x.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 3.52% after expanding 2.5pp versus the same period last year.

Watchpoint: Capital efficiency needs cycle context.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 0.99x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	1,666.9	943.8	986.1	788.9	883.1
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	1,666.9	943.8	986.1	788.9	883.1
Cost of Goods Sold	1,470.3	859.9	877.9	690.1	0.0
Gross Profit	196.6	83.8	108.2	98.8	113.7
Financial Income	11.0	23.3	0.2	0.4	20.9
Financial Expenses	64.7	63.9	69.1	53.5	-62.0
Interest Expense	47.9	57.0	66.8	50.7	-49.6
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	—	0.0	0.0	0.0	-0.0
General and Administrative Expenses	79.0	41.9	26.7	27.2	-30.5
Operating Profit	63.8	1.3	12.6	18.5	42.1
Other Income	9.2	18.2	14.6	5.7	0.0
Other Expenses	5.5	9.4	8.2	4.4	0.0
Other Profit	3.7	8.8	6.3	1.2	13.7
Profit Before Tax	67.5	10.1	19.0	19.8	55.8
Current Income Tax Expense	14.7	6.3	4.4	4.7	-13.3
Deferred Income Tax Expense	-0.4	0.1	-0.1	-0.5	0.0
Net Income	53.2	3.8	14.6	15.6	42.5
Non-controlling Interest	1.0	-0.2	-0.1	1.2	-1.1
Profit Attributable to Parent	52.2	3.9	14.7	14.4	43.6
Earnings per Share	1,438.00	108.00	485.00	544.00	2,217.00
Diluted EPS	1,438.00	108.00	405.86	524.77	2,027.08

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,069.0	1,358.5	1,265.9	1,269.7	1,049.8
I. Cash and cash equivalents	209.5	161.7	14.0	18.8	98.8
1. Cash	196.3	159.1	11.4	18.8	0.0
2. Cash equivalents	13.1	2.5	2.5	0.0	0.0
II. Short-term financial investments	23.5	113.2	0.0	0.0	0.0
1. Available for sale securities	—	0.0	0.0	0.0	0.0
2. Provision for diminution in value of available for sale securities (*)	—	0.0	0.0	0.0	0.0
3. Held to maturity investments	23.5	113.2	0.0	0.0	0.0
III. Short-term receivables	410.1	390.2	406.0	471.6	292.6
1. Short-term trade accounts receivable	278.5	257.1	265.2	344.4	0.0
2. Short-term prepayments to suppliers	133.9	100.6	45.8	60.2	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	65.0	55.5	99.1	67.0	0.0
7. Provision for short-term doubtful debts (*)	-67.3	-23.0	-4.1	0.0	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	415.6	693.3	845.4	777.2	658.5
1. Inventories	415.6	693.3	845.4	777.2	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	10.3	0.1	0.6	2.2	0.0
1. Short-term prepayments	0.1	0.0	0.5	0.4	0.0
2. Value added tax to be reclaimed	6.4	0.1	0.1	0.1	0.0
3. Taxes and other receivables from state authorities	3.8	0.0	0.0	1.7	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)	527.2	514.7	542.1	574.4	531.7
I. Long-term receivables	24.1	26.7	18.6	16.5	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	13.0
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	24.1	26.7	18.6	16.5	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	481.7	470.1	502.1	521.9	496.7
1. Tangible fixed assets	393.8	366.5	398.4	426.3	459.6
- Cost	1,318.8	1,258.9	1,263.0	1,287.8	0.0
- Accumulated depreciation	-925.0	-892.4	-864.6	-861.5	0.0
2. Financial leased fixed assets	87.4	102.8	102.5	94.1	35.2
- Cost	111.8	125.0	115.4	98.5	0.0
- Accumulated depreciation	-24.4	-22.2	-12.9	-4.4	0.0
3. Intangible fixed assets	0.5	0.8	1.2	1.6	1.9
- Cost	3.2	3.2	3.2	3.2	0.0
- Accumulated depreciation	-2.7	-2.4	-2.0	-1.6	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	3.2	1.5	1.5	4.3	3.7
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	3.2	1.5	1.5	4.3	0.0
V. Long-term financial investments	—	0.0	2.0	2.5	2.5
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	0.0	2.0	2.5	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	18.2	16.5	17.9	29.1	0.0
1. Long-term prepayments	18.2	16.5	17.9	29.1	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	15.8
5. Goodwill	—	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,596.2	1,873.2	1,808.0	1,844.1	1,581.6
A. LIABILITIES (300=210+330)	1,104.5	1,433.4	1,370.6	1,421.4	1,234.1
I. Short -term liabilities	723.8	996.5	1,038.8	886.9	837.6
1. Short-term trade accounts payable	127.6	198.4	244.3	157.3	116.0
2. Short-term advances from customers	3.0	16.4	10.6	12.3	13.7
3. Taxes and other payables to state authorities	10.3	18.7	26.0	24.5	0.0
4. Payable to employees	16.3	36.1	53.8	27.4	0.0
5. Short-term acrrued expenses	35.8	36.8	24.6	23.3	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	0.0	0.0	0.0	0.0
9. Other short-term payables	31.0	56.5	56.2	33.3	0.0
10. Short-term borrowings and financial leases	499.1	631.1	620.2	605.4	607.2
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.7	2.6	3.0	3.5	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	380.8	436.9	331.8	534.4	396.5
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	321.8	369.7	239.8	413.6	270.4
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	53.5	61.4	86.4	115.1	59.9
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	5.5	5.9	5.6	5.7	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)	491.6	439.8	437.4	422.7	347.4
I. Owner's equity	491.6	439.8	437.4	422.7	0.0
1. Owner's capital	363.4	363.4	363.4	275.3	347.4
- Common stock with voting right	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	275,295,040,000.00	215,295,040,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	1.8	1.8	1.8	1.9	1.9
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	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	29.3	29.3	29.3	56.9	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	73.6	22.7	20.1	66.5	51.0
- Accumulated retained earning at the end of the previous period	22.5	19.8	5.3	52.0	-12.0
- Undistributed earnings in this period	51.1	2.9	14.7	14.4	63.0
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	23.5	22.5	22.7	22.2	22.4
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,596.2	1,873.2	1,808.0	1,844.1	1,581.6

Item	2025	2024	2023	2022	2021
Profit Before Tax	67.5	10.1	19.0	19.8	0.0
Depreciation of Fixed Assets and Investment Property	36.2	42.5	43.5	45.2	11.0
Provision (Increase)/Reversal	45.0	18.9	4.1	-5.6	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.5	-6.2	0.0	0.0	0.0
Gain/Loss from Investment Activities	-1.5	-18.7	-8.8	-0.4	0.0
Interest Expense	47.9	57.0	66.8	50.7	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	195.6	103.5	124.5	109.7	0.0
Increase/(Decrease) in Receivables	-74.1	-13.1	61.0	-189.0	0.0
Increase/(Decrease) in Inventory	277.7	162.3	-68.2	-117.9	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-180.8	94.3	-35.0	214.8	0.0
Increase/(Decrease) in Prepaid Expenses	-1.7	1.9	11.0	-13.6	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-49.7	-52.9	-66.7	-48.8	0.0
Corporate Income Tax Paid	-18.9	-9.3	-5.0	-17.2	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-1.9	-0.5	-0.4	-0.7	0.0
Net Cash Flow from Operating Activities	146.2	286.3	21.3	-62.8	121.4
Payments for Fixed Assets and Other Long-term Assets	-29.8	-10.5	-22.6	-9.6	-11.3
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.3	1.7	9.6	0.0	0.5
Loans and Purchases of Debt Instruments	-163.2	-113.2	0.0	0.0	-7.4
Receipts from Loan Repayments and Sale of Debt Instruments	252.8	2.0	0.5	0.0	7.6
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	4.6	17.0	0.2	0.4	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	64.7	-102.9	-12.3	-9.1	-10.4
Proceeds from Equity Issuance and Capital Contributions	—	0.00	20,770,000.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	561.2	420.4	539.1	468.9	537.1
Repayment of Borrowings	-691.1	-433.5	-524.7	-464.7	-565.1
Repayment of Finance Leases	-32.8	-30.7	-28.3	-12.2	-1.2
Dividends Paid	—	0.0	0.0	0.0	0.0
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-162.7	-43.8	-13.9	-8.1	-29.2
Net Cash Flow During the Period	48.3	139.6	-4.8	-80.0	32.9
Cash and Cash Equivalents at Beginning of Period	161.7	14.0	18.8	98.8	16.9
FX Difference from Revaluation	-0.5	8.1	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	209.5	161.7	14.0	18.8	98.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	435.3	367.1	391.9	488.7	419.1	467.1	187.7	160.3	140.8	249.7	308.3	314.4
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	435.3	367.1	391.9	488.7	419.1	467.1	187.7	160.3	140.8	249.7	308.3	314.4
Cost of Goods Sold	389.9	328.6	355.2	399.7	386.7	449.0	158.1	138.7	114.2	227.4	272.9	289.0
Gross Profit	45.4	38.5	36.7	88.9	32.4	18.0	29.6	21.7	26.6	22.4	35.4	25.4
Financial Income	1.5	3.0	3.6	5.7	0.0	22.8	0.0	0.4	0.0	0.2	0.0	0.0
Financial Expenses	17.8	15.7	16.0	21.4	13.0	14.2	17.4	13.8	18.6	13.7	17.7	17.5
Interest Expense	11.0	10.3	11.5	14.1	13.0	12.7	12.0	12.0	16.3	11.4	15.3	15.8
Share of Associates and Joint Ventures	—	—	—	—	—	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
General and Administrative Expenses	9.1	8.5	10.3	54.2	6.5	21.5	7.5	6.7	6.3	7.6	4.6	5.2
Operating Profit	20.0	17.2	14.1	19.1	13.0	5.2	4.7	1.6	1.7	1.3	13.0	2.7
Other Income	0.5	-4.6	8.5	4.4	0.4	2.5	2.1	1.0	0.5	5.1	0.2	8.9
Other Expenses	0.1	1.5	0.7	1.8	0.5	3.6	4.6	0.6	0.6	0.4	3.4	2.9
Other Profit	0.4	-6.1	7.8	2.6	-0.1	-1.0	-2.5	0.4	-0.1	4.6	-3.2	6.0
Profit Before Tax	20.4	11.1	21.8	21.7	12.9	4.2	2.3	2.0	1.6	5.9	9.8	8.7
Current Income Tax Expense	4.0	3.4	4.6	4.2	2.5	4.2	1.2	0.5	0.4	1.3	2.0	2.0
Deferred Income Tax Expense	-0.2	-0.3	0.1	-0.0	-0.2	-0.2	0.1	0.2	-0.0	-0.1	0.3	0.1
Net Income	16.6	8.0	17.1	17.5	10.6	0.2	1.0	1.3	1.3	4.7	7.6	6.6
Non-controlling Interest	0.5	0.6	-0.2	0.1	0.5	0.5	-0.4	-0.3	0.1	0.6	-0.6	-0.3
Profit Attributable to Parent	16.2	7.4	17.4	17.4	10.1	-0.3	1.3	1.6	1.2	4.1	8.2	6.8
Earnings per Share	445.00	203.00	478.00	479.00	279.00	-8.00	37.00	45.00	33.00	128.00	294.00	246.00
Diluted EPS	444.77	202.59	477.71	478.74	278.66	-7.84	36.80	45.00	32.93	113.19	247.01	206.29

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,215.1	1,088.9	1,134.3	1,376.3	1,172.2	1,717.9	1,770.2	1,256.0	1,275.6	1,265.1	1,236.9	1,330.9
I. Cash and cash equivalents	153.6	196.3	247.6	268.9	98.7	274.8	439.8	16.0	15.6	14.0	34.8	17.4
1. Cash	151.0	196.3	247.6	268.9	96.2	159.1	437.2	13.4	13.1	11.4	32.3	17.4
2. Cash equivalents	2.5	—	—	—	2.5	115.7	2.5	2.5	2.5	2.5	2.5	0.0
II. Short-term financial investments	23.5	36.6	67.1	116.9	61.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Available for sale securities	—	—	—	—	—	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
3. Held to maturity investments	23.5	36.6	67.1	116.9	61.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	627.8	422.8	356.7	408.3	441.1	749.7	447.7	388.7	412.6	403.7	322.4	422.3
1. Short-term trade accounts receivable	514.1	290.2	277.5	310.2	319.0	610.5	323.6	290.5	277.8	265.5	188.8	280.7
2. Short-term prepayments to suppliers	103.7	133.9	102.6	115.8	94.8	100.5	74.4	54.2	47.9	45.8	47.7	54.4
3. Short-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	77.3	66.0	44.0	49.7	49.7	61.7	58.2	50.3	92.2	96.5	88.8	87.2
7. Provision for short-term doubtful debts (*)	-67.3	-67.3	-67.4	-67.4	-22.4	-23.0	-8.4	-6.4	-5.4	-4.1	-2.9	0.0
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	396.4	422.8	458.2	576.7	570.5	693.3	882.6	851.3	846.6	845.4	876.9	887.3
1. Inventories	396.4	422.8	458.2	576.7	570.5	693.3	882.6	851.3	846.6	845.4	876.9	887.3
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	13.9	10.4	4.7	5.4	0.1	0.1	0.1	0.0	0.8	2.1	2.8	4.0
1. Short-term prepayments	0.3	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.7	1.9	2.2	3.0
2. Value added tax to be reclaimed	12.5	6.4	2.9	0.9	0.0	0.1	0.0	0.0	0.0	0.1	0.0	0.0
3. Taxes and other receivables from state authorities	1.1	3.9	1.7	4.5	0.0	0.0	0.0	0.0	0.0	0.1	0.5	0.9
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)	525.5	527.2	531.7	520.3	526.1	507.7	516.7	515.2	527.2	540.7	552.7	572.7
I. Long-term receivables	18.8	24.1	30.1	30.0	29.5	19.6	19.2	19.2	18.8	18.6	18.8	18.8
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	18.8	24.1	30.1	30.0	29.5	19.6	19.2	19.2	18.8	18.6	18.8	18.8
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	490.4	481.7	486.5	478.7	483.0	470.1	473.8	481.5	491.5	502.1	509.2	519.8
1. Tangible fixed assets	390.6	393.8	369.9	360.3	361.6	366.5	374.1	382.1	390.2	398.4	407.2	415.5
- Cost	1,320.5	—	—	—	—	1,258.9	1,262.0	1,263.0	1,263.0	1,263.0	1,263.6	1,263.3
- Accumulated depreciation	-929.9	—	—	—	—	-892.4	-887.9	-881.0	-872.8	-864.6	-856.4	-847.8
2. Financial leased fixed assets	99.4	87.4	116.0	117.6	120.6	102.8	98.7	98.4	100.2	102.5	100.7	102.9
- Cost	126.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-26.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.5	0.5	0.6	0.7	0.8	0.8	0.9	1.0	1.1	1.2	1.3	1.4
- Cost	3.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.7	—	—	—	—	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	1.5	3.2	2.1	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	8.4
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	1.5	3.2	2.1	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	8.4
V. Long-term financial investments	—	—	—	—	—	0.0	2.0	2.0	2.0	2.0	2.5	2.5
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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	2.0	2.0	2.0	2.0	2.5	2.5
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	14.8	18.2	13.0	10.3	12.2	16.5	20.3	11.1	13.5	16.5	20.7	23.2
1. Long-term prepayments	14.8	18.2	13.0	10.3	12.2	16.5	20.3	11.1	13.5	16.5	20.7	23.2
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)	1,740.6	1,616.1	1,665.9	1,896.6	1,698.3	2,225.6	2,286.9	1,771.3	1,802.9	1,805.8	1,789.6	1,903.6
A. LIABILITIES (300=210+330)	1,232.3	1,124.4	1,181.7	1,429.5	1,248.1	1,785.8	1,846.2	1,335.8	1,364.4	1,367.6	1,356.2	1,472.2
I. Short -term liabilities	787.1	750.5	760.6	883.4	960.3	977.4	1,034.4	995.0	1,017.2	1,008.6	1,010.3	924.7
1. Short-term trade accounts payable	124.7	131.8	104.6	159.0	205.0	198.9	219.5	198.3	240.4	244.6	226.0	180.2
2. Short-term advances from customers	10.2	9.7	10.5	10.6	10.8	23.2	12.1	12.1	11.4	10.6	17.2	18.3
3. Taxes and other payables to state authorities	13.6	10.4	12.5	9.4	13.1	18.7	27.5	28.8	24.1	26.1	20.5	15.0
4. Payable to employees	31.9	16.3	13.2	23.3	34.6	38.0	54.9	29.5	54.5	53.8	49.8	44.8
5. Short-term acrrued expenses	38.1	35.8	26.9	45.0	42.2	36.6	53.5	39.4	32.5	24.6	39.9	25.9
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	0.1	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	31.8	39.8	36.0	55.2	50.0	73.1	79.8	92.8	58.0	52.4	60.4	43.8
10. Short-term borrowings and financial leases	536.2	505.9	555.9	579.3	602.5	586.3	584.6	591.3	593.4	593.4	593.5	593.6
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	0.6	0.7	1.0	1.7	2.0	2.6	2.6	2.9	2.9	3.0	3.1	3.2
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	445.2	374.0	421.1	546.1	287.8	808.4	811.8	340.8	347.2	359.0	345.8	547.5
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	385.8	321.8	352.6	462.0	206.3	715.8	715.8	239.8	239.8	239.8	222.1	415.4
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	54.1	46.7	62.7	78.5	75.8	86.8	90.0	95.0	101.7	113.2	117.7	126.4
9. Convertible bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	5.3	5.5	5.7	5.6	5.7	5.9	6.0	6.0	5.7	6.0	6.0	5.8
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)	508.3	491.6	484.2	467.1	450.2	439.8	440.6	435.5	438.5	438.2	433.4	431.3
I. Owner's equity	508.3	491.6	484.2	467.1	450.2	439.8	440.6	435.5	438.5	438.2	433.4	431.3
1. Owner's capital	363.4	363.4	363.4	363.4	363.4	363.4	363.4	363.4	363.4	363.4	330.4	330.4
- Common stock with voting right	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	363,422,690,000.00	330,390,610,000.00	330,390,610,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.8	1.9
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	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	-1.2	0.0	0.0	0.0	0.0
8. Investment and development fund	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3
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	89.7	73.6	66.8	49.4	32.6	22.7	24.0	19.7	21.7	21.5	50.4	47.7
- Accumulated retained earning at the end of the previous period	73.6	22.5	22.5	22.5	22.5	19.8	19.8	16.9	20.5	-5.7	27.4	30.1
- Undistributed earnings in this period	16.2	51.1	44.4	26.9	10.1	2.9	4.2	2.8	1.2	27.2	23.0	17.6
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	24.0	23.5	22.8	23.2	23.0	22.5	22.0	22.4	22.1	22.1	21.5	22.1
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)	1,740.6	1,616.1	1,665.9	1,896.6	1,698.3	2,225.6	2,286.9	1,771.3	1,802.9	1,805.8	1,789.6	1,903.6

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	—	33.0	—	34.6	—	0.0	-3.7	3.7	0.0	19.0	-4.4	4.4
Depreciation of Fixed Assets and Investment Property	—	18.6	—	17.6	—	0.0	-21.2	21.2	0.0	43.5	-21.3	21.3
Provision (Increase)/Reversal	—	0.6	—	44.4	—	0.0	-2.2	2.2	0.0	4.1	-2.9	2.9
FX Gain/Loss from Revaluation of Monetary Items	—	4.1	—	-3.6	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	—	-1.4	—	-0.1	—	0.0	0.4	-0.4	0.0	-8.8	3.2	-3.2
Interest Expense	—	21.7	—	26.1	—	0.0	-31.0	31.0	0.0	66.8	-36.5	36.5
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	—	76.6	—	119.0	—	0.0	-57.7	57.7	0.0	124.5	-61.9	61.9
Increase/(Decrease) in Receivables	—	-4.7	—	-69.4	—	0.0	-8.6	8.6	0.0	61.0	-47.1	47.1
Increase/(Decrease) in Inventory	—	161.1	—	116.6	—	0.0	5.9	-5.9	0.0	-68.2	110.1	-110.1
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	-221.3	—	40.5	—	0.0	24.1	-24.1	0.0	-35.0	-51.6	51.6
Increase/(Decrease) in Prepaid Expenses	—	-7.9	—	6.2	—	0.0	-7.4	7.4	0.0	11.0	-3.3	3.3
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	—	-22.0	—	-27.8	—	0.0	21.1	-21.1	0.0	-66.7	37.5	-37.5
Corporate Income Tax Paid	-0.2	-10.5	6.5	-11.9	-2.9	-0.1	-3.6	-0.0	-0.0	-2.0	-1.8	-1.1
Other Operating Receipts	24.7	—	—	—	—	69.6	132.9	-39.8	39.8	-134.6	134.6	-54.9
Other Operating Payments	-33.6	423.8	-424.8	96.6	-97.4	-123.7	-204.4	56.9	-57.1	181.8	-182.3	50.0
Net Cash Flow from Operating Activities	-77.6	-56.9	33.7	195.5	-26.1	-156.7	429.5	9.2	13.2	-18.1	24.2	-35.9
Payments for Fixed Assets and Other Long-term Assets	-1.8	-8.4	-15.6	-4.7	-1.2	-0.9	0.0	-0.1	0.0	-18.5	16.3	-19.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.4	-0.5	0.7	0.1	—	1.0	8.8	0.0	0.0	5.1	0.2	4.0
Loans and Purchases of Debt Instruments	—	-163.2	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	—	195.7	—	57.2	—	0.0	0.0	0.0	0.0	0.5	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	0.9	3.8	0.8	0.0	0.0	0.1	0.0	0.4	0.0	0.2	0.0	0.0
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-0.5	84.6	-71.2	52.6	-1.2	0.3	8.8	0.4	0.0	-12.7	16.5	-15.3
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	20,770,000.00	-20,770,000.00	20,770,000.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	157.3	113.1	145.5	185.2	117.4	137.4	104.2	97.1	81.6	133.8	108.6	186.5
Repayment of Borrowings	-127.7	-171.8	-179.2	-197.5	-142.6	-137.4	-110.9	-99.2	-86.0	-123.6	-117.8	-179.2
Repayment of Finance Leases	-7.4	-6.6	-7.5	-8.2	-10.5	-8.5	-7.9	-7.2	-7.1	-0.3	-14.2	0.4
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	22.2	-65.3	-41.1	-20.6	-35.7	-8.5	-14.6	-9.2	-11.5	10.0	-23.4	7.8
Net Cash Flow During the Period	-55.9	-37.6	-78.7	227.5	-62.9	-165.0	423.8	0.4	1.7	-20.8	17.4	-43.3
Cash and Cash Equivalents at Beginning of Period	209.3	247.6	329.9	98.7	161.7	14.0	14.0	14.0	14.0	18.8	18.8	18.8
FX Difference from Revaluation	—	-0.5	—	3.6	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	153.4	209.5	247.6	329.9	98.7	274.8	439.8	16.0	15.6	14.0	34.8	17.4

Explore Other Stocks In The Same Sector

VCG, SJG, PC1, LLM, CTD, DPG, SCG, L40, HBC, CC1, DSH, L18, DC4, LHC, ICN, SJE, LCG, S55, HMS, TED, CIG, TCD, S99, PVV, FCN, C4G, DCF, HAN, TTL, HEC, SDT, ACC, GTS, CCC, HVH, SC5, L10, VSI, VC6, CHS, PQN, LIG, CMS, TSA, TA9, G36, XMC, VIW, SRF, SD5, MST, PHC, BMK, DLR, VCC, ICG, HTN, VC2, DIH, DRH, LM8, CDC, ALV, PPS, PXS, HC1, V12, DC1, XLV, GH3, HFB, SD2, VC1, DC2, NDX, CT6, CH5, HU1, VE1, L12, E29, SJM, QTC, VE9, TV6, VSE, LMI, RCC, HTE, PXT, C92, PEN, PTD, CID, PVX, TA6, CDR, RCD, QCC, SCI, TL4, CDO, L63, PTO, VC9, TEL, LG9, CX8, CT3, PXI, CI5, TS3, ICI, MES, LM3, ACS, LCD, H11, VE4, VE3, CIP, MCO, PVA, S12, SDP, L35, VCE, SD7, VE2, CLG, LUT, HU3, HAS, LO5, L43, SD4, TST, VW3, E12, L45, PVH, VMC, MCG, SDD, LCS, VXB, VE8, LM7, MEC, UDC, SD6, L61, SHG, L62, VVN, TKC, DFF, C12, L44, NTB, S96, SD8, SDB, TNM, VC5

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

C47

What Is Changing

Drivers of C47's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ▲

Is capital being used efficiently?

Is capital being deployed efficiently? ▲

Balance Sheet ●

Working Capital Efficiency ▲

Is financial risk significant?

Leverage & Liquidity ▼

Cash Flow ▼

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow