BALANCE SHEET

2023A 2022A 2021A 2020A 2019A 2018A 2017A 2016A

Current assets 62,217.75 55,651.70 51,394.72 39,472.23 41,815.00 40,932.00 38,256.96 33,202.95
Cash & Equivalent Cash 5,668.90 10,549.34 5,300.33 5,237.25 4,475.89 6,705.00 13,502.00 13,537.56
Short-term investment 35,084.64 23,726.50 24,799.83 21,613.24 24,915.00 21,602.00 13,577.35 5,898.45
Accounts Receivable 16,865.00 16,191.00 16,920.19 10,239.20 10,358.80 10,213.71 9,174.88 11,878.38
Customers receivable 12,541.00 9,210.00 10,598.39 5,579.80 4,683.94 4,638.18 4,939.92 5,689.79
Inventories 3,944.54 4,102.44 3,241.22 1,662.57 1,574.70 1,948.26 1,645.38 1,291.23
Inventories 4,069.87 4,185.33 3,324.68 1,729.15 1,645.29 2,018.16 1,737.55 1,379.60
Excess account 125.33 82.89 (83.46) (66.57) (70.59) (69.90) (92.18) (88.37)
Other short-term assets 654.35 1,082.30 1,011.38 609.33 491.01 4,611.94 357.33 597.33
Other advanced fees 60.53 83.67 70.50 57.56 89.08 103.52 83.90 84.19

Non-current assets 25,536.00 27,010.94 27,373.35 23,736.17 20,363.39 21,682.41 23,632.39 23,550.91
Long-term receivable 318.10 168.69 187.72 162.06 127.88 216.83 188.77 134.96
Advanced paid from cus. 75.49 76.33 70.34 73.91 127.88 216.83 62.32 64.11
Other long receivable 242.61 92.36 117.38 88.15 48.66 149.27 126.45 70.85
Tangible assets 19,532.14 16,369.00 18,098.27 19,773.60 15,849.87 18,609.21 15,395.00 17,203.07
PP&E Net 19,144.91 15,975.94 17,688.04 19,335.00 15,437.77 18,149.00 14,924.79 16,745.72
PP&E Gross 63,430.84 57,307.44 56,069.46 54,739.22 48,513.60 50,029.68 44,056.00 43,276.00
Acummulated Dep (43,898.70) (40,938.44) (37,971.19) (34,965.62) (32,663.73) (31,420.47) (28,661.00) (26,072.93)
Intangible assets 387.23 393.73 410.23 438.50 412.00 440.18 433.98 400.12
Gross intangible assets 645.74 620.15 588.23 585.23 539.70 550.73 521.37 469.21
AD (258.51) (226.42) (178.01) (146.74) (127.70) (110.55) (87.39) (69.09)
Real estate investment 31.73 36.27 21.93 22.36 23.19 24.01 24.84 24.52
Unfinshed project assets 1,780.81 5,978.10 4,871.05 2,302.96 3,020.87 1,235.20 6,571.78 4,738.57
Long-term investment 398.01 405.53 400.16 379.19 404.69 63.02 92.63 144.21
Other long-term investment 398.01 405.53 3,794.21 1,096.00 936.88 1,534.00 1,358.83 1,305.58
Other advanced paid 3,476.91 4,052.69 3,744.29 1,022.00 823.19 13,254.49 1,077.00 950.00
Total Assets 87,753.75 82,662.64 78,768.07 63,208.40 62,178.39 62,614.41 61,889.34 56,753.85

Short-term liabilities 14,971.95 12,487.96 16,561.26 9,748.78 9,964.44 11,846.61 10,911.81 9,182.56
Short-term payables 7,137.96 6,652.09 6,630.92 2,676.59 1,913.89 2,663.84 2,324.81 2,443.69
Advanced paid from buyers 119.15 128.10 104.82 228.09 202.84 237.51 204.40 86.39
Note-paybales 1,604.78 45.00 484.74 1,017.47 1,340.57 1,489.87 1,737.70 1,180.39
Other short-term payable 624.74 836.43 1,470.76 749.21 1,029.00 658.39 676.95 863.18

Non-current short-term payable 7,483.89 9,001.13 10,014.08 3,959.94 2,599.82 3,900.68 7,706.02 6,727.45
Long-term loans 4,270.50 6,037.96 7,510.12 1,963.87 1,455.93 3,395.74 7,311.94 6,365.83
Other long-term paybles 156.07 140.71 114.05 93.02 86.94 247.14 208.27 185.99

Equity 65,298.62 61,173.56 52,192.73 49,499.68 49,614.53 46,867.13 43,271.51 40,843.85

Total liabilities and 87,754.45 82,662.65 78,768.07 63,208.40 62,178.79 62,614.42 61,889.34 56,753.85
shareholders' equity

Income Statement
2023A 2022A 2021A 2020A 2019A 2018A 2017A 2016A
Net revenue 89,953.91 100,723.55 78,992.16 64,134.96 75,005.30 75,611.55 64,522.00 59,076.00
Cost of sales 73,028.99 79,409.01 65,006.50 52,728.95 58,086.00 58,120.00 49,359.54 47,521.23
Gross profit 16,924.92 21,314.54 13,985.66 11,406.01 16,919.30 17,491.55 15,162.46 11,554.77
Financial income 2,272.92 1,568.07 1,186.81 1,451.12 1,664.55 1,476.55 1,272.00 1,136.00
Financial fees 586.71 671.40 402.75 169.13 240.94 616.62 429.58 494.20
Interest expense 339.98 336.86 304.14 101.22 197.61 440.02 280.10 359.76
Consolidated incomes 26.73 31.82 15.05 (11.35) (0.50) (3.57) (0.87) 0.37
SG&A expenses 4,018.73 3,514.39 3,611.65 2,712.20 3,269.64 3,766.61 3,535.41 3,095.68
Operating profit 14,619.12 18,728.64 11,173.12 9,964.44 15,072.77 14,581.30 12,468.59 9,101.26
Other income 33.55 111.97 83.10 50.45 16.10 39.09 163.30 62.48
Other fees 13.13 33.58 51.22 36.82 19.92 80.23 44.29 11.77
EBT 14,639.54 18,807.03 11,205.00 9,978.07 15,068.96 14,540.15 12,587.60 9,151.97
Taxes 2,812.60 3,709.95 2,304.28 2,037.32 2,967.38 2,778.44 2,618.78 1,932.84
Deferred taxes 33.85 29.93 48.91 (31.05) 15.23 52.92 31.47 46.99
Net income 11,793.10 15,067.15 8,851.82 7,971.80 12,086.35 11,708.80 9,937.36 7,172.14

Rawmaterials/ GAS/ LyAnhQuan Page 1 of 2 10/8/2024 7:55 AM

 CASH FLOW STATEMENT
2023A 2022A 2021A 2020A 2019A 2018A 2017A 2016A
Cash flow from Operation
EBT 14,619.12 18,728.64 11,173.12 9,964.44 15,072.77 14,581.30 12,468.59 9,101.26
Adjustable for items
Dep. Expense 3,026.92 3,022.95 3,073.27 2,554.10 2,691.35 2,828.50 2,713.29 3,308.87
Excess spread account 366.19 446.08 738.51 933.52 836.35 23.99 98.85 0.00
Loss/ Gain from foreign. Ex 96.27 73.30 (128.14) 18.57 (17.22) 106.17 (23.44) 79.72
Loss/ gain from trading (2,073.00) (1,335.90) (1,108.89) (1,316.21) (1,584.78) (1,400.88) 1,224.54 (1,073.07)
Interest expense 339.98 336.86 304.14 101.22 197.61 440.02 280.10 359.76
Operating income before 16,375.48 21,271.94 14,052.00 12,255.64 17,196.08 16,579.10 16,761.93 11,776.54
changing in WC
(Incre)/Decrese AR (550.00) 782.28 (7,153.00) (960.72) (702.16) (1,147.99) 2,711.91 (4,246.79)
Decre/(Incre) from inventory 115.46 (860.66) (1,612.42) (83.86) 277.06 (280.60) (357.95) (75.21)
Incre/(Decre) AP 1,159.36 (3,677.89) 7,800.92 (192.16) (401.10) 1,525.69 951.12 (527.34)
Decre/(Incre) advanded fees 585.20 (266.89) (2,740.31) (168.11) (142.27) (266.85) (146.97) (13.94)
Intere. Ex paid (505.23) (537.12) (262.44) (95.44) (275.51) (447.00) (301.82) (310.34)
Taxes paid (3,134.15) (3,451.71) (2,274.97) (2,090.39) (2,853.00) (3,112.74) (2,399.00) (1,503.00)
Other cash payment from Ope (238.89) (545.60) (246.66) (1,348.19) (413.68) (390.00) (516.00) (230.00)
CFO 13,807.23 12,714.34 7,563.13 7,316.78 12,685.43 12,459.61 16,703.22 4,869.92

Cash flow from Investing

Fixed Capital Investment (1,841.34) (2,009.67) (4,747.17) (4,173.69) (2,690.31) (692.46) (2,179.63) (3,230.00)
Gain/ loss from sales proceed 0.07 0.57 180.67 26.79 1.48 19.26 17.30 0.73
Depositing as investing (50,078.00) (40,741.76) (41,510.00) (29,153.00) (37,350.00) (18,707.00) (15,003.00) (2,572.45)
Withdrawing from depositing 38,720.00 41,815.00 38,324.00 31,865.00 34,030.00 10,681.90 7,325.00 2,783.00
Interest received/ divid paid 1,950.00 1,200.00 998.00 1,534.47 1,470.28 1,358.37 1,125.27 1,089.43
CFI (11,249.28) 264.14 (6,754.51) 99.57 (4,538.56) (7,339.93) (8,715.06) (1,929.30)

Cash flow from Financing

Issuing equity/ Buyback - 118.35 - - - 60.95 - 0.38
Interest received 2,075.75 1,325.38 6,246.93 2,201.82 2,344.15 2,524.75 10,466.00 7,529.33
Debt payment of principle (2,419.00) (3,370.68) (1,156.32) (2,020.00) (4,294.38) (6,822.15) (8,910.74) (6,101.91)
Dividend payment (7,119.78) (5,882.31) (5,864.00) (6,850.00) (8,229.99) (7,655.80) (7,264.56) (8,999.00)
CFF (7,463.04) (7,809.26) (773.39) (6,668.18) (10,180.21) (11,892.25) (5,709.30) (7,571.21)

Net cash flow during a year (4,905.08) 5,169.22 35.23 748.17 (2,033.34) (6,772.57) 2,278.86 (4,630.58)

Net working capital 43,181.69 32,659.40 30,017.87 25,503.67 28,715.24 23,870.26 15,580.84 11,663.22
Delta Working Capital 10,522.29 2,641.53 4,514.20 (3,211.57) 4,844.99 8,289.41 3,917.63
Finv 6,129.23 1,255.14 1,358.62 6,199.12 (1,467.98) 5,983.68 767.14 42,818.65
Interest expense * (T-25%) 254.98 252.65 228.10 75.91 148.21 330.01 210.07 269.82
Noncash charges 3,026.92 3,022.95 3,073.27 2,554.10 2,691.35 2,828.50 2,713.29 3,308.87
Net income 11,793.10 15,067.15 8,851.82 7,971.80 12,086.35 11,708.80 9,937.36 7,172.14
Net Borrowing 11,868.25 13,108.34 8,941.26 3,096.70 4,702.37 10,459.85 14,235.07 7,546.21
FCFE 10,036.74 27,301.77 14,993.53 10,635.04 16,103.06 10,724.05 22,200.95 (24,791.42)
FCFF (1,576.52) 14,446.08 6,280.37 7,614.25 11,548.89 594.22 8,175.95 (32,067.82)

Rawmaterials/ GAS/ LyAnhQuan Page 2 of 2 10/8/2024 7:55 AM