According to the Zhitong Finance App, Vietnam Manufacturing, Processing and Export (00422) released results for the year ended December 31, 2023, with revenue of US$105 million, a year-on-year decrease of 27.8%; gross profit of US$15.5 million, up 1.9% year on year; profit after tax of US$1.7 million, turning a year-on-year loss into a profit of US$1,686,200, while a loss of US$203,300 was achieved in the same period in 2022; profit per share was US$0.0019.
For the year ended December 31, 2023, the group's total sales volume in Vietnam was about 3,950 vehicles (including about 8,500 Sokodas and 310,000 national cars), a decrease of 13% compared to the same period last year. For the year ended December 31, 2023, the Group's total sales volume of Sokodas and national cars exported to ASEAN countries was about 46,800 units, a decrease of 26.9% over the same period last year.