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HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

Active

Business ID 0200412699

84-225 / 3837441

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

Active

Business ID 0200412699

84-225 / 3837441

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

Active

Summary

Name:

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

Business ID (TIN):

0200412699

Date of Registration:

25 Dec 2000

Registered Office:

Planning and Investment Department of Hai Phong City

Ticker:

PTS

Address:

No. 16 Ngo Quyen, May Chai Ward, Ngo Quyen District, Hai Phong City, Vietnam

Phone:

84-225 / 3837441

Fax:

(84-225) 3765194

Financial Statement:

2020, 2021, 2022, 2023, 2024

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VẬN TẢI VÀ DỊCH VỤ PETROLIMEX HẢI PHÒNG), known as PTS HAIPHONG, is a publicly held inland freight water transport company based in Hai Phong City, Vietnam. Established in 2000, the company has been operating for over 24 years, specializing in freight transportation via waterway networks, primarily serving industrial and commercial shipping needs.

The company’s headquarters is located at No. 16 Ngo Quyen, May Chai Ward, Ngo Quyen District, Hai Phong City, Vietnam. It is also publicly traded on the HNX stock exchange under the symbol PTS, with PETROLIMEX TANKER CORPORATION holding a majority stake.

Financial Performance and Market Trends

In 2023, HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANYexperienced a decline in total assets, revenue, and profit, signaling financial difficulties. Total assets dropped by 3.01%, and total sales fell by 9.85%, reflecting reduced demand for inland freight transport services.

The company’s profitability saw a severe decline of 87.95%, decreasing from USD 408,650 in 2022 to just USD 49,250 in 2023. This significant drop in net income suggests increased operational costs, reduced margins, or market challenges affecting its ability to maintain profitability. While equity declined by 4.62%, the company still maintains a net worth of USD 4.02 million, ensuring operational stability despite financial struggles.

Core Business Operations

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY primarily operates in inland freight water transport, facilitating cargo movement across Vietnam’s river and coastal shipping routes. As a key logistics provider, the company plays an important role in fuel, industrial materials, and general cargo transportation, working closely with its parent company, PETROLIMEX TANKER CORPORATION, which owns a controlling interest.

Despite its long-standing market presence, the company’s declining revenue and profitability indicate competitive pressures and potential inefficiencies in operations. The freight transportation sector in Vietnam remains highly competitive, requiring technological advancements and cost-cutting measures to maintain profitability.

Challenges and Market Position

While HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY has maintained consistent operations, its financial downturn poses risks for long-term sustainability. The sharp decline in profitability raises concerns about operational inefficiencies, market competition, and changing industry dynamics.

With its strategic location in Hai Phong, Vietnam’s key port city, the company still holds potential for recovery if it can adjust its business strategies to counter financial losses and market fluctuations.

Legal Profile

English Name:

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN VẬN TẢI VÀ DỊCH VỤ PETROLIMEX HẢI PHÒNG

Short Name:

PTS HAIPHONG

Business ID (TIN):

0200412699

Date of Registration:

25 Dec 2000

Registered Office:

Planning and Investment Department of Hai Phong City

Ticker:

PTS

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN V.H

+ NGUYEN T.T

Address:

No. 16 Ngo Quyen, May Chai Ward, Ngo Quyen District, Hai Phong City, Vietnam

Phone:

84-225 / 3837441

Fax:

(84-225) 3765194

Business Sector

Key business lines:

VSIC:

5022 Inland freight water transport

NACE:

50.40 Inland freight water transport

NAICS:

483211 Inland Water Freight Transportation

Industry Sales Growth

CAGR (2019 - 2023)

4.75%

YoY (2023)

-12.70%

Companies by industry

Company distribution and propportions

2,562

0.0881%

Key Industry Players

Top 10 companies in inland freight water transport industry

vinacomin - transport and coal trading joint stock company vinacomin waterway transport joint stock company vu dinh ninh binh co.,ltd xuan thuy joint stock investment and development company viet thuan transport company limited hai nam company limited thong nhat producing and trading co., ltd all marine company limited thinh an industry and trading joint stock company hai duong xnk joint stock company

Payment History

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Financial Performance

Assets	-14.23%
Owner’s Equity	70.08%
Working Capital	-69.88%
Net Worth	39.91%
Sales	54.13%
Operating income	-43.58%
EBIT	40.94%
Gross Profit Margin	53.22%
Debt to EBITDA	49.79%

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Owner's Equity

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EBT

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Management and Directors

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Negative Payment Records

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Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY

When did HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC start operating?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC was started in 25 Dec 2000

What industry does HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC operate in?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC is operating in "Inland freight water transport" industry

How can I contact HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC phone numbers is 84-225 / 3837441

What adverse news is there about HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC’s has no negative news

What is stock symbol of HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC’s stock symbol is PTS

Where is the location of HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC is located at No. 16 Ngo Quyen, May Chai Ward, Ngo Quyen District, Hai Phong City, Vietnam

What is HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC’s business registration?

HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JSC business registration is 0200412699

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HAI PHONG PETROLIMEX TRANSPORTATION AND SERVICES JOINT STOCK COMPANY