AsemconnectVietnam - ChoLon Investment and Import-Export Joint Stock Company (Cholimex, code CLX - UPCoM) has just announced its financial statement for the first quarter of 2025 with net revenue reaching VND123.2 billion, down slightly by 2.5% compared to the same period last year.

Thanks to controlling the cost of goods sold, which decreased more sharply than revenue, down 6% to VND84.3 billion, helping the company's gross profit increase by 6%, to approximately VND39 billion.
This period, Cholimex's financial revenue increased by 13.8%, reaching VND2.4 billion; while financial expenses decreased by 33.9%, down to more than VND600 million.
In addition, the Company recorded selling expenses of VND3.3 billion and administrative expenses of VND12.8 billion, up 3% and 5.4% respectively over the same period.
As a result, profit after corporate income tax reached VND49.4 billion in the first quarter of 2025, up 5.3% over the first quarter of 2024.
At the 2025 General Meeting of Shareholders, Cholimex shareholders approved the business plan with total consolidated revenue reaching VND662 billion and consolidated profit after tax reaching VND202 billion, both slightly increasing compared to 2024. With the results achieved in the first quarter, the Company has completed more than 24% of the annual profit target.
As of March 31, 2025, Cholimex's total assets reached VND2,432.7 billion, up 1.3% compared to the beginning of the year, of which nearly 90% of Cholimex's assets were in long-term assets. Notably, Cholimex's long-term financial investments were worth VND1,079.3 billion, up 2.9% compared to the beginning of the year and accounting for 44.4% of total assets; investment real estate accounted for 27.4% of total assets with a value of VND665.3 billion, down 1.3%.
In addition, in short-term assets, the Company still had VND60.8 billion in cash and cash equivalents, down 2.5% compared to the beginning of the year; short-term financial investments were at VND172.7 billion, up 9.5%.
On the other side of the balance sheet, Cholimex still has VND635.4 billion in payables, up 8.5% compared to the beginning of the year. Of which, long-term debt accounts for 83.5% of total debt with a value of VND530.6 billion, mainly concentrated in long-term unrealized revenue with VND463.6 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan