AsemconnectVietnam - On the morning of June 23, the 2023 Annual General Meeting of Shareholders of One Capital Hospitality Joint Stock Company (code OCH - HNX) discussed and agreed with the above ambitious goal.

OCH's total revenue in 2022 has a breakthrough compared to 2021, reaching VND1,017 billion; profit after tax reached more than VND72 billion, while the previous year's loss was VND468 billion. In the revenue structure, semi-finished products account for more than VND898 billion, the rest is revenue from providing services and selling goods.
Talking to shareholders at the meeting, business leaders said that the Company promotes the application of digital technology in business operation and management, focusing on developing and improving the competitiveness of the main industry. These can include POS applications in sales activities, or linking with payment service providers to create more convenience for customers; research and put into application the DMS distribution system management platform as well as the business management platform to optimize the operating system.
For the food segment, the Company will continue to improve production capacity, open more factories and stores, and implement solutions to stabilize production to ensure good supply during peak and seasonal seasons. The company focuses on investing in research and development of new products with high competitiveness in the market, ensuring health thanks to natural and safe ingredients.
In the field of hotel and resort business, the company owns 4- and 5-star brands, StarCity Nha Trang and Sunrise Nha Trang. In 2023, the Company will apply a series of cost optimization measures, expand the customer file, build a flexible room rate structure, offer many product packages to attract new customers to achieve the highest possible occupancy rate.
Despite the challenging market situation, the meeting agreed on the Company's consolidated revenue plan in 2023 to reach VND1,196 billion, an increase of 18% compared to the previous year; Target consolidated profit after tax more than doubled, to more than VND148 billion.
In the Q&A session, the Board of Directors of the Company shared important information.
Regarding the question related to the plan of Trang Tien Ice Cream Joint Stock Company in the coming time, Mr. Le Dinh Quang, General Director said, although Trang Tien Ice Cream's revenue only reached 95% of the year plan, after many years. As part of efforts to accelerate after the period affected by the Covid-19 epidemic in early 2022, Trang Tien Ice Cream's pre-tax profit exceeded the plan by 3 times. New products are also introduced to the market to expand the menu and increase competitiveness such as apricot ice cream, mochi ice cream, Trang Tien cold tea...
To continue accelerating in 2023, Trang Tien Ice Cream focuses on R&D, increasing production capacity, and meeting the diverse needs of the market.
In response to the question regarding key human resources and governance structure, Mr. Huynh Minh Viet, a member of the Board of Directors of the Company, said that after consolidating personnel from the General Meeting of Shareholders in April 2022, the Board of Directors made a decision. a series of guidelines and strategic orientations to promptly continue operating the member units. The Board of Directors with 3/5 are independent members including the Chairman of the Board of Directors and no member participates in running the Company, ensuring maximum transparency. The organizational structure is streamlined, highly specialized, experienced in many fields.
Regarding the question related to accumulated losses, Ms. Nguyen Thu Hang, Chairman of the Board of Directors of the Company, said that with favorable business results, in 2023, the Company set a profit target of VND148 billion, doubled compared to 2022. With the recent global and domestic economic developments, the Board of Directors has not yet given specific figures on the goals for 2024 and 2025, but the Company has a plan to compensate for this loss.
The Company's financial position is assessed as stable by the Board of Management, the payment ratios in 2022 have a better change than in 2021. The 2022 annual report shows that the current ratio increased from 1. 83 to 1.89 times; payment coefficient in cash increased from 0.27 to 1.21 times. The parent company does not have large debts or bank loans.
N.Nga
Source: VITIC/Tinnhanhchungkhoan