AAV

HNXReal Estate & Construction

AAV Group Joint Stock Company

Original Name: Công ty Cổ phần AAV Group

Reference Price6.800 ₫

Interactive Stock Chart

Exchange Ticker: HNX:AAV

Listing Information

Exchange MarketHNX

Live SectorReal Estate

First Trading Date25/06/2018

First Close Price₫15,800

Capital Structure

Charter Capital689.88 Billion VND

Listed Shares68,987,661

Outstanding Shares68,987,661

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2024	Kiểm toán và Dịch vụ Tin học MOORE AISC Co., Ltd.
2023	Kiểm toán TTP Co., Ltd.
2022	Kiểm toán TTP Co., Ltd.
2021	Kiểm toán TTP Co., Ltd.
2020	Kiểm toán và Định giá Vietnam Co., Ltd.
2019	Kiểm toán TTP Co., Ltd.
2018	Kiểm toán TTP Co., Ltd.
2017	Hãng Kiểm toán AASC Co., Ltd.

IPO & Listing Consultant

Securities VNDIRECT JSCListing Ticker Symbol: VND

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

AAV Group Joint Stock Company was established under Business Registration Certificate No. 0800819038 issued for the first time by the Department of Planning and Investment of Hai Duong province on April 12, 2010 on the basis of separation from Viet Tien Son Joint Stock Company with actual charter capital of 10 billion VND, operating in the field of investment and real estate business specializing in Hai Duong province.
On July 20, 2010, Viet Tien Son Real Estate Joint Stock Company established a Real Estate Trading Floor in Chi Linh town; and after nearly 1 year, on March 14, 2011, the Company established a second Real Estate Trading Floor in Hai Duong city. These are also the first two real estate trading floors in Hai Duong province. The establishment of the Real Estate Exchange is the Company's orientation towards professionalization and commitment to serving customers in the field of investment and real estate service business.
On April 29, 2011, Hai Duong Provincial People's Committee issued investment certificate No. 04121000543 assigning Viet Tien Son Real Estate Joint Stock Company to implement the project "Investment and construction of residential area east of Yet Kieu street, Chi Linh town" with an area of 144,780 m2, Adjusted Investment Certificate dated July 10, 2013 with project implementation area: 199,559.08 m2.
On October 17, 2011, Hai Duong Provincial People's Committee issued investment certificate No. 04121000594, the first change on December 1, 2013 assigned to Hong Hung Joint Stock Company (Subsidiary of Viet Tien Son Dia Joint Stock Company Oc) is the investor implementing the project "Apartment and housing complex in Viet Hoa ward, Hai Duong city" with a total project area of 63,466 m2.
On December 31, 2012, Viet Tien Son Dia Oc invested in building a new headquarters in the residential area east of Yet Kieu street, Cong Hoa ward, Chi Linh town, Hai Duong province with a total investment of 19.2 billion VND. This is also the Company's headquarters up to the present time.
On March 25, 2013, Hai Duong Province People's Committee issued investment certificate number 04121000663 assigning Viet Tien Son - Thang Long Joint Venture to implement the project "Investment in construction of urban residential cluster next to Au Co ecological area, Nguyen Huu Cau street, Hai Duong city", The joint venture representative is Viet Tien Son Real Estate Joint Stock Company.
On July 16, 2013, Viet Tien Son Dia Oc continued to establish a Travel and Tourism Center with the goal of diversifying the business field and expanding the scale of the Company's operations, not only in the field of real estate.
On March 24, 2014, the People's Committee of Hai Duong province issued document No. 422/UBND-VP on designating Viet Tien Son Dia Oc Joint Stock Company as the investor to implement the "Con Son Resort" project with a scale of 90.68 hectares; On February 13, 2018, the People's Committee of Hai Duong province issued Decision No. 695/QD-UBND on approving investment in Con Son Resort Project, Cong Hoa ward, Chi Linh town.
On March 20, 2017, the Company established a Hanoi branch, located at 19 Ba Trieu, Trang Tien Ward, Hoan Kiem District, Hanoi City to expand commercial business activities and introduce the Company's future real estate products to investors in Hanoi. Noi.
On May 17, 2017, Viet Tien Son Real Estate Joint Stock Company was approved by the State Securities Commission as a public company in Official Dispatch No. 2756/UBCK-GSĐC.

Business Sectors:

Real estate business, land use rights belonging to the owner, user or tenant. Details: Real estate business; Transactions, sales, transfers, leases, purchases and real estate brokerage
Short-term accommodation service. Details: Hotel service business
Wholesale of materials and other installation equipment in construction
Restaurants and mobile food services
Construction of railway and road works. Details: Construction of traffic works
Construction of other civil engineering works. Details: Construction of industrial, civil, irrigation, infrastructure projects
Food wholesale.
Consulting, brokerage, real estate auction, land use rights auction. Details: Real estate valuation; Real estate consulting; Real estate auction; Real estate advertising; Real Estate Management
Management consulting activities. Details: Consulting on investment project planning
Related architectural and technical consulting activities
Travel agency. Details: Travel service business
Tour operation

Address: AAV Group Building, Residential Area East of Yet Kieu Street, Tran Hung Dao Ward, Hai Phong City

Phone: (84 - 22) 0626 6066 Fax: (84 - 22) 0626 6373

Disclosure Officer:

Email: [email protected]

Website: http://aavgroup.com.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫51	-₫251	-₫228	-₫304
Price-to-Earnings (P/E)	133.41x	-	-	-
Book Value Per Share (BVPS)	₫11,728	₫11,305	₫11,107	₫10,797
Price-to-Book (P/B)	0.58x	0.60x	0.61x	0.63x
Return on Equity (ROE)	0.43%	-2.22%	-2.06%	-2.82%
Return on Assets (ROA)	0.33%	-1.89%	-1.69%	-1.47%
Net Profit Margin	0.71%	-23.70%	-40.94%	-6.59%
Debt-to-Equity Ratio	0.33	0.18	0.22	0.91
Current Ratio	3.42	7.65	4.97	0.75

Audited Financial Statements

Source: KB Securities (KBS) Datafeed • Updated dynamically

Show absolute values (VND)

Doanh thu thuần về bán hàng và cung cấp dịch vụNet revenue

-35.9% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

-696.8% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+32.0% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	318,416,811,000	38,485,998,000	73,112,404,000	496,455,980,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	318,416,811,000	38,485,998,000	73,112,404,000	496,455,980,000
4. Giá vốn hàng bán 4. Cost of goods sold	307,204,881,000	38,578,415,000	69,897,909,000	456,507,817,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	11,211,930,000	-92,417,000	3,214,495,000	39,948,164,000
6. Lãi/Lỗ của hoạt động bán, thanh lý bất động sản đầu tư6. Gain/(Loss) on disposal of investment property	-	-	-	-
7. Doanh thu hoạt động tài chính 7. Financial income	35,960,235,000	4,098,280,000	3,119,984,000	1,946,086,000
8. Chi phí tài chính 8. Financial expenses	1,855,285,000	312,376,000	5,264,603,000	6,675,070,000
Trong đó: Chi phí đi vay Of which: Interest expense	1,855,285,000	312,376,000	5,264,449,000	6,675,070,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-	37,362,000	-	-
9. Chi phí bán hàng 9. Selling expenses	4,081,200,000	741,786,000	1,226,761,000	1,718,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	17,499,714,000	16,137,813,000	17,718,007,000	28,273,788,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	23,735,965,000	-13,148,750,000	-17,874,892,000	6,943,673,000
12. Thu nhập khác 12. Other income	1,002,226,000	26,564,000	13,636,364,000	18,000
13. Chi phí khác 13. Other expenses	47,146,934,000	394,416,000	12,813,165,000	11,589,000
14. Lợi nhuận khác14. Other profit	-46,144,708,000	-367,853,000	823,199,000	-11,571,000
Phần lợi nhuận/lỗ từ công ty liên kết liên doanhShare of associates and joint ventures' result	-	-	-	-
15. Tổng lợi nhuận kế toán trước thuế15. Profit before tax	-22,408,743,000	-13,516,603,000	-17,051,693,000	6,932,102,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	816,046,000	-	276,387,000	3,415,646,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-2,238,961,000	2,238,961,000	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	-20,985,828,000	-15,755,564,000	-17,328,079,000	3,516,456,000
Lợi ích của cổ đông thiểu sốMinority Interest	484,985,000	-75,493,000	-391,372,000	2,008,483,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	-21,470,814,000	-15,680,071,000	-16,936,707,000	1,507,973,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	-311	-227	-252	22
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	-	-	-	-

Data Source & Disclaimer

Data Source: Financial statement data is automatically aggregated from official disclosure feeds of listed companies through the analysis system of KB Securities Vietnam JSC (KB Securities).

Disclaimer: All financial data displayed on this website is provided for general reference purposes only. We make every effort to update accurate data but do not provide any warranty regarding its completeness or absolute reliability. The displayed figures do not constitute investment advice or an offer to trade securities. Users assume all risks and responsibilities for any financial decisions made based on the data on this website.

AAV

AAV Group Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Professional Advisors & Auditors

Independent Auditing History

IPO & Listing Consultant

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

AAV — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality