CONTINENTAL TEXTILE CO., LTD

CONTINENTAL TEXTILE CO., LTD (CÔNG TY TNHH DỆT SỢI CONTINENTAL) is a wholly foreign-owned enterprise that has established itself as a major force in Vietnam’s textile manufacturing industry. Officially registered on April 8, 2015 with the Tay Ninh Province Department of Planning and Investment under Business ID and TIN 3901203321, the company operates its main facility at Lot No. 30-18, Road N16, Phuoc Dong Industrial Park, Bau Don Commune, Go Dau District, Tay Ninh Province. With a paid-up capital of over USD 120.34 million and a workforce of approximately 3,500 employees, Continental Textile exemplifies large-scale industrial production in Vietnam.

The company’s main business activity is focused on spinning, weaving, and finishing textiles, with full registration for both the spinning of textile fibers and weaving of textiles. As part of its operational footprint, the company also manages a secondary production facility in Thanh Thanh Cong Industrial Park, located in Trang Bang Town, Tay Ninh Province.

Ownership of Continental Textile lies entirely with LIBRA INTERNATIONAL INVESTMENT PTE. LTD., a Singapore-based investment company, making this enterprise a fully foreign direct investment (FDI) entity. Mr. Bao Hanshun, a Chinese national, serves as the Chairman and has led the company through rapid scale-up and investment in manufacturing capacity.

Financially, Continental Textile has demonstrated both high performance and some recent volatility. As of the fiscal year ending December 31, 2023, the company reported total assets of USD 317.31 million and owner’s equity of USD 146.33 million. Annual sales reached USD 183.9 million, representing a modest 3.11% increase over the previous year, indicating stable market demand. However, profit fell to USD 19.41 million, a significant 34.97% drop compared to 2022, potentially reflecting margin pressure or increased operating costs. Working capital remains deeply negative at USD -60.28 million, highlighting potential liquidity concerns despite strong asset and revenue figures.

From a broader view, the company has grown its equity base significantly since inception and maintains a strong capital position. However, the combination of falling profits and negative working capital calls for close attention by stakeholders, particularly in the context of ongoing global fluctuations in textile exports and raw material prices.

For businesses, buyers, or partners considering cooperation with this enterprise, it is essential to evaluate its current financial structure, operational efficiency, and long-term sustainability. VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive Company Reports, Risk Assessments, and Due Diligence Services tailored to assess companies like Continental Textile with precision and transparency.