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HUNG THINH INCONS JOINT STOCK COMPANY

Active

Business ID 0305371707

84-28 / 7307 5888

HUNG THINH INCONS JOINT STOCK COMPANY

Active

Business ID 0305371707

84-28 / 7307 5888

HUNG THINH INCONS JOINT STOCK COMPANY

Active

Summary

Name:

HUNG THINH INCONS JOINT STOCK COMPANY

Business ID (TIN):

0305371707

Date of Registration:

28 Aug 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

HTN

Address:

No. 53, Tran Quoc Thao Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7307 5888

Financial Statement:

2020, 2021, 2022, 2023, 2024

Legal Profile and Corporate Background

HUNG THINH INCONS JOINT STOCK COMPANY, known in Vietnamese as Công ty Cổ phần Hưng Thịnh Incons, is one of the notable players in Vietnam’s civil and industrial construction sector. The company was officially registered on August 28, 2010, with its legal status as a joint stock company. It operates under Business ID and Tax Identification Number 0305371707 and is registered with the Ho Chi Minh City Department of Planning and Investment. With its head office at No. 53 Tran Quoc Thao Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, this company has steadily grown over the past fifteen years into a key participant in Vietnam’s construction industry. The company’s charter capital and paid-up capital are both set at USD 36.61 million, reflecting a strong capital base for a construction enterprise of its size. It is publicly listed on the Ho Chi Minh Stock Exchange under the HTN ticker, enabling it to access capital markets and attract institutional and individual investors.

Leadership and Governance

The leadership of HUNG THINH INCONS is composed of experienced executives who have played a decisive role in shaping its growth strategy. Chairman Nguyen Dinh Trung has long been associated with the company and the wider Hung Thinh Group, providing strategic vision and financial backing. General Director Truong Van Viet oversees the company’s daily operations and project execution, while Deputy General Director Tran Quoc Dung supports the leadership team in operational management. This combination of seasoned leadership and operational expertise has been a cornerstone of the company’s stability and strategic direction, especially during market fluctuations in the construction sector.

Business Operations and Core Activities

HUNG THINH INCONS focuses its activities on civil and industrial construction projects. Over the years, the company has been involved in large-scale infrastructure works, real estate developments, and complex engineering contracts across Vietnam. Its registered business scope includes the construction of civil engineering works, manufacturing of structural metal products, machining and coating of metals, wood processing and furniture manufacturing, and freight transport by sea and road. It is also active in property trading, installation services such as plumbing and air-conditioning, and building completion and finishing. This diverse portfolio allows the company to operate across multiple stages of the construction value chain, from structural work to finishing and project handover.

Financial Performance and Recent Trends

HUNG THINH INCONS's financial results reflect its solid foundation and the challenges faced by Vietnam’s construction market in recent years. In 2021, total assets stood at approximately USD 315.8 million, increasing significantly in 2022 to nearly USD 376.9 million before declining to USD 313.1 million in 2023. This decline of 16.92 percent indicates the broader market slowdown that affected many construction firms. Nevertheless, the company’s equity remained stable, increasing slightly by 3.84 percent in 2023 to reach USD 62.44 million.

Revenue saw a sharper contraction. Total sales fell from USD 253.2 million in 2021 to USD 224.5 million in 2022 and then to USD 110.1 million in 2023, a more than 50 percent decline in the most recent fiscal year. This steep drop mirrors the tightening of the real estate market and the reduced number of large projects nationwide. Profitability also contracted, but more moderately. Net profit decreased from USD 9.9 million in 2021 to USD 2.6 million in 2022 and to USD 2.48 million in 2023, representing a year-on-year drop of 5.8 percent. Despite these declines, the company has demonstrated resilience through cost control and balance sheet stability. Working capital reached USD 45.85 million, and net worth was recorded at USD 61.95 million, signaling financial health and liquidity in the face of sector-wide challenges.

Ownership and Strategic Positioning

The ownership structure of HUNG THINH INCONS reflects a balance between public investors and strategic shareholders. Other shareholders collectively hold 51.82 percent of the company, while Hung Thinh Group Corporation retains 18.45 percent. Chairman Nguyen Dinh Trung holds 16.83 percent, and Hung Thinh Investment Joint Stock Company owns 12.9 percent. This shareholding structure ensures the company maintains strategic direction and financial backing from its parent group while engaging with public investors on the stock exchange.

The position within the Hung Thinh ecosystem gives it significant advantages regarding access to projects, financing, and operational synergies. Being part of a broader corporate group also allows HUNG THINH INCONS to participate in large-scale developments across major cities, contributing to urbanization and infrastructure modernization in Vietnam.

Outlook and Market Prospects

Although the construction industry in Vietnam has experienced a slowdown, HUNG THINH INCONS continues to stand on a solid financial foundation. Its stable equity, healthy working capital, and experienced leadership team position it to navigate market challenges and seize opportunities as economic conditions improve. The company is expected to benefit from public infrastructure investment, private real estate recovery, and strong ties to Hung Thinh Group. As a publicly listed enterprise with over fifteen years of operational history, HUNG THINH INCONS can attract new investment, expand its project portfolio, and reinforce its key civil engineering contractor role in Vietnam’s evolving economic landscape.

With its strategic location in Ho Chi Minh City, diversified business activities, and solid capital structure, the company is well placed to contribute to Vietnam’s construction and development sector in the coming years.

Legal Profile

English Name:

HUNG THINH INCONS JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN HƯNG THỊNH INCONS

Short Name:

HƯNG THỊNH INCONS

Business ID (TIN):

0305371707

Date of Registration:

28 Aug 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

HTN

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN D.T

+ TRUONG V.V

+ TRAN T.T

+ CAO M.H

+ LE Q.M

+ TRAN K.H

+ NGO H.H

+ HUYNH T.T

+ TRAN Q.D

+ TRAN T.T

+ NGUYEN L.X

Address:

No. 53, Tran Quoc Thao Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7307 5888

Representative office:

No. 290/22, Nam Ky Khoi Nghia Street, Ward 8, District 3, Ho Chi Minh City, Vietnam

Representative office:

No. 193B, Nam Ky Khoi Nghia Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Branch:

No. E7/211/1A, Highway 50, Phong Phu Commune, Binh Chanh District, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2819 Manufacture of other general-purpose machinery

NACE:

28.29 Manufacture of other general-purpose machinery n.e.c.

Industry Sales Growth

CAGR (2019 - 2023)

3.84%

YoY (2023)

6.91%

Companies by industry

Company distribution and propportions

649

0.0223%

Key Industry Players

Top 10 companies in manufacture of other general-purpose machinery industry

aqua electrical appliances vietnam co., ltd viet nhat electronic - refrigeration co.,ltd midea consumer electric (vietnam) co., ltd soltec vietnam company elensys ho chi minh city company limited sanaky viet nam company limited tecomen technology joint stock company greenworks (viet nam) company limited tai mei vietnam science and technology company limited hyosung financial system vina company limited

Payment History

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Financial Performance

Assets	-52.85%
Owner’s Equity	-96.09%
Working Capital	-50.55%
Net Worth	-38.24%
Sales	38.99%
Operating income	48.88%
EBIT	85.10%
Gross Profit Margin	95.71%
Debt to EBITDA	65.21%

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Specific Questions About HUNG THINH INCONS JOINT STOCK COMPANY

When did HUNG THINH INCONS JSC start operating?

HUNG THINH INCONS JSC was started in 28 Aug 2010

What industry does HUNG THINH INCONS JSC operate in?

HUNG THINH INCONS JSC is operating in "Manufacture of other general-purpose machinery" industry

How can I contact HUNG THINH INCONS JSC?

HUNG THINH INCONS JSC phone numbers is 84-28 / 7307 5888

What adverse news is there about HUNG THINH INCONS JSC?

HUNG THINH INCONS JSC’s has 51 bad news

What is stock symbol of HUNG THINH INCONS JSC?

HUNG THINH INCONS JSC’s stock symbol is HTN

Where is the location of HUNG THINH INCONS JSC?

HUNG THINH INCONS JSC is located at No. 53, Tran Quoc Thao Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

What is HUNG THINH INCONS JSC’s business registration?

HUNG THINH INCONS JSC business registration is 0305371707

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HUNG THINH INCONS JOINT STOCK COMPANY

HUNG THINH INCONS JOINT STOCK COMPANY

HUNG THINH INCONS JOINT STOCK COMPANY

Legal Profile and Corporate Background

Leadership and Governance

Business Operations and Core Activities

Financial Performance and Recent Trends

Ownership and Strategic Positioning

Outlook and Market Prospects

Company Profile Report

Company Standard Report

Comprehensive Report

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HUNG THINH INCONS JOINT STOCK COMPANY

HUNG THINH INCONS JOINT STOCK COMPANY

HUNG THINH INCONS JOINT STOCK COMPANY

Legal Profile and Corporate Background

Leadership and Governance

Business Operations and Core Activities

Financial Performance and Recent Trends

Ownership and Strategic Positioning

Outlook and Market Prospects

Company Profile Report

Company Standard Report

Comprehensive Report

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