Executive SummaryThe purpose of this report is to provide the readers with the financial health andinvestment plans of Kinh Bac City Development Holding Corporation KBC from 2018 tothe f
.TRƯỜNG ĐẠI HỌC NGOẠI THƯƠNG —000— ANALYSIS OF THE PERFORMANCE OF THE KINH BAC CITY DEVELOPMENT HOLDING CORPORATION NAME: GROUP 14 CLASS: KET307E(HK1-2324)1.1 BUI THU HIEN INSTRUCTOR: BOARD OF MEMBERS NGUYEN THUY ANH Name Parts in charge Phạm Trần Vân Hằng Ratio Analysis + Key Finding Đỗ Hồng Anh Total Liabilities & Equity + Key Finding Lương Tuấn Hưng Executive Summary + Total Asset Vũ Quang Minh Introduction of KBC + Income Statement Analysis + Conclusion Table Of Contents Introduction 1.1 Executive Summary 1.2 General Information of Kinh Bac City Development Holding Corporation 1.3 Vision Statement 1.4 Mission Statement 1.5 Key Milestones of Kinh Bac City Development Holding Corporation Balance Sheet Analysis 2.1 Total Asset 2.1.1 Growth Rate 2.1.2 Current Assets 2.1.2.1 Cash 2.1.2.2 Inventory 2.1.2.3 Account Receivables 2.1.3 Non-Current Assets 2.1.3.1 Fixed Assets 2.1.3.2 Long-term Unfinished Assets 2.2 Total Liabilities 2.2.1 Current Liabilities 2.2.2 Non-Current Liabilities 2.3 Equity 2.3.1 Stockholders’ Equity 2.3.2 Retained Earnings Income Statement Analysis 3.1 Net Revenue 3.2 Total Expense 3.3 Net Income Ratio Analysis 4.1 Liquidity Ratios 4.1.1 Current Ratio 4.1.2 Quick Ratio 4.1.3 Cash Ratio 4.2 Asset Management Ratios 4.2.1 Inventory Turnover 4.2.2 Receivables Turnover 4.2.3 Total Asset Turnover 4.3 Long-term Solvency Ratios 4.4 Profitability Ratios 4.4.1 Profit Margin 4.4.2 Return On Asset 4.4.3 Return On Equity Key Findings 5.1 COVID-19 Depression and its impacts on KBC’s financial performance 5.2 The effects of the Trang Cat project on KBC's financial indicators Conclusion REFERENCES APPENDIX Introduction 1.1 Executive Summary The purpose of this report is to provide the readers with the financial health and investment plans of Kinh Bac City Development Holding Corporation (KBC) from 2018 to the first months of 2023 The report’s analysis is mostly focused on the financial condition of KBC and the changes in investing activities of KBC over the years Our first step is to analyze every published financial document of KBC including, Balanced Sheet, Cash Flows Report, Financial Statements… We seek to identify any sudden change in either Assets, Liabilities or Cash Flows to figure out the company’s financial health and investment plans Then we analyze the associated figures with a list of ratios: Liquidity Ratio, Cash Ratio… to discover the information indicated through the reported data Additionally, we will also compare the documents and the results with other rival companies: Viglacera Company (VGC) and SONADEZI Chau Duc Shareholding Company (SZC) Finally, the paper will conclude with some key findings we have gathered through our research With solid facts and concise deduction, we hope we can prove that Covid-19 and the investment in “Trang Cat Industrial Zone and Urban Area Project” has massively affected the financial performance of Kinh Bac City Development Holding Corporation (KBC) 1.2 General Information of Kinh Bac City Development Holding Corporation Kinh Bac City Development Holding Corporation (KBC) was established on March 27, 2003, with a primary focus on providing expansive areas suitable for the construction of factories, workplaces, and residential spaces Notably, KBC has capitalized on the extensive agricultural land reserves allocated for conversion into urban zones, thereby facilitating the growth of the real estate and hospitality industries Moreover, the province of Bac Ninh has witnessed substantial advancements in modern infrastructure projects and transportation networks in recent years These developments have significantly bolstered the real estate business sector across the region and have had a direct positive impact on the specific expansion of KBC The land plots allocated to KBC through licensing possess prime locations, strategically positioned in terms of transportation accessibility and picturesque landscapes 1.3 Vision Statement Kinh Bac City Development Holding Corporation (KBC) aspires to establish itself as the preeminent corporation in Vietnam, specializing in the provision of contemporary and sustainable spaces for both work and residence Through its unwavering commitment to modernity and sustainability, KBC aims to set the benchmark for the industry, offering cutting-edge solutions that cater to the evolving needs of individuals and businesses By leveraging its expertise and capitalizing on its extensive land holdings, KBC seeks to lead the market by delivering innovative and environmentally conscious spaces that promote productivity, comfort, and a high quality of life Through its visionary approach and dedication to excellence, KBC aims to shape the future of working and living spaces in Vietnam, setting new standards for others to follow 1.4 Mission Statement KBC has made significant contributions to society by creating conducive environments for work and living, primarily through the establishment of the Green and Modern Industrial Park This industrial park has attracted high-tech, multinational corporations from around the world, who have chosen Vietnam as their investment destination and have set up factories within the park By providing these corporations with state-of-the-art facilities and infrastructure, KBC has played a vital role in promoting economic growth and technological advancement in the region Furthermore, KBC has been instrumental in meeting the housing needs of various segments of society The corporation has developed new residential areas specifically designed to cater to the expatriates working in the industrial park, as well as workers and residents in general These residential areas offer dream houses that combine modern amenities, comfort, and a high standard of living, thereby contributing to the overall wellbeing and satisfaction of the residents In addition to its tangible contributions, KBC has implemented standardized and innovative company governance procedures that serve as a benchmark for other enterprises operating on a large scale These procedures ensure operational efficiency, reduce errors, comply with regulatory requirements, and maximize value for shareholders By creating a harmonious and creative working environment, KBC fosters a positive organizational culture that promotes employee satisfaction, productivity, and innovation Overall, KBC's contributions encompass both tangible infrastructure development and intangible governance practices, all of which have had a profound impact on society, the economy, and the well-being of its stakeholders 1.5 Key Milestones of Kinh Bac City Development Holding Corporation December 18, 2007: Became a public company in 2007, with 88,000.000 shares first listed on Hanoi Stock Exchange December 18, 2009: Listed on the Ho Chi Minh Stock Exchange 2012: Was the toughest year for KBC, with negative business results of VND 483.9 billion, the share price decreased to the lowest level of VND 4,800 per share, and started to recover from the end of 2013 until now 2014 - 2015: Was the most successful corporation in Vietnam in debt restructuring and divestment projects that were not the core business Large investors continued to invest in KBC’s IP such as LG, Samsung’s satellites, Apple’s satellites, Korean, Chinese, Hongkong corporations Credit institutions and investment funds came back to grant new credit limits to the Corporation Document continues below Discover more from:học Mác Triết Lênin TRI114 Trường Đại học… 999+ documents Go to course Triết p1 - ghi chép 24 triết học mác lê nin Triết học Mác… 100% (84) TRIẾT-1 - Phân tích nguồn gốc, chấ… Triết học Mác… 100% (63) 2019-08-07 Giao 248 trinh Triet hoc… Triết học Mác… 99% (122) Tiểu luận Triết học 12 Triết học Mác… 98% (123) Đề cương Triết CK 34 Đề cương Triết CK … Triết học Mác Lênin 99% (77) QUAN ĐIỂM DUY VẬT 2016: KBC’s FDI attracting accounted for 12.06% of the total registered FDI of the BIỆN CHỨNG VỀ M… whole country Trang Due IP contributed to bringing Haiphong20 to the top of the country and Quang Chau IP to the fifth position in attracting FDI in Vietnam Triết học Mác… 100% (33) 2017: The first time to open for sale the Phuc Ninh UA - Bac Ninh with a subzone of 6.27 and 22 The first time to bring corporate bond products listed on HOSE 2018: IPs of KBC simultaneously achieved strong growth in attracting investment The growth rate of IPs reached an occupancy rate of more than 30% Que Vo, Trang Due IP got an occupancy rate of above 97% 2019: IPs reached 100% occupancy rate: Que Vo IP in Bac Ninh with a scale of 611ha, with a business cycle completion time of 12 -15 years; Trang Due in Hai Phong with a scale of 402 ha, with a business cycle completion time of 12 -15 years 2020 - 2021: The Pandemic made it impossible for investors to come to Vietnam to finalize contracts, and business operations of domestic enterprises, including KBC were delayed, leading to business results not being achieved as expected In 2020, KBC completed the payment of land-using fees for Trang Cat UA in Haiphong province with a scale of 584.9 ha, with a total payment to the state budget of 3,500.4 billion VND In 2021, KBC completed the legal procedures and put into business for Nam Son Hap Linh IP in Bac Ninh province, with a scale of 300 Balance Sheet Analysis It can be seen that KBC has experienced a significant change in the year 2020, with Total Assets going from 16,4 thousand billion Vietnam Dong to 23,7 thousand billion, almost a 50% increase Most of the increase belongs to the Current Assets, rising from 13,9 thousand billion to 21,4 thousand billion In 2021, the Current Assets also increased, but the increase of Fixed Assets was even more significant, doubled compared to 2020, going from 2,4 thousand billion to 4,9 thousand billion In 2022, both Current Assets and Fixed Assets kept on increasing further, with Fixed Assets still having a more significant growth 2.1 Total Asset 2.1.1 Growth Rate KBC Growth Rates (in percentages) and Total Assets (in million VND) from 2018 to 2022 The growth rate of a company refers to the rate at which various financial metrics or key performance indicators (KPIs) of the company change over a specific period It is often expressed as a percentage and can apply to various fields, including economics, finance, population studies… We measure the growth rate of KBC during the timeframe of 2018 to 2022 Using the total assets at the end of 2018 as base value, It is clear that KBC has experienced a sporadic growth spurt in the year 2020 Total assets in 2020 went from 16,4 thousand billion Vietnam Dong to a shocking 23,7 thousand billion Vietnam Dong It is almost a 50% increase And this phenomenon is unique to only KBC VGC Growth Rates (in percentage) and Total Assets (in million VND) from 2018 to 2022 SZC Growth Rates (in percentage) and Total Assets (in million VND) from 2018 to 2022 As seen from the graphs above, this kind of growth does not happen to SZC nor