Following the review, Group 911 reported a net profit of over 14 billion VND, a 15% decrease compared to the self-prepared financial statements. The main reason for this decrease was the foreign exchange loss incurred when revaluing payables to foreign suppliers as of June 30, 2025, amounting to 2.1 billion VND. As a result, financial expenses increased by more than 37% compared to the pre-review period.
Revenue remained unchanged at nearly 840.5 billion VND, with a gross profit margin of 7.7%. As of the first half of the year, the company had achieved 96% of its revenue plan and 66% of its annual profit target.
NO1 notes that the consolidated financial statements for the first six months of 2025 do not include comparative figures for the previous year as this is the first period for which consolidated statements have been prepared.
NO1 chooses VinFast vehicles to launch its electric taxi service under the brand name “911 Taxi”
|
As of June 30, 2025, NO1 owned 65% of CTCP Van Tai Dich and Dich Vu 991 Group Future (Dong Nai), a company specializing in vehicle transportation and repair. Through this subsidiary, NO1 is implementing its plan to establish an electric taxi company, officially receiving a batch of VF5 electric vehicles from VinFast on March 18, 2025, and commencing pilot operations in Dong Nai, Ho Chi Minh City, and Binh Duong.
|
The 911 Taxi project has a scale of 500 billion VND and aims to increase the fleet size to 800 vehicles by 2026, along with developing 4 integrated service workshops, charging stations, sales points, and leasing services. The idea for an electric taxi service was initiated by the former Chairman, Luu Dinh Tuan. In October 2024, NO1 signed a memorandum of understanding with CTCP Di Chuyen Xanh and Thong Minh GSM regarding plans to lease and purchase 2,200 VinFast electric vehicles, with 200 vehicles to be delivered by the end of 2024 and the remaining in 2025. |
Prior to this, NO1 inaugurated its electric taxi service “911 Taxi” along with the VinFast 911 Bien Hoa service workshop, as part of its strategy to develop green transportation in the southern region. The company stated that it had signed a purchase agreement for 400 VinFast vehicles, 100 of which are already in operation, and they are in the process of receiving an additional 100. It is expected that by the end of Q3 2025, all vehicles will be delivered for the official market launch.
In parallel, NO1 is developing the 911 Taxi application and finalizing the service management team in Bien Hoa. They also plan to operate an additional 2S VinFast service workshop by the end of May.
On the stock exchange, NO1’s share price is trading at 7,600 VND/share as of the morning session on August 22, reflecting a nearly 17% increase over the past year, with an average trading volume of approximately 311,000 shares per day. However, the stock has lost nearly half of its value since its peak of 13,300 VND/share in late November 2024.
| NO1 Share Price Movement over the Past Year |
– 11:13 22/08/2025
Profits Plummet for Tire Manufacturing Group
The second quarter of 2025 witnessed a distinct dichotomy within the rubber industry, with a clear divide between product manufacturers and latex harvesters. While rubber tappers thrived amidst sustained high latex prices, tire manufacturers faced significant challenges due to soaring raw material costs, resulting in their lowest gross profit margins in a decade.
Which Brokerage Firm Leads the Pack in Core Business Operations?
According to data from VietstockFinance, the top 10 most profitable securities firms account for 75% of the total profits in the industry. This highlights a significant profit disparity within the sector. With such a stark contrast in financial performance, it begs the question: which companies are leading the way in the core business areas?
“Unsuccessful Auction for Haxaco’s 6,200 sqm Land in Ho Chi Minh City”
The prime land plot located on Vo Van Kiet Street in Ho Chi Minh City, spanning an impressive 6,282.6 square meters, was initially put up for auction with a starting bid of VND 1,130.8 billion. Despite the attractive offering, the auction unfortunately did not attract any bidders by the deadline.
Record-Breaking Profits for Rubber Group Since 2012
The rubber price surge in Q4 has led to impressive revenue and profit figures for the Vietnam Rubber Group (HOSE: GVR), with results showing the highest figures in over a decade.
The Golden Touch: Unlocking Revenue Growth with PNJ’s 24K Magic
As of May 10, 2024, PNJ reported remarkable growth with a revenue of 32,371 billion VND, reflecting a 22.7% increase compared to the same period last year. The company’s net profit also rose to 1,600 billion VND, representing a 4.4% year-over-year growth.
