Income Statement - CTR 2020 2021

Net revenue 6359.0 7447.0

Cost of goods sold 5885.0 6819.0
Gross profit 475.0 628.0
Financial income 20.0 13.0
Financial expenses 3.0 7.0
General and Administrative expenses 148.0 161.0
Operating profit 344.0 473.0
Other profit 1.0 -1.0
Profit before tax 345.0 472.0
Net profit after tax (Taxes: 20.58%) 274.0 375.0
Profit after tax for shareholders of the parent
274.0 375.0
company
Balance Sheet - CTR 2020 2021
Current assets 3,061 3,013
Cash and cash equivalents 504 668
Short-term investments 100
Short-term receivables 1,840 1,610
Inventories 670 566
Other current assets 47 69
Non-current assets 817 951
Fixed assets 395 461
Investment properties 184 364
Long-term investments
Total assets 3,878 3,963
Liabilities 2,817 2,652
Short -term liabilities 2,800 2,488
Long-term liabilities 18 163
Owner's equity 1,061 1,312
Charter capital 718 929
Share premium 0 0
Retained earnings 304 397
Minority interest - -
Total owner's equity and liabilities 3,878 3,963
Ratios - CTR 2020 2021
Trailing EPS 4,253.51 4,542.66
Book value per share (BVPS) 14,778.98 14,116.02
P/E 16.41 19.28
P/B 4.72 6.21
Gross profit margin 7.46 8.43
Net profit margin 4.31 5.04
ROE 28.22 31.63
ROA 8.67 9.57
Short-term ratio 1.09 1.21
Interest coverage 0 74.34
Liabilities to assets 72.64 66.9
Debt to equity 4.46 13.73
Financial plan of years 2020 2021
Total revenue 6,000 6,600
Total profit before tax 254 351
Profit after tax 199 276
Unit: Billion dong
Reference: Vietstock
 % of Pro forma Pro forma Pro forma
2022
sales (EGR: 15%) (EGR: 25%) (EGR: 30%)
9370.0 100.0 10775.5 11712.5 12181.0
8654.0 92.4 9952.1 10817.5 11250.2
716.0 7.6 823.4 895.0 930.8
27.0 0.3 31.1 33.8 35.1
26.0 0.3 29.9 32.5 33.8
160.0 1.7 184.0 200.0 208.0
557.0 5.9 640.6 696.3 724.1
0.0 0.0 0.0 0.0 0.0
557.0 5.9 640.6 696.3 724.1
444.0 4.7 510.6 555.0 577.2
444.0 4.7 510.6 555.0 577.2
% of Pro forma Pro forma Pro forma
2022
sales (EGR: 15%) (EGR: 25%) (EGR: 30%)
5,022 54 5775.3 6277.5 6528.6
414 4 476.1 517.5 538.2
1,222 13 1405.3 1527.5 1588.6
2,399 26 2758.85 2998.75 3118.7
898 10 1032.7 1122.5 1167.4
89 1 102.35 111.25 115.7
1,043 11 1199.45 1303.75 1355.9
373 4 428.95 466.25 484.9
563 6 647.45 703.75 731.9

6,065 65 6974.75 7581.25 7884.5

4,439 47 5056.85 5468.75 5674.7
4,119 44 4736.85 5148.75 5354.7
320 3 320 320 320
1,626 17 1,620 1,620 1,620
1,144 12 1,144 1,144 1,144
0 0 0 0 0
476 5 476 476 476
-
6,065 65 6,677 7,089 7,295
2022
4,259.28
14,211.24
11.83
3.55
7.64
4.74
30.25
8.86
1.22
23.02
73.2
90.15
2022
8,586
518
414
 2021 2020
31-Dec 31-Dec
Total Revenue 7446888.03 6359187.33
Revenue 7446888.03 6359187.33
Other Revenue, Total - -
Cost of Revenue, Total 6818891.33 5884630.07
Gross Profit 627996.7 474557.26
Total Operating Expenses 6973972.3 6015195.49
Selling/General/Admin. Expenses,
153755.83 144698.14
Total
Research & Development - -
Depreciation / Amortization 6772.14 2845.64
Interest Expense (Income) - Net
-5446.99 -16978.36
Operating
Unusual Expense (Income) - -
Other Operating Expenses, Total - -
Operating Income 472915.72 343991.84
Interest Income (Expense), Net Non-
- -
Operating
Gain (Loss) on Sale of Assets 472.73 909.55
Other, Net -1815.21 202.29
Net Income Before Taxes 471573.24 345103.68
Provision for Income Taxes 96300 70929.3
Net Income After Taxes 375273.24 274174.38
Minority Interest -20.14 -11.78
Equity In Affiliates - -
U.S GAAP Adjustment - -
Net Income Before Extraordinary
375253.1 274162.6
Items
Total Extraordinary Items - -
Net Income 375253.1 274162.6
2021 2020
31-Dec 31-Dec
Total Current Assets 3012832.76 3060961.53
Cash and Short Term Investments 768144.41 504100.81
Cash 368144.41 204100.81
Cash & Equivalents 300000 300000
 Short Term Investments 100000 -
Total Receivables, Net 1524992.57 1745654.81
Accounts Receivables - Trade, Net 1071432.5 1148423.01
Total Inventory 565624.75 670361.36
Prepaid Expenses 154071.03 140844.55
Other Current Assets, Total - -
Total Assets 3963439.81 3879102.1
Property/Plant/Equipment, Total - Net 537736.17 593596.54

Property/Plant/Equipment, Total -
807678.13 760294.38
Gross
Accumulated Depreciation, Total -269941.96 -166697.83
Goodwill, Net - -
Intangibles, Net 26277.95 19112.01
Long Term Investments 363686.2 183615.71
Note Receivable - Long Term - -
Other Long Term Assets, Total 22906.73 21816.31
Other Assets, Total - -
Total Current Liabilities 2488417.43 2800688.65
Accounts Payable 405948.79 704251.57
Payable/Accrued - -
Accrued Expenses 1363125.23 1512369.16
Notes Payable/Short Term Debt - -
Current Port. of LT Debt/Capital
30579.71 29750
Leases
Other Current liabilities, Total 688763.71 554317.91
Total Liabilities 2651745.97 2818263.29
Total Long Term Debt 149539.87 17551.4
Long Term Debt 149539.87 17551.4
Capital Lease Obligations - -
Deferred Income Tax - -
Minority Interest 21.67 23.24
Other Liabilities, Total 13767 -
Total Equity 1311693.84 1060838.81
Redeemable Preferred Stock, Total - -
Preferred Stock - Non Redeemable,
- -
Net
 Common Stock, Total 929238.73 717818.28
Additional Paid-In Capital -15 -15
Retained Earnings (Accumulated
397022.93 303540.11
Deficit)
Treasury Stock - Common - -
ESOP Debt Guarantee - -
Unrealized Gain (Loss) - -
Other Equity, Total -14552.83 39495.42
Total Liabilities & Shareholders'
3963439.81 3879102.1
Equity
Total Common Shares Outstanding 92.92 92.93
Total Preferred Shares Outstanding - -
 2019 2018
31-Dec 31-Dec
5099889.98 4276731.19
5099889.98 4276731.19
- -
4795987.91 4017972.09
303902.07 258759.1
4877496.18 4105570.53
98443.35 102690.05
- -
2644.87 2002.61
-19579.94 -17094.23
-18433.66 -
-11224.65 -
222393.79 171160.66
- -
- -
17311.97 18500.47
239705.76 189661.13
50750.42 42703.26
188955.34 146957.86
-14.75 -48.74
- -
- -
188940.59 146909.12
- -
188940.59 146909.12
2019 2018
31-Dec 31-Dec
2130604.44 2258571.08
809012.08 423993.76
158433.01 73993.76
650579.07 350000
 - -
807981.32 1220936.94
603998.38 885787.39
360263.37 440495.15
153347.67 173145.23
- -
2443638.1 2320859.25
260044.01 26621.52

362462.28 90286.58
-105593.18 -63665.06
- -
18059 16687.62
- -
- -
34930.66 18979.03
- -
1576575.55 1545035.95
253475.05 470177.8
- -
1086508.58 891840.98
- -
- -
236591.93 183017.17
1576738.01 1545311.94
- -
- -
- -
- -
162.46 275.99
- -
866900.09 775547.31
- -
- -
606975.09 518350.43
- -
218704.93 219875.07
- -
- -
- -
41220.07 37321.81
2443638.1 2320859.25
91.15 70.41
- -