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SEOJIN AUTO COMPANY LIMITED

Active

Business ID 2300956022

SEOJIN AUTO COMPANY LIMITED

Active

Business ID 2300956022

SEOJIN AUTO COMPANY LIMITED

Active

Summary

Name:

SEOJIN AUTO COMPANY LIMITED

Business ID (TIN):

2300956022

Date of Registration:

15 Dec 2016

Registered Office:

Bac Ninh Province Department of Finance

Address:

Lot J5, Dai Dong - Hoan Son Industrial Park, Bac Ninh Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

SEOJIN AUTO COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH SEOJIN AUTO), legally registered under Business ID and Tax Identification Number 2300956022, is a foreign direct investment (FDI) enterprise operating in Vietnam since December 15, 2016. The company is a wholly owned subsidiary of SEOJIN SYSTEM CO., LTD based in South Korea, and functions as a one-member limited liability company under the oversight of the Bac Ninh Province Department of Planning and Investment.

Headquartered at Lot J5, Dai Dong, Hoan Son Industrial Park, Tan Hong Ward, Tu Son City, Bac Ninh Province, the company also maintains a branch in Ha Nam Province and a transaction office in Tien Son Industrial Park. SEOJIN AUTO’s main business lines include the manufacturing and processing of metal frames and components for telecommunications equipment, mobile phones, and automobile engines, along with a range of electrical and fabricated metal products.

At the executive level, Mr. Jun D. K., a South Korean national, serves as General Director but resides in South Korea, having authorized Mr. Lee Y. D. to oversee daily management in Vietnam. The company employs a sizable workforce of 2,024 individuals and reported a paid-up capital of over USD 106.5 million by the end of 2024.

Despite its operational scale and increasing sales, SEOJIN AUTO faces ongoing financial challenges. For the fiscal year ending December 31, 2024, the company recorded total assets of USD 324.25 million, a slight decline of 5.15% compared to 2023. More notably, the company's equity continued to shrink, dropping by 18.59% to USD 65.2 million, following a similar downward trend from the previous year. While total sales reached USD 153.25 million, an increase of 13.09% from the prior year, the company reported a negative profit of USD -14.89 million. Though this loss reflects a partial recovery from previous years, it continues a multi-year pattern of financial underperformance. Working capital was also deeply negative at USD -107.57 million, raising concerns about the firm’s short-term liquidity and financial resilience.

From a risk management perspective, SEOJIN AUTO presents a complex picture. On one hand, the company has strong production capabilities, significant foreign capital backing, and a growing top-line revenue base. On the other hand, persistent losses and declining equity suggest structural inefficiencies or cost burdens that have yet to be resolved. These red flags are particularly relevant for suppliers, partners, and investors seeking reliable Vietnam private financial data or engaging in business verification services.

In conclusion, while SEOJIN AUTO COMPANY LIMITED remains operationally active and ambitious in its industrial presence, its financial health requires cautious scrutiny. Stakeholders are advised to carefully assess both the opportunities and inherent risks tied to the company’s trajectory. As always, VANGUARD BUSINESS INFORMATION LLC (VBI) continues to provide objective financial intelligence and comprehensive risk management service to guide informed decision-making in Vietnam’s dynamic FDI landscape.

Legal Profile

English Name:

SEOJIN AUTO COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH SEOJIN AUTO

Short Name:

SEOJIN AUTO CO., LTD

Business ID (TIN):

2300956022

Date of Registration:

15 Dec 2016

Registered Office:

Bac Ninh Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ JUN D

+ LEE Y.D

Address:

Lot J5, Dai Dong - Hoan Son Industrial Park, Bac Ninh Province, Vietnam

Branch:

Lot C, Dong Van I Industrial Park, Yen Bac Ward, Duy Tien Town, Ha Nam Province, Vietnam

Transaction office:

Road TS3, Tien Son Industrial Park (leased land from Viglacera Company), Bac Ninh Province, Vietnam

Business Sector

Key business lines:

VSIC:

2599 Manufacture of other fabricated metal products n.e.c.

NACE:

25.91 Manufacture of other fabricated metal products

Industry Sales Growth

CAGR (2019 - 2023)

8.57%

YoY (2023)

-4.18%

Companies by industry

Company distribution and propportions

6,511

0.2240%

Key Industry Players

Top 10 companies in manufacture of other fabricated metal products n.e.c. industry

crown beverage cans saigon limited vision international co., ltd crown beverage cans (dong nai) limited dai dung metallic manufacture construction and trade corporation kim tin group corporation hyundai aluminum vina shareholding company shin-etsu magnetic materials vietnam co., ltd global vietnam aluminium company limited my viet trading and industries company limited seojin viet nam limited company

Payment History

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Financial Performance

Assets	12.67%
Owner’s Equity	-22.01%
Working Capital	88.13%
Net Worth	9.67%
Sales	44.44%
Operating income	79.91%
EBIT	18.44%
Gross Profit Margin	57.73%
Debt to EBITDA	49.26%

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Specific Questions About SEOJIN AUTO COMPANY LIMITED

When did SEOJIN AUTO COMPANY LIMITED start operating?

SEOJIN AUTO COMPANY LIMITED was started in 15 Dec 2016

What industry does SEOJIN AUTO COMPANY LIMITED operate in?

SEOJIN AUTO COMPANY LIMITED is operating in "Manufacture of other fabricated metal products n.e.c." industry

How can I contact SEOJIN AUTO COMPANY LIMITED?

SEOJIN AUTO COMPANY LIMITED don't share phone numbers information

What adverse news is there about SEOJIN AUTO COMPANY LIMITED?

SEOJIN AUTO COMPANY LIMITED’s has 1 bad news

What is stock symbol of SEOJIN AUTO COMPANY LIMITED?

SEOJIN AUTO COMPANY LIMITED is not listed company

Where is the location of SEOJIN AUTO COMPANY LIMITED?

SEOJIN AUTO COMPANY LIMITED is located at Lot J5, Dai Dong - Hoan Son Industrial Park, Bac Ninh Province, Vietnam

What is SEOJIN AUTO COMPANY LIMITED’s business registration?

SEOJIN AUTO COMPANY LIMITED business registration is 2300956022

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