VHD

UPCOMReal Estate & Construction

Investment Development Nhà và Đô thị VINAHUD Joint Stock Company

Original Name: Công ty Cổ phần Đầu tư Phát triển Nhà và Đô thị VINAHUD

Reference Price3.000 ₫

Interactive Stock Chart

Exchange Ticker: UPCOM:VHD

Listing Information

Exchange MarketUPCOM

Live SectorReal Estate

First Trading Date22/06/2017

First Close Price₫11,700

Capital Structure

Charter Capital380 Billion VND

Listed Shares38,000,000

Outstanding Shares38,000,000

Treasury Shares-

Professional Advisors & Auditors

Independent Auditing History

Fiscal Year	Auditing Organization
2022	Kiểm toán và Tư vấn UHY Co., Ltd.
2021	Kiểm toán và Tư vấn Đất Việt Co., Ltd.
2020	Hãng Kiểm toán AASC Co., Ltd.
2019	Kiểm toán và Tư vấn A&C Co., Ltd.
2018	Hãng Kiểm toán AASC Co., Ltd.

IPO & Listing Consultant

CTCP Securities Ngân hàng Nông nghiệp & Phát triển Nông thôn Vietnam JSCListing Ticker Symbol: AGR

Detailed Corporate Timeline & Sectors

Timeline of Establishment & Development:

Formerly known as VINACONEX Housing Development Investment Project Management Board VINAHUD Project Management Board), under Vietnam Construction and Import-Export Joint Stock Corporation VINACONEX, was established in 2000. With continuous development and worthy contributions, VINAHUD Project Management Board has been assigned by VINACONEX Corporation to manage the investment of many large projects, notably the investment project to build Trung Hoa Nhan Chinh new urban area, the largest and most modern urban area in the country today, Project Bac An Khanh urban area - Hanoi. ….
In 2007, VINACONEX Housing and Urban Development Investment Joint Stock Company (referred to as VINAHUD Joint Stock Company) was established by decision of the Board of Directors on the strong foundation of VINAHUD Management Board. With a team of officers and engineers with deep expertise, solid skills, rich experience, and strong experience in the field of construction of urban areas, high-rise buildings, apartment buildings..., the Company has been implementing project management consulting work for a number of key projects of the Corporation such as:

+ Southeast Tran Duy Hung Urban Area Project – Hanoi;
+ 15T high-rise apartment building project in Trung Hoa;
+ Service Center 1 and 2 project in Trung Hoa - Nhan Chinh urban area;
+ Project to renovate and upgrade Ly Thai To primary school;
+ Cemetery park project in An Khanh commune - Hoai Duc - Hanoi;
+ Bac An Khanh urban area leveling project;
+ Continue the remaining work at Trung Hoa - Nhan Chinh urban area...

In the future, VINAHUD will expand the scale of business operations, have more branches and offices to suit the production and business situation in the coming period. Rising with the VINACONEX family, the VINAHUD brand has been increasingly affirmed and trusted by domestic and foreign customers.

Business Sectors:

Manage and exploit services in urban areas, housing areas, and residential areas: food and beverage services, entertainment, sports cards (except for types of entertainment banned by the State); Investment consulting, project planning and management consulting (only designs within the scope of business registered designs); Consulting on overall floor design, interior and exterior architecture for civil and industrial projects;
Consulting and supervising the installation of electrical equipment and electrical technology equipment for civil works;
Consulting on construction supervision and completion of civil and industrial works:
Construction and development of works and projects: civil, industrial, infrastructure, water supply and drainage, waste treatment, urban environment, housing, residential, electricity, water, air conditioning;
Import and export business of machinery, materials and equipment serving civil and industrial projects and technical and infrastructure projects;
Production and trading of construction materials;
Performing services of supply, installation, repair, and warranty of refrigeration, fire and explosion prevention equipment, and elevators;
Providing goods delivery and transportation services under contract or by fixed route;
Supermarket business;
Real estate business investment;
Investment in construction and management of urban areas, housing areas, industrial parks, and residential areas;
Complete interior and exterior;
Establishing and verifying investment projects (designs only within the scope of Business Registered designs); Consulting on contractor selection; Consulting on new technology equipment and automation equipment;
Construction of road works;
Construction of irrigation and hydroelectric projects;
Construction of high-tech zones; underground works;
Construction of public works;
Receive contracts to construct civil and industrial construction projects abroad;
Demolition and site preparation in construction;
Installation of electrical system.

Address: VINAHUD Building, 105 Nguyen Ba Khoan, Trung Hoa Ward, Cau Giay District, Hanoi City

Phone: (024) 3783 5757 - Fax: (024) 3783 5656

Disclosure Officer:

Email: [email protected]

Website: http://www.vinahud.com.vn/

Ratio / Financial Indicator	2022	2023	2024	2025
Earnings Per Share (EPS)	₫558	-₫4,309	-₫4,092	-₫2,947
Price-to-Earnings (P/E)	5.38x	-	-	-
Book Value Per Share (BVPS)	₫10,831	₫6,474	₫2,382	-₫565
Price-to-Book (P/B)	0.28x	0.46x	1.26x	-
Return on Equity (ROE)	5.15%	-66.56%	-171.80%	521.44%
Return on Assets (ROA)	3.60%	-3.29%	-3.73%	-3.30%
Net Profit Margin	5.00%	-52.69%	-79.78%	-284.83%
Debt-to-Equity Ratio	0.43	19.22	45.06	-158.84
Current Ratio	1.21	1.70	1.20	0.93

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

-90.7% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

-628.3% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+475.8% YoY

Financial Indicator (VND)	2025	2024	2023	2022
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	39,319,807,000	194,912,762,000	310,792,903,000	423,760,337,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-	1,833,000
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	39,319,807,000	194,912,762,000	310,792,903,000	423,758,504,000
4. Giá vốn hàng bán 4. Cost of goods sold	35,426,311,000	184,593,861,000	296,798,736,000	375,236,983,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	3,893,496,000	10,318,901,000	13,994,167,000	48,521,521,000
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	22,592,287,000	169,965,915,000	46,864,671,000	1,002,073,000
8. Chi phí tài chính 8. Financial expenses	99,627,987,000	316,091,818,000	169,858,758,000	2,390,042,000
Trong đó: Chi phí đi vay Of which: Interest expense	66,932,896,000	208,273,064,000	151,846,748,000	2,390,042,000
8. Phần lãi/lỗ trong công ty liên doanh, liên kết8. Share of associates and joint ventures' result	-1,218,000	4,053,056,000	-3,826,237,000	-
9. Chi phí bán hàng 9. Selling expenses	363,148,000	316,263,000	1,275,376,000	1,225,324,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	36,506,584,000	41,425,421,000	31,228,907,000	19,156,490,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	-110,013,154,000	-173,495,630,000	-145,330,441,000	26,751,739,000
12. Thu nhập khác 12. Other income	115,494,000	136,367,000	3,784,676,000	10,957,000
13. Chi phí khác 13. Other expenses	961,577,000	1,369,840,000	557,759,000	211,958,000
14. Lợi nhuận khác14. Other profit	-846,083,000	-1,233,473,000	3,226,918,000	-201,001,000
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	-110,859,237,000	-174,729,103,000	-142,103,523,000	26,550,738,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	1,427,851,000	1,832,385,000	469,043,000	5,352,539,000
17. Chi phí thuế TNDN hoãn lại 17. Deferred income tax expenses (*)	-292,592,000	-21,057,484,000	21,169,901,000	-
18. Lợi nhuận sau thuế thu nhập doanh nghiệp18. Net profit after tax	-111,994,497,000	-155,504,003,000	-163,742,467,000	21,198,199,000
Lợi ích của cổ đông thiểu sốMinority Interest	15,000	3,000	2,014,000	-
Lợi nhuận sau thuế của cổ đông của Công ty mẹProfit after tax for shareholders of parent company	-111,994,512,000	-155,504,006,000	-163,744,482,000	21,198,199,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	-2,947	-4,092	-4,309	558
20. Lãi suy giảm trên cổ phiếu (*)20. Diluted earnings per share	-3,000	-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.

VHD

Investment Development Nhà và Đô thị VINAHUD 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

VHD — Financial Data Summary (2022–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality