BCG Energy's BGE shares officially listed on UPCoM

BCG Energy is a key member of the energy sector of Bamboo Capital Group (HoSE: BCG). The company was established in 2017, with a current charter capital of VND7,300 billion. Currently, BGE's total assets have reached VND20,000 billion, of which equity accounts for nearly VND10,000 billion.

In recent years, BGG Energy has continuously recorded impressive business growth results. In 2021, the company achieved revenue of VND 760 billion, in 2022, revenue grew strongly by 40% to VND 1,064 billion. In 2023, BCG Energy's net revenue increased by 5.8%, reaching more than VND 1,125 billion. In the first 6 months of 2024, BCG Energy's consolidated net revenue recorded VND 698.8 billion, an increase of 22% over the same period. Consolidated profit after tax reached VND 290.7 billion, a sharp increase of 33 times compared to the first half of 2023.

BCG Energy officially listed with stock code BGE

The reason for the sudden increase in profits is that BCG Energy has effectively cut financial costs, especially interest expenses. In addition, BCG Energy's growth momentum is recorded from the solar power system with a total capacity of 600 MW, which is ranked in the top 3 in Vietnam.

BCG Energy's capital structure has also improved significantly and gradually stabilized over the years. The debt-to-equity ratio has decreased from 1.9 times at the end of 2022 to only 0.99 as of June 30, 2024. In addition, the debt-to-equity ratio has also decreased from 1.25 at the end of 2022 to 0.64 as of June 30, 2024.

BCG Energy's renewable energy segment has become an important pillar, bringing in the largest revenue for Bamboo Capital Group today. Specifically, Bamboo Capital Group's cumulative revenue in the first 6 months of the year reached VND 2,100.3 billion, up 15.7% over the same period. BCG Energy's renewable energy segment contributed VND 698.8 billion to Bamboo Capital's revenue, equivalent to 32.8%.

BCG Energy currently owns a portfolio of nearly 1 GW approved under Power Plan 8 with a vision for implementation until 2030. Notably, a series of large-scale wind power projects, including: Dong Thanh 1 wind power (80 MW), Dong Thanh 2 (120 MW) in Tra Vinh province; Khai Long 1 (100 MW) in Ca Mau will be deployed by BCG Energy this year and are expected to be put into operation in 2025. Once operational, these projects will help BCG Energy increase its total power generation capacity by about 53% and become the leading renewable energy enterprise in Vietnam.

Another notable highlight in BCG Energy's business activities is the company's entry into the waste-to-energy sector. On July 20, Bamboo Capital Group and BCG Energy started construction of the Tam Sinh Nghia Waste-to-Energy Plant in Cu Chi, Ho Chi Minh City. In parallel with the construction of the Tam Sinh Nghia Waste-to-Energy Plant, BCG Energy will soon implement the Waste-to-Energy Plant project in Long An and Kien Giang. Expanding operations into the waste-to-energy sector is expected to expand BCG Energy's revenue scale and contribute to the clean energy transition in Vietnam.

To meet the need to develop more large-scale energy projects, in addition to the ability to mobilize capital from banks and financial institutions, domestic and foreign partners. Listing on UPCoM will help BCG Energy more easily mobilize capital for potential energy projects that are about to be implemented.

Source: https://thanhnien.vn/co-phieu-bge-cua-bcg-energy-chinh-thuc-len-san-upcom-185240731143205388.htm