Being founded in late 2019 as a 100% Chinese-invested company, the subject specializes in processing and assembling gasoline engines, gasoline generators, pressure pumps, snow removal equipment, and lawn movers... for export. All components and accessories for its processing and assembling are imported from China via CHONGQING RATO TECHNOLOGY CO., LTD, a member of the same group as the subject's parent company, as revealed.Thanks to receiving many big orders from clients in the USA, the subject's net sales expanded strongly, reaching a peak of VND 3.736 trillion in the second year of conducting production. Then, the appearance of the post-Covid economic recession noticeably harmed the subject's clients' needs. As a result, the business of the company became less busy from mid-2022. Therefore, its annual revenue during the period of 2022-2023 has suddenly decreased against that peak, as a revelation from the Chief Accountant.
Headquarters
Road D1, Yen My II Industrial Park, Trung Hung Commune
Hung Yen; Red River Delta;
Postal Code: 17000
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