PEONY COMPANY LIMITED

PEONY COMPANY LIMITED (CÔNG TY TNHH PEONY) was established on March 14, 2018, and operates as a foreign-invested enterprise (FDI) under Business ID: 2301021913, registered with the Bac Ninh Department of Planning and Investment. The company’s head office is located at No. 15, Road No. 7, VSIP Bac Ninh, Phu Chan Ward, Tu Son City, Bac Ninh Province, Vietnam.

The company is a 100% Singapore-owned enterprise, with HERBERTON PRIVATE LIMITED as its sole shareholder. It operates in the manufacturing and processing of wearing apparel, focusing on textile fibers, knitted and crocheted garments, and non-woven fabrics. The firm also engages in printing and textile spinning, serving as a key supplier to international garment brands.

PEONY COMPANY LIMITED has a charter capital of USD 9.37 million, with USD 9.35 million paid-up, and employs approximately 2,000 workers. The management team consists of Mr. Mawong C. (Malaysian), who serves as General Director, and Mr. Lee W. K. (Singaporean), Managing Director—both bringing extensive experience from the regional textile and apparel industry.

From a financial perspective, the company demonstrates strong growth and recovery after initial volatility in the global garment market. As of December 31, 2023, PEONY CO., LTD reported total assets of USD 52.11 million, equity of USD 34.07 million, sales revenue of USD 106.51 million, and net profit of USD 14.42 million. While sales decreased by 18.25% year-on-year, net profit rose by 110.86%, indicating better operational efficiency and cost management.

Over the past three years, equity has grown nearly threefold, from USD 12.8 million in 2021 to USD 34.07 million in 2023, while total profit more than doubled during the same period. The company also maintains working capital of USD 9.31 million, reflecting strong liquidity and financial discipline.

As a credit manager’s assessment, PEONY COMPANY LIMITED presents a stable credit profile with low leverage, high profitability, and a consistent equity build-up. The 2023 margin improvement despite revenue contraction suggests strong internal controls and operational adaptability.

With its solid ownership, experienced management, and efficient capital utilization, PEONY COMPANY LIMITED is well-positioned within Vietnam’s apparel manufacturing industry. It shows strong capacity to meet its financial obligations and sustain long-term growth.