KSF

HNXReal Estate & Construction

Sunshine Joint Stock Company Group

Original Name: Công ty Cổ phần Tập đoàn Sunshine

Reference Price84.000 ₫

Interactive Stock Chart

Exchange Ticker: HNX:KSF

Listing Information

Exchange MarketHNX

Live SectorReal Estate

First Trading Date06/10/2021

First Close Price₫46,800

Capital Structure

Charter Capital3,000 Billion VND

Listed Shares300,000,000

Outstanding Shares899,787,308

Treasury Shares-

Detailed Corporate Timeline & Sectors

Real Tech Group Joint Stock Company - a member company of Sunshine Group was established in February 2015. To date, KSF Group's charter capital is 3,000 billion VND. KSF Group is known as an investor, developer and distributor of a series of real estate projects. The Group also aims to become a potential and dynamic real estate distributor in Vietnam and in the region through the Platform business system. Strategic goals in the next 3 years, KSF Group will continue to increase land fund, creating a premise for implementing smart urban areas through M&A activities.
In particular, KSF Group also aims to conquer the financial industry with the power of technology with a platform business model built according to the "All in one" trend. With the development of KSFinance App - an application that allows customers to experience all different financial services such as investing - buying and selling real estate; bond investment; investing in gold and stocks; banking transactions; unsecured consumer loans; insurance combined with investment... Besides, the strong deployment of the international standard 5-star "All in one" office network system with modern STM machine system, application of integrated technology to meet all customer services.

Address: 12th Floor, Sunshine Center Building, 16 Pham Hung, Tu Liem Ward, Hanoi City

Phone: +84-(024)-7305.2999

Disclosure Officer:

Email: [email protected]

Website: https://sunshinegroup.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫689	₫227	₫860	₫9,898
Price-to-Earnings (P/E)	121.95x	370.22x	97.67x	8.49x
Book Value Per Share (BVPS)	₫7,516	₫8,090	₫7,645	₫22,076
Price-to-Book (P/B)	11.18x	10.38x	10.99x	3.81x
Return on Equity (ROE)	9.16%	2.80%	11.25%	44.84%
Return on Assets (ROA)	4.92%	1.12%	3.76%	7.41%
Net Profit Margin	51.11%	36.81%	31.34%	44.09%
Debt-to-Equity Ratio	0.86	1.51	1.99	5.05
Current Ratio	2.91	1.80	1.57	1.54

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

+1565.7% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+1337.0% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+853.4% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	20,200,272,782,000	2,469,680,760,000	554,618,871,000	1,212,591,655,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	2,099,956,000	212,200,000	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	20,198,172,826,000	2,469,468,560,000	554,618,871,000	1,212,591,655,000
4. Giá vốn hàng bán 4. Cost of goods sold	7,062,257,743,000	1,234,656,902,000	259,859,389,000	453,194,157,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	13,135,915,083,000	1,234,811,658,000	294,759,482,000	759,397,498,000
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	1,094,655,795,000	698,336,724,000	595,485,016,000	541,478,230,000
8. Chi phí tài chính 8. Financial expenses	1,455,762,828,000	634,776,205,000	433,665,051,000	272,853,549,000
Trong đó: Chi phí đi vay Of which: Interest expense	663,981,249,000	142,629,019,000	55,330,414,000	49,562,641,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	1,828,526,000	18,168,000	-	-65,532,000
9. Chi phí bán hàng 9. Selling expenses	984,458,371,000	158,199,490,000	38,178,574,000	19,852,146,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	383,684,018,000	166,510,095,000	157,526,849,000	220,018,516,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	11,408,494,186,000	973,680,761,000	260,874,024,000	788,085,985,000
12. Thu nhập khác 12. Other income	14,308,223,000	6,968,573,000	5,720,390,000	10,673,338,000
13. Chi phí khác 13. Other expenses	128,313,300,000	6,240,769,000	7,433,040,000	18,058,783,000
14. Lợi nhuận khác14. Other profit	-114,005,076,000	727,803,000	-1,712,650,000	-7,385,445,000
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	11,294,489,110,000	974,408,565,000	259,161,374,000	780,700,540,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	2,370,351,526,000	200,559,877,000	55,004,811,000	160,932,366,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	17,915,885,000	-	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	8,906,221,700,000	773,848,688,000	204,156,563,000	619,768,174,000
Lợi ích của cổ đông thiểu sốMinority Interest	404,135,917,000	94,678,475,000	65,268,097,000	252,659,032,000
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	8,502,085,783,000	679,170,213,000	138,888,466,000	367,109,143,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	18,708	2,264	463	1,224
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.

KSF

Sunshine Joint Stock Company Group

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

KSF — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality