Ho Chi Minh City Stock Exchange (HoSE) has just announced the handling of violations against the listed organization TMT Auto Corporation (HoSE-TMT), located at Coninco building, Kim Lien ward, Hanoi city .

Accordingly, TMT shares are kept under warning status according to Decision No. 177/QD-SGDHCM of the General Director of HoSE.

The reason is that TMT Motors' undistributed profit as of June 30, 2025 is negative by more than VND 215 billion according to the audited consolidated financial statements for the 2025 semi-annual period. The shares do not meet the regulations on the Listing and Trading Regulations for Listed Securities issued under the decision of the HoSE Board of Members.

TMT shares have not been traded on margin according to HoSE's announcement.

TMT shares are on the normal warning list, which means high risk and makes investors wary. Trading has also dropped sharply, which could affect the stock price.

Also according to the semi-annual financial report, TMT has owner's equity of nearly 373 billion VND. With the accumulated loss as above, owner's equity is only over 167 billion VND.

TMT's accumulated losses are still very large even though in the first 6 months of the year, TMT Motors had quite positive business results, with a profit of nearly 55 billion VND, compared to a loss of nearly 99 billion VND in the same period last year. TMT made a profit thanks to the previous inventory clearance campaign and early repayment of bank loans.

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A car distributed by TMT Motors for 399 million VND. Photo: TMT Motors

Previously, TMT Motors suffered continuous losses for many quarters, since the last quarter of 2023, peaking at nearly VND 123 billion in the fourth quarter of 2024, after losing more than VND 100 billion in the second quarter of 2024 and losing about VND 93 billion in the third quarter of 2024 due to selling below cost price, too high financial costs, and large inventories.

The Chinese electric car giant lost more than half of its charter capital by the end of 2024, and the reason was explained as "general economic difficulties, frozen real estate, inflation risks, people tightening spending..." causing car consumption to decrease sharply.

In 2025, TMT plans to have net revenue of more than VND 3,838 billion and after-tax profit of VND 270 billion. Thus, in the first half of this year, TMT has only completed about 32% of the revenue plan and 20% of the profit target for the whole year.

The Vietnamese giant selling Chinese electric cars suddenly 'changed its fortunes'. The Chinese giant selling electric cars - TMT Automobile (TMT Motors) escaped losses and turned to profit in the first half of 2025 thanks to the previous inventory clearance campaign and early repayment of bank loans.

Source: https://vietnamnet.vn/dai-gia-viet-ban-xe-trung-quoc-bi-xu-ly-vi-pham-2435145.html