HAID FEED COMPANY LIMITED

From a financial expert’s standpoint, HAID FEED COMPANY LIMITED (Công ty TNHH Haid Feed) presents a case of stable growth and operational efficiency within Vietnam’s animal feed industry. As a wholly foreign-owned enterprise backed by Hong Kong Longreat Trading Co., Limited, the company has shown resilience and steady financial advancement since its founding in 2015.

In 2023, the company recorded USD 107.17 million in sales, reflecting a modest but healthy growth of 4.61% over the previous year. What’s more compelling, however, is the sharp improvement in profitability—net profit reached USD 8.21 million, a 26.72% year-over-year increase. This growth, while not aggressive, signals disciplined cost control and a clear focus on high-margin operations in a competitive market.

Total assets rose significantly by 29.42% to USD 30.1 million, reversing the previous year's contraction and suggesting renewed investment or expansion. Equity grew to USD 20.99 million, up 12.82%, reinforcing the company’s capital strength and long-term solvency.

Notably, profit margins remain strong relative to the company’s asset base, and working capital sits at USD 12.71 million, offering comfortable liquidity. With a lean structure of around 200 employees, HAID FEED COMPANY LIMITED appears to be leveraging both capital and labor effectively, making it a financially sound player in the animal feed sector. Though sales growth has slowed compared to prior years, the company’s trajectory remains upward and sustainable.