Ricai Film Artwork Materials Co.Ltd.
Business Opportunity Assessment Report

Company Snapshot

Dongguan Ricai Film Artwork Materials Co., Ltd. is a China-based manufacturer specializing in decorative and functional plastic films, operating under the brand 'Ricai'. It functions as an OEM/ODM producer supplying metallized, iridescent, rainbow, and gift-wrapping films to downstream converters and packaging firms. The company is affiliated with Taiwan Jingyi Enterprise (founded 2003) and maintains production facilities in Dongguan, Guangdong. Its export activity is highly concentrated — over 90% of shipments fall under HS 39264000 (other plastic articles), and all documented trade flows target Vietnam exclusively. A notable shift occurred in late 2024–2025: transaction volume surged sharply (peaking at 6.08M units in Nov 2025), while port-level logistics shifted away from legacy Vietnamese ICDs toward new or reactivated channels.

Company Attribute Information

Trade Trend Analysis

Data interpretation reveals extreme temporal concentration: 78% of total transaction volume (by count) occurred in the last 12 months (Dec 2024–Nov 2025), with November 2025 alone accounting for 12.5% of the entire 3-year observed volume. This reflects not organic growth but likely a major contract ramp-up or supply chain reallocation — evidenced by the abrupt drop in port diversity and the near-total dominance of one buyer group (Sunrun Gift entities). The absence of seasonal patterns and presence of multi-million-unit monthly shipments suggest B2B bulk supply rather than spot trading. Risk-wise, this hyper-concentration signals high dependency on a single customer ecosystem and limited pricing leverage.

Trade Partner Analysis

Data interpretation shows near-total consolidation around a single Vietnamese corporate family: Sunrun Gift-related entities collectively represent 99.99% of all recorded transactions (7,046 out of 7,047). Despite naming variations (e.g., Công ty TNHH Sunrun Gift, Sunrun Gift VN Company Limited), all share identical operational footprints — same Ho Chi Minh City logistics hubs and overlapping shipment timelines. The 'loss' status of two subsidiaries since mid-2024 suggests internal restructuring rather than market exit, reinforcing vertical integration within one buyer group. Risk-wise, zero diversification across buyers implies critical exposure to any contractual, financial, or regulatory change affecting Sunrun Gift.

HS Code Analysis

Data interpretation highlights product-line discipline: HS 39264000 (‘other articles of plastics’, including decorative laminates and film-based packaging components) accounts for 90.6% of all transactions — confirming Ricai’s role as a functional film supplier, not raw resin or masterbatch producer. The secondary code HS 39219090 (‘other plastic plates, sheets, film… not elsewhere specified’) — newly active since 2025 — signals a strategic pivot toward broader substrate applications (e.g., flexible packaging base films), possibly to meet evolving Sunrun Gift specifications. The marginal appearance of HS 95051000 (festive articles) and 54049000 (synthetic filament yarn) are outliers with no continuity. Risk-wise, narrow HS focus limits adaptability to regulatory shifts (e.g., EU plastic restrictions targeting specific film additives or end-uses).

Trade Region Analysis

Data interpretation confirms absolute geographic singularity: 100% of documented export activity targets Vietnam — no shipments to Thailand, Indonesia, India, or other ASEAN markets appear in the dataset. This is consistent with Ricai’s positioning as a dedicated supplier to Sunrun Gift’s Vietnam-based gift packaging operations. The sustained ‘Maintained’ status through Nov 2025 — alongside record volumes — indicates deep embeddedness in local value chains, not opportunistic exporting. Risk-wise, full regional dependence exposes Ricai to Vietnam-specific policy risks (e.g., import licensing changes, VAT adjustments on plastic imports, or labor cost inflation impacting buyer margins).

Export Port Analysis

Data interpretation uncovers a logistical pivot: all top-10 ports are Vietnamese inland container depots (ICDs) or terminals — none are seaports. The dominance of TNHH XNK Tay Nam, ICD Transimex SG, and ICD III – Transimex — all located in Ho Chi Minh City’s industrial zones — confirms Ricai’s shipments feed into domestic Vietnamese assembly/packaging lines, not transshipment. Critically, all ports show 'Lost' status as of Dec 2024, suggesting either data lag or rapid channel rotation — yet transaction volume continued rising, implying new, unrecorded logistics partners have been onboarded. Risk-wise, reliance on third-party ICDs increases vulnerability to terminal congestion, fee hikes, or customs clearance delays in Vietnam’s landlocked logistics corridors.

Contact Information

• Official Website: https://dgricai.goldsupplier.com/
• ECVV Profile: https://www.ecvv.com/company/dgricaim/index.html
• ChinaASEANTrade Profile: https://www.chinaaseantrade.com/index.php?homepage=dgricai
• Panjiva Supplier Report: https://panjiva.com/Ricai-Film-Artwork-Materials-Co-Ltd/38055466
• Email: Not publicly listed in verified sources
• Phone: Not publicly listed in verified sources
• Address: No. 11 Banhu Road, Huangjiang Town, Dongguan City, Guangdong, China

Ricai Trade Summary

• Operates as a specialized OEM film supplier — not a distributor or brand owner.
• Entire export footprint is Vietnam-exclusive and buyer-concentrated (Sunrun Gift group).
• Core product line is stable (HS 39264000), with recent expansion into broader plastic sheet/film categories (HS 39219090).
• Transaction surge since late 2024 reflects contract scaling — not market diversification.
• High operational risk due to single-market, single-buyer, and narrow-product dependencies.