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GELEX ELECTRICITY JOINT STOCK COMPANY

Active

Business ID 0107547109

84-24 / 7301 2344

GELEX ELECTRICITY JOINT STOCK COMPANY

Active

Business ID 0107547109

84-24 / 7301 2344

GELEX ELECTRICITY JOINT STOCK COMPANY

Active

Summary

Name:

GELEX ELECTRICITY JOINT STOCK COMPANY

Business ID (TIN):

0107547109

Date of Registration:

29 Aug 2016

Registered Office:

Ha Noi City Department of Finance

Ticker:

GEE

Address:

No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam

Phone:

84-24 / 7301 2344

Financial Statement:

2020, 2021, 2022, 2023, 2024

GELEX ELECTRICITY JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐIỆN LỰC GELEX) is a publicly held joint stock company established on August 29, 2016, and registered with the Hanoi City Department of Planning and Investment. As one of Vietnam’s leading manufacturers and distributors of electrical equipment, the company operates across multiple segments, including power generation, electricity transmission, and industrial electrical solutions. With its headquarters in Hai Ba Trung District, Hanoi, and a workforce of 2,051 employees, GELEX ELECTRICITY JOINT STOCK COMPANY plays a crucial role in Vietnam’s expanding energy infrastructure. The company operates under Tax Identification Number (TIN) 0107547109 and is publicly traded on the Ho Chi Minh City Stock Exchange (HOSE) under the stock symbol GEE.

The company is chaired by Nguyen Van Tuan, with General Director Nguyen Trong Trung overseeing its daily operations. GELEX GROUP JOINT STOCK COMPANY holds an 80% controlling stake, while other institutional shareholders, including Computer - Communication - Control 3C Inc. and Tran Phu Electric Mechanical JSC, collectively own the remaining shares.

In recent years, GELEX ELECTRICITY JOINT STOCK COMPANY has experienced notable financial shifts, reflecting both the opportunities and challenges in Vietnam’s electricity sector. In 2023, total assets declined to USD 563.78 million, a 21.22% decrease from the previous year, reflecting strategic divestments and capital reallocation amid economic headwinds. Despite this, total sales remained stable at USD 682.28 million, experiencing only a marginal 0.34% decline. However, net profit dropped to USD 32.57 million, marking an 18.42% decline, signaling increasing production costs and sector-wide pressures on profitability. Meanwhile, owner’s equity slightly decreased to USD 244.52 million, maintaining a strong financial foundation despite market volatility.

The company’s core business revolves around manufacturing and distributing electrical equipment, including electric motors, transformers, generators, wiring devices, and communication equipment. Additionally, GELEX ELECTRICITY JOINT STOCK COMPANY is actively engaged in electricity transmission, power generation, and industrial energy solutions, further integrating itself into Vietnam’s energy transition and national grid expansion. The company also provides machinery repair and installation services, reinforcing its position as a full-service provider in the electrical infrastructure sector.

Vietnam’s electricity industry is undergoing rapid transformation, driven by industrial growth, urbanization, and increasing energy demand. While the company benefits from growing investments in power infrastructure, it faces several challenges, including regulatory shifts, fluctuating raw material costs, and global supply chain disruptions. Moreover, Vietnam’s push towards renewable energy presents both a challenge and an opportunity for GELEX ELECTRICITY JOINT STOCK COMPANY, as the demand for energy-efficient and smart-grid electrical solutionscontinues to grow.

Looking forward, the company’s ability to adapt to technological advancements, enhance production efficiency, and capitalize on Vietnam’s infrastructure development projects will be key to sustaining long-term growth. As the country moves toward a more diversified energy mix, GELEX ELECTRICITY JOINT STOCK COMPANY is well-positioned to leverage its expertise in electrical manufacturing and transmission solutions to support national energy goals.

VANGUARD BUSINESS INFORMATION LLC (VBI) is a leading provider of business intelligence, financial analysis, and risk assessment services. With access to a comprehensive database of company reports in Vietnam and worldwide, VBI delivers detailed insights for businesses, investors, and financial institutions seeking accurate corporate information. Whether assessing creditworthiness, conducting due diligence, or analyzing market trends, VBI provides customized business intelligence solutions to support strategic investment and risk management.

Legal Profile

English Name:

GELEX ELECTRICITY JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN ĐIỆN LỰC GELEX

Short Name:

GELEX ELECTRIC., JSC

Business ID (TIN):

0107547109

Date of Registration:

29 Aug 2016

Registered Office:

Ha Noi City Department of Finance

Ticker:

GEE

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE B.T

+ NGUYEN T.T

+ NGUYEN T.N

Address:

No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam

Phone:

84-24 / 7301 2344

Business Sector

Key business lines:

VSIC:

2790 Manufacture of other electrical equipment

NACE:

27.90 Manufacture of other electrical equipment

Industry Sales Growth

CAGR (2019 - 2023)

32.40%

YoY (2023)

86.54%

Companies by industry

Company distribution and propportions

868

0.0299%

Key Industry Players

Top 10 companies in manufacture of other electrical equipment industry

gelex group joint stock company manh phuong electric service-trading company limited boviet solar technology co.,ltd vina solar technology co.,ltd gelex electricity joint stock company first solar vietnam manufacturing company ltd ja solar viet nam company limited motomotion vietnam limited company ja solar pv vietnam company limited jinko solar (vietnam) industries company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	26.81%
Owner’s Equity	-93.88%
Working Capital	53.00%
Net Worth	32.65%
Sales	-46.09%
Operating income	14.91%
EBIT	37.63%
Gross Profit Margin	-84.75%
Debt to EBITDA	68.71%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About GELEX ELECTRICITY JOINT STOCK COMPANY

When did GELEX ELECTRICITY JSC start operating?

GELEX ELECTRICITY JSC was started in 29 Aug 2016

What industry does GELEX ELECTRICITY JSC operate in?

GELEX ELECTRICITY JSC is operating in "Manufacture of other electrical equipment" industry

How can I contact GELEX ELECTRICITY JSC?

GELEX ELECTRICITY JSC phone numbers is 84-24 / 7301 2344

What adverse news is there about GELEX ELECTRICITY JSC?

GELEX ELECTRICITY JSC’s has no negative news

What is stock symbol of GELEX ELECTRICITY JSC?

GELEX ELECTRICITY JSC’s stock symbol is GEE

Where is the location of GELEX ELECTRICITY JSC?

GELEX ELECTRICITY JSC is located at No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam

What is GELEX ELECTRICITY JSC’s business registration?

GELEX ELECTRICITY JSC business registration is 0107547109

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