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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited logo

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited

1938.HK

HKSEBasic MaterialsSteel

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Latest quote

HK$0.285

−HK$0.005 · -1.72%

Aug 21, 3:51 PM HKT

1938.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. is an investment holding company that manufactures and sells welded steel pipes. It operates through the Steel Pipes and Property Development and Investment segments. The company primarily produces large-diameter longitudinal welded steel pipes used for energy transmission, such as oil and gas pipelines.

Industry
Steel
Sector
Basic Materials
Headquarters
CN
CEO
Chang Chen
Listed since
Feb 10, 2010
Employees
846

Market position

Day range

Current HK$0.285

52-week range

Current HK$0.285

Open
HK$0.29
Previous close
HK$0.29
Volume
5K
0.03× average
Average volume
191.85K
Average daily volume
Market cap
288.18M HKD
Beta
0.47
Market reference 1
50-day average
HK$0.2315
+23.09% above average
200-day average
HK$0.302
-5.62% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.97B CNY
P/E (TTM)
1×
P/B (TTM)
0.17×
P/S (TTM)
0.11×
EV / EBITDA
17.98×
Earnings yield
93.52%
Free cash flow yield
46.77%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
18.52%
Operating margin
0.73%
Net margin
10.47%
Return on equity
16.47%
Return on assets
4.16%
Return on invested capital
-0.29%

Financial health

Debt / equity
1.16×
Current ratio
0.92×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%11%-1%-14%Gross margin, FY2021: 10.78%Gross margin, FY2022: 19.92%Gross margin, FY2023: 20.91%Gross margin, FY2024: 17.60%Gross margin, FY2025: 18.52%Operating margin, FY2021: -10.86%Operating margin, FY2022: 4.46%Operating margin, FY2023: 4.04%Operating margin, FY2024: 2.22%Operating margin, FY2025: 0.73%Net margin, FY2021: -5.20%Net margin, FY2022: 6.90%Net margin, FY2023: 6.93%Net margin, FY2024: 7.23%Net margin, FY2025: 10.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.78%. Gross margin FY2022 19.92%. Gross margin FY2023 20.91%. Gross margin FY2024 17.60%. Gross margin FY2025 18.52%. Operating margin FY2021 -10.86%. Operating margin FY2022 4.46%. Operating margin FY2023 4.04%. Operating margin FY2024 2.22%. Operating margin FY2025 0.73%. Net margin FY2021 -5.20%. Net margin FY2022 6.90%. Net margin FY2023 6.93%. Net margin FY2024 7.23%. Net margin FY2025 10.47%.

Income trends

Revenue

2.35B CNY-20.00%

Operating income

17.13M CNY-73.72%

Net income

246.31M CNY+15.82%
Income trends across reported periods3.25B CNY2B CNY744.07M CNY−510.68M CNYRevenue, FY2021: 1.81B CNYRevenue, FY2022: 2.36B CNYRevenue, FY2023: 2.65B CNYRevenue, FY2024: 2.94B CNYRevenue, FY2025: 2.35B CNYOperating income, FY2021: −196.99M CNYOperating income, FY2022: 105.45M CNYOperating income, FY2023: 107.2M CNYOperating income, FY2024: 65.18M CNYOperating income, FY2025: 17.13M CNYNet income, FY2021: −94.35M CNYNet income, FY2022: 163.03M CNYNet income, FY2023: 183.78M CNYNet income, FY2024: 212.67M CNYNet income, FY2025: 246.31M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.81B CNY. Revenue FY2022 2.36B CNY. Revenue FY2023 2.65B CNY. Revenue FY2024 2.94B CNY. Revenue FY2025 2.35B CNY. Operating income FY2021 −196.99M CNY. Operating income FY2022 105.45M CNY. Operating income FY2023 107.2M CNY. Operating income FY2024 65.18M CNY. Operating income FY2025 17.13M CNY. Net income FY2021 −94.35M CNY. Net income FY2022 163.03M CNY. Net income FY2023 183.78M CNY. Net income FY2024 212.67M CNY. Net income FY2025 246.31M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.35B CNY2.94B CNY2.65B CNY2.36B CNY1.81B CNY
Cost of goods sold1.92B CNY2.42B CNY2.1B CNY1.89B CNY1.62B CNY
Gross profit435.53M CNY517.41M CNY554.21M CNY470.62M CNY195.52M CNY
Research and development113.12M CNY127M CNY107.64M CNY64.28M CNY64.53M CNY
Selling, general, and administrative305.27M CNY325.24M CNY335.56M CNY300.89M CNY316.54M CNY
Operating expenses418.4M CNY452.23M CNY443.2M CNY365.17M CNY303.35M CNY
Interest income1.66M CNY175K CNY180K CNY3.74M CNY2.58M CNY
Interest expense93.58M CNY110.22M CNY94.55M CNY44.64M CNY144.25M CNY
Depreciation and amortization68.04M CNY65.14M CNY41.54M CNY75.86M CNY50.05M CNY
Operating income17.13M CNY65.18M CNY107.2M CNY105.45M CNY−196.99M CNY
Net income246.31M CNY212.67M CNY183.78M CNY163.03M CNY−94.35M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.24
FY2025 · +14.29% year over year
Latest fiscal-year revenue
2.35B CNY
FY2025 · -20.00% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.270.140.01-0.13FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.05B2.6B2.15B1.7BFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.076

2013 complete year+204.0% since 2011

Corporate action history

Dividend

Ex-dividend Jun 14, 2013

HK$0.076

Annual

Record Jun 17, 2013 · Payment Jul 11, 2013

Dividend

Ex-dividend May 29, 2012

HK$0.057

Annual

Record May 30, 2012 · Payment Jun 27, 2012

Dividend

Ex-dividend Jun 3, 2011

HK$0.025

Annual

Record Jun 7, 2011 · Payment Jun 28, 2011

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