Duc Giang Chemicals (DGC) stock will be moved from controlled status to warning status by the Ho Chi Minh City Stock Exchange (HoSE) starting 30/6. The decision, announced on 24/6, follows the company's receipt of a qualified opinion from its auditor on its 2025 financial report. Despite the change, DGC stock will continue to be eligible for full-day trading.
A stock under warning status may face restrictions or be ineligible for margin trading, but it remains tradable on the stock exchange.
Last month, HoSE removed DGC stock from the VN30 index basket and placed it under controlled status – a more severe classification than warning, implying trading restrictions. Despite this, the stock currently remains eligible for full-day trading, though only for even-lot orders.
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Duc Giang Chemicals' plant is located in Tang Loong Industrial Park (Tang Loong commune, Lao Cai province). *Photo: Ngoc Thanh*
The qualified opinion, detailed in Duc Giang Chemicals' audited consolidated financial report for 2025, stems from two main issues. The auditing firm stated it was appointed after the end of the 2025 fiscal year, which made it difficult to conduct an inventory count for DGC.
Auditors performed alternative procedures but could not gather sufficient data for this item. Consequently, the firm indicated it had no basis to conclude on the accuracy of the inventory and its impact on other financial metrics.
Additionally, auditors noted they could not determine whether the indictment of some key former company leaders in mid-March led to material misstatements in the financial report. This is because, nearly three months after the event, authorities have not issued a formal conclusion.
Regarding 2025 business performance, after the audit, Duc Giang Chemicals' revenue remained unchanged from its self-prepared report, at 11,262 billion VND, a 14% increase compared to the previous year. However, post-tax profit decreased by 35 billion VND compared to pre-audit figures, settling at 3,154 billion VND. This figure is still 2% higher than the 2024 results.
Duc Giang Chemicals announced that the record date for shareholders attending the 2026 annual general meeting is 14/7. The meeting is scheduled for 13/8, approximately one and a half months later than initially planned.
In the market, DGC stock fell for three consecutive sessions, closing at 50,400 dong per share on 24/6, valuing the company at approximately 19,141 billion VND.
By Trong Hieu
