HII rewarded good and excellent employees in the first 6 months of 2019

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16
Sep

On September 12, 2019, An Tien Industries Joint Stock Company (HII), a subsidiary of An Phat Holdings, held a ceremony to honor good and excellent individuals in the first 6 months of 2019.
This is a regular activity showing the recognition of Board of Directors to individuals and teams who have made great contributions to the development of the company.
The attendants included Mr. Doan Minh Duc – Deputy General Director of HII, Mr. Nguyen Viet Dung – Deputy General Director of HII, Factory Manager, representatives of departments, together with other employees.
Specifically, 14 employees won the title of good and excellent individuals in the first 6 months of 2019, from different departments such as accounting, engineering, safety and security, sales export, Caco3 factory, housekeeping, house kitchen, etc. The total value of the reward was up to 20 million.
Speaking at the ceremony, Mr. Doan Minh Duc expressed his thanks to all of the staff for their continuous effort. Hopefully, they will keep trying harder in the coming time, deliver the best quality products to customers, contributing to the development of the company.
Some photos of the ceremony:

An Tien Industries held a ceremony to honor 14 good and excellent individuals in the first 6 months of 2019

Mr. Doan Minh Duc awarded the excellent certificate of merit to Mr. Luong Cong Doan of Productivity Team – Caco3 Factory

Ms. Hoang Thi Tuyen, Efficiency Team – Caco3 factory received the excellent certificate of merit in the first 6 months of 2019.

Mr. Le Sy Tan, Efficiency Team received the excellent certificate of merit in the first 6 months of 2019.

 

An Phat Bioplastics (AAA) – Top 3 IR Award 2019

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09
Aug
On August 9, 2019, the Announcement Ceremony of the voting results of Listed Enterprises with Best IR Activities 2019 (IR Awards 2019) was successfully implemented by Vietstock and Finance and Electronic Life – FiLi.vn (a press agency of Vietnam Association of Financial Administrators) to honor the listed enterprises with the best investor relations activities (IR).
An Phat Bioplastics Stock Company (Hose: AAA) is honored to be in the Top 3 listed companies with the best IR activities in 2019 recognized by the Financial Institutions.
Representative of AAA (second from the left) received the 2019 IR Awards
Representative of AAA (second from the left) received the 2019 IR Awards

AAA is an enterprise which not only meets the information disclosure standards, but also satisfy other requirements such as good liquidity, compliance with treasury stock transactions, attracting foreign investors, good dividend policy, etc. Therefore, for many consecutive years, AAA has always been a familiar name in the voting list and won awards selected by investors and financial institutions every year.

This year, at the Ceremony of honoring and awarding the Top 3 IR Awards 2019 of Mid Cap group voted by Financial Institution – top 19 Vietnam leading stock companies, with the highest recognized level, An Phat Bioplastics Joint Stock Company (AAA) was notably cared among 259 enterprises meeting information disclosure standards. These achievements show that AAA is always an enterprise with strong IR activities, with high interaction with investor community, good quality assurance, transparency, accuracy, speed and timely published information.

Manufacturing activities at AAA
Manufacturing activities at AAA

With remarkable achievements in IR activities, AAA also got investors’ attention recently, the 6-month profit of AAA reached over VND 364 billion, increased by 3.3 times the same period in 2018. In the first six month accumulation, AAA achieved a net revenue of VND 5,042 billion, up 39%. Gross profit margin in the first half of the year reached 13.2%, a sharp improvement compared to 8.1% in the first half of 2018. AAA’s positive business results were attributed to its industrial real estate segment beside the production of traditional thin-film packaging with optimal capacity, as well as a dramatic increase in exporting products to Japan and the US markets, with growth rates of 40% and 80% respectively in the first half of 2019, and an increased proportion of bio compostable products.

An Phat Complex's general picture
An Phat Complex’s general picture

IR Awards is an annual event to raise enterprises’ awareness about information disclosure, shareholder relations in particular or investor relations in general; for an open, transparent and efficient stock market. In this 9th year, in addition to the public online voting participated by a large number of investors, the IR Awards 2019 recognizes 19 financial institutions that accompany and perform quality assessments on IR activities of the Listed Enterprises.

An Phat Holdings preliminarily reviewed the first 6 months and adjusted the revenue plan to 12,000 billion Vietnam dong

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08
Jul
On July 8, 2019, An Phat Holdings successfully held a ceremony to review the first 6 months of the year and deploy the plan for the last 6 months of 2019.
This is one of the annual activities of An Phat Holdings to evaluate the performance results, the situation of production and business in the first and second quarters as well as making a plan for the last months of the year, especially the adjustment of the corporate revenue plan to VND 12,000 billion.
The ceremony was attended by An Phat Holdings Chairman and representatives of Board of Directors together with employees of 11 member companies.

Reviewing the business performance results in the first half of 2019, An Phat Holdings pointed out achievements and remaining things in the operation and implementation of plans to become a Southeast Asia’s leading high-tech and eco-friendly plastic corporation. An Phat Holdings’ profit in the first 6 months is 474 billion dong, which is an excellent achievement of more than 4,500 employees. At the preliminary meeting, Board of Directors awarded three companies with good achievements in production and business, successfully completed the assigned tasks: An Phat Bioplastics, An Phat Complex and Hanoi Plastics Joint Stock Company. In addition, Board of Directors has expressed their belief in the leadership team and employees, encouraging them to continuously try and make more efforts for the development of the whole corporation.

Mr. Bui Thanh Nam – General Director of Hanoi Plastics JSC made a speech

With the fast and sustainable growth, Board of Directors of An Phat Holdings has decided to increase the revenue plan of the whole year to 12,000 billion VND, an increase of 20% compared to the original target. This is a great determination to make the remaining period of 2019 more challenging but also extremely “attractive” which An Phat Holdings wants to conquer.

An Phat Bioplastics received the 2018 National Quality Award

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24
Jun

On June 23, An Phat Bioplastics JSC (a member of An Phat Holdings) was honored to receive the 2018 National Quality Award.

This is a national award signed by the Prime Minister for organizations and enterprises with outstanding achievements in production and business.

Ms. Tran Thi Thoan – Permanent Deputy General Director of An Phat Bioplastics received the award.
Ms. Tran Thi Thoan – Permanent Deputy General Director of An Phat Bioplastics received the award.

The National Quality Award 2018 was signed by the Prime Minister Nguyen Xuan Phuc according to the Decision 543, awarding to 75 Vietnamese enterprises. An Phat Bioplastics is one of nine large manufacturing enterprises honored to receive the Gold Award, the highest award in the National Quality Award system at this time.

Enterprises won the National Quality Award in 2018
Enterprises won the National Quality Award in 2018

The National Quality Award is the only annual award for quality codified by Product Quality Law. This is issued according to international rules – under the Global Performance Excellence Award – GPEA of the Asia-Pacific Quality Organization. Award is both a goal and a tool for enterprises to improve productivity, quality, and competitiveness of their products.

Ms. Tran Thi Thoan – Standing Deputy CEO of An Phat Bioplastics and the award
Ms. Tran Thi Thoan – Standing Deputy CEO of An Phat Bioplastics and the award

Receiving the National Quality Award will be a great premise and motivation for An Phat Bioplastics in particular and An Phat Holdings in general to continue participating in Global Performance Excellence Award – GPEA of the Asia-Pacific Quality Organization.

An Phat Holdings and the National Assembly Delegation of Hai Duong Province gave gifts to poor students in Nam Sach district

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01
Jun

On the morning of June 1, 2019, at Nam Sach District Convention Center, Hai Duong National Assembly Delegation collaborated with An Phat Holdings presented gifts to poor students who achieved good results in the school year 2018-2019.
Participants included: Ms. Le Thi Thuy, Member of the Party Central Committee, Deputy Chairman of Central Inspection Committee – Member of the 14th National Assembly, Mr. Hoang Quoc Thuong, Member of the Provincial Party Committee, Deputy Head of the Delegation in charge of the provincial National Assembly Delegation; Ms. Vu Thi Thuy – Member of the Provincial Party Committee, Chairman of the provincial Women’s Union, Member of the 14th National Assembly, Mr. Pham Hoang Viet – Vice Chairman of An Phat Holdings.
From Nam Sach district, there were Mr. Bui Van Thang – Secretary of District Party Committee – Chairman of District People’s Council, Mr. Ho Ngoc Lam – Permanent Deputy Secretary of the District Party Committee, Mr. Le Quang Thu – Deputy Secretary of the District Party Committee – Chairman of the District People’s Committee.

An Phat Holdings presented gifts to students

At the program, the leaders of the Central Inspection Committee, the Delegation of the National Assembly in the province, the district and An Phat Holdings gave 100 gifts (each gift included a pair of books, notebooks, candies and 1 million VND in cash) for poor students achieving good results in the school year 2018 – 2019 in the district.

Mr. Bui Van Thang – Secretary of District Party Committee gave gifts to students

Speaking at the gifting ceremony, Ms. Le Thi Thuy – Member of the Party Central Committee, Deputy Chairman of the Central Inspection Committee emphasized that children are the future owners of the country, so they need to be cared and protected, especially, the poor students with good achievements. The gifts, though not of great value, have a spiritual meaning, which is a source of encouragement for students to overcome difficulties in life. He hoped that the committees, authorities, local organizations and enterprises, and donators will continue to join hands to help poor students overcome difficulties and get good educational background contributing to the development of the country.


On behalf of Nam Sach Leaders, Mr. Bui Van Thang, Secretary of the District Party Committee, thanked the Hai Duong National Assembly Delegation, An Phat Holdings for regularly paying attention to local social security activities, especially helping the poor, disadvantaged students to rise up in life.
This is an annual activity of An Phat Holdings to timely encourage young generations in the district, as well as developing the homeland more and more prosperously.

An Tien Industries joins hand to build “The road to school” at Mu Cang Chai

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12
May

On May 12, An Tien Industries Joint Stock Company participated in the groundbreaking ceremony of the project “The road to school” in Lao Chai village, Lao Chai commune, Mu Cang Chai district. This event hold by the Standing Committee of Yen Bai province.

This is a rural road from the semi – boarding house to the primary school of Lao Chai commune, Mu Cang Chai district, 700m long, with the scale of concreting the entire road. The road will push up trading activities for over 700 households, nearly 3,000 people live in 6 villages in the commune more convenient, and making the daily travel of 644 semi-boarding students so easier. The project is expected to be completed and put to use in June 2019.

For many years, An Tien Industries has always been a leader in the volunteer activities of An Phat Holdings. The company has been carrying out several CSR activities such as taking care of and supporting Vietnamese Heroic Mothers, supporting local charity funds, supporting families in difficult circumstances, flood victims, … An Tien Industries funded total 70 million for the project.

 

An Tien Industries’ Annual Shareholder Meeting: Restructuring, promoting market dominance, constantly increasing production capacity

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19
Apr

On April 19, 2019, An Tien Industries Joint Stock Company (Hose: HII) successfully held the 2019 Annual Shareholder Meeting at its head office – Southern Industrial Park, Van Tien Commune, Yen Bai City, Yen Bai Province.
The meeting reviewed the business performance in 2018 and approved the 2019 business plan, as well as the reports related to the corporate management and operation.

Exceeding 62% of the plan, increasing by 265% over the same period in 2017; 2018 revenue with significant increase
• At the 2018 Annual Shareholders Meeting, HII sets the target of 3,000 billion Vietnam dongs in revenue and 130 billion Vietnam dongs in profit. 2018 business results achieved VND 4,874 billion in revenue, exceeding 62.46% of the year plan. Profit after tax was VND 45 billion, reaching 34.62% of the original plan.
• 2018 revenue grew strongly and exceeded the original plan mainly thanks to plastic resins trading. An Thanh General Production Joint Stock Company – a HII’s subsidiary has now become the second largest distributor of plastic materials in Vietnam.
• In addition to the intensified commercial activities, the company also boosted its production and trading activities, dominating the market by increasing the operating capacity of two Calbest and stone powder plants;
• However, due to the fact that plastic resins trading activities with low profit margin have been promoted recently to build a market for plastic consumption, HII’s business results have declined; The fluctuations of USD / VND exchange rate in the year also reduced the company’s profit due to an increase in production expenses. During the year, the company promoted its sales and administration activities, leading to a rise in selling expenses and management costs, etc.
Keep improving production capacity and dominating the market
In 2019, HII is expected to reach VND 3,000 billion in consolidated revenue and VND 70 billion in consolidated profit. HII expects to pay from 10% to 20% dividend to shareholders.
In 2019, HII will continue to improve production capacity and dominate the market, restructure the company, focus on production, invest in technology, research and develop quality compounds, especially biological compounds for the production of environmentally friendly plastic products, strives to become the largest producer of plastic additives in Vietnam.
Approving the transfer of shares to restructure the company
An Phat Holdings Joint Stock Company (APH) was allowed to receive the transfer of HII’s outstanding shares currently owned by An Phat Xanh Plastic JSC (renamed from An Phat Plastic and Green Environment JSC) – AAA without performing a public tender procedure. Accordingly, APH received a transfer of 14,200,000 shares – 50.99% of HII’s charter capital from AAA. The Meeting also approved the transfer of all shares owned at An Thanh General Production JSC to An Phat Xanh Plastic Joint Stock Company – AAA. The number of shares transferred was 11,040,000, the transfer price was not lower than the face value.

Issuing 1,392,500 ESOP shares for employees
The Annual Shareholder Meeting also approved the plan to issue shares under the Employee Stock Ownership Plan (ESOP). Accordingly, HII will issue a maximum of 1,392,500 ESOP shares, the total value of per value is VND 13,925,000,000, with 5% release rate.
The issue objects are the company’s employees, to recognize their contribution, as a basis for their long-lasting staying with the company. Issue price is VND 10,000 / share. The total capital raised is expected to be VND 13,925,000,000 to supplement its working capital.
These ESOP shares will be restricted for transfer within 01 year. The number of shares that are not purchased will be decided by Board of Directors to sell to other employees within the company.
Besides the issues above, the meeting also approved other important decisions according to the report submitted to Board of Directors, as well as passing the election of an additional member Board of Directors, Mr. Doan Minh Duc, with a 4-year term, and Ms. Nguyen Thi Huyen for Supervisory Board, with a 5-year term.
The HII 2019 Annual Shareholder Meeting was successfully organized!

An Phat Plastic (AAA): AAA successfully organized the 2019 annual shareholder meeting

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16
Apr

On April 16, An Phat Plastic and Green Environment JSC (An Phat Plastic – Hose: AAA) successfully organized the 2019 annual shareholder meeting at the company’s head office – Lot CN11 + CN12, An Dong industrial cluster, TT Nam Sach, Hai Duong.

The meeting summarized the activities in 2018 and approved the 2019 business plan, as well as the contents in proposals and reports related to the activities and operation of the Company

2018 revenue reached VND 8,011 billion, exceeding VND 2,000 billion compared to the plan of 2018 General Meeting of Shareholders. AAA aims to reach VND 6,000 billion in revenue and VND 330 billion in profit. Business results, in 2018, the company achieved VND 8,011 billion in revenue, exceeding 33.51% of the year plan. Profit after tax of 180 billion VND reached 54.55% compared to the plan.

Revenue in 2018 grew strongly and surpassed the main target of expanding production and business activities, trade activities were strengthened, boosting market dominance with the increase of operating capacity of the two Packaging factory: Factory No. 6 and No. 7, factory producing Calbest and stone powder.

However, the target of profit after tax decreased compared to the same period last year and temporarily did not meet the business plan. The reason is that a number of important commercial contracts with domestic partners have been implemented slowly compared to the set plan and must be postponed to 2019, the second reason is that AAA strengthens the search for new markets, so In the past year, although the price of raw materials increased, the Company did not increase the price of many products in order to maintain price stability and expand the customer network. Besides, AAA has promoted investment in a key project of An Phat High-tech Industrial Park (An Phat Complex) in 2018, so it has not been immediately generated profit.

In general, in 2018, AAA invested to create a stepping stone to prepare for a strong growth cycle in revenue and profit in 2019.

Strong growth forecast in 2019

  • In 2019, AAA will reach VND 10,000 billion of consolidated revenue and VND 510 billion of consolidated after-tax profit. Expected dividend rate from 10% – 20% in cash for shareholders.
  • In addition to continuing to improve production, the Company continues to upgrade comprehensively, reaching an international level in all areas of operation. Specifically: Scale: Continue to invest and complete the infrastructure of An Phat High-tech Industrial
  • Park, reaching the exploitation rate of 40% for 2019. The company continues to invest in machinery, lines, and expand production at the AAA factory. Investing in the construction of a US-based factory specializing in packaging and environmentally friendly plastic products.
  • Promote the development of supporting plastics industry, including factories producing architectural plastic materials, engineering plastics, bio-plastics, industrial textile packaging, etc.
  • Regarding the quality of products and services: AAA focuses on producing high-tech, environmentally friendly plastic products, increasing the capacity of compostable bags AnEco and product lines in AnEco chain such as knives, spoons, forks, paper cups, iron, etc., capable of self-decomposing without polluting the environment.
  • Regarding governance, the Board of Directors will continue to improve and improve the quality of internal management.

Issuing 8.5 million ESOP shares to employees

The AGM also approved a plan to issue shares under the Employee Selection Program (ESOP). Accordingly, AAA will issue a maximum of 8,500,000 ESOP shares, total issuance value of VND85 billion at the Issuing rate 4.96%.

Subjects of issuing are employees of the company in order to recognize the contribution of employees at the company, as a long-term foundation and sustainable development with the company. Issuing price is 10,000 VND / share. Total capital is expected to reach VND 85 billion, which will be used to supplement working capital for the company. These ESOP shares will be restricted for transfer within 01 year. The number of shares not registered to buy will be decided by the Board of Directors to continue offering to other employees in the company.

Change the name of the Company to An Phat Bio Plastics Joint Stock Company The AGM approved the change of the Company’s name according to the following contents:

Current business name: Vietnamese name: An Phat Plastic and Green Environment Joint Stock Company

English name: An Phat Plastic & Green Environment Joint Stock Company

Abbreviated name: AnPhat., Jsc

New name:

– Vietnamese name: An Phat Green Plastic Joint Stock Company

– English name: An Phat Bio Plastics Joint Stock Company

– Abbreviated name: An Phat Bioplastics

This name change aims to match the new development strategy of the Company to bring the most sustainable values to customers and investors .

An Phat Plastic (AAA): Products exported to us are not subjected to anti-dumping duty investigations

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05
Apr

On March 28, 2018, the US Department of Commerce announced the initiation of anti-dumping duty (AD) and countervailing duty (CVD) investigations on imports of laminated woven sacks made of one or more plies of fabric consisting of woven polypropylene strip and/or woven polyethylene strip from the Socialist Republic of Vietnam (Vietnam). The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before April 23, 2018.

The merchandises covered by these investigations are laminated woven sacks made of one or more plies of fabric consisting of woven polypropylene strip and/or woven polyethylene strip with HS codes namely 6305.33.0040, 3917.39.0050, 3921.90.1100, 3921.90.1500, 3923.21.0080, 3923.21.0095, 3923.29.0000, 4601.99.0500, 4601.99.9000, 4602.90.0000 and 5903.90.2500. These products are not in AAA’s current focus or in AAA’s expansion plan. Additionally, our key export markets are EU and Japan. Although we plan to expand exports to the US market in near future, the expected export items do not fall into the investigated product list. Hence, we can confirm that there is no impact from these investigations on AAA’s business in 2017.

Established as a small-scale business, after only 15 years of development, currently AAA’s total capacity of seven factories has reached 8000 tons/month, making us the No. 1 in Southeast Asia for plastic packaging manufacturing. However, we will not stop there, our objective for the coming periods is to maintain growing momentum, achieving 1 billion US dollars revenues by 2025, expanding environmental friendly products, creating sustainability for society and enhancing value for shareholders.

In March 2018, AAA was granted the Certificate of stock issuance registration and in April AAA has been completing the procedures to increase contributed capital for investing in laminated packaging and high-tech injection molding factory. These products are expected to earn higher profit margins than current ones, contributing to sales and profit growth of AAA in coming years. Considering the potential of upcoming projects, in 2018 AAA confidently set a high growth target with sales of VND6,000 billion and after-tax profit of VND330 billion, up 47% and 25.5% respectively compared to 2017’s results.

In trading sections of the 3th and 4th of April, AAA’s price jumped back after falling sharply for a series of six sessions. The stock price increased by over 17% and closed on the 4th of April at VND26,500. The rebound of the stock price showed a more optimistic view of investors on such undervalued stock having a good fundamental story.

An Phat Plastic Jsc registered successfully data universal numbering system, abbreviated as DUNS or D-U-N-S, strongly enter to international market

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An Phat Plastic and Plastic Joint Stock Company (AAA / An Phat Plastic JSC) has officially put business and product information into the international online business directory through successful registration into the Data Universal Numbering System – DUNS® with code 555340400.

On the first days of 2019, An Phat Plastic JSC has completed profile and become one of the newest members on DUNS® by Dun & Bradstreet in Vietnam confirmed. By this event, AAA has gone a further step to integrate into the world market, especially in Europe – America countries which always require businesses to have DUNS® codes. as a passport to make cooperative business decisions.

DUNS® is the Data Universal Numbering System established exclusively and evaluated by Dun & Bradstreet (D&B, USA), a leading US company that provides in-depth and classified information. ranking for groups and enterprises. The D-U-N-S® number is a unique 9-digit number assigned to each business and recognized as a common standard for identifying enterprises in all over the world.

Currently, many businesses in the world are using D-U-N-S® codes of Dun & Bradstreet Company (D&B, USA) as a solution for globalization. DUNS® codes help businesses validate the existence and operation of their own businesses, as well as provide the official business data that allows partners to search and learn about businesses including geographic location, company address, business structure and financial transparency information. In many cases, DUNS® codes are a tool to provide businesses with a comprehensive picture of risks and opportunities in cooperation relationships so that businesses can make important decisions.

An Phat Plastic JSC has passed the evaluation procedures by D&B and officially presented information on this system that not only confirm strength of the leading  plastic bag manufacturer in Vietnam and Southeast Asia but also create new opportunities to develop market share in the international market and cooperation development with foreign partners through online interaction on the system. Now the global partners can actively look for information and connect with AAA through Duns & Brandstreest Vietnam’s online business directory via the website: http://dunsregistered.com/ or click on the icon-  DUNS Registered on AAA’s website: http://www.anphatplastic.com/ (left corner at the bottom of the homepage)

For nearly two centuries, Dun & Bradstreet has helped customers and partners accelerate growth and improve performance through the power of data and analytics. Our nearly 5,000 employees around the world are dedicated to this unique purpose, and we are guided by important values that make us the established leader in commercial data and insight.