KIM TIN HUNG YEN CORPORATION

KIM TIN HUNG YEN CORPORATION (Vietnamese name: CÔNG TY CỔ PHẦN KIM TÍN HƯNG YÊN, abbreviation: KIM TIN HUNG YEN CORP) is a privately held joint stock company operating in the manufacturing sector in Vietnam. The company was officially registered on 13 November 2009 with the Hung Yen Province Department of Planning and Investment under Business ID and Tax Identification Number 0900257329.

With more than 16 years of operation, the company remains active and has established itself as a key manufacturer of welding materials and related industrial products in Northern Vietnam.

Legal Status and Corporate Information

• Company Name: KIM TIN HUNG YEN CORPORATION

• Business ID: 0900257329

• Registration Date: 13 November 2009

• Place of Registration: Hung Yen Province Department of Planning and Investment

• Head Office: Road D3, Area D, Pho Noi A Industrial Park, Lac Hong Commune, Van Lam District, Hung Yen Province, Vietnam

• Charter Capital: USD 11.01 million

• Paid-up Capital (as of 31/12/2023): USD 6.90 million

• Employees: Approximately 400

The company operates in the line of business classified as “Manufacture of other electrical equipment,” with its core activity focused on producing welding rods, welding wires, and related materials. It is also registered for metal fabrication, iron and steel production, plastics manufacturing, warehousing, machinery leasing, and wholesale of metals and construction materials.

Key Personnel and Ownership Structure

The company is led by:

• Mr. Nguyen M. D. – Director

The shareholder structure shows strong control by Kim Tin Investment Corporation, which holds 89.37% of shares. Other shareholders include Mr. Nguyen M. D. (2.5%), Ms. Bui T. H. (0.75%), and 87 other minority shareholders (7.38%). This ownership model indicates that KIM TIN HUNG YEN CORPORATION operates as part of a larger corporate group, with strategic alignment likely influenced by its parent company.

Financial Performance and Critical Financial Insight

As of fiscal year 2024, the company reported:

• Total Assets: USD 34.09 million (▼ 22.77% YoY)

• Total Sales: USD 62.75 million (▲ 0.22% YoY)

• Profit: USD 8.58 million (▲ 26.59% YoY)

• Owner’s Equity: USD 13.74 million (▲ 26.95% YoY)

One of the most critical financial points is the combination of declining assets with rising profitability. While total assets decreased significantly in 2024, profit increased strongly to USD 8.58 million, resulting in a notably high profit-to-sales ratio. With sales of USD 62.75 million and profit of USD 8.58 million, the company achieved an impressive net margin compared to many industrial manufacturers.

This suggests improved operational efficiency, cost optimization, or restructuring of the asset base. However, the sharp asset reduction combined with equity recovery (after a 50% drop in equity in 2023) raises important analytical questions about capital restructuring, dividend distribution, or internal financial adjustments within the group.

Additionally, working capital surged by over 500% year-on-year to USD 2.3 million, indicating stronger short-term liquidity compared to previous years.

Overall Assessment

KIM TIN HUNG YEN CORPORATION is a well-established industrial manufacturer within the Kim Tin Group ecosystem, specializing in welding materials and related metal products. The company demonstrates strong profitability performance in 2024 despite a reduction in total assets, highlighting a potential strategic shift toward efficiency and capital optimization.

For investors, suppliers, and financial institutions, further review of debt structure, receivables turnover, and intercompany transactions with its parent entity would provide deeper insight into long-term financial sustainability and risk exposure.

For a comprehensive financial risk assessment, litigation review, or detailed credit analysis of KIM TIN HUNG YEN CORPORATION, a full company report would provide greater transparency into balance sheet structure and operational cash flow dynamics.