Specifically, GEE representative said that in the first quarter, consolidated net revenue is estimated at about 4,800 billion, exceeding 10% of the quarterly plan, up 30% over the same period in 2024. Consolidated pre-tax profit is estimated at 465 billion, exceeding 102% of the quarterly plan, up 215% over the same period in 2024.

Meanwhile, the revenue and profit growth rates in the first quarter of 2024 compared to the same period in 2023 were: 9% and 12.5%, respectively. This shows that the Electrical Equipment sector continues to maintain the growth momentum as in 2024. This is the highest quarterly core profit in the company's history. In the past quarter, the units maintained and developed traditional product lines stably, in parallel with market expansion, developing new products with high quality and technology content. Special attention was paid to digital transformation and application in production and business activities.

In this first quarter, CADIVI was recognized as the key unit, contributing the majority of GEE's consolidated revenue and profit with a contribution rate of 60% of net revenue and 75% of consolidated pre-tax profit.

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GEE's consolidated net revenue is estimated to reach about VND4,800 billion in the first quarter of 2025. Photo: GEE.

In 2025, based on the economic growth forecast and the action strategy for the period 2025 - 2030, the Company sets a target of consolidated net revenue of VND 22,282 billion; consolidated pre-tax profit of VND 1,686 billion, up 5.5% and down 21.6% respectively. The Company explained that this year's profit target is lower than last year because in 2025 it is expected that there will no longer be a large profit from the transfer of investments in subsidiaries like in 2024. In 2025, GEE plans to pay cash dividends at a rate of 30%, equivalent to 2024.

The company's leaders emphasized that the company devotes resources to investing in human development, science and technology, and innovation, in which member units are encouraged to spend a maximum of 2% of revenue on R&D. GELEX Electric will promote the partner ecosystem strategy (major domestic and foreign partners) to participate in the global value chain; expand and upgrade product segments/industries with higher added value and proactively receive and grasp technology from international partners, and promote exports.

According to the 2024 annual report that GEE has just announced, as of December 31, 2024, GELEX Electric's total consolidated assets reached VND 12,903 billion. In 2024, the Company's return on equity (ROE) was 26.6%, while in 2023 it was 13.3%, showing remarkable growth and possessing an outstanding competitive advantage in the industry. EPS increased from VND 2,460 to VND 5,294, an increase of more than 115% over the previous year. GEE's financial indicators are all higher than the industry average.

Source: https://vietnamnet.vn/quy-1-2025-gelex-electric-lai-khung-tang-215-so-voi-cung-ky-2384166.html