The financial statements of NS2

Income statement, balance sheet and cash flow, by quarter and by year. Unit: VND billion, unless a line states otherwise.

Item	2024	2023	2022	2021	2020
Revenue	739.8	552.3	473.8	464.1	447.3
Revenue Deductions	0.0	0.0	0.0	0.0	0.0
Net Revenue	739.8	552.3	473.8	464.1	447.1
Cost of Goods Sold	382.6	311.8	255.4	0.0	0.0
Gross Profit	357.2	240.5	218.4	221.9	196.9
Financial Income	4.7	6.8	6.0	5.7	5.4
Financial Expenses	27.8	23.5	17.6	-16.2	-14.4
Interest Expense	27.8	23.5	17.6	-16.2	-14.4
Share of Associates and Joint Ventures	0.0	0.0	0.0	0.0	0.0
Selling Expenses	280.4	187.3	172.2	-176.8	-139.8
General and Administrative Expenses	51.3	41.0	40.0	-38.1	-31.4
Operating Profit	2.6	-4.6	-5.5	-3.6	16.8
Other Income	21.9	23.4	23.5	0.0	0.0
Other Expenses	0.1	0.0	0.2	0.0	0.0
Other Profit	21.8	23.4	23.2	24.3	-0.0
Profit Before Tax	24.3	18.8	17.8	20.7	16.7
Current Income Tax Expense	5.0	3.8	3.6	-4.1	-3.4
Deferred Income Tax Expense	0.0	0.0	0.0	0.0	0.0
Net Income	19.4	15.0	14.2	16.6	13.4
Non-controlling Interest	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	19.4	15.0	14.2	16.6	13.4
Earnings per Share VND per share	170.00	131.00	124.00	292.14	235.35
Diluted EPS VND per share	341.27	264.32	124.00	292.14	235.35

Item	2024	2023	2022	2021	2020
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	284.4	234.2	191.0	245.7	205.0
I. Cash and cash equivalents	94.6	58.8	50.3	107.1	95.0
1. Cash	81.6	40.5	32.0	0.0	0.0
2. Cash equivalents	13.0	18.3	18.3	0.0	0.0
II. Short-term financial investments	121.5	91.3	88.8	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	121.5	91.3	88.8	0.0	0.0
III. Short-term receivables	21.6	42.8	21.3	23.3	6.1
1. Short-term trade accounts receivable	10.7	12.9	12.1	0.0	0.0
2. Short-term prepayments to suppliers	8.2	0.6	3.6	0.0	0.0
3. Short-term inter-company receivables	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	0.0	0.0	0.0	0.0	0.0
6. Other short-term receivables	4.8	31.7	7.5	0.0	0.0
7. Provision for short-term doubtful debts (*)	-2.2	-2.5	-1.9	0.0	0.0
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0
IV. Inventories	27.7	27.9	24.7	23.2	25.9
1. Inventories	27.7	27.9	24.7	0.0	0.0
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	19.0	13.4	5.9	2.5	5.3
1. Short-term prepayments	0.9	1.3	0.7	0.0	0.0
2. Value added tax to be reclaimed	18.0	12.1	4.6	0.0	0.0
3. Taxes and other receivables from state authorities	0.1	0.0	0.5	0.0	0.0
4. Government bonds	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,272.1	1,203.1	1,103.7	1,070.3	1,104.2
I. Long-term receivables	0.1	0.1	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	0.1	0.1	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	1,153.8	1,068.7	993.2	993.6	1,045.6
1. Tangible fixed assets	1,151.4	1,065.9	991.6	991.8	1,043.5
- Cost	2,519.0	2,289.5	2,096.9	0.0	0.0
- Accumulated depreciation	-1,367.5	-1,223.5	-1,105.3	0.0	0.0
2. Financial leased fixed assets	1.8	2.1	0.8	1.0	1.2
- Cost	2.3	2.3	1.3	0.0	0.0
- Accumulated depreciation	-0.5	-0.1	-0.5	0.0	0.0
3. Intangible fixed assets	0.5	0.6	0.8	0.8	0.9
- Cost	2.0	2.0	2.0	0.0	0.0
- Accumulated depreciation	-1.5	-1.4	-1.3	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	42.8	65.3	63.1	37.6	28.6
1. Long-term production in progress	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	42.8	65.3	63.1	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	75.4	69.0	47.4	0.0	0.0
1. Long-term prepayments	75.4	69.0	47.4	0.0	0.0
2. Deferred income tax assets	0.0	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	0.0	0.0	0.0	39.1	30.0
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)	1,556.4	1,437.3	1,294.7	1,316.1	1,309.3
A. LIABILITIES (300=210+330)	968.8	854.1	712.2	731.2	727.6
I. Short -term liabilities	232.8	204.5	166.1	186.8	191.1
1. Short-term trade accounts payable	52.8	36.5	34.1	52.9	72.3
2. Short-term advances from customers	15.9	15.2	19.3	29.8	30.4
3. Taxes and other payables to state authorities	4.0	5.7	3.3	0.0	0.0
4. Payable to employees	33.1	22.5	23.8	0.0	0.0
5. Short-term acrrued expenses	9.1	7.9	6.7	0.0	0.0
6. Short-term inter-company payables	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	64.2	61.9	39.0	0.0	0.0
10. Short-term borrowings and financial leases	47.8	49.0	32.8	29.2	25.8
11. Provision for short-term liabilities	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	5.9	5.7	7.2	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	736.0	649.5	546.1	544.3	536.4
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	265.1	280.7	296.5	0.0	0.0
8. Long-term borrowings and financial leases	470.9	368.8	249.6	199.8	180.7
9. Convertible bonds	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts) VND per share	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
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)	587.6	583.3	582.4	584.9	581.7
I. Owner's equity	587.4	583.0	582.2	0.0	0.0
1. Owner's capital	568.0	568.0	568.0	584.6	581.4
- Common stock with voting right VND per share	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00
- Preferred stock VND per share	0.00	0.00	0.00	0.00	0.00
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 VND per share	0.00	0.00	0.00	0.00	0.00
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	0.0	0.0	0.0	0.0	0.0
9. Fund to support corporate restructuring	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	0.0	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	19.4	15.0	14.2	16.6	13.4
- Accumulated retained earning at the end of the previous period	0.0	0.0	0.0	0.0	0.0
- Undistributed earnings in this period	19.4	15.0	14.2	16.6	13.4
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	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	0.3	0.3	0.3	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)	1,556.4	1,437.3	1,294.7	1,316.1	1,309.3

Item	2024	2023	2022	2021	2020
Profit Before Tax	24.3	18.8	17.8	20.7	16.7
Depreciation of Fixed Assets and Investment Property	144.4	117.9	110.7	109.3	105.5
Provision (Increase)/Reversal	-0.2	0.6	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	-4.7	-6.8	-6.0	0.0	0.0
Interest Expense	27.8	23.5	17.6	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	191.6	154.1	140.1	140.6	130.8
Increase/(Decrease) in Receivables	3.0	-35.6	-3.5	0.0	0.0
Increase/(Decrease) in Inventory	-112.3	-43.2	-59.1	0.0	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	114.1	56.5	-41.9	0.0	0.0
Increase/(Decrease) in Prepaid Expenses	11.1	-22.2	-7.6	0.0	0.0
Changes in Trading Securities	0.0	0.0	0.0	0.0	0.0
Interest Paid	-27.2	-23.2	-17.6	0.0	0.0
Corporate Income Tax Paid	-7.6	-2.0	-3.4	0.0	0.0
Other Operating Receipts	0.2	0.0	0.1	0.0	0.0
Other Operating Payments	-7.5	-8.6	-6.9	0.0	0.0
Net Cash Flow from Operating Activities	165.4	75.6	0.2	72.3	95.1
Payments for Fixed Assets and Other Long-term Assets	-197.9	-199.6	-108.8	-64.6	-102.3
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	-73.7	-35.5	-3.6	-24.3	-2.9
Receipts from Loan Repayments and Sale of Debt Instruments	43.6	33.0	4.5	7.4	5.0
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	5.1	6.6	5.7	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	-223.0	-195.6	-102.1	-75.9	-94.8
Proceeds from Equity Issuance and Capital Contributions VND per share	0.00	0.00	0.00	0.00	0.00
Share Repurchases VND per share	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	157.0	168.1	86.4	50.7	67.6
Repayment of Borrowings	-55.8	-31.7	-32.8	-28.0	-24.7
Repayment of Finance Leases	-0.4	-0.9	-0.3	-0.3	-0.1
Dividends Paid	-7.5	-7.0	-8.3	-6.6	-7.4
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	93.4	128.4	45.1	15.8	35.5
Net Cash Flow During the Period	35.9	8.5	-56.8	1.0	11.8
Cash and Cash Equivalents at Beginning of Period	58.8	50.3	107.1	95.0	59.2
FX Difference from Revaluation	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	94.6	58.8	50.3	107.1	95.0

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Revenue	198.2	199.6	185.3	156.7	164.4	152.1	129.9	105.8	126.9	127.4	117.4	102.1
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	198.2	199.6	185.3	156.7	164.4	152.1	129.9	105.8	126.9	127.4	117.4	102.1
Cost of Goods Sold	112.3	94.4	102.4	73.5	104.9	78.2	74.8	54.0	68.6	67.7	67.1	51.9
Gross Profit	85.9	105.2	82.9	83.2	59.5	74.0	55.1	51.8	58.3	59.6	50.3	50.2
Financial Income	2.3	0.2	2.0	0.2	3.3	0.2	3.2	0.1	3.2	0.1	2.7	0.1
Financial Expenses	7.1	7.0	6.6	7.0	7.0	5.4	6.3	4.8	5.1	3.9	5.5	3.1
Interest Expense	7.1	7.0	6.6	7.0	7.0	5.4	6.3	4.8	5.1	3.9	5.5	3.1
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	79.9	70.9	72.4	57.2	51.9	51.7	43.6	40.1	40.9	42.1	51.9	37.4
General and Administrative Expenses	13.5	16.1	11.9	9.7	14.8	10.8	8.4	7.1	11.8	8.0	13.4	6.9
Operating Profit	-12.3	11.3	-6.0	9.5	-10.8	6.2	0.0	-0.0	3.6	5.7	-17.8	3.0
Other Income	0.0	0.0	21.8	0.0	23.2	0.0	0.0	0.1	0.0	0.0	23.4	0.0
Other Expenses	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.0	0.0	0.0
Other Profit	-0.1	0.0	21.8	0.0	23.2	-0.0	0.0	0.1	-0.2	0.0	23.4	0.0
Profit Before Tax	-12.4	11.3	15.8	9.5	12.5	6.2	0.0	0.1	3.4	5.7	5.6	3.0
Current Income Tax Expense	-2.5	2.3	3.2	1.9	2.5	1.3	0.0	0.0	0.7	1.1	1.1	0.6
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	-9.9	9.1	12.7	7.6	10.0	5.0	0.0	0.0	2.7	4.6	4.5	2.4
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	-9.9	9.1	12.7	7.6	10.0	5.0	0.0	0.0	2.7	4.6	4.5	2.4
Earnings per Share VND per share	-174.64	159.40	223.11	134.30	175.33	87.44	0.70	0.85	47.45	80.61	78.75	41.80
Diluted EPS VND per share	-174.64	159.40	223.11	134.30	175.33	87.44	0.70	0.85	47.45	80.61	78.75	41.80

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	284.4	290.0	247.7	200.2	234.2	234.9	206.9	184.5	191.0	213.9	196.2	206.3
I. Cash and cash equivalents	94.6	107.8	99.1	70.5	58.8	79.2	65.7	60.4	50.3	76.6	68.0	72.8
1. Cash	81.6	94.8	86.1	57.5	40.5	60.4	47.2	36.9	32.0	56.3	47.7	52.5
2. Cash equivalents	13.0	13.0	13.0	13.0	18.3	18.8	18.5	23.5	18.3	20.3	20.3	20.3
II. Short-term financial investments	121.5	120.4	95.4	75.4	91.3	77.9	77.0	70.8	88.8	91.4	91.4	89.7
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	121.5	120.4	95.4	75.4	91.3	77.9	77.0	70.8	88.8	91.4	91.4	89.7
III. Short-term receivables	21.6	19.4	14.8	18.5	42.8	44.1	29.7	19.6	21.3	18.6	10.7	13.6
1. Short-term trade accounts receivable	10.7	9.1	10.3	14.4	12.9	15.5	15.4	11.3	12.1	7.8	4.6	4.1
2. Short-term prepayments to suppliers	8.2	7.1	0.8	0.7	0.6	17.8	3.5	1.9	3.6	5.8	0.7	1.3
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	4.8	5.0	5.6	5.6	31.7	12.8	12.6	8.2	7.5	6.9	7.3	10.0
7. Provision for short-term doubtful debts (*)	-2.2	-1.9	-1.9	-2.1	-2.5	-1.9	-1.9	-1.9	-1.9	-1.9	-1.9	-1.9
8. Assets awaiting resolution	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	27.7	35.4	27.6	26.2	27.9	28.7	27.4	25.8	24.7	25.5	23.0	26.9
1. Inventories	27.7	35.4	27.6	26.2	27.9	28.7	27.4	25.8	24.7	25.5	23.0	26.9
2. Provision for decline in value of inventories	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	19.0	7.0	10.8	9.5	13.4	5.0	7.1	7.9	5.9	1.7	3.0	3.3
1. Short-term prepayments	0.9	0.6	0.7	0.7	1.3	1.0	1.4	0.7	0.7	0.8	0.8	1.0
2. Value added tax to be reclaimed	18.0	6.4	10.2	8.7	12.1	3.8	5.1	5.9	4.6	0.0	0.9	2.0
3. Taxes and other receivables from state authorities	0.2	0.0	0.0	0.2	0.0	0.2	0.5	1.2	0.5	0.9	1.3	0.3
4. Government bonds	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	1,272.1	1,173.0	1,190.2	1,174.4	1,203.1	1,097.5	1,092.4	1,098.8	1,103.7	1,037.5	1,055.6	1,070.6
I. Long-term receivables	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.2	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	0.2	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	0.1	0.1	0.1	0.1	0.1	0.1	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	1,153.8	1,092.3	1,122.6	1,101.0	1,068.7	1,028.5	1,023.8	997.5	993.2	985.3	979.2	995.7
1. Tangible fixed assets	1,151.4	1,089.8	1,120.0	1,098.3	1,065.9	1,025.0	1,022.5	996.1	991.6	983.7	977.6	994.0
- Cost	2,519.0	2,421.0	2,414.8	2,353.6	2,289.5	2,218.0	2,185.9	2,130.0	2,096.9	2,061.3	2,027.6	2,016.9
- Accumulated depreciation	-1,367.5	-1,331.2	-1,294.8	-1,255.2	-1,223.5	-1,193.0	-1,163.5	-1,133.9	-1,105.3	-1,077.6	-1,050.0	-1,022.9
2. Financial leased fixed assets	1.8	1.9	2.0	2.1	2.1	2.8	0.7	0.7	0.8	0.8	0.9	0.9
- Cost	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	0.5	0.6	0.6	0.6	0.6	0.7	0.7	0.7	0.8	0.8	0.7	0.7
- 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	42.8	20.7	9.7	4.3	65.3	21.8	20.1	55.0	63.1	14.7	36.4	33.6
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	42.8	20.7	9.7	4.3	65.3	21.8	20.1	55.0	63.1	14.7	36.4	33.6
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	75.4	60.0	57.8	69.0	69.0	47.1	48.4	46.1	47.4	37.5	40.0	41.3
1. Long-term prepayments	75.4	60.0	57.8	69.0	69.0	47.1	48.4	46.1	47.4	37.5	40.0	41.3
2. Deferred income tax assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term equipment, supplies, spare parts	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	1,556.5	1,463.0	1,437.9	1,374.5	1,437.3	1,332.4	1,299.2	1,283.3	1,294.7	1,251.5	1,251.7	1,276.9
A. LIABILITIES (300=210+330)	968.8	865.4	849.4	783.6	854.1	759.1	730.9	700.8	712.3	671.8	676.6	689.7
I. Short -term liabilities	232.8	195.6	175.2	140.0	204.5	176.1	164.2	130.7	166.2	157.0	152.8	139.2
1. Short-term trade accounts payable	52.8	24.5	13.6	1.4	36.5	43.8	31.9	21.4	34.1	26.2	17.9	27.5
2. Short-term advances from customers	15.9	18.2	15.5	14.3	15.2	21.5	20.4	20.5	19.3	24.1	26.4	31.9
3. Taxes and other payables to state authorities	4.0	6.0	6.9	5.0	5.7	4.5	2.8	2.5	3.3	5.1	3.7	2.9
4. Payable to employees	33.1	39.0	23.8	15.6	22.5	15.8	0.7	7.0	23.8	20.3	15.3	10.3
5. Short-term acrrued expenses	9.1	8.7	8.4	8.2	7.9	6.6	7.1	6.3	6.7	5.9	11.6	9.4
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	64.2	47.0	55.1	45.1	61.9	36.6	55.9	34.4	39.0	30.8	36.6	20.4
10. Short-term borrowings and financial leases	47.8	44.4	42.3	48.4	49.0	38.4	34.8	35.2	32.8	35.2	30.4	34.1
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	5.9	7.8	9.4	1.9	5.7	9.0	10.6	3.4	7.2	9.3	10.9	2.7
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	736.0	669.8	674.2	643.7	649.5	583.0	566.7	570.1	546.1	514.8	523.8	550.5
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	265.1	280.7	280.7	280.7	280.7	296.5	296.5	296.5	296.5	312.3	312.3	344.5
8. Long-term borrowings and financial leases	470.9	389.0	393.4	362.9	368.8	286.4	270.2	273.6	249.6	202.5	211.5	206.0
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) VND per share	0.00	0.00	0.00	0.00	0.00	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	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)	587.7	597.6	588.6	590.9	583.3	573.3	568.4	582.5	582.4	579.7	575.1	587.3
I. Owner's equity	587.4	597.4	588.3	590.6	583.0	573.1	568.1	582.2	582.1	579.4	574.8	587.0
1. Owner's capital	568.0	568.0	568.0	568.0	568.0	568.0	568.0	568.0	568.0	568.0	568.0	568.0
- Common stock with voting right VND per share	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00	568,000,000,000.00
- Preferred stock VND per share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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 VND per share	0.00	0.00	0.00	0.00	0.00	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	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	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. 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	19.4	29.4	20.3	22.6	15.0	5.1	0.1	14.2	14.1	11.4	6.8	19.0
- Accumulated retained earning at the end of the previous period	0.0	0.0	0.0	15.0	0.0	0.0	0.0	14.2	0.0	0.0	0.0	16.6
- Undistributed earnings in this period	19.4	29.4	20.3	7.6	15.0	5.1	0.1	0.0	14.1	11.4	6.8	2.4
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	0.0	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	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
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)	1,556.5	1,463.0	1,437.9	1,374.5	1,437.3	1,332.4	1,299.2	1,283.3	1,294.7	1,251.5	1,251.7	1,276.9

Item	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22
Profit Before Tax	-12.4	11.3	15.8	9.5	12.5	6.2	0.0	0.1	3.5	5.7	5.6	3.0
Depreciation of Fixed Assets and Investment Property	36.5	36.4	39.7	31.8	29.9	29.7	29.6	28.7	27.8	27.6	27.2	28.1
Provision (Increase)/Reversal	0.3	0.1	-0.2	-0.3	0.6	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	-2.3	-0.2	-2.0	-0.2	-3.3	-0.2	-3.2	-0.1	-3.2	-0.1	-2.7	-0.1
Interest Expense	7.1	7.0	6.6	7.0	7.0	5.4	6.3	4.8	5.1	3.9	5.5	3.1
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	29.2	54.7	59.9	47.8	46.6	41.1	32.8	33.5	33.3	37.2	35.6	34.1
Increase/(Decrease) in Receivables	-19.9	5.0	-8.0	25.9	-29.1	1.4	-5.8	-2.2	-7.6	-7.0	2.9	8.2
Increase/(Decrease) in Inventory	-56.0	-25.0	-37.5	6.3	-17.5	-19.5	-4.6	-1.6	-43.2	-6.1	-3.1	-6.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	78.9	43.8	40.0	-48.6	31.6	32.2	10.8	-18.1	20.8	9.9	-25.1	-47.5
Increase/(Decrease) in Prepaid Expenses	-12.6	2.2	20.9	0.7	-22.2	1.7	-3.0	1.3	-9.8	2.5	1.5	-1.7
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	-6.9	-6.9	-6.7	-6.7	-6.0	-6.1	-5.7	-5.4	-4.5	-4.4	-5.0	-3.7
Corporate Income Tax Paid	0.0	-3.2	-1.9	-2.5	-1.3	-0.0	-0.0	-0.7	-1.2	-1.1	-0.6	-0.5
Other Operating Receipts	0.0	0.0	0.0	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Other Operating Payments	-1.9	-1.6	-0.0	-3.9	-3.3	-1.6	-0.0	-3.8	-2.1	-1.6	-0.0	-3.1
Net Cash Flow from Operating Activities	10.8	69.0	66.6	19.1	-1.1	49.2	24.5	3.1	-14.4	29.3	6.3	-20.9
Payments for Fixed Assets and Other Long-term Assets	-110.5	-25.6	-44.1	-17.7	-101.4	-49.1	-11.2	-37.9	-61.9	-8.5	-13.5	-24.8
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	-1.1	-25.0	-46.9	-0.7	-13.4	-0.9	-1.2	-20.0	-1.9	0.0	-1.7	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0	0.0	27.0	16.6	0.0	0.0	-5.0	38.0	4.5	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	2.3	0.3	1.5	1.0	2.5	1.5	2.1	0.4	2.7	0.3	2.5	0.2
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	-109.3	-50.4	-62.5	-0.9	-112.2	-48.5	-15.3	-19.5	-56.6	-8.2	-12.7	-24.6
Proceeds from Equity Issuance and Capital Contributions VND per share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Repurchases VND per share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	95.9	7.1	48.1	5.9	101.9	26.7	6.9	32.5	55.3	2.8	11.8	16.6
Repayment of Borrowings	-10.5	-9.4	-23.6	-12.3	-8.3	-6.7	-10.7	-6.0	-10.5	-6.9	-10.1	-5.3
Repayment of Finance Leases	-0.1	-0.1	-0.1	-0.1	-0.6	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Dividends Paid	0.0	-7.5	0.0	0.0	0.0	-7.0	0.0	0.0	0.0	-8.3	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	85.3	-9.9	24.4	-6.5	93.0	12.8	-3.9	26.5	44.7	-12.5	1.7	11.2
Net Cash Flow During the Period	-13.2	8.8	28.5	11.8	-20.4	13.5	5.3	10.1	-26.3	8.6	-4.8	-34.3
Cash and Cash Equivalents at Beginning of Period	58.8	58.8	58.8	58.8	50.3	50.3	50.3	50.3	107.1	107.1	107.1	107.1
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	94.6	107.8	99.1	70.5	58.8	79.2	65.7	60.4	50.3	76.6	68.0	72.8

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