Enterprise

“TCM Posts Nearly Double Profits for July, Anticipating a Surge in Year-End Orders”

The Ho Chi Minh City Stock Exchange-listed Thanh Cong Textile Garment Investment and Trading Joint Stock Company (HOSE: TCM) has reported robust financial results for July 2025, anticipating a vibrant fourth quarter as the festive and holiday season approaches.

Administrator

28 August, 2025

Illustrative image of textile production at TCM

In July, TCM reported consolidated revenue of 314.4 billion VND, a 79% increase compared to the same period last year. Net income reached 26.3 billion VND, a significant 95% surge.

For the first seven months of the year, consolidated revenue stood at 2,160 billion VND, a slight 1% increase year-on-year, accounting for 48% of the annual plan. Net income totaled 184.9 billion VND, marking a 12% rise and fulfilling 66% of the yearly target.

During July, garments accounted for 74% of the consolidated revenue, fabric contributed 21%, and fiber made up the remaining 4%. Notably, the fabric segment witnessed a boost compared to the previous year, attributed to the trend of local enterprises prioritizing the purchase of domestic fabric to take advantage of export tax incentives to the EU and CPTPP regions. Moreover, sourcing fabric locally helps mitigate the risk of transhipment taxes when exporting to the US.

In July, the company’s textile exports were primarily directed towards Asian markets, accounting for 63.9% of the total. Japan and South Korea were the leading importers within this region, with shares of 20.35% and 19.24%, respectively. The American market accounted for 26.5% of exports, mainly to Canada (16.03%) and the US (10.26%). European countries represented 9.5% of the exports, with the UK taking the lion’s share at 4.48%.

Outlook for Q4 Orders

TCM has been actively securing orders for the fourth quarter of 2025, which coincides with the peak consumption season for festivals and holidays. Recently, the US announced a 20% retaliatory tariff on Vietnamese textile and apparel products, a rate considered more competitive than those imposed on similar goods from China and India.

Additionally, TCM, along with numerous Vietnamese textile and apparel enterprises, is strategically expanding its exports to the EU and CPTPP regions to leverage the benefits of free trade agreements. The company anticipates an improvement in order volume during the final quarter of the year.

Vietnam’s textile and apparel exports in July 2025 are estimated at 4.45 billion USD, reflecting an 8.2% increase from June and a substantial 21% year-on-year growth. For the seven-month period, export turnover reached 26.34 billion USD, a 9% increase. Specifically, garment exports amounted to 20.97 billion USD, marking an 11.3% rise. Conversely, exports of fibers and yarns decreased by 4.2% and 2.6%, respectively, totaling 2.44 billion USD and 1.6 billion USD.

On the stock exchange, TCM’s share price currently hovers around 30,000 VND per share, reflecting a 9% decline over the past month and a more considerable 31% drop from its price a year ago. Average daily trading volume stands at approximately 2 million shares.

Share Price Movement of TCM from the Beginning of 2025 until Now

The Manh

– 13:58 28/08/2025