CUONG PHAT DST STEEL COMPANY LIMITED

CUONG PHAT DST STEEL COMPANY LIMITED is a privately held enterprise registered under Business ID: 2400885431, with its head office located in Hoang Mai Industrial Cluster, Nenh Ward, Bac Ninh Province, Vietnam. Established on April 8, 2020, the company operates under the jurisdiction of the Bac Ninh Department of Finance, with a charter capital of USD 10.27 million and paid-up capital of USD 10.27 million. The company is active in the forging, pressing, stamping, and roll-forming of metal, as well as in steel processing and the trading of galvanized steel coils, serving both domestic and export markets.

The firm is managed by Mr. Nguyen T. T., who serves as Director and holds a 25% ownership stake, overseeing production and strategic growth. Other shareholders include Ms. Hoang T. T. (45%), Mr. Vu H. N. (20%), and Mr. Nguyen V. P. (10%), forming a stable shareholder base with strong local ties and operational expertise. The company employs about 160 staff members and maintains a growing presence in Vietnam’s industrial supply chain.

Financially, CUONG PHAT DST STEEL showed remarkable improvement in 2023. Total sales reached USD 102.9 million, up 16.7% year-on-year, while assets climbed to USD 47.27 million, up 39.5%. The company reversed its prior-year loss, achieving a modest profit of USD 87,481, and strengthened its equity base to USD 7.92 million, reflecting a 111.5% growth. Despite a competitive steel market and volatile input prices, these figures suggest a successful turnaround and improved cost management.

With a working capital of USD 1.86 million, liquidity is relatively constrained but improving, indicating more efficient asset utilization. The company’s financial recovery after losses in 2022 and the surge in both revenue and profitability in 2023 point toward enhanced stability and operational resilience.

Overall, CUONG PHAT DST STEEL COMPANY LIMITED is demonstrating positive momentum within Vietnam’s steel sector, supported by solid governance and renewed profitability. While leverage remains a factor to monitor, the company’s steady growth and effective management justify a moderate credit risk outlook with a potential for continued improvement.

Credit evaluation provided by VANGUARD BUSINESS INFORMATION LLC (VNBIS), a trusted provider of business intelligence and credit risk analysis across Vietnam and global markets.