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HUNG HAI GROUP JOINT STOCK COMPANY

Active

Business ID 0103069959

84-24 / 62789789

HUNG HAI GROUP JOINT STOCK COMPANY

Active

Business ID 0103069959

84-24 / 62789789

HUNG HAI GROUP JOINT STOCK COMPANY

Active

Summary

Name:

HUNG HAI GROUP JOINT STOCK COMPANY

Business ID (TIN):

0103069959

Date of Registration:

08 Dec 2008

Registered Office:

Ha Noi City Department of Planning and Investment

Payment History:

Click to view

Address:

3rd Floor, N07-B1 Building, Dich Vong New Urban Area, Thanh Thai Street, Dich Vong Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 62789789

Financial Statement:

2020, 2021, 2022, 2023, 2024

HUNG HAI GROUP JOINT STOCK COMPANY (Vietnamese: Công Ty Cổ Phần Tập Đoàn Hưng Hải), registered under Tax Code: 0103069959, is a privately held joint stock company based in Hanoi. Founded on December 8, 2008, the company has grown steadily over the years and now operates a range of business activities including construction, energy investment, rare earth mining, and automotive trading. The company’s head office is located at 3rd Floor, N07-B1 Building, Dich Vong New Urban Area, Thanh Thai Street, Dich Vong Ward, Cau Giay District, Ha Noi City, and it employs around 150 personnel. It also maintains a branch office in Binh Phuoc Province.

Under the leadership of General Director Phan T. T., HUNG HAI GROUP has become an increasingly prominent name in Vietnam’s infrastructure and mining sectors. Notably, the company has attracted foreign partners, including investors from South Korea, thanks to its involvement in rare earth exploration and energy projects in resource-rich regions such as Lai Chau Province. This international interest reflects the company’s strategic position in sectors vital to Vietnam’s future growth.

Financially, HUNG HAI GROUP has faced some structural challenges despite maintaining a solid foundation. As of the end of 2023, the company reported total assets of approximately USD 36.4 million. Owner’s equity was USD 8.51 million, a modest improvement from the previous year. Most notably, net profit rose sharply to USD 153,158 in 2023, a significant increase compared to prior years, suggesting that the company has made important strides in cost control and profitability. However, revenues have declined for two consecutive years, falling from over USD 4.2 million in 2021 to just over USD 1.3 million in 2023. This downward trend in sales, combined with asset contraction, indicates that the company may be undergoing a strategic consolidation or facing delayed revenue recognition from longer-term projects.

One area of concern is the company's liquidity position. The 2023 financials show a negative working capital of USD 21.26 million, meaning that the company’s short-term liabilities significantly exceed its short-term assets. This could pose a risk if not carefully managed, especially in industries like construction and mining, where cash flow timing is critical. Additionally, the presence of at least one overdue invoice raises questions about the company’s accounts payable discipline, which should be monitored closely to avoid reputational or operational disruptions.

Despite these risks, HUNG HAI GROUP appears to maintain a credible reputation and continues to secure strategic partnerships. Its ability to attract foreign interest in the rare earth sector, particularly from Trident Global Holdings of South Korea, is a sign that the company is seen as a reliable counterpart in high-value industries. The firm’s long-standing registration, stable equity base, and growing international visibility are all positives in evaluating its long-term viability.

To further strengthen its financial position, HUNG HAI GROUP would benefit from a focused liquidity management strategy, prioritizing the rebalancing of short-term obligations and exploring interim financing solutions. In parallel, it should aim to stabilize revenue by accelerating completion and billing cycles on construction and energy projects. Improving internal financial governance and transparently addressing overdue obligations will also enhance investor confidence, especially as the company seeks to play a larger role in the rare earth value chain.

In conclusion, HUNG HAI GROUP JOINT STOCK COMPANY is a company with strong potential and a valuable position in Vietnam’s evolving industrial landscape. While it faces several financial challenges, these are not insurmountable. With disciplined risk management, transparent operations, and a continued focus on its core competencies, the company is well-positioned to capitalize on future opportunities and to strengthen its role as a trusted partner in both domestic and international markets.

Legal Profile

English Name:

HUNG HAI GROUP JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN TẬP ĐOÀN HƯNG HẢI

Short Name:

HUNG HAI GROUP., JSC

Business ID (TIN):

0103069959

Date of Registration:

08 Dec 2008

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

PHAN T.T

Address:

3rd Floor, N07-B1 Building, Dich Vong New Urban Area, Thanh Thai Street, Dich Vong Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 62789789

Branch:

No. 69B, Le Duan Street, Tan Phu Ward, Dong Xoai City, Binh Phuoc Province, Vietnam

Business Sector

Key business lines:

VSIC:

4221 Construction of electrical works

Industry Sales Growth

CAGR (2019 - 2023)

-3.62%

YoY (2023)

-3.02%

Companies by industry

Company distribution and propportions

1,849

0.0636%

Key Industry Players

Top 10 companies in construction of electrical works industry

petrovietnam construction joint stock corporation vietnam electricity construction joint stock corporation hai phong electric construction and investment joint stock company alphanam e&c joint stock company pc1 group joint stock company lam thinh joint stock company thanh trung corporation - joint stock company minh tam asia services - trading company limited (translated name) dinh hoang son la one member co., ltd s55 construction joint stock company

Payment History

Payment History: Click to view

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Financial Performance

Assets	-97.27%
Owner’s Equity	0.17%
Working Capital	-14.18%
Net Worth	-12.98%
Sales	-56.71%
Operating income	-50.89%
EBIT	-1.96%
Gross Profit Margin	-11.97%
Debt to EBITDA	63.87%

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Specific Questions About HUNG HAI GROUP JOINT STOCK COMPANY

When did HUNG HAI GROUP JSC start operating?

HUNG HAI GROUP JSC was started in 08 Dec 2008

What industry does HUNG HAI GROUP JSC operate in?

HUNG HAI GROUP JSC is operating in "Construction of electrical works" industry

How can I contact HUNG HAI GROUP JSC?

HUNG HAI GROUP JSC phone numbers is 84-24 / 62789789

What adverse news is there about HUNG HAI GROUP JSC?

HUNG HAI GROUP JSC’s has 2 bad news

What is stock symbol of HUNG HAI GROUP JSC?

HUNG HAI GROUP JSC is not listed company

Where is the location of HUNG HAI GROUP JSC?

HUNG HAI GROUP JSC is located at 3rd Floor, N07-B1 Building, Dich Vong New Urban Area, Thanh Thai Street, Dich Vong Ward, Cau Giay District, Ha Noi City, Vietnam

What is HUNG HAI GROUP JSC’s business registration?

HUNG HAI GROUP JSC business registration is 0103069959

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