Vietnamese Company Exploits the “1 Capital 4 Profits” Mineral for Defense and Batteries, Profits Exceed 470 Billion

Hà Giang Mechanic and Mineral Joint Stock Company (HGM) reported Q4 2025 financial results with a net revenue of 88.33 billion VND, down 27% compared to Q4 2024. However, total revenue for 2025 was 695 billion VND, an 87% increase from 2024, and a net profit after tax reached 476 billion VND, increasing by 157%. The company’s main product is Antimony, a crucial mineral used in military and high-tech applications. Revenue from Antimony exports rose to 685 billion VND, up 94%, while domestic sales fell by 39%. Antimony is essential for various technology devices including smartphones and cars. On January 21, 2025, HGM shares were priced at 230,000 VND each, with a market capitalization of approximately 2.9 trillion VND.

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