Timeline of Establishment & Development
Electrical Construction Joint Stock Company I was established on March 2, 1963, with the original name of Line and Station Construction Company. After over 50 years of construction and development, from the initial key task of constructing and installing national power transmission projects, PCC1 has now proven its capacity in different economic fields and is ranked 185th in the TOP 500 largest private enterprises in Vietnam with a scale of more than 20 member units and achieved revenue of over 3,000 billion VND in 2014 and 2015.
Period 1967 – 1970:
On June 30, 1967, the Ministry of Heavy Industry decided to establish the Line and Station Construction Company, directly under the Electricity Department.
Period 1970 – 1975:
On June 30, 1970, the Transmission Line and Station Construction Company was established as a company under the Ministry of Electricity and Coal. Since then, the Company has been classified as a Department-level unit and is the superior management agency of enterprises, performing comprehensive and centralized economic accounting.
Period 1975 – 1979:
Line and Station Construction Company completes its independent organizational structure. During this period, the Company successfully completed two 220kV lines Ha Dong - Hoa Binh and 220kV line Thanh Hoa - Vinh, marking the capacity to build 220kV lines.
Period 1979 – 1988:
The company was renamed Line and Station Construction Company 1. In 1983, a number of units under the Company were separated to establish companies under the Ministry of Electricity including Line and Station Construction Company 4 located in Dong Anh, Hanoi Area Line and Station Construction Company, Line and Station Construction Company 3 is located in Vinh, Electrical Construction Company 5 is located in Vinh.
Period 1988 – 2005:
Based on the merger of Line and Station Electrical Construction Company 1 with Hanoi Line and Station Construction Company, Electrical Construction Company I was established in 1988 and is an enterprise directly under the Ministry of Energy. In the next stage, the Company successively belongs to Vietnam Electricity Corporation and Vietnam Industrial Construction Corporation (under the Ministry of Industry).
2005 to present:
In 2005, Electrical Construction Joint Stock Company I was equitized from the state-owned enterprise Electrical Construction Company I under Vietnam Industrial Construction Corporation. In 2008, Electric Construction Joint Stock Company I registered to become a public company with the State Securities Commission. At the time after equitization, the Company encountered many difficulties due to old management thinking and incompatibility with the operating model. Faced with that situation, the Company's leaders boldly changed their thinking and applied effective corporate governance methods including:
- Solve the problem of building a product-oriented strategy;
- Identifying technological innovation: synchronous investment in 110kV, 220kV single column production equipment; investing in machinery and equipment at Yen Thuong Factory; Complete the synchronous investment plan in modern wire pulling construction equipment for 500kV and 220kV lines.
From a construction contractor, the Company has risen to become a general electrical construction contractor in implementing EPC contracts and export contracts.
The company is the only unit in Vietnam capable of designing, manufacturing and installing separate bar steel pole products up to 750kV and single-pole 220 kV electric poles with 1, 2, 4 hot-dip galvanized circuits.
In November 2012, the Company was honored to be awarded the First Class Independence Medal.
2014 marked a new development step when the Company achieved revenue of over 3,000 billion VND and profit after tax of over 400 billion VND.
2015 was the 5th consecutive year that PCC1 exceeded the plan, specifically 2015 implementation reached 106% compared to the 2015 plan. From 2012 to 2015, PCC1's average revenue growth reached 32.3%/year; Average gross profit growth is 36.4%/year and gross profit margin is 14% - 21%.
2016 is the year PCC1 started implementing the 2016-2020 development strategy, Vision 2030 - The goal of striving to become the leading company in Vietnam, top 5 in Southeast Asia - performing general contractor for electrical and industrial projects.
The process of increasing the Company's charter capital
The Company's charter capital upon equitization in 2005 when first registering the business as a joint stock company was 50,000,000,000 VND. To date, the Company's charter capital is 752,629,140,000 VND (Seven hundred five two billion, six hundred twenty nine million, one hundred forty thousand VND). Details of the capital raising process are as follows:
Phase 1: August 2008 increased capital from 50,000,000,000 VND (Fifty billion VND) to 66,670,000,000 VND (Sixty-six billion, six hundred and seventy million VND) through issuance to existing shareholders:
- Charter capital before issuance: 50,000,000,000 VND (Fifty billion VND)
- Charter capital after issuance: 66,670,000,000 VND (Sixty-six billion, six hundred and seventy million VND)
- Par value: 10,000 VND/share
- Total number of shares issued: 1,667,000 shares
- Purpose: Investing in Nang Huong residential and commercial service area project.
Phase 2: September 2009 increased capital from 66,670,000,000 VND (Sixty-six billion, six hundred and seventy million VND) to 100,000,000,000 VND (One hundred billion VND) through issuance to existing shareholders and private placement:
- Charter capital before issuance: 66,670,000,000 VND
- Charter capital after issuance: 100,000,000,000 VND
- Par value: 10,000 VND/share
- Total number of shares issued: 3,333,000 shares
- Purpose: Invest in phase 2 of Nang Huong residential and commercial service area project and supplement working capital for the Company.
- Charter capital before issuance: 100,000,000,000 VND.
- Charter capital after issuance 140,000,000,000 VND
- Par value: 10,000 VND/share
- Total number of shares issued: 4,000,000 shares
- Purpose: Mobilizing investment capital for My Dinh project and other investment projects.
Phase 4: June 2013 increased capital from 140,000,000,000 VND (One hundred and forty billion VND) to 180,000,000,000 VND (One hundred and eighty billion VND) through payment of stock dividends and stock bonuses to existing shareholders
- Charter capital before issuance: 140,000,000,000 VND
- Charter capital after issuance: 180,000,000,000 VND
- Par value: 10,000 VND/share
- Total number of shares issued: 4,000,000 shares, of which:
o Total number of shares issued to pay stock dividends: 2,700,000 shares
o Total number of bonus shares for existing shareholders: 1,300,000 shares
- Purpose: Issued to pay dividends and bonus shares to existing shareholders.
Phase 5: July 2014 increased capital from 180,000,000,000 VND (One hundred and eighty billion VND) to 201,000,000,000 VND (Two hundred and one billion VND) through payment of stock dividends to existing shareholders
- Charter capital before issuance: 180,000,000,000 VND
- Charter capital after issuance: 201,000,000,000 VND
- Par value: 10,000 VND/share.
- Total number of shares issued: 2,100,000 shares
- Purpose: Pay dividends in shares to existing shareholders.
Phase 6: In November 2015, increased capital from 201,000,000,000 VND (Two hundred and one billion VND) to 341,694,850,000 VND (Three hundred forty-one billion, six hundred ninety-four thousand, eight hundred fifty VND) through the issuance and payment of stock dividends to existing shareholders
- Charter capital before issuance: 201,000,000,000 VND
- Charter capital after issuance: 341,694,850,000 VND
- Par value: 10,000 VND/share
- Total number of shares issued: 14,069,485 shares, of which:
o Total number of shares issued to existing shareholders: 10,049,784 shares
o Total number of shares paying dividends to existing shareholders: 4,019,701 shares
- Purpose: Supplementing capital for production, business, investment and issuance activities to pay dividends to existing shareholders.
Phase 7: June 2016 increased capital from 341,694,850,000 VND (Three hundred forty-one billion, six hundred ninety-four thousand, eight hundred fifty VND) to 637,821,960,000 VND (Six hundred thirty-seven billion, eight hundred twenty-one million, nine hundred sixty thousand VND) through stock bonuses and stock dividends to existing shareholders
- Charter capital before issuance: 341,694,850,000 VND
- Charter capital after issuance: 637,821,960,000 VND
- Par value: 10,000 VND/share
- Total number of shares issued: 29,612,711 shares, of which:
o Total number of shares issued to pay stock dividends: 6,833,810 shares
o Total number of bonus shares for existing shareholders: 22,779,368 shares
- Purpose: Issued to pay dividends and bonus shares to existing shareholders.
Phase 8: August 2016 increased capital from 637,821,960,000 VND (Six hundred thirty-seven billion, eight hundred twenty-one million, nine hundred sixty thousand VND) to 752,629,140,000 VND (Seven hundred fifty-two billion, six hundred twenty-nine million, one hundred forty thousand VND) through private issuance
- Charter capital before issuance: 637,821,960,000 VND
- Charter capital after issuance: 752,629,140,000 VND
- Par value: 10,000 VND/share.
- Total number of shares issued: 11,480,718 shares
- Purpose: Raise capital to carry out investment in Bao Lam 3 Hydropower project.
The charter capital of Electrical Construction Joint Stock Company I is currently 752,629,140,000 VND. According to Resolution No. 03/NQ-PCC1-DHĐCD dated August 19, 2016 of the General Meeting of Shareholders of Electric Construction Joint Stock Company I on Offering shares to strategic shareholders and listing shares on the Stock Exchange, before all shares are listed on the Ho Chi Minh City Stock Exchange, the Company will not make a private offering to any investor except for this private offering and bonus share issuance. for employees or issue shares to existing shareholders.
The number of shareholders of Electrical Construction Joint Stock Company I at the closing date of the listing registration application is 686 people.
Main business lines
- Real estate business, land use rights belonging to the owner, user or tenant. Details: Investing in creating houses and construction projects for sale, lease, or lease purchase; Buy houses and construction projects for sale, lease, or lease purchase; Renting houses and construction works for sublease; Investing in land improvement and investing in infrastructure projects on leased land to lease land that already has infrastructure; Receive transfer of land use rights, invest in infrastructure projects for transfer and lease; Rent land use rights with infrastructure for sublease.
- Consulting, brokerage, real estate auction, land use rights auction. Details: Real estate consulting services; Real estate brokerage services; Real estate valuation services; Real estate trading floor services; Real estate advertising services; Real estate management services; Organizing management, operation and exploitation services for urban areas and high-rise apartment buildings
- Related architectural and technical consulting activities. Details: Survey, design and construction of electrical, industrial and civil projects, supervision consulting, compensation and site clearance; Consulting on hydropower project management, hydropower post-investment management
- Vocational education. Details: Vocational training in electrical construction
- Other production not classified elsewhere. Details: Manufacturing steel columns, hot-dip galvanized and metal bridges for civil and industrial use;
- Construction of other civil engineering works. Details: Construction and installation of power transmission lines and transformer stations, power source projects, industrial and civil projects, infrastructure engineering, transportation, irrigation, post and telecommunications;
- Mechanical processing, metal treatment and coating
- Electricity production, transmission and distribution
- Other business support service activities have not been classified elsewhere. Details: Import and export of products the Company does business
- Mining stone, sand, gravel, clay. Details: Mining and processing all kinds of stone
- Ground preparation
- Electrical system installation
- Financial services support activities have not been classified elsewhere. Details: Investment consulting
- Other uncategorized professional, scientific and technological activities. Details: Measuring cadastral maps, solving plots, extracting land measurements to serve as compensation for construction works.
- Wholesale of metals and metal ores
- Iron Ore Mining
- Mining of other non-ferrous metal ores
- Iron, steel, cast iron production
- Manufacturing metal structures
- Forging, stamping, pressing and rolling of metal, metal powder refining
- Operating goods by road. Details: Cargo transportation business
- Wholesale of other household appliances. Details: Wholesale of household electrical appliances, lamps and electric light sets;
- Wholesale of electronic and telecommunications equipment and components
- Wholesale of other machinery, equipment and spare parts; Details: Wholesale of machinery, electrical equipment, electrical materials (generators; electric motors; wires and other equipment used in electrical circuits)
- Retail of computers, peripheral devices, software and telecommunications equipment in specialized stores.
To always improve the quality management capacity of projects and construction works carried out by the Company in addition to regularly fostering and training to improve the qualifications of management and technical staff. The company has been operating a quality management system according to ISO 9001-2008 standards.
- Construction and installation of national electricity transmission projects and power plants.
- Producing materials and equipment for the electrical industry to serve domestic needs and export abroad.
In addition, the company is performing well in the following areas:
- Investment: includes investment in building hydroelectric plants to supply electricity to the national grid system and investment in real estate business.
- Electrical design consulting and providing core business operations services.
Address: 1st, 2nd and KT Floors CT2 Building, No. 583 Nguyen Trai Street, Thanh Liet Ward, Hanoi
Phone: (84-4) 3845.6329; Fax: (84-4) 3823.1997
Disclosure Officer:
Email: [email protected]
Website: https://pc1group.vn/