AsemconnectVietnam - Danang Rubber Joint Stock Company (code DRC - HOSE) recorded a profit of VND32.07 billion in the second quarter, accumulated in the first 6 months of 2025 recorded a profit of VND41.54 billion, down 67.2% over the same period and only completed 18.2% compared to the 2025 plan.

In the second quarter of 2025, Danang Rubber recorded revenue of VND1,377.31 billion, a slight increase of 1% over the same period, after-tax profit reached VND32.07 billion, down 58.5% over the same period last year. In which, gross profit margin decreased from 20.1% to 11.2%.
During the period, although revenue increased, due to a sharp decrease in gross profit margin, Da Nang Rubber still recorded a 43.7% decrease in gross profit compared to the same period, equivalent to a decrease of VND119.81 billion, to VND154.54 billion.
In addition, also during the period, financial revenue increased by 15.6%, equivalent to an increase of VND2.8 billion, to VND20.77 billion; financial expenses increased by 51.3%, equivalent to an increase of VND6.62 billion, to VND19.52 billion; sales and business management expenses decreased by 34.7%, equivalent to a decrease of VND63.04 billion, to VND118.59 billion and other activities fluctuated insignificantly.
Accumulated in the first 6 months of 2025, Da Nang Rubber recorded revenue of VND2,557.1 billion, up 9.4% over the same period, profit after tax reached VND41.54 billion, down 67.2% over the same period last year.
In 2025, Da Nang Rubber plans to have revenue of VND4,880 billion, up 4.4% over the same period, profit after tax is expected to be VND228 billion, down 1.7% over the same period last year.
Thus, ending the first half of 2025 with profit after tax reaching VND41.54 billion, Da Nang Rubber has only completed 18.2% of the yearly plan.
In addition to the declining business, in the first half of 2025, Da Nang Rubber also recorded a negative main business cash flow of VND176.6 billion compared to the same period of positive VND63.3 billion. In addition, during the period, investment cash flow was negative VND17.97 billion and financial cash flow was positive VND62.1 billion.
In terms of asset size, as of June 30, 2025, Danang Rubber's total assets increased slightly by 3.7% compared to the beginning of the year, equivalent to an increase of VND157 billion, to VND4,357.1 billion. Of which, the main assets recorded were inventories of VND1,327 billion, accounting for 30.5% of total assets; fixed assets recorded VND1,286.1 billion, accounting for 29.5% of total assets; short-term receivables recorded VND1,198.2 billion, accounting for 27.5% of total assets and other items.
During the period, the main change in assets was due to short-term receivables increasing by 71.9% compared to the beginning of the year, equivalent to an increase of VND501.3 billion, to VND1,198.2 billion. In particular, the increase in short-term receivables from customers led to negative operating cash flow in the first half of 2025.
In addition, in terms of capital, by the end of the second quarter, total short-term and long-term loans increased by 12.7% compared to the beginning of the year, equivalent to an increase of VND121.7 billion, to VND1,080.8 billion and equal to 58% of total equity.
N.Nga
Source: VITIC/Tinnhanhchungkhoan