HQC – In 2015, Hoang Quan Consulting - Trading - Service Real Estate Corporation (HOSE: HQC) achieved impressive business outcomes with after-tax profit of 654.8 billion dong, except from Trade Disadvantage of 325.5 billion dong, in accordance with Circular No. 200/2014/TT-BTC regarding Corporate Accounting Policies, the profit from business activities gained 329 billion dong, in excess of the schedule palnned at Annual General Meeting 2015, 11 times more than the results in 2014.

Year 2015 has marked an important breakthrough of Hoang Quan Consulting - Trading - Service Real Estate Corporation through extending a resies of social housing outspreading HCMC and the Southern cities and provinces with 15 projects in total and more than 3,500 appartments distributed. In particular, Hoang Quan has succeeded in changing the concept, enhancing the level to social housing by connecting and cooperating with top national and international brands such as LG, Hyundai, Viglacera in order to equip with modern and high-quality products, services, maximum develop utilities for resident’s life at HQC social housing projects. 

In HCMC, HQC Plaza project is in handover of apartments to customers at 2 HQ1 and HQ2 blocks  as well as in prompt completion of 2 remaining blocks (HQ3 and HQ4) to continue the handover to customers.  HQC Plaza is a major social housing project in HCMC qith total investment of 1,450 billion dong, providing 1,735 apartments for the market. 
 
HQC Plaza is a typical social housing project in the Southern region. Hoang Quan Consulting - Trading - Service Real Estate Corporation is in handover of HQC Plaza apaprtments at 2 HQ1 and HQ2 blocks to customers. 

Simultaneously, HQC Hoc Mon social housing project (562 apartments) in HCMC has been performing the handover of uncompleted apartments to customers in agreed time. 

Specially, Hoang Quan Consulting - Trading - Service Real Estate Corporation is a reliable unit selected in cooperation with HCMC Housing Development Fund to invest HOF-HQC Ho Hoc Lam project (718 apartments) in Binh Tan District, HCMC. This event will mark a new advance, public-private enterprises cooperate together in social housing development field. Currently, HOF-HQC Ho Hoc Lam has been constructing to floor 1 and will become subsequently major social housing project in HCMC. 

In addition to HCMC area, in 2015, Hoang Quan Consulting - Trading - Service Real Estate Corporation has deployed a chain of social housing on a large scale outspreading other cities and provinces in the South including HQC Nha Trang (1,002 apartments) in Khanh HOa, HQC Phu Tai (306 apartments), HQC Han Kiem (3,186 apartments) in Binh Thuan, HQC Binh Minh (2,020 apartments) in Vinh Long… 

Besides, Hoang Quan Group has been investing educational projects such as Tay Nam A Economic and Technical Vocational School (HCMC), Phan Thiet University, Mui Ne Vocation School of Tourism (Binh Thuan). All of them are in use with stable numbers of students each year. The Group now continues to invest in Mekong Delta Univesity in Can Tho City, which is expected to start its enrollment in stage 1 with about 3,000 students in Quarter 2, 2016.   

The members of Hoang Quan Consulting - Trading - Service Real Estate Corporation also own housing real estate such as Urban zone - Mekong Delta Univesity (Can Tho) acted as the Employer by Hoang Quan Can Tho Investment Real Estate Corporation in which includes Thuong Thanh Residential Area (534 city houses with 1 ground floor and 1 upstair), Extended Thuong Thanh Residential Area, HQC Can Tho Social Housing. Up to now, Thuong Thanh Residential Area has handed over houses to customers as from the beginning of 2015, forming a modern residential community in fresh, clean and beautiful life environment. 

For industrial park real estate for lease, there include Binh Minh Industrial Park with 162 ha in Vinh Long acted as the Employer by Hoang Quan MeKong Consulting - Trading - Service Real Estate Corporation and Ham Kiem Industrial Park I with 146.2 ha in Binh Thuan invested by Hoang Quan Binh Thuan Consulting - Trading - Service Real Estate Corporation as the Employer. Both Industrial Parks have large land fund, overall facility and complete traffic system, ready to welcome foreign investment funds into Viet Nam.  

At the same time, Hoang Quan MeKong Consulting - Trading - Service Real Estate Corporation is in cooperation with Indochina Real Estate Development Investment Company Limited in investing and constructing office for lease-services-trade building - Royal Tower at Phu My Hung Urban Zone (District 7, HCMC).  Royal Tower has currently completed raw part and perfecting external part as well as construting final items including M&E equipment system, elevators…prepared ready in use from Quarter 2, 2016 as planned. With plentiful customers from its partner - Indochina Real Estate Development Investment Company Limited, as soon as it is in use, Royal Tower is expected to fill about 70% of the area. 

Only calculatedd in Quarter 4, 2015 – Consolidated Financial Statement, Sales and Services  Income gained 517.91 billion dong, increased by 74% year-over-year. Particularly, Real estate business income was 1.6 times more than year-over-year, in which the subsidiaries of Hoang Quan Group have carried out the conversion that has contributed 105.7 billion dong in the income in 2015.

However, Short-term receivables from customers and advanced payments to suppliers also increased which main reasons are because that bank loans of  customers who have started their purchase in the project’s completion stage were disbursed late against handover progress. Advanced payments to suppliers strongly increased because in 2015, the Company has  strengthened its investment in many project for the 2015-2020 stage. 

In Quarter 4, 2015, the Company has recognized financial income of 189 billion dong from equity transfer at Indochina Real Estate Development Investment Company Limited. Accummulated in the whole 2015, the Company has achieved impressive business results in which its income and profit are in record level. In details, sales income gained 1,430.1 billion dong, increased 4.3 times year-over-year. During 2010-2015, real estate income has always taken up dominant density of income structure. In 2015, income density from real estate in total income was 1.3 times higher than in 2010.  

Sales expense and Corporate management cost increased less than income level, respectively 1.28 times and 1.86 times year-over-year.

In 2015, after-tax profit gained 654.8 billion dong, except from Trade Disadvantage of 325.5 billion dong, in accordance with Circular No. 200/2014/TT-BTC regaridng Corporate business policies, the profit from business activities took up 329 billion dong in excess of the plan set forth at Annually General Meeting in 2015, 11 times higher than the result in 2014.

Unit: billion dong

As at the end of 2015, total asset of HQC in the period-end reached 6,387 billion dong, increased by 58% compared with the year-beginning. Debt/Asset Ratio was 37%. Period-end cash amount was 54.7 billion dong, twice higher than the beginning of year. Unappropriated profits after tax in the period-end was 658.4 billion dong on chartered capital of 3,950 billion dong. 

Continuing the focus on developing social housing product line, Hoang Quan Consulting - Trading - Service Real Estate Corporation will boost up its investment, multiple a chain of HQC sosial housing in several localities for the objectives of providing 10,000 – 20,000 apartments per year for the market, contributing in resolving the people’s housing demand in the National strategy. Namely, in 2016, the Company will deploy sosial housing projects such as HQC An Phu Tay, HQC Binh Trung Dong, HQC Song Da – Binh Tan (HCMC), HQC Tan Huong (Tien GIang), HQC Can Tho (Can Tho), HQC Tay Ninh (Tay Ninh)…
 

SOURCES: HOANG QUAN GROUP