VINACOMIN - THANH HOA CO DINH CHROMITE JOINT STOCK COMPANY.

VINACOMIN - THANH HOA CO DINH CHROMITE JOINT STOCK COMPANY, locally known as Công ty Cổ phần Cromit Cổ Định Thanh Hóa - TKV, is an established enterprise operating in the mining industry of Vietnam. Officially registered on 23 October 2006, the company holds Business ID 2801007917 and maintains its legal status as an active joint stock company. Its head office is located at No. 338A, Ba Trieu Street, Nua Town, Trieu Son District, Thanh Hoa Province, Vietnam, positioning it strategically near Vietnam’s mineral-rich central region.

The company specializes in the mining of non-ferrous metal ores, which is a core part of Vietnam’s extractive industry and closely linked to the nation’s industrial and export activities. The leadership is headed by Le H. Cuong, who serves as Director. Under his management, the company employs around 155 staff members, reflecting a mid-sized operational structure within the mining sector.

Financially, VINACOMIN - THANH HOA CO DINH CHROMITE JOINT STOCK COMPANY demonstrates a strong revenue base but uneven profit performance. As of 31 December 2023, the company reported total assets of approximately USD 22.15 million, representing a decrease of 15.16 percent from the previous year. Total equity stood at USD 5.75 million, down slightly by 2.78 percent year-on-year. Despite these declines in assets and equity, the company achieved total sales of USD 111.19 million, a significant 33.94 percent increase compared to 2022.

However, this growth in sales was accompanied by a net loss of USD 164,180 for 2023. This is a reversal from the profit of USD 140,486 in 2022 and indicates a profitability challenge despite rising revenue. This financial pattern suggests operational or cost management pressures, a factor that should be carefully considered in any business partnership, investment, or credit decision.

The company’s ownership structure is primarily controlled by Vietnam National Coal and Mineral Industries Holding Corporation Limited, which holds 94.8 percent of the shares, with Nam Viet Corporation holding 5.08 percent. This concentrated ownership implies a stable governance framework but also aligns the company closely with state-linked industrial operations.

For potential investors, lenders, or business partners, understanding and monitoring the financial data and risk profile of VINACOMIN - THANH HOA CO DINH CHROMITE JOINT STOCK COMPANY is essential. The company’s declining asset base, negative working capital, and recent profit loss indicate financial risk factors that should not be overlooked.

To effectively minimize financial risks and gain a deeper, up-to-date understanding of the company’s financial health, it is strongly recommended to consult VNBIS (Vanguard Business Information LLC). Through its Business Verification Services and Risk Management tools, VNBIS provides comprehensive, verified financial insights that enable businesses to make informed and secure decisions when engaging with mining enterprises like VINACOMIN.