Mineral-rich Bac Kan has just approved an investment decision of VND 144 billion to contribute capital to establish a 99.99% Zinc-Lead Joint Stock Company, located in Thanh Thinh industrial cluster, Cho Moi district, Bac Kan province. The new company will have a charter capital of VND 180 billion, of which BKC holds 80% and becomes the parent company. Mr. Dinh Van Hien – General Director and Member of the Board of Directors of BKC – was appointed to manage the contributed capital.
This move comes as BKC is restructuring its operations. On May 29, the Board of Directors of the Company decided to terminate the operation of 2 branches: Nà Bop – Pu Sap Mineral Exploitation Enterprise and Na Duong Mine Enterprise, both located in Bang Lang commune, Cho Moi district. The termination took effect from June 01, aiming to reorganize the company’s structure.
According to BKC, all debts of the two branches will be paid by the Company. Labor at the two enterprises is transferred to the units directly under the Company, and all assets, machinery, and equipment are handed over to Cho Don Mineral Exploitation Enterprise to take over. After this adjustment, the number of branches and enterprises directly under BKC decreased from 6 to 4.
Stock price has continuously hit the ceiling price since the beginning of the year
On the stock exchange, BKC stock price suddenly hit the ceiling price of VND 43,800/cp in the session on June 05, with a matching volume of more than 140,000 shares. Previously, this stock had broken out from the price range of VND 14,000/cp at the end of January 2025 to a historical peak of over VND 93,000/cp at the end of February, an increase of nearly 550% within just 1 month. Notably, the stock had a chain of 18 consecutive gaining sessions, including 17 ceiling price sessions, including 14 consecutive ceiling price sessions. However, after that, the code has continuously adjusted and is currently down 53% from the peak, but still up more than 560% over the year. However, the average liquidity is quite low at only about 24,000 shares/session.
 Movement of BKC stock price on the stock exchange – Source: VietstockFinance
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The strong increase of BKC and some other mineral stocks took place in the context of escalating US-China trade tensions. Since February, the US has imposed a 10% tax on all imports from China, while China has responded with a 15% tax on coal, LNG, and tightened exports of strategic minerals. In the face of stock price fluctuations, BKC has twice explained that the main reason is positive business results in Q4/2024.
In particular, in Q4/2024, BKC‘s net revenue increased by 32% and net profit surged by 1,528% over the same period last year. The company explained that the positive results were due to the stable increase in the consumption of zinc ore, while affirming that the stock price reflects market supply and demand, and there are no abnormal internal factors. In 2024, BKC set a record with revenue of VND 567 billion and net profit of VND 52 billion – the highest since its listing in 2009.
| BKC’s annual business results since its listing on the stock exchange |
In Q1/2025, although revenue decreased sharply by 62% to nearly VND 23.4 billion due to lower sales volume compared to the same period last year, net profit still increased by 33% to nearly VND 2 billion. The main reason is the use of the wage reserve fund established in the previous year, which helped reduce production and management costs. At the same time, financial revenue increased and financial expenses decreased thanks to favorable exchange rates and lower short-term loans.
Preparing to issue bonus shares for the first time in 14 years
BKC will hold its 2025 Annual General Meeting of Shareholders on the morning of June 18 in Bac Kan. One of the important contents is the plan to issue bonus shares at a ratio of 100%, equivalent to issuing an additional 11.7 million shares to double the charter capital to nearly VND 235 billion. This is the first time the Company has issued bonus shares, marking a “comeback” after 14 years of not paying dividends – the last time was in 2010 when the Company paid dividends in cash at a rate of 15%.
In addition, the meeting will also approve the resignation of Mr. Mai Thanh Son – Member of the Board of Directors, and elect one more member of the Board of Directors for the term 2021-2026.
In 2025, BKC targets a total revenue of nearly VND 574 billion, up 2% compared to the record level in 2024. Net profit is expected to reach a new peak of over VND 63 billion, up 22%. However, after the first quarter, the Company has only achieved 4% of the revenue target and 3% of the profit plan for the year.
– 09:38 06/06/2025
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