DANANG POWER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN ĐIỆN LỰC ĐÀ NẴNG), registered under Business ID 0400549228, is a core player in Vietnam’s electricity transmission and distribution network. Established on August 22, 2006, and operating for over 18 years, the company serves the central region of Vietnam, particularly Da Nang City—a strategic economic and population hub. With its head office at 35 Phan Dinh Phung, Hai Chau I Ward, Hai Chau District, the company is entirely owned by Central Power Corporation, a state-affiliated enterprise.

DANANG POWER COMPANY LIMITED operates as a one-member limited liability company and is directed by Mr. Le Hong Cuong. As of 2023, the company employed 996 people and held a paid-up capital of USD 45.7 million, exceeding its original charter capital—suggesting long-term state reinvestment and financial backing.

In terms of financial performance, DANANG POWER COMPANY LIMITED presents a mix of strength and concern. On the positive side, its total assets increased to USD 148.9 million in 2023, an 8.45% rise year-over-year. Revenue also showed healthy growth, rising 19.55% from the previous year to reach USD 312.14 million. These figures reflect a steady expansion in both infrastructure and operational scale—likely driven by rising electricity demand and continued investments in grid modernization.

However, the profit side tells a different story. The company's net profit dropped drastically by 83.16%, from USD 2 million in 2022 to just USD 337,689 in 2023. Such a sharp decline raises serious questions about operational costs, efficiency, or possibly the burden of state-imposed pricing policies that restrict profitability in public utilities. While revenue and asset growth are clear positives, the erosion of profit highlights the financial challenges common to state-managed infrastructure enterprises.

The company’s equity also experienced only modest growth, rising 7.02% to USD 45.82 million. Working capital stood at a slim USD 127,197, which, though positive, suggests tight liquidity margins that may hinder rapid responses to infrastructure upgrades or emergency maintenance demands.

Despite financial constraints, DANANG POWER COMPANY LIMITED plays a critical strategic role in maintaining power stability in one of Vietnam’s most dynamic cities. Beyond power distribution, its registered business activities include power generation, construction of electrical works, metal manufacturing, telecommunications, and even technical training. This diversified scope may provide future resilience if effectively leveraged.

In summary, DANANG POWER COMPANY LIMITED is an essential, asset-rich utility provider serving Vietnam’s central region. While it benefits from state support, significant physical assets, and stable revenue, its limited profitability and slim working capital signal operational inefficiencies and policy-induced pressures. These realities make the company dependable in function but modest in financial return—consistent with many state-owned entities operating under public service mandates.

Stakeholders, contractors, and partners working with DANANG POWER COMPANY LIMITED should view it as a stable but tightly regulated player—best suited for long-term collaboration rather than high-return ventures.