1. Vietnam Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Refrigeration Electrical Engineering Corp.

Refrigeration Electrical Engineering Corp.

HHOSE:REE
46,000.00
VND
-250.00
(-0.54%)
30.93TMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,217.48
3,241.11
3,211.34
4,436.95
6,056.65
6,184.55
5,928.93
6,838.21
7,067.31
15,077.32
13,787.26
13,458.94
16,072.4
- -
Basic EPS, GAAP
1,300.93
1,309.04
1,036.38
1,325.54
1,669.72
2,163.07
1,987.16
1,974.04
2,256.6
4,331.65
3,520.56
3,200.13
4,060.2
- -
Free Cash Flow per Basic Share
-67.94
745.9
544.28
451.01
494.67
-302.84
29.79
-947.03
-2,904.38
1,336.88
3,127.91
4,412.37
1,105.12
- -
Dividend per Share
515.58
517.5
516.31
323.31
596.32
595.04
668.96
595.45
0.2
492.35
566.34
653.77
753.5
819.71
Book Value per Share
6,442.51
7,180.49
7,680.31
8,676.81
9,741.64
11,299.1
12,606.4
13,931.7
16,180.84
21,691.9
27,860.86
30,341.36
33,626.37
34,903.07
Tangible Book Value per Share
6,425.32
7,041.59
7,581.34
8,611.85
9,700.26
11,261.27
12,239.96
13,556.33
15,725.91
20,776.05
26,920.99
29,516.9
32,845.81
34,185.95
Basic Weighted Avg Shares
750
811
823
825
825
825
825
825
822
622
622
623
623
623
Sales/Revenue/Turnover
2,413,407
2,629,386
2,643,384
3,659,363
4,995,173
5,100,655
4,889,832
5,639,753
5,809,811
9,371,928
8,569,918
8,383,667
10,011,611
- -
Operating Margin (%)
16.05
23.8
24.84
23.8
19.18
20.35
20.19
22.53
32.52
39.66
35.29
29.8
30.7
- -
Depreciation Expense
61,184
57,143
132,711
139,557
130,118
161,304
182,619
321,517
892,770
1,225,257
1,263,901
1,298,493
1,384,897
- -
Net Income, GAAP
975,819
1,061,971
853,082
1,093,237
1,377,087
1,783,972
1,638,894
1,628,076
1,855,080
2,692,517
2,188,317
1,993,386
2,529,126
- -
Effective Tax Rate (%)
10.28
12.97
15.07
14.69
11.52
11.01
10.43
10.92
11.02
9.36
8.82
10.85
10.49
- -
Profit Margin (%)
40.43
40.39
32.27
29.88
27.57
34.98
33.52
28.87
31.93
28.73
25.53
23.78
25.26
- -
Working Capital
1,141,435
1,398,683
1,521,817
1,487,616
2,724,399
2,931,166
2,730,306
2,565,199
2,743,602
4,487,267
5,579,627
7,215,722
8,554,286
7,921,959
LT Debt
237,768
409,904
561,132
899,221
2,308,625
2,069,934
4,739,199
4,334,711
10,739,973
9,945,951
9,504,888
9,142,740
9,379,676
8,928,907
Total Equity
5,201,199
6,338,251
6,683,020
7,721,141
8,693,277
9,928,368
11,101,669
12,212,649
16,357,877
19,203,693
20,770,101
22,454,784
24,796,538
25,677,028
Return on Invested Capital (%)
10.89
16.37
11.9
13.72
14.49
15.16
11.43
9.77
9.14
12.15
8.86
7.36
9.2
- -
Return on Capital (%)
19.17
16.56
11.97
12.6
12.68
15.21
12.93
11.11
9.42
9.08
7.89
7
7.38
- -
Return on Common Equity (%)
20.73
19.12
13.93
16.21
18.13
20.56
16.63
14.9
14.99
18.69
13.33
11.01
12.69
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,472,604
1,476,465
1,266,151
LT Borrowings
9,379,676
9,312,383
8,928,907
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
623
623
623
Market Capitalization
33,041,146
37,103,582
30,927,326

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,701,486
13,821,466
13,748,696
Cash, Cash Equivalents & STI
7,697,530
7,849,109
7,372,693
Accounts Receivable, Net
3,077,036
2,972,636
2,555,228
Inventories
1,523,628
1,393,236
1,686,647
Total Current Liabilities
5,147,200
5,726,348
5,826,737
Payables & Accruals
- -
- -
- -
ST Debt
1,472,604
1,476,465
1,266,151
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.22%
15.61%
10.43%
Free Cash Flow
-338.61%
34.26%
-74.95%
Net Income, GAAP
13.32%
11.66%
26.88%
Sales/Revenue/Turnover
16.13%
14.6%
19.42%
Total Cash Common Dividend
18,422.4%
36,835.12%
15.25%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,837,473
2,183,147
2,029,424
2,333,623
8,383,667
2025
2,068,363
2,513,508
- -
2,877,578
10,011,611
2026
2,470,752
2,426,397
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
771.27
569.57
770.43
1,088.7
3,200.13
2025
1,128.7
1,001
- -
994.78
4,060.2
2026
1,146.63
1,015
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
183.74
797.25
463.43
-790.39
653.77
2025
264.64
1,092.91
- -
-569.95
753.5
2026
71.84
1,318.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hai Thanh Huynh
Full Time Employees
2,001
Sector
Consumer durables
Industry
Electronics/Appliances
Address
Ho Chi Minh City Vietnam
IPO Date
Jul 18, 2000
Website
reecorp.com
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Business
Refrigeration Electrical Engineering Corporation is a diversified engineering, infrastructure, and utility conglomerate that specializes in mechanical and electrical engineering contracting, air conditioning manufacturing, commercial real estate development and office leasing, and power and water utility investments. Founded in 1977 and headquartered in Ho Chi Minh City, Vietnam, the company operates primarily across Vietnam through four core business pillars: Mechanical and Electrical Engineering (M&E), Manufacturing, Real Estate, and Utilities. The company offers a comprehensive portfolio of products and services, including engineering, procurement, installation, testing, and commissioning of mechanical and electrical systems for commercial, industrial, residential, healthcare, and public infrastructure facilities; turnkey installation of heating, ventilation, and air conditioning (HVAC) systems, electrical power distribution networks, plumbing and sanitation systems, fire prevention and firefighting systems, and integrated building management systems (BMS); manufacturing, assembly, marketing, and distribution of residential, commercial, and industrial air conditioning systems, chillers, air handling units, fan coil units, and refrigeration equipment under the Reetech brand name; development, property management, and leasing of prime commercial office buildings and business centers under the E.town brand; generation and sale of electricity through a diversified portfolio of renewable and clean energy assets, including run-of-river and reservoir hydroelectric plants, commercial and industrial rooftop solar systems, utility-scale solar farms, and onshore and nearshore wind power projects; and clean water treatment, water supply transmission, distribution network management, and environmental utility operations. In recent major developments, the company has completed construction and commenced commercial operations and leasing for the E.town 6 Grade-A commercial office tower in Ho Chi Minh City, developed to LEED Platinum green building standards; secured major high-profile M&E contracting packages for strategic national infrastructure projects, including mechanical and electrical systems for the Long Thanh International Airport development and Tan Son Nhat International Airport Terminal 3 expansion; accelerated the expansion of its renewable energy generation portfolio through targeted capacity additions in industrial rooftop solar and wind energy assets; and completed a strategic corporate restructuring to consolidate its operations into specialized holding subsidiaries—REE M&E, REE Land, REE Energy, and REE Water—to enhance capital efficiency, streamline operational governance, and drive long-term expansion in sustainable infrastructure.