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DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

Active

Business ID 0300405462

84-28 / 3920 3062 / 3920 3063 / 3836 5467

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

Active

Business ID 0300405462

84-28 / 3920 3062 / 3920 3063 / 3836 5467

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

Active

Summary

Name:

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

Business ID (TIN):

0300405462

Date of Registration:

23 Sep 2004

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

PAC

Address:

No. 321, Tran Hung Dao Street, Co Giang Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3920 3062 / 3920 3063 / 3836 5467

Fax:

(84-28) 3920 3060/ 3920 3061

Financial Statement:

2020, 2021, 2022, 2023, 2024

Better known by its commercial name PINACO, DRY CELL AND STORAGE BATTERY JOINT STOCK COMPANY (Công ty Cổ phần Pin Ắc Quy Miền Nam) stands as one of Vietnam’s longest-standing and most trusted names in battery manufacturing. Established in 2004 with roots stretching back even further, the company operates from its headquarters at 321 Tran Hung Dao Street, Co Giang Ward, District 1, Ho Chi Minh City, and is officially registered under business ID and tax code 0300405462. With over 20 years of experience and listed on the Ho Chi Minh Stock Exchange under the symbol PAC, PINACO remains a symbol of industrial endurance in the country’s evolving energy and consumer electronics markets.

What sets PINACO apart is not only its nationwide brand recognition but also its backing. As of June 2024, the majority shareholder remains Vietnam National Chemical Group, a state-owned enterprise with a 51.43 percent stake. Additional institutional investors include PVI Opportunity Fund (12.77 percent) and Japan’s Furukawa Battery Co., Ltd (10.54 percent), indicating both state trust and international confidence in the company’s fundamentals.

The company’s 2024 financial data reflects moderate but stable growth. Total sales reached USD 131.69 million, a slight year-over-year increase of 0.64 percent after a notable drop in 2023. More importantly, net profit rose nearly 10 percent, recovering to over USD 5.2 million. While not a standout growth figure, it points to consistent cost control and demand resilience. Total assets rose to USD 104.1 million, while owner’s equity improved to nearly USD 39.8 million, reinforcing its steady capital foundation.

With a workforce of 1,258 employees and manufacturing facilities across Ho Chi Minh City, Dong Nai, and a branch in Da Nang, PINACO has a robust logistical footprint. Its operations include not only the manufacture of batteries and accumulators, but also wholesale trade, road freight transport, and some activity in real estate, though its primary reputation rests firmly on its battery products.

The leadership team, including Chairman Le Hoang and General Director Le V. N., has steered the company through both market highs and operational challenges. One notable trait is the firm’s cautious and measured financial management. Despite modest revenue growth in recent years, it maintains healthy working capital—USD 11.56 million in 2024—and consistently reinvests in operational assets, a strategy that has helped the company withstand global supply chain disruptions and market volatility.

For those analyzing Vietnam private financial data, PINACO represents a model of state-affiliated industrial stability. From a business verification and risk management perspective, its consistent equity growth, government-backed shareholding structure, and longstanding market presence offer a relatively low-risk profile, especially in a sector that increasingly intersects with renewable energy, electric mobility, and consumer electronics.

In a fast-electrifying world, PINACO may not yet be a disruptor, but it remains an essential and enduring player in Vietnam’s energy hardware landscape. Whether for business partnerships or supply chain alliances, this company deserves serious consideration.

Legal Profile

English Name:

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN PIN ẮC QUY MIỀN NAM

Short Name:

PINACO

Business ID (TIN):

0300405462

Date of Registration:

23 Sep 2004

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

PAC

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE H

+ LE V.N

+ NGUYEN D.H

+ NGUYEN H.T

+ NGUYEN D.P.C

Address:

No. 321, Tran Hung Dao Street, Co Giang Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3920 3062 / 3920 3063 / 3836 5467

Fax:

(84-28) 3920 3060/ 3920 3061

Factory Address:

Road 1, Bien Hoa 1 Industrial Park, Dong Nai Province, Vietnam

Factory Address:

Lot 64, Road 2, Tan Tao Industrial Park, Ho Chi Minh City, Vietnam

Branch:

No. 348, Dien Bien Phu Street, Da Nang City, Vietnam

Factory Address:

Road N2, Det May Nhon Trach Industrial Park, Dong Nai Province, Vietnam

Branch:

Lot CN-01-4, Ninh Hiep Industrial Cluster, Ha Noi City, Vietnam

Factory Address:

Lot I, An Phuoc Industrial Park, Dong Nai Province, Vietnam

Business Sector

Key business lines:

VSIC:

2720 Manufacture of batteries and accumulators

NACE:

27.20 Manufacture of batteries and accumulators

Industry Sales Growth

CAGR (2019 - 2023)

10.36%

YoY (2023)

-4.63%

Companies by industry

Company distribution and propportions

272

0.0094%

Key Industry Players

Top 10 companies in manufacture of batteries and accumulators industry

dry cell and storage battery jointstock company le long viet nam company limited samsung sdi vietnam co., ltd vietnam sunergy joint stock company vina cell technology company limited ritar power (vietnam) company limited leoch super power (viet nam) company limited elite solar technology (viet nam) company limited trina solar energy development company limited nwestern solar vietnam co., ltd

Payment History

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Financial Performance

Assets	88.26%
Owner’s Equity	-37.53%
Working Capital	-38.52%
Net Worth	-40.10%
Sales	97.64%
Operating income	-52.52%
EBIT	85.62%
Gross Profit Margin	-6.99%
Debt to EBITDA	85.87%

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Specific Questions About DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY

When did DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY start operating?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY was started in 23 Sep 2004

What industry does DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY operate in?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY is operating in "Manufacture of batteries and accumulators" industry

How can I contact DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY phone numbers is 84-28 / 3920 3062 / 3920 3063 / 3836 5467

What adverse news is there about DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY’s has no negative news

What is stock symbol of DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY’s stock symbol is PAC

Where is the location of DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY is located at No. 321, Tran Hung Dao Street, Co Giang Ward, District 1, Ho Chi Minh City, Vietnam

What is DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY’s business registration?

DRY CELL AND STORAGE BATTERY JOINTSTOCK COMPANY business registration is 0300405462

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