The 2020 Summary Conference of Machines and Industrial Equipment Corporation
16/01/2021
On the morning of January 15, 2021, the 2020 Annual Summary Conference took place at the Headquarters of Machines and Industrial Equipment Corporation, 7A Mac Thi Buoi, Vinh Tuy Ward, Hai Ba Trung District, Hanoi.
On the morning of January 15, 2021, the 2020 Annual Summary Conference took place at the Headquarters of Machines and Industrial Equipment Corporation, 7A Mac Thi Buoi, Vinh Tuy Ward, Hai Ba Trung District, Hanoi.
Attending the Conference were comrades in the Board of Directors, Board of General Directors, Head of Supervisory Board, President of Trade Union, Heads and Deputy Heads of Departments, Departments, Center Directors of the Corporation and leaders of units under the Corporation. Corporations.
Mr. Tran Quoc Toan, Chairman of the Board of Directors and Mr. Le Quoc Hung, Acting General Director of MIE chaired the Conference.
Conference content:
1. Commendation of collectives and individuals with outstanding achievements in 2019.
2. Summary of activities in 2020, expected to develop a plan for 2021.
At the Conference, after listening to Deputy General Director Pham Thanh Dong presenting the Report on the Summary of 2020 and the Work Plan for 2021; Opinions and directives of the Chairman of the Board of Directors of the Corporation, the opinions of the President/General Director of the units, the Head of the Supervisory Board, the Chairman of the Corporation's Trade Union on the discussion content of the Conference.
After analyzing and evaluating the opinions, the General Director of the Corporation concluded as follows:
A. Evaluation of work results in 2020
1. Business operating activities:
Despite being negatively affected by the Covid-19 epidemic, units throughout the Corporation have tried their best to find all ways to overcome difficulties, proactively and flexibly deal with the epidemic situation, without interrupting production. production, ensuring jobs and incomes for workers. The results of production and business activities are as follows:
- Industrial production value is 1,135.6 billion VND, reaching 133.6% of the year plan.
- Total revenue is 1,372.4 billion dong, reaching 118% of the year plan, of which industrial production revenue is 1,124.9 billion dong, reaching 132.2% of the year plan.
- Profit before tax is 6.24 billion dong, reaching 103.1% of the adjusted plan next year.
- Average income of employees is 10.0 million VND/person, reaching 110.5% of the year plan. Most of the units have met and exceeded the target of the average employee income, except for Hanoi Mechanical Company Limited.
2. Equitization settlement
The equitization settlement verification team of the Ministry of Industry and Trade is still verifying the equitization settlement. For Hanoi Mechanical Company, the Verification Team has not yet issued the equitization settlement minutes due to problems.
In 2021, the Corporation continues to actively coordinate with the Equitization settlement verification team to complete the equitization settlement.
3. Divestment and Restructuring
a) Divestment:
- Divestment of state capital at the Parent Company: The Corporation has submitted to the Ministry of Industry and Trade a plan to arrange and divest capital according to Decision No. 908/QD-TTg dated June 29, 2020 of the Prime Minister. The Ministry has not yet responded in writing.
- Divestment of investment capital of the Corporation in units: there are many obstacles in legal procedures from 2019 to 2020 that have not been resolved. In 2021, the Corporation will continue to divest investments in units
b) Restructuring:
Restructuring the Construction and Industrial Installation Company and the Corporation's branch in Ho Chi Minh City faced many difficulties. In December 2020, the Board of Directors issued a resolution to suspend the duties of Branch Director for Mr. Nguyen Ngoc Anh Tu and assigned Mr. Le Trung Hieu, Deputy Director of the Branch to perform the duties of being in charge of the Branch from the date of issue 01/01/2021
4. Financial work
The units have well maintained debt management and have not allowed any more bad debts to arise.
Continue to focus on handling receivables, especially bad debts in order to gradually and thoroughly handle outstanding debts.
Completed financial supervision in 2019 at subsidiaries. It is recommended that subsidiaries strictly implement the conclusions in the financial supervision reports at their units.
5. Finalization of completed projects
The Corporation is reviewing and commenting on the report attached to the application for approval of the project settlement of two units, Hanoi Mechanical Company and Quang Trung Mechanical Engineering Company Limited.
B. Planning for 2021
1. Business operating activities
a) Primarily targets
The business operating plan for 2021 is built based on the macroeconomic situation, factors affecting the Corporation's production and business activities in 2020 and the following years of the Corporation as well as units with the following main targets:
+ Consolidation of the whole Corporation
- Total revenue: 1,032 billion VND.
- Industrial production value is 875 billion VND.
- Industrial production turnover is 875 billion VND.
- Export turnover is 11.0 million USD.
- Import turnover is 2.6 million USD.
- Profit before tax: 6.1 billion VND
- Average income is 9.7 million VND/person/month.
+ Parent Corporation
- Total revenue: 440 billion VND.
- Industrial production value is 396 billion VND.
- Industrial production turnover is 396 billion VND.
- Profit before tax: 3.4 billion dong
- Export turnover is 8.0 million USD.
- Import turnover is 2.0 million USD.
- Average income is 18.0 million VND/person/month.
b) In order to successfully implement the production and business plan for 2021 mentioned above, it is recommended that leaders of the Corporation and leaders of units actively direct according to the 05 solutions mentioned in the Report. At the same time, based on the operating characteristics of each unit, proactively propose specific solutions suitable to the situation of each unit.
2. Capital construction investment
- The Corporation encourages and supports units to invest and purchase machinery and equipment in order to innovate technology, improve production capacity, and meet business operation requirements. New investment should be considered based on the needs of production and business activities of the unit. Due to limited financial resources, the investment needs to be selected, carefully considered and must ensure the legal basis as well as the economic efficiency of the investment and purchase of new assets.
- Finalization of relocation project of Hanoi Mechanical Company and warehouse project of Quang Trung Mechanical Company: completed in 2021
3. Capital divestment, restructuring, equitization settlement
- After the Ministry of Industry and Trade has comments on the plan for arrangement and divestment, it will organize the implementation of the next work. Continue the divestment of the Corporation's investment in units
- In 2021, the restructuring will be completely handled at the Construction and Industrial Installation Company and Technoimport Company
- Actively coordinate with the equitization settlement verification team to complete the equitization settlement
Pictures at the Conference
Mr. Tran Quoc Toan, Chairman of the Board of Directors of the Corporation gave a directing speech at the Conference
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Mr. Le Quoc Hung, Acting General Director of the Corporation delivered a concluding speech at the Conference
Mr Pham Thanh Dong, Deputy General Director of the Corporation presented the Summary Report for 2020
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Mr. Le Thanh Tung, Chairman of the Board of Directors of Hai Phong Machinery Manufacturing Joint Stock Company gave his opinion
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Mr. Nguyen Ngoc Hung, General Director of Hanoi Mechanical Co., Ltd. gave his opinion
Mr Nguyen Dinh Loi, Deputy General Director of Quang Trung Mechanical Co., Ltd. gave his opinion
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Ms. Nguyen Thi Thanh Binh, President and General Director of Mecanimex Company gave her opinion
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Mr Cu Ngoc Phuong, General Director of Duyen Hai Mechanical Joint Stock Company, gave his opinion
Mr Trinh Minh Thanh, Director of Tu So Factory gives his opinion
Mr. Nguyen Huu Bac, Chairman of the Board of Directors and General Director of Hai Duong Grinding Stone Joint Stock Company
utterance
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Mr. Dinh Quang Hoa, Head of the Supervisory Board of the Corporation expressed his opinion
Mr. Dinh Quang Hoa, Head of the Supervisory Board of the Corporation expressed his opinion
Dinh Hong Mai, Chairman of the Corporation's Trade Union, gave his opinion
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The Board of Directors of the Corporation received the Emulation Flag of the Ministry of Industry and Trade to reward the Corporation in 2019
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Mr Tran Quoc Toan, Chairman of the Board of Directors awarded the Certificate of Merit from the Ministry of Industry and Trade
for the Team with excellent achievements in 2019
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Mr Le Quoc Hung, Acting General Director awarded the Certificate of Merit from the Ministry of Industry and Trade
for individuals with excellent performance in 2019
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