Shandong Longquan Pipe Industry Co., Ltd. Class A

Shandong Longquan Pipe Industry Co., Ltd. Class A

SSZSE:002671
3.81
CNY
+0.02
(+0.53%)
-0.02EPS
2.09BMarket Cap
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
4.97
2.98
1.15
1.85
2.01
2.14
3.11
1.67
2.34
1.79
1.99
2.1
2.77
2.21
Basic EPS, GAAP
0.65
0.38
0.06
0.07
0.11
-0.2
0.02
-0.18
0.03
-1.15
0.05
0.12
0.09
-0.03
Free Cash Flow per Basic Share
-0.28
-0.69
-0.62
-0.06
-0.23
0.18
0.59
-0.71
-0.22
-0.12
-0.13
0.03
0.53
- -
Dividend per Share
0.4
0.16
0.16
0.08
0.08
0.09
0.07
0.04
0.03
0.05
0.04
0.04
0.04
0.04
Book Value per Share
3.48
3.22
3.27
4.28
4.42
4.23
4.24
3.85
3.89
2.78
2.84
2.95
2.92
2.92
Tangible Book Value per Share
3.3
2.91
2.81
3.33
3.37
3.19
3.27
3.1
3.13
2.23
2.3
2.54
2.42
2.43
Basic Weighted Avg Shares
189
435
429
429
487
473
360
500
589
557
556
547
527
560
Sales/Revenue/Turnover
939
1,295
492
792
977
1,012
1,118
837
1,376
997
1,108
1,146
1,460
1,238
Operating Margin (%)
21.41
20.22
16.35
12.32
14.03
7.04
-0.36
-5.93
2.74
-15.26
5.97
12.36
13.74
8.26
Depreciation Expense
27
63
63
73
98
120
122
126
127
127
95
136
156
- -
Net Income, GAAP
123
165
26
30
54
-95
7
-90
18
-640
28
66
47
-18
Effective Tax Rate (%)
26.16
26.06
30.92
37.92
33.28
- -
38.01
- -
49.14
- -
27.65
- -
42.31
306.55
Profit Margin (%)
13.09
12.77
5.23
3.79
5.49
-9.35
0.64
-10.76
1.28
-64.25
2.51
5.72
3.25
-1.46
Working Capital
877
855
570
498
561
485
429
652
594
583
562
759
1,075
1,102
LT Debt
247
207
115
13
40
64
21
- -
- -
40
106
199
305
274
Total Equity
1,294
1,453
1,471
2,072
2,109
2,013
2,021
2,191
2,214
1,573
1,604
1,665
1,687
1,687
Return on Invested Capital (%)
8.93
8.7
1.02
-0.03
1.75
- -
0.27
- -
0.6
- -
1.03
- -
2.19
-0.56
Return on Capital (%)
10.43
10.12
2.91
2.4
3.17
- -
1.12
- -
1.29
- -
2.2
- -
2.28
-2.35
Return on Common Equity (%)
11.98
12.15
1.79
1.71
2.57
-4.61
0.36
-4.3
0.8
-33.93
1.75
4.01
2.87
-1.1

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
364
249
278
LT Borrowings
303
303
272
LT Finance Leases
2
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
563
563
563
Market Capitalization
2,951
3,086
2,090

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,997
1,846
1,841
Cash, Cash Equivalents & STI
568
457
420
Accounts Receivable, Net
800
781
817
Inventories
300
340
327
Total Current Liabilities
922
749
739
Payables & Accruals
- -
- -
- -
ST Debt
364
249
278
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.61%
-4.16%
1.36%
Free Cash Flow
151.96%
310.01%
1,772.82%
Net Income, GAAP
-548.33%
-768.42%
-27.63%
Sales/Revenue/Turnover
15.22%
15.77%
27.34%
Total Cash Common Dividend
-7.91%
1.51%
-0.95%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
131
288
354
374
1,146
2025
178
440
- -
281
1,460
2026
203
315
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.04
0.11
-0.02
0.12
2025
-0.03
0.09
- -
-0.13
0.09
2026
-0.01
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.04
2025
0.01
0.01
- -
0.01
0.04
2026
0.01
0.02
- -
- -
- -

Company Description

CEO
Bo Fu
Full Time Employees
1,107
Sector
Non-energy minerals
Industry
Construction materials
Address
No. 36, Jianshan East Road Changzhou JS China 213000
IPO Date
Apr 10, 2012
Website
lq-pipe.cn
Business
Shandong Longquan Pipe Industry Co., Ltd. (002671.SZ) manufactures, sells, installs, and services prestressed concrete cylinder pipes (PCCP), metal pipe fittings, and related infrastructure products in China. The company offers a comprehensive range of concrete pipelines including PCCP, reinforced concrete pipes (RCP), prestressed concrete pipes (PCP), embedded and lined prestressed concrete cylinder pipes, non-prestressed concrete cylinder pipes, PVC-lined prestressed steel cylinder concrete pipes, socket-end sprayed zinc alloy prestressed steel cylinder concrete pipes, armored joint prestressed concrete cylinder pipes, embedded steel cylinder concrete low-pressure drain pipes, lined concrete cylinder low-pressure sewer pipes, and reinforced concrete drainage pipes for jacking and slotting construction methods; metal products such as 3PE anti-corrosion steel pipes, stainless steel corrugated pipes, spiral steel pipes, straight seam steel pipes, seamless inclined tees, high-pressure hydrogen pipe fittings, and factory-refabricated pipe assemblies; additional solutions encompassing prefabricated wind turbine concrete towers, prefabricated integrated pipe galleries, full lifecycle management services for underground pipeline networks, smart pipe network engineering, municipal anti-corrosion design and construction, and power station valves including those for Nantong Power Station. Founded in 2002 and headquartered at No. 533 Yanjiang East Road, Changzhou, Jiangsu Province, China, the company operates 10 production bases across China with cumulative pipe production exceeding 3,600 kilometers, serving water conservancy, power plants, municipal infrastructure, and industrial sectors primarily in provinces including Shandong, Shanxi, Henan, Hebei, Beijing, Tianjin, Inner Mongolia, Liaoning, Jiangsu, Anhui, Zhejiang, and Gansu; it functions as an A-share listed entity on the Shenzhen Stock Exchange under Jianhua Holding Group with approximately 1,155 employees. In July 2023, the company changed its name from Shandong Longquan Pipeline Engineering Co., Ltd. to its current form to reflect its expanded focus on pipe industry operations; most recently, in 2025, its wholly-owned subsidiary Xinfeng Pipe Industry secured a RMB 50.76 million contract from China Guangdong Nuclear Power Engineering Co., Ltd. for alloy steel and controlled chromium steel pipe fittings in the BT and TY Projects' conventional island sections, underscoring ongoing expansions in nuclear power and high-end fittings supply.