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BUMJIN ELECTRONICS VINA CO.,LTD

Active

Business ID 5702017740

84-203 / 3684 666 / 3565 000

BUMJIN ELECTRONICS VINA CO.,LTD

Active

Business ID 5702017740

84-203 / 3684 666 / 3565 000

BUMJIN ELECTRONICS VINA CO.,LTD

Active

Summary

Name:

BUMJIN ELECTRONICS VINA CO.,LTD

Business ID (TIN):

5702017740

Date of Registration:

21 Oct 2019

Registered Office:

Quang Ninh Province Department of Planning and Investment

Address:

Lot CN-04, Dong Mai Industrial Park, Dong Mai Ward, Quang Yen Town, Quang Ninh Province, Vietnam

Phone:

84-203 / 3684 666 / 3565 000

Financial Statement:

2020, 2021, 2022, 2023, 2024

BUMJIN ELECTRONICS VINA CO., LTD (CÔNG TY TNHH BUMJIN ELECTRONICS VINA) is a 100% South Korean-invested enterprise operating in Vietnam's consumer electronics manufacturing sector. Officially registered on October 21, 2019, the company is located at Lot CN-04, Dong Mai Industrial Park, Dong Mai Ward, Quang Yen Town, Quang Ninh Province, Vietnam, with Business ID and Tax Code: 5702017740. It is a one-member limited liability company under the full ownership of BUMJIN ELECTRONICS CO., LTD, headquartered in Suwon, South Korea.

Led by Director Mr. Park Hyungjun, a South Korean national, the company employs around 1,000 workers and focuses on the manufacture of AV recorders, sound bar systems, and other consumer electronic components. Registered business activities also include wholesale of electronics and telecommunications equipment, communication device manufacturing, and general business support services.

From a financial risk management perspective, BUMJIN ELECTRONICS VINA shows a mixed profile—rapid growth and rising revenue on one hand, but deep structural imbalances on the other.

In 2023, the company generated USD 222.82 million in revenue, representing an impressive 47.92% year-over-year increase. Even more notable is its net profit of USD 11.77 million, a sharp turnaround from previous losses and a 248.71% increase from 2022. This signals a significant operational improvement, likely due to better margin control or increased demand from major electronics clients.

However, the balance sheet tells a different story. Despite profitability, the company continues to post negative equity of USD -1.24 million and negative net worth of USD -1.41 million, though both improved substantially compared to prior years. Additionally, working capital remains deeply negative at USD -27.44 million, which may indicate a reliance on short-term liabilities to fund operations—a major red flag for creditors and suppliers.

While the top-line growth and return to profitability are commendable, the ongoing negative equity and liquidity gap suggest that BUMJIN ELECTRONICS VINA is operating on thin financial margins and may be vulnerable to external shocks or operational disruptions.

Stakeholders—especially lenders, suppliers offering credit terms, or potential partners—should view this company as financially volatile despite its recent profit. A deeper due diligence process is essential.

To mitigate risk, partners are strongly encouraged to obtain a full business verification report from VANGUARD BUSINESS INFORMATION LLC (VBI). VBI provides detailed insights into legal status, financial health, litigation risks, and shareholder transparency across over 600,000 companies in Vietnam. Access the company’s report at www.vnbis.com or request a custom credit evaluation tailored to your transaction needs.

Legal Profile

English Name:

BUMJIN ELECTRONICS VINA CO.,LTD

Vietnamese Name:

CÔNG TY TNHH BUMJIN ELECTRONICS VINA

Short Name:

BUMJIN ELECTRONICS VINA

Business ID (TIN):

5702017740

Date of Registration:

21 Oct 2019

Registered Office:

Quang Ninh Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

PARK H

Address:

Lot CN-04, Dong Mai Industrial Park, Dong Mai Ward, Quang Yen Town, Quang Ninh Province, Vietnam

Phone:

84-203 / 3684 666 / 3565 000

Business Sector

Key business lines:

VSIC:

2640 Manufacture of consumer electronics

NACE:

26.40 Manufacture of consumer electronics

NAICS:

3343 Audio and Video Equipment Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

10.58%

YoY (2023)

15.71%

Companies by industry

Company distribution and propportions

755

0.0260%

Key Industry Players

Top 10 companies in manufacture of consumer electronics industry

anam electronics viet nam co., ltd lg electronics vietnam hai phong co., ltd samsung electronics hcmc ce complex co., ltd tcl smart device (viet nam) company limited amtran vietnam technology company limited goertek technology vina company limited bumjin electronics vina co.,ltd competition team technology (vietnam) company limited tonly electronics technology viet nam co.,ltd pegatron vietnam company limited

Payment History

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Financial Performance

Assets	43.82%
Owner’s Equity	-44.12%
Working Capital	-28.81%
Net Worth	83.35%
Sales	88.71%
Operating income	14.00%
EBIT	-54.15%
Gross Profit Margin	78.62%
Debt to EBITDA	60.16%

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EBT

EBITDA

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Profit and Loss Statement

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Negative Payment Records

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Litigation Records; Negative News

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Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About BUMJIN ELECTRONICS VINA CO.,LTD

When did BUMJIN ELECTRONICS VINA CO.,LTD start operating?

BUMJIN ELECTRONICS VINA CO.,LTD was started in 21 Oct 2019

What industry does BUMJIN ELECTRONICS VINA CO.,LTD operate in?

BUMJIN ELECTRONICS VINA CO.,LTD is operating in "Manufacture of consumer electronics" industry

How can I contact BUMJIN ELECTRONICS VINA CO.,LTD?

BUMJIN ELECTRONICS VINA CO.,LTD phone numbers is 84-203 / 3684 666 / 3565 000

What adverse news is there about BUMJIN ELECTRONICS VINA CO.,LTD?

BUMJIN ELECTRONICS VINA CO.,LTD’s has no negative news

What is stock symbol of BUMJIN ELECTRONICS VINA CO.,LTD?

BUMJIN ELECTRONICS VINA CO.,LTD is not listed company

Where is the location of BUMJIN ELECTRONICS VINA CO.,LTD?

BUMJIN ELECTRONICS VINA CO.,LTD is located at Lot CN-04, Dong Mai Industrial Park, Dong Mai Ward, Quang Yen Town, Quang Ninh Province, Vietnam

What is BUMJIN ELECTRONICS VINA CO.,LTD’s business registration?

BUMJIN ELECTRONICS VINA CO.,LTD business registration is 5702017740

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