002457.SHE Ningxia Qinglong Pipes Industry Co Ltd
- Market cap
- CNY 3.29B
- P/E
- 31.8x
- P/B
- 1.26x
- ROE
- 1.1%
- Dividend yield
- 1.93%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002457.SHE undervalued?
Graham number002457.SHE trades 33.5% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Ningxia Qinglong Pipes Industry Co Ltd fundamental analysis
No fundamental analysis for Ningxia Qinglong Pipes Industry Co Ltd yet.
Ningxia Qinglong Pipes Industry Co Ltd stock price
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About Ningxia Qinglong Pipes Industry Co Ltd
Qinglong Pipes Industry Group Co., Ltd, together with its subsidiaries, engages in the research and development, production, and sale of water pipelines and related products in China. The company offers concrete pipes and products, such as prestressed steel cylinder concrete pipes, reinforced wound steel cylinder concrete pipes, prestressed concrete pipes, reinforced concrete drainage pipes, reinforced concrete steel tubes, and precast concrete pipe gallery products. It also…
Full company profileNingxia Qinglong Pipes Industry Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Ningxia Qinglong Pipes Industry Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 825M | 1.21B | 1.45B | 2.00B | 2.06B | 2.44B | 2.57B | 2.06B | 2.82B | 2.63B | 2.26B |
| Gross Profit | 269M | 372M | 395M | 691M | 530M | 639M | 706M | 615M | 922M | 783M | 641M |
| Operating Income | 28.7M | 38.6M | 97.8M | 202M | 213M | 183M | 207M | 58.8M | 330M | 221M | 97.5M |
| EBITDA | 67.0M | 133M | 179M | 337M | 289M | 293M | 315M | 163M | 431M | 285M | 68.7M |
| Net Income | 21.2M | 19.3M | 73.8M | 157M | 167M | 143M | 168M | 24.9M | 268M | 130M | 28.2M |
| EPS | 0.06 | 0.06 | 0.22 | 0.47 | 0.50 | 0.43 | 0.50 | 0.07 | 0.81 | 0.39 | 0.08 |
| Balance Sheet | |||||||||||
| Total Assets | 2.91B | 2.80B | 2.88B | 3.56B | 3.66B | 4.02B | 4.17B | 4.30B | 4.54B | 4.69B | 5.09B |
| Total Liabilities | 1.08B | 960M | 997M | 1.51B | 1.45B | 1.69B | 1.65B | 1.83B | 1.84B | 1.92B | 2.33B |
| Shareholders' Equity | 1.79B | 1.81B | 1.85B | 1.97B | 2.10B | 2.18B | 2.31B | 2.27B | 2.47B | 2.55B | 2.53B |
| Cash & Short-term Investments | 347M | 453M | 230M | 534M | 507M | 449M | 512M | 460M | 598M | 771M | 688M |
| Total Debt | 291M | 165M | 350M | 430M | 309M | 540M | 570M | 476M | 604M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 173M | 101M | -181M | 351M | 101M | -136M | 76.3M | 322M | 127M | 565M | - |
| Capital Expenditure | 104M | 68.1M | 83.6M | 190M | 149M | 70.9M | 73.5M | 228M | 195M | 157M | 231M |
| Free Cash Flow | 68.6M | 32.7M | -265M | 161M | -48.8M | -207M | 2.85M | 93.9M | -68.0M | 409M | -476M |
| Ratios | |||||||||||
| ROE | 1.2% | 1.1% | 4.0% | 8.0% | 8.0% | 6.6% | 7.3% | 1.1% | 10.8% | 5.1% | 1.1% |
| ROA | 0.7% | 0.7% | 2.6% | 4.4% | 4.6% | 3.6% | 4.0% | 0.6% | 5.9% | 2.8% | 0.6% |
| Net Profit Margin | 2.6% | 1.6% | 5.1% | 7.8% | 8.1% | 5.9% | 6.5% | 1.2% | 9.5% | 4.9% | 1.3% |
| Debt to Equity | 0.16x | 0.09x | 0.19x | 0.22x | 0.15x | 0.25x | 0.25x | 0.21x | 0.24x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Ningxia Qinglong Pipes Industry Co Ltd dividends
- Dividend yield
- 1.93%
- Forward dividend
- 0.16 CNY
- Payout ratio
- 49.1%
- Ex-dividend date
- Nov 5, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 63.7M | 0.19 | 49.1% |
| 2024 | CNY 68.4M | 0.21 | 25.6% |
| 2023 | CNY 88.0M | 0.25 | 353.8% |
| 2022 | CNY 60.0M | 0.18 | 35.7% |
| 2021 | CNY 61.2M | 0.18 | 42.8% |
| 2020 | CNY 50.2M | 0.15 | 30.0% |
| 2019 | CNY 32.9M | 0.10 | 21.0% |
| 2018 | CNY 49.6M | 0.15 | 67.1% |
| 2017 | CNY 20.3M | 0.06 | 105.3% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on May 11, 2012.
Who owns Ningxia Qinglong Pipes Industry Co Ltd
- Insiders 32.88%
- Institutions 2.12%
- Public & others 65.01%
- Shares outstanding 333M
- Free float 238M
Ningxia Qinglong Pipes Industry Co Ltd company profile
- Company name
- Ningxia Qinglong Pipes Industry Co Ltd
- Ticker
- 002457.SHE
- ISIN
- CNE100000S41
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Aug 3, 2010
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 2,742
- Fiscal year end
- December
- Address
- Ningxia Water Conservancy Research & Dev, Yinchuan, China, 750002
- Phone
- 86 40 0600 1789
- Website
- qlgd.com.cn
About Ningxia Qinglong Pipes Industry Co Ltd
Qinglong Pipes Industry Group Co., Ltd, together with its subsidiaries, engages in the research and development, production, and sale of water pipelines and related products in China. The company offers concrete pipes and products, such as prestressed steel cylinder concrete pipes, reinforced wound steel cylinder concrete pipes, prestressed concrete pipes, reinforced concrete drainage pipes, reinforced concrete steel tubes, and precast concrete pipe gallery products. It also provides plastic pipe products, including polyethylene (PE), PE steel mesh skeleton, rigid polyvinyl chloride, impact-resistant modified polyvinyl chloride, PE-RT heat-resistant polyethylene heating, gas buried high-density polyethylene, and PE double-wall corrugated pipes; and drip irrigation products. In addition, the company provides insulation steel, cement mortar composite steel, plastic-coated composite steel, and 3PE anti-corrosion steel pipes. Further, the company is involved in planning, survey and design of large and medium-sized water conservancy and hydropower projects; and provision of intelligent water saving and engineering construction services. The company was formerly known as Ningxia Qinglong Pipes Industry Group Co., Ltd. and changed its name to Qinglong Pipes Industry Group Co., Ltd. in March 2025. Qinglong Pipes Industry Group Co., Ltd. was founded in 1975 and is headquartered in Yinchuan, China.
Ningxia Qinglong Pipes Industry Co Ltd management
3- Mr. Qian LiGM & Chairman · born 1977
- Mr. Yongdong SongFinancial Director, Secretary, Accounting Supervisor & Employee Director · born 1981
- Mr. Tianjiao WangDirector & Secretary · born 1990