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Xinxing Ductile Iron Pipes Co., Ltd. Class A

Xinxing Ductile Iron Pipes Co., Ltd. Class A

SSZSE:000778
3.51
CNY
0.00
(0.00%)
0.24EPS
16.59P/E
14.70BMarket Cap
Xinxing Ductile Iron Pipes Co., Ltd. Class A
SZSE:000778
(Shenzhen Stock Exchange)

Recent

price

3.51

P/E

ratio

16.59

div

yld

1.76%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
13.08
18.27
20.46
21.46
16.68
13.73
13.26
10.52
10.16
10.25
10.76
13.36
11.97
10.84
9.08
9.34
10.17
Revenue per Share
0.47
0.51
0.44
0.35
0.23
0.16
0.11
0.28
0.53
0.38
0.45
0.5
0.42
0.34
0.04
0.24
0.22
Basic EPS, GAAP
-0.61
-1.3
-0.82
-0.95
0.08
0.25
-0.21
0.51
0.48
0.04
0.56
0.02
0.22
0.14
-0.06
0.61
- -
Free Cash Flow per Basic Share
0.14
0.18
0.61
0.39
0.36
0.37
0.26
0.24
0.32
0.34
0.3
0.3
0.26
0.25
0.17
0.1
0.06
Dividend per Share
3.65
4.05
4.16
4.37
4.56
4.66
4.77
4.94
5.14
5.31
5.54
5.9
6.18
6.38
6.37
6.66
6.61
Book Value per Share
3.14
3.85
3.89
4.19
4.37
4.46
4.57
4.73
4.67
5.03
5.26
5.47
5.73
5.93
5.9
6.14
5.89
Tangible Book Value per Share
2,875
2,875
2,875
2,939
3,644
3,643
3,934
3,933
3,991
3,991
3,991
3,991
3,990
3,991
3,987
3,965
3,963
Basic Weighted Avg Shares
37,621
52,528
58,816
63,064
60,793
50,031
52,160
41,369
40,547
40,890
42,961
53,301
47,760
43,253
36,194
37,022
40,318
Sales/Revenue/Turnover
4.82
4.62
3.02
1.57
0.99
0.81
2.03
6.05
12.12
8.16
8.59
6.44
4.09
2.81
1.22
3.51
3.1
Operating Margin (%)
711
870
1,113
1,461
1,340
1,152
1,041
1,159
1,169
1,443
1,282
1,182
1,590
1,637
1,722
1,623
- -
Depreciation Expense
1,351
1,465
1,266
1,031
835
600
440
1,090
2,101
1,497
1,812
2,007
1,676
1,351
167
947
886
Net Income, GAAP
12.39
20.33
15.5
27.86
44.91
41.77
44.11
31.3
32.55
22.59
27.48
25.95
15.73
12.11
125.88
17.1
23.13
Effective Tax Rate (%)
3.59
2.79
2.15
1.63
1.37
1.2
0.84
2.64
5.18
3.66
4.22
3.76
3.51
3.12
0.46
2.56
2.2
Profit Margin (%)
3,498
4,727
1,086
1,829
-1,674
400
-1,950
737
1,474
2,814
2,922
3,230
7,483
4,820
6,320
3,158
2,164
Working Capital
1,710
6,313
7,328
8,413
6,677
7,842
4,723
4,585
3,693
5,421
3,945
4,860
9,823
6,836
7,568
4,077
2,941
LT Debt
12,065
13,426
14,001
17,311
17,703
18,309
18,450
20,703
21,707
22,354
24,154
26,339
27,590
28,482
28,177
29,152
28,696
Total Equity
9.23
7.82
4.64
3.21
-0.68
0.13
0.23
3.32
6.14
4.24
5.34
5.59
4.43
3.34
-0.17
2.31
2.1
Return on Invested Capital (%)
8.64
7.48
5.88
4.96
4.58
3.67
2.63
4.56
7.25
5.06
5.58
5.62
4.44
3.99
0.62
2.83
2.57
Return on Capital (%)
13.31
13.22
10.71
7.4
5.14
3.57
2.56
5.88
10.44
7.18
8.37
8.79
6.96
5.39
0.66
3.66
3.43
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,755
7,034
6,390
LT Borrowings
4,074
3,639
2,939
LT Finance Leases
3
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,963
3,963
3,963
Market Capitalization
16,566
18,310
14,703

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,164
21,089
19,690
Cash, Cash Equivalents & STI
7,543
5,367
5,558
Accounts Receivable, Net
3,819
4,094
3,991
Inventories
5,712
5,493
5,208
Total Current Liabilities
18,006
18,173
17,526
Payables & Accruals
- -
- -
- -
ST Debt
6,755
7,034
6,390
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.83%
3.88%
3.46%
Free Cash Flow
45.12%
-58.46%
-1,109.87%
Net Income, GAAP
55.9%
70.58%
465.67%
Sales/Revenue/Turnover
-2.23%
-1.96%
2.29%
Total Cash Common Dividend
-9.27%
-18.08%
-42.08%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,124
9,607
8,349
9,114
36,194
2025
8,375
9,353
- -
9,839
37,022
2026
9,876
11,250
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.06
0.01
-0.08
0.04
2025
0.03
0.07
- -
0.06
0.24
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
-0.02
0.15
-0.01
0.17
2025
0.02
0.02
- -
0.01
0.1
2026
0.02
0.01
- -
- -
- -
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Business
Xinxing Ductile Iron Pipes Co., Ltd. specializes in manufacturing and marketing ductile iron pipes primarily used for water and gas distribution. The company’s core product portfolio includes centrifugal ductile iron pipes; ductile iron pipe fittings; steel smelting and rolling products; composite steel-plastic pipes; hot-rolled ribbed steel bars; cold heading steel; and various special steel products such as bimetallic composite pipes, high-alloy steel pipes, stainless steel pipes, and steel gratings. It also produces municipal castings, automobile castings, engineering metallurgical castings, and mining and metallurgical heavy machinery castings, serving industries including water supply, drainage, industrial and mining water, seawater desalination, petroleum, petrochemical, electric power, aviation, high-speed rail, military, and construction. The company operates multiple production bases across key regions in China and some countries along the Belt and Road Initiative, with major export markets spanning approximately 120 countries globally. Founded in 1997 and headquartered in Wu'an, China, Xinxing Ductile Iron Pipes Co., Ltd. is a leading state-owned enterprise integrating asset management, capital operation, and production management within the metal products industry. It is recognized for its technological innovation, strategic sales and production layout, and brand value, holding a dominant position in the domestic market with expanding international presence. The company reported revenues of approximately RMB 35 billion (about USD 5.19 billion) in recent fiscal periods, with China accounting for over 96% of sales and increasing export activities contributing to international growth. Recent major company developments include the signing of a land lease contract with Egypt-TEDA SEZone Development Company to establish a new manufacturing facility in Egypt, underlining its strategic expansion into international markets to increase production capacity and consolidate its leading market position globally. It continues to focus on research and development to enhance product quality and meet evolving regulatory standards. The company has also engaged in strategic partnerships and sustained investment in production technology upgrades to improve energy efficiency and reduce emissions. Xinxing maintains a diversified product expansion with new offerings in high-end bimetallic composite pipes and special coated pipes for specialized industrial applications. Overall, Xinxing Ductile Iron Pipes Co., Ltd. operates primarily within the metals and mining and iron and steel sectors, targeting municipal, industrial, and infrastructure markets. It maintains comprehensive vertical integration encompassing pipe manufacturing, steel production, and casting with a strong emphasis on high-quality, durable solutions for fluid transportation and infrastructure construction needs domestically and internationally. The company holds a significant competitive advantage rooted in its established brand, extensive manufacturing capacity of over 1.5 million tons annually, and ongoing strategic expansions overseas.