In link vào m88 bhki last three years, Vietnam Electrical Equipment Joint Stock Corporation (Gelex) has made a breakthrough and flourished, becoming “big” on link vào m88 bhki HOSE and quickly entering link vào m88 bhki list of businesses with trillions in profit.

Although officially listed at link vào m88 bhki beginning of 2018, Gelex had earned recognition as one of link vào m88 bhki top 50 listed companies in Vietnam by Forbes, among link vào m88 bhki few companies in link vào m88 bhki index basket of both FTSE Vietnam Index and VanEck Vectors Vietnam ETF.

Powerful restructuring

In 2016, Gelex earned VND 7,297 billion in revenue, and VND 772 billion in profit before tax. In 2017, link vào m88 bhki company earned VND 11,984 billion in revenue, and VND 1,145 billion in profit before tax. link vào m88 bhki growth rates in 2017 and 2016 in terms of revenue and profit before tax were 64.23% and 48.35%, respectively.

In 2018, link vào m88 bhki total accumulated revenue for 9 months alone reached VND 10,049 billion, profit before tax exceeded VND 1,000 billion, increasing by 15.9%, and especially link vào m88 bhki profit after tax in 3 quarters was striking with an increase of 51.2% over link vào m88 bhki same period in 2017. link vào m88 bhki growth trend of Gelex showed remarkably positive results.

This groundbreaking growth was attributed to an effective restructuring strategy in link vào m88 bhki electrical equipment segment and link vào m88 bhki expansion of investment into other potential segments such as Utilities (including energy and clean water), Logistics, and Real estate.

Following link vào m88 bhki initial success of link vào m88 bhki restructuring, Gelex’s Board of Directors had link vào m88 bhki determination to confidently continue to accelerate link vào m88 bhki restructuring process according to link vào m88 bhki Holdings model with link vào m88 bhki goal of optimizing link vào m88 bhki allocation of resources within link vào m88 bhki group, thereby creating stronger and more efficient development overall.

As evaluating link vào m88 bhki road map of comprehensive restructuring for 3 years, link vào m88 bhki Gelex leadership representative said that there were various points that need further improvement in order to bring about optimal efficiency.

Thus, Gelex continued to focus on restructuring in 4 main segments, which were Industry with link vào m88 bhki orientation of perfecting link vào m88 bhki electricity ecosystem, consisting of power generation, power transmission, electricity distribution and electricity consumption from low, medium to high voltage; Utilities including energy and clean water; Logistics and Real estate.

To implement link vào m88 bhki strategy, Gelex had planned four main business segments according to link vào m88 bhki model of its parent company GELEX, which functioned as a holding company – specialized in managing capital contributions in business units.

With this model, link vào m88 bhki parent company Gelex promoted link vào m88 bhki autonomy in link vào m88 bhki production and business activities of its subsidiaries. link vào m88 bhki parent company Gelex focused on building standards for modern business administration, system-wide risk management and human resource development.

An example of modern administration making it easier for Gelex to improve management efficiency is that its 4 subsidiaries, namely Gelex Electrics LTD, Gelex Energy LTD, Gelex Logistics LTD and Gelex Land LTD were all operated by members of link vào m88 bhki BOD specialized in their respective businesses.

Financially, link vào m88 bhki asset ownership model would help link vào m88 bhki parent company GELEX focus on coordinating, mobilizing and using capital in link vào m88 bhki most effective way across link vào m88 bhki Corporation’s system through link vào m88 bhki management of cash flow and money demand of each group/company of Gelex. In addition, for link vào m88 bhki investment appraisal of large projects, setting link vào m88 bhki implementation priorities for projects would help ensure optimal use of capital in link vào m88 bhki system, thereby providing an efficient circular flow of investment for Gelex.

Taking industrial production as link vào m88 bhki core

In order to implement this restructuring strategy as well as optimize production and management, following link vào m88 bhki restructuring road map in 2018, link vào m88 bhki parent company Gelex transferred its capital contribution in link vào m88 bhki subsidiaries which were in electrical equipment segment, namely Vietnam Electric Cable Corporation, Electrical Equipment Joint Stock Company, and Hanoi Electromechanical Manufacturing Joint Stock Company to Gelex Electric Devices Co., Ltd.

Gelex Electric had gradually increased its percentage of ownership in CAV, THI, and HEM to 100%, enabling Gelex to quickly implement its development strategies in link vào m88 bhki electricity segment and bring greatest benefits to Gelex.

With link vào m88 bhki model of a corporation taking industrial production as link vào m88 bhki core, link vào m88 bhki parent company Gelex had directed to focus on building link vào m88 bhki R&D team at Gelex Electric, setting up a technology fund throughout link vào m88 bhki system to encourage creative thinking, develop new high-voltage products that were then imported.

In addition to promoting internal growth, Gelex Electric was also gradually increasing link vào m88 bhki percentage of ownership in Dong Anh Electrical Equipment Corporation to complete its product value chain.

In Logistics segment, which was identified as a segment with great potential, Gelex focused on promoting link vào m88 bhki operations of South Logistics Joint Stock Company (SOTRANS) with link vào m88 bhki goal of putting SOTRANS into Vietnam’s top 3 companies with link vào m88 bhki largest closed logistics chain.

link vào m88 bhki Corporation will also focus on long-term investment in Utilities segment. This segment produced and sold essential products for people and economic development with high level of safety for stable income. It was oriented that until 2025, 800 MW of renewable electricity would be developed, which mainly included solar and wind power.

As for Real estate segment, Gelex was then completing link vào m88 bhki necessary legal procedures for projects formed on link vào m88 bhki basis of link vào m88 bhki land bank of Gelex and its member businesses, so there were not many resources used.

According to link vào m88 bhki plan, link vào m88 bhki real estate segment would begin to thrive in link vào m88 bhki period of 2020-2025, contributing to Gelex’s large revenue and profit at link vào m88 bhki time.

It was easily observed that Gelex was growing ever stronger. link vào m88 bhki goal of Gelex was to maintain link vào m88 bhki No. 1 position in link vào m88 bhki group of enterprises of link vào m88 bhki same segment, retain its reputation of link vào m88 bhki national brand, and reach out to link vào m88 bhki region and link vào m88 bhki world.

On 20 December, Gelex was honored to receive link vào m88 bhki National Brand award for link vào m88 bhki third time in a row, period 2018-2020, at Hanoi Opera House.