HOA PHAT REFRIGERATION ENGINEERING CO., LTD

HOA PHAT REFRIGERATION ENGINEERING CO., LTD (CÔNG TY TNHH ĐIỆN LẠNH HOÀ PHÁT)operates as one of the long-established and strategically essential companies within the Hòa Phát ecosystem, specializing in the manufacture of refrigeration products and household appliances. With Business ID 0900187865 and a head office located in Pho Noi A Industrial Park, Nguyen Van Linh Commune, Hung Yen Province, the company has been active since 04 July 2001, accumulating more than twenty-four years of operational experience and nationwide distribution capability.

Backed by HOA PHAT HOME APPLIANCES JOINT STOCK COMPANY, which holds 99.9 percent ownership, the company benefits from strong corporate support, capital stability, and brand presence in Vietnam’s consumer-durables market. Its management team is led by Van T. L., Director, and supported by two Vice Directors, Nguyen T. T. and Nguyen T. N. A., all of whom have long-standing experience in engineering and domestic-appliance manufacturing.

In recent years, the company has shown both scale expansion and significant efficiency improvements. Total assets reached USD 38.82 million in 2023, marking steady growth, while owner’s equity rose sharply to USD 16.93 million, a thirty-two percent increase compared with 2022. Revenue performance is a clear highlight: sales climbed to USD 98.38 million, up nearly seventeen percent year-on-year, demonstrating the resilience of consumer demand for cooling, refrigeration, and household equipment. Profitability also rebounded strongly in 2023, with profit after tax rising to USD 4.46 million, reversing the 2022 performance dip and indicating healthier operational control and improved cost allocation.

From a credit-risk perspective, HOA PHAT REFRIGERATION ENGINEERING CO., LTD maintains a solid position. Working capital reached USD 13.84 million, a substantial forty-six percent increase from 2022, signaling strong short-term liquidity. The company carries no unusual financial leverage, and its cash flow remains aligned with its mature operational model. Its nationwide footprint—including offices in Hanoi, Da Nang, and Ho Chi Minh City—strengthens market presence and reduces regional concentration risk, especially in the competitive home appliances sector.

With diversification into manufacturing, wholesale, retail, repair services, and leasing, the company continues to move toward a broader value chain model. For potential partners, suppliers, and investors, its financial stability and improving profitability position it as a dependable counterpart within the domestic manufacturing landscape.

For deeper insights into financial trends, risk indicators, payment behavior, and the latest developments beyond 2023, readers are encouraged to obtain the updated and expanded company report on VNBIS, which includes fresh financials, risk scoring, litigation screening, and credit-limit recommendations.