FANSIPAN SA PA CABLE CAR SERVICES & TOURISM LIMITED LIABILITY COMPANY

FANSIPAN SA PA CABLE CAR SERVICES & TOURISM LIMITED LIABILITY COMPANY (CÔNG TY TNHH DỊCH VỤ DU LỊCH CÁP TREO FANSIPAN SA PA) is a limited liability company registered under Business ID 5300634655. The company was established on 26 April 2013 and is registered with the Lao Cai Department of Planning and Investment. Its head office is located at Sun Home Building, Nguyen Chi Thanh Street, Phan Si Pang Ward, Sa Pa Town, Lao Cai Province, Vietnam. The company operates actively and has more than 12 years of experience in the tourism and passenger transport sector.

The company has a substantial fully paid-up charter capital of approximately USD 80.36 million. With a workforce of around 688 employees, it represents a large-scale tourism infrastructure operator in northern Vietnam. Its core business line is other passenger land transport, primarily associated with cable car services serving the Fansipan tourism complex. In addition, the company has registered a wide range of related commercial activities, including short-term accommodation, retail operations, restaurants, beverage services, site preparation, electrical installation, and construction-related services. This broad registration structure supports an integrated tourism ecosystem model.

The company is led by Director N.X.C., a Vietnamese national, who oversees operations and strategic management. The shareholder structure comprises two major corporate shareholders holding controlling interests and one individual shareholder with a minority stake, indicating institutional backing and a structured governance structure.

From a financial perspective, the company demonstrates a strong recovery and expansion phase. Total assets increased significantly to approximately USD 227.59 million, marking robust growth after prior fluctuations. Owner’s equity rose to about USD 70.75 million, reflecting strengthening capital structure and retained earnings accumulation.

Revenue performance is particularly notable. After experiencing volatility in earlier years, total sales expanded sharply to approximately USD 66.43 million, representing strong year-on-year growth. Even more critical is the profitability turnaround: the company moved from substantial losses in earlier periods to generating approximately USD 13.09 million in net profit, with profit growth exceeding 300% year-on-year in the latest fiscal year. This dramatic recovery highlights improved operational efficiency, higher tourist volumes, and better cost absorption following pandemic-related disruptions.

Working capital surged to approximately USD 19.94 million, increasing more than 200% year-on-year. This sharp rise indicates improved short-term liquidity and stronger financial resilience, essential for a capital-intensive tourism infrastructure operator.

Overall, FANSIPAN SA PA CABLE CAR SERVICES & TOURISM LIMITED LIABILITY COMPANY (CÔNG TY TNHH DỊCH VỤ DU LỊCH CÁP TREO FANSIPAN SA PA) stands out as a high-asset tourism enterprise with significant capital backing and a strong post-recovery financial trajectory. The most critical financial highlight is its successful transition from losses to substantial profitability, supported by rising revenue and improved liquidity. Continued monitoring of tourism demand cycles and capital management will remain key factors in evaluating its long-term sustainability.