Construction Corporation No. 1 (CC1) recently released its audited financial report for last year, showing consolidated revenue of nearly 11,820 billion VND. This figure represents a 16% increase year-on-year and is the highest since the company's establishment. Construction and installation activities contributed the majority of this revenue, reaching nearly 9,160 billion VND, with the remainder coming from goods sales, service provision, and real estate business.

Despite the record revenue, CC1's significant expenses, such as interest payments and corporate administration, increased sharply. After all deductions, the company reported a pre-tax profit of 270 billion VND and a post-tax profit of nearly 190 billion VND, decreasing by 8% and 17% respectively year-on-year. This marks the lowest profit level in the past five years. Consequently, the net profit margin reached 1,6%, down from 2,2% the previous year.

The audited post-tax profit was approximately 37 billion VND lower than the company's self-prepared financial report. According to management's explanation, this difference was due to the auditing firm adjusting profits at subsidiaries and associates, as well as making provisions for financial investments and bad debts.

CC1 is a member of the Vietur consortium, which is constructing the passenger terminal package for Long Thanh international airport, valued at approximately 35,000 billion VND. Additionally, the company is involved in two other packages at Long Thanh airport: internal port traffic works and the parking garage. In the 2025 consolidated financial report, the company recorded production and business costs for the Long Thanh project of nearly 183 billion VND.

CC1 is currently trading on UPCoM at around 34,000 VND per share, corresponding to a market capitalization of approximately 13,500 billion VND. The company's stock was recently placed under restricted trading by the Hanoi Stock Exchange (only trading on Fridays) starting early this month due to a delay of over 45 days in submitting its audited financial report.

Exterior of the Long Thanh airport passenger terminal under construction by the Vietur consortium (including CC1), 12/2025. Photo: CC1 Website.

Exterior of the Long Thanh airport passenger terminal under construction by the Vietur consortium (including CC1), 12/2025. Photo: CC1 Website.

In the 2025 annual report, company management stated that this delay was "due to several objective reasons and specific factors in production and business activities." 2025 was the first year the company collaborated with the auditing firm, a period that also saw double-digit revenue growth as data from numerous large and complex projects nationwide were consolidated. At that time, the company stated that it had not yet reached a consensus with the auditing firm on how to handle certain work items, thus requiring additional time for completion.

This year, CC1 aims for consolidated revenue to set a new record of 18,607 billion VND, while pre-tax profit is targeted at 492 billion VND. According to management, large-scale projects such as Cat Lai bridge, Long Hung bridge, and Ring Road 4 of the Capital Region are expected to start contributing revenue and profit in the coming period. Participation in metro projects will also supplement revenue, increase contract value, and reduce reliance on traditional construction segments amidst a push for urban infrastructure investment.

CC1 was established in 1979, specializing in the construction and installation of civil, industrial, infrastructure, and energy projects.

Phuong Dong