Hao Canh Porcelain Production And Trading Company Limited (Vietnam)

HAO CANH CO.,LTD is a privately held company, which specializes in manufacturing and trading sanitary wares, showers, accessories for sanitary ware products, bowls, dishes, and fine arts ceramics under the brands HC, Minh Chau, Trung Kien. Currently, the subject has six factories with a production capacity is about 7,000 products of sanitary ware per day and about 180,000 products of bowls and dishes per day. About 45% of finished products are exported to Cambodia (mainly), Laos, Philippines, Myanmar, Nigeria, South Korea, India, etc.It is known that the subject's business operation also has been affected by COVID and post-COVID, but sales still grew slightly over the years although it was rather humble against the assets scale. After 2 consecutive years of losses in 2018 and 2019, the subject recorded positive profit in the period 2020 - 2022 but was still humble although the GPM was an extremely large advantage in the industry with a ratio of over 30%. The company's operation largely depended on external sources, especially the other payable. Regrettably, we could not clarify this item from the person in charge, but it might be from internal sources. Generally, the financial structure was still acceptable.