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HYOSUNG DONG NAI COMPANY LIMITED

Active

Business ID 3603277021

84-251 / 3566 000

HYOSUNG DONG NAI COMPANY LIMITED

Active

Business ID 3603277021

84-251 / 3566 000

HYOSUNG DONG NAI COMPANY LIMITED

Active

Summary

Name:

HYOSUNG DONG NAI COMPANY LIMITED

Business ID (TIN):

3603277021

Date of Registration:

10 Apr 2015

Registered Office:

Dong Nai Province Department of Finance

Address:

Road N3, Nhon Trach 5 Industrial Park, Dong Nai Province, Vietnam

Phone:

84-251 / 3566 000

Financial Statement:

2020, 2021, 2022, 2023, 2024

HYOSUNG DONG NAI COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN HYOSUNG ĐỒNG NAI): A GENERAL ANALYSIS BY VANGUARD BUSINESS INFORMATION (VBI)

HYOSUNG DONG NAI COMPANY LIMITED is a major foreign direct investment (FDI) enterprise in Vietnam’s textile and industrial fiber sector, specializing in the manufacturing of microfiber spandex, nylon, polyester, and chemicals. The company was established on April 10, 2015, and operates as a one-member limited liability companyunder the ownership of HYOSUNG ISTANBUL TEKSTIL LTD.STI from Turkey. The company’s main production facility is located at Road N3, Nhon Trach 5 Industrial Park, Hiep Phuoc Town, Nhon Trach District, Dong Nai Province, Vietnam, and its Business ID (TIN) is 3603277021.

Financial Performance and Market Position

As of 2023, HYOSUNG DONG NAI COMPANY LIMITED reported total assets of USD 597.36 million, reflecting a 4.7% decline compared to the previous year. Total sales fell by 22.21% to USD 948.05 million, indicating market demand fluctuations or production challenges. Despite lower revenue, equity increased by 19.95% to USD 347.44 million, signaling strong financial reinvestment and long-term stability.

The company’s profitability dropped significantly by 48.16% to USD 47.09 million, which may be attributed to higher production costs, market pressures, or changes in operational strategy. However, the firm maintains a healthy workforce of 1,300 employees, supporting Vietnam’s growing textile and manufacturing industry.

Key Strengths of the Company

Strong Equity Growth – Despite revenue declines, the 19.95% increase in equity highlights a solid financial structure and reinvestment strategy.
Diverse Product Portfolio – The company produces various industrial and textile fibers, ensuring multiple revenue streams beyond traditional textiles.
Strategic Manufacturing Hubs – With facilities in Dong Nai and Ba Ria - Vung Tau, the company benefits from Vietnam’s industrial clusters and export infrastructure.
Global Market Access – Being part of the HYOSUNG ISTANBUL TEKSTIL network, the company has access to international trade markets and technology advancements.

Challenges and Market Risks

Revenue Decline – The 22.21% drop in total sales suggests market fluctuations, lower demand, or supply chain disruptions.
Profitability Decline – A 48.16% drop in net profit indicates cost pressures or reduced operational efficiency.
Industry Competition – The textile and fiber manufacturing sector is highly competitive, with regional players vying for market dominance.
Raw Material Dependency – Fluctuations in polyester, nylon, and spandex prices can impact production costs and profit margins.

The Role of General Company Reports in Business Assessment

Understanding a company’s financial position and operational trends is critical for suppliers, investors, and industry stakeholders. General company reports provide key insights into financial health, investment risks, and industry trends, helping businesses make strategic and data-driven decisions.

VBI’s Contribution to Business Information

VANGUARD BUSINESS INFORMATION (VBI) provides detailed financial reports and industry insights, helping businesses, manufacturers, and investors evaluate performance trends, risk exposure, and growth potential. For companies like HYOSUNG DONG NAI COMPANY LIMITED, having access to comprehensive company data supports market expansion, financial planning, and business continuity strategies.

Legal Profile

English Name:

HYOSUNG DONG NAI COMPANY LIMITED

Vietnamese Name:

CÔNG TY TRÁCH NHIỆM HỮU HẠN HYOSUNG ĐỒNG NAI

Short Name:

HYOSUNG DONG NAI CO.,LTD

Business ID (TIN):

3603277021

Date of Registration:

10 Apr 2015

Registered Office:

Dong Nai Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ BAE I.H

+ TRAM K.N.H

Address:

Road N3, Nhon Trach 5 Industrial Park, Dong Nai Province, Vietnam

Phone:

84-251 / 3566 000

Representative office:

7th Floor, Vincom B Building, No. 72, Le Thanh Ton Street, Ho Chi Minh City, Vietnam

Factory Address:

Lot B7, Road D2, Phu My 2 Industrial Park, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1311 Spinning of textile fibres

NACE:

13.10 Preparation and spinning of textile fibres

Industry Sales Growth

CAGR (2019 - 2023)

2.75%

YoY (2023)

-7.45%

Companies by industry

Company distribution and propportions

1,268

0.0436%

Key Industry Players

Top 10 companies in spinning of textile fibres industry

formosa industries corporation hs hyosung viet nam company limited coats phong phu limited liability company renze textile joint stock company brotex (vietnam) co., ltd yinlong technology company limited hyosung dong nai company limited galaxy technology company limited far eastern polytex (viet nam) limited shundao (vietnam) industrial company limited

Payment History

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Financial Performance

Assets	50.99%
Owner’s Equity	-25.60%
Working Capital	-7.75%
Net Worth	-57.15%
Sales	23.44%
Operating income	-51.62%
EBIT	-80.84%
Gross Profit Margin	-86.19%
Debt to EBITDA	43.94%

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Negative Payment Records

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About HYOSUNG DONG NAI COMPANY LIMITED

When did HYOSUNG DONG NAI COMPANY LIMITED start operating?

HYOSUNG DONG NAI COMPANY LIMITED was started in 10 Apr 2015

What industry does HYOSUNG DONG NAI COMPANY LIMITED operate in?

HYOSUNG DONG NAI COMPANY LIMITED is operating in "Spinning of textile fibres" industry

How can I contact HYOSUNG DONG NAI COMPANY LIMITED?

HYOSUNG DONG NAI COMPANY LIMITED phone numbers is 84-251 / 3566 000

What adverse news is there about HYOSUNG DONG NAI COMPANY LIMITED?

HYOSUNG DONG NAI COMPANY LIMITED’s has 1 bad news

What is stock symbol of HYOSUNG DONG NAI COMPANY LIMITED?

HYOSUNG DONG NAI COMPANY LIMITED is not listed company

Where is the location of HYOSUNG DONG NAI COMPANY LIMITED?

HYOSUNG DONG NAI COMPANY LIMITED is located at Road N3, Nhon Trach 5 Industrial Park, Dong Nai Province, Vietnam

What is HYOSUNG DONG NAI COMPANY LIMITED’s business registration?

HYOSUNG DONG NAI COMPANY LIMITED business registration is 3603277021

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HYOSUNG DONG NAI COMPANY LIMITED