RENZE TEXTILE JOINT STOCK COMPANY

RENZE TEXTILE JOINT STOCK COMPANY: Major Losses Amid Tariff Threats and Global Textile Slowdown

RENZE TEXTILE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DỆT RENZE), a foreign direct investment (FDI) enterprise based in Dong Nai Province, Vietnam, is one of the country’s largest players in the spinning and textile manufacturing sector. Officially established on November 15, 2007, and registered under tax code and business ID 3600852146, the company is headquartered in Nhon Trach 5 Industrial Park and employs over 2,000 workers.

Despite its scale and long-standing operation, RENZE TEXTILE JOINT STOCK COMPANY is currently facing serious financial challenges that reflect broader pressures on Vietnam's textile and garment industry—particularly in the wake of Trump’s trade policy resurgence, which threatens a 46% tariff on Vietnamese exports to the U.S. Such moves would directly hit companies like RENZE TEXTILE, whose business relies heavily on exports and price competitiveness.

Plunging Profit and Equity in 2023

In 2023, RENZE TEXTILE JOINT STOCK COMPANY experienced a steep downturn:

• Total Sales: USD 339.64 million (↓ 19.12% YoY)

• Net Loss: USD -32.44 million

• Total Assets: USD 205.69 million (↓ 24.91% YoY)

• Owner’s Equity: USD 41.56 million (↓ 76.07% YoY)

• Working Capital: USD -14.96 million

The collapse in equity and deepening losses—after a 2022 profit of over USD 30 million—raises urgent questions about the company’s financial stability. The foreign ownership structure, led by RENZE INVESTMENT LIMITED and SUNRAY INTERNATIONAL HOLDINGS, both based in the British Virgin Islands, adds complexity and calls for increased transparency and scrutiny.

Management and Market Outlook

Ms. ZHOU BO QIN, the company’s General Director, continues to lead operations through this period of volatility. However, the deteriorating financial indicators, combined with potential trade barriers from U.S. policy shifts, signal a difficult outlook for the company in 2025 and beyond.

The textile sector’s reliance on global demand, low margins, and exposure to geopolitical risks like tariffs make risk management services essential. Companies and stakeholders engaging with RENZE TEXTILE need access to accurate, updated, and independent company reports.

VBI: Your Partner for Company Risk Reports

For those considering trade, investment, or credit exposure with RENZE TEXTILE JOINT STOCK COMPANY, VANGUARD BUSINESS INFORMATION LLC (VBI) offers vital tools:

• 🧾 Company Credit Reports

• 🛡️ Risk Assessment Solutions

• 🧍‍♂️ Director and Shareholder Background Checks

• ⚖️ Litigation History and Legal Standing

These services ensure transparency and informed decision-making in a high-risk industry facing shifting global trade dynamics.