On the morning of April 8, GELEX Electric (HoSE: GEE) successfully held its 2026 Annual General Meeting of Shareholders, approving key strategic directions with a focus on developing globally competitive products and strengthening the foundation for long-term growth.

GELEX Electric’s AGM was held online with electronic voting.

Globally competitive product strategy

At the meeting, CEO Nguyen Trong Trung shared that in 2025, GELEX Electric maintained strong growth thanks to consistent strategic direction and agile management, successfully exceeding all key targets.

Consolidated net revenue reached VND 25,463 billion, up more than 20% year-on-year and completing 107% of the plan, while profit before tax rose to VND 4,262 billion, nearly doubling compared to the previous year and exceeding the plan by 21.7%. Based on this, the company paid a 55% cash dividend for 2025.

However, leadership acknowledged that growth headroom from traditional product lines is gradually narrowing, while digital technologies, particularly AI, are fundamentally reshaping industries. The challenge is no longer about short-term cyclical growth, but about building sustainable drivers for the next 5-10 years.

Speaking at the AGM, Chairman Le Ba Tho emphasized: “Enhancing product quality is our core focus. We are investing in R&D, technology, and production lines to ensure our products meet international standards and certifications, in response to increasingly stringent requirements for safety, durability, performance, and environmental criteria. Our goal is for Vietnamese consumers to access electrical products with quality equivalent to international standards, thereby strengthening our domestic brand position and gradually expanding into global markets”.

By 2030, the strategy will revolve around three pillars:

Product strategy: Developing new product lines based on in-house R&D, aligned with international standards and certifications.

Governance strategy: Adopting advanced management models, accelerating digital transformation, and integrating AI into decision-making.

People & culture strategy: Building a culture of innovation and developing a workforce with strong technological capabilities and innovative thinking.

R&D talent as a key driver for long-term growth

2026 is identified as the starting point of a deeper development phase, where R&D activities will be accelerated in a more substantive way and long-term investments begin to play a foundational role.

The 2026 business plan targets consolidated net revenue of VND 27,242 billion (up approximately 7%) and profit before tax of VND 2,705 billion, adjusted downward due to the absence of extraordinary income from divestments and restructuring, while maintaining a 30% cash dividend.

Leadership identifies R&D personnel as a critical factor in its long-term strategy. GELEX Electric has established its R&D center and is actively attracting experienced experts from major corporations, reflecting the growing appeal of its research and development model.

One of the company’s notable advantages lies in its integrated manufacturing ecosystem, forming a continuous loop from research and prototyping to production and commercialization. This structure enables shorter product development cycles, early-stage cost optimization, and stronger competitiveness over time.

GELEX Electric’s overarching goal is for Vietnamese consumers to use electrical products with quality equivalent to international standards

Looking ahead, AI, digital transformation, and data centers are key trends that the company is actively tracking and preparing for through a structured implementation roadmap. GELEX Electric is upgrading its governance model and gradually integrating AI into operations and decision-making to improve efficiency.

Beyond an investment perspective, the company is also proactively preparing a portfolio of electrical equipment and infrastructure solutions to meet market demand in the 2026–2030 period. These include smart monitoring products, solutions for data center infrastructure, residential electrical equipment, protection and switching devices, smart grid products, and smart EV charging infrastructure.

Strategic technologies and products are selected based on market forecasts, core capabilities, and commercialization potential, with a cautious roadmap to ensure both effectiveness and sustainability.

The AGM also approved a plan to issue shares from equity at a ratio of 75%. If completed, the company’s charter capital is expected to increase from approximately VND 3,660 billion to over VND 6,404 billion, strengthening its financial capacity for long-term investment plans.

Alongside its business strategy, GELEX Electric will place strong emphasis in 2026 on building a unified corporate culture across the entire system, which is considered a soft foundation for its transformation.

With strong consensus, all reports and proposals were approved at the AGM, creating a solid premise for GELEX Electric to enter a new growth cycle on a stronger and more sustainable foundation.

PR DEPARTMENT