GIA LAI LIVESTOCK JOINT STOCK COMPANY

GIA LAI LIVESTOCK JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN CHĂN NUÔI GIA LAI) is a privately held joint stock company operating in Vietnam’s agricultural and livestock sector, with a core focus on cattle breeding and beef production in the Central Highlands. The company has demonstrated a notable financial turnaround in 2024, marked by sharp profit recovery and substantial equity expansion.

Legal Status and Corporate Profile

• English name: GIA LAI LIVESTOCK JOINT STOCK COMPANY

• Vietnamese name: CÔNG TY CỔ PHẦN CHĂN NUÔI GIA LAI

• Short name: CNGL

• Business ID / TIN: 5900988952

• Legal form: Joint stock company

• Registration date: 03 June 2014

• Place of registration: Gia Lai Department of Planning and Investment

• Operational status: Active

• Business duration: Over 11 years

Head office address:
8th Floor, No. 15 Truong Chinh Street, Phu Dong Ward, Pleiku City, Gia Lai Province, Vietnam

The company primarily raises buffaloes and cows and breeds them, while also maintaining a diversified set of registered activities spanning meat processing, animal feed manufacturing, agricultural wholesale, and logistics.

Management and Key Personnel

The company’s management structure reflects a lean but centralized governance model:

• Director: Nguyen N. M.

• Chief Accountant: Tran Q. D.

This structure suggests that strategic decision-making and financial control remain closely held, which is common among privately owned agricultural enterprises in Vietnam’s high-capital farming segments.

Financial Performance and Credit-Relevant Insights

From a financial perspective, 2024 marks a decisive recovery year for Gia Lai Livestock Joint Stock Company.

• Total assets: USD 176.35 million (▲ 25.39% YoY)

• Owner’s equity: USD 95.67 million (▲ 132.84% YoY)

• Net worth: USD 95.66 million, closely aligned with equity, indicating a clean capital structure

• Sales: USD 69.96 million (▲ 1.5% YoY – relatively stable)

• Profit: USD 15.55 million (▲ 944.69% YoY)

• Working capital: USD 11.02 million (▲ 69.31% YoY)

The most critical development is the dramatic profit rebound in 2024, following a weak 2023. Despite only marginal sales growth, profitability surged, implying:

• Improved cost control,

• Better herd productivity or pricing conditions,

• Or normalization after cyclical volatility in livestock markets.

Equity growth significantly outpaced asset growth, signaling retained earnings rather than leverage-driven expansion. This strengthens the company’s solvency profile and reduces long-term financial risk.

However, revenue volatility over the 2022–2024 period indicates that earnings remain highly sensitive to market cycles, feed costs, and livestock pricing—an inherent structural risk in large-scale cattle operations.

Overall Assessment

Gia Lai Livestock Joint Stock Company stands out as a capital-intensive but financially resilient agribusiness. The sharp recovery in profitability and strong equity base position the company to withstand sector volatility, while its diversified business registrations provide optionality for downstream integration.

From a credit-risk and business-intelligence perspective, the company is best characterized as:

• Operationally stable,

• Financially strengthening,

• But still exposed to cyclical agricultural risks typical of the livestock industry.

For lenders, partners, or counterparties seeking exposure to Vietnam’s cattle and beef value chain, Gia Lai Livestock Joint Stock Company represents a material-scale operator with improving financial fundamentals.