SDN

Sơn Đồng Nai ·HNX ·2026Q1

▼▼ Declining sharply

Leverage and liquidity require close discipline Debt/equity 1.52x

Price

19,500

Latest close

27 May 2026

P/E 7.74x

P/B 0.83x

EPS 2,520

BVPS 23,532

ROE 12.9%

ROA 8.1%

Profit Margin 7.9%

Asset Turnover 1.02x

Equity Mult. 1.60x

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

What Is Changing

On a TTM 2026Q1 basis, SDN is declining across multiple metrics versus the same period, suggesting current pressure is not coming from just one side — margins have been compressing consistently over multiple periods. More notably, a significant portion of profit is supported by non-core sources, further affecting earnings quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 114bn
	                                
−4.5%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 9bn
	                                
−5.1%YoY

	                            
	                                Non-core income / PBT
	                            
	                                    48.2%

Metric	2025	2024	2023	2022	2021
Revenue	112.3	119.6	110.5	128.8	119.3
Growth	-6%	+8%	-14%	+8%	—
Net Income	6.7	8.8	16.5	15.7	13.0
Net Margin	5.95%	7.40%	14.90%	12.21%	10.92%

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	27.1	31.8	27.2	27.8	25.6	36.2	27.7	29.6	26.1	28.3	28.3	27.8
Growth	-15%	+17%	-2%	+8%	-29%	+31%	-6%	+13%	-8%	-0%	+2%	—
Net Income	4.6	-0.1	1.7	2.7	2.3	3.0	2.0	2.1	1.7	10.5	1.9	2.1
Net Margin	17.11%	-0.34%	6.39%	9.77%	9.16%	8.38%	7.28%	6.95%	6.67%	37.15%	6.84%	7.44%

Drivers of SDN's profit

TTM

Net profit attributable to parent declined vs last year, mainly due to lower gross profit. Supporting and offsetting drivers:

Selling expenses ↓ 2.4bn

Other profit ↑ 2.2bn

Administrative expenses ↓ 0.8bn

Finance costs ↓ 0.4bn

Gross profit ↓ 5.9bn

Tax ↑ 0.3bn

TTM

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

Other profit ↑ 3.6bn

Administrative expenses ↓ 0.3bn

Gross profit ↓ 1.2bn

Tax ↑ 0.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 14.3% = 7.9% × 1.10 × 1.64

2026Q1 12.9% = 7.9% × 1.02 × 1.60

ROE fell from 14.3% to 12.9% — asset turnover weakened the most.

Net margin: 7.9% -0.0pp Asset turnover: 1.02x -0.08x Leverage: 1.60x -0.04x

Is the profit sustainable?

Margins are under pressure while earnings still rely significantly on non-core sources.

very positive positive stable watch under pressure

What is driving the margin?

Net margin stands at 7.89%, broadly flat versus the same period. Supportive factors and pressure points are offsetting one another.

Margin is nearly flat but the underlying components are moving — this is a transitional phase, more time is needed to see the real trend.

Profitability trend

Net Margin 7.89% −0.0pp

Gross Margin 26.01% −3.8pp

SG&A / Revenue 17.05% −2.0pp

Non-core / Revenue 1.47% +2.3pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Other income is supporting margin

Other income accounts for 48.2% of PBT and lifted net margin by 2.3pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency is declining — check whether the drag is from margins or turnover.

Is capital being deployed efficiently?

ROIC fell to 5.95%, losing 2.7pp. That translates to 5.95 in after-tax operating profit for every 100 units of operating capital. Both NOPAT margin narrowed 1.5pp and capital turnover fell 0.11x, with invested capital holding roughly steady — pressure came from both operational efficiency and asset efficiency.

Pressure came from the margin side — core operations are weakening, not just a temporary asset-management issue.

CAPITAL EFFICIENCY TREND

ROIC 5.95% −2.7pp

NOPAT Margin 4.15% −1.5pp

Capital Turnover 1.43x −0.11x

Average Invested Capital 79.3bn +2.1bn

Balance Sheet

ROIC declined — the balance sheet shows how capital is being deployed. Capital structure is conservative with low leverage — liabilities at 0.59x equity, net debt at 0.13x equity.

Inventory ended the period at 23.3bn, roughly 21.9% of total assets.

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

Working Capital Drivers

Receivables were broadly stable → neutral CFO: —

Inventories were broadly stable → neutral CFO: —

Payables were broadly stable → neutral CFO: —

Working Capital Efficiency

Cash conversion cycle lengthened by 0.8 days versus the same period last year. The main moves came from DIO rose 6.4 days, DSO rose 0.5 days, and DPO rose 6.1 days.

Working capital cycle is flat — components are offsetting each other.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 104.7 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Receivables collection is slowing

DSO increased by +0.5 days, pointing to slower receivables turnover.

Working Capital Efficiency

Receivables 84.2 days +0.5 days

Inventory 109.5 days +6.4 days

Payables 89.0 days +6.1 days

Cash Conversion Cycle 104.7 days +0.8 days

Is financial risk significant?

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

Leverage & Liquidity

Leverage warrants monitoring, with net debt / equity at 0.13x and interest coverage only at 1.52x.

At present, short-term debt accounts for 100.0% of total debt, cash equals 27.1% of debt, and total debt stands at 12.7bn.

Watchpoints

Interest coverage is thin

Interest coverage is 1.52x, leaving limited room to absorb financing costs.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 100.0% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.13x −0.02x

Interest Coverage 1.52x −0.36x

Cash / Debt 27.1% −0.7pp

Short-term Debt / Total Debt 100.0% 0.0pp

CFO / NI 0.10x −0.32x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 9.8bn in 2025, against investing cash flow of -0.1bn.

Post-investment cash flow was positive +9.7bn. Financing cash flow was negative +8.6bn.

CFO / net income was 0.10x.

After spending +0.1bn on fixed-asset investment, the business generated trailing free cash flow of +0.7bn.

Cash Conversion

CFO TTM 0.9bn −3.0bn

Cash Capex 0.1bn −0.3bn

FCF TTM +0.7bn −2.7bn

Investment Takeaway

The business is showing a few weaker signals, but the current magnitude is not yet clear enough to conclude that this is a broader weakening phase. The next item to monitor is the earnings mix, when non-core contribution is -34.1%. The main risk still sits in leverage and liquidity, with interest coverage at 1.52x.

Watchpoint: the earnings mix still needs monitoring, with net financial result still accounting for -34.1% of PBT and CFO / net income currently at 0.10x.

Key risk: leverage and liquidity still require discipline, with interest coverage only at 1.52x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	117.2	124.5	116.4	142.8	130.5
Revenue Deductions	4.9	4.8	5.9	14.1	0.0
Net Revenue	112.3	119.6	110.5	128.8	119.3
Cost of Goods Sold	81.5	84.7	80.0	91.0	0.0
Gross Profit	30.8	34.9	30.5	37.7	34.9
Financial Income	0.0	0.0	10.2	8.6	0.6
Financial Expenses	4.1	4.5	4.8	4.2	-2.8
Interest Expense	1.0	1.1	1.4	0.8	-0.0
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	6.4	8.5	6.7	11.4	-6.8
General and Administrative Expenses	13.4	14.3	11.9	13.0	-12.5
Operating Profit	6.8	7.7	17.4	17.8	13.3
Other Income	3.1	4.0	4.3	2.5	0.0
Other Expenses	1.0	0.6	0.9	0.4	0.0
Other Profit	2.2	3.4	3.4	2.0	1.9
Profit Before Tax	9.0	11.2	20.7	19.8	15.2
Current Income Tax Expense	2.2	2.3	4.4	4.1	-2.2
Deferred Income Tax Expense	0.1	0.0	-0.1	0.0	0.0
Net Income	6.7	8.8	16.5	15.7	13.0
Non-controlling Interest	—	0.0	0.0	0.0	-0.0
Profit Attributable to Parent	6.7	8.8	16.5	15.7	13.0
Earnings per Share	1,762.00	2,366.00	4,342.00	8,289.00	7,036.00
Diluted EPS	1,762.00	2,366.00	4,342.00	10,357.96	8,581.17

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	51.1	53.1	48.2	56.7	62.5
I. Cash and cash equivalents	5.7	4.6	4.2	5.3	13.0
1. Cash	5.7	4.6	4.2	5.3	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	—	0.0	0.0	2.5	0.0
1. Available for sale securities	—	0.0	0.0	2.5	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	—	0.0	0.0	0.0	0.0
III. Short-term receivables	21.8	27.9	21.7	20.0	27.0
1. Short-term trade accounts receivable	22.3	29.2	23.1	19.9	0.0
2. Short-term prepayments to suppliers	1.3	0.0	0.0	0.2	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other short-term receivables	0.5	0.9	0.8	2.0	0.0
7. Provision for short-term doubtful debts (*)	-2.3	-2.3	-2.2	-2.1	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	23.3	20.6	21.5	24.8	22.3
1. Inventories	23.3	20.7	21.6	24.9	0.0
2. Provision for decline in value of inventories	-0.1	-0.1	-0.1	-0.1	0.0
V. Other short-term assets	0.3	0.0	0.7	4.2	0.2
1. Short-term prepayments	—	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	0.1	0.0	0.7	4.2	0.0
3. Taxes and other receivables from state authorities	0.3	0.0	0.0	0.0	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)	55.1	56.3	57.0	49.1	9.9
I. Long-term receivables	0.9	0.0	0.8	0.8	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	0.9
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	0.9	0.0	0.8	0.8	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	0.8	1.2	1.5	2.3	3.9
1. Tangible fixed assets	0.8	1.2	1.5	2.3	3.9
- Cost	31.4	31.7	32.4	32.4	0.0
- Accumulated depreciation	-30.6	-30.6	-30.9	-30.0	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	—	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
III. Investment properties	—	0.0	0.0	0.0	0.0
- Cost	—	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	—	0.0	0.0	0.0	0.0
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	—	0.0	0.0	0.0	0.0
V. Long-term financial investments	0.7	0.7	0.8	0.8	5.0
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	0.0	0.0	0.0	0.0
3. Investments in other entities	0.8	0.8	0.8	0.8	0.0
4. Provision for diminution in value of long-term investments	-0.1	-0.1	0.0	0.0	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	52.7	54.4	53.9	45.2	0.0
1. Long-term prepayments	52.7	54.2	53.7	45.1	0.0
2. Deferred income tax assets	0.1	0.2	0.2	0.1	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	0.1
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)	106.1	109.3	105.2	105.9	72.4
A. LIABILITIES (300=210+330)	39.3	42.4	40.9	49.4	24.0
I. Short -term liabilities	39.1	42.2	40.2	48.7	23.2
1. Short-term trade accounts payable	21.4	17.4	18.8	20.1	13.0
2. Short-term advances from customers	0.5	0.2	0.1	0.2	0.0
3. Taxes and other payables to state authorities	0.1	0.8	0.6	0.6	0.0
4. Payable to employees	2.8	2.9	2.3	3.1	0.0
5. Short-term acrrued expenses	0.7	3.4	0.5	1.9	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	—	0.0	0.0	0.0	0.0
9. Other short-term payables	0.0	0.0	0.0	0.0	0.0
10. Short-term borrowings and financial leases	10.4	13.5	12.0	17.9	0.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	3.2	4.0	5.7	4.9	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	0.2	0.2	0.7	0.7	0.7
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	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.2	0.2	0.7	0.7	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)	66.8	66.9	64.3	56.4	48.4
I. Owner's equity	66.8	66.9	64.3	56.4	0.0
1. Owner's capital	30.4	30.4	30.4	15.2	48.4
- Common stock with voting right	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	15,182,180,000.00	15,182,180,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	—	0.0	0.0	0.0	0.0
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	—	0.0	0.0	0.0	0.0
5. Treasury shares	—	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	22.9	21.3	6.6	19.3	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	1.5	1.5	1.5	1.5	0.0
11. Undistributed earnings after tax	12.0	13.8	25.8	20.4	14.8
- Accumulated retained earning at the end of the previous period	8.3	8.8	15.1	10.2	6.3
- Undistributed earnings in this period	3.7	5.0	10.7	10.2	8.5
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)	106.1	109.3	105.2	105.9	72.4

Item	2025	2024	2023	2022	2021
Profit Before Tax	9.0	11.2	20.7	19.8	0.0
Depreciation of Fixed Assets and Investment Property	0.5	0.7	1.0	1.6	0.0
Provision (Increase)/Reversal	0.0	0.2	-0.0	-0.1	0.0
FX Gain/Loss from Revaluation of Monetary Items	—	0.0	-0.0	-0.0	0.0
Gain/Loss from Investment Activities	-0.0	-0.0	-0.0	-8.6	0.0
Interest Expense	1.0	1.1	1.4	0.8	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	10.5	13.1	23.1	13.4	0.0
Increase/(Decrease) in Receivables	5.2	-4.8	1.7	2.9	0.0
Increase/(Decrease) in Inventory	-2.7	1.0	3.3	-2.3	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	1.0	2.1	-3.5	6.3	0.0
Increase/(Decrease) in Prepaid Expenses	1.5	-0.5	-8.5	-45.1	0.0
Changes in Trading Securities	—	0.0	2.5	0.0	0.0
Interest Paid	-1.0	-1.1	-1.4	-0.8	0.0
Corporate Income Tax Paid	-2.6	-2.6	-4.4	-3.5	0.0
Other Operating Receipts	0.0	0.0	0.0	0.0	0.0
Other Operating Payments	-2.2	-3.3	-2.6	-2.2	0.0
Net Cash Flow from Operating Activities	9.8	3.9	10.2	-31.3	7.3
Payments for Fixed Assets and Other Long-term Assets	-0.1	-0.4	-0.1	-0.1	-1.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	0.0	0.0	0.0	0.0
Loans and Purchases of Debt Instruments	—	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
Investments in Other Entities	—	0.0	0.0	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	0.0	9.8	0.0
Dividends and Interest Income Received	0.0	0.0	0.0	0.5	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	-0.1	-0.4	-0.1	10.3	-0.8
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	31.1	37.0	36.2	33.8	0.0
Repayment of Borrowings	-34.3	-35.6	-42.1	-15.9	0.0
Repayment of Finance Leases	—	0.0	0.0	0.0	0.0
Dividends Paid	-5.5	-4.6	-5.3	-4.6	-4.6
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	-8.6	-3.1	-11.2	13.4	-4.6
Net Cash Flow During the Period	1.1	0.4	-1.0	-7.7	2.8
Cash and Cash Equivalents at Beginning of Period	4.6	4.2	5.3	13.0	11.1
FX Difference from Revaluation	—	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	5.7	4.6	4.2	5.3	13.0

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
Revenue	28.2	32.9	28.4	29.0	26.8	37.2	28.9	31.0	27.3	29.8	29.6	29.4
Revenue Deductions	1.1	1.2	1.2	1.3	1.2	1.0	1.1	1.4	1.2	1.4	1.3	1.6
Net Revenue	27.1	31.8	27.2	27.8	25.6	36.2	27.7	29.6	26.1	28.3	28.3	27.8
Cost of Goods Sold	20.4	24.8	19.5	19.4	17.7	25.1	19.8	21.1	18.8	20.7	21.4	19.9
Gross Profit	6.6	7.0	7.7	8.3	7.9	11.2	8.0	8.5	7.3	7.6	6.9	7.9
Financial Income	0.0	0.0	0.0	0.0	0.0	0.0	-0.1	0.1	0.0	10.2	0.0	0.0
Financial Expenses	0.7	1.4	1.1	0.9	0.8	1.8	0.9	1.0	0.8	1.4	1.1	1.2
Interest Expense	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.4
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	1.4	1.9	1.4	1.6	1.5	3.5	2.0	1.7	1.2	2.4	0.9	1.9
General and Administrative Expenses	3.2	3.5	3.2	3.2	3.5	2.9	3.4	4.1	3.9	3.0	3.1	2.6
Operating Profit	1.4	0.1	2.0	2.6	2.1	3.0	1.6	1.8	1.4	11.0	1.9	2.2
Other Income	4.4	0.6	0.6	1.1	0.9	1.1	1.0	1.2	0.8	1.4	0.8	1.2
Other Expenses	—	0.4	0.3	0.3	—	0.3	0.0	0.3	0.0	-0.8	0.2	0.7
Other Profit	4.4	0.2	0.3	0.8	0.9	0.8	1.0	0.8	0.8	2.3	0.6	0.5
Profit Before Tax	5.8	0.3	2.3	3.5	2.9	3.8	2.5	2.6	2.2	13.2	2.4	2.7
Current Income Tax Expense	1.2	0.5	0.5	0.5	0.6	0.9	0.5	0.5	0.4	2.9	0.5	0.5
Deferred Income Tax Expense	—	-0.1	—	0.2	—	-0.1	0.0	0.1	0.0	-0.2	0.0	0.1
Net Income	4.6	-0.1	1.7	2.7	2.3	3.0	2.0	2.1	1.7	10.5	1.9	2.1
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Profit Attributable to Parent	4.6	-0.1	1.7	2.7	2.3	3.0	2.0	2.1	1.7	10.5	1.9	2.1
Earnings per Share	1,251.00	-35.81	571.93	733.00	633.00	820.00	545.00	555.00	470.00	2,841.00	524.00	1,117.00
Diluted EPS	1,525.78	-35.81	571.93	893.85	772.29	999.92	664.88	676.85	572.93	3,465.18	638.72	1,362.07

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)	54.7	51.1	55.6	56.2	53.5	53.1	54.1	53.7	51.8	48.2	58.7	59.5
I. Cash and cash equivalents	3.5	5.7	2.9	3.5	3.9	4.6	5.2	4.9	2.9	4.2	4.2	3.8
1. Cash	3.5	5.7	2.9	3.5	3.9	4.6	5.2	4.9	2.9	4.2	4.2	3.8
2. Cash equivalents	—	—	—	—	—	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	2.5	2.5
1. Available for sale securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	2.5	2.5
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	25.2	21.8	28.1	29.7	25.3	27.9	25.6	27.9	26.1	21.7	28.8	27.4
1. Short-term trade accounts receivable	25.3	22.3	29.0	31.5	27.2	29.2	26.9	28.6	27.5	23.1	29.2	27.7
2. Short-term prepayments to suppliers	0.6	1.3	1.1	0.2	0.1	0.0	0.0	0.7	0.1	0.0	0.1	0.1
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	1.5	0.5	0.2	0.2	0.2	0.9	0.8	0.7	0.8	0.8	1.6	1.7
7. Provision for short-term doubtful debts (*)	-2.3	-2.3	-2.3	-2.3	-2.3	-2.3	-2.2	-2.2	-2.2	-2.2	-2.1	-2.1
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	26.1	23.3	24.7	23.1	24.3	20.6	23.3	20.9	22.8	21.5	23.0	24.2
1. Inventories	26.2	23.3	24.7	23.1	24.4	20.7	23.4	21.0	22.9	21.6	23.1	24.3
2. Provision for decline in value of inventories	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
V. Other short-term assets	0.0	0.3	—	—	—	0.0	0.0	0.0	0.0	0.7	0.2	1.7
1. Short-term prepayments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Value added tax to be reclaimed	0.0	0.1	—	—	—	0.0	0.0	0.0	0.0	0.7	0.2	1.7
3. Taxes and other receivables from state authorities	—	0.3	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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)	58.7	55.1	55.0	55.1	55.9	56.3	53.0	53.2	55.5	57.0	48.3	48.7
I. Long-term receivables	0.9	0.9	0.4	—	—	0.0	0.0	0.0	0.8	0.8	0.8	0.8
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	0.9	0.9	0.4	—	—	0.0	0.0	0.0	0.8	0.8	0.8	0.8
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	0.8	0.8	0.9	1.0	1.1	1.2	1.3	1.1	1.2	1.5	1.6	1.8
1. Tangible fixed assets	0.8	0.8	0.9	1.0	1.1	1.2	1.3	1.1	1.2	1.5	1.6	1.8
- Cost	21.6	—	—	—	—	31.7	32.0	32.4	32.4	32.4	32.2	32.4
- Accumulated depreciation	-20.9	—	—	—	—	-30.6	-30.7	-31.3	-31.1	-30.9	-30.6	-30.6
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	—	—	—	—	—	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
III. Investment properties	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	—	—	—	—	—	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
2. Construction in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Long-term financial investments	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.8	0.8	0.8	0.8
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Investments in other entities	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8	0.8
4. Provision for diminution in value of long-term investments	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	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
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	56.4	52.7	53.0	53.4	54.0	54.4	51.0	51.4	52.7	53.9	45.1	45.1
1. Long-term prepayments	56.3	52.7	53.0	53.4	53.8	54.2	50.8	51.2	52.5	53.7	45.1	45.1
2. Deferred income tax assets	0.1	0.1	—	—	0.2	0.2	0.1	0.1	0.2	0.2	0.0	0.0
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	113.5	106.1	110.6	111.4	109.3	109.3	107.1	106.9	107.3	105.2	107.0	108.1
A. LIABILITIES (300=210+330)	42.0	39.3	42.3	40.9	41.6	42.4	41.5	40.3	42.8	40.9	49.9	48.9
I. Short -term liabilities	41.8	39.1	42.1	40.7	41.3	42.2	41.3	40.1	42.1	40.2	49.2	48.2
1. Short-term trade accounts payable	21.8	21.4	16.7	15.1	19.3	17.4	16.8	15.2	18.7	18.8	20.6	21.9
2. Short-term advances from customers	0.0	0.5	0.0	0.1	0.0	0.2	0.0	0.0	0.0	0.1	0.0	0.0
3. Taxes and other payables to state authorities	1.0	0.1	0.6	1.1	0.9	0.8	0.8	1.1	0.8	0.6	0.3	0.4
4. Payable to employees	2.0	2.8	3.0	2.5	2.0	2.9	2.8	3.1	1.9	2.3	3.2	2.5
5. Short-term acrrued expenses	1.5	0.7	5.0	3.5	2.1	3.4	5.2	3.7	1.7	0.5	5.7	4.2
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	0.4	0.0	0.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Short-term borrowings and financial leases	12.7	10.4	14.5	15.7	14.0	13.5	13.1	13.1	14.9	12.0	16.7	16.1
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	2.3	3.2	2.2	2.6	2.9	4.0	2.5	3.8	4.1	5.7	2.7	3.1
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	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.7	0.7	0.7	0.7
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.7	0.7	0.7	0.7
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)	71.5	66.8	68.3	70.5	67.8	66.9	65.6	66.6	64.5	64.3	57.1	59.2
I. Owner's equity	71.5	66.8	68.3	70.5	67.8	66.9	65.6	66.6	64.5	64.3	57.1	59.2
1. Owner's capital	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	30.4	15.2
- Common stock with voting right	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	30,364,360,000.00	15,182,180,000.00
- Preferred stock	—	—	—	—	—	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
3. Convertible bond option	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Treasury shares	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	22.9	22.9	21.3	21.3	21.3	21.3	19.1	19.1	6.6	6.6	4.1	19.3
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5	1.5
11. Undistributed earnings after tax	16.6	12.0	15.1	17.3	14.6	13.8	14.6	15.6	26.1	25.8	21.1	23.2
- Accumulated retained earning at the end of the previous period	12.0	8.3	8.3	12.3	12.3	8.8	8.8	11.8	24.3	15.1	15.1	19.2
- Undistributed earnings in this period	4.6	3.7	6.8	5.1	2.3	5.0	5.8	3.8	1.7	10.7	5.9	4.0
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)	113.5	106.1	110.6	111.4	109.3	109.3	107.1	106.9	107.3	105.2	107.0	108.1

Item	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Profit Before Tax	—	2.6	6.4	—	0.0	-4.8	4.8	0.0	20.7	-5.1	5.1	0.0
Depreciation of Fixed Assets and Investment Property	—	0.2	0.3	—	0.0	-0.4	0.4	0.0	1.0	-0.5	0.5	0.0
Provision (Increase)/Reversal	—	0.0	—	—	0.0	-0.1	0.1	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
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
Interest Expense	—	0.5	0.5	—	0.0	-0.5	0.5	0.0	1.4	-0.8	0.8	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
Interest Income and Dividends	—	—	—	—	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
Other Adjustments	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	—	3.3	7.2	—	0.0	-5.8	5.8	0.0	23.1	-6.4	6.4	0.0
Increase/(Decrease) in Receivables	—	7.0	-1.8	—	0.0	4.7	-4.7	0.0	1.7	4.9	-4.9	0.0
Increase/(Decrease) in Inventory	—	-0.2	-2.5	—	0.0	-0.6	0.6	0.0	3.3	-0.6	0.6	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	—	3.5	-2.5	—	0.0	-0.8	0.8	0.0	-3.5	-3.3	3.3	0.0
Increase/(Decrease) in Prepaid Expenses	—	0.8	0.8	—	0.0	-2.5	2.5	0.0	-8.5	0.0	0.0	0.0
Changes in Trading Securities	—	—	—	—	0.0	0.0	0.0	0.0	2.5	0.0	0.0	0.0
Interest Paid	—	-0.5	-0.5	—	0.0	0.5	-0.5	0.0	-1.4	0.8	-0.8	0.0
Corporate Income Tax Paid	-0.0	-1.6	-0.6	-0.4	-1.0	-0.5	-0.4	-0.7	-2.7	-0.5	-0.5	-0.7
Other Operating Receipts	2.4	—	—	—	1.5	13.3	-4.6	4.6	-11.3	11.4	-4.1	4.1
Other Operating Payments	-7.4	-0.8	6.9	-8.3	-7.6	-23.6	7.2	-9.1	18.1	-18.9	5.9	-7.8
Net Cash Flow from Operating Activities	-8.9	11.5	-2.1	0.4	-1.0	3.5	4.0	-2.6	4.7	4.0	3.9	-2.3
Payments for Fixed Assets and Other Long-term Assets	-0.1	0.0	0.0	-0.1	0.0	-0.2	-0.2	0.0	-0.1	0.0	-0.1	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	4.3	—	—	—	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
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
Investments in Other Entities	—	—	—	—	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
Dividends and Interest Income Received	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 Term Deposits	—	—	—	—	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
Other Investing Receipts	—	—	—	—	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
Net Cash Flow from Investing Activities	4.3	0.0	0.0	-0.1	0.0	-0.2	-0.2	0.0	-0.1	0.0	-0.1	0.0
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	0.00	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	0.00
Proceeds from Borrowings	8.4	13.6	8.6	8.9	10.2	10.3	8.2	8.3	10.3	7.7	9.0	9.3
Repayment of Borrowings	-6.1	-19.0	-6.9	-8.4	-9.8	-10.4	-10.0	-5.4	-14.9	-7.2	-11.3	-8.7
Repayment of Finance Leases	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	-3.9	0.0	-1.5	0.0	-3.0	0.0	-1.5	0.0	-4.1	0.0	-1.2
Other Financing Receipts	—	—	—	—	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
Net Cash Flow from Financing Activities	2.4	-9.3	1.7	-1.0	0.4	-3.0	-1.8	1.4	-4.6	-3.5	-2.3	-0.7
Net Cash Flow During the Period	-2.3	2.2	-0.4	-0.7	-0.6	0.3	2.0	-1.3	-0.0	0.5	1.5	-3.0
Cash and Cash Equivalents at Beginning of Period	5.7	4.6	3.9	4.6	4.2	4.2	4.2	4.2	5.3	5.3	5.3	5.3
FX Difference from Revaluation	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	3.5	5.7	3.5	3.9	4.6	5.2	4.9	2.9	4.2	4.2	3.8	2.3

Explore Other Stocks In The Same Sector

GVR, DGC, NTP, RTB, PHR, AAA, APH, PAT, DPR, TRC, CSV, DRG, DRI, BRR, HPP, PRT, NHH, HVT, ADP, HII, VTZ, TNC, SBR, HRC, SIV, PLP, HDA, HSP, PBT, PCH, IRC, VNP, ECO, SFN, HNP, VTQ, DMS, DPC, PGN, PCM, DVG, VHG, NSG, KTT, BQP, NHP

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

SDN

What Is Changing

Drivers of SDN's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ●

Is capital being used efficiently?

Is capital being deployed efficiently? ▼▼

Balance Sheet ●

Working Capital Efficiency ●

Is financial risk significant?

Leverage & Liquidity ▼▼

Cash Flow ▼

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow