KIM TIN MDF DONG PHU CORPORATION

KIM TIN MDF DONG PHU CORPORATION (CÔNG TY CỔ PHẦN KIM TÍN MDF ĐỒNG PHÚ) is a privately held wood processing and MDF manufacturing enterprise operating in Binh Phuoc Province for over nine years 

Established on 29 February 2016, the company operates under Business ID 3801119852 and is registered with the Binh Phuoc Province Department of Planning and Investment. Charter capital stands at USD 23.85 million, fully paid. The company employs approximately 310 staff and remains active.

The head office and production facility are located at Lot C1–C14, Road No. 1, Nam Dong Phu Industrial Park, Tan Lap Commune, Dong Phu District, Binh Phuoc Province, Vietnam. The company’s core business focuses on manufacturing MDF sheets, with registered activities extending into veneer, plywood, wood processing, forestry services, quarrying, chemical production, plastics manufacturing, and related industrial operations—reflecting vertical integration within the wood materials supply chain.

Financial Performance Overview

The company experienced strong recovery momentum in the latest fiscal year:

• Total assets reached USD 86.14 million, up 6.06% year-on-year.

• Revenue rebounded sharply to USD 77.59 million, increasing 21.15%.

• After recording a loss in 2023, the company returned to profitability with net profit of USD 5.81 million, marking a 290% improvement.

• Equity strengthened to USD 25.12 million, while net worth remained stable.

• However, working capital stood slightly negative at USD -105,496, indicating tight short-term liquidity despite improved earnings.

Over the three-year period, performance shows cyclical volatility typical of the MDF and wood panel industry, where raw material costs, export demand, and construction activity heavily influence margins.

Management and Ownership

The company is led by Chairman cum Director TRINH H. D.

Shareholding is highly concentrated:

• KES GROUP CORPORATION holds 98.97%

• NGUYEN T. H. holds 0.6%

• TRINH H. D. holds 0.39%

• NGUYEN B. G. holds 0.04%

With strong revenue recovery and restored profitability, KIM TIN MDF DONG PHU CORPORATION remains a significant MDF producer within Vietnam’s wood processing sector. Future performance will depend on export market demand, input cost management, and the company’s ability to maintain positive working capital while sustaining growth momentum.