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Quote from company filings for fiscal years ending December 31, 2024 and December 31, 2025. Unit: Dong. UPCoM: HSV.
Fully accepted. The financial statements for the year ending December 31, 2024 reflect honestly and fairly in material aspects, in accordance with accounting standards, Vietnam's corporate accounting regime and related legal regulations.
Report number: 250325.018/BCTC.KT7
Signed date: 25/03/2025
Fully accepted. The financial statements for the year ending December 31, 2025 were prepared on March 31, 2026, reflecting honestly and fairly in all material aspects.
Report number: 2605.01.02/2025/BCTC-NTV2
Signed date: 31/03/2026
2024 compared to 2023 in the original report; Column 2024 below is the audited number used as the beginning number of the 2025 report.
| Target | 2024 | 2025 |
|---|---|---|
| Revenue from sales and service provision | 918,600,210,086 | 1,616,078,015,150 |
| Revenue deductions | 0 | 38,464,300 |
| Net revenue | 918,600,210,086 | 1,616,039,550,850 |
| Cost of goods sold | 897,038,571,443 | 1,594,145,188,111 |
| Gross profit | 21,561,638,643 | 21,894,362,739 |
| Revenue from financial activities | 4,029,847,228 | 7,710,030,412 |
| Financial costs | 10,989,430,061 | 16,550,153,470 |
| In which: interest expenses | 10,535,812,265 | 16,550,153,470 |
| Sales expenses | 1,432,667,601 | 1,095,282,907 |
| Business management costs | 7,008,653,660 | 7,057,401,063 |
| Net profit from business activities | 6,160,734,549 | 4,901,555,711 |
| Other profits | -1,108,991,773 | 655,244,465 |
| Total accounting profit before tax | 5,051,742,776 | 5,556,800,176 |
| Current corporate income tax expenses | 1,036,974,955 | 1,139,758,136 |
| Profit after tax | 4,014,767,821 | 4,417,042,040 |
| Basic earnings per share (VND) | 255 | 280 |
| Target | 31/12/2024 | 31/12/2025 |
|---|---|---|
| Total assets | 403,877,343,119 | 577,005,958,551 |
| Short-term assets | 379,172,131,258 | 477,889,788,235 |
| Cash and cash equivalents | 33,802,962,537 | 48,768,979,508 |
| Short-term financial investment | 56,600,000,000 | 92,442,283,561 |
| Short-term receivables | 226,725,845,388 | 259,471,572,888 |
| Inventory | 61,821,877,501 | 77,072,927,126 |
| Long-term assets | 24,705,211,861 | 99,116,170,316 |
| Investment real estate | 0 | 36,900,000,000 |
| Invest in joint ventures and affiliated companies | 0 | 40,000,000,000 |
| Debt payable | 230,633,763,666 | 399,345,337,058 |
| Short-term financial lease loans and debt | 228,817,607,229 | 385,324,254,544 |
| Equity | 173,243,579,453 | 177,660,621,493 |
| Owner's capital contribution | 157,499,940,000 | 157,499,940,000 |
| Undistributed after-tax profits | 15,743,639,453 | 20,160,681,493 |
As of December 31, 2025, the charter capital according to the business registration certificate is 307,499,940,000 VND, while the actual contributed capital is 157,499,940,000 VND. The difference is realized after the balance sheet date.
The 2024 audit notes note 32: as of December 31, 2024, the company has not completed the capital increase according to Proposal No. 11/2024/TTr-HĐQT-HSV dated July 29, 2024 approved by the General Meeting of Shareholders. This matter does not change AASC's unqualified opinion.
Resolution of the 2025 Annual General Meeting of Shareholders No. 01/2025/NQ-DHĐCĐ-HSV dated May 12, 2025 approving the plan to offer private shares to increase charter capital. On March 3, 2026, the company completed the issuance of 15,000,000 shares, par value of 10,000 VND/share, equivalent to 150,000,000,000 VND. On March 18, 2026, Hanoi Department of Finance issued an additional certificate of business registration for the 19th change in charter capital.
