AsemconnectVietnam - SMC Investment and Trade Joint Stock Company (code SMC - HOSE) announced a roadmap to fix stocks that were transferred from control to warning status from May 30, 2025.

SMC Investment and Trade said that in the first 6 months of 2025, although the Company has seriously implemented many solutions to improve the business situation and efficiency, promoted the liquidation of assets and financial investments, closely followed the developments of the macro situation and the steel industry to have a suitable business strategy, actively and resolutely handled outstanding debts.
However, the domestic and foreign steel markets still have many difficulties, steel prices and steel consumption demand have continuously decreased sharply, the domestic real estate industry has not really stabilized, so it has greatly affected the Company's production and business activities.
The company will continue to actively implement business solutions, recover outstanding debts and continue to consider restructuring the enterprise in the coming time to bring about effective production and business activities in 2025.
In terms of business activities, in the second quarter of 2025, SMC Investment and Trade recorded revenue of VND1,953.12 billion, down 12.9% over the same period, the parent company's after-tax profit recorded a loss of VND66.42 billion compared to the same period of VND82.78 billion.
During the period, SMC Investment and Trade continued to operate below cost price when recording a negative gross profit of VND47.15 billion.
Accumulated in the first half of 2025, SMC Trade Investment recorded revenue of VND3,799.88 billion, down 15% over the same period, the parent company's after-tax profit recorded a negative VND64.53 billion compared to the same period of profit of VND 100.52 billion, a decrease of VND165.05 billion.
With the loss in the first half of 2025, as of June 30, 2025, SMC Trade Investment recorded a total accumulated loss of VND204.2 billion, equal to 27.7% of charter capital.
In addition to the loss in business, in the first half of 2025, SMC Trade Investment also recorded a negative main business cash flow of VND479.2 billion compared to the same period of negative VND413.25 billion. In addition, also in the period, investment cash flow was positive VND407.1 billion and financial cash flow was positive VND105.9 billion.
It is worth noting that, as of June 30, 2025, SMC Commercial Investment recorded short-term assets of VND2,679.9 billion and short-term debt of VND3,618.8 billion.
Thus, short-term debt is larger than short-term assets of VND938.9 billion, or more accurately, the Company used VND938.9 billion of short-term capital with a term of less than 1 year to finance long-term assets with a term of more than 1 year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan