HVC Group successfully conducted the 2025 Annual General Meeting of Shareholders, targeting a 50% growth

On the morning of April 22, HVC Group successfully conducted the 2025 Annual General Meeting of Shareholders, during which several significant matters were approved. The primary focus of the meeting was HVC's expansion into the realm of General Construction Contractors, with a target of achieving 50% growth compared to 2024.

On the morning of April 22, at the Wyndham Garden Hanoi Hotel, HVC Investment and Technology Joint Stock Company (stock code HVH) successfully conducted the 2025 Annual General Meeting of Shareholders.

Reporting at the Congress, Mr. Le Van Cuong, Member of the Board of Directors and General Director of HVC Group, stated that 2024 was marked by significant fluctuations across the economic, political, real estate, and bond markets. Nevertheless, driven by a commitment to achieve a breakthrough, HVC successfully fulfilled its production and business plan for 2024. Specifically, the revenue reached 393.59 billion VND, and the profit after tax amounted to 30.562 billion VND, achieving 102% and 101% of the 2024 targets, respectively. The company's financial position remained robust and sustainable over the past year, with a debt-to-equity ratio of 0.25, a decrease from 2023, and a quick ratio of 2.4. These stable financial metrics provide a solid foundation for HVC to pursue significant advancements in 2025, coinciding with the nation's ascent.

Additionally, HVC takes pride in being ranked among the Top 10 prestigious electromechanical contractors for both 2024 and 2025. Notably, in May 2024, HVC received official approval as the investor for the Garden Villas, Forest Plantation, and Ecotourism project in Mong Hoa Commune (Hoa Binh City). These achievements are regarded as significant milestones, demonstrating HVC's commitment to reaching new heights.

At the 2025 Annual General Meeting of Shareholders, the Board of Directors of HVC Group expressed their enthusiasm regarding the decision to enter the realm of General Construction Contractors. This sector is perceived by HVC as possessing significant potential for future growth and is advantageous to the company's operations. Presently, HVC has commenced the signing of several general contracts for industrial factory construction, which is anticipated to be a transformative business area for the company in 2025.

In 2025, HVC Group intends to achieve a 50% growth compared to 2024, targeting a minimum revenue of VND 590 billion and a minimum after-tax profit of VND 50.15 billion. This year, the company is also committed to commencing construction on a project for a forest-growing garden villa area integrated with eco-tourism in Mong Hoa commune, Hoa Binh city, commercially known as Euro Villas.

In response to shareholders' inquiries regarding the foundation of the 2025 revenue and profit strategy, Mr. Tran Huu Dong, Chairman of the Board of Directors of HVC Group, stated: "This plan is grounded in the overall landscape of the real estate market, where numerous investors and projects have resumed activities to participate in the era of national development. Notably, the competitive environment in production and business is vibrant, bolstered by significant governmental support for the advancement of the private sector."

The total turnover of the projects for which the company signed contracts in 2024, to be executed in 2025, is approximately 50 billion VND. Furthermore, from the beginning of 2025 to the present, HVC Group has entered into contracts with investors for construction projects, amounting to nearly 400 billion VND, and is actively negotiating with additional investors to secure new contracts. Additionally, the advancement of infrastructure construction activities—factories within Industrial Parks—further fosters new growth momentum for the company.

During the meeting, shareholders unanimously endorsed the report and submissions presented by the Board of Directors, the Board of Management, and the Board of Supervisors regarding the 2024 Financial Report, the proposal for the 2024 profit distribution plan, the proposal to issue shares for dividend payments in 2024, and other significant submissions.

The 2025 Annual General Meeting of Shareholders of HVC Group has been successfully conducted through the reporting, sharing, and exchange of significant content. With a commitment to transformation and development, the Board of Directors and employees of HVC Group are resolute in fulfilling the production and business plan, elevating HVC to new heights that reflect the trust and confidence of customers and partners.