August 06, 07, Hai Long Construction Joint Stock Company organized a preliminary conference to summarize production and business activities in the first 06 months of 2024 and implement the production and business plan for the last 06 months of 2024..
Attending and directing the Conference was Mr. Pham Anh Tien, Chairman of the Board of Directors of Taiyo Group Holdings - the parent company of Hai Long Construction Joint Stock Company. Mr. Pham Tien Dung - Vice Chairman of the Group - General Director of the Company chaired and ran the Conference.
…Continue to maintain jobs, stable income for workers and confirm many positive signs for the completion of the 2024 plan…
(Mr. Pham Tien Dung - General Director of Hai Long Construction Joint Stock Company spoke at the Conference)
The Conference opened with the announcement of a number of decisions to continue consolidating the organizational structure and apparatus, in order to improve the effectiveness of management and administration. Following the program, Mr. Pham Tien Dung, on behalf of the Board of Directors, announced to the Conference the results of the meeting to adjust the 2024 plan approved by the Board of Directors of the company and the group, as follows: Target Total Contract Value VND for the whole year 2024 is adjusted down from the planned 4.350 billion to 3.680 billion, output value is adjusted down from 3.600 billion to 3.100 billion, revenue value is adjusted down from 3.000 billion to 2.660 billion, Capital recovery adjusted down from 3.000 billion to 2.750 billion, steel structure production adjusted down from 32.000 tons to 30.000 tons..., other targets remained the same as planned at the beginning of the year.
The reason for the downward adjustment of planned targets is due to the fierce competition in the market. Many competitors, for many reasons, have deeply reduced prices, so the Company is forced to refuse many contracts to avoid the risk of losing. On the other hand, many signed contracts were due to the Investor changing the design and needing time to complete legal procedures, so implementation was slow and not as expected when planning. At the same time, the company's leadership also advocates not chasing revenue, spending more time and resources to consolidate and perfect the apparatus, perfect the management mechanism to increase productivity and quality. , improving efficiency and competitiveness.
With the results achieved in the first 6 months of 2024, the management board believes that there is a complete basis to confidently complete this adjustment plan. The planned targets that have been implemented as of June 30 are as follows: Total contract price reached 6 billion VND, reaching 2.347% of the adjusted plan. Total output value reached 64 billion, equivalent to 1.647%. Total revenue value reached 53 billion, equivalent to 1.108%. Capital recovery value reached 41,6 billion, equal to 1.349% of the year plan. Steel structure production output is also extremely encouraging, with production completed and ongoing production by the end of 49 being 2024 tons. In addition, Hai Long Steel Structure Factory has signed a contract and is in the process of producing export samples for many large Japanese and Korean corporations, opening up opportunities to have many stable export orders. determined in the near future and determined to complete the investment in construction of Steel Structure Factory No. 21.130 on an area of 3 hectares with two of the most modern automatic steel structure production lines in Vietnam by September 5,2, increasing the total production capacity of steel structure factories to 9 tons by 2024 and the following years.
In addition to the above achieved targets, credit relationships with credit institutions continue to be consolidated and strengthened. Hai Long Construction has always been ranked as one of the customers with the highest credit rating in the system for many years, the credit limit always ensures all production, business, investment and employment needs. Jobs for workers are always guaranteed, income and working conditions are continuously improved and enhanced. In the first 6 months of the year, the Company's Trade Union also worked with the "youngest brother" Taiyo Tourist Company to successfully organize visits and tours to Europe and China under the 25th anniversary program for employees. It is expected that next August - September will continue to be trips to Thailand for direct workers, 8% covered by the Company.
Following Mr. Pham Tien Dung's comments, the deputy general directors, deputy heads of departments, factory directors and construction site commanders enthusiastically discussed and highly agreed with the council's adjustment plan. The General Director, determined that adjusting or reducing the 2024 plan is necessary, determined to unite, join forces, and persevere in pursuing the centralized management model because it always ensures quality issues, progress, is always highly appreciated by investors and overcomes the negative side of the centralized management mechanism which is a lot of waste in materials, vehicles, machines, construction equipment... Conference members all affirmed determined, fierce, striving to work and study for an increasingly strong Hai Long Construction brand, confidently completing the tasks of the 2024 adjusted plan that the General Director just presented.
Mr. Nguyen Van Thiet - Commander spoke at the conference
Panoramic image of the conference
Speaking at the Conference, Secretary of the Party Cell - Chairman of the Board of Directors Pham Anh Tien highly appreciated the results that the Construction staff had achieved in the first 6 months of the year and even though the planned targets had been adjusted downward. The plan for 2024 is still very large, still very impressive in the context of the market still having many difficulties and potential risks, unpredictability, and increasingly fierce competition... In recent years, Hai Long Construction has risen to become a leading enterprise in Vietnam in the field of industrial construction, contributing positively and significantly to the country's innovation process. Achieving that result, in addition to luck, the solidarity and high determination of all employees is the right development strategy, the result of the labor and accumulation of generations of leaders and employees from time to time. period during the past 25 years since its establishment. Let's be proud together and continue to cultivate the Hai Long Construction Brand, which over the past quarter century has always maintained its growth rate, maintained credibility with customers, always maintained jobs and Stable income for employees, always pay full tax obligations, social insurance, health insurance, party fees, union fees... into the state budget and management agencies, never once was late in arrears of wages or employee insurance, never overdue any debt to the Bank, always trusted by shareholders. , companion. Those results and traditions will give more confidence and be the basis for Hai Long Construction staff to confidently unite and work together to continue to overcome all difficulties and continue to complete the yearly plan. 1 and the following years, continuing to be the flagship, the big brother in the parent company Taiyo Group and also practical actions to celebrate the 4th anniversary of its founding on November 2024.
Mr. Pham Anh Tien - Chairman of the Board of Directors of Taiyo Group spoke at the Conference
Mr. Pham Anh Tien also emphasized that he will always keep the entrepreneurial spirit and called on all employees to constantly learn, innovate, unite, agree and persevere in building the Group and its partners. Subsidiaries are increasingly clean, strong, clear and transparent. The Group itself has also based on the actual situation to change the model accordingly. It has completed converting the model to the Holding model, only managing subsidiaries through capital and organizational work, not development. generate revenue (the Group Revenue report is simply the audited consolidated report of the Subsidiaries), and at the same time focus on strengthening the Supervisory Board to support the subsidiaries better and better... In addition to the eldest brother - the flagship of Hai Long Construction, the "junior" companies in the parent company Taiyo Group are also competing and striving to have a year of completing the planned goals.
