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

HKG:1938 Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	2,352	2,352	2,940	2,651	2,362	1,813
Revenue Growth	-12.60%	-20.00%	10.90%	12.23%	30.26%	58.82%
Gross Profit Gross Profit Growth	435.53	435.53	517.41	550.4	470.62	184.07
Operating Income Operating Income Growth	41.73	41.73	81.21	35.29	87.19	-164.33
Net Income Net Income Growth	246.31	246.31	212.67	183.78	163.03	-94.35
Earnings Per Share EPS Growth	0.24	0.24	0.21	0.18	0.16	-0.09
EPS Growth	-3.37%	15.82%	15.72%	12.72%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Development and Investment Property Development and Investment Growth	135.35	135.35	152.32	260	551.92	10.8
Steel Pipes Steel Pipes Growth	2,217	2,217	2,788	2,391	1,810	1,803
Total Total Growth	2,352	2,352	2,940	2,651	2,362	1,813

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	284.16	284.16	280.92	260.72	267.19	638.46
Total Debt Total Debt Growth	1,768	1,768	1,873	1,897	2,166	2,259
Net Cash (Debt) Net Cash Growth	-1,484	-1,484	-1,592	-1,636	-1,899	-1,621
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-1.47	-1.47	-1.57	-1.62	-1.88	-1.60

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	154.12	154.12	205.87	431.07	154.07	-904.63
Capital Expenditures CapEx Growth	-30.92	-30.92	-62.33	-96.26	-13.31	-37.8
Free Cash Flow Free Cash Flow Growth	123.2	123.2	143.54	334.81	140.76	-942.43
Free Cash Flow Growth	-40.10%	-14.17%	-57.13%	137.86%	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	18.52%	18.52%	17.60%	20.76%	19.93%	10.15%
Operating Margin	1.77%	1.77%	2.76%	1.33%	3.69%	-9.06%
Pretax Margin	4.04%	4.04%	5.66%	1.47%	6.88%	15.29%
Profit Margin	10.47%	10.47%	7.23%	6.93%	6.90%	-5.20%
FCF Margin	5.24%	5.24%	4.88%	12.63%	5.96%	-51.97%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	0.76	1.07	0.76	0.96	0.70	-
Forward PE	-	45.39	45.39	45.39	45.39	45.39
P/FCF Ratio	1.51	2.14	1.13	0.53	0.81	-
PS Ratio	0.08	0.11	0.06	0.07	0.05	0.13

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 29, 2026

Data Sources Report a data error