DUCAR TECHNOLOGY COMPANY LIMITED

DUCAR TECHNOLOGY COMPANY LIMITED (CÔNG TY TNHH CÔNG NGHỆ DUCAR) is a foreign direct investment (FDI) enterprise specializing in the manufacture of agricultural and forestry machinery, headquartered at Workshop F3, Land Lot CN8–CN9, East Division, Phu Thai Industrial Park, Kim Lien Commune, Kim Thanh District, Hai Duong Province, Vietnam. The company was officially registered on November 15, 2018, under Business ID 0801264607, with full ownership by Chongqing Dajiang Power Equipment Manufacturing Co., Ltd. (China).

A Strong FDI Manufacturer in Vietnam’s Machinery Sector

DUCAR has become one of the key foreign-invested enterprises in Hai Duong Province’s industrial zone, focusing on special-purpose machinery production and wholesale distribution of mechanical equipment. The company employs around 800 workers and supplies machinery mainly used in agriculture and forestry applications. Its technological base and capital backing from China’s Chongqing Dajiang Power Equipment group have helped establish a modern and export-oriented manufacturing model.

Financial Performance and Risk Insights

As of December 31, 2023, total assets reached USD 66.17 million, a 26.88 percent increase year-on-year, while equity rose by 22.79 percent to USD 35.6 million. However, sales dropped sharply by 42.52 percent to USD 103.64 million, and net profit fell slightly by 5.06 percent, reaching USD 6.61 million. Despite these declines, the company maintained solid working capital of USD 31.87 million, showing good liquidity and internal financial resilience.

These results suggest a business in transition — one that remains profitable but faces downward pressure from weaker global demand and rising input costs. Profit margins have narrowed, though DUCAR’s capital structure remains strong and fully funded.

Leadership and Ownership

The company is led by Mr. Pang X., a Chinese national who serves as General Director. Under his management, DUCAR continues to expand production efficiency and maintain compliance with Vietnamese labor and environmental regulations. The full foreign ownership structure gives it both stability and streamlined decision-making but limits transparency for local business partners assessing financial exposure.

Evaluation and Outlook

From a credit and operational standpoint, DUCAR Technology demonstrates strong liquidity, stable profitability, and consistent capital growth, though its heavy dependence on external markets and parent-company exports exposes it to cyclical risks. The decline in sales and profit points to possible overcapacity or reduced orders from key clients, requiring careful cash flow management.

For business partners and investors, DUCAR remains a credible and financially sound company, but one that should be monitored for short-term demand volatility in the machinery sector.

As analyzed by Vanguard Business Information (VNBIS), DUCAR’s profile illustrates the importance of Minimizing Financial Risks and Maximizing Business Opportunities through transparent operations, efficient working capital use, and diversified client strategies. In this respect, DUCAR’s solid balance sheet and continuing profitability provide a foundation for long-term partnership potential, particularly in Vietnam’s fast-evolving industrial manufacturing market.