THUONG DINH ELECTRICAL WIRES AND CABLES JOINT STOCK COMPANY: Steady Profits Despite Asset Decline

THUONG DINH ELECTRICAL WIRES AND CABLES JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN DÂY VÀ CÁP ĐIỆN THƯỢNG ĐÌNH) is a long-established manufacturer specializing in electric and electronic wiring products under the well-known CADISUN brand. The company, registered with Tax Code (TIN): 0100892628, has been in operation since January 2, 2008, with its headquarters located in Ha Dinh Ward, Thanh Xuan District, Hanoi.

Led by Chairman and General Director Mr. Pham Luong Hoa, THUONG DINH ELECTRICAL WIRES AND CABLES has built a reputation as one of Vietnam’s top players in the domestic electrical cable manufacturing sector. With over 17 years of experience and 686 employees, it operates a vertically integrated business across multiple facilities in Hanoi, Thanh Hoa, Nghe An, and Da Nang.

In 2023, the company recorded USD 243.94 million in revenue, marking a modest 1.89% increase year-over-year. Most impressively, net profit surged by 35.55%, reaching USD 8.02 million, which signals effective cost control and solid profit margins. Equity rose to USD 50.63 million, while working capital remained strong at USD 36.48 million, showing robust financial health.

However, it’s worth noting that total assets declined for the second consecutive year, dropping by 11.28% to USD 91.06 million. While not alarming, this trend could reflect asset restructuring or underinvestment in fixed capital—an area to monitor if sustained over time.

Overall, THUONG DINH ELECTRICAL WIRES AND CABLES JOINT STOCK COMPANY remains a profitable and stable enterprise, with well-distributed ownership and experienced leadership. The company’s consistent profits, reliable operations, and growing equity base make it a credible partner or investment opportunity, despite the recent downward trend in total assets.

For in-depth company reports, equity analysis, and risk assessments, VANGUARD BUSINESS INFORMATION LLC (VBI) offers detailed, trusted insights into Vietnam’s electrical and manufacturing sectors.