AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY

AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY, legally registered under Tax Code 4601261726, is a privately held joint-stock company headquartered at An Khanh Industrial Cluster No. 1, An Khanh Commune, Dai Tu District, Thai Nguyen Province, Vietnam. The company, active since November 2, 2015, operates under the oversight of the Thai Nguyen Province Department of Planning and Investment, with a charter capital and paid-up capital amounting to USD 8.2 million.

The company’s core business focuses on specialized construction activities, including construction and installation of water supply systems, electrical and architectural installation services, and site preparation. Additional operations include the wholesale of construction materials and fuels, freight transport, and even mining activities such as hard coal, lignite, and iron ore extraction.

Key personnel leading the company include Nguyen V. Th., who serves as Chairman and owns a 51% shareholding, and Nguyen L. M., the General Director, holding 8%. Another significant shareholder is Ngo Q. H., with 36% ownership. The company currently employs approximately 50 staff members.

Financially, AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY experienced dramatic shifts in recent years. As of December 31, 2023, the company recorded total assets of USD 45.41 million, representing a 7.4% increase from the previous year. Despite this asset growth, equity declined to USD 6.54 million, representing a 14.85% drop year-over-year. Most notably, the company generated USD 168.02 million in sales revenue in 2023—an impressive 84.91% surge compared to the previous year. However, profitability plummeted, with a net loss of USD 1.14 million, a significant increase from the USD 446,895 loss in 2022, reflecting a 155.32% year-over-year deterioration.

This financial paradox—substantial revenue growth coupled with escalating losses—suggests underlying issues in cost management or project execution. With working capital of USD 6.25 million, the company maintains a degree of liquidity; however, its sustained losses raise concerns for stakeholders and potential partners.

From a business risk and due diligence perspective, AN KHANH CONSTRUCTION MATERIAL JOINT STOCK COMPANY presents a mixed profile. Its rapid revenue expansion signals strong market demand or project volume, while recurring losses and declining equity indicate financial stress. For investors, clients, or vendors, a thorough business verification and risk management review is recommended before entering into deeper cooperation.

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