On May 12, 2023, Construction Corporation No. 1 - Joint Stock Company (CC1) successfully held the General Meeting of Shareholders (AGM) with the theme "Strong foundation - Breakthrough to the future" in an online form.
The presiding delegation at the meeting included Mr. Nguyen Van Huan - Chairman of the Board of Directors, Mr. Le Huu Viet Duc - Vice Chairman of the Board of Directors, Mr. Phan Van Chinh - Vice Chairman of the Board of Directors and Mr. Le Bao Anh - General manager
Speaking at the meeting, Mr. Nguyen Van Huan - Chairman of the Board of Directors predicted that in 2023, Vietnam's economy will still face many challenges in the context of high interest rates and high inflation pressure. However, the construction industry still has many prospects when the infrastructure segment is evaluated positively with the main growth driver coming from the public investment plan to increase 25% compared to 2022. Accordingly, CC1 will focus its resources. resources to participate in the field of transport - technical infrastructure and other public investment projects. This is not only to increase revenue and create value chains with strategic partners, but also to ensure and complete the Prime Minister's top priority strategic goals in 2023.
Talking about the business highlights of CC1 in 2022, Net revenue on CC1's 2022 Separate Report increased by 26% compared to 2021; Consolidated net revenue increased by 14% compared to 2021. Although it did not achieve the expected profit plan, this is still a remarkable result in the context of a serious decline in the construction and real estate sectors.
In particular, only in the end of 2022 and the first months of 2023, CC1 consecutively won many key projects such as: Component projects of the East North-South Expressway Construction Project in the East phase. 2021-2025, including Can Tho - Hau Giang, Hau Giang - Ca Mau, Quy Nhon - Chi Thanh and Chi Thanh - Van Phong sections; Terminal T3 – Tan Son Nhat; Circus and multi-purpose performance Phu Tho; Dak Nong Provincial General Hospital; Central Square of Gia Nghia City, Dak Nong province, etc. The consecutive winning of high-value bidding packages is proof that CC1's prestige and capacity in the fields of which it is strong.
In the coming time, CC1 is confident that it will have the opportunity to win more new projects, which will help ensure the company's revenue and profit plan in 2023 as well as long-term growth in the coming years. according to.
Entering 2023, CC1 set a business plan with consolidated net revenue of VND 10,761 billion, an increase of 67.2% over the same period, and at the same time moved the CC1 stock exchange from UPCOM to HOSE and expanded its business lines.
Member of CC1 Board of Directors in 2023
The meeting also spent time for shareholders and leaders of CC1 to discuss, exchange and clarify related contents. Most of the comments revolved around CC1's development strategy in the near future, the progress of construction investment projects, and the production and business situation in 2023. In the explanation to shareholders, CC1's management board had affirms that it will absorb the opinions of shareholders, build and sustainably develop the CC1 brand, affirm its position as a leading investment and construction enterprise in Vietnam and aim to become a national construction contractor. professional economics.
CC1 successfully held the Annual General Meeting of Shareholders in 2023
At the end of the meeting, all the proposals were approved by the shareholders with high consensus, opening up development opportunities for CC1 with a new stature, which will surely bring customers, shareholders and other stakeholders the investors with many outstanding added values.
Links to related articles:
- Investment Newspaper
CC1 General Meeting of Shareholders: Continue the plan to change the floor and offer 230 million individual shares
2. Stock news
CC1 General Meeting of Shareholders: In 2023, set a revenue target of VND 10,761 billion