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THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

Active

Business ID 4600100155

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

Active

Business ID 4600100155

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

Active

Summary

Name:

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

Business ID (TIN):

4600100155

Date of Registration:

24 Jun 2009

Registered Office:

Thai Nguyen Province Department of Planning and Investment

Ticker:

TIS

Address:

Zone 6, Gieng Day Ward, Ha Long City, Quang Ninh Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

THAI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION: A Legacy Burdened by Losses

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION (Vietnamese: CÔNG TY CỔ PHẦN GANG THÉP THÁI NGUYÊN, or TISCO) is a long-standing industrial player in Vietnam’s steel sector. Officially registered on June 24, 2009, with Business ID and Tax Code number 4600100155, the company operates as a joint stock enterprise under significant state ownership. Its majority shareholder is VIETNAM STEEL CORPORATION, holding 65% of shares.

Headquartered in Group 13, Cam Gia Ward, Thai Nguyen City, TISCO is listed on UPCOM under the ticker TIS, with a charter capital of approximately USD 75.59 million. The corporation is led by Chairman Mr. NGHIEM XUAN DA and General Director Mr. NGUYEN MINH HANH, overseeing a workforce of 3,211 employees.

Despite its size and history, THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION is showing serious signs of financial distress. In 2023, the company reported a staggering loss of USD 7.25 million, a sharp plunge from a modest profit of USD 5 million just two years prior. The year-on-year drop in profit was a catastrophic -1881.89%, underscoring severe inefficiencies.

Total revenue declined sharply to USD 391.55 million, down 18.54% from 2022, while equity fell by over 12.62% to USD 70.15 million. Even more alarming is its negative working capital of USD -156.18 million, indicating potential liquidity challenges and over-reliance on short-term liabilities.

While total assets remained relatively stable at USD 421.18 million, the business is clearly underperforming in key financial indicators. This suggests that THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION, like many state-backed firms, suffers from chronic inefficiencies and poor cost-effectiveness. The company is struggling to compete in a sector that demands lean operations and strategic reinvestment.

TISCO’s wide scope of business—from mining and smelting to construction materials—does not appear to be translating into sustainable profits. The current trajectory raises critical concerns about financial mismanagement and outdated operational models.

For investors, partners, or credit evaluators, THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATIONshould be approached with caution. The company may still hold value due to its infrastructure and legacy, but its weakening financial health warrants close scrutiny—especially when assessing its viability through due diligence services offered by VANGUARD BUSINESS INFORMATION LLC (VBI).

Legal Profile

English Name:

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN GANG THÉP THÁI NGUYÊN

Short Name:

TISCO

Business ID (TIN):

4600100155

Date of Registration:

24 Jun 2009

Registered Office:

Thai Nguyen Province Department of Planning and Investment

Ticker:

TIS

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGHIEM X.D

+ NGUYEN M.H

+ TRAN Q.T

+ HA T.H

+ HOANG D.S

Address:

Zone 6, Gieng Day Ward, Ha Long City, Quang Ninh Province, Vietnam

Head Office:

Group 13, Cam Gia Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

Branch:

Group 10, Phu Xa Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

Branch:

Ha Son Street, Thanh Son Town, Thanh Son District, Phu Tho Province, Vietnam

Branch:

Residential Group 1, An Tuong Ward, Tuyen Quang City, Tuyen Quang Province, Vietnam

Branch:

Lang Phan Hamlet, Linh Son Commune, Thai Nguyen City, Thai Nguyen Province, Vietnam

Branch:

Group 4, Trai Cau Town, Dong Hy District, Thai Nguyen Province, Vietnam

Branch:

Giang Son Residential Group, Giang Tien Town, Phu Luong District, Thai Nguyen Province, Vietnam

Branch:

Group 3, Huong Son Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

Business Sector

Key business lines:

VSIC:

2410 Manufacture of iron, steel and cast iron

NACE:

24.10 Manufacture of basic iron and steel and of ferro-alloys

NAICS:

3311 Iron and Steel Mills and Ferroalloy Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

4.05%

YoY (2023)

-9.69%

Companies by industry

Company distribution and propportions

1,725

0.0593%

Key Industry Players

Top 10 companies in manufacture of iron, steel and cast iron industry

viet nam steel corporation hoa sen group vas group nghi son joint stock company formosa ha tinh steel corporation smc trading investment joint stock company hoa phat group joint stock company hoa phat hai duong steel joint stock company nam kim steel joint stock company hoa phat hung yen steel limited liability company hoa phat dung quat steel joint stock company

Payment History

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Financial Performance

Assets	-77.54%
Owner’s Equity	-49.87%
Working Capital	-23.32%
Net Worth	-55.37%
Sales	-61.74%
Operating income	-28.08%
EBIT	-96.67%
Gross Profit Margin	-60.64%
Debt to EBITDA	-23.23%

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Owner's Equity

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Company Standard Report

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EBT

EBITDA

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Tangible Net Worth

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Subsidiary and Affiliated Company

Management and Directors

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Business Operation

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Industry Information

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

When did THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION start operating?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION was started in 24 Jun 2009

What industry does THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION operate in?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION is operating in "Manufacture of iron, steel and cast iron" industry

How can I contact THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION don't share phone numbers information

What adverse news is there about THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION’s has 7 bad news

What is stock symbol of THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION’s stock symbol is TIS

Where is the location of THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION is located at Zone 6, Gieng Day Ward, Ha Long City, Quang Ninh Province, Vietnam

What is THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION’s business registration?

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION business registration is 4600100155

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THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

THAI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION: A Legacy Burdened by Losses

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THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

THÁI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION

THAI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION: A Legacy Burdened by Losses

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