Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (HKG:1938)

Hong Kong · Delayed Price · Currency is HKD

0.1830

+0.0160 (9.58%)

Oct 23, 2026, 2:26 PM HKT

HKG:1938 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,574	2,352	2,940	2,651	2,362	1,813
Revenue Growth	-33.06%	-20.00%	10.90%	12.23%	30.26%	58.82%
Gross Profit	304.7	435.53	517.41	550.4	470.62	184.07
Operating Income	-50.44	41.73	81.21	35.29	87.19	-164.33
Net Income	118.72	246.31	212.67	183.78	163.03	-94.35
Earnings Per Share	0.12	0.24	0.21	0.18	0.16	-0.09
EPS Growth	-51.80%	15.82%	15.72%	12.72%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Steel Pipes	1,565	2,217	2,788	2,391	1,810	1,803
Property Development and Investment	9.13	135.35	152.32	260	551.92	10.8
Total	1,574	2,352	2,940	2,651	2,362	1,813

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	370.63	284.16	280.92	260.72	267.19	638.46
Total Debt	1,836	1,768	1,873	1,897	2,166	2,259
Net Cash (Debt)	-1,466	-1,484	-1,592	-1,636	-1,899	-1,621
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.45	-1.47	-1.57	-1.62	-1.88	-1.60

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-7	154.12	205.87	431.07	154.07	-904.63
Capital Expenditures	-23.65	-30.92	-62.33	-96.26	-13.31	-37.8
Free Cash Flow	-30.64	123.2	143.54	334.81	140.76	-942.43
Free Cash Flow Growth	-	-14.17%	-57.13%	137.86%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	19.35%	18.52%	17.60%	20.76%	19.93%	10.15%
Operating Margin	-3.20%	1.77%	2.76%	1.33%	3.69%	-9.06%
Pretax Margin	-6.41%	4.04%	5.66%	1.47%	6.88%	15.29%
Profit Margin	7.54%	10.47%	7.23%	6.93%	6.90%	-5.20%
FCF Margin	-1.95%	5.24%	4.88%	12.63%	5.96%	-51.97%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	1.35	1.07	0.76	0.96	0.70	-
Forward PE	-	45.39	45.39	45.39	45.39	45.39
P/FCF Ratio	-	2.14	1.13	0.53	0.81	-
PS Ratio	0.10	0.11	0.06	0.07	0.05	0.13