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THUAN HAI ENERGY CORPORATION

Active

Business ID 0316812495

84-28 / 3622 6880

THUAN HAI ENERGY CORPORATION

Active

Business ID 0316812495

84-28 / 3622 6880

THUAN HAI ENERGY CORPORATION

Active

Summary

Name:

THUAN HAI ENERGY CORPORATION

Business ID (TIN):

0316812495

Date of Registration:

15 Apr 2021

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

M Floor, Thuan Hai Building, Lot Vb.20a2, Road 24, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3622 6880

Financial Statement:

2021, 2022, 2023, 2024

Founded on 15 April 2021, THUAN HAI ENERGY CORPORATION is a privately held joint stock company operating in the energy sector, with its core activities revolving around the wholesale of solid, liquid, and gaseous fuels. Headquartered at M Floor, Thuan Hai Building, Lot Vb.20a2, Road 24, Tan Thuan Export Processing Zone, District 7, Ho Chi Minh City, the company is also known for investing in advanced boiler systems to supply steam, heat, and electricity to industrial clients across Vietnam.

The company is led by Duong T. S., who serves as the General Director, supported by a leadership team with a strong background in energy trading and engineering solutions. While relatively young in terms of corporate history, THUAN HAI ENERGY CORPORATION has rapidly built a significant presence, thanks to its parent company, Thuan Hai Corporation, which holds a 99% ownership stake. The remaining shares are held by Duong T. C. and Duong T. S., each owning 0.5%.

Financially, the company’s performance in 2023 reveals a mixed but noteworthy trajectory. Total assets increased to USD 67.48 million, a 6.65% growth compared to 2022, while equity rose sharply by 35.6% to USD 27.52 million, strengthening the company’s capital base. However, sales fell slightly by 5.71% to USD 134.33 million, reflecting potential fluctuations in fuel demand or pricing dynamics. Profit dropped by 22.79% to USD 4.18 million, a decline from the strong gains achieved in 2022. Nevertheless, the company maintains a healthy working capital of USD 10.31 million, which ensures operational liquidity and ongoing investments in infrastructure.

THUAN HAI ENERGY CORPORATION operates in a capital-intensive industry that is highly sensitive to energy price volatility, supply chain constraints, and environmental regulations. While its strong equity growth is a positive indicator, the decrease in profit suggests the company may need to optimize cost structures or diversify its energy portfolio to maintain competitiveness. Its activities extend beyond fuel trading to include power generation, electricity distribution, steam production, and even waste collection, showcasing a broad energy-related ecosystem.

For stakeholders, THUAN HAI ENERGY CORPORATION presents both opportunities and risks. Its rapid growth and backing from a major shareholder are strong positives, but the recent decline in profitability indicates the need for prudent risk management. Vanguard Business Information LLC (VBI) provides comprehensive company verification and financial analysis services, helping partners and investors assess the financial stability and operational reliability of companies like THUAN HAI ENERGY CORPORATION before forming long-term business relationships.

Legal Profile

English Name:

THUAN HAI ENERGY CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN THUẬN HẢI ENERGY

Short Name:

TH ENERGY

Business ID (TIN):

0316812495

Date of Registration:

15 Apr 2021

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

DUONG T.S

Address:

M Floor, Thuan Hai Building, Lot Vb.20a2, Road 24, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3622 6880

Business Sector

Key business lines:

VSIC:

4661 Wholesale of solid, liquid and gaseous fuels and related products

NACE:

46.71 Wholesale of solid, liquid and gaseous fuels and related products

Industry Sales Growth

CAGR (2019 - 2023)

7.31%

YoY (2023)

-7.98%

Companies by industry

Company distribution and propportions

22,314

0.7675%

Key Industry Players

Top 10 companies in wholesale of solid, liquid and gaseous fuels and related products industry

vietnam national petroleum group petrovietnam oil corporation vinacomin - coal import export joint stock company dong thap petroleum trading import export joint stock company vietnam air petrol company limited (skypec) thanh le corporation vinacomin - northern coal trading joint stock company (translated name) area 2 petroleum company - one member limited liability company (translated name) region i petroleum company - one member limited liability company petrolimex aviation fuel joint stock company

Payment History

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Financial Performance

Assets	85.63%
Owner’s Equity	-7.14%
Working Capital	88.83%
Net Worth	-11.00%
Sales	80.85%
Operating income	-51.86%
EBIT	-43.78%
Gross Profit Margin	-46.05%
Debt to EBITDA	9.42%

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About THUAN HAI ENERGY CORPORATION

When did THUAN HAI ENERGY CORPORATION start operating?

THUAN HAI ENERGY CORPORATION was started in 15 Apr 2021

What industry does THUAN HAI ENERGY CORPORATION operate in?

THUAN HAI ENERGY CORPORATION is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact THUAN HAI ENERGY CORPORATION?

THUAN HAI ENERGY CORPORATION phone numbers is 84-28 / 3622 6880

What adverse news is there about THUAN HAI ENERGY CORPORATION?

THUAN HAI ENERGY CORPORATION’s has no negative news

What is stock symbol of THUAN HAI ENERGY CORPORATION?

THUAN HAI ENERGY CORPORATION is not listed company

Where is the location of THUAN HAI ENERGY CORPORATION?

THUAN HAI ENERGY CORPORATION is located at M Floor, Thuan Hai Building, Lot Vb.20a2, Road 24, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam

What is THUAN HAI ENERGY CORPORATION’s business registration?

THUAN HAI ENERGY CORPORATION business registration is 0316812495

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