Hai Phong Electricity Water Machine Assembly reports significant profit growth

Hai Phong Electricity Water Machine Assembly Joint Stock Company reported a net profit after tax of VND 18.7 billion for the third quarter of 2025, marking a 30% increase, or VND 4.3 billion, compared to the same period in 2024. This growth is primarily attributed to a 26% rise in revenue, which increased by VND 73.5 billion. Concurrently, the cost of goods sold also saw a 26% increase, reaching VND 68.8 billion.

The company's total assets for Q3 2025 stood at VND 259,192,695,991, up from VND 202,740,929,726 at the beginning of the year. Short-term assets increased to VND 167,159,693,629 from VND 113,460,963,189. Cash and cash equivalents experienced significant growth, reaching VND 49,948,696,780, compared to VND 20,631,732,678 at the start of the year.

The company's liabilities also increased, with total liabilities reaching VND 102,666,372,498, up from VND 69,478,793,392. Owners' equity grew to VND 156,526,323,493 from VND 133,262,136,334. The company affirmed that no other information affected its Q3 2025 financial statements and took full responsibility for the accuracy of the disclosed information.