AN KHANH ELECTRICITY JOINT STOCK COMPANY (Công Ty Cổ Phần Nhiệt Điện An Khánh) is a privately held joint stock company established on November 27, 2007, with legal registration under Business ID 4600421021 in Thai Nguyen Province. Headquartered in Group 22, Quang Trung Ward, Thai Nguyen City, the company operates in the field of electric power generation, alongside diverse activities in mining, civil construction, engineering consultancy, and machinery trading.

The company is chaired and managed by Nguyen V. T., who also holds a controlling 65% ownership stake. Deputy General Director Nguyen L. M. owns a 5.33% share. With 320 employees and over 17 years in operation, AN KHANH ELECTRICITY has maintained a notable presence in northern Vietnam's energy infrastructure.

From a financial performance perspective, 2023 was a mixed year. While sales surged to USD 168.42 million, representing a robust 55.78% increase over 2022, the company still reported a net loss of USD 3.95 million. This continues a trend of negative earnings, albeit with signs of improvement compared to the prior year’s USD 13.4 million loss. Notably, the company has not recorded a profit since at least 2021, when losses were over USD 20 million.

More concerning is the deterioration in capital strength. Owner’s equity declined further to USD 16.95 million in 2023, down nearly 19% year-on-year, and over 43% compared to 2021. Working capital was deeply negative at USD -81.06 million, signaling potential liquidity stress or over-leveraging. Although asset value stood at USD 152.95 million, down 5.6% from the previous year, the company’s debt load remains a point of risk.

Given the energy sector’s capital-intensive nature, these figures raise concern. Profitability is recovering, but the erosion of equity and persistent losses call for caution. Stakeholders considering collaboration or investment should not overlook the risks tied to ongoing losses and weakened financial buffers.

For institutions evaluating this company as a partner or client, it is strongly advised to engage Vanguard Business Information LLC (VBI) for comprehensive Business Verification Services, including a Vietnam Litigation Report, detailed shareholder analysis, and operational risk profiling. These services provide deeper insights into credit reliability, legal exposure, and contract compliance—essential for navigating the financial complexities of AN KHANH ELECTRICITY JOINT STOCK COMPANY.