002478 Jiangsu Changbao Steeltube
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Jiangsu Changbao Steeltube News
Changbao Co., Ltd. (002478): Special pipe exports, the little giant's high-end transformation is right
Changbao Co., Ltd. focuses on the production of small to medium caliber special seamless steel pipes. Its main products are oil well pipes and boiler tubes. The brand is well known and accounts for a high share of exports. The company has been established for more than 60 years and is located in the middle of the industrial chain. The upstream raw materials are bars, and the downstream customers are mostly
Changbao Co., Ltd. (002478): Profit increased slightly month-on-month, and sales growth is expected to accelerate
Event: The company released its report for the first quarter of 2024. The company achieved operating income of 1,03 billion yuan in the first quarter, a year-on-year decrease of 28.48%; net profit of 166 million yuan, a year-on-year decrease of 16.41%; and basic earnings per share of 0.
Changbao Co., Ltd. (002478.SZ) announced first-quarter results, net profit of 166 million yuan, a decrease of 16.41%
According to the Zhitong Finance App, Changbao Co., Ltd. (002478.SZ) released its report for the first quarter of 2024. During the reporting period, it achieved revenue of 1.03 billion yuan, a year-on-year decrease of 28.48%. Net profit attributable to shareholders of listed companies was 166 million yuan, a year-on-year decrease of 16.41%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $123 million, a year-on-year decrease of 25.08%.
Guosheng Securities: Crude steel production is falling back, and the pace of chemical bonds is expected to accelerate, and undervalued steel companies have future repair opportunities
Most of the steel sector belongs to the smelting and processing industry. Although the resource attributes are lower than the upstream extractive industry, some companies are currently in an undervalued area, and there are opportunities for future restoration.
Changbao Co., Ltd. (002478.SZ): Adequate boiler tube orders in the first quarter
Gelonghui April 11 丨 Changbao Co., Ltd. (002478.SZ) held a performance briefing on April 10, 2024 to discuss “When is the company's boiler tube order scheduled for production?” The company replied that the company had sufficient orders for boiler tubes in the first quarter.
Changbao Co., Ltd. (002478.SZ): Semiconductor engineering tubes for new energy and semiconductor specialty materials projects are ultra-pure and special gas transmission lines for semiconductor factories
Gelonghui, April 11丨Changbao Co., Ltd. (002478.SZ) held a performance briefing on April 10, 2024 to discuss “Do semiconductor tubes fall within the product category of the company's newly built new energy and semiconductor specialty materials projects?” The company replied that the semiconductor engineering tubes used in the company's new energy and semiconductor specialty materials projects are ultra-pure and specialty gas pipelines for semiconductor factories.
Express News | Changbao Co., Ltd.: It is expected that some production lines for new energy and semiconductor specialty materials projects will be put into operation one after another in the third quarter
Changbao Co., Ltd. (002478.SZ): Currently, the company's heat exchanger tubes are mainly used in power plant boilers and heat exchanger equipment in the petrochemical industry
Gelonghui, April 1 | Changbao Co., Ltd. (002478.SZ) said on the investor interactive platform that currently the company's heat exchanger tubes are mainly used in power plant boilers and heat exchanger equipment in the petrochemical industry. The company's heat exchanger tubes can be used for liquid-cooled heat transfer, but there are currently few applications. Liquid-cooled heat exchanger tubes need to differ in technical requirements according to the different forms of liquid-cooled heat exchangers and ordinary heat exchanger tubes. The company currently does not have heat exchange pipelines for data centers. According to market demand, the company will continue to develop new market products suitable for the company's product positioning and unit characteristics.
Changbao Co., Ltd. (002478) 2023 Annual Report Review: Advanced production capacity continues to be released, product structure continues to be upgraded
Event Overview: On March 29, the company released its 2023 annual report: in 2023, the company achieved revenue of 6.661 billion yuan, an increase of 7% over the previous year; net profit to mother was 783 million yuan, an increase of 66.2% over the previous year; deducted from Africa
Changbao Co., Ltd. (002478.SZ): Net profit for 2023 increased 66.24% to 783 million yuan, and plans to pay 10 to 2.8 yuan
Gelonghui, March 28 | Changbao Co., Ltd. (002478.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 6.661 billion yuan, up 7.03% year on year; net profit attributable to shareholders of listed companies was 783 million yuan, up 66.24% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 695 million yuan, an increase of 54.74% year on year; basic income per share was 0.88 yuan; it plans to distribute a cash dividend of 2.8 yuan (tax included) to all shareholders for every 10 shares.
Changbao Co., Ltd. (002478): Production capacity continues to be released, and gross export margin has increased dramatically
Net profit to mother in '23 was +66.24% year-on-year. The company that maintained the “increase in holdings” rating achieved revenue of 6.661 billion yuan (yoy +7.03%) in '23, and net profit to mother of 783 million yuan (yoy +66.24%)
Changbao Co., Ltd. (002478.SZ): Currently not involved in oil and gas long-distance pipeline products
Gelonghui, Feb. 29丨Changbao Co., Ltd. (002478.SZ) said on the investor interactive platform that the company's main products are oil and gas tubes, power plant boiler tubes, construction machinery pipes, petrochemical pipes, marine pipes, automotive pipes and other special market segments. Among them, oil and gas pipelines are mainly used in the extraction of petroleum, natural gas, shale gas, and deep-sea oil and gas resources. Currently, oil and gas long-distance pipeline products are not involved.
Changbao Co., Ltd. (002478.SZ): 2023 net profit pre-increased by 57.10%-76.21%
Gelonghui, January 23 | Changbao Co., Ltd. (002478.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 740 million yuan to 830 million yuan, up 57.10% to 76.21% year on year; net profit after deducting non-recurring profit and loss from 670 million yuan to 750 million yuan, up 49.15% to 66.96% year on year; basic earnings per share were 0.83 yuan/share — 0.93 yuan/share. During the reporting period, the company's operating performance achieved a significant increase compared to the same period last year. The main reason was the company's insistence on “specialization,
Changbao Shares (002478.SZ): 22.87 million restricted shares will be listed and circulated on December 29
Changbao Co., Ltd. (002478.SZ) issued an announcement. The number of shares that the company has lifted sales restrictions and can be listed for circulation is...
Changbao Co., Ltd. (002478.SZ): Plans to increase the capital of Changbao Jingte by 91 million yuan
On December 15, Gelonghui Co., Ltd. (002478.SZ) announced that in order to enhance the operating strength of its subsidiary Changzhou Changbao Jingte Steel Pipe Co., Ltd. (“Changbao Jingte”) and meet Changbao Jingte's capital requirements for subsequent development, the company's board of directors agreed to increase the registered capital of Changbao Jingte by RMB 91 million in the form of an increase in undistributed profits. After the capital increase is completed, Changbao Jingte's registered capital will increase from RMB 60 million to RMB 151 million, and the investment ratio of all shareholders will remain unchanged.
Changbao Co., Ltd. (002478.SZ): Currently, the products mainly include oil and gas pipelines, power plant boiler pipes, marine pipes, and other special pipes for market segments
On December 11, Gelonghui, Changbao Co., Ltd. (002478.SZ) stated on the investor interactive platform that currently the company's products mainly include oil and gas pipes, power plant boiler pipes, construction machinery pipes, petrochemical heat exchanger pipes, automobile pipes, marine pipes, and other special pipes for market segments. The company will continue to pay attention to and develop new products in new markets according to market demand, such as the new energy and semiconductor special materials projects that the company has announced. After completion, the product outline includes high-pressure pipelines for hydrogen transportation, hydrogen storage, and hydrogen refueling stations.
Changbao Co., Ltd. (002478.SZ): Jiayu Medical has reduced its holdings by a total of 3%, and the implementation of the reduction in shares has been completed
Glonghui, December 8, Changbao Co., Ltd. (002478.SZ) announced that the company recently received the “Notice Letter on the Completion of the Implementation of the Stock Reduction Plan” issued by shareholder Jiayu Medical. Since Jiayu Medical disclosed the pre-disclosure announcement on June 10, 2023, as of the date the notification letter was issued, the holdings reduction plan has been completed. It has reduced its holdings by a total of 26.7014 million shares, accounting for 3% of the total share capital on the day of the pre-disclosure announcement of the holdings reduction plan.
[BT Financial Report Instantaneous Analysis] Changbao Co., Ltd. 2023 Third Quarter Report: Revenue and net profit increased significantly, and core competitiveness continued to improve
Announcement time of this financial report: 2023-10-25 17:10:06 Changbao Co., Ltd. (stock code: 002478) is an enterprise focusing on R&D, production and sales of special special pipes. Its products are mainly used in oil and gas extraction, power plant boilers, construction machinery and petrochemicals. The company has brand advantages and leading competitive advantages in oil pipes, high pressure boiler tubes and other fields. During the reporting period, the company achieved significant increases in operating income and net profit, mainly due to seizing market opportunities, expanding new products in new markets, and releasing production capacity for new projects. In terms of assets and liabilities, the company at the end of the reporting period
Changbao Co., Ltd. (002478) 2023 Third Quarter Report Review: Continued industry prosperity, double increase in production and sales, driving performance growth
Event: The company released the performance report for the first three quarters of 2023. In the first three quarters, the company achieved operating income of 5.115 billion yuan, an increase of 13.95% over the previous year; realized net profit of 622 million yuan, an increase of 79.53% over the previous year; actual
Changbao Co., Ltd. (002478) quarterly report review: Quarterly results weaken month-on-month, profitability is expected to continue to improve
Event: The company released its report for the third quarter of 2023. In the first three quarters of 2023, the company achieved operating income of 5.115 billion yuan, an increase of 13.95% over the previous year; net profit of the mother was 622 million yuan, an increase of 79.53% over the previous year
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