ALMUS TECH COMPANY LIMITED

ALMUS TECH COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH ALMUS TECH) is a foreign direct investment (FDI) enterprise established on January 14, 2014, and registered under Business ID and Tax Identification Number 2300816956 with the Bac Ninh Province Department of Planning and Investment. The company is legally structured as a one-member limited liability company and is fully owned by ALMUS CORP of South Korea. Its head office is located at Lot G3, Que Vo Industrial Park (expansion area), Nam Son Ward, Bac Ninh City, Vietnam.

Led by Mr. Kim K. H., a South Korean national, ALMUS TECH employs approximately 3,000 workers and is primarily engaged in the manufacture of electronic components and boards. The company specializes in the production and assembly of smartwatches, earphones, mobile phone batteries, Bluetooth headset components, and related accessories—serving as a key supplier within the consumer electronics supply chain.

Financially, ALMUS TECH has maintained consistent growth and operational stability. For the fiscal year ending December 31, 2023, total sales rose to USD 141.48 million, up 25.11% year-over-year. Net profit reached USD 12.99 million, an increase of 25.13% from 2022. These figures confirm not only solid top-line growth but also effective cost control and operational efficiency. Over a three-year period, sales and profits have grown steadily, marking ALMUS TECH as a dependable performer within Vietnam’s electronics sector.

Total assets increased to USD 43.66 million in 2023—an 8.54% rise from the previous year—while working capital remained healthy at USD 12.25 million. However, owner’s equity slightly declined by 3.05% to USD 31.03 million, potentially due to dividend payouts, internal restructuring, or currency adjustments. Nonetheless, the equity base remains robust and closely aligned with net worth, suggesting that the company is adequately capitalized.

The company’s registered business lines include electronics manufacturing, machining, metal coating, technical consulting, testing, and even watchmaking and repairs—illustrating its technical capabilities and diversified expertise. Its role in high-tech assembly and OEM support for global tech brands likely positions it well within Vietnam’s growing electronics export ecosystem.

That said, ALMUS TECH operates in a highly competitive, margin-sensitive sector. As a contract manufacturer, its fortunes are closely tied to the demand cycles of global electronics brands. Compared to its revenue and asset size, the relatively modest charter capital (USD 3.46 million) also suggests the company’s financial leverage and operational scale depend heavily on retained earnings and possibly short-term liabilities.

In summary, ALMUS TECH COMPANY LIMITED is a well-established, professionally managed, and export-oriented electronics manufacturer. The firm has demonstrated a strong track record of revenue and profit growth with a healthy financial structure. However, prospective partners or investors should remain mindful of external market dependencies and the cyclical nature of the electronics industry.

VANGUARD BUSINESS INFORMATION LLC (VBI) recommends ALMUS TECH for further engagement consideration, especially for clients in need of a reliable electronics manufacturing partner in Vietnam. For more detailed business verification services, creditworthiness analysis, and Vietnam private financial data, VBI stands ready to provide in-depth due diligence and risk management service.