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    Non-energy minerals

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    Steel
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A

Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Class A

SSZSE:002318
17.91
CNY
+0.56
(+3.23%)
1.13EPS
21.29P/E
23.35BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.67
3.67
3.32
3.22
3.39
4.82
5.24
5.84
6.24
6.8
8.81
11.36
12.7
9.8
Basic EPS, GAAP
0.28
0.24
0.15
0.2
0.16
0.36
0.59
0.91
0.83
1.34
1.53
1.55
1.59
1.12
Free Cash Flow per Basic Share
0.01
-0.24
0.03
0.16
-0.31
0.54
0.28
1.06
0.02
0.6
1.35
0.25
1.22
- -
Dividend per Share
0.07
0.11
0.1
0.04
0.07
0.16
0.31
0.31
0.39
0.41
0.46
0.51
0.98
1.98
Book Value per Share
2.29
2.86
2.92
3.11
3.44
3.77
4.06
4.98
5.22
6.36
7.41
8.06
8.81
8.21
Tangible Book Value per Share
2.09
2.67
2.73
2.9
3.22
3.52
3.81
4.72
4.84
5.98
7.03
7.67
8.43
7.81
Basic Weighted Avg Shares
776
791
819
839
836
843
848
848
957
961
973
962
949
961
Sales/Revenue/Turnover
2,849
2,902
2,721
2,698
2,833
4,063
4,437
4,955
5,974
6,537
8,568
10,918
12,059
9,418
Operating Margin (%)
11.37
9.14
7.03
7.18
7.43
10.38
14.88
17.75
14.13
13.51
14.43
16.53
13.6
10.2
Depreciation Expense
125
152
161
185
211
217
217
216
240
280
336
361
389
- -
Net Income, GAAP
217
190
123
168
134
304
500
772
794
1,288
1,489
1,490
1,509
1,079
Effective Tax Rate (%)
15.84
16.51
17.21
17.12
12.66
18.56
14.41
14.12
11.39
6.29
14.42
16.06
21.35
22.28
Profit Margin (%)
7.62
6.55
4.51
6.22
4.72
7.47
11.27
15.57
13.29
19.7
17.37
13.65
12.52
11.45
Working Capital
511
917
805
934
2,018
2,381
1,954
2,228
1,878
2,516
3,480
2,548
3,811
4,408
LT Debt
106
106
64
61
832
868
909
48
40
200
68
10
11
31
Total Equity
1,858
2,495
2,547
2,677
2,991
3,290
3,563
4,950
5,261
6,429
7,452
8,117
8,868
8,284
Return on Invested Capital (%)
9.79
6.85
3.46
4.74
3.66
7.32
11.35
15.68
14.71
20.58
18.98
17.12
16.32
11.62
Return on Capital (%)
10.64
8.75
5.11
6.58
4.31
8.17
12.26
16.4
15.03
20.69
19.63
17.23
16.6
12.09
Return on Common Equity (%)
12.83
9.07
5.05
6.61
4.86
10
15.17
18.76
16.04
22.76
22.11
19.71
18.31
13.35

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
434
307
426
LT Borrowings
2
5
23
LT Finance Leases
9
9
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
977
977
977
Market Capitalization
28,289
29,589
23,354

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,470
8,450
9,022
Cash, Cash Equivalents & STI
2,409
2,853
2,100
Accounts Receivable, Net
1,466
1,609
1,521
Inventories
2,867
2,906
3,297
Total Current Liabilities
4,660
3,969
4,615
Payables & Accruals
- -
- -
- -
ST Debt
434
307
426
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.66%
12.51%
9.25%
Free Cash Flow
323.93%
605.46%
387.5%
Net Income, GAAP
34.43%
16.41%
1.27%
Sales/Revenue/Turnover
16.74%
19.78%
10.44%
Total Cash Common Dividend
39.81%
32.03%
90.99%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,389
2,442
2,313
3,775
10,918
2025
2,883
3,223
- -
2,312
12,059
2026
2,024
1,860
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
0.33
0.42
0.46
1.55
2025
0.41
0.46
- -
0.26
1.59
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.49
0.01
- -
0.51
2025
0.01
0.97
- -
- -
0.98
2026
- -
1.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chang Cheng Wang
Full Time Employees
4,680
Sector
Non-energy minerals
Industry
Steel
Address
South Gate of Jiuli Industrial Park Huzhou ZJ China 313028
IPO Date
Nov 12, 2009
Website
jiuli.com
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Business
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. is a publicly listed company specializing in the research, development, manufacturing, and sales of industrial stainless steel and special alloy products. Its core product portfolio includes seamless pipes, welded pipes, pipe fittings, bars, wires, bimetal composite pipes, and flanges. The company offers a diverse range of specialized products such as corrosion-resistant alloy pipes, duplex and super duplex stainless steel pipes, alloy oil well pipes, precision instrument tubes, ultra-critical boiler tubes, heat exchanger U-tubes, clad/lined pipes, and titanium or titanium alloy welded pipes. These products cater primarily to industries such as oil and gas, LNG, petrochemical, chemical, electric power (thermal and hydro), nuclear power, shipbuilding, pulp and paper, and instrumentation, serving both domestic and international markets in over 70 countries. Founded in 1987 and headquartered in Huzhou, Zhejiang Province, China, Zhejiang Jiuli Hi-Tech Metals operates as a holding subsidiary of Jiuli Group Co., Ltd. The company maintains a leading position in the industrial steel pipe sector with world-class production lines including seamless pipe hot extrusion, cold rolling, cold drawing, and welded pipe forming technologies. Zhejiang Jiuli's manufacturing capabilities include ultra-heavy wall welded pipes for oil and gas, supercritical boiler tubes for power plants, and specialized pipes for nuclear power and marine engineering applications. Its products have been adopted in hundreds of key projects globally, underscoring its role as a critical materials supplier for major corporations like CNPC, Sinopec, CNOOC, and China National Chemical Corporation. Recent major developments include strategic enhancements in product offerings to support new energy and marine engineering industries with advanced materials aimed at improving performance and durability under harsh environmental conditions, such as ocean engineering. The company has also engaged in equity buybacks as of late 2023, reflecting financial strengthening initiatives. Zhejiang Jiuli continues to expand its R&D capabilities with recognized national enterprise technology centers and post-doctoral research platforms, ensuring the advancement of high-performance materials aligned with global industrial equipment development. This strategic focus supports its mission to provide high-performance materials for global industrial sectors and respond to the evolving demand in resource-saving and environmentally friendly technologies. Zhejiang Jiuli Hi-Tech Metals is listed on the Shenzhen Stock Exchange under the ticker 002318.SZ and reported total production capacity exceeding 100,000 tons annually in stainless steel pipes, special alloy pipes, and clad/lined pipes. The company's products and services span land and marine applications, supporting sectors like offshore platforms, shipbuilding, oil and gas transportation, chemical processing, and power generation, making it a significant player in China's and the global metallurgical industry. Overall, Zhejiang Jiuli Hi-Tech Metals Co., Ltd. distinguishes itself through comprehensive industrial steel product offerings, extensive international reach, continual innovation, and strategic initiatives targeting emerging industrial trends and environmental resilience demands.