The audited financial statements of Thuan Duc Joint Stock Company in 2020 (TDP) show that the company has reached 1,375.7 billion VND in revenue, up 14.95% compared to the implementation of 2019. Gross profit margin improved adding 1.3 percentage points, reaching 17.26%, helping gross profit to reach 237.5 billion, up 24.3% compared to 2019.
Spectacular growth amid a pandemic
In the context of difficult export operations, boosting domestic consumption has become a bright spot with 40% growth in revenue and 186% growth in gross profit, significantly compensating for the decline. of export activities.
Although the financial and administrative expenses also tended to increase, the good increase in gross profit and the reduction of more than 20.2% in selling expenses still helped the Company earn 95.2 billion dong of pre-profit. tax, up 22.8% compared to the implementation in 2019, the profit after tax reached 72.7 billion dong, up 17.4%. This is a quite positive result in the context that the Covid-19 epidemic has had a strong impact on the company’s export activities.
In addition to the positive business results, TDP’s financial statements also showed that the company’s cash flow has improved significantly over the past year with a surplus of more than 55 billion, reversing from negative 105, 6 billion VND in 2018.
By the end of 2020, inventories are the most valuable item in the asset structure of TDP with a value of 896.6 billion VND, up 14.5% compared to the beginning of the year, thereby accounting for nearly 50 % total assets. TDP’s inventory value increased sharply mainly because the company accelerated the storage of raw materials to prepare for production activities, meanwhile, the value of finished products inventory decreased significantly compared to the beginning of the year.
Bright outlook in 2021
In the context that many countries have started to vaccinate against Covid-19, the world oil and plastic resin prices have shown signs of sharp increase since the end of 2020, making the operation of many plastic enterprises affected.
As of January 2021, Brent crude oil price in North Sea rose to 51.29 USD / barrel, increasing for the third consecutive session. The US price of light sweet crude oil (WTI) increased to 48.23 USD / barrel. Plastic resin price also increased from 700 USD to nearly 1,300 USD / ton, corresponding to an increase of nearly 50%. Raw material prices in the US at $ 1,200 / ton for HDPE and $ 1,230 – $ 1,240 / ton for LLDPE film both on a CIF Southeast Asia basis were recorded in January.
Currently, Vietnam’s plastic industry has more than 2,000 businesses operating, and most of them have to import plastic materials from outside. By 2020, Vietnamese plastic enterprises need about 5 million tons of raw materials to serve their production activities. With the increasing demand for plastic resins and the rapidly increasing prices, the operation of many plastic enterprises has a negative impact.
Meanwhile, Thuan Duc enterprise has completely owned the input material source thanks to PP plastic recycling technology. This is a great advantage to help stabilize production and business activities as well as increase competitiveness in the market.
Besides, with many years of experience in the plastic packaging industry and the proactive and flexible preventive response, it is forecasted that Thuan Duc will have a bright prospect in 2021.

TIN NỔI BẬT
Minutes, Resolution of the Extraordinary General Meeting of Shareholders in 2023 and attached documents
Report on governance in the first 6 months of 2023
Separate financial statements for the second quarter of 2023 and accompanying explanations
Consolidated financial statements for the second quarter of 2023 and accompanying explanations
TDP announces the 15th Change of Business Registration Certificate
TDP announces the organization of an extraordinary General Meeting of Shareholders in 2023
Resolution of the Board of Directors on the selection of auditors for the financial statements in 2023
TDP announces the change of the number of voting shares and reports the results of the issue of dividend-paying shares
Resolution of the Board of Directors on the transfer of shares of shareholders at Thuan Duc Eco Joint Stock Company
DP announces receipt of Ms. Nguyen Kim Anh’s resignation letter from Deputy General Director
In túi vải không dệt: Giải pháp tiện lợi, thân thiện môi trường cho doanh nghiệp
Resolution of the Board of Directors to approve the application for registration of the public bond offering
Resolution of the Board of Directors on the implementation of the plan to issue shares to pay dividends in 2022
TDP Announces the appointment of the position of Deputy General Director of the Company for Mr. Tran Dang Duy
Separate Financial Statements for 2022 and Attached Explanation
Consolidated financial statements for 2022 and accompanying explanations
TDP Announces the date of holding the Annual General Meeting of Shareholders in 2023 and attached documents
TDP announced the resignation of Ms. Nguyen Thi Hong Van’s member of the Supervisory Board
Report on corporate governance in 2022
Separate financial statements for the fourth quarter of 2022 and accompanying explanation
Consolidated financial statements for the fourth quarter of 2022 and accompanying explanations
TDP Announcement of Change of Certificate of Business Registration for the 14th time
TDP publishes information on changes in the number of outstanding voting shares and Report on the results of issuing shares to pay dividends
TDP Announcement of the issue of shares to pay dividends and the last registration date to exercise the right to pay dividends in shares.
Thuan Duc Joint Stock Company Disclosure The 5th change of business registration certificate of Thuan Duc Hung Yen Co., Ltd – Subsidiary.
Supplementing the content of Resolution No. 0510/2022/NQ-HĐQT issued on October 5, 2022 of the Board of Directors of Thuan Duc Joint Stock Company
Thuan Duc Joint Stock Company Disclosure of Business Registration Certificate 4th change of Thuan Duc Hung Yen Co., Ltd – Subsidiary
Consolidated financial statements for the third quarter of 2022 and accompanying explanations
Separate financial statements for the third quarter of 2022 and accompanying explanation
Correction of the BOD’s resolution on the order of issuing shares and repurchasing treasury shares
Resolution of the Board of Directors on the order of issuing shares and buying back treasury shares of TDP
TDP publishes information on maximum foreign ownership ratio
Resolution of the Board of Directors on the increase of contributed capital at Thuan Duc Bim Son Joint Stock Company and Thuan Duc Bim Son Co., Ltd
Resolution of the Board of Directors on adjusting the content of the investment project of the export bag factory invested by Thuan Duc Eco Joint Stock Company
TDP announces the 13th Change of Business Registration Certificate