An Tien Industries Joint Stock Company (Ticker symbol: HII) has issued the documents of the General Shareholders Meeting in 2021.
Accordingly, in 2021, HII plans to achieve a consolidated total revenue of VND 4,000 billion (~$170 million), a decrease of 2% compared to the plan in 2020. However, profit after tax is projected to reach VND 70 billion (~$ 3 million), equivalent to an increase of 32%. At the same time, the HII plans to pay dividends in 2021 at the rate of 10 – 15%.
In 2021, HII aims to focus on improving the capacity of current factories, such as importing 3 more fine powder machines and one powder grinding machine for mass production. Stone powder output will increase from 8,000 tons per month to 16,000 tons per month.
Besides, the company has a plan to expand the warehouse, optimize the warehouse area; Consider buying 2 more Ancal machines if maximum output and profit margin are maintained. The consumption output reached 130,000 tons of additives and stone powder per year.
Also at the General Shareholders Meeting, HII will submit to shareholders a plan to issue more than 4.8 million common shares to increase share equity from owners’ equity. Shares have a value of VND 10,000 dong per share, total expected issue value is over VND 48 billion (~$ 2 million), implementation ratio 100:15 (shareholders owning 100 shares will receive 15 new shares).
In 2020, HII achieved VND 4,083 billion (~$ 174 million) in net revenue, which decreased 11.9% compared to 2019. In which, revenue from trading plastic resin reached VND 3,347 billion (~142 million), declined 13.7% compared to 2019. And revenue from the production and trading of plastic materials (Calbest particles and stone powder) by 2020 will reach VND 604 billion (~$ 25.7 million), equivalent to a decrease of 5%.