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    Producer manufacturing

  3. •

    Industrial machinery
Zhejiang Kingland Pipeline and Technologies Co Ltd Class A

Zhejiang Kingland Pipeline and Technologies Co Ltd Class A

SSZSE:002443
10.56
CNY
-0.66
(-5.88%)
0.35EPS
30.05P/E
4.96BMarket Cap
Apr 19Next 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
6.64
5.82
4.99
5.04
7.36
9.31
9.71
9.8
13.52
11.64
11.03
8.93
8.74
8.41
Basic EPS, GAAP
0.21
0.15
0.18
0.12
0.31
0.37
0.53
1.12
0.74
0.45
0.55
0.39
0.28
0.32
Free Cash Flow per Basic Share
-0.7
0.05
0.52
-0.16
-0.2
-0.19
0.1
0.34
0.18
0.37
1.2
1.09
-0.02
- -
Dividend per Share
0.11
0.12
0.12
0.14
0.1
0.16
0.25
0.32
0.41
0.41
0.06
0.06
0.22
0.25
Book Value per Share
3.65
3.71
3.8
3.82
4.09
4.36
4.69
5.51
5.9
5.95
6.45
6.7
6.65
6.56
Tangible Book Value per Share
3.46
3.54
3.62
3.6
3.83
3.9
4.38
5.21
5.61
5.67
6.18
6.43
6.39
6.29
Basic Weighted Avg Shares
527
523
530
524
525
516
520
522
521
523
521
517
487
509
Sales/Revenue/Turnover
3,499
3,043
2,642
2,638
3,863
4,808
5,049
5,110
7,043
6,089
5,743
4,617
4,258
4,276
Operating Margin (%)
3.93
3.37
4.79
4.15
5.52
5.79
7.93
8.82
6.91
5.29
7.05
5.12
4.22
4.92
Depreciation Expense
47
45
61
63
69
75
89
76
90
94
88
90
91
- -
Net Income, GAAP
111
78
95
63
163
191
275
584
386
235
284
201
138
161
Effective Tax Rate (%)
12.72
18.06
17.91
20.49
13.73
15.27
15.47
13.62
12.01
10.58
14.07
11.63
13.55
11.11
Profit Margin (%)
3.16
2.58
3.61
2.38
4.21
3.97
5.46
11.43
5.47
3.87
4.94
4.36
3.24
3.77
Working Capital
1,178
1,084
879
790
1,119
1,360
1,712
2,077
2,290
2,355
2,679
2,856
2,924
2,988
LT Debt
- -
- -
- -
- -
132
69
- -
24
18
12
6
- -
60
160
Total Equity
2,038
2,065
2,104
2,113
2,258
2,411
2,600
3,053
3,264
3,305
3,585
3,708
3,697
3,661
Return on Invested Capital (%)
5.3
3.02
3.56
1.75
5.75
6.5
9.63
19.51
11.79
6.89
8.24
6.09
4.04
4.61
Return on Capital (%)
6.24
4.4
4.57
3.08
6.42
6.81
9.15
18.32
10.76
5.78
6.43
4.49
3.04
3.7
Return on Common Equity (%)
6.84
4.1
4.88
3.17
7.9
8.69
11.71
22.02
12.99
7.63
8.79
5.89
3.96
4.66

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
388
264
267
LT Borrowings
60
60
160
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
521
521
521
Market Capitalization
4,248
4,357
4,961

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,856
3,746
3,746
Cash, Cash Equivalents & STI
1,771
1,688
1,662
Accounts Receivable, Net
721
756
739
Inventories
852
868
837
Total Current Liabilities
932
767
758
Payables & Accruals
- -
- -
- -
ST Debt
388
264
267
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.91%
3.95%
-0.29%
Free Cash Flow
14.62%
33.85%
-102.17%
Net Income, GAAP
18.54%
-22.6%
-31.6%
Sales/Revenue/Turnover
6.82%
-1.76%
-7.79%
Total Cash Common Dividend
31.14%
36.07%
230.79%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,037
1,307
1,064
1,209
4,617
2025
878
1,142
- -
1,079
4,258
2026
936
1,119
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.1
0.04
0.15
0.39
2025
0.05
0.06
- -
0.09
0.28
2026
0.08
0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.14
-0.08
- -
0.06
2025
- -
0.21
- -
- -
0.22
2026
- -
0.03
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Lin Feng Yang
Full Time Employees
1,825
Sector
Producer manufacturing
Industry
Industrial machinery
Address
388 Funan Road Huzhou ZH China 313000
IPO Date
Jul 5, 2010
Website
chinakingland.com
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Business
Zhejiang Kingland Pipeline and Technologies Co., Ltd. (002443.SZ) manufactures and sells welded steel pipes principally for oil and gas transportation, urban infrastructure, and industrial applications; its core products include hot-dip galvanized steel pipes, steel-plastic composite pipes and fittings, stainless steel pipes and fittings, large-diameter straight seam submerged arc welded (SAWL) pipes, double-sided submerged arc welded spiral (SAWH) pipes, high-frequency welded (HFW) pipes, FBE/2PE/3PE anti-corrosion coated pipes, PP-R/PE pipes, and API-grade line pipes such as X42-X70 and oil well casings H40-J55-K55-N80; these products serve sectors including long-distance oil and natural gas pipelines, urban gas and fire protection networks, chemicals, water supply and drainage, construction, communications, ultra-high-voltage (UHV) power transmission towers, coal slurry transport, nuclear energy, and structural applications. Founded in 1981 and headquartered in Wuxing District, Huzhou City, Zhejiang Province, China, the company operates as a state-owned holding enterprise and the first domestically listed A-share firm focused on welded pipes, with subsidiaries such as Zhejiang Jinzhou Pipe Industry Co., Ltd. and Zhangjiagang Shagang Kingland Pipeline Co., Ltd.; it supplies major clients including CNPC, Sinopec, CNOOC, and State Grid, while exporting to approximately 30 countries across oil, chemical, gas, water, power, and desalination industries. In recent developments, the company completed a share repurchase program accumulating 1.38% of its shares by March 2025 at prices between 5.93 and 6.50 yuan per share for 44.93 million yuan; its subsidiary Zhangjiagang Shagang Kingland achieved successful trial production and hydrogen compatibility certification for the X60MH straight seam submerged arc welded hydrogen transmission pipeline in March 2025; additionally, Chenxun Industrial Co., Ltd. acquired a 21.24% stake from Horgos Wanmulong Equity in 2024, while the firm maintains joint ventures like Shagang Kingland and continues expansions in green energy pipelines amid participation in projects such as ExxonMobil Huizhou, Sinopec refineries, and Hengli Petrochemical integrations.