SMC TRADING INVESTMENT JOINT STOCK COMPANY

SMC Trading Investment Joint Stock Company (SMC J.S.C.) is a publicly traded company in Vietnam, specializing in the manufacture and trade of iron and steel. Established on October 18, 2004, the company has been a key player in Vietnam’s steel industry for over 20 years. Headquartered in Ho Chi Minh City, SMC operates across multiple sectors related to steel production and distribution, catering to both domestic and international markets.

Financial Performance (2023)

SMC experienced a challenging financial year in 2023, with significant declines in revenue and profitability:

• Total Assets: USD 253.84 million (-25.82% YoY)
• Total Sales: USD 562.9 million (-40.89% YoY)
• Profit: USD -38.01 million (-41.95% YoY)
• Equity: USD 32.77 million (-53.7% YoY)
• Net Worth: USD 27.09 million (-58.37% YoY)
• Working Capital: USD -42.12 million (-465.56% YoY)

The company’s financial decline suggests rising operational costs, reduced demand, or pricing pressures in the steel market. As a major industry player, SMC’s financial stability is crucial for its stakeholders, including investors, suppliers, and partners.

Ownership & Management

• Stock Symbol: SMC (Listed on HOSE – Ho Chi Minh Stock Exchange)

• Major Shareholders:

  • Hanwa Co., Ltd. (Japan) – 19.57%
  • Nguyen Thi Ngoc Loan (Chairwoman, Vietnam) – 14.24%
  • Nguyen Huu Kinh Luan (Vietnam) – 4.76%
  • Other Shareholders – 61.44%

• Key Executives:

  • Chairwoman: Nguyen Thi Ngoc Loan
  • General Director: Dang Huy Hiep
  • Deputy General Director: Nguyen Thi Kim Hong Chau

Business Activities & Operations

SMC is engaged in iron and steel manufacturing and trading, with business activities spanning:

• Production and distribution of iron, steel, and cast iron
• Wholesale of metals, metal ores, and construction materials
• Manufacture of fabricated metal products
• Wholesale of industrial machinery and related equipment

These activities position SMC as a key supplier for Vietnam’s construction and infrastructure sectors, supporting industrial growth in the region. However, market fluctuations and cost pressures pose significant risks to the company's long-term sustainability.

Strategic Insights & Business Intelligence

Understanding the financial and operational risks of companies like SMC J.S.C. is essential for investors and business partners. Vanguard Business Information LLC (VBI) provides comprehensive business intelligence, risk assessment, and financial analysis to help stakeholders evaluate the creditworthiness and stability of companies operating in volatile industries like steel manufacturing. With its expertise in Vietnamese and global markets, VBI delivers in-depth financial reports and industry insights that empower businesses to make well-informed decisions when engaging with companies such as SMC.

Business Contact

• Head Office: No. 681, Dien Bien Phu Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam
• Phone: (+84-28) 3899 2299
• Email: smc@smc.vn
• Website: http://smc.vn

Conclusion

SMC Trading Investment J.S.C. remains a significant player in Vietnam’s steel industry, though its financial downturn in 2023 raises concerns about its stability. As global supply chains and pricing pressures continue to impact the market, stakeholders must closely monitor its financial health and industry positioning. Access to reliable business intelligence is critical for decision-making, ensuring that companies engaging with SMC J.S.C. are well-prepared for potential risks and opportunities.