Digiworld Corporation - “DGW” announces business results in the first quarter of 2021 with the highest net revenue and post-tax profit ever at VND 5,007 billion and VND 107 billion, respectively. The revenue increases 117%, and pre-tax profit records a sharp increase of 137% over the same period of the first quarter of 2020.

Therefore, only for the first 3 months of 2021, Digiworld has excellently reached more than one third of the way - reaching 33% of net revenue and 36% of post-tax profit in accordance with the set business plan of 2021 – VND 15,200 billion in revenue and VND 300 billion in profit. Digiworld achieves such outstanding growth in the first quarter of 2021 thanks to the contribution of core industries. Specifically, as follows:

• - Mobile phone industry: In the first quarter of 2021, this is the industry with the most outstanding growth and also the one contributing the largest to the revenue. The growth of the mobile phone industry in this quarter is recorded at VND2,833 billion, an increase of 148% - 3-digit growth compared to the same period in 2020. The strong growth in this industry is thanks to the launch of new phone models of Xiaomi brand in the first quarter, proving that Xiaomi is not only maintaining its position but also constantly growing in the Vietnamese market. Furthermore, the achievements of Digiworld in the first quarter of 2021 are also thanks to the significant contributions of the iPhone series and the fact that the first quarter is the time of the Lunar New Year - when Vietnamese people have a great demand of buying phones as well as new technology equipment.

• - Laptop & tablet industry: Compared to the first quarter of 2020, laptop and tablet industry in the first quarter of 2021 records a growth of 74%, earning the revenue of VND 1,375 billion. This increase is thanks to the growth of all laptop and tablet brands with which Digiworld cooperates to distribute, including two new brands, Apple and Huawei.
• - Office equipment industry: The year of 2020 is a year full of difficulties and fluctuations, and the office equipment industry is also one of the industries seriously affected. However, in 2021, Digiworld records a strong recovery of this industry with a growth of 128% in the first quarter of 2021, contributing VND 718 billion to Digiworld's net revenue. In 2021, IoT products has increasingly accounted for a large proportion of revenue in this industry, typically Xiaomi, Huawei and Apple brands.
• - Consumer goods industry: In the first quarter of 2021, the consumer goods industry has prospered and recovered more positively. Digiworld records the revenue of VND 81 billion in the first quarter of 2021, an increase of 29% over the first quarter of 2020. For the consumer goods industry, this growth mainly comes from Regenflex osteoarthritis products and Nestle nutritional milk.

Unit: VND billion

In the first few months of 2021, Vietnam is able to control the Covid-19 epidemic, but in the world, the technology and electronic goods production industries have been still affected. Making challenges become opportunities, Digiworld has promoted its strengths which are nearly 25 years of experience in the distribution sector and one of two TOP technology product distributors in Vietnam, to continue its growth and development momentum and gained breakthrough results.

To firmly conquer new challenges, Digiworld always focuses on the Company's 3C development strategy, which is: Con nguoi (People) - Co so (Basis) - Co hoi (Opportunities). In which, "People" is the most important factor, the fulcrum to develop business opportunities. "Basis" is a strong financial foundation and clear management process; "Opportunities" is capturing new opportunities for Digiworld to dominate the market. This 3C strategy is a solid foundation for Digiworld to realize its orientations.

In the following quarters, Digiworld will continue to work actively to achieve the revenue of VND 15,200 billion and profit of VND 300 billion as set out in the business plan of 2021. At the same time, Digiworld will pursue the target of reaching a growth of 25% each year and becoming a "billion-dollar company" which was previously achieved. In such development orientation, the revenue proportion of the following industries: Mobile phone industry is estimated at VND 7,500 billion; laptops and tablets are estimated at VND 5,000 billion; consumer goods industry is estimated at VND 500 billion and office equipment industry is estimated at VND 2,200 billion.

Attachment: Consolidated financial statements - The first quarter of 2021 – Digiworld