INTRODUCTION TO PHU TAI JOINT STOCK COMPANY (PTB)
Phu Tai Joint Stock Company was transformed from Phu Tai Company - Ministry of Defense under Decision No. 150/2004/QD-BQP dated November 10, 2004 of the Minister of National Defense. Currently, the company is headquartered at 278, Nguyen Thi Dinh, Quy Nhon City, Binh Dinh Province.
Video introducing Phu Tai Joint Stock Company
INTRODUCTION TO THE DEVELOPMENT JOURNEY OF PHU TAI JOINT STOCK COMPANY
Phu Tai Joint Stock Company is an "ecosystem" with 13 subsidiaries and 15 affiliated units. In the second quarter of 2021, PTB's net revenue reached 1,616.2 billion VND, up 20% over the same period. The company has gone through many ups and downs in development to be able to achieve the achievements it has today:
- December 10, 1994: The Commander of Military Region 5 decided to establish Phu Tai Construction Materials Production Company, abbreviated as Phu Tai Company (Decision No.: 124/QD-QK). On the basis of merging 3 units: Enterprise 380, Enterprise 224, An Truong Construction Materials Production Enterprise.
- 1996: The Ministry of National Defense officially established Phu Tai Company under the Military Command (Decision No.: 482/QD-QP). On the basis of merging enterprises and production units: Enterprise 380, Enterprise 224, An Truong Construction Materials Production Enterprise, vehicle team, representative office in Da Nang, representative office in Ho Chi Minh City.
- 2000: The Commander of Military Region 5 adjusted the organizational structure of Phu Tai Company (Decision 125/QD-QK), including the company's agency and 8 member units: Enterprise 380, Enterprise 224, Enterprise 991, Enterprise Thang Loi, construction stone production and agricultural and industrial cultivation team, transportation and mechanical repair team, representative office in Ho Chi Minh City, branch in Thanh Hoa. Invest in the establishment of Toyota Da Nang Enterprise - Phu Tai Company.
- 2004: The Minister of National Defense decided to transform Phu Tai Company under Military Region 5 into Phu Tai Joint Stock Company (Decision No. 150/2004/QD-BQP). Invest in the establishment of Wood Processing Factory - Branch of the Company in Dong Nai province. Established Dinh Binh Stone Production Team.
- 2005: The Minister of National Defense decided that Phu Tai Joint Stock Company officially went into operation under the joint stock company model from January 1, 2005 (Decision No. 150/2004/QD-BQP). Phu Tai Joint Stock Company includes the company's agency and 6 member units: Enterprise 380, Toyota Da Nang Enterprise, Thang Loi Enterprise, the Company's branch in Dong Nai, Nhon Hoa construction stone production and agricultural and industrial cultivation team. , representative office in Ho Chi Minh City. Invest in the construction of a facing stone processing factory in Quy Nhon and the office building of Phu Tai Joint Stock Company.
- 2006: Invest in establishing a branch of Phu Tai Joint Stock Company in Gia Lai province.
- 2007: Invest in the construction of a branch of Phu Tai Joint Stock Company - Basalt and granite processing factory in Dak Nong province. Construction and relocation of Thang Loi Enterprise, Quy Nhon Branch - Toyota Da Nang Enterprise, received the transfer of controlling shares of Phu Yen Construction Materials Joint Stock Company.
- 2008: Invest in the construction of a branch of Phu Tai Joint Stock Company - Granite processing factory in Khanh Hoa province.
- May 20, 2011: Phu Tai Joint Stock Company was approved to be listed on the Ho Chi Minh City Stock Exchange (HoSE) from May 20, 2011 with the stock code PTB. The charter capital of the Company is more than 485.9 billion VND – according to the consolidated financial statements for the second quarter of 2021. At the end of August 4, 2021, at the end of the session, PTB's share price was at 98.6 thousand VND/share.
- 2012: Invest in expanding Toyota Da Nang Enterprise - Phu Tai Joint Stock Company.
- 2013: Invest in receiving the transfer of 100% charter capital of Tuan Dat Minerals One Member Limited Liability Company.
- 2014: Invest in the construction of the office building of Enterprise 380, expand the wood processing factory of Thang Loi Enterprise - Phu Tai Joint Stock Company.
- 2015: Invest in establishing Universal Stone Joint Stock Company, establish a facing stone processing factory in Dong Nai province - Branch of Phu Tai Joint Stock Company.
- 2016: Invest in buying controlling shares of ViNa G7 Joint Stock Company, establish a facing stone processing factory in Binh Dinh province, establish a facing stone processing factory in Hung Yen province - Branch of Phu Tai Joint Stock Company.
- 2017: Invest in establishing Phu Cat Wood Processing Factory, receive the transfer of land and assets on land of VRG Binh Dinh Stone Joint Stock Company, establish Dien Tan Facing Stone Processing Factory, convert 1 branch to a subsidiary owned by the parent company with 100% charter capital (Phu Tai Dong Nai One Member Limited Liability Company). Acquired 70% of the capital of Granite Stone Production Company - Granida Limited Liability Company.
- 2018: Established Phu Tai Real Estate One Member Limited Liability Company. Received the capital contribution transferred by Thanh Chau Phu Yen Granite Stone Co., Ltd. (100% charter capital ratio). Established Phu Tai Ninh Thuan Stone Joint Stock Company. Established a branch of Phu Tai Joint Stock Company - Khanh Hoa stone exploitation enterprise, Binh Dinh stone exploitation enterprise, Long My stone processing factory. Established Phu Tai High-Grade Quartz Stone One Member Limited Liability Company.
BUSINESS LINES OF PHU TAI JOINT STOCK COMPANY
PTB has 3 main business segments including: production and distribution of raw wood and refined wood, production and distribution of natural stone including granite, marble, crushed stone, distribution of Toyota cars. Recently, PTB has been gradually shifting its business structure, focusing on developing the existing wood segment with high growth potential in the long term.
- Cutting, shaping and finishing granite, basalt, marble.
- Exploiting granite, basalt, exploiting stone, sand, gravel for construction materials.
- Trading products from granite, basalt, marble.
- Production of crushed stone, stone powder and similar products.
- Manufacturing interior wood products, outdoor furniture, other wood products.
- Dealer for TOYOTA Vietnam, trading in used cars, providing spare parts and after-sales services.
In addition, there are also products on construction materials and investment in real estate business, restaurants, hotels, office and workshop rental services...
OPERATING STATUS AND ACHIEVEMENTS OF PHU TAI JOINT STOCK COMPANY
According to the introduction on the homepage of Phu Tai Joint Stock Company, this enterprise owns a huge "ecosystem" with 13 subsidiaries. Notable among them are Phu Yen Construction Materials Joint Stock Company, Tuan Dat Minerals One Member Limited Liability Company, Universal Stone Joint Stock Company, Granit Stone Production Company Limited - Granida, Phu Tai One Member Limited Liability Company. Tai Dong Nai, Vina G7 Joint Stock Company, Thanh Chau Phu Yen Granite Stone Company Limited and Phu Tai Real Estate One Member Limited Liability Company...
In the field of automobile service business, with two subsidiaries: Toyota Da Nang One Member Limited Liability Company (total area + workshop up to 3,852 m2) and Toyota Binh Dinh One Member Limited Liability Company.
In the business segment of wood and stone products, Phu Tai Joint Stock Company also has 15 affiliated units, including Thang Loi Enterprise, Enterprise 380, Long My Stone Processing Factory, Phu Cat Wood Processing Factory... (Binh Dinh), Dak Nong mining enterprise, facing stone processing factory in Dong Nai province...
Notably, in August 2020, PTB approved the Phu Cat Binh Dinh interior wood processing factory project with a total investment of 429 billion VND (investment capital includes 30% equity and 70% bank loans), total land use area 52,149 m2 with 2 3-storey workshops, divided into 3 phases. In which, Phase 1 has an investment of 201 billion VND to build a workshop, operating in the first quarter of 2021.
Phase 2 has an investment of 34 billion VND to build a warehouse, a drying kiln system and will operate from the second quarter of 2021 and Phase 3 has an investment of 194 billion VND, operating from the third quarter of 2021. It is estimated that after completing phases 1 and 2 of the Phu Cat factory, the total capacity of PTB's wood processing factories will reach about 80,000 products/year; an increase of nearly 26% compared to 2020's capacity, ensuring the growth story of the wood segment in the coming time, especially in the furniture group, which is a product line with high gross profit margin.
Meanwhile, in the real estate segment, the Phu Tai Residence project started construction in 2019 in Quy Nhon City, Binh Dinh Province. This is a 33-storey apartment project with 622 apartments and 12 commercial apartments. As of June 2021, according to the company, PTB has sold about 45% of the project's apartments and expects to sell 70% by the end of 2021, with the expected handover time. in the third quarter of 2021.
Phu Tai Joint Stock Company is known for its facing stone mining activities, stretching across the country.
Regarding the operating situation, Phu Tai Joint Stock Company (stock code PTB - HOSE) has just announced its consolidated financial statements for the second quarter and the first 6 months of 2021.
Specifically, in the second quarter of 2021, Phu Tai Joint Stock Company's net revenue reached 1,616.2 billion VND, up 20% over the same period last year.
Cost of goods sold increased by 19% to 338.7 billion VND, leading to a 21% increase in gross profit to 338.7 billion VND. At the end of the second quarter, Phu Tai's after-tax profit reached 126 billion VND, up 47% compared to the second quarter of 2020.
PTB's revenue structure by market in the period 2016 - 2020. According to KBSV.
In the first 6 months of the year, the Company's net revenue reached 3,019.6 billion VND, up 18%. In which, revenue from wood products reached 1,817.6 billion VND; revenue from stone products reached 716.4 billion VND and revenue from selling Toyota cars reached 438.9 billion VND.
Profit after tax in the first 6 months of 2021 reached 228.5 billion VND, up 52%. Therefore, the profit from the parent company also reached 220.3 billion VND.
In 2021, Phu Tai Joint Stock Company plans its business with expected consolidated revenue to reach 7,000 billion VND, profit after tax to reach 524.5 billion VND, an increase of 24% and 38% respectively compared to 2020.
Thus, in the first 6 months of the year, the Company has completed 43.1% of the revenue target and 43.6% of the profit target for the year.
As of June 30, 2021, Phu Tai's total assets reached nearly 5,459 billion VND, up 14% compared to the beginning of 2021.
In which, short-term receivables increased by 22% to 1,760 billion VND; inventories increased by 18% to 976 billion VND. On the other hand, payables were 3,355 billion VND, up 21%, of which short-term borrowings and finance leases were 1,673.1 billion VND, up 19.7%.
In the past 5 years (2016 - 2020), the business results of Phu Tai Joint Stock Company have also grown quite impressively.
Accordingly, Phu Tai Joint Stock Company's net revenue from sales and service provision continuously increased from over 3,661.5 billion VND (2016) to 5,602.2 billion VND (2020).
Profit after tax also increased sharply from 278.2 billion VND (2016) and peaked at more than 456.8 billion VND (2019), before falling to 379.3 billion VND (2020).
