PEGATRON TECHNOLOGY HAI PHONG COMPANY LIMITED

PEGATRON TECHNOLOGY HAI PHONG COMPANY LIMITED is a wholly foreign-owned enterprise incorporated on April 14, 2020, under Business ID 0202022119 and licensed by the Hai Phong Department of Planning and Investment. The company operates as a one-member limited liability company, with full ownership held by PEGATRON CORPORATION, a Taiwan-based multinational headquartered in Taipei. The firm’s head office and manufacturing facility are in VSIP Hai Phong Township, Thuy Nguyen City, Hai Phong, Vietnam, within the Dinh Vu - Cat Hai Economic Zone.

The company is led by Mr. Chen Chi-Liang, a Taiwanese national who serves as General Director, and it employs approximately 916 staff members. PEGATRON Hai Phong primarily manufactures and assembles consumer electronics, including smart devices, gaming accessories, and peripheral components for phones and computers. The company aims to become a key global electronics supply chain production node.

Regarding financial performance, PEGATRON Hai Phong experienced remarkable revenue expansion, with sales jumping from USD 1.02 million in 2021 to over USD 124.8 million by 2023. Net profit also swung significantly—from a loss of over USD 4.3 million in 2021 to a positive result of USD 3.75 million in 2023, marking a sharp operational turnaround. The company’s total assets grew to USD 61.25 million, and owner’s equity reached USD 12.54 million by the end of 2023.

While these figures indicate aggressive growth and improving profitability, the company’s financial profile is not without concern. Much of its asset and revenue expansion occurred within a very short time frame, which may reflect reliance on volatile contract manufacturing volumes or rapid ramp-up tied to a limited number of global clients. Additionally, the company reported accumulated losses and negative profit in its early years, which suggests that profitability remains highly sensitive to order flow and operational scale.

Moreover, despite its size, PEGATRON Hai Phong remains tightly controlled by a single overseas parent, limiting local financial transparency and strategic independence. The company’s paid-up capital stands at USD 14.33 million, which, while fully injected, may not sufficiently buffer risks arising from price fluctuations in electronics manufacturing, global supply chain disruptions, or geopolitical headwinds involving U.S.–China–Taiwan trade dynamics.

In conclusion, PEGATRON TECHNOLOGY HAI PHONG COMPANY LIMITED presents a case of fast-moving expansion backed by a global electronics giant. However, its short operating history, earlier losses, and narrow equity base relative to revenue require careful credit evaluation. Stakeholders should view the company as opportunity-rich but risk-aware, requiring close monitoring of its order book, capital adequacy, and dependency on parent-level decisions.