MEL

HNXMaterials

Thép Mê Lin Joint Stock Company

Original Name: Công ty Cổ phần Thép Mê Lin

Reference Price9.100 ₫

Interactive Stock Chart

Exchange Ticker: HNX:MEL

Listing Information

Exchange MarketHNX

Live SectorIndustrial Manufacturing

First Trading Date27/09/2017

First Close Price₫19,400

Capital Structure

Charter Capital150 Billion VND

Listed Shares15,000,000

Outstanding Shares15,000,000

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2024	Kiểm toán và Định giá Quốc tế Co., Ltd.
2023	Hãng Kiểm toán và Định giá ASCO Co., Ltd.
2022	PKF Vietnam Co., Ltd.
2021	PKF Vietnam Co., Ltd.
2020	PKF Vietnam Co., Ltd.
2019	PKF Vietnam Co., Ltd.
2018	PKF Vietnam Co., Ltd.
2017	PKF Vietnam Co., Ltd.

IPO & Listing Consultant

Securities Quốc tế Hoàng Gia JSCListing Ticker Symbol: IRS

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

In 2003: Me Lin Steel Company Limited was established with a charter capital of 10 billion VND
September 2003: Increased charter capital from 10 billion VND to 15 billion VND
2007 - 2010: Increase capital 4 times from 15 billion VND to 120 billion VND
2011: Established a branch of Hai Phong Steel Company Limited
2015: Changing business type from Me Lin Steel Company Limited to Me Lin Steel Joint Stock Company
2016: Increase charter capital from 120 billion VND to 150 billion VND
2017: Becoming a public company with stock code

Business Sectors:

Manufacturing other uncategorized metal products Details:- Processing, manufacturing, trading, import and export of steel products
Manufacturing metal structures Details: - Manufacturing metal products (except machinery and equipment)
Wholesale of other machinery, equipment and spare parts Details: - Buy and sell replacement machinery, equipment and spare parts
Wholesale of metals and metal ores Details: - Buy and sell iron, steel, steel pipes, non-ferrous metals - Buy and sell minerals and metals (according to current State regulations)
Warehouse and goods storage Details:- Warehouse rental service
Manufacturing barrels, tanks and metal containers
Mechanical processing; metal treatment and coating
Business in real estate, land use rights belonging to the owner, user or leased Details: - Real estate business, land use rights belonging to the owner, user or leased - Investing, trading in industrial parks, urban areas, renting offices and apartments
Consulting, brokerage, real estate auction, land use rights auction
Other business support service activities that have not been classified yet Details: - Import and export of goods The Company does business in accordance with current regulations of the State (For conditional business lines, the Enterprise only does business when it meets all conditions according to the provisions of Law)

Address: Administrative Area No. 8, Dong Da Ward, Vinh Yen City, Vinh Phuc Province

Phone: (0211)2479553 Fax: (0211)2479553

Disclosure Officer:

Website: http://melinsteel.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫378	₫296	₫540	₫641
Price-to-Earnings (P/E)	24.05x	30.70x	16.84x	14.20x
Book Value Per Share (BVPS)	₫16,450	₫16,746	₫17,287	₫17,928
Price-to-Book (P/B)	0.55x	0.54x	0.53x	0.51x
Return on Equity (ROE)	2.30%	1.77%	3.13%	3.58%
Return on Assets (ROA)	0.88%	0.69%	1.11%	1.34%
Net Profit Margin	0.73%	0.66%	0.92%	1.15%
Debt-to-Equity Ratio	1.61	1.58	1.81	1.67
Current Ratio	1.42	1.45	1.40	1.48

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

+8.2% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+69.4% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+11.5% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	838,350,502,000	880,916,670,000	670,846,723,000	774,292,792,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	1,170,801,000	1,071,307,000	21,999,000	541,999,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	837,179,701,000	879,845,363,000	670,824,724,000	773,750,793,000
4. Giá vốn hàng bán 4. Cost of goods sold	796,403,693,000	841,073,592,000	623,658,368,000	730,161,082,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	40,776,008,000	38,771,771,000	47,166,356,000	43,589,711,000
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	1,150,012,000	3,725,584,000	599,391,000	808,460,000
8. Chi phí tài chính 8. Financial expenses	24,671,209,000	25,225,081,000	29,199,828,000	23,440,304,000
Trong đó: Chi phí đi vay Of which: Interest expense	23,132,178,000	24,370,054,000	28,219,132,000	20,204,008,000
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	4,861,173,000	3,300,164,000	4,546,646,000	4,286,323,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	8,470,034,000	8,617,547,000	8,839,419,000	9,848,015,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	3,923,604,000	5,354,563,000	5,179,853,000	6,823,529,000
12. Thu nhập khác 12. Other income	8,468,727,000	4,070,150,000	498,446,000	425,072,000
13. Chi phí khác 13. Other expenses	312,830,000	120,909,000	108,773,000	121,018,000
14. Lợi nhuận khác14. Other profit	8,155,897,000	3,949,241,000	389,673,000	304,054,000
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	12,079,501,000	9,303,804,000	5,569,527,000	7,127,584,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	2,464,780,000	1,198,545,000	1,123,148,000	1,451,631,000
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	9,614,721,000	8,105,259,000	4,446,379,000	5,675,952,000
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	9,614,721,000	8,105,259,000	4,446,379,000	5,675,952,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	641	540	296	378
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	1,000	1,000	0	0

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.

MEL

Thép Mê Lin 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

MEL — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality