Trung Do Joint Stock Company: Annual General Meeting of Shareholders 2020
(Baonghean.vn) - On the morning of June 29, in Vinh City, Trung Do Joint Stock Company held the 2020 Annual General Meeting of Shareholders. Attending the meeting were representatives of shareholders of Hanoi Construction Corporation and shareholders representing shareholders of Trung Do Joint Stock Company.
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| Overview of the 2020 Annual General Meeting of Shareholders - Trung Do Joint Stock Company. Photo: Nguyen Hai |
Implementing the tasks and production and business plans set out, in 2019, Trung Do Joint Stock Company made many efforts, overcoming challenges to complete the set tasks. In 2019, the production and business value reached 710 billion VND, revenue reached over 760 billion VND; pre-tax profit increased by 79% compared to the Resolution of 2019; pre-tax profit margin on revenue reached 16.7%; basic profit/share reached 5,869 VND; dividend yield/charter capital reached 20%; paid to the state budget 38.43 billion VND, up 47% over the same period last year.
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| Shareholders of Trung Do Joint Stock Company attend the Congress. Photo: Nguyen Hai |
In 2019, the Company produced 2.8 million m2granite tiles; 4,986 million ceramic tiles; 112 million standard bricks and 108,533 m3ready mix concrete
In particular, the Company is the first enterprise in the country to produce flat ceramic tiles. Along with continuing to invest intensively in the production and trading of construction materials;
The company also invested and implemented construction investment in 2 real estate projects: CT21 High-rise Building in Nam Nguyen Si Sach Urban Area and N03-T6 Building, 23 floors in Hanoi Diplomatic Corps Area.
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| Installation of high-grade materials processing and production equipment line at Trung Do Nghi Van Construction Materials Complex. Photo: Pham An |
At the Congress, in addition to listening to and approving production and business results, shareholders also heard a number of reports on financial work, remuneration plans for members of the Board of Directors and the Board of Supervisors; reports on a number of investment plans for technological innovation, input cost reduction, quality control policies and production cost reduction, labor organization, human resource development; care for workers' lives...
Based on the discussion and the new production and business situation of the Company, the General Meeting of Shareholders agreed on the main production and business targets for 2020 of Trung Do Joint Stock Company, accordingly striving for a production and business value of 640 billion VND, revenue of 633 billion VND; pre-tax profit of 70 billion VND; expected dividend increase of 15-20%, budget contribution of 33 billion VND.
In 2019, along with maintaining production and business targets, the Company continued to complete investment items at Nghi Van Complex; continued to complete real estate investment projects at Hanoi Diplomatic Corps Area; ensuring average income of employees reaching 7.2 million VND/month.
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| The 21-storey Trung Do Tower in the new urban area of Nam Nguyen Sy Sach, invested by Trung Do Joint Stock Company, is a highlight of Vinh city. Photo: Pham An |
To complete its production and business tasks, the Company plans to focus on technological innovation, have new policies on brand building and development, continue to increase its charter capital from VND 150 billion to VND 300 billion; invest in innovation to reduce input costs, effectively carry out its production and trading tasks of construction materials, etc.
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| Mr. Nguyen Hong Son - Chairman of the Board of Directors of Trung Do Joint Stock Company spoke at the 2020 General Meeting of Shareholders. Photo: Nguyen Hai |
The company is facing an extremely important moment when preparing all procedures and conditions to be listed on the stock exchange; all shareholders as well as officers and employees must make efforts, unite and be unanimous in their determination to invest in technological innovation, dominate the market; and take care of building and developing a professional and systematic brand.
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| Voting to pass the Resolutions of the 2020 Annual General Meeting of Shareholders with 100% of votes in agreement. Photo: Nguyen Hai |
After issuing shares and the factory in Nghi Van (Nghi Loc) comes into operation, the Company will reach a new height and strive to become the leading domestic construction materials manufacturer./.
