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DANANG POWER COMPANY LIMITED

Active

Business ID 0400549228

DANANG POWER COMPANY LIMITED

Active

Business ID 0400549228

DANANG POWER COMPANY LIMITED

Active

Summary

Name:

DANANG POWER COMPANY LIMITED

Business ID (TIN):

0400549228

Date of Registration:

22 Aug 2006

Registered Office:

Da Nang Department of Planning and Investment

Address:

35 Phan Dinh Phung, Hai Chau I Ward, Hai Chau District, Da Nang City, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

DANANG POWER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN ĐIỆN LỰC ĐÀ NẴNG

Short Name:

DNP

Business ID (TIN):

0400549228

Date of Registration:

22 Aug 2006

Registered Office:

Da Nang Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

LE H.C

Address:

35 Phan Dinh Phung, Hai Chau I Ward, Hai Chau District, Da Nang City, Vietnam

Old Address:

No. 35, Phan Dinh Phung Street, Hai Chau 1 Ward, Hai Chau District, Da Nang City, Vietnam

Business Sector

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Key Industry Players

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Payment History

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Financial Performance

Assets	-27.80%
Owner’s Equity	-80.39%
Working Capital	-39.62%
Net Worth	-51.17%
Sales	-56.87%
Operating income	68.99%
EBIT	-25.87%
Gross Profit Margin	28.43%
Debt to EBITDA	-29.92%

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Specific Questions About DANANG POWER COMPANY LIMITED

When did DANANG POWER COMPANY LIMITED start operating?

DANANG POWER COMPANY LIMITED was started in 22 Aug 2006

What industry does DANANG POWER COMPANY LIMITED operate in?

DANANG POWER COMPANY LIMITED don't share industry information

How can I contact DANANG POWER COMPANY LIMITED?

DANANG POWER COMPANY LIMITED don't share phone numbers information

What adverse news is there about DANANG POWER COMPANY LIMITED?

DANANG POWER COMPANY LIMITED’s has no negative news

What is stock symbol of DANANG POWER COMPANY LIMITED?

DANANG POWER COMPANY LIMITED is not listed company

Where is the location of DANANG POWER COMPANY LIMITED?

DANANG POWER COMPANY LIMITED is located at 35 Phan Dinh Phung, Hai Chau I Ward, Hai Chau District, Da Nang City, Vietnam

What is DANANG POWER COMPANY LIMITED’s business registration?

DANANG POWER COMPANY LIMITED business registration is 0400549228

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