TCR

Công nghiệp Gốm sứ Taicera ·HOSE ·2026Q1

▲ Showing improvement

Operating efficiency is improving Net margin 1.40%, +8.27pp YoY

Price

2,290

Latest close

03 Jun 2026

P/E 8.42x

P/B 0.30x

EPS 272

BVPS 7,624

ROE 3.6%

ROA 1.3%

Profit Margin 1.4%

Asset Turnover 0.96x

Equity Mult. 2.64x

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

What Is Changing

On a TTM 2026Q1 basis, TCR posted a sharp profit increase versus the same period, suggesting a clear improvement from a low base — this marks a reversal from the difficult phase before. However, most of the profit comes from non-core sources — this needs careful evaluation before concluding on growth quality.

	                            
	                                TTM REVENUE
	                            
	                                    VND 877bn
	                                
−5.6%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 12bn
	                                
+119.3%YoY

	                            
	                                Non-core income / PBT
	                            
	                                    501.3%

Metric	2025	2024	2023	2022	2021
Revenue	874.7	908.7	892.2	1,098.0	934.6
Growth	-4%	+2%	-19%	+17%	—
Net Income	2.0	-61.1	-7.4	1.0	8.6
Net Margin	0.23%	-6.72%	-0.83%	0.09%	0.92%

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	187.8	237.7	224.0	227.1	188.9	258.4	237.5	243.5	169.3	205.5	227.7	246.4
Growth	-21%	+6%	-1%	+20%	-27%	+9%	-2%	+44%	-18%	-10%	-8%	—
Net Income	-20.5	57.2	-2.7	-21.6	-20.4	-15.4	-20.0	-7.9	-17.8	6.7	-15.1	-4.3
Net Margin	-10.92%	24.05%	-1.23%	-9.53%	-10.80%	-5.97%	-8.42%	-3.24%	-10.52%	3.26%	-6.61%	-1.76%

Drivers of TCR's profit

TTM

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

Other profit ↑ 56.7bn

Gross profit ↑ 23.9bn

Selling expenses ↓ 10.1bn

Administrative expenses ↑ 16.2bn

TTM

Net profit attributable to parent declined vs prior quarter, mainly due to weaker other profit. Supporting and offsetting drivers:

Gross profit ↑ 6.5bn

Selling expenses ↓ 1.7bn

Finance costs ↓ 0.9bn

Other profit ↓ 6.0bn

Administrative expenses ↑ 2.6bn

Financial income ↓ 0.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 -16.9% = -6.9% × 0.99 × 2.48

2026Q1 3.6% = 1.4% × 0.96 × 2.64

ROE rose from -16.9% to 3.6% — mainly driven by leverage, despite asset turnover moving in the opposite direction.

Net margin: 1.4% +8.3pp Asset turnover: 0.96x -0.03x Leverage: 2.64x +0.16x

Is the profit sustainable?

Margins improved (+8.3pp), but earnings still rely significantly on non-core sources — warrants closer scrutiny.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 1.40%, rising 8.3pp. Core operating signals are improving as Gross margin rose 3.1pp are enough to offset pressure from SG&A / Revenue rose 1.4pp (with additional support from Other profit / Revenue rose 6.5pp and Net financial result / Revenue rose 0.0pp).

Most of the margin increase comes from non-core items — core operations have not kept pace, this is a margin expansion to watch carefully.

Profitability trend

Net Margin 1.40% +8.3pp

Gross Margin 9.63% +3.1pp

SG&A / Revenue 12.64% +1.4pp

Non-core / Revenue 4.41% +6.5pp

TTM YoY · 2025Q1 -> 2026Q1

Watchpoints

Other income is supporting margin

Other income accounts for 501.3% of PBT and lifted net margin by 6.5pp — separate the operating contribution from this source.

Is capital being used efficiently?

Capital efficiency should be read in industry context — ROIC may fluctuate with business specifics.

Is capital being deployed efficiently?

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

Industry characteristics make ROIC cyclical — this is a reference signal and should be read with the business context.

CAPITAL EFFICIENCY TREND

ROIC — —

NOPAT Margin — —

Capital Turnover 1.28x −0.02x

Average Invested Capital 682.5bn −31.3bn

Balance Sheet

ROIC above should be read with industry context — the balance sheet below adds perspective. Capital structure is balanced — liabilities at 1.61x equity, net debt at 0.91x equity.

Inventory ended the period at 354.9bn, roughly 37.0% of total assets.

Over the last 12 months, working capital released 31.1bn of cash, mainly thanks to lower receivables and lower inventories. Pressure from lower payables only partly offset that benefit.

Working Capital Drivers

Receivables decreased → higher CFO: +7.5bn

Inventories decreased → higher CFO: +97.0bn

Payables decreased → lower CFO: −73.4bn

Working Capital Efficiency

Working capital is being managed more efficiently, supporting overall capital efficiency. Cash conversion cycle improved by 15.6 days versus the same period last year. The main moves came from DIO fell 8.6 days, DSO fell 2.5 days, and DPO rose 4.5 days.

All 3 drivers (collection, inventory, payables) are improving — working capital turnover is strengthening across the board.

Watchpoints

Cash conversion cycle remains stretched

CCC stands at 160.6 days, suggesting that working capital remains tied up for a relatively long operating cycle.

Working Capital Efficiency

Receivables 55.3 days −2.5 days

Inventory 171.1 days −8.6 days

Payables 65.9 days +4.5 days

Cash Conversion Cycle 160.6 days −15.6 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 0.91x and interest coverage only at -1.70x.

At present, short-term debt accounts for 97.8% of total debt, cash equals 13.9% of debt, and total debt stands at 365.9bn.

Watchpoints

Interest coverage is thin

Interest coverage is -1.70x, leaving limited room to absorb financing costs.

Short-term refinancing pressure is meaningful

Short-term debt accounts for 97.8% of total debt, raising near-term refinancing needs.

Leverage and liquidity trend

Net Debt / Equity 0.91x −0.13x

Interest Coverage -1.70x +0.36x

Cash / Debt 13.9% +7.3pp

Short-term Debt / Total Debt 97.8% +3.5pp

CFO / NI 3.42x +4.16x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 104.6bn in 2025, against investing cash flow of -5.5bn.

Post-investment cash flow was positive +99.1bn. Financing cash flow was negative +93.6bn.

CFO / net income was 3.42x.

After spending +30.5bn on fixed-asset investment, the business generated trailing free cash flow of +11.5bn.

Cash Conversion

CFO TTM 42.0bn −5.4bn

Cash Capex 30.5bn −60.9bn

FCF TTM +11.5bn +55.5bn

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 8.3 pp. The next item to monitor is the earnings mix, when non-core contribution is -186.6%. The main risk still sits in leverage and liquidity, with interest coverage at -1.70x.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 1.40% after expanding 8.3pp versus the same period last year.

Watchpoint: cash flow is currently keeping pace with accounting earnings, with CFO / net income at 3.42x. Even so, net financial result still accounts for -186.6% of PBT, so the earnings mix still needs monitoring.

Key risk: leverage and liquidity still require discipline, with interest coverage only at -1.70x.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	877.0	914.3	895.9	1,106.9	944.2
Revenue Deductions	2.3	5.6	3.7	8.9	0.0
Net Revenue	874.7	908.7	892.2	1,098.0	934.6
Cost of Goods Sold	802.1	845.7	774.6	938.2	0.0
Gross Profit	72.6	63.0	117.5	159.8	173.6
Financial Income	6.8	9.6	33.3	12.0	3.9
Financial Expenses	30.1	32.0	31.5	31.5	-18.5
Interest Expense	25.8	22.5	20.3	11.7	-12.6
Share of Associates and Joint Ventures	—	0.0	0.0	0.0	-0.0
Selling Expenses	64.4	70.9	88.3	101.7	-95.1
General and Administrative Expenses	50.1	34.1	40.6	47.5	-55.0
Operating Profit	-65.4	-64.4	-9.6	-8.9	8.8
Other Income	83.7	6.6	5.2	13.6	0.0
Other Expenses	16.3	3.2	2.8	1.2	0.0
Other Profit	67.4	3.4	2.4	12.5	-0.2
Profit Before Tax	2.0	-61.1	-7.2	3.6	8.6
Current Income Tax Expense	—	0.0	0.2	2.6	-0.0
Deferred Income Tax Expense	—	0.0	0.0	0.0	0.0
Net Income	2.0	-61.1	-7.4	1.0	8.6
Non-controlling Interest	—	0.0	0.0	-0.9	-0.7
Profit Attributable to Parent	2.0	-61.1	-7.4	1.8	9.4
Earnings per Share	44.00	-1,344.00	-163.00	33.00	207.00
Diluted EPS	44.22	-1,344.17	-162.54	40.63	206.17

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	615.1	642.0	664.2	680.8	714.8
I. Cash and cash equivalents	45.2	39.7	64.9	53.3	46.8
1. Cash	45.2	39.7	64.9	53.3	0.0
2. Cash equivalents	—	0.0	0.0	0.0	0.0
II. Short-term financial investments	30.6	0.0	0.0	0.0	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	30.6	0.0	0.0	0.0	0.0
III. Short-term receivables	162.6	170.5	155.5	168.3	177.3
1. Short-term trade accounts receivable	158.0	149.7	146.8	129.9	0.0
2. Short-term prepayments to suppliers	4.9	14.6	7.1	7.8	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	15.4	6.2	2.1	31.1	0.0
7. Provision for short-term doubtful debts (*)	-15.7	0.0	-0.4	-0.4	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	354.9	404.4	417.7	424.8	447.7
1. Inventories	389.4	417.1	423.1	427.1	0.0
2. Provision for decline in value of inventories	-34.5	-12.6	-5.4	-2.4	0.0
V. Other short-term assets	21.7	27.3	26.0	34.4	42.9
1. Short-term prepayments	6.5	10.3	19.8	19.6	0.0
2. Value added tax to be reclaimed	14.9	16.8	6.0	14.8	0.0
3. Taxes and other receivables from state authorities	0.3	0.3	0.3	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)	342.9	345.3	260.9	262.9	259.7
I. Long-term receivables	1.2	39.3	20.1	10.3	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	17.1
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	1.2	39.3	20.1	10.3	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	284.4	239.4	236.1	248.0	235.2
1. Tangible fixed assets	278.8	232.8	236.1	248.0	235.0
- Cost	1,132.4	1,607.6	1,673.8	1,664.3	0.0
- Accumulated depreciation	-853.6	-1,374.8	-1,437.7	-1,416.3	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	5.6	6.6	0.0	0.0	0.2
- Cost	11.9	11.9	4.4	4.4	0.0
- Accumulated depreciation	-6.3	-5.2	-4.4	-4.4	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	10.9	64.5	4.3	3.5	6.2
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	10.9	64.5	4.3	3.5	0.0
V. Long-term financial investments	—	0.0	0.0	0.0	0.0
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	—	0.0	0.0	0.0	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
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	46.4	2.0	0.4	1.0	0.0
1. Long-term prepayments	46.4	2.0	0.4	1.0	0.0
2. Deferred income tax assets	—	0.0	0.0	0.0	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	1.2
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)	958.0	987.3	925.1	943.6	974.5
A. LIABILITIES (300=210+330)	591.1	622.4	499.2	474.4	506.3
I. Short -term liabilities	581.4	612.7	499.0	468.9	497.8
1. Short-term trade accounts payable	216.7	153.7	137.6	153.7	128.9
2. Short-term advances from customers	29.8	35.3	22.6	19.7	63.1
3. Taxes and other payables to state authorities	0.1	0.0	0.0	0.6	0.0
4. Payable to employees	5.3	8.8	8.9	15.6	0.0
5. Short-term acrrued expenses	16.7	9.8	6.7	18.2	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	0.7	0.4	0.2	0.9	0.0
10. Short-term borrowings and financial leases	312.1	404.7	322.9	260.1	263.0
11. Provision for short-term liabilities	—	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	—	0.0	0.0	0.0	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	9.7	9.8	0.2	5.5	8.6
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	1.8	1.7	0.2	1.3	0.0
8. Long-term borrowings and financial leases	7.9	8.1	0.0	4.2	7.0
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)	366.9	364.9	425.9	469.2	468.1
I. Owner's equity	366.9	364.9	425.9	469.2	0.0
1. Owner's capital	454.3	454.3	454.3	454.3	468.1
- Common stock with voting right	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	86.5	86.5	86.5	86.5	86.5
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	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	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	17.6	19.6	21.8	24.2	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	22.6	20.6	18.4	17.8	0.0
11. Undistributed earnings after tax	-214.1	-216.1	-155.1	-147.7	-151.6
- Accumulated retained earning at the end of the previous period	-216.1	-155.1	-147.7	-149.5	-160.5
- Undistributed earnings in this period	2.0	-61.1	-7.4	1.8	8.9
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	—	0.0	0.0	34.2	35.0
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)	958.0	987.3	925.1	943.6	974.5

Item	2025	2024	2023	2022	2021
Profit Before Tax	2.0	-61.1	-7.2	3.6	8.2
Depreciation of Fixed Assets and Investment Property	32.8	29.7	27.8	30.2	40.3
Provision (Increase)/Reversal	37.5	6.8	3.0	0.9	0.0
FX Gain/Loss from Revaluation of Monetary Items	-0.2	-0.9	0.3	-1.4	0.0
Gain/Loss from Investment Activities	-53.1	-1.2	-26.8	-0.7	0.0
Interest Expense	25.8	22.5	20.3	11.7	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	44.8	-4.1	17.5	44.3	59.8
Increase/(Decrease) in Receivables	-16.6	-43.2	12.1	15.3	0.0
Increase/(Decrease) in Inventory	56.1	6.0	4.0	22.1	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	46.9	32.7	-34.5	-29.3	0.0
Increase/(Decrease) in Prepaid Expenses	-0.5	7.9	0.4	13.2	0.0
Changes in Trading Securities	—	0.0	0.0	0.0	0.0
Interest Paid	-26.0	-22.2	-20.1	-11.6	0.0
Corporate Income Tax Paid	—	0.0	-0.9	0.0	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	—	0.0	-1.8	-2.2	0.0
Net Cash Flow from Operating Activities	104.6	-23.0	-23.3	51.8	26.2
Payments for Fixed Assets and Other Long-term Assets	-38.5	-93.3	-51.6	-40.3	-35.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	24.6	0.8	0.1	0.6	0.3
Loans and Purchases of Debt Instruments	—	0.0	0.0	0.0	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	7.4	0.0	0.0	0.0	0.0
Investments in Other Entities	—	0.0	-3.5	0.0	0.0
Proceeds from Investments in Other Entities	—	0.0	30.9	0.0	0.0
Dividends and Interest Income Received	0.9	0.4	0.3	0.1	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	-5.5	-92.1	-23.6	-39.6	-34.7
Proceeds from Equity Issuance and Capital Contributions	—	0.00	0.00	0.00	804,125,000.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	747.8	887.7	789.5	897.6	831.0
Repayment of Borrowings	-841.4	-797.8	-730.9	-903.2	-869.7
Repayment of Finance Leases	—	0.0	0.0	0.0	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	-93.6	89.8	58.6	-5.7	-37.9
Net Cash Flow During the Period	5.5	-25.3	11.6	6.5	10.2
Cash and Cash Equivalents at Beginning of Period	39.7	64.9	53.3	46.8	93.2
FX Difference from Revaluation	-0.0	0.0	0.0	0.0	0.0
Cash and Cash Equivalents at End of Period	45.2	39.7	64.9	53.3	46.8

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	189.1	237.8	224.2	227.3	190.8	259.4	238.0	244.5	172.3	206.5	228.6	247.1
Revenue Deductions	1.3	0.1	0.1	0.2	1.9	1.0	0.5	1.0	3.0	1.0	0.9	0.7
Net Revenue	187.8	237.7	224.0	227.1	188.9	258.4	237.5	243.5	169.3	205.5	227.7	246.4
Cost of Goods Sold	174.6	211.7	195.1	210.7	182.2	239.9	224.9	220.8	160.3	190.4	200.2	208.6
Gross Profit	13.2	26.0	28.9	16.4	6.7	18.5	12.6	22.7	9.0	15.1	27.6	37.8
Financial Income	1.1	0.5	1.2	3.4	1.7	2.7	2.2	2.3	2.2	24.2	3.1	0.7
Financial Expenses	7.1	6.3	7.0	8.6	8.0	8.1	9.7	7.6	6.5	2.6	11.1	6.9
Interest Expense	6.0	6.0	6.3	6.5	6.9	6.7	6.2	5.4	4.2	4.8	5.5	5.6
Share of Associates and Joint Ventures	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Selling Expenses	13.3	16.2	16.0	17.3	15.0	21.1	19.4	17.3	13.2	18.5	23.9	23.9
General and Administrative Expenses	9.9	11.4	11.0	15.9	7.3	8.3	8.6	7.7	9.5	13.0	11.0	12.1
Operating Profit	-16.1	-7.4	-3.8	-22.0	-22.0	-16.3	-22.8	-7.6	-18.0	5.2	-15.3	-4.3
Other Income	1.4	81.0	1.1	0.3	1.6	1.7	2.2	0.9	1.7	4.2	0.3	0.2
Other Expenses	5.9	16.4	—	-0.0	0.0	0.8	-0.6	1.2	1.5	2.6	-0.0	0.2
Other Profit	-4.4	64.6	1.1	0.3	1.6	0.9	2.8	-0.3	0.2	1.5	0.3	0.0
Profit Before Tax	-20.5	57.2	-2.7	-21.6	-20.4	-15.4	-20.0	-7.9	-17.8	6.7	-15.1	-4.3
Current Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax Expense	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	-20.5	57.2	-2.7	-21.6	-20.4	-15.4	-20.0	-7.9	-17.8	6.7	-15.1	-4.3
Non-controlling Interest	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-0.3	-0.3
Profit Attributable to Parent	-20.5	57.2	-2.7	-21.6	-20.4	-15.4	-20.0	-7.9	-17.8	6.7	-14.8	-4.0
Earnings per Share	-451.00	1,259.00	-60.00	-476.00	-449.00	-340.00	-440.00	-174.00	-392.00	148.00	-325.00	-89.00
Diluted EPS	-451.25	1,258.33	-60.48	-476.16	-449.06	-339.81	-440.40	-173.86	-392.11	147.64	-325.03	-88.77

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)	545.9	624.4	622.4	600.7	610.6	642.2	677.4	700.3	658.7	666.8	673.4	703.8
I. Cash and cash equivalents	50.8	45.4	26.4	26.2	25.1	39.9	28.7	18.0	28.1	64.9	34.4	37.2
1. Cash	50.8	45.4	26.4	26.2	25.1	39.9	28.7	18.0	28.1	64.9	34.4	37.2
2. Cash equivalents	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Short-term financial investments	30.6	30.6	26.2	—	—	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
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	30.6	30.6	26.2	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Short-term receivables	137.7	169.5	141.4	153.2	172.5	170.5	166.3	202.0	157.0	155.5	188.9	187.7
1. Short-term trade accounts receivable	113.9	160.2	139.6	141.2	151.9	149.7	149.6	157.6	142.1	146.8	147.5	145.4
2. Short-term prepayments to suppliers	24.2	4.9	5.3	12.5	13.9	14.6	11.3	42.2	13.3	7.1	13.5	13.5
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	15.3	15.4	5.4	6.4	6.7	6.2	5.5	2.1	2.0	2.1	28.4	29.2
7. Provision for short-term doubtful debts (*)	-15.7	-11.1	-8.9	-6.9	—	0.0	0.0	0.0	-0.4	-0.4	-0.4	-0.4
8. Assets awaiting resolution	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Inventories	305.4	357.3	402.0	391.5	382.0	404.4	448.4	449.4	442.9	420.2	408.4	445.3
1. Inventories	337.2	385.7	431.5	424.4	405.8	417.1	456.6	456.9	449.0	423.1	409.8	446.7
2. Provision for decline in value of inventories	-31.8	-28.4	-29.5	-32.9	-23.8	-12.6	-8.2	-7.5	-6.1	-2.9	-1.4	-1.4
V. Other short-term assets	21.5	21.7	26.4	29.8	31.0	27.3	34.0	30.9	30.7	26.2	41.6	33.6
1. Short-term prepayments	5.5	6.5	9.2	9.4	8.7	10.3	13.2	13.9	17.0	19.8	31.1	18.9
2. Value added tax to be reclaimed	15.7	14.9	17.0	20.2	22.0	16.8	20.6	16.8	13.4	6.0	10.0	14.3
3. Taxes and other receivables from state authorities	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4
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	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	330.1	342.8	345.0	354.1	340.5	345.3	328.8	275.8	258.4	260.9	296.4	294.3
I. Long-term receivables	1.1	1.1	1.1	27.3	32.0	39.3	31.5	17.0	14.6	20.1	25.0	23.5
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	1.1	1.1	1.1	27.3	32.0	39.3	31.5	17.0	14.6	20.1	25.0	23.5
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	275.9	284.4	280.3	247.9	244.5	239.4	231.2	238.2	242.6	236.1	265.2	237.1
1. Tangible fixed assets	270.6	278.8	274.4	241.8	238.2	232.8	224.4	231.1	235.3	236.1	265.2	237.1
- Cost	1,132.4	—	—	—	—	1,607.6	1,596.4	1,674.9	1,671.8	1,673.8	1,702.9	1,667.7
- Accumulated depreciation	-861.9	—	—	—	—	-1,374.8	-1,372.0	-1,443.8	-1,436.5	-1,437.7	-1,437.6	-1,430.6
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	5.3	5.6	5.8	6.1	6.4	6.6	6.9	7.1	7.4	0.0	0.0	0.0
- Cost	11.9	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-6.5	—	—	—	—	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	11.3	10.9	26.1	74.5	60.1	64.5	65.6	20.3	0.8	4.3	5.6	32.0
1. Long-term production in progress	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	11.3	10.9	26.1	74.5	60.1	64.5	65.6	20.3	0.8	4.3	5.6	32.0
V. Long-term financial investments	—	—	—	—	—	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
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	—	—	—	—	—	0.0	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
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	41.9	46.4	37.4	4.4	4.0	2.0	0.5	0.3	0.4	0.4	0.5	1.8
1. Long-term prepayments	41.9	46.4	37.4	4.4	4.0	2.0	0.5	0.3	0.4	0.4	0.5	1.8
2. Deferred income tax assets	—	—	—	—	—	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
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)	876.0	967.3	967.4	954.9	951.1	987.5	1,006.2	976.0	917.1	927.7	969.7	998.1
A. LIABILITIES (300=210+330)	529.7	590.0	647.3	632.0	606.6	622.7	626.0	575.8	509.0	509.9	525.3	538.6
I. Short -term liabilities	520.0	580.3	629.9	610.3	582.9	613.0	624.8	575.0	508.2	509.8	523.1	537.3
1. Short-term trade accounts payable	122.0	216.7	229.6	197.0	164.0	153.7	166.9	154.1	127.7	137.6	120.6	146.8
2. Short-term advances from customers	30.1	28.9	32.8	34.5	34.9	35.3	33.6	30.9	23.5	22.6	22.2	22.4
3. Taxes and other payables to state authorities	0.0	0.1	0.1	0.3	0.1	0.0	0.1	0.1	0.3	0.0	0.1	0.1
4. Payable to employees	5.0	5.3	6.1	6.5	7.4	9.4	9.9	7.7	7.7	13.9	11.5	10.2
5. Short-term acrrued expenses	4.3	16.8	19.8	16.6	6.9	9.5	9.4	8.1	4.5	12.6	14.9	9.3
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	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
9. Other short-term payables	0.5	2.4	0.5	2.7	7.3	0.4	0.3	0.4	0.4	0.2	0.3	0.7
10. Short-term borrowings and financial leases	358.0	310.1	341.0	352.7	362.4	404.7	404.7	373.6	344.0	322.9	353.5	347.8
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	—	—	—	—	—	0.0	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
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	9.7	9.7	17.4	21.7	23.7	9.8	1.2	0.8	0.8	0.2	2.2	1.3
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	1.8	1.8	1.8	1.8	1.9	1.7	1.2	0.8	0.8	0.2	2.2	1.3
8. Long-term borrowings and financial leases	7.9	7.9	15.6	19.9	21.8	8.1	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)	346.4	377.2	320.1	322.8	344.5	364.8	380.2	400.2	408.1	417.8	444.5	459.5
I. Owner's equity	346.4	377.2	320.1	322.8	344.5	364.8	380.2	400.2	408.1	417.8	444.5	459.5
1. Owner's capital	454.3	454.3	454.3	454.3	454.3	454.3	454.3	454.3	454.3	454.3	454.3	454.3
- Common stock with voting right	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00	454,328,360,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	86.5	86.5	86.5	86.5	86.5	86.5	86.5	86.5	86.5	86.5	86.5	86.5
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	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00	-76,940,800.00
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	17.6	17.6	17.6	17.6	19.6	19.6	19.6	19.6	21.8	21.8	21.8	21.8
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	22.6	22.6	22.6	22.6	20.6	20.6	20.6	20.6	18.4	18.4	18.4	18.5
11. Undistributed earnings after tax	-234.6	-203.8	-260.9	-258.2	-236.5	-216.2	-200.8	-180.8	-172.9	-163.2	-169.9	-155.2
- Accumulated retained earning at the end of the previous period	-214.1	-216.1	-216.1	-216.1	-216.1	-155.1	-155.1	-155.1	-155.1	-147.7	-147.7	-147.8
- Undistributed earnings in this period	-20.5	12.4	-44.8	-42.0	-20.4	-61.2	-45.7	-25.7	-17.8	-15.5	-22.2	-7.4
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	33.4	33.6
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)	876.0	967.3	967.4	954.9	951.1	987.5	1,006.2	976.0	917.1	927.7	969.7	998.1

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	-20.5	46.8	-2.1	-22.3	-20.4	-15.4	-20.0	-7.9	-17.8	15.8	-15.1	-4.3
Depreciation of Fixed Assets and Investment Property	8.5	8.7	8.3	8.0	7.8	7.6	7.5	7.5	7.2	5.8	7.0	7.2
Provision (Increase)/Reversal	-2.7	11.8	-1.7	16.3	11.2	4.4	0.7	1.0	0.7	4.0	0.0	-1.0
FX Gain/Loss from Revaluation of Monetary Items	-0.2	0.6	-0.7	-0.4	0.3	-1.7	1.3	-1.0	0.5	-1.8	1.8	0.7
Gain/Loss from Investment Activities	-0.1	-52.7	-0.3	-0.1	-0.1	-0.1	-0.1	-0.9	-0.1	-26.6	-0.1	-0.0
Interest Expense	6.0	6.2	6.4	6.4	6.9	6.7	6.2	5.4	4.2	4.8	5.5	5.6
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	-8.9	21.3	10.0	7.9	5.6	1.4	-4.3	4.1	-5.3	2.0	-0.8	8.2
Increase/(Decrease) in Receivables	24.2	-36.8	12.6	7.4	0.1	-8.2	16.7	-49.5	-3.4	42.7	1.2	-8.8
Increase/(Decrease) in Inventory	52.2	70.5	-7.1	-18.7	11.3	39.5	0.3	-7.9	-25.9	-13.3	36.8	-11.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-107.7	-35.2	43.4	26.1	12.5	-10.4	17.5	38.1	-12.5	7.0	-22.0	-5.7
Increase/(Decrease) in Prepaid Expenses	5.6	33.9	-34.4	0.5	-0.4	1.3	0.5	3.1	2.9	11.4	-10.9	-0.5
Changes in Trading Securities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Paid	-5.7	-6.1	-6.4	-6.5	-7.1	-6.5	-6.3	-5.3	-4.2	-5.0	-5.6	-5.2
Corporate Income Tax Paid	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Operating Receipts	—	—	—	—	—	0.5	1.0	-0.6	0.6	-0.9	0.9	0.0
Other Operating Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	-0.1	4.9
Net Cash Flow from Operating Activities	-40.2	47.4	18.3	16.5	22.4	17.6	25.5	-18.1	-47.8	43.9	-0.5	-18.9
Payments for Fixed Assets and Other Long-term Assets	-0.4	-12.0	-0.6	-17.5	-8.4	-14.7	-45.8	-22.5	-10.3	-10.3	-8.8	-31.1
Proceeds from Disposal of Fixed Assets and Long-term Assets	—	24.6	—	0.0	—	0.0	0.0	0.7	0.0	0.1	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	—	-4.4	-0.0	11.8	—	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	-3.5	0.0	0.0
Proceeds from Investments in Other Entities	—	—	—	—	—	0.0	0.0	0.0	0.0	30.9	0.0	0.0
Dividends and Interest Income Received	0.1	0.5	0.3	0.1	0.1	0.1	0.1	0.2	0.1	0.2	0.1	0.0
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	-0.4	8.8	-0.4	-5.6	-8.3	-14.6	-45.8	-21.6	-10.2	17.5	-8.7	-31.1
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	224.2	156.3	205.6	211.9	174.0	228.4	221.8	232.5	205.1	162.0	195.7	217.1
Repayment of Borrowings	-178.3	-193.6	-223.3	-221.8	-202.7	-220.2	-190.8	-202.9	-184.0	-192.6	-189.5	-164.6
Repayment of Finance Leases	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Dividends Paid	—	—	—	—	—	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
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	45.9	-37.3	-17.6	-9.9	-28.7	8.2	31.1	29.6	21.1	-30.6	6.2	52.5
Net Cash Flow During the Period	5.4	18.9	0.3	1.0	-14.6	11.2	10.8	-10.1	-36.9	30.7	-3.0	2.5
Cash and Cash Equivalents at Beginning of Period	45.2	26.4	26.2	25.1	39.7	64.9	64.9	64.9	64.9	53.3	53.3	53.3
FX Difference from Revaluation	0.2	-0.0	0.0	0.0	0.0	0.0	0.0	-0.0	0.0	-0.2	0.2	-0.1
Cash and Cash Equivalents at End of Period	50.8	45.2	26.4	26.2	25.1	39.9	28.7	18.0	28.1	64.9	34.4	37.2

Explore Other Stocks In The Same Sector

VCS, VLB, HT1, MVC, THG, KSB, NNC, LBM, FIC, DHA, LIC, BMJ, HUB, VIT, MTA, TLD, SCL, PDB, CVT, MDG, CLH, RYG, QNC, BTS, CMD, HCC, S74, VHL, PCC, YBM, VCX, CCM, C32, BCC, GND, HOM, TRT, TLT, BTD, TNT, FCM, GMH, GMX, ACE, KHD, SCJ, VIH, CDG, CQT, BDT, YBC, AMC, SDY, KSQ, NHC, EME, TMX, TAB, XMD, TDF, DDB, DAC, MCC, HMR, TTC, NXT, DID, DIC, MIC, VIM, DXV, VTS, HPM, TXM, SCC, DCR, DKG, LMC, GKM, BHC, TTZ, X77, LQN, VHH, SPI, BTN, HLY, DGT, VTA, CMI, DTC, DND, ILA, CYC, LCC, PTE, HVX, BT6, DCT, CTA, KHL, PX1

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

TCR

What Is Changing

Drivers of TCR'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