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Qinglong Pipes Industry Group Co., Ltd. Class A

Qinglong Pipes Industry Group Co., Ltd. Class A

SSZSE:002457
10.73
CNY
+0.13
(+1.23%)
0.33EPS
35.71P/E
4.08BMarket Cap
Qinglong Pipes Industry Group Co., Ltd. Class A
SZSE:002457
(Shenzhen Stock Exchange)

Recent

price

10.73

P/E

ratio

35.71

div

yld

2.96%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.1
2.99
2.35
3.71
2.52
2.36
2.34
3.76
4.31
5.99
6.16
7.33
7.65
5.8
8.53
7.91
8.14
Revenue per Share
0.45
0.36
0.23
0.34
0.17
0.14
0.06
0.06
0.22
0.47
0.5
0.43
0.5
0.07
0.81
0.39
0.34
Basic EPS, GAAP
-0.28
-0.36
-0.17
- -
0.14
0.29
0.19
0.1
-0.79
0.48
-0.15
-0.62
0.01
0.26
-0.21
1.23
- -
Free Cash Flow per Basic Share
0.14
0.13
0.07
0.06
0.08
0.04
0.05
0.06
0.14
0.15
0.17
0.24
0.24
0.25
0.21
0.19
0.32
Dividend per Share
4.26
4.59
4.75
5.06
5.18
5.31
5.36
5.4
5.59
5.88
6.26
6.52
6.9
6.79
7.4
7.63
7.56
Book Value per Share
4.09
4.36
4.47
4.71
4.88
5.01
5.03
5.07
5.26
5.14
5.51
5.8
6.22
6.03
6.63
6.88
6.77
Tangible Book Value per Share
274
333
330
334
340
347
353
321
335
334
335
333
336
355
331
332
327
Basic Weighted Avg Shares
852
995
775
1,239
856
819
825
1,207
1,447
1,999
2,064
2,437
2,574
2,061
2,818
2,628
2,662
Sales/Revenue/Turnover
18.22
14.57
11.22
12.47
11.59
8.08
7.97
11.98
7.51
12.5
9.84
10.36
9.88
6.8
13.02
8.41
7.12
Operating Margin (%)
23
27
32
48
61
50
26
77
71
122
83
88
86
78
91
112
- -
Depreciation Expense
123
120
76
113
58
49
21
19
74
157
167
143
168
25
268
130
112
Net Income, GAAP
17.38
16.57
19.25
17.82
24.42
25.67
24.25
64.82
19.62
20.39
13.01
13.32
6.43
25.33
11.73
19.46
23.79
Effective Tax Rate (%)
14.39
12.03
9.8
9.16
6.74
5.93
2.57
1.6
5.1
7.84
8.11
5.87
6.54
1.21
9.5
4.93
4.21
Profit Margin (%)
1,205
1,245
1,268
1,182
726
750
715
848
944
877
1,080
1,250
1,519
1,340
1,489
1,463
1,433
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
30
- -
31
52
9
16
14
LT Debt
1,466
1,547
1,600
1,702
1,747
1,800
1,832
1,840
1,906
2,047
2,205
2,332
2,517
2,477
2,699
2,770
2,740
Total Equity
11.25
8.05
4.28
6.42
3.35
2.27
1.1
0.67
3.78
6.96
7.59
6.1
6.79
1.54
10.06
4.12
3.08
Return on Invested Capital (%)
11.82
7.85
5.14
6.87
3.23
2.97
1.33
1.22
3.8
7.03
6.39
5.65
5.59
0.75
8.3
4.4
3.6
Return on Capital (%)
12.79
8.08
4.85
6.91
3.37
2.76
1.19
1.07
4.01
8.17
8.24
6.68
7.48
1.08
11.29
5.17
4.49
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
594
782
845
LT Borrowings
- -
- -
- -
LT Finance Leases
16
15
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
333
333
333
Market Capitalization
3,645
3,618
4,079

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,318
3,301
3,399
Cash, Cash Equivalents & STI
887
592
613
Accounts Receivable, Net
1,430
1,316
1,348
Inventories
622
907
969
Total Current Liabilities
1,855
1,824
1,967
Payables & Accruals
- -
- -
- -
ST Debt
594
782
845
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.46%
4.74%
2.61%
Free Cash Flow
126.45%
509.63%
-700.59%
Net Income, GAAP
117.95%
168.53%
-51.58%
Sales/Revenue/Turnover
14.21%
6.75%
-6.76%
Total Cash Common Dividend
20.3%
3.74%
-6.92%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
359
720
649
1,090
2,818
2025
282
651
- -
1,060
2,628
2026
252
700
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.22
0.13
0.47
0.81
2025
-0.02
0.06
- -
0.24
0.39
2026
-0.02
0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.1
0.1
- -
0.21
2025
0.01
0.17
- -
0.01
0.19
2026
0.01
0.13
- -
- -
- -
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Business
Qinglong Pipes Industry Group Co., Ltd. Qinglong Pipes Industry Group Co., Ltd. (002457.SZ), formerly Ningxia Qinglong Pipes Industry Group Co., Ltd., engages in the research, development, production, and sale of water pipelines and related products primarily in China. The company offers a comprehensive range of concrete pipes, including prestressed concrete cylinder pipes (PCCP), rebar-wrapped concrete cylinder pipes (BCCP), prestressed concrete pipes (PCP), reinforced concrete pipes (RCP), prestressed steel cylinder concrete pipes (JCCP), non-prestressed concrete cylinder pipes (RCCP), and precast concrete integrated pipeline corridors; plastic pipe products such as polyethylene (PE) pipes, PE steel mesh skeleton composite pipes, rigid polyvinyl chloride (PVC-U) pipes, impact-resistant modified polyvinyl chloride pipes, PE-RT heat-resistant polyethylene heating pipes, gas-buried high-density polyethylene pipes, and PE double-wall corrugated pipes, along with drip irrigation products and water-saving irrigation equipment; steel pipes comprising insulation steel pipes, spiral welded steel pipes, cement mortar composite steel pipes, plastic-coated composite steel pipes, and 3PE anti-corrosion steel pipes; as well as engineering services including planning, survey, design for large and medium-sized water conservancy and hydropower projects, intelligent water-saving solutions, project construction, operation, and maintenance. It operates 19 subsidiaries and production bases across regions including Ningxia, Gansu, Beijing, Tianjin, Hebei, Henan, Hubei, Shaanxi, Guangxi, Inner Mongolia, and Xinjiang, plus 21 branches nationwide and a provincial-level水利 design institute, serving municipal water systems, irrigation, urban drainage, gas distribution, and heating applications for infrastructure projects. Founded in 1975 by the former Ministry of Water Resources and Electricity and headquartered in Yinchuan, Ningxia Hui Autonomous Region, China, the company listed on the Shenzhen Stock Exchange in 2010 and changed its name to Qinglong Pipes Industry Group Co., Ltd. in March 2025. Recent developments include securing an 87.3 million yuan cement product supply contract with Ningxia Water Conservancy, completing a CNY 40 million share buyback program in 2024 repurchasing 3,161,700 shares or 0.95% of its capital, and contributing to major projects such as the South-to-North Water Diversion Middle Route, Ebei Water Resources Allocation, and Beijing Daxing Airport.