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LEXUS THANG LONG JOINT STOCK COMPANY

Active

Business ID 0105591060

84-24 / 3372 8888

LEXUS THANG LONG JOINT STOCK COMPANY

Active

Business ID 0105591060

84-24 / 3372 8888

LEXUS THANG LONG JOINT STOCK COMPANY

Active

Summary

Name:

LEXUS THANG LONG JOINT STOCK COMPANY

Business ID (TIN):

0105591060

Date of Registration:

26 Oct 2011

Registered Office:

Ha Noi Department of Planning and Investment

Address:

Pham Hung + Duong Dinh Nghe intersection, residential group 8, My Dinh 1 Ward, South Tu Liem District, Ha Noi City, Vietnam

Phone:

84-24 / 3372 8888

Financial Statement:

2020, 2021, 2022, 2023, 2024

Executive Summary

LEXUS THANG LONG JOINT STOCK COMPANY (Công Ty Cổ Phần Lexus Thăng Long) is a privately held joint stock company engaged primarily in the wholesale and retail of Lexus-branded vehicles and motor vehicle services. The company was incorporated in 2011 and operates under the regulatory oversight of the Hanoi Department of Planning and Investment. With over 13 years of experience, the company has developed a strong presence in Vietnam’s premium automotive retail sector.

Leadership and Management

Mr. Le Hong Thai serves as the Chairman of the company and is also a registered shareholder. He is supported by Ms. Doan Tuyet Mai, who holds the position of Deputy Director. The company employs approximately 100 personnel, indicating a streamlined operational model that supports both retail sales and aftersales services.

Financial Performance

As of the fiscal year ending 31 December 2023, LEXUS THANG LONG reported robust financial growth. Total assets surged to USD 62.3 million, marking a 307.4% year-over-year increase, reflecting major asset acquisitions or capital reallocation. Sales revenue reached USD 185.33 million, a substantial 57.63% increase compared to the previous year. Net profit also demonstrated impressive growth, rising to USD 8.87 million, up 49.61% from 2022. Owner’s equity increased by 70.89%, indicating reinvestment of earnings and potential shareholder confidence. The company’s working capital stood at USD 5.19 million, supporting liquidity for current operations.

Capital Structure

The company maintains a charter capital of USD 4.1 million, which is fully paid up. Mr. Le Hong Thai is a recorded shareholder with a 1% stake. Additional shareholders include Mr. Nguyen Xuan Ninh and Ms. Vu Thi Thu Ha, although their shareholding percentages were not disclosed in the latest filing. The equity structure suggests close ownership control, which is typical of high-end vehicle dealerships in emerging markets.

Operations and Business Activities

LEXUS THANG LONG’s core activity is the trading of Lexus vehicles, targeting the luxury car segment. It is also licensed for a diverse set of operations including vehicle maintenance and repairs, sale of parts and accessories, and rental of machinery and equipment. The company has registered capabilities in various construction-related services, including building construction, site preparation, and installation of industrial machinery, as well as freight and passenger transport, and travel agency activities. This range of services suggests a long-term strategy to diversify and vertically integrate automotive and industrial operations.

Assessment

The company’s outstanding performance in 2023, particularly the sharp increase in assets and profit, reflects a resilient and expanding business model. The focus on high-margin luxury vehicles, combined with diversified service registrations, positions LEXUS THANG LONG well for long-term growth. However, the limited publicly disclosed ownership distribution may warrant further scrutiny for stakeholders seeking transparency.

Strategic Recommendation

For investors, creditors, and supply chain partners, LEXUS THANG LONG presents a promising case of a high-growth, mid-cap enterprise with strong financial momentum. To fully evaluate risk exposure, stakeholder interests, and performance sustainability, it is advised to obtain a comprehensive company report, conduct financial due diligence, and explore risk assessment services.

These services are offered by VANGUARD BUSINESS INFORMATION LLC (VBI) through its secure platform at vnbis.com. VBI delivers trusted company financial data, ownership transparency tools, and corporate intelligence reports that support sound business decisions in Vietnam and beyond.

Legal Profile

English Name:

LEXUS THANG LONG JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN LEXUS THĂNG LONG

Short Name:

LEXUS THANG LONG.,JSC

Business ID (TIN):

0105591060

Date of Registration:

26 Oct 2011

Registered Office:

Ha Noi Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE H.T

+ DOAN T.M

Address:

Pham Hung + Duong Dinh Nghe intersection, residential group 8, My Dinh 1 Ward, South Tu Liem District, Ha Noi City, Vietnam

Phone:

84-24 / 3372 8888

Business Sector

Key business lines:

VSIC:

4511 Wholesale of motor vehicles and other motor vehicles

NAICS:

42311 Automobile and Other Motor Vehicle Merchant Wholesalers

Industry Sales Growth

CAGR (2019 - 2023)

7.03%

YoY (2023)

-16.08%

Companies by industry

Company distribution and propportions

9,884

0.3400%

Key Industry Players

Top 10 companies in wholesale of motor vehicles and other motor vehicles industry

hang xanh motors service joint stock company mercedes-benz vietnam company limited toyota bien hoa company limited vietnam star automobile limited thaco auto distribution company limited hoan cau auto joint stock company lexus thang long joint stock company tan phu automobile joint stock company hyundai thanh cong commercial vehicle joint stock company hyundai thanh cong viet nam auto joint venture joint stock company

Payment History

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Financial Performance

Assets	-34.61%
Owner’s Equity	-1.78%
Working Capital	-91.81%
Net Worth	38.59%
Sales	-0.41%
Operating income	51.70%
EBIT	-49.76%
Gross Profit Margin	-16.92%
Debt to EBITDA	78.94%

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Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Legal Profile

Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About LEXUS THANG LONG JOINT STOCK COMPANY

When did LEXUS THANG LONG JSC start operating?

LEXUS THANG LONG JSC was started in 26 Oct 2011

What industry does LEXUS THANG LONG JSC operate in?

LEXUS THANG LONG JSC is operating in "Wholesale of motor vehicles and other motor vehicles" industry

How can I contact LEXUS THANG LONG JSC?

LEXUS THANG LONG JSC phone numbers is 84-24 / 3372 8888

What adverse news is there about LEXUS THANG LONG JSC?

LEXUS THANG LONG JSC’s has no negative news

What is stock symbol of LEXUS THANG LONG JSC?

LEXUS THANG LONG JSC is not listed company

Where is the location of LEXUS THANG LONG JSC?

LEXUS THANG LONG JSC is located at Pham Hung + Duong Dinh Nghe intersection, residential group 8, My Dinh 1 Ward, South Tu Liem District, Ha Noi City, Vietnam

What is LEXUS THANG LONG JSC’s business registration?

LEXUS THANG LONG JSC business registration is 0105591060

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LEXUS THANG LONG JOINT STOCK COMPANY