THUAN PHAT HAI DUONG ONE MEMBER COMPANY LIMITED

THUAN PHAT HAI DUONG ONE MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN THUẬN PHÁT HẢI DƯƠNG) is a privately held industrial manufacturer specializing in structural metal products and cold-rolled steel production. Established on 23 September 2010 and headquartered in Hai Duong Province, the company has more than 15 years of operational experience in Vietnam’s steel and metal processing sector.

Operating as a one-member limited liability company with charter capital of approximately USD 6.37 million, THUAN PHAT employs around 150 workers. The company maintains its main production facility in Binh Giang District, Hai Duong Province, with an additional transaction office in Ha Noi to support commercial and administrative activities.

Financially, the company reported total assets of USD 33.5 million. Revenue reached USD 59.48 million, reflecting a year-on-year decline of nearly 9% amid softer market demand. The company recorded a net loss of USD 1.47 million, a deeper deficit than in previous years. Owner’s equity decreased significantly to USD 3.04 million, while working capital turned negative at USD -2.95 million, indicating short-term liquidity pressure.

Over the past three years, revenue has gradually contracted following a strong 2022 performance. Profitability has remained negative throughout the period, with losses widening in 2024. The continuous erosion of equity and the weakening of working capital suggest financial strain in a challenging steel market environment marked by price volatility and margin compression.

Mr. TRAN T. B. chairs the company and is wholly owned by THUAN PHAT STEEL PIPE JOINT STOCK COMPANY, which holds 100% of equity. As a member within a larger steel group structure, THUAN PHAT HAI DUONG ONE MEMBER COMPANY LIMITED remains operationally active. However, financial stabilization and balance sheet strengthening appear to be key priorities in the future.