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Et Solar Technology (Vietnam) Company Limited (Vietnam)

Main Activities: Battery Manufacturing
Secondary Activities: All Other Support Services
Full name: Et Solar Technology (Vietnam) Company Limited Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

ET SOLAR is a 100% FDI company founded in Aug 2019 in Bac Giang Province, Vietnam, specializing in the manufacture of solar panels. Its products are on-spot exported or exported overseas in accordance with the directions of the parent company - ET SOLAR POWER HONGKONG LIMITED, and also supplied to other clients. According to a male staff of the import-export department, about 99% of its output is on-spot exported this year. Running the commercial operation in 2020, the subject has achieved impressive growth in both revenue and profit annually. Recently, it has raised the total registered investment capital to USD 87 million to invest in the expanded project, lifting the production capacity up to 2,500 MW/year from 600 MW/year initially. As revealed, the expanded factory is still under construction now. Putting into the official operation of the new factory in the coming time is expected to further scale up its business.

Headquarters
Lot D (D-2), Quang Chau Industrial Park, Quang Chau Commune
Bac Giang; North Eastern Vietnam; Postal Code: 26000

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
August 15, 2019
Key Executives
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General Director
Ownership Details
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100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
137.37%
Total operating revenue
137.37%
Operating profit (EBIT)
218.24%
Net Profit (Loss) for the Period
251.04%
Total assets
24.56%
Total equity
208.16%
Operating Profit Margin (ROS)
2.58%
Net Profit Margin
3.36%
Return on Equity (ROE)
3.09%
Debt to Equity Ratio
-49.38%
Quick Ratio
0.49%
Cash Ratio
0.19%

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