GAC TA JOINT STOCK COMPANY

GAC TA JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN GAC TA), also known as GACTACO, is a Vietnam-based manufacturer and trader of cement, unbaked bricks, and concrete products. Established in 2015, the company has built a strong industrial presence in the construction materials sector, serving both domestic and international markets. Headquartered at No. 270A, Ly Thuong Kiet Street, Ward 14, Tan Binh District, Ho Chi Minh City, Vietnam, the company also operates a large-scale workshop in Binh Duong Province.

Company Overview

• Business Registration Number: 0313543759
• Industry: Manufacture of concrete, cement, and plaster products
• Ownership: Privately held joint-stock company
• General Director: Phan Thanh Long
• Charter Capital: USD 821,659
• Employees: 14
• Website: www.gacta.vn
• Contact Information:
  • Phone: (84-28) 3863 1888
  • Email: info@gacta.vn

Financial Performance – Volatility in Revenue and Profitability

GAC TA JOINT STOCK COMPANY has shown inconsistent financial performance over the past three years, with strong asset growth but declining revenue and fluctuating profitability:

• Total assets increased by 28.91%, reaching USD 17.72 million in 2023, up from USD 13.74 million in 2022.
• Revenue fell by 25.1%, declining from USD 21.48 million in 2022 to USD 16.09 million in 2023.
• Profit rebounded significantly, growing by 485.54%, from a loss of USD -26,508 in 2022 to a net profit of USD 102,199 in 2023.
• Owner’s equity grew by 31.17%, indicating financial recovery and improved stability.

The drop in revenue suggests reduced demand or competitive pressure, while the profit rebound indicates cost-cutting measures or operational improvements.

Business Operations and Market Presence

GAC TA JOINT STOCK COMPANY operates across multiple business sectors, with a primary focus on:

• Manufacturing and trading of cement, concrete, and unbaked bricks for construction projects.
• Mining and gathering of lignite, a key raw material in cement production.
• Wholesale trade of rice, wheat, and cereals, demonstrating a diversified business model.
• Tourism services, including travel agency and tour operator activities, reflecting a non-core business expansion.

Despite its primary focus on construction materials, the company's involvement in agriculture and tourism-related services suggests an attempt at diversification to mitigate market risks.

Challenges and Market Positioning

While GAC TA JOINT STOCK COMPANY has seen asset and equity growth, the declining revenue and fluctuating profitability raise concerns about its market competitiveness and demand for its products. The company's venture into multiple business lines may also indicate a need for better strategic focus to ensure sustained growth in its core cement and concrete manufacturing sector.

Ownership and Shareholders

• Phan Thanh Long (35%) – General Director and majority shareholder.
• Nguyen Thieu Quang (25%) – Major investor.
• Phan Thanh Son (20%), Le Ngoc Anh (10%), and Trinh Quoc Ngan (10%) – Additional shareholders.

The distribution of ownership among multiple investors indicates a collaborative decision-making structure, which could impact the company’s strategic direction and financial policies.

Final Assessment

GAC TA JOINT STOCK COMPANY remains a growing player in Vietnam’s cement and concrete industry, but its declining sales and unstable profitability present financial risks. While asset expansion and profit recovery are positive indicators, the company must stabilize its revenue streams and refine its business focus to maintain long-term sustainability.

For further inquiries, contact GAC TA JOINT STOCK COMPANY at info@gacta.vn or visit www.gacta.vn.