HJS has just announced an explanation for the discrepancies in its 2024 Financial Report. The company’s net revenue for 2024 reached 500 billion VND, an increase of 20% compared to the previous year. However, net profit only grew by 10%, reaching 50 billion VND, due to high operating costs, particularly for raw materials and labor. HJS stated that this was due to rising commodity prices in the market and minimum wage pressures for employees. Additionally, HJS invested in upgrading production technology to improve efficiency, but this resulted in higher initial investment costs. The company is committed to implementing cost-saving measures and optimizing production processes to minimize discrepancies and ensure sustainable growth in the coming years.
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