On March 31, 2023, SCI E&C Joint Stock Company (HNX: SCI) successfully held the Annual General Meeting of Shareholders 2023 in the form of visio-conference, approving the Report on Business Performance in 2022 and the Plan of Business Performance in 2023.
In 2022, the global economy will continue to go through a lot of post-pandemic negative effects widely on many industries and some far-reaching geopolitical events. However, beyond magic, Science and Technology Electronics and Technology Joint Stock Company (SCI E&C) has made efforts to maintain market share, ensure benefits for shareholders and ensure income as well as life. live for officials and employees.
Basically, SCI E&C has completed important targets in 2022 according to the business plan set out at the beginning of the year. With the goal of sustainable development, SCI E&C focuses to follow closely the key missions, implement properly the business management, achieve its efficiency in terms of revenue and cost. According to the Audited Financial Report 2022 announced, we have recorded our revenue over 2361 billion VND, our profit over 37.8 billion VND and our received cash value over 2617 billion VND.
As the EPC Contractor for energy and infrastructure projects, SCI E&C has increasingly affirmed our capacity and achieved successes in many projects by the powerful construction equipment capacity and qualified and experienced human resources. In details: Completing and achieved COD of Nam Lum 1 HPP and Nam Lum 2 HPP in early 2023; planning to bring Nam Xe HPP into operation in the second quarter of 2023. In Lao PDR, at Nam Sam 3 Hydropower Plant Project, it is recorded that many work items are completed faster than scheduled while assuring quality control according to standards committed with the Owner.
The year of 2023 is not expected as a good year with many difficulties and challenges due to the impact of high interest rate causing hardships to approach competitive funding as well as the macroeconomics conditions caused by economic downturn effects in many business areas. This requires the Board of Directors to have appropriate & proper decisions as well as strategies to ensure the effective management of projects and works to maintain and increase the business outcome and the shareholders’ benefits.
Therefore, SCI E&C should be cautious at setting business goals in 2023. We expect to increase our charter capital to approximately 563 billion VND (increased by 308 billion VND compared to the current number) through shares issuance. In 2023, SCI E&C shall continue to focus on the core businesses as construction and installation of renewable energy & infrastructure projects, looking for more chances in Vietnam as well as strengthening and expanding our business in Southeast Asia region.
The General Meeting approved the dismissal of Mr. Nguyen Van Phuc and Mr. Nguyen Cong Hung from the position of Member of the Board of Directors, and at the same time, elected Mr. Luu Minh Thanh as a member of the Board of Directors for the new term.
With consistent orientation, clear goals, flexible business strategies and outstanding management & administration capacity of the Board of Directors along with the solidarity and high determination of all employees, SCI E&C trust and commit to achieve the set goals, continue to bring our company to a new level of sustainable development journey.
