The Steel King Hòa Phát sells chicken eggs and produces animal feed, profits rivaling specialists

CP Hòa Phát Corporation (HPG) achieved impressive results in the first quarter of 2025 with a revenue of VND 37 trillion and a net profit of VND 3.3 trillion, increasing by 19% and 15% year-on-year, respectively. The agriculture sector, invested by Hòa Phát since 2015, attained a profit of VND 400 billion, asserting its competitive position even against long-established companies in the field. The group currently owns four agricultural companies and stands out with a production of 330 million chicken eggs, maintaining the leading position in Northern Vietnam with 900,000 eggs daily. In 2024, the agriculture sector accounted for 5% of the group’s revenue and 8% of its profit, boasting outstanding profit growth compared to 2023. With ambitious plans ahead, Hòa Phát aims for a profit of VND 4 trillion in the next three quarters to fulfill its business objectives, presenting both opportunities and challenges for the group.