LAM THINH JOINT STOCK COMPANY

LAM THINH JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN LÂM THỊNH) is a privately held joint stock company registered under Business ID 0200805788. The company was established on 08 April 2008 and is registered with the Hai Phong Department of Planning and Investment. Its head office is located at No. 41/143 Truong Chinh, Lam Ha Ward, Kien An District, Hai Phong City, Vietnam. The company is actively operating and has more than 17 years of experience in the market. 

The company’s charter capital is approximately USD 2.96 million, fully paid. With a workforce of approximately 51 employees, Lam Thinh operates as a specialized contractor specializing in electrical construction. Its main activities include constructing electrical projects and supplying electrical systems to enterprises within industrial parks. The company has also registered additional activities, including road construction, water supply and drainage works, manufacturing facilities, architectural and engineering consultancy, technical testing and analysis, and wholesale of machinery and construction materials. 

The company is led by Director N.H.T., a Vietnamese national, who oversees operational and strategic activities. Ownership appears to be distributed among several Vietnamese shareholders, with one major shareholder holding approximately one-third of the company’s equity, while the remaining shares are divided among other individual investors 

From a financial perspective, Lam Thinh demonstrates a notable revenue scale relative to its asset base. Total assets reached approximately USD 12.08 million in the most recent fiscal year, reflecting moderate but steady growth. Owner’s equity increased significantly to around USD 6.2 million, representing a strong 21.88% year-on-year increase. Net worth stands at approximately USD 5.56 million. 

Revenue performance is one of the most striking aspects of the company’s profile. After a temporary decline in the previous period, total sales rebounded sharply by 22.73%, reaching approximately USD 81.57 million. More critical is the company’s profitability trend: net profit rose sharply to about USD 3.18 million, up 50.21% year over year. This indicates improved operational efficiency and margin enhancement, which are particularly important in the competitive electrical construction sector. 

Working capital increased substantially to approximately USD 1.86 million, up more than 68% year-on-year, suggesting stronger short-term liquidity and improved financial flexibility. For a construction and electrical works contractor, improved working capital is essential to managing project cash flow cycles, supplier payments, and contract execution.

Overall, LAM THINH JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN LÂM THỊNH) presents itself as a mid-sized electrical construction contractor with relatively high revenue intensity compared to its asset scale. The most critical financial highlight is the strong rebound in sales combined with accelerated profit growth, signaling improved performance momentum. Continued monitoring of project pipeline stability, cash flow management, and equity strengthening will be key factors in assessing its long-term sustainability.