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HAI MINH TEXTILE JOINT STOCK COMPANY

Active

Business ID 0600977710

+84 912352322

HAI MINH TEXTILE JOINT STOCK COMPANY

Active

Business ID 0600977710

+84 912352322

HAI MINH TEXTILE JOINT STOCK COMPANY

Active

Summary

Name:

HAI MINH TEXTILE JOINT STOCK COMPANY

Business ID (TIN):

0600977710

Date of Registration:

27 Dec 2012

Registered Office:

Nam Dinh Province Department of Planning and Investment

Address:

Bao Minh Industrial Park, Lien Minh Commune, Vu Ban District, Nam Dinh Province, Vietnam

Phone:

+84 912352322

Fax:

(84-228) 3989 456

Financial Statement:

2020, 2021, 2022, 2023, 2024

HAI MINH TEXTILE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DỆT NHUỘM HẢI MINH) is a foreign-invested enterprise (FDI) operating in Vietnam’s textile manufacturing sector. Officially established in December 2012, the company is based in Bảo Minh Industrial Park, Nam Định Province, and specializes in the production of knitted and woven fabrics, textile finishing, and fiber spinning. With a labor force of over 2,100 employees and registered capital of USD 36.27 million, the company has established itself as a large-scale industrial player in Vietnam’s garment supply chain.

The company operates under Business ID 0600977710 and is backed by international shareholders, including Sunrise (Shengzhou) Knits Co., Ltd from China (holding 67.89%), Smart Shirts Ltd from Hong Kong (29.25%), and Smart Shirts Knits Limited (2.85%). Its General Director, Mr. Cai Guoqiang, is of Chinese nationality, indicating direct operational and strategic influence from foreign investors.

Financially, HAI MINH TEXTILE JSC reported total revenue of USD 175.47 million in 2023, a decline of 11.94% compared to 2022. Despite this, the company maintained its profitability, earning USD 4.97 million in net income, a modest 8.15% increase over the prior year. Owner’s equity rose steadily to USD 47.68 million, reflecting sustained capital strength and earnings retention. Total assets increased by 10.22% to USD 130.36 million, indicating a healthy balance sheet expansion. However, the company’s negative working capital of USD -29.58 million highlights a liquidity risk that may impact short-term solvency.

The decline in sales, paired with continued profitability, suggests a degree of operational efficiency or cost control; however, the liquidity situation should be closely monitored. From a Credit Risk Monitoring and Business Verification Services perspective, HAI MINH TEXTILE JSC presents a solid financial foundation but faces short-term financial pressure that could impact creditor relations and operational flexibility.

For partners or suppliers, VANGUARD BUSINESS INFORMATION LLC recommends enhanced scrutiny through Private Financial Data reviews and Vietnam Litigation Reports, especially when engaging in transactions involving credit terms. The company’s foreign ownership structure, growing asset base, and export-oriented operationsposition it as a key player in Vietnam’s textile manufacturing base, but its financial data also highlight the importance of proactive Risk Management Services.

In conclusion, HAI MINH TEXTILE JOINT STOCK COMPANY is a credible, large-scale textile manufacturer with international backing and operational resilience. However, stakeholders should be cautious of its tight liquidity and ensure due diligence procedures are in place, particularly in contracts or procurement relationships involving deferred payments.

Legal Profile

English Name:

HAI MINH TEXTILE JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN DỆT NHUỘM HẢI MINH

Short Name:

HMT.,JSC

Business ID (TIN):

0600977710

Date of Registration:

27 Dec 2012

Registered Office:

Nam Dinh Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

CAI G

Address:

Bao Minh Industrial Park, Lien Minh Commune, Vu Ban District, Nam Dinh Province, Vietnam

Phone:

+84 912352322

Fax:

(84-228) 3989 456

Branch:

Land Plot No. 361, Map Sheet No. 6, Quy Ninh Industrial Cluster, An Qui Commune, Quynh Phu District, Thai Binh Province, Vietnam

Business Sector

Key business lines:

VSIC:

1311 Spinning of textile fibres

NACE:

13.10 Preparation and spinning of textile fibres

Industry Sales Growth

CAGR (2019 - 2023)

2.75%

YoY (2023)

-7.45%

Companies by industry

Company distribution and propportions

1,268

0.0436%

Key Industry Players

Top 10 companies in spinning of textile fibres industry

formosa industries corporation hs hyosung viet nam company limited coats phong phu limited liability company renze textile joint stock company brotex (vietnam) co., ltd yinlong technology company limited hyosung dong nai company limited galaxy technology company limited far eastern polytex (viet nam) limited shundao (vietnam) industrial company limited

Payment History

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Financial Performance

Assets	73.58%
Owner’s Equity	5.68%
Working Capital	-2.64%
Net Worth	-56.94%
Sales	28.49%
Operating income	36.35%
EBIT	98.13%
Gross Profit Margin	-17.31%
Debt to EBITDA	2.70%

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About HAI MINH TEXTILE JOINT STOCK COMPANY

When did HAI MINH TEXTILE JSC start operating?

HAI MINH TEXTILE JSC was started in 27 Dec 2012

What industry does HAI MINH TEXTILE JSC operate in?

HAI MINH TEXTILE JSC is operating in "Spinning of textile fibres" industry

How can I contact HAI MINH TEXTILE JSC?

HAI MINH TEXTILE JSC phone numbers is +84 912352322

What adverse news is there about HAI MINH TEXTILE JSC?

HAI MINH TEXTILE JSC’s has no negative news

What is stock symbol of HAI MINH TEXTILE JSC?

HAI MINH TEXTILE JSC is not listed company

Where is the location of HAI MINH TEXTILE JSC?

HAI MINH TEXTILE JSC is located at Bao Minh Industrial Park, Lien Minh Commune, Vu Ban District, Nam Dinh Province, Vietnam

What is HAI MINH TEXTILE JSC’s business registration?

HAI MINH TEXTILE JSC business registration is 0600977710

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