ZENG HSING INDUSTRIAL CO., LTD

Founded in 2008, Zeng Hsing Industrial Co., Ltd is a foreign direct investment enterprise and one of the most established manufacturers of sewing machines, overlock machines, embroidery machines, and integrated household textile machinery in Vietnam. Operating from VSIP II A Industrial Park in Binh Duong, the company supplies major global brands and supports the textile and apparel manufacturing sector across Asia and international markets.

Zeng Hsing operates with a workforce of approximately two thousand employees and maintains production capabilities that include precision metal components, plastic components, metal molds, and special purpose machinery. The company also operates a secondary facility in Ho Chi Minh City to support expanded production needs and supply chain coordination.

Leadership and Shareholders

The company is led by Mr. Liu Tung Liang, General Director, who oversees overall corporate management, manufacturing operations, investment planning, and regulatory compliance. He serves as the primary link between the Vietnam operations and the parent company in Taiwan.

Financial management and accounting activities are overseen by Vo T. H., Chief Accountant, who is responsible for financial reporting, statutory compliance, and internal control systems.

Ownership is fully consolidated under Zeng Hsing Industrial Co., Ltd of Taiwan, which holds 100 percent of the company’s equity. As of December 2024, the charter capital was USD 40 million, with full paid up capital equivalent to VND 830.32 billion, demonstrating long term parent company commitment to maintaining operational scale and investment stability.

Financial Growth and Market Risks

In 2022, Zeng Hsing Industrial Co., Ltd achieved revenue of approximately USD 123.66 million, representing a decrease compared with the previous year due to global market pressures, lower export demand for textile machinery, and adjustments in production volumes. Total assets declined by more than twenty one percent in 2022, while equity increased modestly following a return to profitability after losses in 2021. Working capital remained positive but contracted slightly, reflecting tighter operational conditions.

The company operates in an industry exposed to cyclical demand from global textile and apparel manufacturers. Market risks include fluctuations in orders from international clients, rising labor and input costs, increased competition from regional machinery producers, and exposure to foreign exchange movements. Precision machinery manufacturing also requires continuous investment in technical capabilities and quality assurance. A more detailed evaluation of liquidity, capital structure, and long term financial resilience is available in the VNBIS Company Comprehensive Report, which provides complete financial and risk insight for investors and supply chain partners.

Business Intelligence and Risk Outlook

Zeng Hsing Industrial Co., Ltd benefits from strong technical expertise, a long history of manufacturing in Vietnam, and a well developed supply chain supported by both domestic and international partners. Its location in VSIP II A Industrial Park provides efficient access to logistics corridors and a skilled labor base, supporting high volume production and export capacity.

The long term outlook remains linked to global trends in textile manufacturing automation, modernization of sewing and embroidery technology, and Vietnam’s growing role as a center for garment production. Continued investment in product quality, technological upgrades, and operational efficiency will be critical to maintaining competitiveness. The company’s established relationship with its Taiwanese parent ensures strategic stability and access to advanced machinery design standards, which are key strengths in a demanding and innovation driven sector.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating Zeng Hsing Industrial Co., Ltd and its financial and operational position.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.