Biwase General Meeting of Shareholders: Planning a minimum profit of VND 700 billion in 2024
On the morning of March 25, Joint Stock Company - Binh Duong Water - Environment Corporation (Biwase, code BWE - HoSE exchange) organized the 3 Annual General Meeting of Shareholders.
Talking at the 2024 Annual General Meeting of Shareholders, Mr. Tran Chien Cong, General Director of Biwase said that in 2023, the Company will focus on expanding the scope of water supply and enhancing customer service, with positive results. Domestic water consumption output increased significantly over the same period, in particular, there was a strong focus on putting the phase 4 compost production plant into operation, increasing its total capacity to 2.520 tons/year and terminating it. bury.
At the same time, in 2023, Biwase officially operates the earth furnace project combined with safe and stable power generation of 5 MW.
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| Mr. Tran Chien Cong, General Director of Biwase. Photo by Le Toan |
Regarding the economic situation, Mr. Tran Chien Cong said that in 2023, the economy will continue to be affected after the Covid-19 pandemic, the socio-economic development situation of Binh Duong province will also face many difficulties, one A number of businesses have stopped or are operating moderately, causing water consumption for production and business and waste to decrease somewhat, and prices of raw materials and raw materials to increase while unit prices of supplied products have not been adjusted. Appropriate and timely prices have also affected business results.
Regarding business results in 2023, for water production and business, at the end of the fiscal year, Biwase recorded water production revenue of VND 2.307 billion, an increase of 1,45% over the same period. Of which, water consumption increased by 1,28%, to 183,6 million m3; The water loss rate continues to be 5%; The total investment value of shaft and distribution pipeline projects using development investment capital is 91,6 billion VND; and in 2023, the Company has connected 18.997 more water supply customers, bringing the total number of connected customers to 372.177 customers.
For waste collection, transportation and treatment activities, in 2023, revenue in this field will be recorded at 908 billion VND. In particular, the number of new customers developed in 2023 will add 182 customers, bringing the total number of customers to 2.781 customers; The volume of waste received in 2023 will reach more than 932.000 tons.
For wastewater collection and treatment activities, in 2023, revenue will reach 114 billion VND. In particular, the Company has developed a total of 27.067 wastewater connection customers.
Entering 2024, Biwase plans a revenue of 4.100 billion VND, an increase of 3,1% over the same period, and an expected profit after tax of at least 700 billion VND, an increase of at least 16,5% compared to the year's performance. 2023, expected cash dividend of 13% and water loss rate of the entire Company of 5% or less.
In the field of water supply, Biwase continues to invest in transmission and distribution pipe networks to remote areas, develop customer connection work to provide clean water to consumers to maximize efficiency. capacity of existing projects.
In particular, the Company focuses on accelerating investment in expanding Chon Thanh water plant, increasing capacity by about 30.000 m3/day and night; Expanding the water supply network in Bau Bang, Phu Giao, Dau Tieng, Tan Uyen, Chon Thanh - Binh Phuoc areas; Investing in improving facilities, increasing the capacity of Nhi Thanh water plant by 60.000 m3/day...
In the field of waste treatment, increase the collection and treatment of all received waste, promote the waste treatment capacity of the waste processing line into organic fertilizer with a capacity of 840 tons/day, and waste incinerators. capacity of 200 tons/day combined with 5 MW power generation.
In addition, invest in an incinerator with a capacity of 500 tons/day combined with 12MW electricity generation; Accelerate the progress of compensation, support, and site clearance of about 400 hectares to serve the construction of the solid waste treatment complex in Tan Long commune, Phu Giao district, Binh Duong province.
For the field of wastewater collection and treatment, the Company will complete the approval of the unit price plan for domestic wastewater drainage services; Strengthen customer connection and improve relevant mechanisms and policies in the field of wastewater treatment.
“Biwase continues to well implement investment and development plans, ensuring clean water supply in provinces where the Company participates in investment such as Dong Nai, Binh Phuoc, Can Tho, Long An, Quang Binh, Vinh Long ; Ensure safe water supply, clean and safe environment for investors, ensure water loss level is maintained or lower than current; improve business efficiency in purchased companies", Mr. Tran Chien Cong emphasized on the Company's business strategy in the coming time.
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