NGOC NGUYEN CHAU REFRIGERATION JOINT STOCK COMPANY

NGOC NGUYEN CHAU REFRIGERATION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐIỆN LẠNH NGỌC NGUYÊN CHÂU) is a privately held joint stock company established on 17 July 2015 and registered with the Ha Noi City Department of Finance. The company operates under Business ID 0106908169 and Tax Identification Number 0106908169. Its registered address is No. 115 Thanh Nhan Street, Bach Mai Ward, Ha Noi City, Vietnam, with additional branches in Thanh Hoa Province and Hai Phong City. 

Ownership and Corporate Structure

The company has a fully paid-up charter capital of approximately USD 3.29 million. Shareholding structure shows Ms. DINH K. H. holding 45%, Mr. PHAM M. T. holding 41%, Mr. PHAM M. S. holding 11%, and Mr. NGUYEN D. T. holding 3%. This structure reflects concentrated ownership with two principal shareholders maintaining majority influence. The company employs approximately 100 staff and operates as a medium-sized enterprise in the refrigeration and electrical appliance distribution sector.

Management and Leadership

The company is chaired by Mr. PHAM M. T. (Chairman), while daily operations are managed by Mr. NGUYEN D. T. (Director). Ms. PHAM T. K. serves as Deputy Director. The leadership team oversees distribution networks, installation services, and related trading activities. 

Business Activities

NGOC NGUYEN CHAU specializes in the distribution and installation of air-conditioning systems and the trading of household electrical appliances. Core activities include wholesale distribution of household products, warehousing and storage, road freight transport, and retail of electrical appliances in specialized stores.

The company is also registered for a broad range of supplementary activities, including the manufacture of electronic components, electric motors, and transformers; commission agent services; and industrial cleaning services. However, distribution of refrigeration equipment remains the primary revenue driver. 

Financial Performance Overview

Total assets amount to USD 42.15 million, reflecting steady expansion compared to previous periods. Owner’s equity stands at USD 3.07 million, indicating gradual capital accumulation after earlier volatility.

Revenue reached USD 66.11 million, showing stable growth momentum.

One notable financial characteristic is relatively thin profit margins. Net profit stands at USD 124,496, reflecting a slight decline compared to prior performance despite revenue growth. This suggests margin pressure in a competitive distribution market.

Working capital stands at USD 1.88 million, representing moderate liquidity relative to revenue scale and indicating careful cash flow management is required to support ongoing operations.

Competitive Position and Liquidity Focus

NGOC NGUYEN CHAU REFRIGERATION JOINT STOCK COMPANY operates in a competitive household appliance and air-conditioning distribution market. The company maintains a stable asset base and consistent revenue growth, supported by a diversified branch network and logistics operations.

However, modest profitability and limited working capital underline the importance of inventory management, receivables control, and cost discipline. Sustained financial performance will depend on maintaining supplier relationships, optimizing distribution efficiency, and preserving liquidity in a margin-sensitive industry.