(nguoiquansat.vn) HVC Group 2025 Shareholders' Meeting: Historic revenue target, entering the general contracting sector with a significant project in Vinh Phuc

For additional information, please refer to Here!

After many years of establishing its reputation in the realm of electromechanical general contracting and high-end entertainment technology, HVC Group (HVH) has ventured into a new domain by securing a general contract for industrial factory construction in a project valued at nearly 1,340 billion VND.

Record-high revenue target for 2025

On the morning of April 22, 2025, at the Wyndham Garden Hanoi Hotel, HVC Investment and Technology Joint Stock Company (HVC Group - HoSE: HVH) convened the 2025 Annual General Meeting of Shareholders.

At the meeting, HVC Group announced favorable business outcomes for 2024 amidst numerous challenges in the real estate and bond markets. Revenue for 2024 amounted to VND 393.6 billion (102% of the target), while profit after tax reached VND 30.6 billion (101%). The financial position remains stable, characterized by a low debt-to-equity ratio of 0.25 and a quick ratio of 2.4.

Over the past year, the company has solidified its presence in the realm of high-end entertainment technology general contracting through a series of significant projects, including VinWonders Cua Hoi, VinWonders Grand Park, Vinhomes Ocean Park, and The Global City. Concurrently, in the M&E sector, HVC has retained its status among the Top 10 most reputable M&E contractors in Vietnam, successfully managing numerous key packages at Vinhomes Ocean Park 2 and 3, The Manor Lao Cai, as well as various projects nationwide.

In terms of production, the HVC factory in Hung Yen guarantees the quality of equipment for the company's entire project ecosystem, thereby minimizing material risks and facilitating proactive supply chain management.

In May 2024, HVC officially became the investor for the Garden Villas, Forest Plantation, and Eco-tourism project in Mong Hoa Commune, Hoa Binh City, encompassing an area of over 28.7 hectares and a total investment of nearly 792 billion VND. The project is anticipated to finalize legal procedures and commence construction in the near future.

As 2025 approaches, HVC aims to attain revenue of VND590 billion, marking a record high, alongside an after-tax profit of nearly VND50.2 billion—representing an approximate growth of 50% compared to the prior year.

HVC Group announced that the total turnover of projects for which the company has signed contracts in 2024 and deferred to 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.

Furthermore, a strategic direction highlighted at the congress is the expansion of general construction contracting activities, an area that HVC has recognized as a new catalyst for growth.

Signing the General Construction Contract with CNCTech – embarking on a new arena.

Immediately following the congress program, HVC Group conducted a signing ceremony for the General Contractor contract pertaining to industrial factory construction with CNCTech Group, a prominent enterprise in the supporting industry sector.

The signing ceremony was attended by the Board of Directors and the Board of Management of HVC Group, along with Mr. Dinh Hung Cuong, Deputy General Director of CNCTech Group. The cooperation agreement between the two parties constitutes the General Contractor contract for the construction and technical infrastructure of factories 12, I19-2, I19-3, and I19-4 of the CNCTech GLORY Project, located in Ba Thien 1 Industrial Park (Binh Xuyen District, Vinh Phuc). The project spans nearly 19 hectares with a total investment of 1,338 billion VND, of which the four factories undertaken by HVC Group encompass a construction area of approximately 6 hectares.

The project is anticipated to serve as a hub for industrial production and leasing, designed to assist businesses in transitioning their supply chains, particularly within the high-tech electronic components sector.

This contract represents HVC's inaugural venture into the realm of industrial infrastructure construction, a sector that closely aligns with its existing core competencies in electromechanical systems, equipment, and infrastructure development.

A representative from HVC stated that the company will persist in expanding its contract portfolio in this sector, aiming to establish itself as one of the leading construction contractors in Vietnam. The cooperation agreement with CNCTech represents a significant step toward achieving this strategy, while also paving the way for numerous opportunities for extensive collaboration between the two firms in the future.