An Cuong High-Tech Building Materials Joint Stock Company (Vietnam)

Established in early 2018 in Hai Duong Province, AN CUONG BUILDING MATERIALS., JSC is known as a member company of AN PHAT HOLDINGS JOINT STOCK COMPANY. Currently, HANOI PLASTICS JOINT STOCK COMPANY, a subsidiary of AN PHAT HOLDINGS JOINT STOCK COMPANY holds directly 94.86% shares at the subject. The direct ownership ratio of AN PHAT HOLDINGS JOINT STOCK COMPANY at the subject is only 0.023%.The subject is engaged in manufacturing wall panels, SPC flooring. According to the subject's chief accountant, about 95% of its products are exported to countries as The USA, Germany, UK, France, Belgium, Turkey, Spain, etc. The USA is the major market which takes about 90% of export revenue. As reported data, Net sales decreased by 12.40% to stand at VND 634.3 billion in 2022; after jumping sharply in the previous years. As reconfirmed by the chief accountant, sales quantities still increased slightly in 2022. However, the company sells its products at CIF price. Because shipping rates in 2021 were high and it had decreased in 2022, the average selling price of the subject in 2022 decreased. Therefore, revenue decreased in 2022. Up to 18 Dec 2023, the subject recorded about VND 584 billion in revenue. Revenue for the whole of 2023 will be above VND 600 billion but it will be slightly lower than in 2022. However, profit had an uptrend, she added.