DSH

UPCOMOther Sector

Investment Hạ tầng Đông Sơn Joint Stock Company

Original Name: Công ty cổ phần Đầu tư Hạ tầng Đông Sơn

Reference Price15.800 ₫

Interactive Stock Chart

Exchange Ticker: UPCOM:DSH

Listing Information

Exchange MarketUPCOM

Live SectorConstruction & Materials

First Trading Date22/04/2025

First Close Price-

Capital Structure

Charter Capital100 Billion VND

Listed Shares10,000,000

Outstanding Shares10,000,000

Treasury Shares-

Detailed Corporate Timeline & Sectors

On October 21, 2016, the Ministry of National Defense issued document No. 10430/BQP-KTe agreeing for Corporation 319 to divest capital from Investment and Trade Joint Stock Company 319 from 51% to 15%. Implementing the above document, the Company has carried out procedures to divest State capital according to regulations.

On October 31, 2019, 319 Investment and Trading Joint Stock Company changed its name to Dong Son Infrastructure Investment Joint Stock Company (according to the 10th change of joint stock company business registration certificate dated October 31, 2019 issued by Hanoi Department of Planning and Investment).

Over 15 years of establishment and operation, the Company has overcome many difficulties and challenges, gradually affirming its development, building reputation and brand in the market. As a military enterprise, under the leadership and direction of the Ministry of National Defense, leaders of Corporation 319; receive help and conditions from the Party and local people's governments; Departments, committees and branches inside and outside the Army, Dong Son Infrastructure Investment Joint Stock Company always excellently completes assigned tasks, is a unit with solid development, highly effective business, and builds a strong unit for comprehensive development. The company has participated in the construction and completion of many civil and industrial construction projects; Large-scale transportation, irrigation, and infrastructure projects with complex technical requirements nationwide. All projects constructed by the Company ensure safety, quality and progress, and are highly appreciated by the Investor and related parties. The company has also participated in investing in a number of BOT traffic projects with a large total investment and has put the projects into operation and recovered capital to ensure compliance with the proposed plan.

Inheriting the tradition of a military enterprise, Dong Son Infrastructure Investment Joint Stock Company always focuses on perfecting the organization, building a team of advanced managers and workers, applying modern technology, regularly innovating equipment and machinery, improving management - operating capacity, ready to receive and complete all assigned tasks.

Address: No. 2 - Nguyen Thi Due Street - Yen Hoa Ward - Cau Giay District - City. Hanoi

Phone: (84-24) 3556 7799

Disclosure Officer:

Email: [email protected]

Ratio / Financial Indicator	2023	2024	2025
Earnings Per Share (EPS)	₫3,783	₫5,303	₫21,390
Price-to-Earnings (P/E)	4.18x	2.98x	0.74x
Book Value Per Share (BVPS)	₫17,780	₫23,083	₫113,913
Price-to-Book (P/B)	0.89x	0.68x	0.14x
Return on Equity (ROE)	21.27%	22.97%	18.78%
Return on Assets (ROA)	5.30%	7.62%	6.72%
Net Profit Margin	9.45%	8.43%	50.69%
Debt-to-Equity Ratio	3.01	2.01	1.80
Current Ratio	1.35	1.15	1.01

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

+5.4% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+465.5% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+346.2% YoY

Financial Indicator (VND)	2025	2024	2023
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	421,988,764,000	629,218,746,000	400,462,055,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	421,988,764,000	629,218,746,000	400,462,055,000
4. Giá vốn hàng bán 4. Cost of goods sold	404,470,197,000	593,243,873,000	367,734,327,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	17,518,567,000	35,974,873,000	32,727,728,000
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	1,018,020,000	1,780,972,000	1,020,413,000
8. Chi phí tài chính 8. Financial expenses	62,769,505,000	6,159,184,000	5,516,268,000
Trong đó: Chi phí đi vay Of which: Interest expense	8,175,541,000	6,159,184,000	5,516,268,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	54,243,283,000	42,803,311,000	23,878,487,000
9. Chi phí bán hàng 9. Selling expenses	-	-	-
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	19,778,776,000	16,615,059,000	12,386,961,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	-9,768,411,000	57,784,913,000	39,723,400,000
12. Thu nhập khác 12. Other income	224,094,562,000	1,059,092,000	7,839,000
13. Chi phí khác 13. Other expenses	334,118,000	1,556,314,000	313,729,000
14. Lợi nhuận khác14. Other profit	223,760,444,000	-497,222,000	-305,890,000
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	213,992,033,000	57,287,691,000	39,417,510,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	51,969,000	4,311,681,000	1,589,825,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	40,467,000	-50,521,000	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	213,899,596,000	53,026,531,000	37,827,685,000
Lợi ích của cổ đông thiểu sốMinority Interest	1,447,000	35,524,000	-5,320,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	213,898,149,000	52,991,006,000	37,833,005,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	17,061	5,299	3,783
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	17,000	5,000	4,000

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.

DSH

Investment Hạ tầng Đông Sơn Joint Stock Company

Interactive Stock Chart

Listing Information

Capital Structure

Detailed Corporate Timeline & Sectors

Key Financial Ratios (2025)

Historical Financial Metrics (YoY)

Financial Ratios Reference & Interpretation Guide

Audited Financial Statements

DSH — Financial Data Summary (2023–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality