Duong Hieu Trading and Mining Joint Stock Company, which was previously known as Duong Hieu Private Enterprised, founded in 30 June, 2003 with a small office of less than 10 employees and its charter capital was only 1 billion VND. Our main businesses were to supply materials, equipments for heavy industry such as diatomic brick, refractory products and electric appliances. Despite of having a very rough start, we always put all our efforts in maintaining, developing as well as expanding our business.
All of our branches in Ha Noi, Ho Chi Minh and Da Nang, which are Authorized Distributors of SIEMENS, supply electric equipments for factory and household. We always take pride in being the best seller of SIEMENS in three consecutive years – 2013, 2014 and 2015.
Moreover, we also supply general solution and integrated control such as: Security Alarm System (Bosch), Intelligence Control System for apartment (KDOne-Korea) and Power Bank System (UPS Gamatronic).
As we expanded business to Real Estate and Mining, the company decided to improve our financial strength by inviting shareholders to invest in Duong Hieu Trading and Mining Co., Ltd. Consequently, in February 2010, our charter capital was 160 billion VND, which rocketed up and reached 251 billion VND in November 2012.
Duong Hieu Trading & Mining Co., Ltd officially became a public company with an Initial Public Offering (IPO) of 16 million stocks in Ho Chi Minh Stock Exchange (HOSE). Until 11 November 2015, after issuing shares and paying dividends twice, the total stocks in the market were 25,143,123.
After one year of switching from a proprietary company to a public one, the business is prospered. Specifically, total revenue of 2012 was 760.5 billion VND which was a 65.63% increase compared to our target. Moreover, profit after tax was VND 45.88 billion, increased by 61.47%. Earnings per share was VND 2,856.79/stock, equivalent to 28.68% compared to the IPO (According to financial report which was audited as per financial year 31 December 2012, which was when the company went public).
Despite of the slow recovery of the national economy from a recession in 2013, our management team did put great effort into guiding the company during this difficult time. In particular, our popular products kept yielding revenue and profit. In addition, the Board of Management decided to expand the business in various industries. As a result, in 11 November, 2013, company bought shares of Bac Viet Mining Co., Ltd which was mining iron ore in Tan Phu ward, Tan Son district, Phu Tho province and working on geophysical survey in some of iron ore mine in Bac Can province.
Duong Hieu JSC owned 45% of the total shares of Bac Viet Co., Ltd. In the following few years, the company continuously expanded their business but still focused on the mining industry. In 2015, Duong Hieu’s total revenue was 476 billion VND, profits after tax was 5.2 billion VND (Source: Duong Hieu’s financial report which was audited by Dat Viet Co., Ltd)
Duong Hieu’s total revenue was 316.6 billion VND, profit after tax was 6.7 billion VND (Source: Duong Hieu’s financial report which audited by Dat Viet Co., Ltd)