AsemconnectVietnam - Having only completed 40% of its plan after the first six months of 2026, An Cuong Wood Joint Stock Company (ACG – HOSE) has adjusted both its revenue and profit targets downwards to VND4,811.9 billion and VND550.2 billion respectively.

An Cuong Wood adjusted its 2026 business plan with projected net revenue of VND4,811.9 billion, a decrease of 9.2% compared to the initial plan (initial plan: VND5,300 billion in revenue); projected after-tax profit is VND550.2 billion, a decrease of 8.9% compared to the initial plan (initial plan: VND604 billion in profit).
An Cuong Wood did not disclose the reason for adjusting its 2026 business plan compared to the initial plan.
In the first half of 2026, An Cuong Wood recorded revenue of VND2,349.4 billion, a 33.3% increase compared to the same period last year; after-tax profit reached VND241.66 billion, an 8.4% increase compared to the same period last year, but only completed 40% of the initial annual plan. The gross profit margin decreased slightly from 29.8% to 28.1%.
As of June 30, 2026, An Cuong Wood announced it was setting aside VND97.6 billion in provisions for a total of VND 109.7 billion in receivables from customers. This included VND77.8 billion in receivables from Hung Thinh Furniture Joint Stock Company, with a provision of VND74.08 billion; and VND7.5 billion in receivables from Investment, Construction and Trading Joint Stock Company No. 1 - Lao Cai, with a provision of VND5.3 billion. The receivables from Hung Thinh Incons JSC amount to VND7.2 billion, with a provision of VND4.88 billion…
Previously, in early August 2026, Hoa Binh Construction Group (HBC - UPCoM) planned to issue over 51.4 million shares at VND 10,000/share to exchange VND514.19 billion in debt from 99 partners. Among these, An Cuong Wood announced it would exchange over VND5.2 billion for 520,500 HBC shares.
Source: VITIC/Bao Tai chinh – Dau tu