Jiangsu Changbao Steel Tube Co. Ltd. Class A
SSZSE:0024785.87
CNY
-0.01
(-0.17%)
ISIN
CNE100000TX7
Return %
Stock
S&P 500
1Y
-5.32
13.14
3Y
-0.17
80.78
5Y
48.61
67.74
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
CNY
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
CNY
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CNY
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in mil. unless spec.Company Description
- CEO
- Song Lin Chen
- Full Time Employees
- 2,118
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- No.558, Yanling East Road Changzhou JS China 213018
- IPO Date
- Sep 7, 2010
- Website
- cbsteeltube.com
- Similar Companies
- Business
- Jiangsu Changbao Steeltube Co.,Ltd is a China-based manufacturer specializing in the research, development, production, and sales of special steel tubes, with a focus on seamless steel pipes primarily serving the oil and gas, power generation, petrochemical, automotive, and engineering machinery industries. The company's main products include oil country tubular goods (OCTG) such as tubing, casing, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill pipes, and slotted pipes; boiler tubes for power plants including water heaters, U-bended tubes, and supercritical and ultra-supercritical tubes; automobile precision tubes including hydraulic cylinder piping and axle tubes; petrochemical tubes including those resistant to low temperature and high pressure fertilizers; and mechanical steel pipes for construction and engineering machinery like boom pipes and hydraulic cylinder pipes. Changbao operates three production bases in Changzhou, Jintan, and Oman, with an annual production capacity reaching 1 million tons of special steel tubes. Founded in 1958 and headquartered in Changzhou City, Jiangsu Province, the company is strategically located within the Yangtze River Delta region and is listed on the Shenzhen Stock Exchange since 2010 (ticker: 002478.SZ). In the last one to two years, Jiangsu Changbao Steeltube has pursued a global expansion strategy, including establishing a manufacturing base in Oman and actively exploring international markets. The company is advancing a key high-end upgrade project focused on special materials, with construction and trial production scheduled for completion by the third quarter of 2025. This upgrade involves developing high-performance, high-strength, anti-collapse, and corrosion-resistant pipes to meet increasing market demand. Additionally, the boiler tube segment currently operates at full capacity with a favorable market outlook for 2025, and the company continues to enhance its product structure in this area. Despite a slight revenue decrease year-over-year reported in 2024, Changbao maintains a strong emphasis on technological advancement and product innovation to sustain competitiveness in complex global and domestic environments. The company also closely monitors tariff policies and international trade dynamics, with limited impact reported from U.S. tariffs due to its product export structure. Jiangsu Changbao Steeltube serves both domestic and international customers, supplying high-grade steel tubes broadly exported to Europe, the Americas, the Middle East, CIS countries, Southeast Asia, Australia, and Africa. Its clientele includes major oil and gas companies, power plant operators, automotive manufacturers, petrochemical firms, and construction machinery producers. The company possesses significant R&D capabilities with a specialized steel research institute focused on advanced pipe-end processing technologies and non-API product development aimed at high-strength and precision applications. Overall, Jiangsu Changbao Steeltube Co.,Ltd is a leading steel pipe manufacturer in China with comprehensive product lines across several critical industrial sectors, ongoing international expansion, and a strategic focus on high-end material development and production capacity optimization to strengthen its market position globally.