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Quang Ninh Thermal Power Joint Stock Company (QTP) was established in 2002 with the founding shareholders including Vietnam Electricity Corporation (EVN), Vietnam Coal – Minerals Corporation (TKV), Construction Mechanical Corporation (COMA), Vietnam Construction Export Import CORPORATION (VINACONEX) and Vietnam Machinery Installation Corporation (LILAMA). The company operates mainly in the field of construction investment, operation management of thermal power plants, production, transmission and distribution of electricity. QTP is currently managing and operating 04 generating units of Quang Ninh 1 Thermal Power Project and Quang Ninh 2 Thermal Power Project with a total capacity of 1,200MW. In addition, the Company is involved in the wholesale of materials and other installation equipment in construction, production of concrete, lime and plaster, and construction of other civil engineering works. QTP has been traded on the UPCOM market since March 2017.
QTP currently has a market capitalization of roughly VND 4.975 billion, placing it in the mid-cap group on the Vietnamese stock market. Its current P/E of 4x is 53% below its own 8-year average (8,6x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 0,8x, 22% below its multi-year average of 1,1x. Return on equity (ROE) is at 21,5%, up from 19,4% the year before. Its debt-to-equity ratio of 0x is low, reflecting a conservative capital structure. In 2025, revenue fell 9% year-on-year while after-tax profit grew 67%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.