M10

UPCOMConsumer Goods

May 10 - Joint Stock Company Corporation

Original Name: Tổng Công ty May 10 - Công ty cổ phần

Reference Price22.700 ₫

Interactive Stock Chart

Exchange Ticker: UPCOM:M10

Listing Information

Exchange MarketUPCOM

Live SectorDệt may

First Trading Date10/01/2018

First Close Price₫31,900

Capital Structure

Charter Capital317.51 Billion VND

Listed Shares31,751,000

Outstanding Shares31,750,756

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2024	KPMG Vietnam Co., Ltd.
2023	KPMG Vietnam Co., Ltd.
2022	KPMG Vietnam Co., Ltd.
2021	KPMG Vietnam Co., Ltd.
2020	KPMG Vietnam Co., Ltd.
2019	KPMG Vietnam Co., Ltd.
2018	KPMG Vietnam Co., Ltd.

IPO & Listing Consultant

Securities MB JSCListing Ticker Symbol: MBS

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

1946: Establishment of military clothing factories in Viet Bac war zone
1952: Consolidation of military garment factories in the Viet Bac war zone into Garment Factory 10
1956: Moved to Gia Lam - Hanoi; Merging Garment Factory 10, Garment Factory 40 and the tailors of Inter-Region V Military Region gathered to the North, taking the common name Garment Factory 10
Year 1959: Garment Factory 10 was honored to welcome Uncle Ho on January 8, 1959
1961: Renamed Garment Enterprise 10 under the Ministry of Light Industry
1992: Transformed operating model into Garment Company 10
Year 2005: Converted operating model to Garment 10 Joint Stock Company
Year 2010: Transforming the model into Garment Corporation 10 - JSC

Fields of activity:

Retail of garments, footwear, leather and leatherette goods in specialized stores
Retail sale of tobacco and pipe tobacco products in specialized stores
Sewing costumes (except costumes made from fur). Details: Producing all kinds of clothes
Other uncategorized production
Other specialized wholesale not classified elsewhere
Vocational Education
Other business support service activities not yet classified
Early childhood education
Wholesale of fabrics, ready-made garments, footwear
Other professional, scientific and technological activities not classified elsewhere. Wholesale of agricultural and forestry raw materials (except wood, bamboo) and live animals...

Address: 765A Nguyen Van Linh, Sai Dong ward, Long Bien district, Hanoi

Phone: (84-24) 3827 6923 Fax: (84-24) 3827 6925

Disclosure Officer: Mr. Vu Hoang Ha

Email: [email protected]

Website: http://garco10.vn/home/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫3,900	₫3,251	₫3,080	₫5,637
Price-to-Earnings (P/E)	5.82x	6.98x	7.37x	4.03x
Book Value Per Share (BVPS)	₫15,439	₫16,833	₫17,926	₫21,573
Price-to-Book (P/B)	1.47x	1.35x	1.27x	1.05x
Return on Equity (ROE)	25.26%	19.31%	17.18%	26.13%
Return on Assets (ROA)	5.39%	4.51%	3.74%	6.52%
Net Profit Margin	2.72%	2.49%	2.10%	3.57%
Debt-to-Equity Ratio	3.69	3.28	3.60	3.01
Current Ratio	1.08	1.11	1.08	1.12

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

+10.2% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+44.5% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+19.6% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	5,010,690,066,000	4,660,199,353,000	4,139,737,619,000	4,548,703,933,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	29,845,000	13,560,954,000	619,599,000	479,198,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	5,010,660,220,000	4,646,638,399,000	4,139,118,021,000	4,548,224,735,000
4. Giá vốn hàng bán 4. Cost of goods sold	4,471,544,904,000	4,092,283,088,000	3,702,490,729,000	4,052,773,644,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	539,115,316,000	554,355,311,000	436,627,292,000	495,451,091,000
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	114,982,448,000	120,824,963,000	114,051,453,000	120,427,210,000
8. Chi phí tài chính 8. Financial expenses	74,143,684,000	87,048,230,000	93,624,433,000	109,565,766,000
Trong đó: Chi phí đi vay Of which: Interest expense	27,791,540,000	28,264,629,000	32,387,671,000	19,100,401,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-	-	-	-
9. Chi phí bán hàng 9. Selling expenses	254,132,615,000	193,353,161,000	159,143,994,000	158,093,185,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	113,974,649,000	252,646,178,000	177,892,829,000	199,491,519,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	211,846,816,000	142,132,705,000	120,017,489,000	148,727,831,000
12. Thu nhập khác 12. Other income	6,989,295,000	1,952,867,000	4,152,984,000	3,554,069,000
13. Chi phí khác 13. Other expenses	6,383,508,000	3,069,784,000	737,150,000	2,036,361,000
14. Lợi nhuận khác14. Other profit	605,787,000	-1,116,917,000	3,415,834,000	1,517,709,000
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	212,452,603,000	141,015,788,000	123,433,323,000	150,245,540,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	33,482,602,000	43,224,350,000	20,219,236,000	26,405,602,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-	-	-	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	178,970,001,000	97,791,438,000	103,214,087,000	123,839,937,000
Lợi ích của cổ đông thiểu sốMinority Interest	-	-	-	-
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	178,970,001,000	97,791,438,000	103,214,087,000	123,839,937,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	4,791	2,612	2,828	3,467
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.

M10

May 10 - Joint Stock Company Corporation

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

M10 — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality