THANH LONG TRADING CONSTRUCTION TRANSPORTATION COMPANY LIMITED

THANH LONG TRADING CONSTRUCTION TRANSPORTATION COMPANY LIMITED(CÔNG TY TNHH THƯƠNG MẠI XÂY DỰNG VẬN TẢI THANH LONG)

Business ID / TIN: 0304133227
Established: 12 December 2005
Legal Form: Limited Liability Company
Place of Registration: Ho Chi Minh City Department of Planning and Investment
Director: Ho Kien Phong
Ownership: Privately held
Charter Capital: USD 9,859,907

With more than 20 years of operation, THANH LONG TRADING CONSTRUCTION TRANSPORTATION COMPANY LIMITED has positioned itself in Vietnam’s construction materials sector, particularly in the manufacture of concrete and related products. The company operates actively and maintains a diversified business scope covering manufacturing, wholesale distribution, freight transport, construction finishing, and civil engineering works.

Business Operations and Market Position

The company’s core activity focuses on manufacturing and trading decorative tiles, alongside the production of concrete, cement, and plaster articles. Its registered business lines extend to wholesale of construction materials, machinery and equipment distribution, freight transportation by road, building completion services, plumbing and air conditioning installation, site preparation, and property trading.

Headquartered in Ho Chi Minh City, the company operates from:

• Transaction Office: Vinh Loc Industrial Park, Binh Chanh District

• Registration Address: Binh Tan District

• Showroom: District 10, Ho Chi Minh City

This strategic footprint allows the company to serve both industrial and retail segments within the southern Vietnam construction ecosystem.

Financial Performance Overview

Over the past three fiscal years, the company has experienced significant fluctuations in performance.

Key Financial Indicators (USD)

Performance Trends

The financial trajectory shows a sharp contraction in 2024:

• Assets declined by 51.15% YoY

• Sales decreased by 80.99% YoY

• Profit dropped by 86.4% YoY

• Equity decreased moderately by 7.62%

The most notable change is the steep decline in revenue from USD 96.66 million in 2022 to USD 11.6 million in 2024. Despite the revenue contraction, the company remains profitable, although margins have significantly compressed.

Interestingly, working capital reached USD 7.02 million in 2024, increasing substantially compared to the prior year, indicating a possible restructuring of short-term assets and liabilities or a slowdown in operational turnover.

Net worth remains solid at approximately USD 9.8 million, reflecting that the company still maintains a relatively stable capital base despite reduced operational scale.

Ownership Structure

The company has three Vietnamese shareholders:

• Ho Kien Phong – 35%

• Pham Thi Hong Loan – 35%

• Nguyen Van Nghia – 30%

The ownership structure is relatively balanced, with no single majority shareholder, suggesting shared control among the founding members.

Risk and Strategic Considerations

The dramatic decline in revenue and assets in 2024 raises several analytical questions:

• Is the company undergoing restructuring or downsizing?

• Has there been a major project completion or loss of key contracts?

• Is the market demand for construction materials temporarily depressed?

• Has the company shifted from manufacturing to a more asset-light trading model?

While equity remains relatively stable, the sharp drop in turnover significantly impacts profitability and operational scale. Future performance will depend on whether the company can restore revenue growth or successfully reposition its business model.

Conclusion

THANH LONG TRADING CONSTRUCTION TRANSPORTATION COMPANY LIMITED remains an active enterprise with over two decades of experience in Vietnam’s construction materials industry. Although 2024 reflects a major contraction in financial performance, the company retains a stable equity base and continues operating across multiple registered business lines.

For investors, partners, or credit institutions, careful monitoring of revenue recovery, asset stabilization, and working capital management will be critical in assessing the company’s forward outlook.