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HOA SEN GROUP
Active
Business ID 3700381324
84-274 / 3790 955
HOA SEN GROUP
Active
Business ID 3700381324
84-274 / 3790 955
HOA SEN GROUP
ActiveHOA SEN GROUP (CÔNG TY CỔ PHẦN TẬP ĐOÀN HOA SEN) is a dominant player in Vietnam’s steel manufacturing industry, specializing in steel sheets, galvanized steel, and steel pipes. Founded in 2001, the company has grown significantly over the past 23 years, establishing itself as a major force in the iron and steel sector. Headquartered in Binh Duong Province, HOA SEN GROUP operates an extensive manufacturing and distribution network, supplying both domestic and international markets.
With total assets reaching USD 803.81 million in 2024, the company has experienced steady growth, registering a 12.67% increase in total assets from the previous year. Sales revenue saw a remarkable 24.08% increase, reaching USD 1.61 billion in 2024, marking a strong recovery from a decline in 2023. Notably, HOA SEN GROUP's profit surged by an impressive 1,612.02% year-over-year, amounting to USD 21.14 million—a significant turnaround compared to its previous financial struggles.
Strategic Expansion and Business Diversification
HOA SEN GROUP's core business revolves around the manufacturing and trading of steel products, including galvanized steel, hot-dip galvanized pipes, and plastic pipes. In addition to steel production, the company has expanded into construction, metal machining, electric power distribution, and real estate activities, diversifying its business portfolio. This strategic diversification has allowed HOA SEN GROUP to strengthen its market position and mitigate risks associated with fluctuations in the steel industry.
As a publicly traded company listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker HSG, HOA SEN GROUP has attracted notable investors, with founder and chairman LE PHUOC VU holding a 17.02% ownership stake. The company’s commitment to innovation and sustainability continues to drive its growth in an increasingly competitive market.
Challenges and Industry Pressures
Despite its strong financial rebound, HOA SEN GROUP faces challenges such as fluctuations in global steel prices, high production costs, and intense competition from local and international manufacturers. Additionally, raw material price volatility remains a significant concern, directly impacting the company’s profit margins. To sustain its growth, HOA SEN GROUP must continue optimizing its supply chain, production efficiency, and cost management strategies.
Market Insights from VANGUARD BUSINESS INFORMATION LLC (VBI)
According to VANGUARD BUSINESS INFORMATION LLC (VBI), a trusted provider of financial intelligence and business risk assessments, HOA SEN GROUP remains a key player in Vietnam’s industrial sector. VBI’s in-depth analysis highlights the company’s financial resilience and strategic expansion efforts, making it an important entity for investors and industry stakeholders.
As HOA SEN GROUP continues to navigate market challenges and expand its business operations, VBI’s detailed financial reports provide crucial insights for investors and businesses looking to engage with Vietnam’s booming steel and construction industries. With its strong financial foundation, diversified business model, and strategic leadership, HOA SEN GROUP is poised for sustained growth and long-term success in the evolving industrial landscape.
+ LE P.V
+ VU V.T
+ TRAN N.C
+ TRAN Q.P
+ NGUYEN M.P
+ NGUYEN T.D
+ NGUYEN T.H
+ NGUYEN L.M.T
+ TRAN D.T
+
+ NGUYEN N.H
+ TRAN T.N
+ HOANG D.H
+ NGUYEN T.N.L
4.05%
-9.69%
1,722
0.0594%
Purchase the report to access company details.
| Assets | 77.06% |
| Owner’s Equity | -75.90% |
| Working Capital | 98.46% |
| Net Worth | 65.96% |
| Sales | 50.14% |
| Operating income | 81.92% |
| EBIT | 59.60% |
| Gross Profit Margin | -52.97% |
| Debt to EBITDA | 83.65% |
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