Overview of the third quarter and the first 9 months of 2021 business indicators
Viettel Construction's quarter 3 business results recorded revenue of VND 1,924.2 billion, grew by 23.8% compared to the same period of 2020 (△ = 369.8 billion). Profit before tax reached VND 112 billion, grew by 26.1% compared to the same period of 2020 (△ = 31.6 billion).
Accumulated revenue in September 2021 reached VND 5,476.3 billion, growing 29.3% compared to the same period in 2020. Completing 83% of revenue plan in 2021 (VND 6,600 billion). Net cash flow reached VND 129.1 billion, grew by 32.4% compared to the same period of 2020 (△ = 31.6 billion), accumulated 77.4% of the year plan (361.3 / 466.6 billion).
Effective targets:
- EBITDA: reached 149.3 billion dongs, grew by 28.9% compared to the same period of 2020 (△ = 33.5 billion). Accumulated reached 78.2% of the year plan (421.9 / 539.8 billion).
- ROE: reaching 6.7%, growing 15.4% compared to the same period of 2020 (△ = 0.9%).
- ROA: reached 1.7%, equivalent to the same period in 2020.
Although the second and quarter 3/2021 translation of Covid-19 outbreaks, many provinces that make ways of stretching and suspending their operations, however, Viettel Construction's the production and business results are still guaranteed. The completion of 83% of the target plan only in the first 9 months reflects the sustainable business lines of Viettel Construction, which is affected almost very little by epidemic factors.
Revenue in the first 9 months is a cushion for Viettel Construction to create a breakthrough in the quarter of 4/2021 tạo sự đột phá trong Quý 4/2021
The quarterly sales of Viettel Construction increased by at least 24% compared to the same period in 2020
Accordingly, Viettel Construction's quarter 3/2021 business activities featured the following areas:
* Field of operation:
- Domestic activities:
+ Ensuring the quality of network operation of Viettel Group and partners (CMC Telecom, MobiFone) in complicated epidemic conditions, spread wide area.
+ Building 29 packages of products providing installation and maintenance services, operating equipment, and putting into the business.
+ Promoting cooperation with large partners such as Samsung and Karofi provides warranty and repair services. Phase 1 was implemented in 8 active Samsung provinces and 5 provinces for Karofi.
- Foreign activities:
+ Viettel Construction continues to maintain the quality of Metfone's network infrastructure in Cambodia, Mytel in Myanmar in political instability.
+ Receiving and ensuring the quality of network infrastructure of MNTI network, maintaining the quality of NTD partner network in Myanmar.
* Building sector:
- Ensuring the construction progress to improve the quality of networks and progress of important programs/projects of the Group and the Ministry of Defense (maintenance of 47/47 Truong Sa BTS; Coordinate with VHT design; Estimates of 28 stations in the construction project, installing equipment Radar Radar CSX - Radar project in 2021 of the Navy and Air Force Campus).
- Contracting the second phase of Louis City project - Hoang Mai Hanoi worth VND 415 billion (previously signed a contract of VND 440 billion), Kim Chung Di Trach project was worth VND 145 billion Dong, Phase 2 Aqua-City Dong Nai project is nearly 81 billion dongs and Thai Nguyen Danko project is nearly VND 50 billion.
Recently Viettel Construction has started construction of phase 2 Aqua-City Dong Nai project dự án Aqua City Đồng Nai
* Field of integrated solutions (GPTH):
- Although epidemics are complicated on a large scale, affecting consumer needs and access to customers, the GPTH sector still maintains quarterly revenue growth 3/2021 reaches 174.3 billion, " Named in 2021 reached VND 592 billion.
- Developing business of products and solutions to serve the learning and work of people, bringing value to society such as online television bridge solutions for businesses/schools, laptops and machines Tablets for students,...
- Promoting cooperation with branded manufacturers to diversify products during the epidemic period such as Ai Camera Hanet, Air Conditioner, Carrier Air Purifier, ... Revenue reached VND 26.5 billion.
* Field of infrastructure investment:
- Completing the 910 infrastructure synchronization of BTS station in the quarter 3/2021, reaching 61% of the year plan. As of the end of September 2021, the number of stations owned by Viettel Construction is 1,740 stations.
- Activities of finding the second network for accumulated rent reach 25 stations.
- Transmission (Hanging, Underground): Entering business 36.2 km transmissions, accumulated 2.610 km Optical cable hanging, 4 underground sewer lines.
- Signing a contract to deploy 166,000 m2 das in the first 9 months, accumulated 3 million m2, which has been put into 1.4 million m2 business.
- Accumulated with 47 solar systems with a total capacity of 17.7 mWp.
* Field of Information Technology: Continue to maintain the business of 1office products, Sapo, Viettel sale, TC Soft, and EZ Cloud, Bussiness Household, E-Office, and E-Edu). Q3 / 2021 revenue reached 7 billion, equaling 1.25 times the total revenue in the first 6 months of 2021 (VND 5.6 billion). Tiếp tục duy trì kinh doanh các sản phẩm 1Office, Sapo, Viettel sale, TC soft và EZ Cloud, Bussiness Household, E-Office và E-Edu). Doanh thu quý 3/2021 đạt 7 tỷ, bằng 1,25 lần tổng doanh thu 6 tháng đầu năm 2021 (5,6 tỷ đồng).
Typical internal activities:
The Channel Development Program sells 2021 with the target of each commune with at least 1 collaborator to provide information and advice on selling products of Viettel Construction services to bring positive results. The 3rd quarter developed 1,758 CTV / agent, accumulated year developed 5,923 CTV / agent. Socialization channel revenue in the third quarter reached 85.3 billion, an average of 28.4 billion / month, accumulated in the year reached VND 223 billion.
Focus on developing "human, process, technology, administration":
- People:
+ Focus on building the provincial and district business forces with professional expertise required to promote production and business activities (production and business activities. Recruitment 30 deputy directors in charge of specialized infrastructure, Dinh Bien each province has 01 business manager, supplement 154 directors and deputy directors of district business.
+ Strengthening training and learning activities to be ready for promoting business operations after the disease is gradually controlled.
+ Organizing 32 training sessions for products, business, engineering, and awareness for more than 10,000 students. Organizing 25 training periods, professional inspection, and recurring awareness for more than 52,000 turns of employees to participate.
+ Deploying the training course on supply chain management (Supply Chain) for the group of managers of the Corporation (115 participating personnel including the Board of Directors, Head of Department, Director of centers and towns school, civil engineering province). Training course to equip the "real war" knowledge of the latest supply chain governance for managers to apply right into business management activities.
- Procedure:
+ Viettel Construction refers to restructuring the entire professional process, business operations at the Supply Chain, aiming to build the optimal and synchronous management system between fields. business. Help optimal waste, increase labor productivity (classification and decentralization of processes; standardize processes according to the general model; establish KPI measurement, evaluation of efficiency and effectiveness for each process).
+ Continue to build and apply ISO standards:
- ISO 31000 & COSO About Risk Management System..
- ISO 10002 on the process of receiving customer complaints.
- ISO 9001: 2015 Regarding quality standards (currently conducting evaluation and certification of expanding standards for 63 provinces /CNKT; Before that, it has been applied to the Corporation's Office).
- Technology:
+ Viettel Construction Construction Finishing Super App Sales, serving customer needs of looking up product information, ordering, payment. Start putting into testing from October 2021.
+ Complete VCC Solar SCADA products and complete the accompanying technical documentation. Deploying business testing Home Controller of Viettel Construction to evaluate, finishing official businesses from January 2022.
+ Release the App version of VCC Solar SCADA smartphone on CH Play / Apple Store. Release the Maika Maika smartphone version of Olli partner with integrated VCC smartphone system on CH Play / Apple Store.
- Administration:
+ Establishment of BOC Parts - Business Operations Center with the integration of software systems, responsible for warning, control, and fraud prevention.
+ Perfecting the model and system risk management system at Viettel Construction: on policy, model of risk management organization, building 15 Leading Risk List of Viettel Construction and response methods. Organize training and granting soft certificates for the risk management coordinator forces at the Corporation.
+ Approving and implementing a list of shares listed on the Ho Chi Minh Stock Exchange. Ho Chi Minh (HOSE).
** Orientation and key tasks quarter 4/2021:
- Viettel Construction plans revenue plans to VND 1,848 billion, accumulated in 2021 reached VND 7,324.3 billion ~ 111% of the year plan (VND 6,600 billion). Profit before tax reached VND 98.2 billion, accumulated 2021 reached 403.7 billion dongs ~ 115.1% of the year plan (350.6 billion). Inside:
- Field of operation of exploitation:
+ Completing the reception of operation of HNGN network (scale of 1500 stations, 15 technical teams, expected revenue of VND 4.8 billion / month). Exposure to operating operators for OCK partners.
+ Continue to negotiate to expand the scope of service provision to Karofi and Samsung partners. Negotiating cooperative programs with major partners such as Standard Trust Bank, Ferroli, Pharmacity, Th True Milk, ...
- Construction sector: Promoting the construction of phase 2 of large projects (Louis City, Hinode Royal Park, ...) ensuring the progress required by the investor. Expend contact with new investors to expand the 4/2021 and 2022 (such as TNR, MBland, ...).
- Areas of integrated solutions: Promote contact with large enterprises to implement solar power projects under the DPPA mechanism, the target of revenue of 100 billion in the fourth quarter of 4/2021.
- Field of infrastructure investment:
+ Completing the 576 infrastructure synchronization of BTS stations in the fourth quarter of 2021, accumulating the commitment to implement 1,484 stations with VTnet in 2021.
+ Completing the plan to increase the rate of shared infrastructure with accumulated 93 positions with two or more networks.
- Field of Information Technology: continue to promote business with 8 products (1office, Sapo, Viettel Sale, TC Soft and EZ Cloud, Bussiness Household, E-Office, and E-Edu).