Lilama 69-2 JSC
UUPCOM:L621,600.00
VND
-200.00
(-11.11%)
ISIN
VN000000L623
Return %
Stock
S&P 500
1Y
-40.74
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Nguyen Trung Hieu
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Haiphong Vietnam
- IPO Date
- Jun 5, 2024
- Website
- lilama69-2.com.vn
- Similar Companies
- Business
- Lilama 69-2 Joint Stock Company is a Vietnam-based industrial engineering and construction contractor primarily engaged in mechanical manufacturing, technological equipment installation, and structural fabrication. The company operates through three principal business segments: Equipment Manufacturing and Metal Fabrication, Installation and Construction Services, and Technical and Maintenance Services. Its core product and service portfolio comprises the manufacturing and fabrication of heavy and non-standard industrial equipment, structural steel frameworks, industrial tanks, gas containers, pressure vessels, boiler components, and electrostatic precipitator systems; the assembly, erection, and installation of complex technological production lines, industrial machinery, mechanical piping networks, bridge cranes, conveyor belt systems, and industrial dust filtration units; general construction and civil engineering for industrial warehouses, pre-engineered steel buildings, and manufacturing plants; technical inspection and non-destructive testing of welds using ultrasonic, radiographic, and magnetic particle methods; surface treatment and anti-corrosion coating applications for steel structures; testing, calibration, and commissioning of electrical, thermal, and automated control systems; logistics management, transportation, and hoisting of super-sized and super-heavy industrial machinery; industrial plant maintenance, overhaul, and repair services; and the wholesale trade of industrial metals, metal ores, and construction equipment leasing. The company primarily serves clients across heavy industrial sectors, including thermal power generation, cement production, chemical processing, fertilizer manufacturing, and oil and gas refining. Geographically, Lilama 69-2 focuses on the domestic Vietnamese market while maintaining the technical capacity to participate in cross-border mechanical assembly projects across Southeast Asia. Founded in 1960 as Erection and Construction Company 69-2 under the Vietnam Machinery Erection Corporation (Lilama) within the Ministry of Construction, the enterprise was equitized in 2004 and transitioned to a privately held joint stock structure following Lilama Corporation's complete capital divestment in 2018. The company is headquartered in Hai Phong, Vietnam, and trades on the UPCoM exchange under the ticker symbol L62. In recent developments, Lilama 69-2 Joint Stock Company has undergone extensive financial restructuring and operational adjustments to mitigate prolonged balance-sheet pressures and negative equity, which resulted in trading restrictions on its shares on the UPCoM board. The company has focused on resolving municipal tax enforcement actions and restructuring liabilities with creditors while rationalizing its workforce and operational assets. Strategically, the enterprise has shifted its commercial focus toward high-margin specialized mechanical maintenance, localized industrial equipment repairs, and targeted fabrication subcontracts in Northern Vietnam to stabilize cash flows, recover working capital, and restore operational viability.