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TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

Active

Business ID 0100107437

84-24 / 3828 6334

TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

Active

Business ID 0100107437

84-24 / 3828 6334

TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

Active

Summary

Name:

TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

Business ID (TIN):

0100107437

Date of Registration:

10 May 1993

Registered Office:

Department of Planning and Investment in Ha Noi City

Ticker:

T12

Address:

No. 12-14, Trang Thi Street, Hang Trong Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3828 6334

Fax:

(84-24) 3824 3160

Financial Statement:

2020, 2021, 2022, 2023, 2024

TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THƯƠNG MẠI DỊCH VỤ TRÀNG THI): From Sleepy Sales to Sudden Surge—A Sharp Spike Raises Eyebrows

A quiet name tucked in Hanoi’s historic Trang Thi Street, TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY has suddenly become a company worth watching. For two years it struggled with falling sales and shrinking profit, only to erupt in 2023 with a stunning 1,496% sales increase, taking total revenue from just USD 9.28 million in 2022 to USD 148.18 million. It’s the kind of explosive growth that begs a deeper look, and perhaps some caution.

Legally established since May 10, 1993, with Business ID 0100107437, the company operates from No. 12-14, Trang Thi Street, Hang Trong Ward, Hoan Kiem District, Ha Noi City, Vietnam. Listed on UpCOM under the ticker symbol T12, it is a publicly held joint stock company, majority-owned (53%) by Hanoi Trade Joint Stock Corporation (Hapro). Its General Director, Mr. Vu T. T., oversees approximately 200 employees, with a scope of operations that includes retailing home electronics, furniture, lighting equipment, and other household goods, along with manufacturing, warehousing, apparel, printing, and logistics.

At first glance, the company’s 2023 financial data reads like a corporate fairy tale. Assets tripled, from USD 65.3 million to over USD 207 million, and working capital jumped 115.75%, landing at USD 13.95 million. But while revenue soared, profit declined. Net income slipped 6.68% to a modest USD 212,408—barely a whisper against the top-line boom. Meanwhile, equity held steady at USD 56.18 million, reflecting a lack of fresh retained earnings, despite the huge asset influx.

This unusual combination, massive revenue growth but negligible profit increase, raises questions about cost control, accounting treatment of revenues, or perhaps non-recurring business events. In the context of Vietnam private financial data and credit risk analysis, such asymmetry between turnover and profit is a flag for deeper due diligence.

In truth, TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY might be transitioning: a legacy retailer backed by a large parent, attempting to pivot or scale through new distribution channels or government-linked projects. But without a corresponding rise in profitability, the story is incomplete, and caution is warranted.

For anyone conducting business verification on this firm, this is not just a retail company; it’s a case study in dramatic change that demands answers. Only time- and careful monitoring- will tell whether it’s a new chapter of genuine expansion or a temporary accounting anomaly.

Legal Profile

English Name:

TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN THƯƠNG MẠI DỊCH VỤ TRÀNG THI

Short Name:

TRANG THI., JSC

Business ID (TIN):

0100107437

Date of Registration:

10 May 1993

Registered Office:

Department of Planning and Investment in Ha Noi City

Ticker:

T12

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ VU T.T

+ NGUYEN T.K.A

+ CHU D.T

+ NGUYEN T.Q

+ NGUYEN V.H

Address:

No. 12-14, Trang Thi Street, Hang Trong Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3828 6334

Fax:

(84-24) 3824 3160

Branch:

10B Trang Thi, Hang Trong Ward, Hoan Kiem District, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

4759 Retail sale of electrical household appliances, furniture and the like, lighting equipment and other household articles n.e.c in specialized stores

NACE:

47.59 Retail sale of furniture, lighting equipment and other household articles in specialised stores

Industry Sales Growth

CAGR (2019 - 2023)

9.21%

YoY (2023)

18.00%

Companies by industry

Company distribution and propportions

7,045

0.2423%

Key Industry Players

Top 10 companies in retail sale of electrical household appliances, furniture and the like, lighting equipment and other household articles n.e.c in specialized stores industry

trang thi commercial service joint stock company (translated name) phuong quoc huong trading and service company limited (translated name) united indochina distribution company limited (translated name) hong hanh company limited eco plus viet nam joint stock company viet dung equipment electronic company limited (translated name) hpc trading company limited (translated name) hoang duong electrical cabinet manufacturing and trading company limited solar ht electric service trading company limited opexco trading and consultancy corporation

Payment History

Purchase the report to access company details.

Financial Performance

Assets	89.88%
Owner’s Equity	-1.55%
Working Capital	-2.61%
Net Worth	63.43%
Sales	71.56%
Operating income	78.39%
EBIT	-55.94%
Gross Profit Margin	-32.23%
Debt to EBITDA	89.38%

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Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About TRANG THI COMMERCIAL SERVICE JOINT STOCK COMPANY

When did TRANG THI COMMERCIAL SERVICE JSC start operating?

TRANG THI COMMERCIAL SERVICE JSC was started in 10 May 1993

What industry does TRANG THI COMMERCIAL SERVICE JSC operate in?

TRANG THI COMMERCIAL SERVICE JSC is operating in "Retail sale of electrical household appliances, furniture and the like, lighting equipment and other household articles n.e.c in specialized stores" industry

How can I contact TRANG THI COMMERCIAL SERVICE JSC?

TRANG THI COMMERCIAL SERVICE JSC phone numbers is 84-24 / 3828 6334

What adverse news is there about TRANG THI COMMERCIAL SERVICE JSC?

TRANG THI COMMERCIAL SERVICE JSC’s has no negative news

What is stock symbol of TRANG THI COMMERCIAL SERVICE JSC?

TRANG THI COMMERCIAL SERVICE JSC’s stock symbol is T12

Where is the location of TRANG THI COMMERCIAL SERVICE JSC?

TRANG THI COMMERCIAL SERVICE JSC is located at No. 12-14, Trang Thi Street, Hang Trong Ward, Hoan Kiem District, Ha Noi City, Vietnam

What is TRANG THI COMMERCIAL SERVICE JSC’s business registration?

TRANG THI COMMERCIAL SERVICE JSC business registration is 0100107437

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