HOANH SON GROUP JOINT STOCK COMPANY

HOANH SON GROUP JOINT STOCK COMPANY (Công Ty Cổ Phần Tập Đoàn Hoành Sơn) is a significant multi-sector enterprise headquartered in Ha Tinh Province, Vietnam. With over two decades of operation since its founding on January 19, 2001, the company has evolved into a powerful regional group involved in sea and road freight transport, coal and mineral trading, infrastructure construction, and even solar energy and cattle farming. It is legally registered under Business ID 3000244065, operating as a privately held joint stock company with a charter capital of over USD 82 million.

At the helm of the company is Mr. Phạm Hoành Sơn, who serves both as Chairman and General Director, holding a commanding 95% ownership stake. His leadership, supported by deputy directors Mr. Trần Quang Thưởng and Ms. Nguyễn Thị Hằng Nga, has steered the company through both volatile downturns and periods of rapid expansion. With a staff of 800 employees and multiple operational sites, including a major office in Hai Phong, HOANH SON GROUP is positioned as a major logistics and industrial force in northern-central Vietnam.

In terms of financial data, the company’s performance in 2023 marked a dramatic recovery. Total assets surged to USD 806.69 million, a 75% increase from the prior year. Revenue rebounded impressively to USD 377.11 million—up by 120%—after a sharp dip in 2022. Net profit climbed more than threefold to over USD 7 million, a promising sign for stakeholders monitoring its financial trajectory. Owner's equity also jumped nearly 79%, reinforcing the group's capital strength.

However, the financial story isn’t without red flags. Profitability, while rising in 2023, had plummeted by over 84% the previous year, reflecting either market disruptions or internal inefficiencies. Such volatility can raise concerns for risk management professionals, particularly when evaluating the group’s large-scale investments in diverse sectors like iron ore mining, real estate, and solar power—each of which carries its own regulatory and financial exposures. The breadth of activities also increases complexity in governance, compliance, and operational control.

From a company credit report perspective, HOANH SON GROUP exhibits robust growth potential but also demands careful due diligence. Key considerations should include its capacity to maintain consistent profitability, its debt structure, and the risk profile of its diverse investment portfolio. Stakeholders, whether investors, suppliers, or financial institutions, would be prudent to examine its financial ratios and historical performance trends before engagement.

In conclusion, HOANH SON GROUP is a rapidly expanding conglomerate with solid infrastructure, broad industry reach, and improving financials. Yet, its growth trajectory must be weighed against exposure to cyclical sectors and historical fluctuations in earnings—making it a company where strategic insight and data-driven risk assessment are essential.