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Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.

Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.

HHKEX:1938
0.18
HKD
+0.02
(+9.58%)
293.23MMarket Cap
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
HKEX:1938
(Hong Kong Exchange)

Recent

price

0.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.71
3.34
3.88
2
2.65
2.51
1.43
0.86
1.66
1.18
1.13
1.79
2.34
2.62
2.91
2.33
- -
Revenue per Share
0.07
0.23
0.31
0.04
-0.36
0.02
-1.48
-0.86
-0.49
-0.14
0.62
-0.09
0.16
0.18
0.21
0.24
- -
Basic EPS, GAAP
-0.96
-0.68
-0.43
-1.99
-0.69
-0.19
0.64
0.54
0.02
0.47
0.04
-0.96
0.14
0.33
0.14
0.12
- -
Free Cash Flow per Basic Share
- -
0.02
0.05
0.06
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.97
2.18
2.44
3.58
3.22
3.15
1.54
0.83
0.22
0.05
0.85
0.82
0.92
1.06
1.23
1.48
1.48
Book Value per Share
1.97
1.84
1.93
2.73
2.18
2.07
0.34
-0.29
-0.86
-1.04
0.85
0.82
0.92
1.06
1.23
1.48
1.48
Tangible Book Value per Share
982
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
1,011
Basic Weighted Avg Shares
1,681
3,377
3,926
2,027
2,679
2,539
1,443
873
1,682
1,194
1,142
1,813
2,362
2,651
2,940
2,352
- -
Sales/Revenue/Turnover
6.74
9.84
11.61
0.88
-6.31
-7.61
-35.55
-49.34
-7.77
-12.14
-8.9
-5.95
16.99
8.5
7.32
7.3
- -
Operating Margin (%)
42
42
61
106
139
167
203
170
166
132
128
78
76
42
81
84
- -
Depreciation Expense
70
231
311
41
-359
19
-1,496
-872
-499
-139
623
-94
163
184
213
246
- -
Net Income, GAAP
21.06
17.45
18.55
49.36
- -
82.27
- -
- -
- -
- -
28.95
134.04
- -
- -
- -
- -
- -
Effective Tax Rate (%)
4.18
6.83
7.93
2.05
-13.41
0.74
-103.62
-99.88
-29.66
-11.63
54.55
-5.2
6.9
6.93
7.23
10.47
- -
Profit Margin (%)
1,000
1,021
1,248
432
-747
-394
-2,724
-2,167
-40
141
-950
146
77
-846
-427
-292
-292
Working Capital
240
732
1,636
2,580
2,824
3,456
1,887
2,021
4,242
3,762
1,488
840
810
154
841
678
678
LT Debt
1,991
2,200
2,464
3,619
3,269
3,200
1,568
846
230
55
857
826
931
1,076
1,239
1,495
1,495
Total Equity
3.87
7.43
7.54
0.12
- -
-0.36
- -
- -
- -
- -
22.77
-4.29
- -
- -
- -
- -
- -
Return on Invested Capital (%)
3.85
7.77
7.77
1.76
- -
0.58
- -
- -
- -
- -
19.89
-3.99
- -
- -
- -
- -
- -
Return on Capital (%)
4.77
11.01
13.34
1.36
-10.45
0.58
-63.19
-73.07
-94.71
-101.44
136.65
-11.22
18.56
18.31
18.37
18.02
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,024
953
1,037
LT Borrowings
841
744
678
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,011
1,011
1,011
Market Capitalization
161
209
263

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,686
3,487
3,166
Cash, Cash Equivalents & STI
53
45
21
Accounts Receivable, Net
353
500
471
Inventories
2,625
2,083
2,132
Total Current Liabilities
4,113
3,794
3,458
Payables & Accruals
- -
- -
- -
ST Debt
1,024
953
1,037
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
127.31%
12.1%
20.65%
Free Cash Flow
-60.17%
-485.04%
-14.17%
Net Income, GAAP
-910.78%
-68.74%
15.82%
Sales/Revenue/Turnover
6.87%
18.44%
-20%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,651
2024
- -
- -
2,940
2025
- -
- -
2,352

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.18
2024
- -
- -
0.21
2025
- -
- -
0.24

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited manufactures and sells a comprehensive range of welded steel pipe products including longitudinal submerged arc welded (LSAW) steel pipes, spiral submerged arc welded (SSAW) steel pipes, electric resistance welded (ERW) steel pipes, and clad/lined pipes such as corrosion-resistant alloys (CRA). The company also produces various steel pipe fittings including bends, elbows, reducers, tees, crosses, pressure vessels, spun-welded end covers, and flanges. Its steel pipes serve multiple industries including onshore and offshore petroleum development, petrochemicals, city gas networks, mining, coal chemicals, offshore platforms, infrastructure construction, steel structures, and water utilities. In addition to manufacturing, Chu Kong operates in related areas such as steel pipe casing and lining, port services, metallurgy equipment, tubular pile products, property development, and property investment activities. The company serves markets globally, including Mainland China, Africa, Europe, the Middle East, Asia, South America, and North America. Founded in 1997 and headquartered in Zhuhai, China, Chu Kong is the largest manufacturer and exporter of longitudinal submerged arc welded steel pipes in China. In recent developments, Chu Kong has secured major project contracts such as the East African Crude Oil Pipeline (EACOP) framework agreement for LSAW steel pipes, and has delivered significant shipments of steel pipes for petrochemical projects like Shandong Yulong Petrochemical. Technological advancements include overcoming manufacturing challenges for submerged arc welding helical pipes with extra-large thickness up to 30 mm. The company has won bids for major infrastructure projects including steel pile pipes for the Guangxi Liquefied Natural Gas (LNG) Phase III Expansion Project. Chu Kong maintains strategic partnerships and participation with international energy companies, evidenced by its involvement in major supplier events such as the TotalEnergies Supplier Day 2024. These activities highlight the company’s expanding global footprint and commitment to innovation in steel pipe manufacturing for energy and infrastructure sectors.