CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY

CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY (CBI), known in Vietnamese as CÔNG TY CỔ PHẦN GANG THÉP CAO BẰNG, is a joint-stock enterprise established on October 18, 2006, under Business ID: 4800162247, issued by the Cao Bang Province Department of Planning and Investment. The company’s head officeis located at No. 052, Kim Dong Street, Hop Giang Ward, Cao Bang City, Cao Bang Province, and its factory at Km 7, National Road 4A, Tan Giang Ward, Cao Bang Province. The firm currently employs 721 people and has a charter capital of USD 17.67 million. Its Tax Identification Number (TIN) is 4800162247, and it is publicly listed on the UpCOM stock exchange under the symbol CBI.

Management Structure and Ownership

The company is led by Ngo Q. T., serving as Chairman, with Nguyen V. P. as Director and Hoang M. N. as Deputy Director. CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY operates with strong state-backed ownership. As of December 31, 2024, Vinacomin – Minerals Holding Corporation holds 52.5% of the shares, followed by PC1 Group JSC with 25.1%, Ha Giang Mineral and Mechanics JSC with 9.7%, and other shareholders owning 12.7%. This ownership structure reflects the company’s significant ties to Vietnam’s state-owned industrial sector, positioning it as a critical component within the Vinacomin ecosystem.

Financial Overview

In fiscal year 2024, CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY reported total assets of USD 80.78 million, slightly up by 0.23% year-on-year. However, owner’s equity declined sharply to USD 11.39 million, down 36.85% from 2023. The company’s total revenue reached USD 89.89 million, showing a 16.37% decrease, while net profit plunged to USD –6.59 million, marking a drastic loss of over 10,000% compared with the prior year. This sharp downturn underscores the company’s struggle with increased production costs and softened domestic steel demand.

Despite the challenges, CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY remains an active and strategic industrial entity in Vietnam’s northern region. Its working capital of USD –23.71 million reflects short-term financial pressure, but its extensive production facilities and state support provide a foundation for long-term recovery and restructuring.

Business Activities and Industry Position

The company is engaged primarily in the manufacture of iron, steel, and cast iron, as well as iron ore mining. Situated in the mineral-rich province of Cao Bang, it contributes significantly to Vietnam’s metallurgical value chain, producing steel billets and cast iron for the construction and manufacturing sectors. Although its profitability has weakened, CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY continues to maintain its operations and supply commitments, supported by state investors and favorable local resources.

For business partners and investors seeking verified insights, Vanguard Business Information LLC (VBI) provides comprehensive Financial and Company Profile Reports on CAO BANG CAST IRON AND STEEL JOINT STOCK COMPANY and other leading industrial firms in Vietnam. These reports help clients evaluate financial risks, verify company legitimacy, and make informed business decisions when entering Vietnam’s expanding steel and mining sectors.