At the 2021 Annual General Meeting of Shareholders held on April 26, Sonadezi Long Binh's General Meeting of Shareholders has recognized the Company's efforts with the results that in 2020 exceeded the plan.
According to the annual report of 2020, Sonadezi Long Binh achieved total revenue of 365,275 billion VND, reaching 103.4% of the plan; Profit after tax was 112,926 billion VND, reaching 115.1% of the plan; State budget contribution 61,725 billion Dong, reaching 139.6% of the plan; rate of return on equity reached 29.95%; the rate of profit after tax / total assets reached 9.45%; dividend 25%. In 2020, the company's total assets will increase from VND 978.8 billion to VND 1,195 billion.
With 4 industrial zones in Dong Nai province, Sonadezi Long Binh owns a total land fund of nearly 869 hectares. In addition, the company has a land fund of about 120,000 square meters in Chau Duc Industrial Zone, Ba Ria - Vung Tau to exploit the factory business and is contributing capital to Sonadezi Binh Thuan Joint Stock Company - investor of Tan Duc Industrial Zone, scale 300. ha in Binh Thuan province.
Currently, Sonadezi Long Binh has leased 574.94 ha / 636.76 ha of industrial land. In which, Bien Hoa 2 Industrial Zone and Go Dau Industrial Zone occupied 100%, Xuan Loc Industrial Zone occupied 88%. As for Thanh Phu Industrial Zone, due to problems in compensation and site clearance, the occupancy rate is 59% (reaching 100% compared to the existing clean land fund); The remaining 53.9 ha of Industrial Zone is in the process of site clearance.
In addition to industrial land products, in 2020 Sonadezi Long Binh will promote the deployment of factory-for-rent products. Accordingly, the company has expanded and leased factories in Bien Hoa 2 Industrial Zone, and is preparing to invest in building a factory for rent in Thanh Phu Industrial Zone and Chau Duc Industrial Zone in 2021.
In addition, the project of cooperation in the construction and exploitation of domestic and bonded warehouses of Sonadezi Long Binh and ICD Tan Cang Long Binh exploits 100% of the area of 03 warehouses with the size of 63,900 m2, the profit exceeds 5.03% over the same period.
Regarding construction investment, in tandem with the implementation of new investment in a number of infrastructure items in Thanh Phu Industrial Zone, Xuan Loc Industrial Zone, Sonadezi Long Binh continue to re-invest, improve infrastructure, develop utilities in the industrial zone that has been filled up in order to improve the quality of service provided to customers.
Currently, although the Covid -19 translation is still complicated, affecting the marketing and attracting investment in industrial zones, Sonadezi Long Binh keeps it up to maintain growth. In 2021, Sonadezi Long Binh aims to achieve total revenue of about VND 379.5 billion, after-tax profit of about 113 billion VND, payment to the state budget of 44.5 billion VND, capital construction investment of about 149 billion VND, dividend payment 25%.