The subject was established in 2009 in Ha Noi City, Vietnam. It specializes in manufacturing and trading wood products including plywood, finger joint laminated board acacia deck tiles, pallets, etc, As revealed, all of the company's products were exported to foreign countries, in which about 50% were exported to South Korea, from 2021 the export market was extended into USA and European countries. In 2023, According to the sales department, the revenue was doubled compared to 2022. Financially, the subject witnessed significant growth in net revenue from VND 346 billion in 2019 to VND 696.4 in 2021. After that, the net sales decreased slightly to VND 687.8 billion in 2022. At the same time, the COGS dropped considerably, accounting for only 88.9% of the net revenue in 2022. As a result, the gross profit seemed optimistic. On the contrary, in 2022, the administrative overheads of the subject peaked at VND 75 billion. Consequently, the net operating of 2022 went down by nearly 23% compared to that of 2021. In this period, The subject expanded its assets considerably, which was at VND 146 billion in 2022. As a trading company, the total assets mainly focused on the current assets, of which the account receivables, and the VAT to be deducted were mainly occupied. In 2022, the subject supplemented the cash and cash equivalents, reaching a high of 17.7 billion in 2022. As a result, the subject might not face the difficulties in payments. In terms of the resources, the leverage of the subject was acceptable. The liabilities by Total assets and the Liabilities by Owner's Equity were at 62.23% and 164.77% respectively. Plus the subject's charter capital increased up to VND 50 billion in 2022. Therefore, the financial structure of the subject was safe.
Headquarters
No. 6 Alley 76/8, Duy Tan Street
Ha Noi (municipality); Red River Delta;
Postal Code: 10000-14000
Contact Details: Purchase the Long Dat Import - Export And Production Corporation report to view the information.
Website: https://longdat.com
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