Financial reports from Cholimex Food Joint Stock Company (Cholimex Food) indicate that last year's cumulative revenue reached 4,075 billion VND, a 9% increase compared to 2024. The gross profit margin stood at 28%, meaning for every 100 VND in revenue, the company earned 28 VND after deducting the cost of goods sold.
After deducting all expenses, Cholimex Food reported a pre-tax profit of 355 billion VND, an increase of nearly 13% from the previous year. This figure surpassed the 340 billion VND target set by the leadership at the beginning of the year, establishing a new record after nearly half a century of operations.
Cholimex Food has maintained steady growth in two key financial indicators: revenue and profit, over the past 10 years. By the end of last year, the company held over 1,140 billion VND in undistributed after-tax profits. Its total assets currently stand at nearly 2,000 billion VND.
Cholimex Food originated as Truc Dung Import-Export Joint Venture Company in the former District 5, Ho Chi Minh City. Established in 1981, it initially operated in diverse sectors before gradually specializing in seafood and food processing.
The company boasts a portfolio of hundreds of products, primarily dipping sauces, spices, and frozen foods. In its most recent annual report, the leadership stated that it leads the domestic dipping sauce and spice market. Cholimex chili sauce and tomato sauce are available in approximately 100,000 retail outlets, fast-food restaurants, and supermarkets. The company also supplies major restaurant chains such as McDonald's, Haidilao, KFC, and Jollibee.
Cholimex Food's products are also exported to approximately 30 countries. The EU is the company's largest market, accounting for 80% of export sales, followed by Eastern Europe and Australia.
On the stock market, each Cholimex Food share is priced at nearly 400,000 VND. This stock frequently lacks liquidity due to its concentrated shareholder structure. Three major shareholders, Cholimex, Masan, and Nichirei Foods Inc (Japan), collectively hold 92,55% of the capital. Only a small portion belongs to minority investors.
The company has a tradition of distributing annual cash dividends at a rate of approximately 30-50%, meaning each share receives 3,000-5,000 VND.
Phuong Dong
