Hua Na Hydropower Joint Stock Co

Hua Na Hydropower Joint Stock Co

HHOSE:HNA
21,000.00
VND
0.00
(0.00%)
1,835.82EPS
11.90P/E
5.14TMarket Cap
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,183.04
3,353.9
4,904.22
4,410.28
Basic EPS, GAAP
1,005.48
1,154.6
2,022.74
1,835.82
Free Cash Flow per Basic Share
1,352.03
964.76
2,483.1
3,295.01
Dividend per Share
1,491.74
993.44
996.52
3.49
Book Value per Share
13,718
13,794.23
14,737.92
15,525.39
Tangible Book Value per Share
13,718
13,794.23
14,737.92
15,525.39
Basic Weighted Avg Shares
235
235
235
217
Sales/Revenue/Turnover
748,753
788,946
1,153,630
958,417
Operating Margin (%)
36.02
36.29
44.24
44.15
Depreciation Expense
284,509
292,355
327,351
327,979
Net Income, GAAP
236,522
271,598
475,813
398,949
Effective Tax Rate (%)
5.09
5.16
5.09
7.74
Profit Margin (%)
31.59
34.43
41.24
41.63
Working Capital
302,078
259,399
706,182
1,029,877
LT Debt
90,435
401,384
327,040
306,600
Total Equity
3,226,914
3,244,847
3,466,833
3,652,072
Return on Invested Capital (%)
- -
7.55
12.42
10.25
Return on Capital (%)
- -
7.86
13.2
10.92
Return on Common Equity (%)
- -
8.39
14.18
11.54

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
74,344
49,359
40,880
LT Borrowings
327,040
327,040
306,600
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
235
235
235
Market Capitalization
5,057,493
5,339,771
5,139,824

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
881,301
1,004,556
1,170,123
Cash, Cash Equivalents & STI
682,093
816,830
929,352
Accounts Receivable, Net
170,410
153,022
195,360
Inventories
19,395
19,892
21,393
Total Current Liabilities
175,118
148,647
140,245
Payables & Accruals
- -
- -
- -
ST Debt
74,344
49,359
40,880
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
6.84%
Free Cash Flow
- -
- -
157.38%
Net Income, GAAP
- -
- -
75.19%
Sales/Revenue/Turnover
- -
- -
46.22%
Total Cash Common Dividend
- -
- -
0.31%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
102,330
103,219
323,656
259,741
788,946
2025
175,580
211,537
- -
302,084
1,153,630
2026
205,431
239,364
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-16.11
-43
786
427
1,154.6
2025
172.34
568
- -
412
2,022.74
2026
403.04
486
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.26
0.05
992.01
993.44
2025
0.45
0.26
- -
2.67
996.52
2026
0.12
0.25
- -
- -
- -

Company Description

CEO
Thanh Huy Bui
Full Time Employees
140
Sector
Utilities
Industry
Alternative power generation
Address
Vinh Vietnam
IPO Date
Jan 12, 2024
Business
Hua Na Hydropower Joint Stock Company is a Vietnam-based renewable energy enterprise primarily engaged in the generation, transmission, and wholesale distribution of hydroelectric power. Founded in 2007 and headquartered in Vinh City, Nghe An Province, Vietnam, the company operates as a major power generation subsidiary of PetroVietnam Power Corporation (PV Power), a member of the state-owned Vietnam National Oil and Gas Group (Petrovietnam). The company operates within the independent power producer (IPP) and utilities sector, serving the domestic electricity market through long-term power purchase agreements with Vietnam Electricity (EVN). The company owns and operates the Hua Na Hydropower Plant, a 180-megawatt (MW) capacity facility situated on the Chu River in Que Phong District, Nghe An Province, comprising two 90-MW turbine units with a design capacity to supply approximately 717 million kilowatt-hours (kWh) of commercial electricity annually to the national grid. The company's core operations and services encompass: generation and wholesale delivery of commercial hydroelectric energy; operation, diagnostic monitoring, routine maintenance, and overhaul services for hydroelectric turbines, transformers, and auxiliary electromechanical equipment; reservoir capacity management, dam safety monitoring, and seasonal flood mitigation services within the Chu River basin; engineering consultancy, project management, and construction supervision for hydropower and civil infrastructure; and clean energy asset development and investment. In recent developments, Hua Na Hydropower Joint Stock Company transitioned its public listing by officially listing 235.2 million shares on the Ho Chi Minh Stock Exchange (HOSE) under the ticker symbol HNA in January 2024, transferring from the UPCoM market to increase corporate transparency and broaden access to institutional capital. Additionally, to expand its operational footprint and generating assets beyond its flagship facility, the company initiated the acquisition of equity in Nam Nhu 1 Hydropower Joint Stock Company in Dien Bien Province. The company has also executed comprehensive operational upgrades across its generating units, integrating automated supervisory control and data acquisition (SCADA) monitoring systems, optimizing competitive power pool bidding on the Vietnam Wholesale Electricity Market (VWEM), and accelerating debt amortization schedules to lower financing costs and enhance operating cash flows.