CHS

Listed Company · UPCOM

Price

11,200

Latest close

01 Apr 2026

P/E 10.3x

EPS (TTM) 1,086

ROE (TTM) 9.6%

P/B 1.0x

BVPS (Latest) 11,262

ROA (TTM) 6.5%

What Is Changing

CHS has not yet shown a broad-based top-line recovery. Revenue posted -10.3% YoY, but net margin reached 5.46% with an additional -0.1pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

Revenue decreased 10.3% YoY to VND 565.0bn in 2025.
Quarterly Net Income increased 12.5% YoY to VND 8.8bn in 2025Q4.

Metric	2025	2024	2023	2022	2021
Revenue	565.0	629.8	635.6	557.8	437.0
Growth	-10%	-1%	+14%	+28%	—
Net Income	30.8	35.3	39.6	33.3	26.6
Net Margin	5.46%	5.60%	6.23%	5.97%	6.10%

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	161.3	160.4	180.7	62.6	132.9	107.0	306.9	83.1	211.3	153.4	129.2	141.8
Growth	+1%	-11%	+189%	-53%	+24%	-65%	+269%	-61%	+38%	+19%	-9%	—
Net Income	8.8	7.8	7.1	7.1	7.8	8.2	12.0	7.3	13.1	10.4	6.4	9.7
Net Margin	5.47%	4.88%	3.93%	11.33%	5.90%	7.64%	3.92%	8.73%	6.20%	6.76%	4.93%	6.85%

Financial Statements

Profitability

Net margin reached 5.46% while Revenue posted -10.3% YoY.

Balance Sheet

Inventory stood at 48.2bn, liabilities at 159.4bn, and equity at 319.8bn.

Cash Flow

Operating cash flow was -33.8bn in 2024, while investing cash flow was 78.3bn.

Financing cash flow: -27.0bn.

Item	2025	2024	2023	2022	2021
Revenue	565.0	629.8	635.6	557.8	437.0
Revenue Deductions	0.0	0.0	0.0	0.0	0.0
Net Revenue	565.0	629.8	635.6	557.8	437.0
Cost of Goods Sold	448.0	510.1	514.7	446.4	0.0
Gross Profit	117.0	119.7	120.9	111.4	98.6
Financial Income	8.4	6.2	11.5	7.4	7.0
Financial Expenses	0.0	0.0	0.0	0.0	-0.0
Interest Expense	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
Selling Expenses	0.0	0.0	0.0	0.0	-0.0
General and Administrative Expenses	86.6	81.9	82.5	74.5	-72.3
Operating Profit	38.8	44.0	49.9	44.3	33.3
Other Income	1.3	2.2	0.5	1.5	0.0
Other Expenses	1.2	2.0	0.6	3.5	0.0
Other Profit	0.1	0.2	-0.1	-2.0	0.1
Profit Before Tax	38.9	44.2	49.9	42.2	33.4
Current Income Tax Expense	8.0	9.0	10.3	9.0	-6.8
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	30.8	35.3	39.6	33.3	26.6
Non-controlling Interest	0.0	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	30.8	35.3	39.6	33.3	26.6
Earnings per Share	1,085.62	1,242.00	1,394.00	973.00	658.00
Diluted EPS	1,085.62	1,241.65	1,393.99	1,171.74	938.20

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	461.9	442.6	505.7	487.3	418.0
I. Cash and cash equivalents	178.8	209.6	192.1	90.4	176.3
1. Cash	68.8	78.6	81.1	90.4	0.0
2. Cash equivalents	110.0	131.0	111.0	0.0	0.0
II. Short-term financial investments	41.0	0.0	70.0	121.0	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	41.0	0.0	70.0	121.0	0.0
III. Short-term receivables	192.6	192.4	197.2	167.4	125.9
1. Short-term trade accounts receivable	157.6	158.3	157.9	133.3	0.0
2. Short-term prepayments to suppliers	0.8	0.4	0.4	0.4	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	35.7	35.2	38.9	33.8	0.0
7. Provision for short-term doubtful debts (*)	-1.6	-1.6	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0
IV. Inventories	48.2	30.5	43.9	106.2	53.1
1. Inventories	51.4	33.7	47.1	109.5	0.0
2. Provision for decline in value of inventories	-3.1	-3.2	-3.2	-3.3	0.0
V. Other short-term assets	1.2	10.1	2.4	2.4	2.7
1. Short-term prepayments	0.1	0.1	0.1	1.0	0.0
2. Value added tax to be reclaimed	0.0	0.0	0.0	0.0	0.0
3. Taxes and other receivables from state authorities	1.2	9.9	2.3	1.4	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)	17.4	27.2	36.8	46.6	56.4
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	12.9	14.0	15.1	16.2	17.4
1. Tangible fixed assets	12.9	14.0	15.1	16.2	17.4
- Cost	77.1	77.0	76.9	76.7	0.0
- Accumulated depreciation	-64.2	-63.0	-61.8	-60.5	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	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
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	0.0	0.0	0.0	0.0	0.0
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	0.0	0.0	0.0	0.0	0.0
V. Long-term financial investments	0.0	0.0	0.0	0.0	0.0
1. Investments in subsidiaries	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
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	0.0	0.0	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	4.5	13.2	21.8	30.4	0.0
1. Long-term prepayments	4.5	13.2	21.8	30.4	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	0.0	39.1
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)	479.2	469.8	542.5	534.0	474.5
A. LIABILITIES (300=210+330)	159.4	145.6	215.1	225.1	173.0
I. Short -term liabilities	159.4	145.6	215.1	225.1	173.0
1. Short-term trade accounts payable	75.7	66.0	122.8	147.6	91.1
2. Short-term advances from customers	3.1	0.2	8.3	34.3	3.7
3. Taxes and other payables to state authorities	1.0	0.0	5.5	0.9	0.0
4. Payable to employees	39.9	44.5	47.0	13.0	0.0
5. Short-term acrrued expenses	0.7	0.7	0.9	0.9	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	19.5	15.5	14.4	17.2	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	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	19.5	18.7	16.2	11.2	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)	319.8	324.2	327.4	308.9	301.4
I. Owner's equity	319.5	323.8	327.1	308.5	0.0
1. Owner's capital	284.0	284.0	284.0	284.0	301.1
- Common stock with voting right	284.0	284.0	284.0	284.0	284.0
- 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	0.0	0.0	0.0	0.0	0.0
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	4.6	4.6	3.5	1.8	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	30.8	35.2	39.6	22.7	15.3
- Accumulated retained earning at the end of the previous period	0.0	-0.1	0.0	0.8	0.0
- Undistributed earnings in this period	30.8	35.3	39.6	21.9	15.3
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	0.3	0.3	0.3	0.3	0.3
1. Subsidized not-for-profit funds	0.3	0.3	0.3	0.3	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)	479.2	469.8	542.5	534.0	474.5

Item	2024	2023	2022	2021	2020
Profit Before Tax	0.0	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	0.0	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	0.0	0.0	0.0	0.0	0.0
Interest Expense	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
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	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Receivables	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Inventory	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0
Interest Paid	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-14.5	-9.0	-7.7	0.0	0.0
Other Operating Receipts	10.2	7.7	6.7	0.0	0.0
Other Operating Payments	-54.6	-43.5	-42.0	0.0	0.0
Net Cash Flow from Operating Activities	-33.8	53.4	-7.8	156.0	5.0
Payments for Fixed Assets and Other Long-term Assets	-0.1	-0.1	-0.0	0.0	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	0.0	0.0	0.0	-245.0	15.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	0.0	170.0	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	8.5	10.3	6.8	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	78.3	61.2	-54.2	-64.1	23.9
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	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	0.0	0.0	0.0	0.0	0.0
Repayment of Finance Leases	0.0	0.0	0.0	0.0	0.0
Dividends Paid	-27.0	-12.8	-24.0	-29.4	-24.5
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	-27.0	-12.8	-24.0	-29.4	-24.5
Net Cash Flow During the Period	17.5	101.8	-85.9	22.6	69.9
Cash and Cash Equivalents at Beginning of Period	192.1	90.4	176.3	188.7	149.3
FX Difference from Revaluation	0.0	0.0	0.0	-35.0	0.0
Cash and Cash Equivalents at End of Period	209.6	192.1	90.4	176.3	153.7

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	161.3	160.4	180.7	62.6	132.9	107.0	306.9	83.1	211.3	153.4	129.2	141.8
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	161.3	160.4	180.7	62.6	132.9	107.0	306.9	83.1	211.3	153.4	129.2	141.8
Cost of Goods Sold	122.6	133.5	153.4	38.5	100.9	79.7	270.5	59.1	169.4	127.6	106.7	111.2
Gross Profit	38.7	26.9	27.3	24.0	32.0	27.3	36.4	24.1	41.9	25.8	22.5	30.6
Financial Income	2.1	2.0	2.4	2.0	1.6	1.7	1.3	1.7	2.7	3.2	3.4	2.3
Financial 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
Interest 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
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	29.5	19.1	20.8	17.1	23.8	18.8	22.6	16.7	27.7	16.0	18.0	20.8
Operating Profit	11.3	9.8	8.9	8.9	9.8	10.2	15.1	9.1	16.8	13.0	8.0	12.1
Other Income	1.0	0.3	0.0	0.0	1.0	0.0	1.1	0.0	0.1	0.1	0.1	0.2
Other Expenses	0.9	0.3	0.0	0.0	0.9	0.0	1.1	0.0	0.3	0.0	0.0	0.2
Other Profit	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	-0.2	0.0	0.1	0.0
Profit Before Tax	11.3	9.8	8.9	8.9	9.9	10.2	15.1	9.1	16.6	13.0	8.1	12.2
Current Income Tax Expense	2.5	2.0	1.8	1.8	2.0	2.1	3.0	1.8	3.5	2.6	1.7	2.5
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	8.8	7.8	7.1	7.1	7.8	8.2	12.0	7.3	13.1	10.4	6.4	9.7
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	8.8	7.8	7.1	7.1	7.8	8.2	12.0	7.3	13.1	10.4	6.4	9.7
Earnings per Share	310.53	275.61	250.00	249.72	275.92	287.67	423.99	255.66	461.20	365.37	224.35	342.08
Diluted EPS	310.53	275.61	250.00	249.72	275.92	287.67	423.99	255.66	461.20	365.37	224.35	342.08

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)	461.9	527.3	537.3	415.3	442.7	457.8	533.9	453.9	505.8	521.6	459.6	406.4
I. Cash and cash equivalents	178.8	230.0	192.9	262.8	209.6	266.8	309.9	271.6	192.1	121.6	160.7	122.5
1. Cash	68.8	90.0	72.9	81.8	78.6	85.8	128.9	120.6	81.1	40.6	55.7	52.5
2. Cash equivalents	110.0	140.0	120.0	181.0	131.0	181.0	181.0	151.0	111.0	81.0	105.0	70.0
II. Short-term financial investments	41.0	91.0	111.0	20.0	0.0	0.0	0.0	20.0	70.0	120.0	110.0	101.0
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	41.0	91.0	111.0	20.0	0.0	0.0	0.0	20.0	70.0	120.0	110.0	101.0
III. Short-term receivables	192.6	119.5	147.8	93.5	192.5	130.4	150.3	90.0	197.3	171.8	95.8	113.3
1. Short-term trade accounts receivable	157.6	82.8	111.2	48.5	158.5	94.1	108.8	48.1	157.9	130.6	58.0	73.7
2. Short-term prepayments to suppliers	0.8	1.1	0.8	0.6	0.4	0.7	0.5	0.6	0.4	0.6	0.7	0.4
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	35.7	37.2	37.4	46.0	35.2	35.7	41.0	41.2	38.9	40.6	37.1	39.2
7. Provision for short-term doubtful debts (*)	-1.6	-1.6	-1.6	-1.6	-1.6	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	48.2	84.7	83.4	35.0	30.6	52.8	66.6	67.2	43.9	104.1	89.8	68.6
1. Inventories	51.4	87.9	86.6	38.2	33.7	56.0	69.8	70.4	47.1	107.4	93.2	71.9
2. Provision for decline in value of inventories	-3.1	-3.2	-3.2	-3.2	-3.2	-3.2	-3.2	-3.2	-3.2	-3.3	-3.3	-3.3
V. Other short-term assets	1.2	2.1	2.3	4.1	10.0	7.7	7.1	5.2	2.5	4.2	3.2	1.0
1. Short-term prepayments	0.1	0.1	0.2	0.1	0.1	0.2	0.4	0.2	0.1	0.1	0.1	0.0
2. Value added tax to be reclaimed	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. Taxes and other receivables from state authorities	1.2	2.0	2.1	4.0	9.9	7.4	6.7	5.0	2.3	4.0	3.1	0.9
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)	17.4	19.7	22.2	24.7	27.2	29.4	31.9	34.3	36.8	39.3	41.8	44.1
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	12.9	13.1	13.4	13.7	14.0	14.2	14.5	14.8	15.1	15.4	15.7	15.9
1. Tangible fixed assets	12.9	13.1	13.4	13.7	14.0	14.2	14.5	14.8	15.1	15.4	15.7	15.9
- Cost	77.1	77.0	77.0	77.0	77.0	76.9	76.9	76.9	76.9	76.9	76.9	76.7
- Accumulated depreciation	-64.2	-63.9	-63.6	-63.3	-63.0	-62.7	-62.4	-62.1	-61.8	-61.5	-61.1	-60.8
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	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
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	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 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	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. Long-term financial 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
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	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. 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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	0.0	0.0	0.0	0.0	0.0	0.0	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	4.5	6.6	8.8	11.0	13.2	15.3	17.4	19.6	21.7	23.9	26.0	28.2
1. Long-term prepayments	4.5	6.6	8.8	11.0	13.2	15.3	17.4	19.6	21.7	23.9	26.0	28.2
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)	479.2	547.0	559.5	440.0	469.9	487.2	565.8	488.3	542.6	560.9	501.4	450.5
A. LIABILITIES (300=210+330)	159.4	210.4	230.8	108.7	145.7	143.8	257.5	153.6	215.2	246.7	197.5	131.9
I. Short -term liabilities	159.4	210.4	230.8	108.7	145.7	143.8	257.5	153.6	215.2	246.7	197.5	131.9
1. Short-term trade accounts payable	75.7	132.6	164.8	25.8	66.0	48.2	142.9	77.0	122.8	144.4	106.8	64.7
2. Short-term advances from customers	3.1	7.7	8.1	46.2	0.2	6.2	4.9	31.9	8.3	15.7	15.7	16.9
3. Taxes and other payables to state authorities	1.0	0.6	0.0	0.0	0.0	2.0	4.9	1.8	5.5	2.6	3.4	3.8
4. Payable to employees	39.9	16.5	5.8	1.8	44.5	41.7	24.2	9.1	46.9	22.8	20.5	18.7
5. Short-term acrrued expenses	0.7	12.5	10.2	3.6	0.7	4.9	8.5	1.0	1.1	12.8	4.0	2.1
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	19.5	18.8	17.6	16.5	15.5	18.6	45.2	17.1	14.4	29.6	28.3	14.9
10. Short-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
11. Provision for short-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
12.. Bonus and welfare fund	19.5	21.7	24.2	14.8	18.7	22.2	26.9	15.6	16.2	18.6	18.9	10.8
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)	319.8	336.6	328.7	331.3	324.2	343.4	308.3	334.7	327.4	314.3	303.9	318.6
I. Owner's equity	319.5	336.2	328.4	330.9	323.8	343.1	308.0	334.3	327.0	313.9	303.5	318.3
1. Owner's capital	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0
- Common stock with voting right	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0	284.0
- 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	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. 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	4.6	4.6	4.6	4.6	4.6	4.6	4.6	3.5	3.5	3.5	3.5	1.8
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	30.8	47.6	39.8	42.3	35.2	54.4	19.3	46.9	39.6	26.5	16.1	32.5
- Accumulated retained earning at the end of the previous period	0.0	25.6	25.6	35.2	-0.1	27.0	0.0	39.6	0.0	0.0	0.0	22.7
- Undistributed earnings in this period	30.8	22.0	14.2	7.1	35.3	27.4	19.3	7.3	39.6	26.5	16.1	9.7
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	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
1. Subsidized not-for-profit funds	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
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)	479.2	547.0	559.5	440.0	469.9	487.2	565.8	488.3	542.6	560.9	501.4	450.5

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
Profit Before Tax	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation of Fixed Assets and Investment Property	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Provision (Increase)/Reversal	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	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 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
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in 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
Increase/(Decrease) in Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase/(Decrease) in Prepaid 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
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Corporate Income Tax Paid	-4.1	0.0	0.0	0.0	-9.1	-4.9	0.0	-0.5	-5.6	-3.4	0.0	0.0
Other Operating Receipts	2.0	2.8	6.0	1.9	2.5	0.2	1.3	0.7	2.8	-0.9	5.6	0.2
Other Operating Payments	-14.4	-14.1	-6.4	-16.7	-16.4	-6.1	-8.7	-17.9	-11.7	-5.2	-10.9	-15.7
Net Cash Flow from Operating Activities	-79.1	15.6	19.0	71.8	-31.9	-44.6	17.0	25.7	29.0	-30.6	44.8	10.1
Payments for Fixed Assets and Other Long-term Assets	0.0	0.0	0.0	0.0	-0.1	0.0	0.0	0.0	-0.1	0.0	0.0	0.0
Proceeds from Disposal of Fixed Assets and 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
Loans and Purchases of Debt Instruments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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
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	3.5	1.5	2.1	1.3	1.9	1.5	1.3	3.8	4.5	1.3	2.4	2.1
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	53.5	21.5	-88.9	-18.7	1.8	1.5	21.3	53.8	54.4	-8.7	-6.6	22.1
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	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Repayment of Borrowings	0.0	0.0	0.0	0.0	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	-25.6	-0.0	-0.0	-0.0	-27.0	-0.0	-0.0	-0.0	-12.8	0.1	-0.0	-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	-25.6	-0.0	-0.0	-0.0	-27.0	-0.0	-0.0	-0.0	-12.8	0.1	-0.0	-0.0
Net Cash Flow During the Period	-51.2	37.1	-69.9	53.1	-57.2	-43.1	38.3	79.5	70.6	-39.2	38.2	32.1
Cash and Cash Equivalents at Beginning of Period	230.0	192.9	262.8	209.6	192.1	192.1	192.1	192.1	90.4	90.4	90.4	90.4
FX Difference from Revaluation	0.0	0.0	0.0	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	178.8	230.0	192.9	262.8	209.6	266.8	309.9	271.6	192.1	121.6	160.7	122.5

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