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Quang Ninh Thermal Power Joint Stock Company (Vietnam)

Main Activities: Electric Power Generation | Hydroelectric Power Generation
Full name: Quang Ninh Thermal Power Joint Stock Company Profile Updated: November 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The company specializes in Electric power generation, transmission and distribution.
The company was founded in 2002.Headquarter: Group 33, Zone 5, Ha Khanh Ward, Ha Long City, Quang Ninh Province, Vietnam
Main business:
Electric power generation, transmission and distribution
Vocational education
Wholesale of waste and scrap and other products n.e.c
Wholesle of construction materials, installation supplies
Manufacture of cement, lime and plaster
Travel agency activities
Short-term accommodation activities
Restaurants and mobile food service activities
Manufacture of articles of concrete, cement and plaster
Manufacture of other non-metallic mineral products n.e.c
Construction of other civil engineering projects
Real estate activities with own or leased property
History:
On February 4, 2002, in order to meet the increasing demand for electricity, especially in the Northeastern provinces, Quang Ninh Thermal Power Joint Stock Company was permitted by the Government to be established;
On December 16, 2002, the Company was granted the first Business Registration Certificate by the Department of Planning and Investment of Quang Ninh province with a charter capital of VND 2,800 billion;
On May 19, 2004: Officially started leveling the ground for Quang Ninh Thermal Power Plant No. 1 (NDQN 1);
On October 31, 2005: The EPC contract signing ceremony for the NDQN 1 project was held;
On April 2, 2006: Started construction of the main plant of the NDQN 1 Project;
November 16, 2006: The EPC contract signing ceremony for the Quang Ninh 2 Thermal Power Plant (NDQN 2) project was held;
May 28, 2007: The main plant of the NDQN 2 Project started construction in Ha Khanh Ward, Ha Long City, Quang Ninh Province.
On May 12, 2009, Unit 1 of the NDQN 1 Project was officially synchronized for the first time to the national grid, completed reliable operation (RTR) in March 2010 and was granted a conditional temporary acceptance certificate (PAC) in July 2011.
On June 2, 2010, TM2 of the NDQN 1 Project was synchronized to the national grid, completed reliable operation (RTR) in October 2010 and was granted a conditional PAC in April 2011.
On July 1, 2012, both TMs of the NDQN 1 Plant officially participated in the competitive power generation market.
On December 13, 2012, TM3 of the NDQN 2 Project was synchronized for the first time and officially generated power into the national grid, completed reliable operation in June 2013 and was granted a PAC from January 1, 2014.
On September 9, 2013, TM4 of Quang Ninh 2 Project was officially synchronized for the first time to the national grid, completed reliable operation in January 2014 and was granted PAC from March 16, 2014.
On June 1, 2015, both TMs of NDQN 2 Plant officially participated in the competitive power generation market.
On January 13, 2016, the Company signed a power purchase agreement merging the two power purchase agreements NDQN 1 and NDQN 2 with EVN No. 01/2016/HD-NMD-QN.
2017: The Company s shares were listed for the first time on Upcom with the code QTP from March 16, 2017.

Headquarters
Group 33, Block 5, Ha Khanh Ward
Ha Long; North Eastern Vietnam;

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Website: http://www.quangninhtpc.com.vn

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2002
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chief Executive Officer
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Director/Member of the Board
Ownership Details
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42%
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16.35%
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11.42%
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10.62%
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2.45%
Company Performance
Financial values in the chart are available after Quang Ninh Thermal Power Joint Stock Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
-2.03%
Total operating revenue
-2.03%
Operating profit (EBIT)
13.65%
EBITDA
-14.98%
Net Profit (Loss) for the Period
15%
Total assets
-2.5%
Total equity
-1.32%
Operating Profit Margin (ROS)
0.81%
Net Profit Margin
0.77%
Return on Equity (ROE)
1.23%
Debt to Equity Ratio
-8.89%
Quick Ratio
0.11%
Cash Ratio
-0.13%

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