VLS

UPCOMOther Sector

Sản xuất Thép Việt Long Joint Stock Company

Original Name: Công ty cổ phần Sản xuất Thép Việt Long

Reference Price15.600 ₫

Interactive Stock Chart

Exchange Ticker: UPCOM:VLS

Listing Information

Exchange MarketUPCOM

Live SectorConstruction & Materials

First Trading Date15/12/2025

First Close Price₫10,000,000

Capital Structure

Charter Capital245 Billion VND

Listed Shares24,500,000

Outstanding Shares24,500,000

Treasury Shares-

Detailed Corporate Timeline & Sectors

In 2019, the Company was established and operated under the name Viet Long Steel Production Joint Stock Company and the initial charter capital was 42 billion VND. In the same year, the Company was granted an Investment Registration Certificate by the People's Committee of Ha Nam province for the project "Viet Long Steel Pipe Factory" No. 6737280381, with a design capacity of 72,000 tons/year.
In 2021, the Company will carry out 02 capital increases to 88 billion VND through the form of issuing shares to existing shareholders to supplement investment capital for the project "Viet Long Steel Pipe Factory" and serve production and business activities.
In 2022, the Company continues to increase capital to 185 billion VND to continue investing in expanding projects and improving production capacity. By October 2022, the first 03 (three) steel pipe production lines will officially go into operation, providing products under the Viet Long brand to the domestic market.
In 2023, the Company has completed and operated all 06 (six) steel pipe production lines, reaching a design capacity of 72,000 tons/year. At the same time, the Company invested in an additional hot-dip galvanizing line to diversify products and better meet the increasing needs of the market. During the year, the Company increased its charter capital to 245 billion VND through issuing shares to existing shareholders, continuing to invest in expanding Viet Long Steel Pipe Factory and strengthening financial capacity for business activities.
In 2024, after the investment and operation phase, the Company's factory gradually stabilizes, production lines operate more efficiently. The company focuses resources on production and business with planned capacity, creating a premise for sustainable growth in the following years.
In 2025, the hot-dip galvanizing line will officially be put into operation with a capacity of 60,000 tons/year. In the coming period, the Company intends to continue to develop and expand its core production and business areas in the steel industry, while also expanding into potential fields such as real estate and hydropower, towards sustainable and multi-industry development.

Address: Thanh Liem Industrial Park, Chau Son Ward, Ninh Binh Province, Vietnam

Phone: 0226 3967 139

Disclosure Officer:

Website: http://vietlongsteel.com.vn/

Ratio / Financial Indicator	2023	2024	2025
Earnings Per Share (EPS)	₫129	₫13	₫478
Price-to-Earnings (P/E)	120.47x	1247.49x	32.61x
Book Value Per Share (BVPS)	₫10,118	₫10,130	₫10,609
Price-to-Book (P/B)	1.54x	1.54x	1.47x
Return on Equity (ROE)	1.28%	0.12%	4.51%
Return on Assets (ROA)	0.65%	0.05%	1.24%
Net Profit Margin	0.99%	0.05%	1.13%
Debt-to-Equity Ratio	0.97	1.34	2.62
Current Ratio	1.75	1.39	1.06

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

+225.1% YoY

Lợi nhuận sau thuế thu nhập doanh nghiệpNet profit after tax

+269.4% YoY

TỔNG CỘNG TÀI SẢNTOTAL ASSETS

+92.8% YoY

Financial Indicator (VND)	2025	2024	2023
1. Doanh thu bán hàng và cung cấp dịch vụ 1. Revenue	1,038,640,278,000	600,343,715,000	319,518,763,000
2. Các khoản giảm trừ doanh thu2. Deduction from revenue	-	-	-
3. Doanh thu thuần về bán hàng và cung cấp dịch vụ3. Net revenue	1,038,640,278,000	600,343,715,000	319,518,763,000
4. Giá vốn hàng bán 4. Cost of goods sold	993,616,474,000	573,370,116,000	300,443,955,000
5. Lợi nhuận gộp về bán hàng và cung cấp dịch vụ5. Gross profit	45,023,803,000	26,973,599,000	19,074,808,000
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	880,258,000	621,463,000	110,179,000
8. Chi phí tài chính 8. Financial expenses	26,090,368,000	18,806,104,000	10,727,584,000
Trong đó: Chi phí đi vay Of which: Interest expense	26,037,948,000	18,806,104,000	10,727,584,000
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	609,106,000	615,933,000	232,700,000
10. Chi phí quản lý doanh nghiệp 10. General and administrative expenses	6,983,339,000	6,660,705,000	4,890,541,000
11. Lợi nhuận thuần từ hoạt động kinh doanh11. Operating profit	12,221,247,000	1,512,319,000	3,334,162,000
12. Thu nhập khác 12. Other income	1,612,926,000	6,000	1,230,000
13. Chi phí khác 13. Other expenses	23,681,000	91,920,000	133,509,000
14. Lợi nhuận khác14. Other profit	1,589,245,000	-91,914,000	-132,279,000
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	13,810,492,000	1,420,405,000	3,201,883,000
16. Chi phí thuế TNDN hiện hành16. Current corporate income tax expenses	2,089,585,000	1,114,028,000	29,194,000
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	11,720,907,000	306,376,000	3,172,689,000
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	11,720,907,000	306,376,000	3,172,689,000
19. Lãi cơ bản trên cổ phiếu (VNÐ)19. Earnings per share (VND)	478	13	167
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.

VLS

Sản xuất Thép Việt Long Joint Stock Company

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

VLS — Financial Data Summary (2023–2025)

Executive Summary

Operating Performance & Profitability

Asset Structure & Financial Leverage

Cash Flow Quality