HITRON TECHNOLOGIES VIET NAM COMPANY LIMITED

HITRON TECHNOLOGIES VIET NAM COMPANY LIMITED (CÔNG TY TNHH CÔNG NGHỆ HITRON VIỆT NAM) is a foreign direct investment (FDI) enterprise operating as a one-member limited liability company in Hai Phong, Vietnam. Officially registered on May 24, 2019, with business ID and tax code 0201966435, the company is headquartered at No. 15, Road 17, VSIP Hai Phong Township, Industrial and Service Park, Thuy Trieu Commune, Thuy Nguyen City, Hai Phong City, Vietnam. The firm specializes in manufacturing communication equipment and electronic components.

The company’s chairman, Mr. Chiu Pei-Shun, a Taiwanese national, leads a workforce of approximately 1,000 employees. Backed entirely by HITRON TECHNOLOGIES INC. of Taiwan, the firm has shown significant operational capacity with a charter capital equivalent to over USD 52.5 million.

In terms of financial performance, HITRON TECHNOLOGIES VIET NAM COMPANY LIMITED had a turbulent year in 2023. Despite its strong capital base and growth in equity—rising 19.56% from USD 77.25 million in 2022 to USD 92.36 million in 2023—the company experienced a major contraction in both revenue and profit. Total sales fell sharply by 35.65%, dropping from USD 322.03 million in 2022 to USD 207.23 million in 2023. Even more concerning is the 44.91% decline in net profit, from USD 22.93 million to just USD 12.63 million during the same period.

Asset levels also declined by 24.75%, from a peak of USD 192.56 million in 2022 to USD 144.91 million in 2023. Nevertheless, the company maintained strong working capital at USD 61.26 million and a healthy net worth of USD 91.92 million, indicating solid liquidity and shareholder equity retention.

A critical takeaway from this financial performance is the company’s apparent overextension in 2022, which saw explosive growth—total assets jumped 63.91%, and profits soared over 460%. However, this pace appears unsustainable, as 2023 showed sharp corrections across key indicators. The drop in profitability and revenue may reflect either a demand contraction, supply chain disruptions, or price pressures in the global telecommunications equipment sector.

While HITRON TECHNOLOGIES VIET NAM COMPANY LIMITED retains a robust financial foundation and a strategic location in Vietnam’s manufacturing hub, the recent figures suggest a need for prudent risk management and cost control to weather market volatility. Investors and stakeholders should monitor how the company adjusts its strategy to regain momentum while safeguarding profitability.

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