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HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

Active

Business ID 0900629369

84-221 / 3942 884 / 3942 769

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

Active

Business ID 0900629369

84-221 / 3942 884 / 3942 769

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

Active

Summary

Name:

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

Business ID (TIN):

0900629369

Date of Registration:

24 Nov 2010

Registered Office:

Hung Yen Province Department of Planning and Investment

Address:

Pho Noi A Industrial Park, Nguyen Van Linh Commune, Yen My District, Hung Yen Province, Vietnam

Phone:

84-221 / 3942 884 / 3942 769

Financial Statement:

2020, 2021, 2022, 2023, 2024

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY (CÔNG TY TNHH THÉP HÒA PHÁT HƯNG YÊN) is a privately held steel manufacturer and a key subsidiary of Hoa Phat Iron and Steel Joint Stock Company. Founded in 2010, the company is headquartered in Pho Noi A Industrial Park, Hung Yen Province, Vietnam, and plays a crucial role in the domestic steel production industry. With operations spanning multiple provinces, including Hanoi, Da Nang, and Binh Duong, the company has positioned itself as a major supplier of construction steel across Vietnam.

Operations and Market Position

As one of the leading steel manufacturers in Vietnam, HOA PHAT HUNG YEN STEEL CO., LTD focuses on the production of construction steel, iron, and cast iron products. The company operates modern manufacturing facilities, utilizing advanced production techniques to meet growing market demand. Its business also extends into the wholesale of construction materials, metal ores, and warehousing services, providing a comprehensive supply chain for the steel industry.

Despite its strong market position, the company faces significant challenges. The Vietnamese steel industry has been highly competitive, with fluctuating demand, rising raw material costs, and regulatory pressures. These factors have put profitability under pressure, as evidenced by the company's declining net profits in recent years.

Financial Performance

The company has maintained substantial financial strength, with total assets surpassing previous years. However, sales revenue in 2023 showed a notable decline, reflecting a contraction in market demand. While equity levels increased, profits fell by nearly 16%, signaling a tighter margin environment and rising operational costs. The balance sheet remains stable, but the decline in revenue highlights potential weaknesses in long-term growth sustainability.

Strengths and Competitive Advantages

Strong Market Presence – As a subsidiary of Hoa Phat Iron and Steel Joint Stock Company, the firm benefits from the brand’s extensive distribution network and reputation.
Diverse Operations – Beyond steel production, the company engages in wholesale distribution, iron ore mining, and transportation, ensuring a broad business reach.
Strategic Locations – With branches in key industrial zones, the company maintains logistical advantages for nationwide distribution.
Consistent Asset Growth – Despite revenue declines, total assets and equity have remained on an upward trend, showing continued investment in infrastructure and production.

Challenges and Weaknesses

Declining Revenue and Profitability – The steel market downturn and rising material costs have directly impacted the company’s earnings, creating financial strain despite asset growth.
Industry Volatility – The steel sector is heavily dependent on economic cycles, with fluctuating demand from the construction and industrial sectors affecting stability.
Regulatory and Environmental Pressures – As a high-emission industry, steel manufacturing faces increasing government regulations on environmental sustainability, adding compliance costs.
Market Competition – With growing competition from domestic and international steel manufacturers, pricing pressure is mounting, challenging the company’s profit margins.

Role of Business Verification Services

In the steel industry, transparency in financial health and operational integrity is crucial for stakeholders. VANGUARD BUSINESS INFORMATION LLC (VBI) provides business verification services to assess the financial credibility of steel manufacturers like HOA PHAT HUNG YEN STEEL CO., LTD. Investors, suppliers, and partners can rely on VBI’s private financial data insights to mitigate risks and ensure compliance in business dealings. The firm’s expertise in risk management further supports strategic decision-making for businesses operating in volatile sectors like steel.

Future Outlook

Looking ahead, HOA PHAT HUNG YEN STEEL CO., LTD must navigate a challenging economic landscape. With rising operational costs, competitive market pressures, and environmental regulations, the company will need to focus on cost efficiency, technological advancements, and sustainability efforts. Expanding exports or diversifying its product portfolio could help counterbalance domestic market fluctuations and sustain long-term growth.

Conclusion

HOA PHAT HUNG YEN STEEL CO., LTD remains a key player in Vietnam’s steel industry, backed by strong parent company support and an established market presence. However, declining revenues, profit pressures, and industry challenges demand proactive strategies for maintaining competitiveness. The company must enhance operational efficiency and market adaptability to secure its position in an evolving economic environment.

Legal Profile

English Name:

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

Vietnamese Name:

CÔNG TY TNHH THÉP HÒA PHÁT HƯNG YÊN

Short Name:

HOA PHAT HUNG YEN STEEL CO., LTD

Business ID (TIN):

0900629369

Date of Registration:

24 Nov 2010

Registered Office:

Hung Yen Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

KIEU C.C

Address:

Pho Noi A Industrial Park, Nguyen Van Linh Commune, Yen My District, Hung Yen Province, Vietnam

Phone:

84-221 / 3942 884 / 3942 769

Representative office:

No. 66, Nguyen Du Street, Cua Nam Ward, Ha Noi City, Vietnam

Branch:

Lot B, Thong Nhat Avenue, Song Than 2 Industrial Park, Di An Ward, Ho Chi Minh City, Vietnam

Representative office:

No. 22, Vo Van Kiet Street, Ben Thanh Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2410 Manufacture of iron, steel and cast iron

NACE:

24.10 Manufacture of basic iron and steel and of ferro-alloys

NAICS:

3311 Iron and Steel Mills and Ferroalloy Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

4.05%

YoY (2023)

-9.69%

Companies by industry

Company distribution and propportions

1,726

0.0594%

Key Industry Players

Top 10 companies in manufacture of iron, steel and cast iron industry

viet nam steel corporation hoa sen group vas group nghi son joint stock company formosa ha tinh steel corporation smc trading investment joint stock company hoa phat group joint stock company hoa phat hai duong steel joint stock company nam kim steel joint stock company hoa phat hung yen steel limited liability company hoa phat dung quat steel joint stock company

Payment History

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Financial Performance

Assets	-18.57%
Owner’s Equity	-8.46%
Working Capital	-44.18%
Net Worth	87.08%
Sales	25.05%
Operating income	71.10%
EBIT	-58.07%
Gross Profit Margin	-51.67%
Debt to EBITDA	25.34%

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Negative Payment Records

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY

When did HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY start operating?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY was started in 24 Nov 2010

What industry does HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY operate in?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY is operating in "Manufacture of iron, steel and cast iron" industry

How can I contact HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY phone numbers is 84-221 / 3942 884 / 3942 769

What adverse news is there about HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY’s has 1 bad news

What is stock symbol of HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY is not listed company

Where is the location of HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY is located at Pho Noi A Industrial Park, Nguyen Van Linh Commune, Yen My District, Hung Yen Province, Vietnam

What is HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY’s business registration?

HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY business registration is 0900629369

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HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY