GEE

HOSEIndustrials

Power GELEX Joint Stock Company

Original Name: Công ty cổ phần Điện lực GELEX

Reference Price122.100 ₫

Interactive Stock Chart

Exchange Ticker: HOSE:GEE

Listing Information

Exchange MarketHOSE

Live SectorUtilities

First Trading Date08/03/2022

First Close Price-

Capital Structure

Charter Capital6,405 Billion VND

Listed Shares365,999,956

Outstanding Shares640,499,923

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2025	Deloitte Vietnam Co., Ltd.
2024	Deloitte Vietnam Co., Ltd.
2023	Deloitte Vietnam Co., Ltd.
2022	Deloitte Vietnam Co., Ltd.
2021	Deloitte Vietnam Co., Ltd.
2020	EY Vietnam Co., Ltd.

IPO & Listing Consultant

Securities SSI JSCListing Ticker Symbol: SSI

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

Gelex Electrical Equipment Joint Stock Company, formerly known as Electrical Measuring Equipment Company Limited, 100% owned by Vietnam Electrical Equipment Joint Stock Corporation (now Gelex Group Joint Stock Company) (“Gelex”), was established on August 29, 2016 with the purpose of manufacturing and trading electrical measuring equipment.

Year 2016: Established Electrical Measuring Equipment LLC, 100% owned by Vietnam Electrical Equipment Joint Stock Company (now Gelex Group Joint Stock Company) ("Gelex"), for the purpose of producing electrical measuring equipment. Charter capital when established was 368 billion VND.
Year 2018: Electrical Measuring Equipment Company Limited changed its name to Gelex Electrical Equipment Company Limited. Emic Electrical Equipment Company Limited ("EMIC") was established, a subsidiary 100% owned by Gelex Electrical Equipment Company Limited. Gelex contributed capital with shares of Vietnam Electric Cable Joint Stock Company ("CADIVr - listed on HOSE with stock code CAV), Hanoi Electromechanical Manufacturing Joint Stock Company ("HEM" - listed on UPCOM with stock code HEM), Electrical Equipment Joint Stock Company ("THIBIDI" - listed on HOSE with stock code THI), increased charter capital to 2,218.7 billion VND and brought CADIVI, HEM and THIBIDI are subsidiaries of Gelex Electrical Equipment Co., Ltd.
January 2020: Gelex Electrical Equipment Co., Ltd. converted to a joint stock company, renamed Gelex Electrical Equipment Joint Stock Company ("Gelex Electric") with charter capital of 2,218.7 billion VND.
Year 2020: Receive transfer of 100% capital at CFT Vietnam Copper Wire Company ("CFT") from Gelex Group Joint Stock Company (36.35%) and 2 Japanese shareholders, Toyota Tsush (31%) and Furukawa Electric (32.65%)
August 2021: The company increased its capital from VND 2,217.7 billion to VND 3,000 billion.
December 24, 2021: The Company officially received the public approval letter from the State Securities Commission No. 8885/UBCK-GSĐC dated December 24, 2021
December 29, 2021: The Company received Securities Registration Certificate No. 53/2021/GCNCP-VSD dated December 29, 2021 from the Center for Securities Depository ("VSD") with the number of registered securities shares being 300,000,000 shares.
Currently: The company is operating under Business Registration Certificate No. 0107547109 issued by the Department of Planning and Investment of Hanoi City for the first time on August 29, 2016 and registered for the 7th change on September 22, 2021 with a charter capital of 3,000,000,000,000 VND.

Core Business Sectors:

Manufacturing other electrical equipment. Details: Manufacturer of electrical equipment used in industry and agriculture. Producing all kinds of single-phase, three-phase electrical measuring equipment (with direct and alternating current) low voltage, medium voltage and high voltage cables up to 500 KV.

Address: 52 Le Dai Hanh, Hai Ba Trung Ward, Hanoi City

Phone: 024 73012344 Fax: 024 36331510

Disclosure Officer:

Website: https://gelex-electric.com/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫1,517	₫1,238	₫2,677	₫5,335
Price-to-Earnings (P/E)	80.49x	98.66x	45.61x	22.89x
Book Value Per Share (BVPS)	₫9,373	₫9,293	₫10,856	₫13,110
Price-to-Book (P/B)	13.03x	13.14x	11.25x	9.31x
Return on Equity (ROE)	16.18%	13.32%	24.66%	40.69%
Return on Assets (ROA)	5.58%	5.78%	13.29%	20.91%
Net Profit Margin	5.83%	4.77%	8.11%	13.42%
Debt-to-Equity Ratio	1.90	1.31	0.86	0.95
Current Ratio	1.26	1.02	1.28	1.80

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

+52.8% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+251.7% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

-6.2% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	25,659,652,864,000	21,351,265,987,000	16,757,537,132,000	16,822,823,680,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	196,502,324,000	221,644,168,000	150,268,606,000	158,151,142,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	25,463,150,540,000	21,129,621,819,000	16,607,268,527,000	16,664,672,538,000
4. Giá vốn hàng bán 4. Cost of goods sold	21,352,367,879,000	18,065,660,921,000	14,581,337,221,000	14,550,681,716,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	4,110,782,661,000	3,063,960,899,000	2,025,931,305,000	2,113,990,821,000
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	1,714,576,407,000	544,051,012,000	571,666,503,000	840,623,636,000
8. Chi phí tài chính 8. Financial expenses	538,441,839,000	608,826,840,000	901,030,201,000	1,128,443,045,000
Trong đó: Chi phí đi vay Of which: Interest expense	230,634,956,000	269,291,875,000	575,944,738,000	716,192,112,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	149,618,394,000	24,720,477,000	1,120,673,000	19,475,538,000
9. Chi phí bán hàng 9. Selling expenses	501,230,714,000	410,091,474,000	327,729,790,000	348,744,839,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	672,777,028,000	457,243,436,000	420,242,789,000	408,238,567,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	4,262,527,880,000	2,156,570,639,000	949,715,701,000	1,088,663,543,000
12. Thu nhập khác 12. Other income	9,854,066,000	13,640,264,000	23,590,387,000	40,567,570,000
13. Chi phí khác 13. Other expenses	10,197,740,000	17,291,241,000	6,215,894,000	8,877,018,000
14. Lợi nhuận khác14. Other profit	-343,675,000	-3,650,977,000	17,374,493,000	31,690,552,000
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	4,262,184,206,000	2,152,919,661,000	967,090,194,000	1,120,354,095,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	825,416,731,000	458,018,875,000	184,637,767,000	140,747,642,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	19,636,967,000	-19,675,060,000	-10,217,440,000	8,001,521,000
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	3,417,130,507,000	1,714,575,846,000	792,669,867,000	971,604,932,000
Lợi ích của cổ đông thiểu sốMinority Interest	159,751,005,000	126,341,212,000	47,292,553,000	91,142,020,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	3,257,379,503,000	1,588,234,635,000	745,377,315,000	880,462,912,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	8,921	5,294	2,485	2,935
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.

GEE

Power GELEX 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

GEE — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality