TCL SMART DEVICE (VIET NAM) COMPANY LIMITED (CÔNG TY TNHH ĐIỆN TỬ THÔNG MINH TCL (VIỆT NAM)): A GENERAL ANALYSIS BY VANGUARD BUSINESS INFORMATION (VBI)

TCL SMART DEVICE (VIET NAM) COMPANY LIMITED is a foreign direct investment (FDI) enterprise specializing in the manufacturing of consumer electronics, electronic components, and smart devices. Established on June 1, 2018, the company operates as a one-member limited liability company, wholly owned by TCL KING ELECTRICAL APPLIANCES (HUIZHOU) CO., LTD from China. The company’s main manufacturing facility is located at No. 26 VSIP II-A, Road No. 32, Vietnam - Singapore II-A Industrial Park, Tan Binh Town, North Tan Uyen District, Binh Duong Province, Vietnam. It operates under Business ID (TIN) 3702670794.

Financial Performance and Market Position

As of 2023, TCL SMART DEVICE (VIET NAM) reported total assets of USD 526.63 million, representing a 69% increase from the previous year. Total sales surged by 54.93% to USD 879.64 million, indicating strong market demand for consumer electronics and expansion in production capacity. Net profit grew by 153.44% to USD 14.16 million, recovering from a 74.41% drop in 2022, suggesting improved cost management and revenue optimization.

The company’s equity increased by 38.49% to USD 50.96 million, reinforcing its financial stability and investment potential. TCL SMART DEVICE (VIET NAM) operates multiple representative offices in Da Nang, Hai Phong, and Ho Chi Minh City, supporting its nationwide distribution and after-sales services.

Key Strengths of the Company

• Rapid Asset and Revenue Growth – The company’s 69% increase in assets and 54.93% revenue growthhighlight its expansion in Vietnam’s consumer electronics market.
• Strong Ownership and Investment Support – As part of TCL KING ELECTRICAL APPLIANCES (HUIZHOU) CO., LTD, the company benefits from advanced technology, global market access, and R&D support.
• Diverse Product Portfolio – The company manufactures smart TVs, home appliances, electronic components, batteries, and communication devices, ensuring multiple revenue streams.
• Nationwide Presence – With offices in major cities like Da Nang, Hai Phong, and Ho Chi Minh City, the company optimizes logistics, customer service, and retail distribution.

Challenges and Market Risks

• Highly Competitive Industry – The consumer electronics sector is dominated by global giants, requiring continuous innovation and cost efficiency to maintain competitiveness.
• Raw Material Dependence – Price fluctuations in semiconductors, electronic components, and raw materialscould impact production costs and profit margins.
• Supply Chain Vulnerabilities – The company relies on global suppliers, making it susceptible to logistical disruptions, tariff changes, and geopolitical risks.
• Market Volatility – Consumer demand for electronics and smart devices fluctuates with economic conditions, potentially affecting sales and profitability.

The Role of VANGUARD BUSINESS INFORMATION (VBI)  in Business Assessment

A company’s financial health, operational trends, and market dynamics are key factors for investors, suppliers, and industry analysts. General company reports provide transparent insights into revenue performance, investment risks, and corporate strategies, helping businesses make data-driven decisions.

VBI’s Contribution to Market Analysis

VANGUARD BUSINESS INFORMATION (VBI) delivers comprehensive financial reports and industry insights, supporting businesses in evaluating growth potential, financial risks, and competitive positioning. For companies like TCL SMART DEVICE (VIET NAM) COMPANY LIMITED, these reports help investors and market players assess operational trends, supply chain challenges, and expansion strategies for long-term decision-making.