THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY

THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ DỊCH VỤ THIÊN PHÚC HƯNG), also known as THIEN PHUC HUNG., JSC, is a privately held enterprise specializing in the wholesale of machinery, industrial equipment, and refrigeration supplies in Vietnam. Established in 2007, the company has built a strong presence in the mechanical and electrical supply industry, with its headquarters located at No. 48+49, Lot 6, Den Lu II Urban Area, Hoang Van Thu Ward, Hoang Mai District, Ha Noi City, Vietnam.

Key Business Information

• Business Registration Number: 0102239206
• Ownership: Privately held joint stock company
• Chairman & Director: Nguyen Ngoc Quan (65% ownership)
• Employees: 25 workers
• Website: thienphuchung.vn
• Contact Information:
  • Phone: (84-24) 2210 8887
  • Email: thienphuchungjsc@gmail.com
• Stock Address: Vinh Phuc Province, Vietnam

Financial Performance – Insights from VANGUARD BUSINESS INFORMATION LLC (VBI)

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a trusted provider of business intelligence, financial analysis, and risk assessment, THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY has demonstrated strong financial growth despite market fluctuations:

• Total sales increased by 10.26% in 2023, reaching USD 16.11 million.
• Profit surged by 154.62%, recovering from a loss of USD -90,980 in 2022 to a net profit of USD 49,697 in 2023.
• Total assets slightly declined by 3.77%, now standing at USD 7.77 million.
• Owner’s equity improved by 4.41%, indicating stability in financial health.

While THIEN PHUC HUNG., JSC faced asset and equity fluctuations in previous years, its ability to increase revenue and restore profitability highlights resilience and strategic financial management.

Business Operations and Industry Specialization

THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY is engaged in a wide range of industrial supply and trade activities, including:

• Wholesale of machinery, industrial equipment, and spare parts
• Supply of refrigeration field components and systems
• Distribution of electric cables and wires
• Processing and preserving of fruit and vegetables
• Repair and maintenance of industrial and electrical equipment
• Freight transport and logistics solutions

The company also has diversified interests in marine fishing, aquaculture, and industrial installation services, making it a multi-faceted business in Vietnam’s manufacturing and industrial sector.

Challenges and Market Positioning

While THIEN PHUC HUNG., JSC has faced challenges in asset valuation, its growth in sales and profit recoverysuggest a positive market outlook. According to VANGUARD BUSINESS INFORMATION LLC (VBI), the company remains one of Vietnam’s key suppliers of industrial equipment and refrigeration solutions, serving both domestic and international markets.

Why Choose THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY?

• Over 17 years of industry experience in industrial equipment and refrigeration solutions.
• Strong financial recovery, with increased sales and profit turnaround in 2023.
• Diversified service offerings, including wholesale, repair, and logistics.
• Strategic presence in Hanoi and Vinh Phuc, ensuring efficient distribution across Vietnam.
• Privately held ownership, providing financial stability and long-term business vision.

VBI’s Final Assessment

As a leading provider of business intelligence and financial insights, VANGUARD BUSINESS INFORMATION LLC (VBI) identifies THIEN PHUC HUNG SERVICE AND TRADING JOINT STOCK COMPANY as a dynamic and growing enterprise in Vietnam’s industrial sector. With expanding sales, increased profitability, and a strong market presence, the company remains a trusted partner for industrial equipment, refrigeration systems, and technical solutions in Vietnam.