The Magic of Words: Transforming Titles with Artistry and Precision “German Chemicals Giant Infuses $20 Million into its Real Estate Venture”

The Duc Giang Chemical Group Joint Stock Company (Stock Code: DGC, HoSE) has just announced a resolution by its Board of Directors to increase the charter capital of Duc Giang Real Estate One Member Co., Ltd. – a wholly-owned subsidiary of Duc Giang Chemical.

Specifically, Duc Giang Chemical plans to inject an additional VND 500 billion to raise the charter capital of Duc Giang Real Estate from VND 500 billion to VND 1,000 billion. The capital increase is expected to take place in the second quarter of 2025.

Mr. Dao Huu Huyen, Chairman of the Board of Directors of Duc Giang Chemical, will represent the contributed capital of DGC in Duc Giang Real Estate.

Duc Giang Real Estate One Member Company Limited was established in 2021, with its head office located at 18, alley 44, Duc Giang street, Thuong Thanh ward, Long Bien district, Hanoi. Its main business lines include real estate trading and leasing of owned, leased, or rented land use rights.

According to the latest enterprise registration content published on December 31, 2024, Mr. Ninh Ngoc Cu (born in 1967) is the Director and Legal Representative of Duc Giang Real Estate.

In terms of business results, for the first quarter of 2025, Duc Giang Chemical recorded consolidated revenue of over VND 2,810.3 billion, up 17.8% compared to the same period last year. After deducting the cost of goods sold, gross profit reached nearly VND 980.2 billion, up 27.9% year-on-year.

During the period, financial income was recorded at nearly VND 164.6 billion, slightly lower than the first quarter of 2024. In line with this, financial expenses also decreased by 15.4% to VND 15.2 billion. In contrast, both selling expenses and administrative expenses increased slightly.

After deducting taxes and other expenses, Duc Giang Chemical reported a net profit of nearly VND 836.8 billion, up 18.9% over the same period last year.

For the full year 2025, Duc Giang Chemical set its business plan with consolidated revenue expected to reach VND 10,385 billion and after-tax profit of VND 3,000 billion.

Thus, by the end of the first quarter of 2025, the company had achieved 27.1% of its revenue plan and 27.9% of its after-tax profit target.

As of March 31, 2025, Duc Giang Chemical’s total assets increased slightly by 4.4% from the beginning of the year to over VND 16,516.1 billion. Of this, the company holds nearly VND 11,097.9 billion in term deposits, accounting for 67.2% of total assets.

In addition, the company also recorded inventories of over VND 962.7 billion, slightly lower than the beginning of the year, accounting for 5.8% of total assets; and fixed assets of over VND 2,427.3 billion, or 14.7% of total assets.

Long-term assets under construction amounted to over VND 212.7 billion, up 31.9% from the beginning of the year. This includes mainly the basic construction costs of the Nghi Son Chemical Plant and Dak Nong Plant projects, along with some other projects.

On the liability side of the balance sheet, total liabilities stood at over VND 2,201.5 billion, a slight increase of 3.8% from the beginning of the year. Short-term loans and finance leases accounted for VND 1,079.6 billion, up 24.9% from the beginning of the year and representing 49% of total liabilities. Bonus and welfare funds amounted to over VND 560.9 billion, up 21.3%, and accounted for 25.5% of total liabilities.