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

HKG:1938 Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	21.45	53.32	32.19	16.13	20.59
Short-Term Investments	262.71	227.6	228.52	251.07	617.87
Cash & Short-Term Investments	284.16	280.92	260.72	267.19	638.46
Cash Growth	1.15%	7.75%	-2.43%	-58.15%	3.72%
Accounts Receivable	471.46	371.73	311.95	378.86	503.11
Other Receivables	10.2	4.93	16.62	9.73	49.51
Receivables	481.65	376.66	328.57	388.59	552.62
Inventory	2,132	2,625	2,606	2,616	3,057
Restricted Cash	4.7	52.95	5.73	14.92	249.72
Other Current Assets	263.31	349.54	327.45	418.31	457.97
Total Current Assets	3,166	3,686	3,529	3,705	4,956
Property, Plant & Equipment	2,356	2,419	2,471	2,416	2,535
Other Long-Term Assets	399.25	401.13	421.55	434.41	431.49
Total Assets	5,921	6,506	6,421	6,555	7,923

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,039	1,063	942.59	636.07	1,290
Accrued Expenses	282.91	238.17	215.88	275.88	222.35
Short-Term Debt	862.71	969.25	880.57	776.44	808.78
Current Portion of Long-Term Debt	227.33	61.7	861.85	578.81	610.33
Current Portion of Leases	0.03	0.52	0.46	0.69	0.33
Current Income Taxes Payable	388.11	659.92	294.51	43.82	25.84
Current Unearned Revenue	185.32	555.51	742.78	704.26	1,352
Other Current Liabilities	472.53	564.49	435.7	611.73	501.17
Total Current Liabilities	3,458	4,113	4,374	3,628	4,810
Long-Term Debt	677.86	841.14	153.28	810.2	839.91
Long-Term Leases	-	0.03	0.53	0.04	-
Long-Term Unearned Revenue	131.87	141.14	146.79	102.59	330.21
Long-Term Deferred Tax Liabilities	157.84	171.58	183.77	294.29	349.58
Other Long-Term Liabilities	-	-	486.61	789.19	767.93
Total Liabilities	4,426	5,267	5,345	5,624	7,098

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	88.86	88.86	88.86	88.86	88.86
Additional Paid-In Capital	224.59	991.69	991.69	991.69	991.69
Retained Earnings	612.01	-401.4	-619.78	-803.56	-966.59
Comprehensive Income & Other	569.58	559.99	615.31	653.95	711.56
Total Common Equity	1,495	1,239	1,076	930.94	825.52
Shareholders' Equity	1,495	1,239	1,076	930.94	825.52
Total Liabilities & Equity	5,921	6,506	6,421	6,555	7,923

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,768	1,873	1,897	2,166	2,259
Net Cash (Debt)	-1,484	-1,592	-1,636	-1,899	-1,621
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-1.47	-1.57	-1.62	-1.88	-1.60
Filing Date Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Total Common Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Working Capital	-292.4	-427.36	-845.74	76.83	146.16
Book Value Per Share	1.48	1.23	1.06	0.92	0.82
Tangible Book Value	1,495	1,239	1,076	930.94	825.52
Tangible Book Value Per Share	1.48	1.23	1.06	0.92	0.82
Buildings	749.85	749.85	749.85	674.32	660.84
Machinery	2,047	2,053	2,086	2,063	2,053
Construction In Progress	147.42	131.57	95.76	99.24	168.48

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