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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
Zhejiang Kingland Pipeline and Technologies Co Ltd Class A
SZSE:002443
(Shenzhen Stock Exchange)

Recent

price

10.56

P/E

ratio

30.05

div

yld

2.39%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.86
7.44
8.13
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
Revenue per Share
0.2
0.15
0.24
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
Basic EPS, GAAP
-0.14
-0.24
-0.36
-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
- -
Free Cash Flow per Basic Share
0.06
0.09
0.12
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
Dividend per Share
2.86
2.98
3.16
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
Book Value per Share
2.77
2.89
2.98
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
Tangible Book Value per Share
373
425
419
527
523
530
524
525
516
520
522
521
523
521
517
487
509
Basic Weighted Avg Shares
2,555
3,162
3,408
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
Sales/Revenue/Turnover
4.36
3.12
4.16
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
Operating Margin (%)
21
23
44
47
45
61
63
69
75
89
76
90
94
88
90
91
- -
Depreciation Expense
73
62
101
111
78
95
63
163
191
275
584
386
235
284
201
138
161
Net Income, GAAP
16.58
19.43
15
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
Effective Tax Rate (%)
2.86
1.96
2.97
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
Profit Margin (%)
929
987
903
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
Working Capital
38
38
38
- -
- -
- -
- -
132
69
- -
24
18
12
6
- -
60
160
LT Debt
1,223
1,267
1,483
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
Total Equity
6.26
3.68
5.91
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 Invested Capital (%)
7.68
5.21
7.1
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 Capital (%)
8.86
4.99
7.77
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
Return on Common Equity (%)

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
- -
- -
- -
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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.