Ton Dong A Joint Stock Company has just held the 2023 Annual General Meeting of Shareholders with a plan to achieve a profit of 200 billion VND this year.
The Presidium members include: Mr. Nguyen Thanh Trung - Chairman of the Board of Directors - Chairman of the Congress; Mr. Ho Song Ngoc - Standing member of the Board of Directors, General Director of the company; Mr. Pham Quoc Thang - Member of the Board of Directors, Deputy General Director of the company.
In 2023, the Board of Directors of Ton Dong A Corporation forecasts that the world economy will continue to have many difficult fluctuations with many potential risks, low GDP growth, inflation, unemployment, bad debt, etc. Vietnam is in the restructuring phase to stabilize the long-term sustainable development of the economy. The Government is also promoting public investment to promote long-term stable recovery for the Vietnamese economy.
The company continues to seek opportunities in other related sectors such as real estate, agriculture - industry, overseas investment to develop Ton Dong A's resources and focus on sustainable safety risk control and prevention.
Shareholders vote to approve the contents
In 2023, Ton Dong A plans to have total revenue of VND 17,000 billion, equal to 78.4% over the same period and expected after-tax profit of VND 200 billion, an increase of 172% compared to the results in 2022. Of which, the total expected output is 760,000 tons, equivalent to 98.7% compared to the implementation in 2022.
Mr. Ho Song Ngoc - Standing Member of the Board of Directors, General Director of the Company presented to the Congress the Draft Minutes of the Meeting and Resolution of the General Meeting of Shareholders at the 2023 Annual Meeting - Fiscal Year 2022
Mr. Pham Quoc Thang - Deputy General Director shared that up to now, the company's production output has reached more than 50% of the plan of 760,000 tons, the estimated profit in the first 6 months of the year is 150 billion VND. Of which, the average domestic market structure accounts for 45% and the remaining 55% comes from the export market.
Mr. Pham Quoc Thang - Member of the Board of Directors, Deputy General Director of the company presented the Report of the Executive Board on Ton Dong A's business activities in 2022 and the plan for 2023.
It is known that in 2022, Ton Dong A produced more than 767,000 tons of products, reaching over 90% efficiency. Of which, the actual output sold was more than 770,000 tons. Notably, Ton Dong A's market share increased to 17.11% (same period 13.84%), maintaining the top two market share in the Vietnamese market, shortening the gap with the leading company and being the top three enterprise in terms of output scale in the galvanized steel sheet industry. Of which, the domestic market share reached 13.83% (same period 13.31%) and exports accounted for 20.43% (same period 14.15%).
Increase total capacity to 2 million tons/year
Ton Dong A has provided galvanized steel sheet products used in the production of household appliances for foreign manufacturers including Samsung, LG... For this segment, the products are required to be strictly technical and quality, but Ton Dong A has continuously improved its products and production to gradually gain acceptance.
In particular, the company has promoted the application of digital transformation, using many software tools such as E-office, ERP, BI, customer application "Ton Dong A App"... to support improving the quality of management, production and business, competitiveness and increasing many advantages and benefits in the company's production and business activities.
The Congress listened attentively to the reports of the Board of Directors, the Executive Board and the Board of Supervisors assessing the business situation and activities of Ton Dong A in 2022.
Since April 2023, the company has begun to complete the documents and procedures for registering GDA shares for trading at the Hanoi Stock Exchange (HNX) on the UPCoM floor after changing the listing plan, with the expected trading time in 2023.
Plan to invest in a new factory to increase total capacity to 2 million tons/year.
Regarding the investment plan, the company plans to continue planning, researching and implementing investment in the third galvanized steel sheet factory with a capacity of 1.2 million tons/year, increasing the total capacity of the entire system to 2 million tons, with the final product being galvanized steel sheet supplied to the construction, household appliances and automobile industries.
Shareholders attending the Annual General Meeting
Specifically, the investment project for the third galvanized steel sheet factory is divided into 3 phases, with a total investment capital of about 7,000 billion VND and will be implemented from 6 to 8 years from the time the Investment License is approved. Of which, phase 1 is expected to be implemented in 2 years with a capacity of about 350,000 tons/year.
The reports and plans presented at the Congress were all reviewed and approved with a high percentage.
Mr. Nguyen Thanh Trung - Chairman of the Board of Directors presented the Board of Directors' performance results in 2022 and the operational orientation for 2023.
During the 25 years of establishment and development, in addition to production and business, up to now, Ton Dong A has contributed more than 41.5 billion VND to charity activities, with the desire to connect the bridge of love, devote ourselves and fulfill our responsibility to the community to develop and spread good and sustainable values, to "build a green life together".
Titles achieved by Ton Dong A Corporation:
- National Quality Gold Award
- Vietnam National Brand
- Top 50 Excellent Growth Enterprises
- Top 500 Largest Private Enterprises in Vietnam
- Top 5 reputable construction materials companies - Product groups: iron, steel, corrugated iron
- Top 10 reputable construction materials companies
- Asia Pacific International Quality Award
- Top 500 Largest Enterprises in Vietnam in 2022
- High quality Vietnamese goods.
Source link
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
Comment (0)