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CHINFON CEMENT CORPORATION

Active

Business ID 0200110200

842***481

CHINFON CEMENT CORPORATION

Active

Business ID 0200110200

842***481

CHINFON CEMENT CORPORATION

Active

Summary

Name:

CHINFON CEMENT CORPORATION

Business ID (TIN):

0200110200

Date of Registration:

23 Jul 2008

Registered Office:

Hai Phong City Department of Finance

Address:

No. 288, Bach Dang Street, Hai Phong City, Vietnam

Phone:

842***481

Financial Statement:

2020, 2021, 2022, 2023, 2024

CHINFON CEMENT CORPORATION (Vietnamese name: CÔNG TY XI MĂNG CHINFON, abbreviated as CFC) is a foreign-invested limited liability company with over 16 years of operation in Vietnam. Established on July 23, 2008, and headquartered at No. 288, Bach Dang Street, Minh Duc Ward, Thuy Nguyen City, Hai Phong City, Vietnam, the company is registered under tax code 0200110200 and currently operates multiple branches in Hanoi, Ho Chi Minh City, and Da Nang.

CFC is a leading manufacturer of cement and clinker products in Vietnam, supported by a diverse ownership structure. The majority stakeholder is CHINFON VIETNAM HOLDING COMPANY LIMITED (70%) based in the British Virgin Islands, followed by the People’s Committee of Hai Phong City (15.56%) and Vietnam National Cement Corporation (14.44%). With this structure, CFC benefits from both international investment expertise and local government support, positioning it as a strategic industrial asset in the country’s northern economic zone.

The company is managed by Mr. Lo L. T., a Taiwanese national who serves as General Director. Mr. Nguyen T. A. and Mr. Vu H. K., both Vietnamese Deputy General Directors support him. CFC employs over 1,050 workers and operates a production line that serves both domestic and international markets.

In terms of financial performance, CFC reported total assets of USD 177.4 million at the end of 2023, representing a slight 0.3% year-over-year decrease. Total revenue increased modestly to USD 161.3 million (up 2.23%), but net profit fell significantly to USD 1.41 million—a sharp decline of 38.34% from the previous year. This marks a continuation of a downward trend in profitability since 2021, suggesting rising cost pressures or weakening market margins in the cement sector.

A notable area of concern is the company’s negative working capital of USD -25.65 million. This figure suggests short-term liabilities exceed current assets, raising questions about CFC’s liquidity and its ability to meet immediate obligations without relying on external financing. While the company retains a substantial equity base of USD 68.18 million and a net worth of USD 55.93 million, the short-term liquidity gap highlights credit risks that cannot be overlooked.

From a credit risk management perspective, VANGUARD BUSINESS INFORMATION LLC (VBI) recommends a cautious but not prohibitive risk rating. While CHINFON CEMENT CORPORATION holds a strong asset base and operates within a critical infrastructure sector, the deteriorating profitability and tight liquidity metrics pose potential stress for suppliers, lenders, and service providers. Partners are encouraged to utilize VBI’s services, such as debt monitoring, payment history tracking, and financial benchmarking , to gain a clearer view of the company’s cash flow trends and risk signals.

In conclusion, CHINFON CEMENT CORPORATION remains a major industrial player with credible ownership and market presence, but its current financial profile reveals increasing pressure on profitability and liquidity. Risk mitigation through tighter credit terms and enhanced due diligence—backed by tools from VBI—is advised for all prospective and current business partners.

Legal Profile

English Name:

CHINFON CEMENT CORPORATION

Vietnamese Name:

CÔNG TY XI MĂNG CHINFON

Short Name:

CFC

Business ID (TIN):

0200110200

Date of Registration:

23 Jul 2008

Registered Office:

Hai Phong City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ LO L.-.T

+ NGUYEN T.A

+ VU H.K

Address:

No. 288, Bach Dang Street, Hai Phong City, Vietnam

Phone:

842***481

Branch:

30th Floor, Handico Building, Pham Hung Street, Ha Noi City, Vietnam

Branch:

Lot A7, Hiep Phuoc Industrial Park, Ho Chi Minh City, Vietnam

Branch:

No. 62, Tran Duc Thao Street, Da Nang City, Vietnam

Business Sector

Key business lines:

VSIC:

2394 Manufacture of cement, lime and plaster

NACE:

23.5 Manufacture of cement, lime and plaster

Industry Sales Growth

CAGR (2019 - 2023)

-5.33%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

679

0.0234%

Key Industry Players

Top 10 companies in manufacture of cement, lime and plaster industry

chinfon cement corporation nghi son cement corporation siam city cement (vietnam) limited vicem ha tien cement joint stock company vicem hoang thach cement company limited vissai ninh bình joint stock company long son company limited song lam cement joint stock company xuan thanh cement joint stock company thanh thang group cement joint stock company

Payment History

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Financial Performance

Assets	81.32%
Owner’s Equity	4.70%
Working Capital	-57.58%
Net Worth	-11.83%
Sales	39.71%
Operating income	-23.48%
EBIT	-43.20%
Gross Profit Margin	13.92%
Debt to EBITDA	-92.34%

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Specific Questions About CHINFON CEMENT CORPORATION

When did CHINFON CEMENT CORPORATION start operating?

CHINFON CEMENT CORPORATION was started in 23 Jul 2008

What industry does CHINFON CEMENT CORPORATION operate in?

CHINFON CEMENT CORPORATION is operating in "Manufacture of cement, lime and plaster" industry

How can I contact CHINFON CEMENT CORPORATION?

CHINFON CEMENT CORPORATION phone numbers is 842***481

What adverse news is there about CHINFON CEMENT CORPORATION?

CHINFON CEMENT CORPORATION’s has no negative news

What is stock symbol of CHINFON CEMENT CORPORATION?

CHINFON CEMENT CORPORATION is not listed company

Where is the location of CHINFON CEMENT CORPORATION?

CHINFON CEMENT CORPORATION is located at No. 288, Bach Dang Street, Hai Phong City, Vietnam

What is CHINFON CEMENT CORPORATION’s business registration?

CHINFON CEMENT CORPORATION business registration is 0200110200

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