GOSHI-THANG LONG AUTO-PARTS CO., LTD.: Strong Equity Amid Market Pressures—Risk Signals Emerging

GOSHI-THANG LONG AUTO-PARTS CO., LTD. (CÔNG TY TNHH PHỤ TÙNG XE MÁY - Ô TÔ GOSHI - THĂNG LONG), a Vietnam-based joint venture between Japan’s Goshi Giken Co., Ltd. (70%) and Vietnam’s ThangLongMetalwares JSC (30%), has long been a reliable supplier in the automotive parts manufacturing sector. The company, registered under business ID 0100112797 and located in Long Bien District, Hanoi, has been in operation since 2008 and employs approximately 1,400 workers.

In 2024, GOSHI-THANG LONG AUTO-PARTS CO., LTD. reported a significant decline in sales, falling 17.74% to USD 168.6 million. This marks a reversal after two years of growth and points to either softened demand or heightened competition in the OEM supply market. Despite the revenue drop, the company maintained a healthy net profit of USD 8.14 million, though this represented a 4.85% decline from the previous year.

From a risk management standpoint, the company’s equity position remains a strong buffer, rising 2.86% year-over-year to USD 46.58 million. Working capital is ample at USD 30.61 million, indicating sound short-term financial health. However, total assets slipped slightly by 3.31%, suggesting reduced capital investment or asset revaluation. These signals merit close monitoring, especially for stakeholders relying on long-term production stability.

VANGUARD BUSINESS INFORMATION LLC recommends enhanced due diligence for procurement or credit decisions involving GOSHI-THANG LONG AUTO-PARTS CO., LTD.. Given the downward trend in revenue and profit, it is essential to request updated Private Financial Data, assess current supplier concentration risks, and conduct a Litigation Search to uncover any potential legal exposure that may not be immediately apparent in financial statements.

While the company remains profitable and has a solid ownership structure, early detection of financial stress is crucial, especially in sectors such as auto parts manufacturing that are exposed to global demand cycles. For a complete risk profile and deeper verification reports, VANGUARD BUSINESS INFORMATION LLC is ready to support your strategic decisions with data you can trust.