SUN HUA SEALING CO.,LTD

SUN HUA SEALING CO., LTD (CÔNG TY HỮU HẠN CÔNG NGHIỆP SUN HUA) is a foreign-invested enterprise (FDI) specializing in the manufacturing of rubber and plastic components for the automotive and motorcycle industries. Established in 2007, the company has over 17 years of experience and is located in Khai Quang Industrial Park, Vinh Yen City, Vinh Phuc Province, Vietnam. It is 100% owned by ZENNITH TRADE CO., LTD, a company based in Mauritius.

Business Registration Details

• Business Registration Number: 2500236254
• Industry: Manufacturing of rubber and plastic products
• Ownership: Foreign Direct Investment (FDI), fully owned by ZENNITH TRADE CO., LTD
• General Director: Yu, Chia Shun
• Charter Capital: USD 10.7 million
• Employees: 600
• Contact: (84-211) 3721 961

Financial Performance and Market Trends

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence and financial analysis, SUN HUA SEALING CO., LTD faced declining revenue and assets in 2023, but managed to recover significantly in terms of profitability.

• Total assets decreased by 11.93%, falling to USD 16.74 million in 2023, compared to USD 19.01 million in 2022.
• Revenue dropped sharply by 22.47%, declining from USD 20.75 million in 2022 to USD 16.09 million in 2023.
• Despite the decline in revenue, profit surged by 688.3%, reaching USD 523,017 in 2023, a remarkable recovery from USD 66,347 in 2022.
• Equity increased by 4.15%, demonstrating improved financial stability.

The sharp drop in sales indicates a challenging market environment, possibly due to reduced demand in the automotive sector or supply chain disruptions. However, the significant increase in profitability suggests better cost management and improved efficiency in production and operations.

Core Business Operations

SUN HUA SEALING CO., LTD is a leading supplier of rubber and plastic components, specializing in:

• O-rings, oil seals, washers, and pads for automobiles and motorcycles.
• Production of structural metal components and machining of fabricated parts.
• Plastic and synthetic rubber manufacturing for industrial applications.
• Casting of non-ferrous metals and metal treatment services.

The company serves major automotive and motorcycle manufacturers, ensuring high-precision sealing solutions for engine components and machinery parts.

Challenges and Market Position

While SUN HUA SEALING CO., LTD experienced a decline in revenue and total assets, its strong profit recovery suggests better operational efficiency. The rubber and plastic manufacturing industry remains highly competitive, and the company must continue focusing on cost control and product innovation to sustain its market position.

VANGUARD BUSINESS INFORMATION LLC (VBI) reports that despite short-term challenges, the company maintains strong equity growth, positioning it for long-term stability in the rubber and plastic industry. However, it will need to address revenue declines and market demand fluctuations to remain competitive.

With its established industrial presence and international ownership, SUN HUA SEALING CO., LTD remains a significant manufacturer in Vietnam’s rubber and plastic components sector.