002478.SHE Jiangsu Changbao Steeltube Co Ltd
- Market cap
- CNY 4.68B
- P/E
- 19.3x
- P/B
- 0.78x
- ROE
- 3.3%
- Dividend yield
- 4.27%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002478.SHE undervalued?
Graham number002478.SHE trades 18.2% below 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?
Jiangsu Changbao Steeltube Co Ltd fundamental analysis
No fundamental analysis for Jiangsu Changbao Steeltube Co Ltd yet.
Jiangsu Changbao Steeltube Co Ltd stock price
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About Jiangsu Changbao Steeltube Co Ltd
Jiangsu Changbao Steeltube Co.,Ltd manufactures and sells steel tubes in the People's Republic of China and internationally. The company offers connection tubing and casings, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill and green pipes, and slotted pipes; boiler tubes, water heater, boilers, and U bended tubes; steel tubes for auto industry comprising automobile precision tubes, piping for hydraulic cylinders, and axel tubes; petrochemical tube…
Full company profileJiangsu Changbao Steeltube 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.
Jiangsu Changbao Steeltube 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 | 2.21B | 3.49B | 5.38B | 5.29B | 3.94B | 4.23B | 6.22B | 6.66B | 5.70B | 5.89B | 5.65B |
| Gross Profit | 308M | 534M | 1.17B | 1.35B | 697M | 356M | 859M | 1.22B | 931M | 954M | 721M |
| Operating Income | 125M | 184M | 647M | 798M | 185M | -42.8M | 507M | 852M | 761M | 549M | 369M |
| EBITDA | 295M | 345M | 834M | 992M | 390M | 326M | 788M | 1.15B | 997M | 788M | 200M |
| Net Income | 110M | 144M | 480M | 601M | 124M | 136M | 471M | 783M | 634M | 482M | 200M |
| EPS | 0.14 | 0.17 | 0.49 | 0.63 | 0.13 | 0.15 | 0.52 | 0.88 | 0.70 | 0.54 | 0.22 |
| Balance Sheet | |||||||||||
| Total Assets | 3.93B | 5.68B | 6.42B | 6.84B | 6.89B | 6.97B | 7.34B | 7.82B | 8.29B | 8.87B | 8.45B |
| Total Liabilities | 780M | 1.72B | 1.98B | 1.86B | 2.20B | 2.58B | 2.60B | 2.41B | 2.44B | 2.86B | 2.46B |
| Shareholders' Equity | 3.00B | 3.72B | 3.97B | 4.46B | 4.41B | 4.24B | 4.58B | 5.23B | 5.64B | 6.00B | 5.99B |
| Cash & Short-term Investments | 1.13B | 1.23B | 1.43B | 1.62B | 1.67B | 1.30B | 1.69B | 2.27B | 2.86B | 2.99B | 2.06B |
| Total Debt | 569M | 367M | 49.4M | 200M | 232M | 271M | 136M | 130M | 161M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 151M | 574M | 686M | 669M | 671M | -483M | 783M | 490M | 857M | 635M | - |
| Capital Expenditure | 26.9M | 70.7M | 185M | 380M | 387M | 178M | 87.0M | 196M | 252M | 205M | 139M |
| Free Cash Flow | 124M | 503M | 501M | 290M | 285M | -660M | 696M | 293M | 605M | 429M | -87.9M |
| Ratios | |||||||||||
| ROE | 3.7% | 3.9% | 12.1% | 13.5% | 2.8% | 3.2% | 10.3% | 15.0% | 11.2% | 8.0% | 3.3% |
| ROA | 2.8% | 2.5% | 7.5% | 8.8% | 1.8% | 1.9% | 6.4% | 10.0% | 7.6% | 5.4% | 2.4% |
| Net Profit Margin | 5.0% | 4.1% | 8.9% | 11.4% | 3.1% | 3.2% | 7.6% | 11.8% | 11.1% | 8.2% | 3.5% |
| Debt to Equity | 0.19x | 0.10x | 0.01x | 0.04x | 0.05x | 0.06x | 0.03x | 0.02x | 0.03x | - | - |
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.
Jiangsu Changbao Steeltube Co Ltd dividends
- Dividend yield
- 4.27%
- Forward dividend
- 0.20 CNY
- Payout ratio
- 41.5%
- Ex-dividend date
- Jun 26, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 200M | 0.22 | 41.5% |
| 2024 | CNY 256M | 0.28 | 40.3% |
| 2023 | CNY 164M | 0.18 | 20.9% |
| 2022 | CNY 71.0M | 0.08 | 15.1% |
| 2021 | CNY 89.0M | 0.10 | 65.5% |
| 2020 | CNY 124M | 0.13 | 100.1% |
| 2019 | CNY 115M | 0.12 | 19.2% |
| 2018 | CNY 101M | 0.10 | 21.1% |
| 2017 | CNY 402M | 0.48 | 279.8% |
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: 20:10 on Apr 26, 2017.
Who owns Jiangsu Changbao Steeltube Co Ltd
- Insiders 38.01%
- Institutions 5.57%
- Public & others 56.42%
- Shares outstanding 901M
- Free float 538M
Jiangsu Changbao Steeltube Co Ltd company profile
- Company name
- Jiangsu Changbao Steeltube Co Ltd
- Ticker
- 002478.SHE
- ISIN
- CNE100000TX7
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Sep 21, 2010
- Sector
- Basic Materials
- Industry
- Metals & Mining
- Employees
- 2,118
- Fiscal year end
- December
- Address
- No.558, Yanling East Road, Changzhou, China, 213018
- Phone
- 86 519 8881 3911
- Website
- cbsteeltube.com
About Jiangsu Changbao Steeltube Co Ltd
Jiangsu Changbao Steeltube Co.,Ltd manufactures and sells steel tubes in the People's Republic of China and internationally. The company offers connection tubing and casings, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill and green pipes, and slotted pipes; boiler tubes, water heater, boilers, and U bended tubes; steel tubes for auto industry comprising automobile precision tubes, piping for hydraulic cylinders, and axel tubes; petrochemical tubes, steel tubes for low temperature resistance, and high pressure fertilizer tubes; and steel tubes for engineering machinery industry, such as mechanical steel pipes, boom pipes, and piping for hydraulic cylinders. It also provides line pipes, geological drilling pipes, core barrels, rope corning drill pipe materials, gas cylinder pipes, and accumulator tubes, as well as steel pipes for marine engineering, structural purpose, and fluid transmission. The company was founded in 1958 and is based in Changzhou, China.
Jiangsu Changbao Steeltube Co Ltd management
6- Mr. Jian CaoNon-Independent Chairman of the Board & Acting Financial Manager · born 1964
- Mr. Qiaolin HanGM & Vice Chairman · born 1971
- Mr. Zheng Chun DaiDeputy GM & Non-Independent Director · born 1971
- Mr. Zhifeng LiuSecretary of the Board of Directors · born 1984
- Mr. Songlin ChenDeputy General Manager · born 1983
- Yi LuoAccounting Supervisor