PROLooking for more than just a company report? Upgrade to Pro now

FLAT (VIETNAM) COMPANY LIMITED

Active

Business ID 0201735798

84-225 / 883 1128

FLAT (VIETNAM) COMPANY LIMITED

Active

Business ID 0201735798

84-225 / 883 1128

FLAT (VIETNAM) COMPANY LIMITED

Active

Summary

Name:

FLAT (VIETNAM) COMPANY LIMITED

Business ID (TIN):

0201735798

Date of Registration:

28 Jul 2016

Registered Office:

Hai Phong City Department of Planning and Investment

Address:

Land Lot CN4.2C, Dinh Vu Industrial Park, Dong Hai 2 Ward, Hai An District, Hai Phong City, Vietnam

Phone:

84-225 / 883 1128

Financial Statement:

2020, 2021, 2022, 2023, 2024

FLAT (VIETNAM) COMPANY LIMITED (CÔNG TY TNHH FLAT (VIỆT NAM)), registered under Business ID and Tax Code 0201735798, is a wholly foreign-owned enterprise based in Hai Phong’s Dinh Vu Industrial Park. The company was established in 2016 and operates in the glass manufacturing industry, with a focus on tempered safety glass used in solar modules.

In 2023, the company reported USD 284.81 million in sales, up 8.45% year-over-year. Its net profit surged by nearly 49%, reaching USD 62.62 million, which translates to a high profit margin by industrial standards. Total assets stood at USD 382.58 million, with working capital of USD 89.66 million, indicating a solid short-term liquidity position. Meanwhile, owner’s equity rose sharply by 45.7% to almost USD 200 million, highlighting strong capital accumulation.

The company’s leadership includes Chairman Mr. Ruan Hongliang and General Director Mr. Dong Bin, both Chinese nationals. It is 100% owned by FLAT (HONG KONG) CO., LTD, and as such, FLAT (VIETNAM) COMPANY LIMITED functions as a full overseas subsidiary—raising common concerns around internal transfer pricing and limited visibility into upstream financial practices.

While profitability and equity growth are undeniably strong, the company's capital inflow patterns warrant further scrutiny. The declared charter capital is USD 72 million, yet the paid-up capital is already over USD 74 million, which could reflect ongoing funding rounds or currency adjustments—but such discrepancies should be closely reviewed during financial due diligence.

According to recent risk intelligence compiled by VANGUARD BUSINESS INFORMATION LLC (VBI), stakeholders should note that while FLAT (VIETNAM) COMPANY LIMITED appears financially sound, the absence of Vietnamese ownership, combined with its strategic role in supplying solar glass, necessitates additional monitoring in terms of regulatory compliance, environmental practices, and long-term local integration.

Its registered business scope is broad and includes warehousing, property trading, and industrial facility construction—activities beyond core manufacturing. This diversification, while potentially strategic, also opens questions about the company's long-term operational focus in Vietnam.

In sum, FLAT (VIETNAM) COMPANY LIMITED has shown outstanding financial performance in 2023, particularly in equity growth and profitability. But for institutions seeking to engage this company—be it in trade, finance, or joint ventures—independent verification, such as VBI’s credit and risk assessments, is essential to understand the full picture beyond headline figures.

Legal Profile

English Name:

FLAT (VIETNAM) COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH FLAT (VIỆT NAM)

Short Name:

FLAT VIETNAM

Business ID (TIN):

0201735798

Date of Registration:

28 Jul 2016

Registered Office:

Hai Phong City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

RUAN H

Address:

Land Lot CN4.2C, Dinh Vu Industrial Park, Dong Hai 2 Ward, Hai An District, Hai Phong City, Vietnam

Phone:

84-225 / 883 1128

Business Sector

Key business lines:

VSIC:

2310 Manufacture of glass and glass products

NAICS:

3272 Glass and Glass Product Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

0.70%

YoY (2023)

17.83%

Companies by industry

Company distribution and propportions

408

0.0140%

Key Industry Players

Top 10 companies in manufacture of glass and glass products industry

malaya - vietnam glass limited (translated name) viglacera float glass company - branch of viglacera corporation - jsc hai long kyoto company cfg - chu lai float glass joint stock company the branch of malaya - vietnam glass limited jntc vina company limited viet nhat safety glass joint stock company ha long - cfg float glass company limited phu my ultra clear float glass co., ltd flat (vietnam) company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-45.71%
Owner’s Equity	-64.23%
Working Capital	49.64%
Net Worth	3.84%
Sales	58.75%
Operating income	-42.16%
EBIT	-70.69%
Gross Profit Margin	-40.42%
Debt to EBITDA	97.16%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About FLAT (VIETNAM) COMPANY LIMITED

When did FLAT (VIETNAM) COMPANY LIMITED start operating?

FLAT (VIETNAM) COMPANY LIMITED was started in 28 Jul 2016

What industry does FLAT (VIETNAM) COMPANY LIMITED operate in?

FLAT (VIETNAM) COMPANY LIMITED is operating in "Manufacture of glass and glass products" industry

How can I contact FLAT (VIETNAM) COMPANY LIMITED?

FLAT (VIETNAM) COMPANY LIMITED phone numbers is 84-225 / 883 1128

What adverse news is there about FLAT (VIETNAM) COMPANY LIMITED?

FLAT (VIETNAM) COMPANY LIMITED’s has no negative news

What is stock symbol of FLAT (VIETNAM) COMPANY LIMITED?

FLAT (VIETNAM) COMPANY LIMITED is not listed company

Where is the location of FLAT (VIETNAM) COMPANY LIMITED?

FLAT (VIETNAM) COMPANY LIMITED is located at Land Lot CN4.2C, Dinh Vu Industrial Park, Dong Hai 2 Ward, Hai An District, Hai Phong City, Vietnam

What is FLAT (VIETNAM) COMPANY LIMITED’s business registration?

FLAT (VIETNAM) COMPANY LIMITED business registration is 0201735798

My Order (0)

FLAT (VIETNAM) COMPANY LIMITED

FLAT (VIETNAM) COMPANY LIMITED

FLAT (VIETNAM) COMPANY LIMITED

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

FLAT (VIETNAM) COMPANY LIMITED

FLAT (VIETNAM) COMPANY LIMITED

FLAT (VIETNAM) COMPANY LIMITED

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification