NUMBER ONE CHU LAI CO.,LTD

Founded in 2012 and based in Tam Hiep Port Logistics Industrial Park, Da Nang City, NUMBER ONE CHU LAI CO., LTD operates in the beverage manufacturing sector, focusing on soft drinks, mineral waters, and other non-alcoholic beverages. The company is a private limited liability enterprise and part of a larger business group led by the Tran family, which includes well-known figures in Vietnam's fast-moving consumer goods (FMCG) space.

Director Pham T. N. helms the company, which is supported by Deputy Director Bui T. B. P., and employs approximately 400 staff across its production base and Ho Chi Minh City sales office.

Financial Performance (2023)

In 2023, the company recorded USD 123.28 million in sales, a slight dip of 3.6 percent from the previous year. Despite the drop, revenue remains strong, indicating stable demand for its beverage products. Net profit for the year was USD 52.09 million, a decrease of just under 5 percent, signaling resilient margins in a period of broader economic uncertainty.

However, the most significant concern is the sharp contraction in owner's equity, which fell from USD 68.9 million in 2022 to USD 20.87 million in 2023—a staggering 70 percent decline. This erosion likely stems from dividend payouts, asset revaluations, or internal transfers, although no official explanation is noted in the report. Concurrently, the company posted negative working capital of USD 11.74 million, raising liquidity concerns that could impact near-term financial stability if not addressed.

Shareholding Structure

NUMBER ONE CHU LAI is wholly Vietnamese-owned, with Tran N. B. holding 50 percent of equity, followed by Tran U. P. (45 percent) and Tran Q. T. (5 percent). This tight ownership structure aligns the company closely with other beverage ventures under the same family group, indicating possible internal cross-holdings and resource-sharing practices.