HORN (VIETNAM) COMPANY LIMITED

HORN (VIETNAM) COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH HORN (VIỆT NAM)) is a foreign-invested manufacturing enterprise specializing in consumer electronics and electronic components. Located in Hai Phong City, the company is part of a regional production network serving global electronics supply chains and has a strong focus on audio-related products.

Legal Status and Corporate Background

HORN (VIETNAM) COMPANY LIMITED was established on 29 November 2017 and is registered with the Hai Phong City Department of Finance under Business ID / TIN: 0201822112. The company operates as a one-member limited liability company with FDI (foreign direct investment) status and remains active.

The company’s charter capital exceeds USD 5 million, and its paid-up capital has been fully contributed. With approximately 1,200 employees, HORN (VIETNAM) is a labor-intensive manufacturing operation typical of export-oriented electronics producers in northern Vietnam.

Core Operations and Product Focus

HORN (VIETNAM) is engaged in the manufacture of consumer electronics, with core products including:

• Silicon microphones

• Digital and fiber microphones

• Speakers and headsets

In addition to finished consumer electronics, the company is licensed to manufacture electronic components and boards, as well as plastic products, allowing for a relatively integrated production process. This vertical capability supports cost control and supply-chain efficiency in a highly competitive electronics market.

Manufacturing Facilities and Location

The company’s manufacturing base is located at Standard Factory Nos. 2, 6, and 8, Lot CN1, An Duong Industrial Park, An Phong Ward, Hai Phong City. Hai Phong’s established port infrastructure and industrial ecosystem provide logistical advantages for export manufacturing, particularly for electronics and high-volume components.

Management and Governance

HORN (VIETNAM) is led by an expatriate executive team reflecting its foreign ownership:

• General Director: Yu, P. (Chinese nationality)

This governance structure is consistent with FDI manufacturing models, where strategic direction, technology, and market integration are aligned with the overseas parent company.

Financial Profile Overview

From a financial perspective, HORN (VIETNAM) operates at a large scale in terms of assets and revenue, supported by substantial working capital:

• Total assets exceed USD 60 million, reflecting significant investment in production facilities, equipment, and inventories.

• Sales volumes are high, underscoring the company’s role as a mass-production supplier in the electronics value chain.

• Equity remains stable at a substantial level, indicating sustained capital commitment from the shareholder.

• Profitability has weakened sharply, with results moving close to break-even or slightly negative, suggesting margin pressure, pricing competition, or transitional cost burdens.

Overall, the financial profile is typical of export-oriented electronics manufacturers, characterized by volatile demand cycles and thin margins, especially during periods of market adjustment.

Ownership Structure

HORN (VIETNAM) is 100% owned by SHENZHEN HORN AUDIO CO., LTD, a China-based electronics manufacturer. This full foreign ownership confirms the company’s role as a Vietnamese production arm within a cross-border manufacturing strategy, leveraging Vietnam’s labor force and industrial incentives.

Business Outlook and Risk Considerations

With modern manufacturing facilities, a large workforce, and integration into an international electronics group, HORN (VIETNAM) maintains a strong operational position. However, its recent financial performance highlights margin sensitivity, exposure to global electronics demand, and dependence on parent-company orders.

For banks, insurers, suppliers, and logistics partners, key considerations include profitability, sustainability, group support, and export-market stability. The company’s scale and foreign backing mitigate specific risks, but earnings volatility remains a structural factor in the electronics manufacturing sector.

In this context, Vanguard Business Information LLC (VNBIS), a leading provider of business intelligence, financial analysis, and risk-assessment services, delivers comprehensive company reports, FDI-focused due diligence, and counterparty risk evaluations for manufacturing enterprises operating in Vietnam. Stakeholders seeking a deeper understanding of HORN (VIETNAM)’s financial resilience, ownership structure, and operational risks are encouraged to consult the latest detailed report available through VNBIS.