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Hue Textile Garment Joint Stock Company (Thua Thien-Hue) (Vietnam)

Main Activities: Textile Product Mills
Full name: Hue Textile Garment Joint Stock Company Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Hue Textile Garment Joint Stock Company (Huegatex) is a member of the Vietnam Textile and Garment Group. The company specializes in manufacturing, trading, and exporting various products such as fibers, knitted fabrics, garments, raw materials, and textile machinery. With an annual revenue of nearly 1,800 billion VND, Huegatex exports over 70% of its products. The company operates several factories, including a Fiber Factory equipped with imported machinery from Germany, Switzerland, and Japan, producing over 10,800 tons of fibers annually. The Knitting-Dyeing Factory is equipped with imported machinery from Germany, Switzerland, and Taiwan, producing 1,500 tons of knitted fabrics per year. The Garment Factory consists of five factories and 82 production lines, equipped with modern machinery from Japan and Taiwan, producing over 20 million garments annually, including T-shirts, Polo-shirts, jackets, shorts, sleepwear, children's clothing, and other textile products. Huegatex also has an Electrical-Mechanical Enterprise specializing in operating power transmission stations, mechanical processing, repairing, and constructing auxiliary works for member factories. The company's products are exported to the United States, Japan, the European Union, Turkey, Egypt, Portugal, Taiwan, and Colombia, while also being widely sold in the domestic market. Huegatex has received numerous awards and recognitions for its high-quality products, including the Vietnam High-Quality Goods, Golden Star of Vietnam, Business for Workers, and other prestigious awards. Huegatex has a team of skilled managers, technicians, and workers who strive to meet customer expectations. The company adheres to the ISO 9001:2015 quality management system and has obtained certifications for social compliance in garment production (SA-8000) from major US customers such as Perry Ellis, Kohl's, Dillard, Sanmar, Aand F, Costco, Daytona, and HBI. It is also certified by the Wrap organization and participates in the US Customs and Border Protection's Anti-Terrorism Partnership Program (CT-PAT) and the ISO 14001:2015 environmental management system. Huegatex aims to expand cooperation with domestic and international partners through joint ventures, business collaborations, and strategic investment to achieve long-term mutually beneficial relationships.

Headquarters
122 Duong Thieu Tuoc, Thuy Duong Ward, Huong Thuy Dist
Thua Thien-Hue; North Central Coastal Vietnam; Postal Code: 53

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Website: http://www.huegatexco.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1988
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Financial Officer
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Managing Director
Ownership Details
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63.9%
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60.86%
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8.51%
Company Performance
Financial values in the chart are available after Hue Textile Garment Joint Stock Company (Thua Thien-Hue) report is purchased.
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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
-8.36%
Total operating revenue
-8.36%
Operating profit (EBIT)
-20.71%
EBITDA
-11.32%
Net Profit (Loss) for the Period
-30.69%
Total assets
4.12%
Total equity
6.7%
Operating Profit Margin (ROS)
-1.04%
Net Profit Margin
-1.67%
Return on Equity (ROE)
-11.84%
Debt to Equity Ratio
12.87%
Quick Ratio
0.27%
Cash Ratio
-0.03%

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