This is a very impressive result recently announced at the "Conference on deploying production and business plans in 2021 and Summarizing the emulation and commendation work in 2020" of Power Construction Joint Stock Company No.1.
Mr. Vo Hong Quang - Deputy General Director of PCC1 read Summary report of 2020
In 2020, PCC1 has followed the business strategy for the period 2016-2020 with intertwined opportunities and challenges. With the efforts, creativity and determination of the Management Board of the company, departments, and efforts come from member companies through the promotion of distinct strengths and capacities, and timely response solutions which is a solid foundation for the company to continue asserting its reputation, position and get successful finish.
2020 is a marked year for PCC1 when it steadily overcome the Covid-19 epidemic to get successful finish
The result of the company's revenue in 2020 has increased positively with VND 6,625 billion; Profit after tax is VND 521 billion, increased 38% compared to 2019 and 11% higher than the plan. This is a remarkable achievement for a spectacular breakthrough; create success right from the challenge.
Not only affirming the No. 1 position of EPC general contractor for power grid projects, but the company has successfully made a breakthrough in the implementation of general contractor for renewable energy power plants, especially projects with high technical requirements technology - wind and solar power plants.
With the strategic vision of the Board of General Directors and the consensus of nearly 1,500 employees, the good result was created.
At the conference, Chairman cum General Director of the Company - Mr. Trinh Van Tuan emphasized: “Entering the year 2021 - the first year of the 5-year strategy period 2021 – 2025, with the slogan" Breakthrough to success ", we are determined to bring the PCC1 brand to a new height”.
General Director Trinh Van Tuan highly appreciated the business results of the whole company and set out the tasks for the new period.
The key tasks in this period, as specific as:
- Complete, announce and deploy the company's strategy for the period 2021- 2025
- Continue to improve the management capacity of the company system through basically adjusting the organizational chart of the company; developing high quality human resources; implementing effectively motivating policies for employees; developing strongly corporate culture; applying technology 4.0 and digitizing company activities.
- Electrical Construction Block: Continue the rational organizational chart structure; Improve leadership capacity, trustworthy management of EPC general contractor projects at international level; provide customers with comprehensive solutions for smart and efficient electrical projects. Invest and catch opportunities with types of projects with trends and high potentials of the industry such as wind power plants at sea, LNG plants, solar power plants on the lake bed; invest and operate transmission grid.
- Industrial Production Block: Renovate organizational chart according to a new management model, effectively invest a new manufacturing factory in Thai Nguyen; successfully develop new products into EVN projects; Continue to closely follow the export market; Stick to strategic goals and well completed the 2021 business targets.
- Energy Investment Block: Highly concentrate to complete and efficiently generate 3 wind power plants in Quang Tri; Start a new hydropower project; Implement cooperation and successfully develop large-scale power projects; have solution to develop resources in order to meet the strategic objectives of energy investment and planned investment deployment for the period 2021-2025 to 2030.
- Real Estate Investment Block: Adjust the plan goals for the period of 2021-2025 in the direction of increasing the scale associated with new cooperation opportunities; Manage and control quality, progress and investment efficiency of 02 projects in the period; Successfully cooperate and develop new projects with medium and large scale; Supplement and improve the quality of human resources, rearrange the management model to meet strategic goals of 2021-2030.
- Promote investment in new manufacturing plants outside the power sector after reliably assessing investment efficiency and having sufficient legal documents.
- Commercial business: Reorganize the trade and import-export business model, develop commercial business to a new scale- professional and effective, and contribute to support the core business areas as well as to supplement the company's overall business performance;
– Consulting, operating and service fields
According to the company strategy, the role of the consulting, operating and service unit is together with the system to provide comprehensive and complete solutions, products and services on the basis of the core product, to meet increasing demands of partners and customers; the goal is to improve the reputation, brand, position and competitiveness of the whole system. Each unit needs to continue to innovate, create, build long-term development goals along with promoting the advantages of the parent company in order to develop the scale, quality of products, services, professionalism, business efficiency, corporate reputation of the unit, and constantly improving the life of employees.
At the conference, the Board of General Directors also awarded titles to many collectives and individuals with outstanding achievements in their work.
For member companies, the title of successful task completion named 04 units including: Dong Anh Steel Tower Company Limited; Bao Lam Energy Joint Stock Company; Yen Thuong Factory, Investment And Technology Service Joint Stock Company.
Deputy General Director Vo Hong Quang awarded 04 units with the title: "Unit with successful task completion".
Units with efforts to overcome difficulties in implementing business targets were awarded to PCC1 NINH BINH, PCC1 HOANG MAI AND PCC1 HA DONG.
PCC1 Ninh Binh, PCC1 Ha Dong and PCC1 Hoang Mai receive the titles at the closing ceremony
For blocks, departments, offices and teams, the units successfully completed the tasks given to PCC1 NINH BINH, PCC1 HOANG MAI AND PCC1 HA DONG.
