VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY (VNRM) was established on August 3, 2009, under Business ID: 0800740412, registered with the Hai Duong Province Department of Planning and Investment. The company’s head office is in Zone 2, Phu Thu Ward, Kinh Mon Town, Hai Duong Province, Vietnam, a region recognized for heavy industry and metallurgy.
VNRM is a foreign direct investment (FDI) enterprise with a charter capital of USD 9.22 million and a workforce of approximately 450 employees. It is 80% owned by Golden Resources International Group Corporation (British Virgin Islands). At the same time, the remaining shares are held by Tan Phu Xuan JSC and Tan An Co., Ltd. (both Vietnamese companies, each owning 10%).

Leadership and Management

The company is chaired by Guo Y. M., with Yuan K. serving as General Director and Yu Y. H. as Deputy General Director. All Chinese nationals have professional metallurgy and materials processing backgrounds, indicating strong foreign management influence and technical oversight.

Core Business and Operations

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY specializes in the manufacture of ferroalloys, iron, steel, cast iron, and secondary metal products. Its operations contribute to the local supply of raw materials for steel production, an industry closely tied to Vietnam’s construction and manufacturing growth.

Financial Highlights – Recovery Amid Declining Sales

The company’s financial data for FY2023 shows a complex mix of stabilization and challenges.

• Total assets stood at USD 40.11 million, a slight 1.59% decline year-on-year.

• Owner’s equity improved by 5.33%, reaching USD 10.72 million, reflecting capital retention and prudent management.

• Revenue, however, dropped sharply to USD 107.38 million, a 23.19% decline from 2022, suggesting weakened global steel demand and pricing pressures.

• Net profit, conversely, rebounded strongly to USD 543,010, marking a 121.65% increase after suffering a significant loss the previous year.

• Working capital remained positive at USD 13.28 million, signaling sound liquidity and operational stability.

The most significant financial indicator is the company’s return to profitability in 2023 following a downturn in 2022. Despite shrinking sales, the positive profit margin highlights successful cost optimization and efficiency improvements within its production and supply chain.

Credit Evaluation and Risk Consideration

From a credit manager’s perspective, VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY shows moderate financial strength. Its solid equity base, foreign backing, and positive profit turnaround support its creditworthiness. However, declining sales revenue and dependency on fluctuating steel markets remain key risk factors.
The company’s foreign ownership structure and export-oriented model suggest resilience, but continued vigilance over working capital utilization and market demand trends is advised.

For clients and investors seeking verified insights into Vietnam’s steel and metallurgy sector, Vanguard Business Information LLC (VBI) offers detailed Company Financial Reports and Due Diligence Analyses on VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY and other major industrial firms—helping partners minimize business risks and ensure informed credit decisions.