Overview
Vietnam Electrical Equipment Joint Stock Corporation (GELEX – stock code GEX) was established on July 10th, 1990 under the scheme of accumulating firms of production, business, service, and electrical engineering research. With over 30 years of development, GELEX has become a large corporation having the market capitalization of more than VND 9 trillion. GELEX devises the structure of a private equity holding company focusing on pursuing the sustainable development of its two core business activities including Industrial production and Infrastructure.
Vision - Mission - Core Values
Branch Personality
Prestige: We are committed to doing what we say and saying what we do. For Gelex, prestige is an invaluable and inviolable asset. This is key to the success of Gelex employees and brand so far.
Quality: Product quality is our top priority. We have constantly improved ourperformance and looked for the best ways to achieve the highest satisfaction from clients within the shortest time and at the lowest cost.
Creativity: Creativity is what differentiates Gelex in the market. We have constantly improved and made great effort to to find new direction and actively create breakthroughs.
Vision
GELEX sets the target to be a reputable, reliable private equity holding company, is effectively managing its capital invested in the two core business sectors: Industrial production and Infrastructure.
Mission
“GELEX commits to offering customers premium products by
Modern technology solutions and outstanding services”
Branch Personality
Prestige: We are committed to doing what we say and saying what we do. For Gelex, prestige is an invaluable and inviolable asset. This is key to the success of Gelex employees and brand so far.
Quality: Product quality is our top priority. We have constantly improved ourperformance and looked for the best ways to achieve the highest satisfaction from clients within the shortest time and at the lowest cost.
Creativity: Creativity is what differentiates Gelex in the market. We have constantly improved and made great effort to to find new direction and actively create breakthroughs.
Vision
GELEX sets the target to be a reputable, reliable private equity holding company, is effectively managing its capital invested in the two core business sectors: Industrial production and Infrastructure.
Mission
“GELEX commits to offering customers premium products by
Modern technology solutions and outstanding services”
DEVELOPMENT HISTORY
1990
ESTABLISHMENT
- Electrical Engineering Equipment Joint Stock Corporation, currently known as Vietnam Electrical Equipment Joint Stock Corporation, was established under Decision No. 237 QD/CNNg-TCNS on July 10th, 1990 of Ministry of Heavy Industry (Now Ministry of Industry and Trade).
- Major business: Production, service and direct import – export of electrical equipment, electrical engineering materials.
- Total charter capital: VND 177 billion.
2006
ADJUSTED STRUCTURE
- Transformed into Parent Company – Subsidiaries Model under the Decision No.127/2006/QD-BCN on August 2nd, 2006 of Ministry of Industry and Trade.
- Major business: Import and export of electrical equipment and materials, industrial and civil electrical spare parts; Designing, manufacturing, trading and repairing electric measuring and counting equipment; Real estate, hotel services, tourism and offices for rent.
- Total charter capital: VND 500 billion.
2010
EQUITIZATION
- Implemented equitization in accordance with Decision No. 1422/QD-TTg dated 10/08/2010 by the Prime Minister.
- Renamed as Vietnam Electrical Equipment Joint Stock Corporation; registered trademark logo protection
- Total charter capital: VND 1,400 billion.
2015
OWNERSHIP STRUCTURE TRANSITION
- Revenue: VND 8,382 billion.
- Profit before tax: VND 574 billion.
- Charter capital was raised up to VND 1,550 billion
- 10/2015: Transacted on UPCOM – HNX.
2017
OPERATION EXPANSION
• Revenue: VND 11,984 billion.
• Profit before tax: VND 1,658 billion.
• Charter capital was raised up to VND 2,668 billion.
• Expansion of business areas:
– Energy field (establishing Gelex Energy One-member Limited Company);
– Logistics field (M&A South Logistics Joint Stock Company – SOTRANS);
– Pure Water field (M&A of Song Da Water Investment Joint Stock Company).
2018
REORGANISATION
• Revenue: VND 13,699 billion.
• Profit before tax: VND 1,533 billion.
• Charter capital: VND 4,065.6 billion.
• 18/01/2018: Traded on Ho Chi Minh Stock Exchange (HOSE) – GEX code.
• Operation under the model of a corporation, focusing on 2 areas: Industrial production (electrical equipment) and Infrastructure (electricity – water – logistics – real estate).
2019
CORE AREAS DEVELOPMENT
• Revenue: VND 15,315 billion.
• Profit before tax: VND 1,102 billion.
• Charter capital: VND 4,882 billion.
• Investment focused on:
– Industrial production (manufacturing and trading electrical equipment);
– Infrastructure (electricity production, pure water and office real estate).
2020
ENHANCING CORE FIELDS PRODUCTION CAPACITY
• Target revenue: VND 19,600 billion.
• Target profit before tax: VND 975 billion.
• Core business development:
– Industrial production (electrical equipment and construction materials);
– Infrastructure (electricity and pure water production, investment in the development of industrial zones and ecosystems around the industrial parks).
MANAGEMENT BOARD
- August 2020 – Present: Chairman of Vietnam Electrical Equipment Joint Stock Corporation
- June 2020 - Present: Member of the Members’ Council of SAS – CTAMAD Company Limited
- October 2017 - Present: Chairman of Vietnam KIP Joint Stock Company
MEMBER COMPANIES
- Ninh Thuan Gelex Energy Company Limited
- Song Da Water Investment Joint Stock Company
- Dien Gio Huong Phung Limited Company
- Quang Tri Gelex Energy Joint Stock Company
- Dak Lak Gelex Energy Joint Stock Company
- Tay Ninh Gelex Infrastructure Joint Stock Company
- Gelex Energy Services Joint Stock Company
- Dong Hai Energy Joint Stock Company
- Phu Thanh My Joint Stock Company
- Rooftop Solar Power Joint Stock Company
- Vietnam Rooftop Solar Energy Joint Stock Company
- Vietnam Electric Cable Corporation
- Cadivi Dong Nai Company Limited
- CFT Vina Copper Company Limited
- Electrical Equipment Joint Stock Company (THIBIDI)
- Dong Anh Manufacturing Electrical Equipment Joint Stock Company
- Hanoi Electromechanical Manufacturing Joint Stock Company
- Hanoi Mechanical Electric Joint Stock Company
- G – Power Electrical Equipment Manufacture Company Limited
- Emic Electrical Measuring Instrument Joint Stock Company
Sustainable Development
With the operating model of a corporation managing capital investment in 02 core business areas of Industrial Production and Infrastructure, GELEX pursues the model of Sustainable Development based on 5 main sustainability factors including including: Society – Environment – Customers – Shareholders & Partners – Employees. GELEX’s sustainable development goals are to maintain the harmony of interests between Enterprises and Customers, with Shareholders and partners; creating a friendly and civilized working environment for employees; bring meaningful values to the community; at the same time, affirms the reputation and goodwill of the business in its commitment to environmental protection in general.
