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HOANG LONG CEMENT JOINT STOCK COMPANY

Active

Business ID 0700222569

+84 986 818 283 / 977 888866

HOANG LONG CEMENT JOINT STOCK COMPANY

Active

Business ID 0700222569

+84 986 818 283 / 977 888866

HOANG LONG CEMENT JOINT STOCK COMPANY

Active

Summary

Name:

HOANG LONG CEMENT JOINT STOCK COMPANY

Business ID (TIN):

0700222569

Date of Registration:

26 Apr 2004

Registered Office:

Ha Nam Province Department of Planning and Investment

Address:

Bong Lang Village, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

Phone:

+84 986 818 283 / 977 888866

Financial Statement:

2020, 2021, 2022, 2023, 2024

HOANG LONG CEMENT JOINT STOCK COMPANY (Công ty Cổ phần Xi măng Hoàng Long) is a privately held cement manufacturer operating out of Ha Nam Province, one of Vietnam’s most concentrated cement production hubs. Established in 2004, the company has more than two decades of experience in both cement manufacturing and coal trading, supported by a registered charter capital of nearly USD 19 million. Its ownership is highly concentrated, with Chairman and General Director Nguyen S. T. holding almost 97.5% of the shares, giving him full decision-making authority over financial strategy, capital allocation, procurement, and operational direction. This level of centralization offers speed and cohesion but also exposes the company to governance risks common among family-controlled industrial enterprises. The leadership team includes Deputy General Directors Nguyen T. C. and Vuong D. N., who manage daily operations across manufacturing, construction materials trading, and broader commercial activities.

Operational Scope and Market Position

The company’s business registration shows an extensive portfolio: cement and clinker production, paper manufacturing, quarrying, metal forging, equipment imports, hotel and restaurant services, gold paper export, petroleum and LPG trading, construction services, and even anti-termite activities. Such diversification can signal strategic expansion, but in Hoang Long Cement's case, it also raises questions about operational focus and resource allocation. Cement manufacturing is a capital-intensive, energy-heavy sector that requires consistent investment in quality control, environmental compliance, and kiln technology. The presence of so many unrelated sidelines suggests the company may be stretching management bandwidth across non-core sectors. In an already competitive cement market dominated by large state-linked groups and modern private players, maintaining product quality and operational efficiency is increasingly complex for smaller, diversified firms.

Financial Performance: Stability on the Surface, Vulnerability Beneath

The company recorded sales of USD 96.81 million in 2023, a modest 4% year-on-year increase. Total assets rose slightly to USD 68.03 million, while owner’s equity widened only marginally to USD 17.4 million. While these figures suggest stability, deeper financial indicators reveal a more concerning picture. Profit fell sharply from USD 393,000 in 2022 to just USD 211,584 in 2023—a decline of more than 46%. Such a low profit margin, barely measurable against revenue, indicates rising input costs, weaker pricing power, or inefficient cost management. The company’s working capital stands at negative USD 21.37 million, highlighting liquidity pressure and potential strain in meeting short-term obligations. Cement producers globally face volatility in fuel costs, clinker prices, and transportation expenses. Still, for a medium-sized Vietnamese company, persistent low profitability combined with negative working capital could limit reinvestment capacity at a time when competitors are modernizing aggressively.

Strategic Outlook and Critical Considerations

Hoang Long Cement operates in a sector where scale, efficiency, and technology determine long-term competitiveness. Its financial results reveal neither the economies of scale of larger industry players nor the profit margins required to fund modernization. The sharp drop in profit despite stable revenue signals tightening pressure from raw material costs and possibly outdated production methods. Its diversified business lines may also dilute focus at a time when cement producers must invest heavily in dust control, environmental compliance, automation, and cost-efficient kiln upgrades. With nearly all shares concentrated in one individual, governance, succession planning, and risk oversight remain key concerns for partners, lenders, and suppliers evaluating the company’s long-term resilience. While Hoang Long continues to operate and generate steady revenue, its narrow profit margins and liquidity constraints suggest that the company must refine its strategic priorities to remain competitive in Vietnam’s increasingly demanding cement industry.

If you need a more advanced financial risk evaluation or credit assessment, VNBIS can prepare a comprehensive Company Financial Report with deeper insights.

Legal Profile

English Name:

HOANG LONG CEMENT JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN XI MĂNG HOÀNG LONG

Short Name:

HOANG LONG., JSC

Business ID (TIN):

0700222569

Date of Registration:

26 Apr 2004

Registered Office:

Ha Nam Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN S.T

+ NGUYEN T.C

+ VUONG D.N

+ PHAM T.H

Address:

Bong Lang Village, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

Phone:

+84 986 818 283 / 977 888866

Factory Address:

Thanh Hai Commune, Thanh Liem District, Ha Nam Province, Vietnam

Representative office:

No. 7- 9 Truc Bach Street, Truc Bach Ward, Ba Dinh District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

2394 Manufacture of cement, lime and plaster

NACE:

23.5 Manufacture of cement, lime and plaster

Industry Sales Growth

CAGR (2019 - 2023)

-5.33%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

679

0.0234%

Key Industry Players

Top 10 companies in manufacture of cement, lime and plaster industry

chinfon cement corporation nghi son cement corporation siam city cement (vietnam) limited vicem ha tien cement joint stock company vicem hoang thach cement company limited vissai ninh bình joint stock company long son company limited song lam cement joint stock company xuan thanh cement joint stock company thanh thang group cement joint stock company

Payment History

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Financial Performance

Assets	-14.37%
Owner’s Equity	28.07%
Working Capital	27.03%
Net Worth	-40.27%
Sales	32.24%
Operating income	82.53%
EBIT	17.10%
Gross Profit Margin	-7.71%
Debt to EBITDA	-85.25%

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About HOANG LONG CEMENT JOINT STOCK COMPANY

When did HOANG LONG CEMENT JSC start operating?

HOANG LONG CEMENT JSC was started in 26 Apr 2004

What industry does HOANG LONG CEMENT JSC operate in?

HOANG LONG CEMENT JSC is operating in "Manufacture of cement, lime and plaster" industry

How can I contact HOANG LONG CEMENT JSC?

HOANG LONG CEMENT JSC phone numbers is +84 986 818 283 / 977 888866

What adverse news is there about HOANG LONG CEMENT JSC?

HOANG LONG CEMENT JSC’s has 1 bad news

What is stock symbol of HOANG LONG CEMENT JSC?

HOANG LONG CEMENT JSC is not listed company

Where is the location of HOANG LONG CEMENT JSC?

HOANG LONG CEMENT JSC is located at Bong Lang Village, Thanh Nghi Commune, Thanh Liem District, Ha Nam Province, Vietnam

What is HOANG LONG CEMENT JSC’s business registration?

HOANG LONG CEMENT JSC business registration is 0700222569

HOANG LONG CEMENT JOINT STOCK COMPANY