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HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

Active

Business ID 2400120344

84-204 / 3854538 / 38355981

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

Active

Business ID 2400120344

84-204 / 3854538 / 38355981

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

Active

Summary

Name:

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

Business ID (TIN):

2400120344

Date of Registration:

21 Dec 2006

Registered Office:

Bac Giang Department of Planning and Investment

Ticker:

DHB

Address:

Tran Nguyen Han Street, Tho Xuong Ward, Bac Giang City, Bac Giang Province, Vietnam

Phone:

84-204 / 3854538 / 38355981

Fax:

(84-204) 3855018

Financial Statement:

2020, 2021, 2022, 2023, 2024

Nestled in the northern province of Bac Giang, HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY—known locally as Công ty Cổ phần Phân đạm và Hóa chất Hà Bắc or simply Đạm Hà Bắc—carries the legacy of one of Vietnam’s earliest state-backed fertilizer plants. With over 18 years of incorporation as a joint stock company and deep historical roots that trace back to Vietnam’s early industrialization period, Đạm Hà Bắc remains a major name in the country’s agrochemical supply chain.

Headquartered on Tran Nguyen Han Street, Tho Xuong Ward, Bac Giang City, the company operates with Business ID 2400120344, and its stock, DHB, is traded on the UPCoM exchange. With 1,200 employees and a paid-up capital exceeding USD 111 million, the company remains a formidable force in the urea and nitrogen fertilizer segment, though signs of fatigue have begun to emerge.

In 2024, total revenue slightly edged up to USD 182.39 million, marking a 0.59% year-over-year increase, but the company's profit collapsed to just USD 281,230, a staggering 99.2% decline from the previous year. This steep drop follows a broader trend of weakening profitability that has plagued the company since 2022, when it posted over USD 73 million in earnings. Meanwhile, total assets have continued to shrink, falling to USD 256.67 million, down from USD 311 million just two years earlier.

Despite these headwinds, owner’s equity has stabilized, standing at USD 25.41 million, a modest 1.12% year-over-year increase. That turnaround follows a massive recapitalization in 2023, when the company reversed a negative equity position. However, working capital has also declined by over 8%, raising concerns about liquidity and operational flexibility, especially in an industry vulnerable to commodity pricing shocks and environmental regulation shifts.

The company’s core offerings include urea and NPK fertilizers, liquid and solid CO₂, liquid ammonia (NH₃), and a range of industrial gases. It also holds business licenses in chemical production, electric power generation, machining, construction, freight, and wholesale trade, indicating broad diversification—but perhaps also strategic dilution.

Majority-owned by VIETNAM NATIONAL CHEMICAL GROUP (Vinachem) with a 97.66% stake, Đạm Hà Bắc is effectively an arm of the state’s industrial portfolio. While this backing ensures financial anchoring and national importance, it also means operational agility can be limited, particularly in adapting to competitive private-sector dynamics.

For financial institutions, trade partners, and suppliers, Business Verification Services and Private Financial Dataaccess are essential to track the company’s evolving risk profile. As performance pressures mount and debt servicing capacity remains uncertain, external stakeholders must turn to Risk Management Services for scenario modeling, and regularly consult the Vietnam Litigation Report to stay informed of potential legal or contractual disputes.

As one of the oldest fertilizer producers in Vietnam, Đạm Hà Bắc is a symbol of industrial continuity—but its future will depend on whether it can evolve from legacy structure to leaner, more market-responsive operations. The time for strategic reinvention is now.

Legal Profile

English Name:

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN PHÂN ĐẠM VÀ HÓA CHẤT HÀ BẮC

Short Name:

DAM HA BAC

Business ID (TIN):

2400120344

Date of Registration:

21 Dec 2006

Registered Office:

Bac Giang Department of Planning and Investment

Ticker:

DHB

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN V.T

+ NGUYEN V.D

+ NGUYEN D.H

+ PHAM V.T

+ LE A.T

Address:

Tran Nguyen Han Street, Tho Xuong Ward, Bac Giang City, Bac Giang Province, Vietnam

Phone:

84-204 / 3854538 / 38355981

Fax:

(84-204) 3855018

Business Sector

Key business lines:

VSIC:

2012 Manufacture of fertilizers and nitrogen compounds

NACE:

20.15 Manufacture of fertilisers and nitrogen compounds

Industry Sales Growth

CAGR (2019 - 2023)

9.05%

YoY (2023)

-18.11%

Companies by industry

Company distribution and propportions

2,231

0.0767%

Key Industry Players

Top 10 companies in manufacture of fertilizers and nitrogen compounds industry

baconco co.,ltd agricultural products and materials joint stock company ha bac nitrogenous fertilizer & chemicals joint stock company lam thao fertilizers and chemicals joint stock company petrovietnam fertilizer and chemicals corporation bình điền fertilizer joint stock company dap - vinachem joint stock company petrovietnam ca mau fertilizer joint stock company ninh binh nitrogenous fertilizer ltd.company dap2 – vinachem joint stock company

Payment History

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Financial Performance

Assets	-74.59%
Owner’s Equity	12.60%
Working Capital	35.18%
Net Worth	98.52%
Sales	54.56%
Operating income	-45.12%
EBIT	-60.44%
Gross Profit Margin	76.70%
Debt to EBITDA	46.87%

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Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About HA BAC NITROGENOUS FERTILIZER & CHEMICALS JOINT STOCK COMPANY

When did HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC start operating?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC was started in 21 Dec 2006

What industry does HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC operate in?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC is operating in "Manufacture of fertilizers and nitrogen compounds" industry

How can I contact HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC phone numbers is 84-204 / 3854538 / 38355981

What adverse news is there about HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC’s has 1 bad news

What is stock symbol of HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC’s stock symbol is DHB

Where is the location of HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC is located at Tran Nguyen Han Street, Tho Xuong Ward, Bac Giang City, Bac Giang Province, Vietnam

What is HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC’s business registration?

HA BAC NITROGENOUS FERTILIZER & CHEMICALS JSC business registration is 2400120344

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