Lot D05, Duc Hoa 1 - Hanh Phuc Industrial Park, Hamlet 5, Tay Ninh Province, Vietnam
2020, 2021, 2022, 2023, 2024
FORTUNE ELECTRIC CORPORATION (Công ty Cổ phần Thiết Bị Điện Phước Thạnh) has evolved into one of Vietnam’s notable private manufacturers of electrical and lighting equipment. Established in 2007 and headquartered in the Đức Hòa 1 – Hạnh Phúc Industrial Park, the company has built a strong footprint across the southern industrial corridor, supplying lighting devices, wiring equipment, motors, transformers, and a broad range of household electrical products.
Under the leadership of Hong U. T., the company continues to scale operations, with multiple factories and warehouses and a growing commercial presence in Ho Chi Minh City, Đồng Nai, and Tây Ninh. Its product brands reach both domestic retailers and industrial buyers, supported by a nationwide distribution network.
Performance Driven by Scale, but Not Without Volatility
The company recorded sales of USD 105.37 million in 2024, marking renewed growth after a dip in 2023. Profit jumped to USD 10.58 million, reflecting a strong recovery in demand for lighting and electrical devices. Total assets reached USD 100.6 million, showing continued expansion of production capacity.
Yet the financial picture also hints at instability: owner’s equity fell sharply by more than 17%, and working capital dropped over 63%. These shifts suggest rising operating costs, aggressive investment, or liquidity pressure—signals that Fortune Electric’s growth, while impressive, requires careful financial management to sustain.
A Competitive Player with Ambition
With a portfolio spanning manufacturing, distribution, and repair services, Fortune Electric is positioned to benefit from Vietnam’s booming construction, industrial, and residential markets. Its ability to restore profit momentum in 2024 demonstrates resilience, and its diverse product lines give it an edge in a highly competitive industry.
For buyers, partners, and investors tracking Vietnam’s electrical equipment sector, Fortune Electric is a company worth watching—ambitious, fast-growing, and strategically expanding, but also navigating the financial strain that comes with rapid scale.
If you want a deeper financial analysis or risk assessment of this company, VNBIS can prepare a complete Company Financial or Comprehensive Report upon request.
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FORTUNE ELECTRIC CORPORATION
CÔNG TY CỔ PHẦN THIẾT BỊ ĐIỆN PHƯỚC THẠNH
FEC
1100793386
05 Sep 2007
Tay Ninh Province Department of Finance
Privately held
Active
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