Vingroup Corporation (stock code: VIC) has just announced its consolidated financial report for the second quarter of 2025 with net revenue reaching VND 46,312 billion, up 9.4% over the same period. Profit after tax reached VND 2,265 billion, 3.1 times higher than the second quarter of 2024.
In the first half of this year, the company recorded a net revenue of nearly VND 130,366 billion, double that of the first half of 2024. After deducting expenses, Vingroup's consolidated profit after tax in the first half of this year reached VND 4,509 billion, 2.2 times higher than the same period last year.
Thus, this group recorded an average daily net revenue of VND720.2 billion and an average after-tax profit of nearly VND25 billion.
In the explanatory section, the company provided more details on the sources of net revenue recorded during the period. Accordingly, the group's revenue from production activities in the second quarter of 2025 reached nearly VND 17,243 billion, 2.2 times higher than the same period in 2025. Vingroup's production activities focus on the production of electric cars and electric motorbikes.
In terms of structure, manufacturing activities accounted for about 37.2% of the total net revenue structure last quarter. In the same period last year, this sector accounted for 18.9% of the group's net revenue.
Vingroup's real estate transfer revenue in the second quarter was VND15,208 billion, down about 29.5%. This business activity accounted for 32.8% of net revenue in the last quarter. In the same period last year, this activity contributed nearly 51% of Vingroup's total net revenue in the second quarter of 2024.
In addition to the two main business activities mentioned above, Vingroup also recorded net revenue from providing hotel and tourism services of about VND 2,783 billion, VND 1,374 billion from educational activities, and VND 1,324 billion from providing hospital services in the second quarter of 2025.
In the first 6 months of the year, Vingroup's net revenue from real estate transfer business activities recorded more than VND70,483 billion. Net revenue from production activities and other related services was VND33,003 billion.
Vingroup's net revenue structure in the first half of 2025 (Photo: Financial Statements).
As of June 30, total assets reached VND964,439 billion, up 15% compared to the beginning of the year. In terms of structure, the company's short-term assets recorded more than VND528,475 billion, accounting for 54.8% of total assets and up 33.2% compared to the beginning of the year. The largest proportion of short-term assets is receivables (nearly VND253,685 billion) and inventories (nearly VND137,090 billion).
Vingroup's long-term assets reached over VND435,963 billion, accounting for 45.2% of total assets. Most of the company's long-term assets are concentrated in fixed assets (nearly VND185,020 billion) and long-term unfinished assets (over VND125,710 billion).
At the 2025 annual general meeting of shareholders in April, Mr. Pham Nhat Vuong, Chairman of Vingroup's Board of Directors, said that the company has three main business pillars including technology - industry, trade and services, and social charity. Mr. Vuong said that in the near future, Vingroup will expand two more pillars including infrastructure and energy.
The group aims to achieve 300,000 billion VND in annual revenue and 10,000 billion VND in after-tax profit. The financial report shows that after-tax profit in the first half of the year has reached 45.09% of the set target.
Source: https://dantri.com.vn/kinh-doanh/tap-doan-cua-ty-phu-pham-nhat-vuong-lai-gan-25-ty-dong-moi-ngay-nua-dau-nam-20250801100643262.htm
Comment (0)