The Hanoi Stock Exchange (HNX) has just approved the Hanoi Iron and Steel Joint Stock Company to register to trade 5 million shares on UPCoM with the stock code HSV.
Hanoi Iron and Steel Joint Stock Company was established in 2013, the main production and business activities are the wholesale of scrap, metals, and non-metals.
Specifically, the enterprise specializes in importing all kinds of scrap iron and steel from businesses and industrial parks and then distributes it directly to iron and steel producers nationwide. Current charter capital is 50 billion VND.
In terms of shareholder structure, as of January 31, 2021, HSV has 109 shareholders, all of them are individual shareholders in the country. The only major shareholder is Mr. Nguyen Van Quan, Member of the Board of Directors cum General Director, holding 13% of the company’s capital.
Notably, Mr. Nguyen Mau Hoang, Chairman of the Board of Directors of HSV is currently the Head of Corporate Finance Advisory Department at Phu Hung Securities JSC. Before that, Mr. Hoang worked at many other financial institutions and securities companies.
Regarding business results in 2020, HSV recorded 322 billion VND in net revenue, an increase of 30.61% compared to 2019; profit after tax 2.5 billion, down 20.64%. Total asset value by the end of 2020 reaches 77 billion VND, up 9.18%. The enterprise currently has a short-term financial debt of 23 billion dong.
Regarding the business plan in 2021, the enterprise is expected to reach 330 billion VND of net revenue and profit after tax of 3.5 billion VND, increase 2.48% and 40.51% respectively compared to the implementation in 2020. Year In 2022, the enterprise sets a target of 350 billion VND of net revenue and 4.8 billion VND of profit after tax.
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