THACO - MAZDA AUTOMOBILE MANUFACTURING ONE MEMBER LIMITED LIABILITY COMPANY

Company Background

THACO - MAZDA AUTOMOBILE MANUFACTURING ONE MEMBER LIMITED LIABILITY COMPANY (CÔNG TY TNHH MTV SẢN XUẤT Ô TÔ THACO - MAZDA) is a privately held automotive manufacturing company, registered under tax code 4001105852. Established in 2017, it operates from Chu Lai Truong Hai Automobile Mechanical Industrial Park, Quang Nam Province, Vietnam. The company focuses on manufacturing and assembling Thaco Mazda vehicles and is 100% owned by THACO AUTO LIMITED LIABILITY COMPANY.

With a workforce of 700 employees, THACO - MAZDA AUTOMOBILE MANUFACTURING plays a crucial role in Vietnam’s automobile production sector, particularly in the Mazda-brand vehicle assembly industry.

Financial Performance and Observations

The company reported a decline in total sales by 28.09% in 2023, signaling potential challenges in demand, production, or market competitiveness. Despite this, total assets increased by 7.28%, suggesting continued investment in infrastructure or capital expansion.

A notable concern is the 57.07% drop in net profit, which raises questions about cost efficiency, declining margins, or market dynamics affecting revenue streams. Despite this, the company’s equity remains unchanged, indicating a stable capital structure.

For detailed financial breakdowns, profitability analysis, and liquidity trends, VANGUARD BUSINESS INFORMATION LLC (VBI) provides a comprehensive credit report covering all aspects of the company’s financial performance.

Business Operations and Industry Position

THACO - MAZDA AUTOMOBILE MANUFACTURING operates in:

• Manufacturing and assembling Thaco Mazda vehicles
• Sale of parts and accessories for motor vehicles
• Wholesale of machinery and industrial equipment
• Leasing and renting of motor vehicles and machinery
• Manufacture of motor vehicle bodies, trailers, and semi-trailers

The company's broad business scope positions it as a key player in Vietnam’s automobile and machinery sector, but the sharp decline in sales and profit suggests operational inefficiencies or market fluctuations impacting revenue.

Leadership and Ownership

The company is chaired by Mr. Tran Ba Duong, a Vietnamese national, who oversees strategic decision-making. Being a wholly owned subsidiary of THACO AUTO LIMITED LIABILITY COMPANY, THACO - MAZDA AUTOMOBILE MANUFACTURING operates under centralized corporate control.

For detailed insights into corporate governance, shareholder structure, and management details, VBI's credit report offers in-depth analysis on THACO - MAZDA AUTOMOBILE MANUFACTURING ONE MEMBER LIMITED LIABILITY COMPANY.

Challenges and Future Outlook

• Declining Sales: A 28.09% drop in revenue suggests market challenges, competitive pressure, or production inefficiencies.
• Profitability Concerns: The sharp 57.07% decrease in net profit raises questions about rising costs, demand shifts, or pricing strategy issues.
• Stable Equity Amid Declining Profit: While the company’s total assets grew, profitability declined significantly, indicating potential issues in cost management and revenue generation.

For investors, partners, or analysts seeking a full financial risk assessment, industry position analysis, and operational insights, purchasing the VBI credit report on THACO - MAZDA AUTOMOBILE MANUFACTURING is recommended.