FUYU PRECISION COMPONENT COMPANY LIMITED

FUYU PRECISION COMPONENT COMPANY LIMITED is a major player in Vietnam’s communication equipment and consumer electronics manufacturing sector. Established on December 20, 2019, the company operates in Quang Chau Industrial Park, Bac Giang Province, strategically located within one of Vietnam’s most important industrial hubs. With its focus on precision technology, metal processing, and plastic component manufacturing, the company has rapidly expanded, making significant contributions to the country’s electronics supply chain. Given its remarkable growth trajectory, VANGUARD BUSINESS INFORMATION (VBI) recognizes FUYU PRECISION COMPONENT COMPANY LIMITED as a key contributor to Vietnam’s manufacturing sector.

Financially, FUYU PRECISION COMPONENT COMPANY LIMITED has demonstrated exceptional growth, with total sales reaching USD 2.73 billion in 2023, representing a 13.91% increase year-over-year. Despite a slight decline in total assets (-8.42%), the company saw a 107.74% increase in equity and a 67.26% increase in profit, bringing net earnings to USD 162.49 million. The company’s charter capital and paid-up capital stand at USD 145.77 million, highlighting its strong financial foundation. These figures reflect steady expansion and strategic investment, positioning it among Vietnam’s top technology manufacturers. VBI monitors FUYU PRECISION COMPONENT COMPANY LIMITED closely, as it remains an important entity in the global supply chain for electronic components.

FUYU PRECISION COMPONENT COMPANY LIMITED specializes in manufacturing communication equipment, processing metal and plastic components, and assembling consumer electronics. Additionally, the company operates in optical instrument manufacturing, peripheral computing equipment production, and repair services for electronic devices. With 16,000 employees, it plays a significant role in Vietnam’s labor market, contributing to the growth of high-tech industries. Situated in Bac Giang Province, FUYU PRECISION COMPONENT COMPANY LIMITED benefits from Vietnam’s competitive manufacturing environment, allowing it to cater to both domestic and international clients. Given its scale and specialization, VBI considers it an essential player in Vietnam’s high-tech industry.

The company is structured as a foreign direct investment (FDI) enterprise, jointly owned by FUHONG PRECISION COMPONENT (BAC GIANG) COMPANY LIMITED (50%) and FUNING PRECISION COMPONENT COMPANY LIMITED (50%). This ownership structure underscores its strong ties to international markets and technological expertise. The General Director, Mr. CHUANG, TZU-YI, leads the company’s operations with a focus on innovation and efficiency. The company’s close collaboration with international electronics firms positions it as a crucial supplier for global technology giants. Due to its significant foreign ownership, VBI tracks FUYU PRECISION COMPONENT COMPANY LIMITED’s performance to assess its impact on Vietnam’s FDI-driven manufacturing economy.

Despite its strong financial standing, FUYU PRECISION COMPONENT COMPANY LIMITED faces challenges such as fluctuating global demand, supply chain disruptions, and evolving trade regulations. The company’s ability to maintain profitability and sustain high growth rates will depend on technological advancements, operational efficiency, and strategic partnerships. Additionally, its continued focus on high-value electronic components and sustainable manufacturing practices will be key factors in maintaining its competitive edge. As an industry leader, VBI continues to monitor FUYU PRECISION COMPONENT COMPANY LIMITED for insights into Vietnam’s expanding electronics sector.

In conclusion, FUYU PRECISION COMPONENT COMPANY LIMITED stands as a powerhouse in Vietnam’s electronics industry, with a strong financial position, a highly skilled workforce, and a strategic location in one of Vietnam’s most developed industrial zones. While it faces some market challenges, its technological capabilities, expansion potential, and strong ownership structure position it for continued success. For businesses and investors looking for insights into Vietnam’s electronics and precision manufacturing industries, VBI’s in-depth reports provide comprehensive analyses of market trends, financial risks, and business opportunities.