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
Biên bản Nghị quyết Đại hội đồng cổ đông thường niên 2021 và các tài liệu đính kèm
The TDP successfully organized the 2021 Annual General Meeting of Shareholders
Apr
information disclosure on dismissing General Director and appointing General Director, Deputy General Director
Consolidated Financial Statement Quarter 1 of 2021 and accompanying Explanation
Consolidated Financial Statement Quarter 1 of 2021 and accompanying Explanation
Minutes of the Resolution on the capital contribution to establish Thuan Duc Bim Son Joint Stock Company
Thuan Duc actively sources raw materials thanks to PP plastic recycling technology
Apr
TDP of CBTT on the change of CFO
Invitation letter for the 2021 Annual General Meeting of Shareholders and other documents for the Meeting
Notice of the organization of the 2021 Annual General Meeting of Shareholders of Thuan Duc Joint Stock Company and attached documents
Annual report 2020
Thuan Duc Joint Stock Company discloses information about the issue of shares to existing shareholders of Thuan Duc Eco Joint Stock Company, of which Thuan Duc Joint Stock Company is a shareholder.
Promote effective cooperation between Thuan Duc Group and Mirae Asset
Mar
The domestic market helped Thuan Duc increase 40% in revenue
Mar
Consolidated financial statements 2020 and explanations attached
Separate 2020 financial statements and explanations attached
Strengthen training and build an effective management system
Mar
TDP announces the adjustment of the final registration date to close the list of shareholders attending the 2021 Annual General Meeting of Shareholders on March 18, 2021.
Notice of the final date of registration for the closing of the list of shareholders attending the 2021 Annual General Meeting of Shareholders and BB-NQ on the organization of 2021 Annual General Meeting
Management Report of Thuan Duc Joint Stock Company 2020
Thuan Duc Group operates vehicles to transport employees to work
Jan
List of state shareholders, major shareholders as at 30/12/2020 Thuan Duc Joint Stock Company
Notice of the Ho Chi Minh City Stock Exchange on listing and date of securities listing change
Thuan Duc is in the Top 500 of Vietnam’s largest private enterprises
Jan
Consolidated Financial Statement Quarter 4 of 2020 and accompanying explanation
Consolidated Financial Statement Quarter 4 of 2020 and accompanying explanation
Decision approving the additional listing of the Ho Chi Minh City Stock Exchange
Dialogue meeting with employees and review of production in 2020
Jan
Securities registration certificate changed for the 3rd time
Meeting to deploy production and business activities of Thuan Duc Group in 2021
Dr. Le Tham Duong trains personnel at Thuan Duc Group
Dec
Thuan Duc Joint Stock Company changed its business license for the 11th time
Strategic symposium 2021 (continued)
Dec
2021 Strategy Symposium
President of Mirae Asset Finance Company visited and worked with Thuan Duc Group
Conference to summarize production and business activities in 2020 and
implementing strategic goals for 2021
Dec