HANOI PLASTICS JOINT STOCK COMPANY

HANOI PLASTICS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NHỰA HÀ NỘI) is a publicly held manufacturing enterprise operating in Vietnam’s industrial plastics and supporting manufacturing sector. Established on 31 October 2008, HANOI PLASTICS JOINT STOCK COMPANY has developed into one of the larger domestic plastic manufacturers, with operations spanning automotive components, industrial molds, household appliances, and construction-related plastic products.

Legal Status and Corporate Profile

HANOI PLASTICS JOINT STOCK COMPANY is registered under Business ID and Tax Identification Number 0100100858 with the Ha Noi City Department of Finance. The company’s head office is located at Group 12, Phuc Loi Ward, Ha Noi City, Vietnam. As an active joint-stock company, it is listed on the Ho Chi Minh Stock Exchange under the stock symbol NHH, reflecting its status as a publicly held enterprise.

The company has a registered charter capital of USD 46.41 million, while paid-up capital stood at approximately USD 29.94 million as of the latest disclosure. With a workforce of more than 1,800, the company maintains a sizeable manufacturing base and production capacity in Northern Vietnam.

Core Operations and Business Scope

The principal activity of HANOI PLASTICS JOINT STOCK COMPANY is the manufacture of plastic products, particularly industrial plastic components used in automobiles, motorcycles, electronic devices, construction accessories, and household appliances. Beyond plastics, the company’s registered activities extend into metal casting, machining, tooling, industrial hardware, electronic components, and specialized design services.

This broad operational scope positions the company as a multi-disciplinary manufacturer capable of serving both domestic and export-oriented supply chains. Its integrated capabilities in plastics, metal processing, and industrial assembly support diversification and reduce reliance on a single product category.

Management Structure

The company is governed by a management team led by its Chairman, Mr. PHAM D. H. C., and an executive leadership structure comprising a General Director and a Deputy General Director. The governance framework reflects the typical structure of a listed Vietnamese manufacturing company, with a separation between ownership representation and day-to-day executive management.

Shareholding Structure

HANOI PLASTICS JOINT STOCK COMPANY has a relatively concentrated ownership profile. The largest shareholder is An Phat Bioplastics Joint Stock Company, holding a controlling stake of 68.6%. The remaining shares are distributed among other shareholders, including individual investors. This ownership structure indicates strategic influence from a significant industrial shareholder, while still maintaining public float and market transparency requirements.

Financial Performance and Trends

Financially, HANOI PLASTICS JOINT STOCK COMPANY shows signs of balance-sheet consolidation. Total assets declined over the recent periods, reflecting either asset optimization or reduced capital intensity. Despite this contraction, sales revenue recovered modestly, indicating stable demand for the company’s manufactured products.

Profitability remained positive, though net profit declined compared to earlier periods, suggesting margin pressure from input costs, pricing competition, or operational expenses. Equity levels remained largely stable, highlighting capital resilience and limited erosion of shareholder value. Notably, working capital improved significantly, pointing to better short-term liquidity management and operational discipline.

Overall, the company demonstrates a profile of cautious financial management amid fluctuating industrial demand and cost pressures.

Business Outlook and Risk Considerations

As a manufacturer deeply embedded in industrial supply chains, HANOI PLASTICS JOINT STOCK COMPANY is exposed to raw material price volatility, especially petrochemical inputs, as well as demand cycles in the automotive and construction sectors. However, its diversified production base, large-scale operations, and backing from a strategic shareholder provide structural resilience.

For investors, lenders, suppliers, and commercial partners, ongoing assessment of cash flow stability, cost control, and shareholder dynamics remains essential. An up-to-date company report provides critical insights into financial strength, ownership influence, and operational sustainability.