HLS SERVICES AND TECHNOLOGY JOINT STOCK COMPANY

HLS SERVICES AND TECHNOLOGY JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CÔNG NGHỆ VÀ DỊCH VỤ HLS), registered under Business ID 0109437486, is a young logistics company based in Hanoi, Vietnam. Established in late 2020, the company operates in the transportation support service sector with a wide registration scope that includes warehousing, freight transport, cargo handling, and postal and courier activities. Despite being relatively new, HLS has experienced rapid expansion across several performance metrics, although some financial vulnerabilities are also evident.

With a modest charter capital of just over USD 410,000, HLS SERVICES AND TECHNOLOGY JOINT STOCK COMPANY has scaled its operations aggressively. As of 2023, the company reported total assets of USD 118.25 million, representing a 100.4% increase from the previous year. Revenue also doubled to USD 281.27 million, following similar exponential growth in prior years. Such growth figures reflect high operational activity and expanding market reach. However, the speed of this scale-up deserves closer scrutiny, especially as the company is working from a very low capital base.

Profit in 2023 was recorded at USD 551,161, up 59% year-over-year. While the direction is positive, it remains relatively small compared to the company's revenue size, suggesting low margins or high reinvestment. More concerning is the 12.33% decline in equity, which dropped to just under USD 800,000. This indicates the company may be relying heavily on short-term liabilities or external financing to fuel its growth. Working capital stands at USD 638,004, showing that while the business can meet immediate obligations, its cushion remains thin given the scale of its operations.

Ownership is split among three Vietnamese individuals: TRAN THI THANH XUAN and TRINH THANH THAO, each holding 35%, and DUONG THANH TRUNG with 30%. The General Director, Mr. LE VAN KHAI, is responsible for overseeing the company’s operations and strategic direction.

From a business operations standpoint, HLS SERVICES AND TECHNOLOGY JOINT STOCK COMPANY is clearly ambitious, registering for a broad spectrum of logistics services including rail, sea, inland waterways, and land transportation. While this diversification can be a strength, it also requires disciplined management and significant capital to execute effectively, especially in infrastructure-heavy sectors.

In short, this is a high-growth company operating in a competitive industry, but with a capital base that may not yet match its ambition. The discrepancy between rapid revenue growth and modest equity, along with declining equity values, makes HLS a company to monitor closely. For lenders, partners, and investors, it is advisable to obtain a full Company Report, backed by real-time Vietnam Financial Data and Risk Management Services, before making strategic decisions. VANGUARD BUSINESS INFORMATION LLC (VBI) provides essential Business Verification Servicesthat can help stakeholders determine whether the company’s growth is being matched with sustainable financial management.