CITY AUTO CORPORATION

CITY AUTO CORPORATION (stock symbol: CTF, listed on HOSE) is a publicly held joint stock company headquartered in Ho Chi Minh City, Vietnam. Legally registered under Business ID 0307979603 since 2009, the company has established itself as a key player in Vietnam’s automotive distribution market, specializing in the sale and service of Ford-brand vehicles. The company is a regional hub for automotive sales, maintenance, and parts distribution with multiple branches in Ho Chi Minh City and Ba Ria- Vung Tau.

The company is led by Mr. Tran Ngoc Dan, who also serves as the largest individual shareholder, holding over 9% of the company. Other major shareholders include New City Group JSC and a group of private Vietnamese investors. The executive team includes Mr. Nguyen Hoang Minh Tien as Deputy General Director and Ms. Le Thi Phu as Chief Accountant, both of whom are instrumental in the company's operational and financial management.

In terms of financial performance, CITY AUTO CORPORATION has shown impressive growth in 2024, with total revenue surging to USD 335.8 million, up 174.18% year-over-year. This reflects the company's aggressive sales expansion and growing customer base in the competitive automotive sector. Total assets also rose significantly to USD 160.9 million, nearly doubling over the previous year.

However, despite strong top-line growth, net profit declined to USD 1.97 million, a 44.26% drop from 2023. This could suggest rising operating costs, tighter margins, or increased competition in the dealership and vehicle financing markets. Still, owner’s equity increased by nearly 12% to reach USD 46.1 million, indicating a continued strengthening of the company’s capital base.

With 225 employees and a nationwide service footprint, CITY AUTO CORPORATION continues to position itself as a reliable partner for global automotive brands seeking market access in Vietnam. The company’s diversified business registration includes real estate consultancy, vehicle leasing, transport logistics, and equipment trading, offering potential avenues for future vertical growth.

For investors, suppliers, or strategic partners interested in a deeper look at CITY AUTO CORPORATION's financial structure, operating risks, and market positioning, a detailed and updated business report is available for purchase through VANGUARD BUSINESS INFORMATION LLC (VNBIS). This comprehensive report includes credit analysis, shareholder details, and key financial ratios for sound business decision-making.