THAI TRUNG ROOLING JOINT STOCK COMPANY

THAI TRUNG ROOLING JOINT STOCK COMPANY (Công Ty Cổ Phần Cán Thép Thái Trung) is a prominent player in Vietnam’s steel industry, headquartered in Group 13, Cam Gia Ward, Thai Nguyen City, Thai Nguyen Province. Registered on August 29, 2008, under Business ID 4600451322, this publicly held company operates under the short name TTR.JSC and is listed on the UPCOM stock exchange with the symbol TTS.

The company has established itself as a key manufacturer of iron, steel, and cast iron products, specializing in reinforcement bars and other steel goods vital to Vietnam's infrastructure and construction sectors. Despite previous contractions, TTR showed strong recovery in 2024, reporting total sales of USD 219.31 million—a 27.96% year-on-year increase. Profitability also improved significantly, with net profit rising to USD 461,064, up 280.8% from the previous year. Total assets stood at USD 52.94 million, and equity increased slightly to USD 12.57 million, maintaining a healthy capital base.

However, challenges remain. The company’s working capital was negative at USD -15.38 million by the end of 2024, suggesting pressure on short-term liquidity and potential operational constraints. Nevertheless, its continued growth in revenue and profit indicates resilience and effective management amidst industry fluctuations.

The leadership team is headed by Chairman Hoang D. S., with Tran T. as General Director and Phan D. H. as Deputy General Director. The company is majority-owned (93.68%) by Thai Nguyen Iron and Steel Joint Stock Corporation, underscoring its strategic alignment within Vietnam’s broader metallurgical ecosystem.

From the perspective of Vanguard Business Information LLC (VBI), THAI TRUNG ROOLING JOINT STOCK COMPANY is a significant industrial entity offering investment potential but should be carefully evaluated for financial risk, particularly in liquidity management. The company’s long-standing operations and its link to a major steel corporation provide a solid foundation for continued growth, particularly as Vietnam’s infrastructure demands continue to expand.