THE ANH STEEL COMPANY LIMITED

THE ANH STEEL COMPANY LIMITED (CÔNG TY TNHH THÉP THẾ ANH) is a fast-expanding steel trading enterprise headquartered in Long An Province, Vietnam. Established in December 2021, the company operates as a limited liability company, privately held under Tax Code: 1101999238. Its registered office is located at Lot X19-X20, Provincial Road 823D, Nam Thuan Industrial Park, Duc Hoa Dong Commune, Duc Hoa District, Long An Province, Vietnam.

Within just three years, THE ANH STEEL COMPANY LIMITED has significantly expanded its operations, driven by robust sales in steel distribution. The company is led by Mr. Do T. L., who serves as Director and also holds a minority stake. Major shareholders include Mr. Pham N. T. (75%) and Ms. Nguyen T. N. V. (20%), both Vietnamese nationals. The firm currently employs a lean team of 26 employees, focused on wholesale metal trading, machining, metal fabrication, and related logistics.

In 2024, the company achieved total sales of USD 190.33 million, up 25.57% from 2023, marking continued top-line growth. Total assets increased to USD 26.17 million, reflecting a 67.19% annual rise, and owners’ equity slightly improved to USD 4.36 million. However, net profit fell sharply to just USD 58,541, a 69.04% decline from the previous year, signaling growing inefficiencies or margin pressures.

Critically, the firm recorded negative working capital of USD -3.54 million, indicating that short-term liabilities exceed current assets. This liquidity strain, paired with a sharp drop in earnings despite rising revenue, raises clear financial risk concerns. While the revenue trajectory appears strong, the profitability deterioration and capital shortfall suggest that the company may face cash flow vulnerabilities or rising operational costs. Without tighter financial controls or recapitalization, these issues could undermine sustainable growth.

In conclusion, THE ANH STEEL COMPANY LIMITED is a high-growth steel distributor with notable revenue momentum, but its financials signal underlying risk. Caution is warranted, especially around liquidity management and earnings quality. Active intervention in cost control and working capital strategy will be essential for THE ANH STEEL COMPANY LIMITED to convert its top-line success into long-term financial stability.