PROLooking for more than just a company report? Upgrade to Pro now

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Active

Business ID 0100100417-011

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Active

Business ID 0100100417-011

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Active

Summary

Name:

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Business ID (TIN):

0100100417-011

Date of Registration:

17 Mar 1994

Registered Office:

Thai Binh Department of Planning and Investment

Address:

No. 288, Tran Hung Dao Street, De Tham Ward, Thai Binh City, Thai Binh Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

THAI BINH POWER COMPANY – BRANCH OF NORTHERN POWER CORPORATION (Vietnamese: CÔNG TY ĐIỆN LỰC THÁI BÌNH – CHI NHÁNH TỔNG CÔNG TY ĐIỆN LỰC MIỀN BẮC) is a state-owned entity directly managed under the umbrella of the Northern Power Corporation (EVNNPC), a key division of Vietnam Electricity (EVN). The company was officially registered on March 17, 1994, and has maintained continuous operations for over three decades. It is legally recognized as a branch and holds Business ID 0100100417-011, with its head office located at No. 288 Tran Hung Dao Street, De Tham Ward, Thai Binh City, Thai Binh Province.

The primary business activity of THAI BINH POWER COMPANY – BRANCH OF NORTHERN POWER CORPORATION is the transmission and distribution of electricity. As a regional utility provider, the company plays a critical role in delivering power supply to residential, commercial, and industrial customers across Thai Binh Province. Its operations are part of the broader national power infrastructure overseen by EVNNPC, which manages electricity distribution across northern Vietnam.

Financially, the company recorded a total asset base of approximately USD 120.17 million in 2023, reflecting a notable 21.13% increase compared to the previous year. This growth follows two consecutive years of moderate asset expansion and suggests ongoing investment in grid infrastructure and operational capacity. Sales revenue for 2023 reached USD 270.76 million, an increase of 16.96% year-on-year, continuing a steady upward trend in energy distribution volume and service reach. Net profit, after experiencing a substantial loss in 2022, returned to a positive level at USD 1.18 million in 2023—an encouraging recovery that reversed a 2022 downturn. Meanwhile, equity stood at USD 35.58 million, up by 2.94% from the previous year, although still below the level recorded in 2021.

One area of financial concern for THAI BINH POWER COMPANY – BRANCH OF NORTHERN POWER CORPORATION is its working capital position, which remains negative at approximately USD -14.58 million. While not unusual for state-affiliated utilities with large capital investment cycles and subsidized pricing structures, this indicator points to tight short-term liquidity and potential reliance on parent company support. The company’s overall net worth was reported at USD 35.41 million as of year-end 2023.

The legal representative listed for the branch is Mr. Le Ba Quyen, who is also recorded as the owner. Though no detailed shareholder breakdown is provided, the company's structure as a branch of a state-owned corporation implies full government ownership through EVNNPC.

In conclusion, THAI BINH POWER COMPANY – BRANCH OF NORTHERN POWER CORPORATION operates as a stable utility service provider under state supervision. Its financials reflect gradual growth in assets and revenues, a recovery in profitability, and structural support from its parent entity. However, operational margins remain thin, and its negative working capital position may require closer monitoring, especially in the context of increased infrastructure demands and fluctuating energy prices.

Legal Profile

English Name:

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Vietnamese Name:

CÔNG TY ĐIỆN LỰC THÁI BÌNH - CHI NHÁNH TỔNG CÔNG TY ĐIỆN LỰC MIỀN BẮC

Short Name:

PCTB

Business ID (TIN):

0100100417-011

Date of Registration:

17 Mar 1994

Registered Office:

Thai Binh Department of Planning and Investment

Operation Status:

Active

Contacts

Key Decision Makers:

LE B.Q

Address:

No. 288, Tran Hung Dao Street, De Tham Ward, Thai Binh City, Thai Binh Province, Vietnam

Old Address:

So 288, Duong Tran Hung Dao, Thai Binh Province, Vietnam

Business Sector

Key business lines:

VSIC:

3512 Electricity transmission and distribution

Industry Sales Growth

CAGR (2019 - 2023)

-16.57%

YoY (2023)

-29.10%

Companies by industry

Company distribution and propportions

984

0.0338%

Key Industry Players

Top 10 companies in electricity transmission and distribution industry

hanoi power corporation national power transmission corporation central power corporation dong nai power company limited bac ninh power company - branch of northern power corporation quang ninh power company - branch of northern power corporation haiphong power company limited hai duong power company limited - northern power corporation thanh hoa power company - branch of northern power corporation binh duong power company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	70.82%
Owner’s Equity	-44.84%
Working Capital	46.75%
Net Worth	-85.94%
Sales	-4.75%
Operating income	-31.87%
EBIT	58.93%
Gross Profit Margin	-24.65%
Debt to EBITDA	50.11%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

When did THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION start operating?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION was started in 17 Mar 1994

What industry does THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION operate in?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION is operating in "Electricity transmission and distribution" industry

How can I contact THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION don't share phone numbers information

What adverse news is there about THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION’s has no negative news

What is stock symbol of THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION is not listed company

Where is the location of THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION is located at No. 288, Tran Hung Dao Street, De Tham Ward, Thai Binh City, Thai Binh Province, Vietnam

What is THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION’s business registration?

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION business registration is 0100100417-011

My Order (0)

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

THAI BINH POWER COMPANY - BRANCH OF NORTHERN POWER CORPORATION

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification