DGT

Listed Company · UPCOM

Price

4,200

Latest close

03 Apr 2026

P/E -40.0x

EPS (TTM) -105

ROE (TTM) -0.8%

P/B 0.3x

BVPS (Latest) 13,199

ROA (TTM) -0.5%

What Is Changing

DGT no longer looks like a business simply rebounding from a weak base. Revenue posted +71.5% YoY, while net margin reached -3.45% with an additional -5.0pp improvement versus the prior year. The next question is whether current profit momentum can hold through the next cycle.

Revenue growth accelerated to 71.5% in 2025, up 45.8pp versus the prior year.
Quarterly Net Income decreased 58.7% YoY to VND 0.6bn in 2025Q4.
Net margin declined from 1.50% in the prior period to -3.45% in 2025.

Metric	2025	2024	2023	2022	2021
Revenue	462.8	269.8	214.6	250.0	499.3
Growth	+72%	+26%	-14%	-50%	—
Net Income	-16.0	4.0	88.4	-41.4	15.8
Net Margin	-3.45%	1.50%	41.18%	-16.54%	3.17%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	140.3	155.3	121.7	45.6	61.4	73.5	88.6	59.4	79.8	57.0	18.8	91.6
Growth	-10%	+28%	+167%	-26%	-17%	-17%	+49%	-26%	+40%	+203%	-79%	—
Net Income	0.6	1.2	-15.6	-2.1	1.3	4.0	1.5	31.2	-10.5	-9.4	-19.3	31.6
Net Margin	0.39%	0.77%	-12.85%	-4.54%	2.18%	5.44%	1.68%	52.55%	-13.18%	-16.54%	-102.51%	34.47%

Financial Statements

Profitability

Net margin reached -3.45% while Revenue posted +71.5% YoY.

Balance Sheet

Inventory stood at 278.4bn, liabilities at 689.9bn, and equity at 1,042.7bn.

Cash Flow

Operating cash flow was 40.3bn in 2024, while investing cash flow was -27.0bn.

Financing cash flow: -14.6bn.

Item	2025	2024	2023	2022	2021
Revenue	462.8	269.8	214.6	250.0	499.3
Revenue Deductions	0.0	0.0	0.0	0.0	0.0
Net Revenue	462.8	269.8	214.6	250.0	499.3
Cost of Goods Sold	404.7	204.5	151.2	169.3	0.0
Gross Profit	58.2	65.3	63.3	80.7	67.5
Financial Income	0.1	0.1	156.8	4.5	0.5
Financial Expenses	14.5	25.3	55.0	67.9	-36.6
Interest Expense	14.4	24.1	12.4	47.8	-27.6
Share of Associates and Joint Ventures	0.0	0.0	0.0	-0.1	-0.0
Selling Expenses	31.0	34.7	26.5	28.7	-0.7
General and Administrative Expenses	17.8	35.5	49.6	22.8	-11.3
Operating Profit	-5.0	-30.0	89.0	-34.4	19.4
Other Income	4.4	42.6	0.4	7.5	0.0
Other Expenses	13.8	7.8	0.5	13.2	0.0
Other Profit	-9.4	34.8	-0.2	-5.7	0.1
Profit Before Tax	-14.4	4.8	88.9	-40.1	19.5
Current Income Tax Expense	1.8	0.5	0.1	0.5	-3.6
Deferred Income Tax Expense	-0.2	0.3	0.4	0.8	0.0
Net Income	-16.0	4.0	88.4	-41.4	15.8
Non-controlling Interest	-7.6	0.3	-1.6	0.0	-0.0
Profit Attributable to Parent	-8.3	3.7	90.0	-41.4	15.8
Earnings per Share	-105.00	47.00	1,139.00	-629.00	791.00
Diluted EPS	-105.21	46.93	1,138.61	-523.43	790.95

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,549.1	1,358.7	1,426.3	1,146.4	426.4
I. Cash and cash equivalents	11.9	2.7	4.0	254.4	22.8
1. Cash	11.9	2.7	4.0	254.4	0.0
2. Cash equivalents	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	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
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	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	1,253.1	1,136.6	1,164.1	675.2	168.2
1. Short-term trade accounts receivable	313.2	251.4	230.6	205.6	0.0
2. Short-term prepayments to suppliers	63.8	50.1	53.9	56.8	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	347.3	316.5	317.1	29.7	0.0
6. Other short-term receivables	599.6	588.1	617.8	423.5	0.0
7. Provision for short-term doubtful debts (*)	-70.9	-69.4	-55.3	-40.5	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0
IV. Inventories	278.4	213.1	255.1	214.7	206.9
1. Inventories	278.4	213.1	255.1	214.7	0.0
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	5.8	6.3	3.1	2.1	8.5
1. Short-term prepayments	4.6	4.6	0.8	0.9	0.0
2. Value added tax to be reclaimed	1.0	1.5	1.8	0.7	0.0
3. Taxes and other receivables from state authorities	0.2	0.2	0.4	0.5	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)	183.5	199.3	180.3	433.4	423.5
I. Long-term receivables	7.5	7.0	6.1	4.0	0.0
1. Long-term trade receivables	0.0	0.0	0.0	0.0	52.7
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	7.5	7.0	6.1	4.0	0.0
7. Provision for long-term doubtful debts	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	84.9	80.3	60.5	18.7	13.6
1. Tangible fixed assets	78.6	79.8	59.5	17.3	11.8
- Cost	132.8	126.8	97.8	47.4	0.0
- Accumulated depreciation	-54.2	-47.0	-38.3	-30.0	0.0
2. Financial leased fixed assets	6.3	0.5	1.0	1.4	0.0
- Cost	8.1	1.8	1.8	1.8	0.0
- Accumulated depreciation	-1.8	-1.3	-0.9	-0.4	0.0
3. Intangible fixed assets	0.0	0.0	0.0	0.0	1.8
- 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	2.3	6.3	9.9	53.1	2.3
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	2.3	6.3	9.9	53.1	0.0
V. Long-term financial investments	0.0	0.0	0.0	256.4	270.8
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	149.3	0.0
3. Investments in other entities	0.0	0.0	0.0	120.8	0.0
4. Provision for diminution in value of long-term investments	0.0	0.0	0.0	-13.7	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	88.7	105.7	103.8	101.2	0.0
1. Long-term prepayments	88.7	105.7	103.8	101.2	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	84.1
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)	1,732.6	1,558.1	1,606.6	1,579.8	849.9
A. LIABILITIES (300=210+330)	689.9	554.9	607.4	672.6	577.9
I. Short -term liabilities	409.6	307.9	355.8	320.1	571.9
1. Short-term trade accounts payable	216.7	135.0	181.0	184.1	133.4
2. Short-term advances from customers	23.8	9.2	14.4	13.7	66.0
3. Taxes and other payables to state authorities	61.1	74.3	50.1	48.1	0.0
4. Payable to employees	1.8	1.8	3.6	2.8	0.0
5. Short-term acrrued expenses	72.1	72.8	83.9	59.6	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	10.4	10.7	4.1	4.9	0.0
10. Short-term borrowings and financial leases	23.6	4.0	18.6	6.9	131.6
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	0.0	0.0	0.0	0.0	0.0
13. Price stabilization fund	0.0	0.0	0.0	0.0	0.0
14. Government bonds	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	280.3	247.0	251.7	352.5	6.0
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	4.6	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	2.7	2.7	3.9	3.9	0.0
8. Long-term borrowings and financial leases	275.1	241.6	240.7	346.4	1.9
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	2.5	2.7	2.5	2.2	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)	1,042.7	1,003.2	999.2	907.2	272.0
I. Owner's equity	1,042.7	1,003.2	999.2	907.2	0.0
1. Owner's capital	790.0	790.0	790.0	790.0	272.0
- Common stock with voting right	790.0	790.0	790.0	790.0	200.0
- Preferred stock	0.0	0.0	0.0	0.0	0.0
2. Share premium	152.2	152.2	152.2	152.2	34.6
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	21.3	21.3	21.3	21.3	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	90.9	43.7	40.0	-56.3	16.1
- Accumulated retained earning at the end of the previous period	99.4	40.0	-50.0	-14.9	0.3
- Undistributed earnings in this period	-8.6	3.7	90.0	-41.4	15.8
12. Reserves for investment in construction	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	-11.6	-4.0	-4.3	0.0	0.0
14. Financial reserves	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,732.6	1,558.1	1,606.6	1,579.8	849.9

Item	2024	2023	2022	2021
Profit Before Tax	4.8	88.9	-40.1	19.5
Depreciation of Fixed Assets and Investment Property	9.2	9.5	3.7	4.2
Provision (Increase)/Reversal	14.1	0.7	17.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0	0.0	0.0	0.0
Gain/Loss from Investment Activities	-0.1	-0.0	-4.1	0.0
Interest Expense	24.1	-33.2	53.6	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	42.8	0.0	0.0
Operating Profit Before Changes in Working Capital	52.1	108.6	30.5	58.2
Increase/(Decrease) in Receivables	12.9	-216.9	-643.9	0.0
Increase/(Decrease) in Inventory	42.0	-38.5	5.8	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-34.9	-128.9	188.6	0.0
Increase/(Decrease) in Prepaid Expenses	-5.7	13.0	-9.9	0.0
Changes in Trading Securities	0.0	0.0	20.0	0.0
Interest Paid	-26.0	-16.8	-46.5	0.0
Corporate Income Tax Paid	-0.1	-0.4	-0.3	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	40.3	-279.8	-455.7	419.5
Payments for Fixed Assets and Other Long-term Assets	-29.3	-8.2	-61.0	-4.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	1.8	0.0	0.0
Loans and Purchases of Debt Instruments	-10.2	-1.1	0.0	-20.0
Receipts from Loan Repayments and Sale of Debt Instruments	12.5	1.1	0.0	0.5
Investments in Other Entities	0.0	-50.0	0.0	-270.8
Proceeds from Investments in Other Entities	0.0	123.8	0.0	0.0
Dividends and Interest Income Received	0.0	32.8	4.1	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	-27.0	100.1	-56.9	-294.3
Proceeds from Equity Issuance and Capital Contributions	0.0	0.2	707.6	0.0
Share Repurchases	0.0	0.0	0.0	0.0
Proceeds from Borrowings	5.0	62.7	399.2	144.0
Repayment of Borrowings	-19.2	-133.3	-362.2	-247.8
Repayment of Finance Leases	-0.4	-0.4	-0.4	0.0
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	-14.6	-70.9	744.2	-103.8
Net Cash Flow During the Period	-1.3	-250.6	231.6	20.5
Cash and Cash Equivalents at Beginning of Period	4.0	254.6	22.8	1.3
FX Difference from Revaluation	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	2.7	4.0	254.4	22.8

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	140.3	155.3	121.7	45.6	61.4	73.5	88.6	59.4	79.8	57.0	18.8	91.6
Revenue Deductions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Revenue	140.3	155.3	121.7	45.6	61.4	73.5	88.6	59.4	79.8	57.0	18.8	91.6
Cost of Goods Sold	123.6	135.4	109.8	35.8	50.8	49.3	69.0	39.9	65.4	39.8	7.6	72.2
Gross Profit	16.7	19.9	11.9	9.7	10.6	24.2	19.6	19.5	14.3	17.3	11.2	19.4
Financial Income	0.0	0.0	0.0	0.0	0.0	0.0	0.0	57.0	1.8	1.0	0.9	32.3
Financial Expenses	-3.2	5.9	6.0	5.8	6.1	6.9	6.8	11.9	8.7	11.7	22.9	24.9
Interest Expense	-3.2	5.9	6.0	5.8	6.0	6.9	5.6	9.6	6.4	10.0	9.7	13.2
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	-0.1
Selling Expenses	12.0	6.0	9.5	3.5	8.2	12.9	7.7	12.4	5.3	9.0	3.0	8.0
General and Administrative Expenses	4.4	4.2	5.6	3.5	4.3	4.9	3.2	24.0	12.2	7.4	5.8	-8.2
Operating Profit	3.6	3.7	-9.2	-3.0	-8.0	-0.5	2.0	28.2	-10.1	-9.9	-19.7	26.8
Other Income	2.1	0.1	-0.2	2.5	14.9	8.1	0.0	3.7	0.1	0.6	2.1	1.5
Other Expenses	3.9	2.3	6.2	1.5	5.6	3.6	0.5	0.6	0.2	0.1	1.7	1.6
Other Profit	-1.8	-2.2	-6.4	0.9	9.4	4.5	-0.5	3.1	-0.1	0.4	0.4	-0.0
Profit Before Tax	1.8	1.5	-15.6	-2.1	1.3	4.0	1.5	31.3	-10.2	-9.4	-19.3	26.8
Current Income Tax Expense	1.2	0.3	0.3	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	-4.8
Deferred Income Tax Expense	0.0	0.0	-0.2	0.0	0.0	0.0	0.0	0.0	0.4	0.0	0.0	0.0
Net Income	0.6	1.2	-15.6	-2.1	1.3	4.0	1.5	31.2	-10.5	-9.4	-19.3	31.6
Non-controlling Interest	-0.0	-0.0	-8.3	0.6	0.1	0.7	0.7	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	0.6	1.2	-7.4	-2.7	1.2	3.3	0.8	31.2	-10.5	-9.4	-19.3	31.6
Earnings per Share	7.00	15.00	-93.00	-34.00	15.45	41.00	10.00	395.00	-133.00	-119.00	-244.00	400.00
Diluted EPS	7.01	15.00	-93.24	-34.18	15.45	41.28	10.49	395.22	-133.06	-119.39	-243.87	399.75

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	1,549.1	1,419.6	1,379.1	1,400.9	1,442.3	1,443.8	1,464.9	1,439.4	1,455.9	1,252.7	1,236.3	1,191.5
I. Cash and cash equivalents	11.9	10.1	7.4	2.1	2.1	4.3	3.8	4.0	4.2	3.3	3.5	254.4
1. Cash	11.9	10.1	7.4	2.1	2.1	4.3	3.8	4.0	4.2	3.3	3.5	254.4
2. Cash equivalents	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. Short-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. 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	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. Short-term receivables	1,253.1	1,135.4	1,129.4	1,162.2	1,208.7	1,218.4	1,231.4	1,179.5	1,181.6	1,001.7	972.7	719.6
1. Short-term trade accounts receivable	313.2	300.7	265.7	268.5	283.7	281.8	292.5	245.0	248.4	220.3	185.5	206.7
2. Short-term prepayments to suppliers	63.8	62.3	66.6	63.8	50.5	54.3	54.0	56.2	35.0	36.3	34.5	57.4
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	347.3	316.5	316.5	316.5	316.5	319.5	320.5	316.5	316.5	30.0	29.7	0.0
6. Other short-term receivables	599.6	526.8	551.5	582.7	615.0	618.2	619.7	616.8	622.1	755.6	752.8	485.4
7. Provision for short-term doubtful debts (*)	-70.9	-70.9	-70.9	-69.2	-57.0	-55.3	-55.3	-55.0	-40.4	-40.5	-29.8	-29.8
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	278.4	263.3	229.1	229.1	225.4	214.8	228.3	252.8	265.3	241.6	251.4	215.7
1. Inventories	278.4	263.3	229.1	229.1	225.4	214.8	228.3	253.0	265.4	241.8	252.8	216.9
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.1	-0.1	-0.1	-1.4	-1.2
V. Other short-term assets	5.8	10.8	13.2	7.3	6.0	6.3	1.4	3.1	4.8	6.1	8.6	1.8
1. Short-term prepayments	4.6	9.2	12.4	6.2	4.3	5.1	0.4	0.8	2.6	4.3	4.5	0.6
2. Value added tax to be reclaimed	1.0	1.4	0.6	1.0	1.3	0.8	0.6	1.8	1.7	1.3	2.2	0.7
3. Taxes and other receivables from state authorities	0.2	0.2	0.2	0.2	0.4	0.4	0.4	0.4	0.5	0.5	2.0	0.5
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)	183.5	187.5	190.0	194.9	167.4	168.4	175.4	82.4	80.3	313.4	325.9	442.3
I. Long-term receivables	7.5	7.3	7.5	7.3	6.9	6.9	6.3	7.8	6.1	4.3	4.1	33.8
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	29.7
6. Other long-term receivables	7.5	7.3	7.5	7.3	6.9	6.9	6.3	7.8	6.1	4.3	4.1	4.0
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	84.9	84.2	80.8	77.5	53.6	55.8	58.1	60.5	62.8	63.4	65.5	18.8
1. Tangible fixed assets	78.6	84.0	80.6	77.1	53.0	55.1	57.3	59.5	61.8	62.2	64.1	17.3
- Cost	132.8	135.0	128.7	126.8	97.8	97.8	97.8	97.8	97.8	95.8	95.5	47.4
- Accumulated depreciation	-54.2	-51.0	-48.1	-49.6	-44.8	-42.7	-40.5	-38.3	-36.0	-33.6	-31.4	-30.0
2. Financial leased fixed assets	6.3	0.2	0.3	0.4	0.6	0.7	0.8	1.0	1.1	1.2	1.4	1.5
- Cost	8.1	1.8	1.8	1.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-1.8	-1.7	-1.6	-1.4	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	2.3	2.3	2.7	8.7	13.9	10.4	10.8	9.9	3.8	2.3	5.8	55.5
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	2.3	2.3	2.7	8.7	13.9	10.4	10.8	9.9	3.8	2.3	5.8	55.5
V. Long-term financial investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	148.6	149.4	230.3
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	149.3	150.0	119.4
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	120.8
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	-0.7	-0.6	-9.9
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	88.7	93.7	99.1	101.4	93.0	95.2	100.3	103.8	107.2	94.8	101.2	104.0
1. Long-term prepayments	88.7	93.7	99.1	101.4	93.0	95.2	100.3	103.8	107.2	94.8	101.2	104.0
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	-99.6	-99.6	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,732.6	1,607.2	1,569.1	1,595.7	1,609.7	1,612.2	1,640.3	1,521.8	1,536.2	1,566.1	1,562.2	1,633.9
A. LIABILITIES (300=210+330)	689.9	620.5	583.6	594.6	605.6	607.6	639.0	620.9	666.6	685.6	652.6	667.7
I. Short -term liabilities	409.6	375.1	337.8	347.7	354.4	354.8	385.8	368.0	403.3	329.2	299.8	315.9
1. Short-term trade accounts payable	216.7	174.8	140.6	133.8	161.6	159.2	202.0	195.4	226.3	161.0	147.0	185.0
2. Short-term advances from customers	23.8	13.3	14.0	26.4	9.2	12.3	13.7	14.4	19.2	15.8	16.2	14.8
3. Taxes and other payables to state authorities	61.1	67.9	69.9	71.5	68.6	70.0	57.9	50.3	46.2	45.7	46.8	43.9
4. Payable to employees	1.8	1.4	1.8	1.3	1.1	1.6	1.5	3.1	4.2	2.8	2.7	2.6
5. Short-term acrrued expenses	72.1	83.5	77.5	85.5	90.4	88.4	92.2	83.6	86.6	81.1	72.6	59.7
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	10.4	10.5	10.5	5.6	4.3	4.5	4.3	14.3	13.3	15.4	7.8	4.8
10. Short-term borrowings and financial leases	23.6	23.6	23.6	23.6	19.1	19.0	14.0	6.9	7.5	7.4	6.7	5.1
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	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. 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	280.3	245.4	245.8	246.9	251.2	252.8	253.2	252.9	263.2	356.4	352.8	351.8
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	3.8	3.8	3.8	4.6	4.6	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	2.7	2.7	2.7	2.7	2.8	3.9	3.9	3.9	3.9	3.9	3.9	3.9
8. Long-term borrowings and financial leases	275.1	240.2	240.6	241.4	241.9	242.4	242.9	242.1	252.5	350.3	348.9	347.9
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	2.5	2.5	2.5	2.7	2.6	2.6	2.6	2.2	2.2	2.2	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)	1,042.7	986.7	985.5	1,001.1	1,004.2	1,004.6	1,001.3	900.9	869.6	880.5	909.6	966.2
I. Owner's equity	1,042.7	986.7	985.5	1,001.1	1,004.2	1,004.6	1,001.3	900.9	869.6	880.5	909.6	966.2
1. Owner's capital	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0
- Common stock with voting right	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0	790.0
- 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	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2	152.2
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	21.3	21.3	21.3	21.3	21.3	21.3	21.3	21.3	21.3	21.3	21.3	21.3
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	90.9	34.8	33.6	41.0	43.9	44.8	41.5	-65.2	-96.4	-85.0	-53.9	2.7
- Accumulated retained earning at the end of the previous period	99.4	43.7	43.7	43.7	40.0	40.0	40.0	-56.3	-56.3	-56.3	-34.6	-11.6
- Undistributed earnings in this period	-8.6	-8.9	-10.1	-2.7	3.9	4.8	1.5	-8.9	-40.2	-28.7	-19.3	14.3
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	-11.6	-11.6	-11.6	-3.4	-3.2	-3.7	-3.7	2.6	2.6	2.0	0.0	0.0
14. Financial reserves	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	1,732.6	1,607.2	1,569.1	1,595.7	1,609.7	1,612.2	1,640.3	1,521.8	1,536.2	1,566.1	1,562.2	1,633.9

Item	Q4'25	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Profit Before Tax	1.8	1.5	-15.6	-2.1	1.3	2.3	1.5	128.4	-9.6	-10.7	-19.3	-40.5
Depreciation of Fixed Assets and Investment Property	3.4	3.2	3.2	2.8	2.2	2.3	2.4	3.2	1.7	3.2	1.4	2.3
Provision (Increase)/Reversal	0.0	0.0	1.6	-0.2	0.0	1.7	0.0	14.4	2.0	-6.6	-9.2	15.3
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	1.4	-0.0	-0.0	-0.0	-0.0	-23.4	0.3	10.0	13.1	0.5
Interest Expense	-3.2	5.9	6.0	5.8	6.1	6.9	5.6	-59.2	6.4	9.9	9.7	32.9
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	42.8	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	1.9	10.6	-3.4	6.2	9.6	13.2	9.5	106.1	0.8	5.8	-4.2	10.6
Increase/(Decrease) in Receivables	31.9	-31.9	56.3	-25.4	5.1	9.3	-61.3	3.6	117.4	-62.5	-275.3	-727.4
Increase/(Decrease) in Inventory	-15.0	-34.2	0.0	-16.1	-11.5	14.4	26.8	26.7	-36.5	7.3	-35.9	78.4
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-21.3	52.9	-34.5	12.8	-5.4	-37.5	28.9	-194.0	54.8	37.3	-26.9	169.7
Increase/(Decrease) in Prepaid Expenses	9.6	8.5	-3.9	2.7	3.1	0.3	4.0	20.8	-14.2	7.5	-1.1	6.5
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	20.0
Interest Paid	0.1	-0.1	-0.6	-0.5	0.7	0.3	-0.6	1.9	-16.6	-0.7	-1.4	-23.4
Corporate Income Tax Paid	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.1	-0.2	-0.1	0.0	-0.1
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	0.0	0.0	0.0	0.0	0.0	0.4	-0.4	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Operating Activities	7.1	5.8	14.0	-20.1	1.5	0.5	6.7	-35.0	105.5	-5.4	-344.8	-465.6
Payments for Fixed Assets and Other Long-term Assets	-4.0	-2.5	-8.5	0.0	-4.0	-3.5	0.0	-3.5	-4.4	0.6	-1.0	-51.2
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0	0.0	0.6	0.0	0.0	0.0	0.0	1.7	-1.7	1.7	0.1	0.0
Loans and Purchases of Debt Instruments	0.0	0.0	0.0	0.0	-0.4	-2.3	-4.0	97.7	-98.6	-0.2	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	0.0	0.0	3.1	1.0	0.6	-96.4	96.7	-95.0	95.8	0.0
Investments in Other Entities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-50.0	0.0	0.0	0.0	458.8
Proceeds from Investments in Other Entities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	123.8	-96.6	96.6	0.0	0.0
Dividends and Interest Income Received	-0.0	0.0	-0.0	0.0	0.0	0.0	0.0	32.8	0.0	0.0	0.0	-0.5
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	-4.0	-2.5	-7.9	0.0	-1.3	-4.8	-3.4	106.0	-104.5	3.7	94.9	407.0
Proceeds from Equity Issuance and Capital Contributions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.0	0.0	0.0	590.0
Share Repurchases	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.7	-1.7	0.0
Proceeds from Borrowings	-18.2	18.2	3.0	20.0	0.0	5.0	0.0	59.5	-19.0	20.0	2.1	48.3
Repayment of Borrowings	16.9	-18.5	-3.7	-0.4	-2.4	-0.0	-3.4	-131.0	19.0	-20.1	-1.2	-326.5
Repayment of Finance Leases	0.0	-0.2	-0.1	-0.1	0.0	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	0.3
Dividends 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
Other Financing Receipts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-1.4	-0.4	-0.8	19.5	-2.4	4.9	-3.5	-71.4	-0.1	1.6	-1.0	312.1
Net Cash Flow During the Period	1.8	2.8	5.2	-0.6	-2.2	0.5	-0.2	-0.4	0.9	-0.2	-250.9	253.4
Cash and Cash Equivalents at Beginning of Period	10.1	7.4	2.1	2.7	4.0	4.0	4.0	254.6	254.4	254.4	254.4	22.8
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	11.9	10.1	7.4	2.1	2.1	4.3	3.8	4.0	4.2	3.3	3.5	254.4

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