D2D

Phát triển Đô thị Công nghiệp số 2 ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 32.48%, +9.38pp YoY

Price

32,550

Latest close

03 Jun 2026

P/E 4.14x

P/B 1.37x

EPS 7,856

BVPS 23,811

ROE 32.2%

ROA 15.7%

Profit Margin 32.5%

Asset Turnover 0.48x

Equity Mult. 2.06x

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

What Is Changing

On a TTM 2026Q1 basis, D2D is improving on both revenue and margins, suggesting current growth is backed by both scale and operating efficiency — the growth momentum has held across consecutive periods. The next test will be whether this pace holds as the comparison base gets tougher.

	                            
	                                TTM REVENUE
	                            
	                                    VND 733bn
	                                
+77.7%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 238bn
	                                
+149.8%YoY

Metric	2025	2024	2023	2022	2021
Revenue	781.0	346.3	194.8	130.9	472.3
Growth	+126%	+78%	+49%	-72%	—
Net Income	239.9	88.2	25.8	17.2	242.7
Net Margin	30.72%	25.47%	13.22%	13.12%	51.39%

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	44.1	35.8	101.6	551.5	92.0	266.3	26.8	27.5	25.8	118.6	32.8	17.2
Growth	+23%	-65%	-82%	+499%	-65%	+893%	-2%	+7%	-78%	+261%	+91%	—
Net Income	5.3	7.7	18.3	206.8	8.3	90.9	2.5	-6.4	1.0	23.5	-5.1	1.0
Net Margin	12.00%	21.37%	18.01%	37.50%	9.03%	34.14%	9.20%	-23.30%	3.78%	19.81%	-15.47%	5.72%

Drivers of D2D's profit

TTM

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

Gross profit ↑ 197.6bn

Tax ↑ 32.5bn

Administrative expenses ↑ 26.5bn

TTM

Net profit attributable to parent declined vs prior quarter, mainly due to higher administrative expenses. Supporting and offsetting drivers:

Gross profit ↑ 0.9bn

Tax ↓ 0.6bn

Other profit ↑ 0.4bn

Administrative expenses ↑ 4.5bn

Financial income ↓ 0.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 11.3% = 23.1% × 0.26 × 1.89

2026Q1 32.2% = 32.5% × 0.48 × 2.06

ROE rose from 11.3% to 32.2% — all three components improved, with asset turnover contributing the most.

Net margin: 32.5% +9.4pp Asset turnover: 0.48x +0.22x Leverage: 2.06x +0.17x

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 32.48%, rising 9.4pp. The main driver is Gross margin rose 9.2pp and SG&A / Revenue fell 1.5pp, moving in line with the stronger net margin (with additional support from Other profit / Revenue rose 0.5pp).

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

Profitability trend

Net Margin 32.48% +9.4pp

Gross Margin 49.77% +9.2pp

SG&A / Revenue 10.19% −1.5pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Capital efficiency for residential developers should be read alongside project cycles and handover timing — ROIC fluctuates with handover cycles.

Is capital being deployed efficiently?

Track how much operating profit the business generates on invested capital.

For real estate developers, ROIC moves with project cycles — this is a reference signal, and the real assessment needs upcoming handover periods.

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin 32.52% +9.0pp

Capital Turnover — —

Average Invested Capital — —

Balance Sheet

ROIC for residential developers swings with project cycles and handover timing — the balance sheet below adds perspective. Capital structure is notably light for the real estate sector — liabilities at 0.95x equity, with a net cash position equivalent to 0.02x equity.

Over the last 12 months, working capital absorbed 187.9bn of cash, mainly because of higher receivables and lower payables. Part of that drag was offset by lower inventories.

Working Capital Drivers

Receivables increased → lower CFO: −20.9bn

Inventories decreased → higher CFO: +28.7bn

Payables decreased → lower CFO: −195.7bn

Is financial risk significant?

Financial risk is low — the company has net cash and CFO reached 562.4bn.

Leverage & Liquidity

Track net leverage, interest coverage, and the liquidity buffer on the balance sheet.

Debt maturity and the cash buffer remain the two key areas to monitor.

Leverage for residential developers should be read alongside project cycles, development inventory, and handover timing.

Leverage and liquidity trend

Net Debt / Equity -0.02x —

Interest Coverage — —

Cash / Debt — —

Short-term Debt / Total Debt — —

CFO / NI 1.44x −4.21x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 562.4bn in 2025, against investing cash flow of -311.8bn.

Post-investment cash flow was positive +250.6bn. Financing cash flow was negative +253.7bn.

CFO / net income was 1.44x.

After spending +110.0bn on fixed-asset investment, the business generated trailing free cash flow of +232.4bn.

For residential developers, FCF and CFO swing with project cycles — negative during investment phases and positive at handover — not representative of single-year efficiency.

Cash Conversion

CFO TTM 342.4bn −196.0bn

Cash Capex 110.0bn +56.0bn

FCF TTM +232.4bn −252.0bn

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The brighter spot is operating efficiency, with net margin improving 9.4 pp. The next item to monitor is capital efficiency.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 32.48% after expanding 9.4pp versus the same period last year.

Watchpoint: Capital efficiency needs cycle context.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	781.0	346.3	194.8	130.9	472.3
Revenue Deductions	—	0.0	0.0	0.0	0.0
Net Revenue	781.0	346.3	194.8	130.9	472.3
Cost of Goods Sold	417.0	191.4	149.5	93.4	0.0
Gross Profit	364.0	154.9	45.3	37.6	311.1
Financial Income	6.3	2.9	16.7	19.7	43.5
Financial Expenses	-2.3	0.0	1.8	5.5	0.7
Interest Expense	—	1.0	0.0	0.0	0.0
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	70.7	45.2	29.2	31.3	-52.5
Operating Profit	301.9	112.7	31.1	20.5	302.8
Other Income	0.0	0.0	0.9	0.9	0.0
Other Expenses	0.8	2.0	0.0	0.0	0.0
Other Profit	-0.8	-2.0	0.9	0.8	0.6
Profit Before Tax	301.1	110.7	32.0	21.3	303.4
Current Income Tax Expense	58.6	22.6	5.7	2.9	-60.7
Deferred Income Tax Expense	2.5	-0.1	0.5	1.2	0.0
Net Income	239.9	88.2	25.8	17.2	242.7
Non-controlling Interest	—	0.0	0.0	0.0	0.0
Profit Attributable to Parent	239.9	88.2	25.8	17.2	242.7
Earnings per Share	7,520.00	2,426.00	746.00	454.00	8,009.13
Diluted EPS	7,520.00	2,426.00	746.00	454.00	8,009.13

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	307.2	390.0	385.9	570.9	861.5
I. Cash and cash equivalents	61.5	64.6	29.2	16.7	17.6
1. Cash	21.5	8.6	29.2	16.7	0.0
2. Cash equivalents	40.0	56.0	0.0	0.0	0.0
II. Short-term financial investments	30.0	32.5	90.0	280.0	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	30.0	32.5	90.0	280.0	0.0
III. Short-term receivables	77.5	63.7	51.0	77.7	176.7
1. Short-term trade accounts receivable	20.9	39.4	10.2	27.0	0.0
2. Short-term prepayments to suppliers	36.7	3.8	8.5	8.9	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	23.7	24.1	34.7	43.9	0.0
7. Provision for short-term doubtful debts (*)	-3.8	-3.7	-2.4	-2.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	135.5	187.3	153.4	143.8	94.0
1. Inventories	135.5	187.3	153.4	143.8	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	2.7	41.9	62.3	52.6	36.2
1. Short-term prepayments	0.0	2.2	0.2	0.1	0.0
2. Value added tax to be reclaimed	2.7	38.5	60.2	52.0	0.0
3. Taxes and other receivables from state authorities	0.1	1.2	1.9	0.6	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)	1,094.7	1,126.3	1,172.9	1,092.7	924.6
I. Long-term receivables	42.8	11.1	11.1	11.1	0.0
1. Long-term trade receivables	0.1	0.1	0.1	0.1	11.1
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	49.3	17.5	17.5	17.5	0.0
7. Provision for long-term doubtful debts	-6.6	-6.6	-6.6	-6.6	0.0
II. Fixed assets	78.1	82.1	13.7	8.1	6.8
1. Tangible fixed assets	55.5	58.8	13.6	8.0	6.8
- Cost	82.2	82.1	34.0	26.5	0.0
- Accumulated depreciation	-26.7	-23.3	-20.4	-18.5	0.0
2. Financial leased fixed assets	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
3. Intangible fixed assets	22.6	23.2	0.1	0.1	0.1
- Cost	25.0	25.0	1.3	1.3	0.0
- Accumulated depreciation	-2.4	-1.7	-1.2	-1.2	0.0
III. Investment properties	404.0	343.2	356.1	343.0	172.2
- Cost	739.0	650.7	646.3	606.3	0.0
- Accumulated depreciation	-335.0	-307.5	-290.2	-263.2	0.0
IV. Long-term assets in progress	28.2	17.6	65.6	45.9	142.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	28.2	17.6	65.6	45.9	0.0
V. Long-term financial investments	307.8	84.7	83.7	85.6	91.1
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	214.5	0.0	0.0	0.0	0.0
3. Investments in other entities	97.5	91.2	91.2	91.2	0.0
4. Provision for diminution in value of long-term investments	-4.1	-6.5	-7.5	-5.6	0.0
5. Held to maturity investments	—	0.0	0.0	0.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	233.8	587.6	642.7	599.1	0.0
1. Long-term prepayments	231.1	582.4	637.6	593.5	0.0
2. Deferred income tax assets	2.7	5.2	5.1	5.6	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	501.1
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)	1,401.9	1,516.3	1,558.8	1,663.6	1,786.0
A. LIABILITIES (300=210+330)	681.7	769.5	622.1	658.8	689.0
I. Short -term liabilities	104.9	245.9	74.6	88.0	94.2
1. Short-term trade accounts payable	8.7	12.0	5.3	16.0	2.2
2. Short-term advances from customers	6.8	76.2	0.1	0.1	0.1
3. Taxes and other payables to state authorities	3.3	19.9	0.0	1.5	0.0
4. Payable to employees	26.3	12.9	3.8	2.4	0.0
5. Short-term acrrued expenses	11.3	28.1	25.6	30.9	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	27.9	25.1	26.5	24.9	25.7
9. Other short-term payables	16.2	51.4	4.2	2.7	0.0
10. Short-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	4.3	20.3	9.2	9.5	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	576.8	523.6	547.6	570.8	594.8
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	576.7	523.5	547.5	570.8	594.8
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.0
8. Long-term borrowings and financial leases	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	720.2	746.8	936.6	1,004.8	1,097.0
I. Owner's equity	720.2	746.8	936.6	1,004.8	0.0
1. Owner's capital	303.0	303.0	303.0	303.0	1,097.0
- Common stock with voting right	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	69.3	69.3	69.3	69.3	69.3
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	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	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	138.5	102.5	89.3	85.4	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	16.7	16.7	16.7	16.7	0.0
11. Undistributed earnings after tax	194.1	256.7	459.8	531.8	626.6
- Accumulated retained earning at the end of the previous period	2.5	196.5	441.1	520.7	474.9
- Undistributed earnings in this period	191.6	60.2	18.7	11.2	151.7
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	0.0	0.0
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,401.9	1,516.3	1,558.8	1,663.6	1,786.0

Item	2025	2024	2023	2022	2021
Profit Before Tax	301.1	110.7	32.0	21.3	303.4
Depreciation of Fixed Assets and Investment Property	31.5	20.8	28.9	24.1	18.6
Provision (Increase)/Reversal	-2.2	0.4	2.1	5.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-6.3	-2.9	-16.4	-19.7	0.0
Interest Expense	—	1.0	0.0	0.0	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	324.0	129.9	46.6	31.6	277.9
Increase/(Decrease) in Receivables	-7.8	3.9	13.9	60.0	0.0
Increase/(Decrease) in Inventory	51.8	-33.9	-9.6	-49.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-55.7	114.8	-34.5	-16.0	0.0
Increase/(Decrease) in Prepaid Expenses	353.5	53.1	-44.2	-99.0	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	—	-1.0	0.0	0.0	0.0
Corporate Income Tax Paid	-75.2	-1.7	-8.4	-3.0	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-28.3	-3.7	-3.5	-15.4	0.0
Net Cash Flow from Operating Activities	562.4	261.4	-39.7	-91.6	-371.3
Payments for Fixed Assets and Other Long-term Assets	-98.9	-28.2	-67.2	-102.2	-62.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-30.0	-32.5	-230.0	-680.0	-427.0
Receipts from Loan Repayments and Sale of Debt Instruments	32.5	90.0	420.0	937.0	876.9
Investments in Other Entities	-220.8	0.0	0.0	0.0	-1.0
Proceeds from Investments in Other Entities	—	0.0	0.0	0.0	0.0
Dividends and Interest Income Received	5.4	7.5	19.4	41.6	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	-311.8	36.7	142.2	196.4	457.8
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	0.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	95.0	0.0	0.0	0.0
Repayment of Borrowings	—	-95.0	0.0	0.0	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-253.7	-262.8	-89.9	-105.6	-105.6
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	-253.7	-262.8	-89.9	-105.6	-105.6
Net Cash Flow During the Period	-3.1	35.4	12.5	-0.9	-11.3
Cash and Cash Equivalents at Beginning of Period	64.6	29.2	16.7	17.6	36.7
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	61.5	64.6	29.2	16.7	17.6

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
Revenue	44.1	35.8	101.6	551.5	92.0	266.3	26.8	27.5	25.8	118.6	32.8	17.2
Revenue Deductions	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	44.1	35.8	101.6	551.5	92.0	266.3	26.8	27.5	25.8	118.6	32.8	17.2
Cost of Goods Sold	24.5	17.5	57.3	269.1	73.2	128.7	18.7	24.6	17.7	80.6	35.0	16.0
Gross Profit	19.7	18.4	44.3	282.5	18.8	137.5	8.1	2.8	8.0	38.0	-2.2	1.1
Financial Income	0.5	1.1	1.6	2.5	1.1	0.5	0.8	0.6	1.0	2.8	3.5	5.8
Financial Expenses	—	0.9	—	-3.2	—	0.1	0.0	-0.1	0.0	1.5	0.0	0.3
Interest Expense	—	—	—	—	—	1.0	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
Selling Expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
General and Administrative Expenses	13.7	10.6	22.9	27.5	9.1	22.7	6.4	9.9	7.7	11.8	5.9	6.2
Operating Profit	6.5	8.0	23.0	260.7	10.7	115.3	2.5	-6.4	1.3	27.4	-4.6	0.4
Other Income	0.2	0.0	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.8
Other Expenses	0.0	-1.4	0.2	1.8	0.2	1.9	0.0	0.0	0.1	0.0	0.0	0.0
Other Profit	0.2	1.4	-0.2	-1.8	-0.2	-1.9	0.0	-0.0	-0.1	0.0	-0.0	0.8
Profit Before Tax	6.7	9.3	22.8	258.9	10.5	113.3	2.5	-6.4	1.3	27.5	-4.7	1.2
Current Income Tax Expense	1.7	2.5	1.3	51.9	2.2	22.6	0.0	0.0	0.2	3.7	0.0	0.2
Deferred Income Tax Expense	-0.2	-0.9	3.2	0.2	-0.0	-0.2	-0.0	0.0	0.1	0.3	0.4	0.0
Net Income	5.3	7.7	18.3	206.8	8.3	90.9	2.5	-6.4	1.0	23.5	-5.1	1.0
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	5.3	7.7	18.3	206.8	8.3	90.9	2.5	-6.4	1.0	23.5	-5.1	1.0
Earnings per Share	174.69	252.59	603.82	6,824.74	274.16	3,000.29	81.45	-211.07	32.15	774.88	-167.38	32.45
Diluted EPS	174.69	252.59	603.82	6,824.74	274.16	3,000.29	81.45	-211.07	32.15	774.88	-167.38	32.45

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)	268.4	307.2	338.1	696.4	517.3	390.0	428.5	389.6	378.2	386.0	426.7	534.5
I. Cash and cash equivalents	17.5	51.5	37.9	240.6	222.0	73.6	75.2	47.4	60.4	29.2	16.0	57.2
1. Cash	17.5	21.5	27.9	220.6	22.0	8.6	10.2	7.4	20.4	29.2	6.0	27.2
2. Cash equivalents	—	30.0	10.0	20.0	200.0	65.0	65.0	40.0	40.0	0.0	10.0	30.0
II. Short-term financial investments	30.0	40.0	62.5	62.5	32.5	23.5	0.0	0.0	0.0	90.0	130.0	200.0
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	30.0	40.0	62.5	62.5	32.5	23.5	0.0	0.0	0.0	90.0	130.0	200.0
III. Short-term receivables	80.9	77.5	98.2	226.2	74.5	63.7	48.4	67.7	67.8	51.0	84.6	63.8
1. Short-term trade accounts receivable	30.2	20.9	34.3	201.1	44.9	39.4	12.1	17.0	20.7	10.2	13.1	28.7
2. Short-term prepayments to suppliers	33.3	36.7	49.2	8.9	9.3	3.8	12.4	19.7	19.5	8.5	17.8	2.5
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	21.2	23.7	18.6	20.0	24.1	24.1	26.5	33.6	29.9	34.7	56.1	35.0
7. Provision for short-term doubtful debts (*)	-3.8	-3.8	-3.9	-3.9	-3.7	-3.7	-2.6	-2.6	-2.4	-2.4	-2.4	-2.4
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	136.9	135.5	138.6	165.5	165.6	187.3	239.5	205.5	179.7	153.4	135.9	148.7
1. Inventories	136.9	135.5	138.6	165.5	165.6	187.3	239.5	205.5	179.7	153.4	135.9	148.7
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	3.1	2.7	0.8	1.7	22.7	41.9	65.5	69.0	70.4	62.4	60.1	64.8
1. Short-term prepayments	1.7	0.0	0.2	1.7	4.6	2.2	2.5	4.3	6.5	0.2	3.1	5.8
2. Value added tax to be reclaimed	1.3	2.7	0.5	—	15.3	38.5	60.8	62.8	62.1	60.2	56.1	57.0
3. Taxes and other receivables from state authorities	0.1	0.1	0.1	—	2.8	1.2	2.2	1.8	1.8	2.0	0.9	2.0
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,129.5	1,094.7	1,061.4	839.7	1,123.5	1,126.3	1,158.0	1,169.7	1,183.1	1,172.9	1,120.1	1,118.4
I. Long-term receivables	42.8	42.8	42.8	11.1	11.1	11.1	11.1	11.1	11.1	11.1	11.1	11.1
1. Long-term trade receivables	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
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	49.3	49.3	49.3	17.5	17.5	17.5	17.5	17.5	17.5	17.5	17.5	17.5
7. Provision for long-term doubtful debts	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6	-6.6
II. Fixed assets	77.4	78.1	79.0	80.0	81.0	82.1	82.3	83.2	84.0	13.7	7.3	7.6
1. Tangible fixed assets	54.9	55.5	56.3	57.1	58.0	58.8	58.9	59.6	60.2	13.6	7.2	7.5
- Cost	82.4	—	—	—	—	82.1	81.7	81.6	81.3	34.0	26.8	26.8
- Accumulated depreciation	-27.5	—	—	—	—	-23.3	-22.9	-22.0	-21.1	-20.4	-19.6	-19.2
2. Financial leased fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	22.4	22.6	22.8	22.9	23.1	23.2	23.4	23.6	23.7	0.1	0.1	0.1
- Cost	25.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-2.5	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	397.0	404.0	381.3	361.1	367.5	343.2	337.8	344.2	350.4	356.1	359.4	359.3
- Cost	739.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-342.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	72.9	28.2	20.6	19.3	20.2	17.6	1.7	1.5	1.6	65.6	71.8	65.1
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	72.9	28.2	20.6	19.3	20.2	17.6	1.7	1.5	1.6	65.6	71.8	65.1
V. Long-term financial investments	307.8	307.8	302.5	88.0	114.7	84.7	83.8	83.8	83.7	83.7	85.3	85.3
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	214.5	214.5	214.5	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	97.5	97.5	91.2	91.2	91.2	91.2	91.2	91.2	91.2	91.2	91.2	91.2
4. Provision for diminution in value of long-term investments	-4.1	-4.1	-3.2	-3.2	-6.5	-6.5	-7.4	-7.4	-7.5	-7.5	-5.9	-5.9
5. Held to maturity investments	—	—	—	—	30.0	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
VI. Other long-term assets	231.7	233.8	235.2	280.2	529.0	587.6	641.4	645.9	652.3	642.7	585.2	590.1
1. Long-term prepayments	228.7	231.1	233.4	275.2	523.8	582.4	636.3	640.9	647.3	637.6	579.9	584.3
2. Deferred income tax assets	2.9	2.7	1.8	5.0	5.2	5.2	5.0	5.0	5.0	5.1	5.4	5.8
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)	1,397.9	1,401.9	1,399.5	1,536.1	1,640.9	1,516.3	1,586.5	1,559.3	1,561.3	1,558.8	1,546.7	1,653.0
A. LIABILITIES (300=210+330)	676.3	679.9	681.6	828.4	885.8	769.5	652.6	628.1	623.7	622.5	630.7	731.9
I. Short -term liabilities	105.9	103.1	98.0	237.9	288.6	245.9	122.9	92.3	82.3	75.0	77.1	172.9
1. Short-term trade accounts payable	2.2	8.7	1.7	2.9	3.7	12.0	3.2	4.2	3.7	5.3	3.8	7.5
2. Short-term advances from customers	29.5	6.8	6.2	70.4	156.4	0.1	0.1	0.1	0.8	0.1	0.1	0.1
3. Dividends and profits payable	2.2	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	3.0	2.6	1.8	78.1	2.6	19.9	1.1	0.0	1.0	0.0	0.0	0.0
4. Payable to employees	6.7	29.4	33.0	18.0	1.9	12.9	0.8	1.9	1.9	4.1	1.1	1.2
5. Short-term acrrued expenses	12.7	10.7	9.8	21.1	27.3	28.1	25.8	25.6	25.8	25.7	27.1	29.3
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	37.7	27.9	38.3	37.2	37.2	101.2	72.6	37.4	36.3	26.5	35.4	34.6
9. Other short-term payables	12.0	16.2	7.2	6.7	46.3	51.4	14.7	17.4	6.9	4.2	3.4	93.3
10. Short-term borrowings and financial leases	—	—	—	—	—	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
12.. Bonus and welfare fund	-0.1	0.7	—	3.5	13.1	20.3	4.6	5.6	6.0	9.2	6.2	6.9
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	570.4	576.8	583.5	590.4	597.2	523.6	529.7	535.7	541.4	547.6	553.6	559.0
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	570.3	576.7	583.5	590.4	597.1	523.5	529.6	535.7	541.3	547.5	553.6	558.9
7. Other long-term liabilities	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
8. Long-term borrowings and financial leases	—	—	—	—	—	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
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	721.6	722.0	717.9	707.7	755.1	746.8	933.9	931.2	937.6	936.3	916.0	921.1
I. Owner's equity	721.6	722.0	717.9	707.7	755.1	746.8	933.9	931.2	937.6	936.3	916.0	921.1
1. Owner's capital	303.0	303.0	303.0	303.0	303.0	303.0	303.0	303.0	303.0	303.0	303.0	303.0
- Common stock with voting right	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00	303,047,580,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	69.3	69.3	69.3	69.3	69.3	69.3	69.3	69.3	69.3	69.3	69.3	69.3
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	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00	-1,407,670,000.00
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	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	138.5	138.7	102.5	102.5	102.5	102.5	89.3	89.3	89.3	89.2	85.4	85.4
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	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7	16.7
11. Undistributed earnings after tax	195.5	195.8	227.8	217.7	265.0	256.7	457.1	454.4	460.7	459.5	443.0	448.1
- Accumulated retained earning at the end of the previous period	190.2	2.5	2.5	2.5	256.7	196.5	459.8	459.8	459.8	441.1	441.1	441.1
- Undistributed earnings in this period	5.3	193.3	225.3	215.1	8.3	60.2	-2.7	-5.4	1.0	18.4	1.9	7.0
12. Reserves for investment in construction	—	—	—	—	—	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
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)	1,397.9	1,401.9	1,399.5	1,536.1	1,640.9	1,516.3	1,586.5	1,559.3	1,561.3	1,558.8	1,546.7	1,653.0

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	6.7	8.8	22.8	258.9	10.5	113.3	2.5	-6.4	1.3	27.9	-4.7	1.2
Depreciation of Fixed Assets and Investment Property	8.1	8.0	7.6	7.8	8.1	-2.9	8.0	8.0	7.6	7.7	7.3	7.0
Provision (Increase)/Reversal	—	0.9	0.0	-3.1	—	0.3	0.0	0.1	0.0	1.5	0.0	0.6
FX Gain/Loss from Revaluation of Monetary Items	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-0.5	-1.1	-1.6	-2.5	-1.1	-1.5	-0.8	-0.6	-1.0	-2.4	-3.5	-5.8
Interest Expense	—	—	—	—	—	1.0	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
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	14.3	16.5	28.8	261.2	17.5	110.2	9.6	1.2	7.9	34.6	-0.9	3.1
Increase/(Decrease) in Receivables	-1.8	17.7	96.7	-133.5	11.3	6.8	21.6	-1.5	-23.1	28.8	-16.1	8.7
Increase/(Decrease) in Inventory	-1.5	3.2	26.8	0.2	21.7	52.2	-34.0	-25.8	-26.3	-17.5	12.8	-3.3
Increase/(Decrease) in Payables (Excl. Interest and CIT)	2.0	-6.7	-93.9	-97.1	142.0	79.6	25.7	4.8	4.6	-10.3	-13.8	-3.5
Increase/(Decrease) in Prepaid Expenses	0.7	2.5	43.2	251.5	56.2	54.3	6.3	8.6	-16.0	-54.8	7.2	-1.5
Changes in Trading Securities	—	—	—	—	—	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
Corporate Income Tax Paid	-4.5	-0.8	-49.9	-3.8	-20.8	-1.4	-0.1	0.0	-0.2	-5.0	-0.0	0.0
Other Operating Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-8.4	0.1	-11.6	-9.6	-7.1	0.8	-1.2	-0.2	-3.1	-0.2	-0.7	-1.4
Net Cash Flow from Operating Activities	0.8	32.7	40.1	268.8	220.8	302.5	28.1	-13.0	-56.2	-24.4	-11.6	2.1
Payments for Fixed Assets and Other Long-term Assets	-45.0	-37.3	-28.1	0.4	-33.9	-18.3	-0.8	-1.0	-8.2	-4.6	-16.8	-30.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	-10.0	460.0	-460.0	0.0	-30.0	-188.5	0.0	-20.0	20.0	110.0	-160.0	-40.0
Receipts from Loan Repayments and Sale of Debt Instruments	10.0	-427.5	460.0	—	—	165.0	0.0	20.0	70.0	-70.0	230.0	50.0
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	0.2	2.0	0.6	2.3	0.5	0.5	0.5	0.9	5.5	2.2	6.9	1.5
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	-44.8	-9.1	-242.0	2.7	-63.4	-41.3	-0.3	-0.0	87.3	37.7	60.1	-18.5
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	—	—	—	—	—	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
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	0.0	-0.8	-252.9	—	-262.8	0.0	0.0	0.0	0.0	-89.7	-0.2
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	—	0.0	-0.8	-252.9	—	-262.8	0.0	0.0	0.0	0.0	-89.7	-0.2
Net Cash Flow During the Period	-44.0	23.6	-202.7	18.6	157.4	-1.6	27.8	-13.0	31.2	13.2	-41.2	-16.7
Cash and Cash Equivalents at Beginning of Period	61.5	37.9	240.6	222.0	64.6	29.2	29.2	29.2	29.2	16.7	16.7	16.7
FX Difference from Revaluation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	17.5	61.5	37.9	240.6	222.0	73.6	75.2	47.4	60.4	29.2	16.0	57.2

Explore Other Stocks In The Same Sector

VIC, KSF, NVL, TCH, TAL, DIG, IJC, DXG, TDC, BCR, SZG, TIP, CEO, QCG, VC3, CKG, CSC, NHA, SCR, ITC, PHH, XDH, LSG, HAR, D11, HD6, PLA, DTI, AAV, VHD, KPF, SSH

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

D2D