•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
CTCP Tập đoàn Hóa chất Đức Giang (DGC) has issued a document outlining measures and a roadmap to address its shares being placed under warning due to the late submission of audited financial statements for 2025 beyond the 15-day grace period.
At the Extraordinary General Meeting of Shareholders scheduled for May 8, 2026, DGC will select a new auditing firm for the 2025 financial year. The shortlisted candidates are A&C Auditing and Consulting Co., Ltd. and UHY Auditing and Consulting Co., Ltd.
After the auditing firm is selected, DGC stated it will begin the audit work and disclose information, with an expected timeline in Q2 2026. The selected firm will audit the 2025 financial statements, review the semi-annual financial statements, and audit the 2026 financial statements.
Previously, HoSE placed DGC stock on warning from April 23. The stock was also removed from the margin trading list due to delayed publication of audited financial statements beyond the 5 business day grace period.
Under current rules, listed companies must publish audited financial statements within 10 days of signing, but no later than 90 days after the end of the fiscal year.
In standalone terms, DGC reported 2025 revenue of 11,262 billion VND, up 14% year-on-year. Net profit after tax reached 3,189 billion VND, up 3% year-on-year.
Alongside audit-related matters, DGC’s upcoming Extraordinary General Meeting will also elect three new members to the Board of Directors to replace individuals who have been prosecuted and placed under remand: Đào Hữu Huyền, Đào Hữu Duy Anh, and Phạm Văn Hùng.
Separately, DGC extended the time to hold its 2026 Annual General Meeting, originally planned for June 30, 2026, to await the results of the Board of Directors election at the Extraordinary Meeting and the audited 2025 financial statements.
In Q1 2026, DGC recorded net revenue of 2,125 billion VND, down 24% year-on-year, while net profit after tax fell nearly 49% to 430 billion VND.
The company attributed the decline to a sharp rise in input costs, particularly sulfur prices, which tripled versus the same period. DGC also cited the stoppage of mining at its key 25th apatite mine, which forced the company to rely on imported ore and external purchases, increasing the cost of producing yellow phosphorus.
As of the end of Q1 2026, DGC’s total assets exceeded 18,000 billion VND. Cash and cash equivalents accounted for about 62% of total assets, equivalent to over 11,200 billion VND. The company reported that this liquidity generated more than 148 billion VND in interest income during the quarter, supporting profits.
On the stock market, DGC shares have paused their sharp decline after unfavorable information about management. The price has retreated to a three-year low. As of May 5, the closing price was 53,000 VND per share.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
