V Analysis V Analysis

Balance Sheet 2021 2022

CURRENT ASSETS 27,375,787,370,013 52.86% 31,047,872,934,405 46.24%
Cash and cash equivalents 1,868,273,468,458 3.61% 1,858,261,735,520 2.77%
Short-term investments 859,475,421,096 1.66% 687,775,421,096 1.02%
Short-term receivables 23,770,128,605,410 45.90% 26,928,983,183,585 40.10%
LONG-TERM ASSETS 24,408,991,156,547 47.14% 36,098,931,070,315 53.76%
Fixed assets 1,159,099,431,039 2.24% 5,827,316,201,964 8.68%
Long-term assets in
275,760,695,887 0.53% 534,135,391,286 0.80%
progress
Long-term investments 3,777,398,284,108 7.29% 149,417,024,400 0.22%
TOTAL ASSETS 51,784,778,526,560 100.00% 67,146,804,004,720 100.00%
LIABILITIES 34,909,978,249,799 67.41% 52,905,348,036,674 78.79%
Short-term liabilities 16,809,453,111,729 32.46% 30,822,468,393,678 45.90%
Long-term liabilities 18,100,525,138,070 34.95% 22,082,879,642,996 32.89%
OWNER'S EQUITY 16,874,800,276,761 32.59% 14,241,455,968,046 21.21%
Capital and reserves 16,874,800,276,761 32.59% 14,241,455,968,046 21.21%
Owners' capital 5,416,113,340,000 10.46% 5,416,113,340,000 8.07%
Share premium 247,483,117,899 0.48% 247,483,117,899 0.37%
Undistributed earnings 11,302,022,545,015 21.82% 9,109,576,131,129 13.57%
TOTAL RESOURCES 51,784,778,526,560 100.00% 67,146,804,004,720 100.00%
H Analysis H analysis ( %Difference ) V Analysis
( Difference ) 2023
3,672,085,564,392 13.41% 37,272,431,505,972 44.02%
(10,011,732,938) -0.54% 5,050,743,156,638 5.96%
(171,700,000,000) -19.98% 613,343,871,096 0.72%
3,158,854,578,175 13.29% 30,695,940,657,487 36.25%
11,689,939,913,768 47.89% 47,408,630,772,454 55.98%
4,668,216,770,925 402.75% 8,865,102,742,865 10.47%

258,374,695,399 93.70% 333,050,833,489 0.39%

(3,627,981,259,708) -96.04% 149,417,024,400 0.18%

15,362,025,478,160 29.67% 84,681,062,278,426 100.00%
17,995,369,786,875 51.55% 69,048,472,310,863 81.54%
14,013,015,281,949 83.36% 36,187,381,369,961 42.73%
3,982,354,504,926 22.00% 32,861,090,940,902 38.81%
(2,633,344,308,715) -15.61% 15,632,589,967,563 18.46%
(2,633,344,308,715) -15.61% 15,632,589,967,563 18.46%
- 0.00% 5,416,113,340,000 6.40%
- 0.00% 247,483,117,899 0.29%
(2,192,446,413,886) -19.40% 9,361,974,796,142 11.06%
15,362,025,478,160 29.67% 84,681,062,278,426 100.00%
H Analysis H Analysis ( %
( Difference ) Difference )
9,896,644,135,959 36.15%
3,182,469,688,180 170.34%
-246,131,550,000 -28.64%
6,925,812,052,077 29.14%
22,999,639,615,907 94.23%
7,706,003,311,826 664.83%

57,290,137,602 20.78%

-3,627,981,259,708 -96.04%
32,896,283,751,866 63.53%
34,138,494,061,064 97.79%
19,377,928,258,232 115.28%
14,760,565,802,832 81.55%
-1,242,210,309,198 -7.36%
-1,242,210,309,198 -7.36%
0 0.00%
0 0.00%
-1,940,047,748,873 -17.17%
32,896,283,751,866 63.53%
 31.12.2021
Column1 Column2 Column3
NOTE VND
ASSETS
CURRENT ASSETS 27,375,787,370,013 52.86%
Cash and cash equivalents 1,868,273,468,458 3.61%
Cash 983,304,817,181 1.90%
Cash equivalents 884,968,651,277 1.71%
Short-term investments 859,475,421,096 1.66%
Trading securities 990,000,000,000 1.91%
Provision for diminution in value of trading securitie -135,000,000,000 -0.26%
Investments held to maturity 4,475,421,096 0.01%
Short-term receivables 23,770,128,605,410 45.90%
Short-term trade accounts receivable 11,600,873,803,004 22.40%
Short-term prepayments to suppliers 653,240,344,019 1.26%
Short-term lending 0.00%
Other short-term receivables 11,516,014,458,387 22.24%
Inventories 811,247,030,655 1.57%
Inventories 811,247,030,655 1.57%
Other current assets 66,662,844,394 0.13%
Short-term prepaid expenses 16,306,514,271 0.03%
Value Added Tax to be reclaimed 50,356,330,123 0.10%
Tax and other receivables from the State Budget 0.00%
LONG-TERM ASSETS 24,408,991,156,547 47.14%
Long-term receivables 13,533,579,509,650 26.13%
Long-term trade accounts receivable 0.00%
Long-term prepayments to suppliers 0.00%
Long-term lending 789,648,322,692 1.52%
Other long-term receivables 12,743,931,186,958 24.61%
Fixed assets 1,159,099,431,039 2.24%
Tangible fixed assets 1,150,354,396,311 2.22%
Historical cost 1,511,188,985,876 2.92%
Accumulated depreciation -360,834,589,565 -0.70%
Finance lease fixed assets 0.00%
Historical cost 0.00%
Accumulated depreciation 0.00%
Intangible fixed asset 8,745,034,728 0.02%
Historical cost 39,927,046,228 0.08%
Accumulated amortization -31,182,011,500 -0.06%
Long-term assets in progress 275,760,695,887 0.53%
Construction in progress 275,760,695,887 0.53%
Long-term investments 3,777,398,284,108 7.29%
Investments in associates 42,270,859,708 0.08%
Investments in other entities 149,417,024,400 0.29%
Held-to-maturity investments 3,585,710,400,000 6.92%
Other long-term assets 5,663,153,235,863 10.94%
Long-term prepaid expenses 5,663,153,235,863 10.94%
Deferred income tax assets 0.00%
TOTAL ASSETS 51,784,778,526,560 100.00%
RESOURCES 0
LIABILITIES 34,909,978,249,799 67.41%
Short-term liabilities 16,809,453,111,729 32.46%
Short-term trade accounts payable 4,343,513,634,358 8.39%
Short-term advances from customers 657,181,421,427 1.27%
Tax and other payables to the State Budget 288,573,309,414 0.56%
Payable to employees 81,631,536,906 0.16%
Short-term accrued expenses 1,000,005,089,275 1.93%
Short-term unearned revenue 381,579,736,840 0.74%
Other short-term payables 611,921,025,986 1.18%
Short-term borrowings 7,253,739,906,166 14.01%
Provision for short-term liabilities 1,864,157,374,566 3.60%
Bonus and welfare funds 327,150,076,791 0.63%
Long-term liabilities 18,100,525,138,070 34.95%
Other long-term payables 50,852,726,178 0.10%
Long-term borrowings 8,206,571,926,768 15.85%
Deferred income tax liabilities 140,106,467,571 0.27%
OWNER'S EQUITY 16,874,800,276,761 32.59%
Capital and reserves 16,874,800,276,761 32.59%
Owners' capital 5,416,113,340,000 10.46%
- Ordinary shares with voting rights 0.00%
Share premium 247,483,117,899 0.48%
Treasury share capital 0.00%
Foreign exchange differences -110,730,393,251 -0.21%
Undistributed earnings 11,302,022,545,015 21.82%
- Undistributed post-tax profits of previous years 11,208,574,467,791 21.64%
- Post-tax profits/(post-tax loss) of current period/ye 93,448,077,224 0.18%
Non-controlling interests 19,911,667,098 0.04%
TOTAL RESOURCES 51,784,778,526,560 100.00%
31.12.2022 31.12.2023
Column4 Column5 Column52 Column6
VND VND

31,047,872,934,405 46.24% 113.41% 37,272,431,505,972

1,858,261,735,520 2.77% 99.46% 5,050,743,156,638
895,285,955,496 1.33% 91.05% 2,427,790,228,105
962,975,781,024 1.43% 108.81% 2,622,952,928,533
687,775,421,096 1.02% 80.02% 613,343,871,096
990,000,000,000 1.47% 100.00% 990,000,000,000
-490,000,000,000 -0.73% 362.96% -486,450,000,000
187,775,421,096 0.28% 4195.70% 109,793,871,096
26,928,983,183,585 40.10% 113.29% 30,695,940,657,487
14,253,407,756,176 21.23% 122.86% 10,721,700,030,917
2,064,286,286,755 3.07% 316.01% 1,958,751,910,473
657,000,000,000 0.98% 457,000,000,000
9,954,289,140,654 14.82% 86.44% 17,558,488,716,097
982,716,071,675 1.46% 121.14% 703,384,543,264
982,716,071,675 1.46% 121.14% 703,384,543,264
590,136,522,529 0.88% 885.26% 209,019,277,487
440,027,011,417 0.66% 2698.47% 139,380,803,142
150,109,511,112 0.22% 298.09% 9,006,655,475
0.00% 60,631,818,870
36,098,931,070,315 53.76% 147.89% 47,408,630,772,454
22,121,135,796,687 32.94% 163.45% 29,649,890,834,721
0.00% 3,930,010,008,679
1,132,635,253,054 1.69% 6,191,838,323,383
818,221,855,860 1.22% 103.62% 896,128,275,641
20,170,278,687,773 30.04% 158.27% 18,631,914,227,018
5,827,316,201,964 8.68% 502.75% 8,865,102,742,865
5,798,930,409,912 8.64% 504.10% 3,990,618,451,426
6,205,088,152,854 9.24% 410.61% 4,638,893,419,349
-406,157,742,942 -0.60% 112.56% -648,274,967,923
0.00% 4,827,184,101,340
0.00% 4,899,809,244,898
0.00% -72,625,143,558
28,385,792,052 0.04% 324.59% 47,300,190,099
61,941,976,858 0.09% 155.14% 88,711,024,773
-33,556,184,806 -0.05% 107.61% -41,410,834,674
534,135,391,286 0.80% 193.70% 333,050,833,489
534,135,391,286 0.80% 193.70% 333,050,833,489
149,417,024,400 0.22% 3.96% 149,417,024,400
0.00% 0.00%
149,417,024,400 0.22% 100.00% 149,417,024,400
0.00% 0.00%
7,466,926,655,978 11.12% 131.85% 8,411,169,336,979
7,228,154,288,804 10.76% 127.63% 8,256,558,289,835
238,772,367,174 0.36% 154,611,047,144
67,146,804,004,720 100.00% 129.67% 84,681,062,278,426
0
52,905,348,036,674 78.79% 151.55% 69,048,472,310,863
30,822,468,393,678 45.90% 183.36% 36,187,381,369,961
9,801,516,841,596 14.60% 225.66% 9,764,056,467,032
1,843,104,055,915 2.74% 280.46% 2,331,776,667,248
955,291,059,522 1.42% 331.04% 575,186,735,843
190,125,532,153 0.28% 232.91% 155,083,000,891
1,673,345,897,620 2.49% 167.33% 1,343,998,756,243
3,503,454,041,287 5.22% 918.14% 3,600,018,592,529
2,188,722,038,202 3.26% 357.68% 1,954,725,899,127
7,173,459,139,590 10.68% 98.89% 13,878,114,601,654
3,211,841,211,002 4.78% 172.29% 2,578,930,910,375
281,608,576,791 0.42% 86.08% 5,489,738,949
22,082,879,642,996 32.89% 122.00% 32,861,090,940,902
69,101,133,676 0.10% 135.88% 1,404,788,968
10,309,745,847,108 15.35% 125.63% 17,224,224,029,089
0.00% 0.00%
14,241,455,968,046 21.21% 84.39% 15,632,589,967,563
14,241,455,968,046 21.21% 84.39% 15,632,589,967,563
5,416,113,340,000 8.07% 100.00% 5,416,113,340,000
5,416,113,340,000 8.07% 5,416,113,340,000
247,483,117,899 0.37% 100.00% 247,483,117,899
0.00%
-552,152,454,149 -0.82% 498.65% 585,760,354,185
9,109,576,131,129 13.57% 80.60% 9,361,974,796,142
11,281,432,588,734 16.80% 100.65% 9,018,933,578,880
-2,171,856,457,605 -3.23% -2324.13% 343,041,217,262
20,435,833,167 0.03% 102.63% 21,258,359,337
67,146,804,004,720 100.00% 129.67% 84,681,062,278,426
Column7 Column8

44.02% 136.15%
5.96% 270.34%
2.87% 246.90%
3.10% 296.39%
0.72% 71.36%
1.17% 100.00%
-0.57% 360.33%
0.13% 2453.26%
36.25% 129.14%
12.66% 92.42%
2.31% 299.85%
0.54%
20.73% 152.47%
0.83% 86.70%
0.83% 86.70%
0.25% 313.55%
0.16% 854.76%
0.01% 17.89%
0.07%
55.98% 194.23%
35.01% 219.08%
4.64%
7.31%
1.06% 113.48%
22.00% 146.20%
10.47% 764.83%
4.71% 346.90%
5.48% 306.97%
-0.77% 179.66%
5.70%
5.79%
-0.09%
0.06% 540.88%
0.10% 222.18%
-0.05% 132.80%
0.39% 120.78%
0.39% 120.78%
0.18% 3.96%
0.00% 0.00%
0.18% 100.00%
0.00% 0.00%
9.93% 148.52%
9.75% 145.79%
0.18%
100.00% 163.53%
0
81.54% 197.79%
42.73% 215.28%
11.53% 224.80%
2.75% 354.81%
0.68% 199.32%
0.18% 189.98%
1.59% 134.40%
4.25% 943.45%
2.31% 319.44%
16.39% 191.32%
3.05% 138.34%
0.01% 1.68%
38.81% 181.55%
0.00% 2.76%
20.34% 209.88%
0.00% 0.00%
18.46% 92.64%
18.46% 92.64%
6.40% 100.00%
6.40%
0.29% 100.00%
0.00%
0.69% -529.00%
11.06% 82.83%
10.65% 80.46%
0.41% 367.09%
0.03% 106.76%
100.00% 163.53%
 V Analysis V Analysis

2021 2022
Note VND VND
Revenue from sales of goods and
100.0000% 39,342,331,391,411 100.00%
rendering of services 12,998,433,570,461
Net revenue from sales of goods
12,998,433,570,461 100.0000% 39,342,331,391,411 100.00%
and rendering of services
Cost of goods sold and services
14,951,629,831,766 115.0264% 41,509,237,739,246 105.51%
rendered
Gross profit/(loss) from sales of
-1,953,196,261,305 -15.0264% -2,166,906,347,835 -5.51%
goods and rendering of services
Financial income 3,920,047,929,433 30.1578% 2,481,565,002,058 6.31%
Financial expenses 798,184,197,579 6.1406% 2,732,699,430,380 6.95%
- Including: Interest expenses 799,143,695,832 6.1480% 1,359,767,921,102 3.46%
Selling expenses 607,756,237,934 4.6756% 938,025,328,460 2.38%
General and administrative
383,335,271,851 2.9491% 526,776,370,819 1.34%
expenses
Net operating profit/(loss) 177,575,960,764 1.3661% -3,882,842,475,436 -9.87%
Other income 16,629,964,449 0.1279% 2,102,389,899,508 5.34%
Other expenses 7,778,986,800 0.0598% 38,166,043,485 0.10%
Net other income 8,850,977,649 0.0681% 2,064,223,856,023 5.25%
Net accounting profit/(loss)
186,426,938,413 1.4342% -1,818,618,619,413 -4.62%
before tax
Business income tax - current 13,895,982,395 0.1069% -746,003,110,740 -1.90%
Business income tax-deferred 72,281,692,428 0.5561% 393,289,438,617 1.00%
Net profit/(loss) after tax 100,249,263,590 0.7712% -2,171,332,291,536 -5.52%
Attributable to:
Owners of the parent company 95,174,863,511 0.7322% -2,171,856,457,605 -5.52%
Non-controlling interests 5,074,400,079 0.0390% 524,166,069 0.00%
Net income 100,175,079,283 0.7707% -2,171,856,457,605 -5.52%
Basic earnings/(losses) per share 177 0.0000% -4,010 0.00%
Diluted earnings/(losses) per
177 0.0000% -4,010 0.00%
share
 H Analysis H Analysis ( % H Analysis
V Analysis
( Difference ) Difference ) ( Difference )
2023
VND

26,343,897,820,950 202.67% 62,534,861,293,754 100.00% 49,536,427,723,293

26,343,897,820,950 202.67% 62,534,861,293,754 100.00% 49,536,427,723,293

26,557,607,907,480 177.62% 59,617,691,072,096 95.34% 44,666,061,240,330

-213,710,086,530 10.94% 2,917,170,221,658 4.66% 4,870,366,482,963

-1,438,482,927,375 -36.70% 3,730,472,663,640 5.97% -189,575,265,793

1,934,515,232,801 242.36% 3,050,694,872,847 4.88% 2,252,510,675,268
560,624,225,270 70.15% 1,872,850,540,738 2.99% 1,073,706,844,906
330,269,090,526 54.34% 2,218,110,989,715 3.55% 1,610,354,751,781

143,441,098,968 37.42% 1,129,227,167,646 1.81% 745,891,895,795

-4,060,418,436,200 -2286.58% 249,609,855,090 0.40% 72,033,894,326

2,085,759,935,059 12542.18% 525,821,657,483 0.84% 509,191,693,034
30,387,056,685 390.63% 53,321,650,513 0.09% 45,542,663,713
2,055,372,878,374 23221.99% 472,500,006,970 0.76% 463,649,029,321

-2,005,045,557,826 -1075.51% 722,109,862,060 1.15% 535,682,923,647

-759,899,093,135 -5468.48% 128,586,617,982 0.21% 114,690,635,587

321,007,746,189 444.11% 249,659,500,646 0.40% 177,377,808,218
-2,271,581,555,126 -2265.93% 343,863,743,432 0.55% 243,614,479,842

-2,267,031,321,116 -2381.96% 343,041,217,262 0.55% 247,866,353,751

-4,550,234,010 -89.67% 822,526,170 0.00% -4,251,873,909
-2,272,031,536,888 -2268.06% 343,041,217,262 0.55% 242,866,137,979
-4,187 -2365.54% 633 0.00% 456
-4,187 -2365.54% 633 0.00% 456
H Analysis ( %
Difference )

381.10%

381.10%

298.74%

-249.35%

-4.84%
282.20%
134.36%
264.97%

194.58%

40.57%
3061.89%
585.46%
5238.39%

287.34%

825.35%
245.40%
243.01%

260.43%
-83.79%
242.44%
257.63%
257.63%