CSB ENERGY TECHNOLOGY (VIETNAM) CORPORATION LIMITED

CSB ENERGY TECHNOLOGY (VIETNAM) CORPORATION LIMITED (CÔNG TY TNHH CÔNG NGHỆ NĂNG LƯỢNG CSB (VIỆT NAM)) is a foreign direct investment (FDI) enterprise operating under a one-member limited liability company structure, wholly owned by CSB ENERGY TECHNOLOGY CO., LTD—a Taiwanese firm headquartered in Taipei. The company is registered under business ID and tax code 3600878627 with the Dong Nai Province Department of Planning and Investment. It was established on April 2, 2007, and is now in its eighteenth year of operation. Its head office is located at Road 4, Nhon Trach 3 Industrial Park (Phase 2), Long Tho Commune, Nhon Trach District, Dong Nai Province, Vietnam.

The legal representative and executive authority is Chang Y. K., who holds the dual role of Chairman and General Director. As the sole authorized decision-maker in Vietnam, his leadership plays a central role in both strategic and daily operations. This centralized governance model, while efficient, concentrates decision-making power entirely in one individual—raising potential concerns around operational continuity, local responsiveness, and governance transparency. There is no recorded local executive team, which could pose challenges in cases of dispute resolution, regulatory compliance, or emergency management within the Vietnamese jurisdiction.

In terms of financial health, the company presents a generally strong but mixed profile. As of the fiscal year ending March 31, 2024, total assets reached USD 119.12 million, with equity at USD 73.26 million. Profit stood at USD 8.93 million, up 6.26% from the prior year. Working capital was healthy at USD 54.84 million, suggesting that the company is comfortably able to meet its short-term liabilities. These figures indicate solid capital structure and liquidity.

However, revenue trends introduce a layer of caution. After an explosive revenue jump in 2023—surging 317.79% to USD 143.48 million—sales in 2024 dropped by 15.01% to USD 121.94 million. While still high in absolute terms, this decline raises questions about demand stability, market concentration, or the potential loss of major contracts. Additionally, net profit margins remain relatively slim in the context of total sales, which, in an industry like battery manufacturing, can be sensitive to fluctuations in input costs, technology cycles, and regulatory conditions.

There is also a minor discrepancy between the declared charter capital (USD 33.5 million) and the converted paid-up capital amount in local currency, which equates to about USD 27.9 million. While this might be attributed to exchange rate changes, such inconsistencies should be clarified, especially for external stakeholders assessing the company's legal and financial standing.

Operationally, CSB ENERGY TECHNOLOGY (VIETNAM) CORPORATION LIMITED focuses on manufacturing and trading technical batteries, raw materials, battery chargers, and related equipment. With approximately 1,000 employees, it plays a significant role in Vietnam's industrial manufacturing sector, particularly within the high-demand field of energy storage technologies.

Despite its strengths—particularly in equity growth, profitability recovery, and liquidity—credit and business partners should approach this company with a balanced view. The highly centralized leadership structure, volatility in revenue, and modest margins all signal the need for careful contract structuring, regular financial reviews, and clear operational communication pathways.

In short, CSB ENERGY TECHNOLOGY (VIETNAM) CORPORATION LIMITED is a well-capitalized manufacturer with solid liquidity, but one that should be monitored closely for signs of revenue instability, governance risk, and shifts in parent-company strategy. For creditors and strategic partners alike, engagement should be framed with sound legal protections, strict credit terms, and an emphasis on transparency.