AsemconnectVietnam - In the fourth quarter of 2023, Hoa Phat Group (HPG) recorded revenue of VND34,925 billion, up 33% over the same period in 2023. Profit after tax recorded VND2,969 billion, up 249% over the same period in 2022.

Accumulated for the whole year 2023, Hoa Phat will reach VND120,355 billion in revenue, down 16% compared to the previous year. Profit after tax is VND6,800 billion, equivalent to completing 85% of the year plan.
In 2023, Hoa Phat produced 6.7 million tons of crude steel, down 10% compared to 2022. Sales of HRC steel products, construction steel, high quality steel and steel billets reached 6.72 million tons, down 7%. Of which, construction steel and high quality steel reached 3.78 million tons, down 11% over the same period last year. HRC hot rolled steel recorded nearly 2.8 million tons, up 6% compared to 2022.
In addition to traditional steel product lines, Hoa Phat has invested in deep processing, promoting the production of high quality steel to serve domestic and export needs. Hoa Phat steel export market expands to 39 countries and territories worldwide.
Regarding steel pipe products, Hoa Phat has provided 685,000 tons to the market, down 9% compared to 2022. Galvanized steel of all kinds reached the same level as the previous year when it reached 329,000 tons.
With a crude steel capacity of 8.5 million tons/year, the largest in Vietnam and Southeast Asia, Hoa Phat leads the market share in Vietnam in construction steel, steel pipes, Top 5 largest manufacturers of galvanized steel sheets. , and is the only Vietnamese enterprise that can produce HRC steel, prestressed steel cables and many types of high quality steel.
Other business areas also made their mark with the official supply of container shell products to the market from the beginning of August 2023. Also in August, Hoa Phat put the first berth of the general container port in Dung Quat - Quang Ngai into operation to serve the cargo loading and unloading needs of businesses in Dung Quat Economic Zone and surrounding areas. The field of household appliances expands sales channels, continuously introducing a series of new products such as large freezers, washing machines, water dispensers, new generation water purifiers, air coolers, and induction cookers, infrared stove, dishwasher... meet the needs of the market.
Regarding the agricultural segment, HPG invests in animal feed factories, pig, cow, and chicken farms across the country with the goal of maintaining its position and market share in the leading group of clean chicken eggs, commercial pigs supplied to the market. In particular, Hoa Phat poultry exceeded the output of 300 million eggs for the first time, launching pink shell chicken eggs. Hoa Phat also continues to invest in expanding existing industrial parks in Hung Yen and Ha Nam, creating more clean land funds and technical infrastructure to serve the production and business investment needs of domestic and foreign enterprises.
Up to now, Dung Quat 2 Project has reached 45% progress, according to the proposed plan. When completed, the Group's steel production capacity will reach more than 14 million tons of crude steel/year, bringing Hoa Phat into the Top 30 largest steel enterprises in the world from 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan