(Tuoi tre Thu do) HVC Group strives to be in the top 500 largest enterprises in Vietnam

Tuoi Tre Thu Do, welcome to follow here

From the young aspiration, the desire to conquer technology, conquer the new entertainment equipment market in Vietnam, to become a private economic group in the Top 500 largest enterprises in Vietnam by 2026 target of HVC Group.

On April 26, in Hanoi, HVC Group (stock code HVH) held the Annual General Meeting of Shareholders in 2023, reported the results of production and business activities in 2022 and the plan to implement the production plan. business in 2023.

A representative of HVC Investment and Technology Joint Stock Company (HVC Group) said that in 2022, the business lines of HVC Group are associated with the real estate sector, but are also affected by high inflation, the market Bonds, securities and real estate markets such as: Unit prices of raw materials "escalate", management costs are higher than expected, debt recovery is difficult, customer expansion is not as expected...

However, with the experience of overcoming difficulties in the years of COVID-19, the business has stabilized the situation, creating many bright spots in the field of electromechanical general contractors and high-end entertainment equipment general contractors.

Actual revenue in 2022 reached VND 443 billion, increased by 15%, after-tax profit reached VND 22 billion, reaching 71%, paying dividends to shareholders 10%, reaching 100% of the plan, the life of employees The company's employees are stable, the company's welfare is better than in 2021. The above figures clearly reflect the internal potential, the unity above and below, creating a firm belief for the medium and long-term development journey. term of HVC Group.

“Influenced by the socio-economic situation in 2022, HVC Group continues to affirm its leading position in the high-end entertainment general contractor market by cooperating with large investors such as Vingroup, Sun Group, Apec Group, Thang Long Invest, Masterise Home…” - Member of the Board of Directors and General Director Le Van Cuong reported.

At the same time, HVC Group has completed and handed over many projects to the investor such as: Mini water park in Dai An urban area; Novaworld Phan Thiet Water Park; Son Tien Water Park; The swimming pool system at the projects of many reputable investors...

In particular, 2022 marks a major turning point in the field of water music when HVC Group designs and completes phase 1 of Southeast Asia's largest water music project at The Global City (HCM). Highly appreciated by Masterise Home investor. Completing the package of equipment supply and renovation of water music in Van Phuc City.

Regarding M&E general contractor activities, in 2022, HVC Group is continuing to firmly consolidate its position of the Top prestigious and quality M&E contractors in Vietnam as a general M&E contractor with major projects such as: Vinhomes Dream City, Vinhomes Dai An, The Horizon Bay Ha Long... Complete the project of commercial center Danko City Thai Nguyen, Vinhomes Grand Park...

In 2022, HVC Hung Yen Equipment Factory will develop stably. The factory's products are guaranteed to supply HVC Group projects to help businesses limit many risks from fluctuations in input materials. Le Van Cuong said that the factory's 2023 plan continues to ensure the quantity and quality of products supplied to HVC Group to limit risks from price fluctuations.

In addition, in 2022, HVC Group will continue to invest in new technologies for production and business and professional management activities. In addition, HVC Group completes and continues to prepare for investment opportunities in real estate projects in Hoa Binh, especially resort real estate.

Answering questions from shareholders when monitoring the growth of the company's outstanding loans from 2020 to 2022 from VND 65 billion to VND 94 billion, Chairman of the Board of Directors (term of 2018 - 2023) Tran Huu Dong shared, HVC As a contractor with the main revenue from Vingroup, in recent years, Vingroup investor has used the option of paying contractors in the form of factoring. That is, the investor commits to pay this loan to the bank.

“Thus, with the figure of 94 billion, HVC actually only borrowed 12 billion dong from the bank, the remaining 82 billion dong is factoring. That means the company's receivables will also be reduced by 82 billion dong, the financial indicators will definitely be much better than the audit report "- this information.

At the Annual General Meeting of Shareholders in 2023, shareholders approved the reports and proposals of the Board of Directors, the Board of Directors and the Supervisory Board. The AGM also conducted the election of the Board of Directors and Supervisory Board for the term 2023 - 2028, the vote counting results with 5 members: Mr. Tran Huu Dong, Mr. Do Huy Cuong, Mr. Le Van Cuong, Mr. Truong Thanh Tung and Mr. Dao Thanh Paint. The new Supervisory Board consists of 3 members: Ms. Dao Thi Dung, Ms. Ha Thi Linh and Ms. Nguyen Thi Thuy Lan.

HVC was founded on March 21, 2011 from the founder's youthful aspirations, the desire to conquer technology and conquer the new entertainment equipment market in Vietnam. The clear view of the company's leaders is to minimize the use of financial leverage, especially financial leverage from bank loans. In the current difficult period, businesses still keep the plan to minimize the use of financial leverage to ensure the safety of the company's financial activities.

HVC defines the long-term vision is to build HVC into a private economic group, a strong brand with sustainable development, linking the interests of the Company with the interests of the community and society. Determined to put HVC in the TOP 500 largest enterprises in Vietnam in 2026 (After 15 years of construction and development).