(ĐTCK) – At its 2025 Annual General Meeting, Searefico JSC (SRF) officially approved all submitted proposals, including a standout business plan projecting more than 40% profit growth for the parent company compared to 2024.
At the AGM, Searefico’s leadership shared that the company had received multiple positive signals in early 2025. Notably, in terms of exports, Greenpan’s panel products were granted FM Approval for fire resistance in the U.S. and have been highly rated by Nikkie Panel—a leading Japanese panel manufacturer, which has chosen to use Greenpan’s products in a series of overseas projects.
Photo of Chairman of the Board of Directors at SRF, Mr. Le Tan Phuoc
Mr. Le Tan Phuoc, Chairman of the Board of Directors at SRF, stated that this is an extremely stringent standard, and once met, Greenpan’s products can be exported to virtually any market worldwide. Through introductions by Japanese partners such as Taisei Oncho, Sanyo E&C, and more recently Hoshizaki, which owns an extensive sales network across Asia, Greenpan and Arico products have already penetrated several potential markets, including the Philippines, India, Malaysia, and various island nations in the Oceania region. The company is also exploring opportunities in the Chinese market.
In pursuit of new opportunities for Arico–Searefico’s subsidiary specializing in industrial refrigeration equipment, Searefico has entered into a strategic partnership with Hoshizaki Group, Japan’s leading manufacturer of commercial refrigeration and one of the world’s top multinational corporations in the industry, with nearly 80 years of experience.
Following the partnership between SRF and Hoshizaki, Arico will become the first facility in Southeast Asia capable of producing commercial refrigeration equipment under the Hoshizaki brand. Arico’s export ratio is expected to reach approximately 80–90%.
At the AGM, the Company’s management also shared that accounts receivable in Q1/2025 decreased by over 31%, thanks to successful debt collection efforts, which will be reflected in the H1/2025 financial report. SRF reaffirmed its commitment to resolving all outstanding auditor qualifications.
For 2025, SRF targets VND 2,200 billion in revenue, doubling last year’s figure, and a consolidated post-tax profit of VND 39 billion – the highest level since 2020. The company also plans a 10% dividend payout.
Contract value is projected to reach VND 2,700 billion. This plan is grounded in a robust backlog of over VND 3,000 billion as of the end of Q1/2025.
Photo of CEO Mr. Nguyen Khoa Dang
Mr. Khoa Dang noted that a key highlight lies in the fact that all recently signed contracts are with investors who possess strong financial and legal foundations, and who comply fully with legal regulations. Currently, the company is pursuing additional bidding opportunities worth up to VND 2,000 billion. The 2025 business plan is considered relatively conservative, as revenue projections are based on recognizing only around 60% of each project’s total value. Therefore, the plan is assessed to be highly achievable.
In the industrial real estate and logistics segment, Searee is investing in the construction of the Searee Industrial Building (SIB) – a complex designed to meet LEED and FM standards, serving the company’s long-term logistics expansion strategy. The SIB project received construction approval on April 18, 2025, and is expected to be inaugurated in Q1/2026.
The General Meeting of Shareholders also proceeded with the dismissal and replacement of a Board member. As a result, Mr. Tadashi Kono – currently Executive Officer of the Management Planning Division at Sanyo Engineering & Construction – was successfully elected to the Board of Directors.
Source: Đầu Tư Chứng Khoán
