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QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Active

Business ID 5700434869

84-203 / 3657539

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Active

Business ID 5700434869

84-203 / 3657539

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Active

Summary

Name:

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Business ID (TIN):

5700434869

Date of Registration:

16 Dec 2002

Registered Office:

Quang Ninh Province Department of Planning and Investment

Ticker:

QTP

Address:

Group 33, Zone 5, Ha Khanh Ward, Ha Long City, Quang Ninh Province, Vietnam

Phone:

84-203 / 3657539

Financial Statement:

2020, 2021, 2022, 2023, 2024

QUANG NINH THERMAL POWER JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NHIỆT ĐIỆN QUẢNG NINH), registered under Business ID 5700434869, is a publicly traded enterprise specializing in electric power generation. Established on December 16, 2002, the company operates one of Vietnam’s largest coal-fired power plants, supplying electricity to the national grid.

Located in Ha Long City, Quang Ninh Province, the company manages and operates Quang Ninh Thermal Power Plant, which consists of four units with a total capacity of 1,200 MW. As Vietnam remains dependent on coal for energy production, QUANG NINH THERMAL POWER JOINT STOCK COMPANY plays a crucial role in ensuring national energy security.

For more details, visit the company’s website: http://www.quangninhtpc.com.vn/.

Vietnam’s Power Industry and the Role of QUANG NINH THERMAL POWER

Vietnam’s electricity sector is dominated by state-controlled corporations such as Vietnam Electricity (EVN) and Power Generation Corporation 1 (EVNGENCO1). As the country’s economy grows, the demand for electricity continues to rise, placing increased pressure on the thermal and renewable energy sectors.

Like Quang Ninh Thermal Power Plant, coal-fired power plants provide a stable energy supply, making them essential in Vietnam’s energy transition strategy. While the government is shifting towards renewable energy sources, coal remains a critical component of Vietnam’s power generation mix due to reliability and cost-efficiency.

The company’s key business activities include:

Electric power generation and distribution
Maintenance and operation of coal-fired power plants
Wholesale of construction materials
Manufacturing cement, lime, and concrete products
Trading land use rights and industrial properties

Corporate Leadership and Workforce

The company is led by experienced professionals:

Chairman: Mr. Nguyen Tuan Anh
General Director: Mr. Nguyen Viet Dung
Deputy General Director: Mr. Le Viet Cuong

With 800 employees, the company ensures continuous plant operations, maintenance, and efficiency improvements.

Financial Performance and Market Position

QUANG NINH THERMAL POWER JOINT STOCK COMPANY is listed on Upcom under the stock symbol QTP. In 2023, the company achieved:

Total Sales: USD 495.39 million (15.75% YoY growth)
Total Assets: USD 303.19 million (-8.33% YoY decline)
Profit: USD 25.14 million (-19.92% YoY decline)

The company faces challenges related to fluctuating coal prices, environmental regulations, and competition from renewable energy sources. However, its stable shareholder structure and government backing ensure long-term sustainability.

For detailed financial analysis, investment insights, and risk assessment, consider purchasing Vanguard Business Information LLC’s (VBI) Comprehensive Credit Report.

Ownership and Shareholder Structure

As of September 6, 2024, the company’s ownership structure includes:

Power Generation Corporation 1 (EVNGENCO1) – 42%
Pha Lai Thermal Power JSC – 16.35%
State Capital Investment Corporation (SCIC) – 11.42%
Vinacomin - Power Holding Corporation – 10.62%
Other shareholders – 19.61%

This state-backed ownership ensures financial stability and long-term operational security.

As part of Vietnam’s coal-fired power sector, QUANG NINH THERMAL POWER JOINT STOCK COMPANY remains an essential contributor to national energy security. While facing environmental and regulatory challenges, the company continues to supply reliable electricity to support economic growth.

For in-depth financial analysis and investment insights, purchase a VBI Comprehensive Credit Report today!

Legal Profile

English Name:

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN NHIỆT ĐIỆN QUẢNG NINH

Short Name:

QNTPJSC

Business ID (TIN):

5700434869

Date of Registration:

16 Dec 2002

Registered Office:

Quang Ninh Province Department of Planning and Investment

Ticker:

QTP

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.A

+ NGUYEN V.D

+ LE V.C

+ TRAN V.L

Address:

Group 33, Zone 5, Ha Khanh Ward, Ha Long City, Quang Ninh Province, Vietnam

Phone:

84-203 / 3657539

Business Sector

Key business lines:

VSIC:

3511 Electric power generation

NAICS:

22111 Electric Power Generation

Industry Sales Growth

CAGR (2019 - 2023)

-35.63%

YoY (2023)

-44.16%

Companies by industry

Company distribution and propportions

5,029

0.1730%

Key Industry Players

Top 10 companies in electric power generation industry

petrovietnam power corporation quang ninh thermal power joint stock company vinacomin - power holding corporation power generation joint stock corporation 3 aes mong duong power company limited nghi son 2 power limited liability company power generation corporation 1 vinh tan 1 power company limited jaks hai duong power company limited janakuasa vietnam limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-82.53%
Owner’s Equity	-89.79%
Working Capital	-38.77%
Net Worth	85.26%
Sales	54.23%
Operating income	14.45%
EBIT	-68.97%
Gross Profit Margin	-15.03%
Debt to EBITDA	32.08%

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About QUANG NINH THERMAL POWER JOINT STOCK COMPANY

When did QUANG NINH THERMAL POWER JSC start operating?

QUANG NINH THERMAL POWER JSC was started in 16 Dec 2002

What industry does QUANG NINH THERMAL POWER JSC operate in?

QUANG NINH THERMAL POWER JSC is operating in "Electric power generation" industry

How can I contact QUANG NINH THERMAL POWER JSC?

QUANG NINH THERMAL POWER JSC phone numbers is 84-203 / 3657539

What adverse news is there about QUANG NINH THERMAL POWER JSC?

QUANG NINH THERMAL POWER JSC’s has 4 bad news

What is stock symbol of QUANG NINH THERMAL POWER JSC?

QUANG NINH THERMAL POWER JSC’s stock symbol is QTP

Where is the location of QUANG NINH THERMAL POWER JSC?

QUANG NINH THERMAL POWER JSC is located at Group 33, Zone 5, Ha Khanh Ward, Ha Long City, Quang Ninh Province, Vietnam

What is QUANG NINH THERMAL POWER JSC’s business registration?

QUANG NINH THERMAL POWER JSC business registration is 5700434869

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QUANG NINH THERMAL POWER JOINT STOCK COMPANY

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Vietnam’s Power Industry and the Role of QUANG NINH THERMAL POWER

Corporate Leadership and Workforce

Financial Performance and Market Position

Ownership and Shareholder Structure

Company Profile Report

Company Standard Report

Comprehensive Report

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QUANG NINH THERMAL POWER JOINT STOCK COMPANY

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

QUANG NINH THERMAL POWER JOINT STOCK COMPANY

Vietnam’s Power Industry and the Role of QUANG NINH THERMAL POWER

Corporate Leadership and Workforce

Financial Performance and Market Position

Ownership and Shareholder Structure

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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