{"id":17081,"date":"2025-03-30T19:30:00","date_gmt":"2025-03-30T12:30:00","guid":{"rendered":"https:\/\/www.cc1.vn\/?p=17081"},"modified":"2025-04-08T08:00:48","modified_gmt":"2025-04-08T01:00:48","slug":"cc1-tang-truong-doanh-thu-81-buoc-dem-vung-chac-de-tham-gia-sau-vao-cac-du-an-dau-tu-cong","status":"publish","type":"post","link":"https:\/\/www.cc1.vn\/en\/2025\/03\/30\/cc1-tang-truong-doanh-thu-81-buoc-dem-vung-chac-de-tham-gia-sau-vao-cac-du-an-dau-tu-cong.html","title":{"rendered":"CC1 REVENUE GROWTH 81%: A SOLID STEPPING STAGE TO DEEPLY PARTICIPATE IN PUBLIC INVESTMENT PROJECTS"},"content":{"rendered":"

CC1 has just announced its consolidated financial report for 2024, with many positive indicators showing that the company is gradually asserting its position in the infrastructure construction sector, especially in the context of public investment becoming the main driving force of the economy.<\/strong><\/p>\n\n\n\n

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The wave of public investment is creating "golden" opportunities for Vietnamese construction contractors. In the photo: CC1 participates in the construction of projects at Long Thanh International Airport.<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Construction Corporation No. 1 \u2013 JSC (UPCoM: CC1), one of the construction companies with a large market capitalization on the UPCoM exchange, has just announced its consolidated financial report for 2024 with many positive indicators showing that the company is gradually asserting its position in the infrastructure construction sector, especially in the context of public investment becoming the main driving force of the economy.<\/p>\n\n\n\n

Impressive revenue growth \u2013 Construction operations are the mainstay.<\/strong><\/p>\n\n\n\n

According to the consolidated financial report audited by PwC Vietnam, CC1 recorded consolidated net revenue of VND 10,160 billion \u2013 a remarkable growth of 81% compared to 2023. Of this, construction activities continued to be the main pillar, contributing 71% of total revenue, demonstrating the company's construction capabilities and the trust and preference it enjoys in the market.<\/p>\n\n\n\n

In particular, the company demonstrated flexibility in its financial operations, recording a significant reduction in financial expenses of 321 TP2T. Notably, interest expenses decreased by 401 TP2T \u2013 a result of effective cash flow restructuring and interest rate negotiations, optimizing costs in the context of declining market interest rates.<\/p>\n\n\n\n

Provisions for doubtful receivables also decreased sharply by 92 billion VND, reflecting the effectiveness of debt control and capital recovery efforts.<\/p>\n\n\n\n

Maintaining financial stability while scaling up.<\/strong><\/p>\n\n\n\n

CC1's total assets increased by 12% to VND 16,728 billion, reflecting a controlled development strategy and increased construction capacity. Liquidity indicators such as the quick ratio reached 1.06 and the current ratio reached 1.24, showing that the company has a sound financial foundation and is ready to respond to short-term risks.<\/p>\n\n\n\n

Although after-tax profit reached VND 229 billion \u2013 only completing 491% of the planned target \u2013 this figure still represents a 41% increase compared to the previous year, as the company is restructuring its investment portfolio and transforming its financial model towards greater sustainability.<\/p>\n\n\n\n

The decision not to prioritize short-term profits reflects CC1's long-term strategy: focusing on brand building, stable growth, and creating conditions for strong breakthroughs in the future.<\/p>\n\n\n\n

Seizing opportunities from public investment \u2013 Affirming general contractor capabilities.<\/strong><\/p>\n\n\n\n

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CC1 is the contractor involved in the construction of Tan Son Nhat Terminal 3, and the project is nearing completion.<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Increased advance payments and inventory are necessary tactics in the construction industry to ensure project progress, especially in the context of implementing a series of public investment projects under the policy of "completing 3,000km of expressways in 500 days and nights" and a series of key projects such as Terminal 3 - Tan Son Nhat Airport, Long Thanh Airport... all of which have had their construction schedules shortened to be put into use earlier than originally planned.<\/p>\n\n\n\n

This demonstrates CC1's ability to adapt to the demands of the market, investors, and government agencies.<\/p>\n\n\n\n

In addition, asset utilization efficiency has improved significantly: revenue on total assets increased by 47%, reflecting efforts to improve operational efficiency and accelerate capital turnover.<\/p>\n\n\n\n

Vision 2025: Optimizing the value chain, accelerating digital transformation.<\/strong><\/p>\n\n\n\n

CC1's leadership affirmed that its direction for 2025 will focus on three pillars:<\/p>\n\n\n\n

\u2022 Optimizing the supply chain from construction and materials to infrastructure investment.<\/p>\n\n\n\n

\u2022 Leverage the wave of public investment and PPP projects in the transportation and energy sectors.<\/p>\n\n\n\n

\u2022 Promote digital transformation and enhance financial management capabilities.<\/p>\n\n\n\n

With extensive experience in constructing key projects such as Long Thanh Airport, Tan Son Nhat Terminal 3, and Phu Tho Circus, CC1 is gradually realizing its aspiration to become a leading construction general contractor, contributing to the creation of national infrastructure and sustainable development.<\/p>\n\n\n\n

–According to Tuoi Tre newspaper.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

CC1 has just announced its consolidated financial report for 2024 with many positive indicators showing that the enterprise is gradually affirming its position in the field of infrastructure construction, especially in the context of public investment becoming the main driving force of the economy. Total [\u2026]<\/p>","protected":false},"author":2,"featured_media":17082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/posts\/17081"}],"collection":[{"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/comments?post=17081"}],"version-history":[{"count":2,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/posts\/17081\/revisions"}],"predecessor-version":[{"id":17087,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/posts\/17081\/revisions\/17087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/media\/17082"}],"wp:attachment":[{"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/media?parent=17081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/categories?post=17081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cc1.vn\/en\/wp-json\/wp\/v2\/tags?post=17081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}