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NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Active

Business ID 2400760023

84-204 / 3662 888 / 29771

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Active

Business ID 2400760023

84-204 / 3662 888 / 29771

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Active

Summary

Name:

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Business ID (TIN):

2400760023

Date of Registration:

30 Jan 2015

Registered Office:

Bac Giang Province Department of Planning and Investment

Address:

Van Trung Industrial Park, Van Trung Ward, Viet Yen District, Bac Giang Province, Vietnam

Phone:

84-204 / 3662 888 / 29771

Financial Statement:

2020, 2021, 2022, 2023, 2024

NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD (CÔNG TY TNHH NEWWING INTERCONNECT TECHNOLOGY (BẮC GIANG)) is a major electronics manufacturer in Vietnam, specializing in earphones, interconnection cables, and wireless chargers for mobile devices. Established in 2015, the company is a subsidiary of Foxconn Interconnect Technology Singapore Pte. Ltd., meaning it is 100% foreign-owned by Foxconn, the world’s largest electronics contract manufacturer. With its headquarters in Bac Giang Province, the company plays a significant role in Vietnam’s electronics supply chain, employing 33,000 workers in its Van Trung Industrial Park facility.

Financial Performance and Market Growth

NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD has experienced strong financial growth, with total assets reaching USD 929.36 million in 2023, marking a 16.6% increase from the previous year. Owner’s equity also rose by 15.23%, reaching USD 465.77 million, demonstrating its ability to maintain a strong financial foundation.

However, despite its substantial market presence, the company’s total sales declined by 6.8% in 2023, generating USD 1.26 billion, down from USD 1.35 billion in 2022. Additionally, profit dropped by 38.11%, falling to USD 61.57 million, after a previous surge of 362.04% in 2022.

Challenges in Profitability and Resource Allocation

While NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD remains a strategic manufacturing hub for Foxconn, certain financial and operational concerns raise questions about its long-term profitability and resource efficiency:

Why did profits drop by 38.11% in 2023, despite continuous expansion and high market demand?
Has the company over-expanded too quickly, leading to inefficiencies in production costs?
Is the company’s dependency on Foxconn's supply chain limiting its ability to operate independently and increase profitability?
Are rising labor costs and increasing competition in Vietnam affecting its cost structure?

Strategic Role in Vietnam’s Manufacturing Sector

As part of Foxconn’s global supply chain, NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD serves as a key production center for electronic components and accessories. The company focuses on manufacturing communication equipment, structural metal products, and plastic components, supporting global tech brands and mobile device manufacturers.

Despite recent profit declines, the company continues to benefit from Vietnam’s growing electronics manufacturing sector, driven by increasing foreign direct investment (FDI), government incentives, and a competitive labor market.

Insights from VANGUARD BUSINESS INFORMATION LLC (VBI)

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence and market risk analysis, NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD remains a strong manufacturing entity but faces profitability challenges that require better cost management and operational efficiency.

For investors and industry stakeholders, VBI’s financial reports highlight both the strengths and risks of investing in Foxconn’s Vietnam operations. The company’s dependence on its parent company, recent financial volatility, and competitive pressures in Vietnam’s tech sector indicate that it must optimize its cost structure and enhance operational efficiency to maintain long-term growth.

With Vietnam’s electronics manufacturing industry becoming more competitive, NEWWING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD must focus on innovation, supply chain improvements, and sustainable cost management to remain a key player in the global electronics ecosystem.

Legal Profile

English Name:

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Vietnamese Name:

CÔNG TY TNHH NEW WING INTERCONNECT TECHNOLOGY (BẮC GIANG)

Business ID (TIN):

2400760023

Date of Registration:

30 Jan 2015

Registered Office:

Bac Giang Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

LIANG, H

Address:

Van Trung Industrial Park, Van Trung Ward, Viet Yen District, Bac Giang Province, Vietnam

Phone:

84-204 / 3662 888 / 29771

Business Sector

Key business lines:

VSIC:

2610 Manufacture of electronic components and boards

NACE:

26.1 Manufacture of electronic components and boards

Industry Sales Growth

CAGR (2019 - 2023)

4.75%

YoY (2023)

3.18%

Companies by industry

Company distribution and propportions

3,355

0.1154%

Key Industry Players

Top 10 companies in manufacture of electronic components and boards industry

jabil vietnam company limited canon vietnam company limited fuhong precision component(bac giang) company limited intel products vietnam co., ltd samsung electro-mechanics vietnam co.,ltd samsung display vietnam co., ltd. new wing interconnect technology (bac giang) co.,ltd bhflex vina company limited lg innotek vietnam haiphong company limited luxshare - ict (van trung) company limited

Payment History

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Financial Performance

Assets	-55.45%
Owner’s Equity	-83.29%
Working Capital	-93.56%
Net Worth	19.94%
Sales	35.05%
Operating income	7.67%
EBIT	28.71%
Gross Profit Margin	-45.62%
Debt to EBITDA	75.10%

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Specific Questions About NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

When did NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD start operating?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD was started in 30 Jan 2015

What industry does NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD operate in?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD is operating in "Manufacture of electronic components and boards" industry

How can I contact NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD phone numbers is 84-204 / 3662 888 / 29771

What adverse news is there about NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD’s has no negative news

What is stock symbol of NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD is not listed company

Where is the location of NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD is located at Van Trung Industrial Park, Van Trung Ward, Viet Yen District, Bac Giang Province, Vietnam

What is NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD’s business registration?

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD business registration is 2400760023

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NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Financial Performance and Market Growth

Challenges in Profitability and Resource Allocation

Strategic Role in Vietnam’s Manufacturing Sector

Insights from VANGUARD BUSINESS INFORMATION LLC (VBI)

Company Profile Report

Company Standard Report

Comprehensive Report

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NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO.,LTD

Financial Performance and Market Growth

Challenges in Profitability and Resource Allocation

Strategic Role in Vietnam’s Manufacturing Sector

Insights from VANGUARD BUSINESS INFORMATION LLC (VBI)

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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