Qinglong Pipes Industry Group Co., Ltd (SHE:002457)

SHE:002457 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,656	2,817	2,061	2,572	2,435	2,061
Other Revenue	2.2	1.09	0.47	1.8	2.47	3.31
Revenue	2,658	2,818	2,061	2,574	2,437	2,064
Revenue Growth (YoY)	3.67%	36.73%	-19.92%	5.62%	18.07%	3.25%
Cost of Revenue	1,813	1,897	1,446	1,868	1,798	1,534
Gross Profit	845.81	921.85	614.93	706.4	639.23	530.07
Selling, General & Admin	478.76	480.63	405.04	354.15	290.96	257.86
Research & Development	65.4	65.94	58.77	83.48	78.74	58.9
Other Operating Expenses	30	29.55	31.04	31.82	27.19	24.04
Operating Expenses	623.11	608.43	553.91	522.94	450.05	355.8
Operating Income	222.7	313.42	61.02	183.46	189.18	174.27
Interest Expense	-18.87	-15.73	-23.35	-23.56	-25.12	-14.75
Interest & Investment Income	6.4	9.17	10.54	15.63	11.8	43.95
Other Non Operating Income (Expenses)	-1.69	-4.42	-4.67	15.85	-1.29	-18.97
EBT Excluding Unusual Items	208.53	302.45	43.55	191.38	174.57	184.51
Gain (Loss) on Sale of Investments	7.09	7.09	-6.5	-6.15	-14.41	-3.58
Gain (Loss) on Sale of Assets	1.13	1.21	1.48	9.13	14.6	-0.3
Asset Writedown	-2.88	-2.88	0.54	-4.44	-1.44	-0.89
Legal Settlements	-0.43	-0.43	-1.9	-0.27	-0.05	-1.6
Other Unusual Items	18.36	19.16	22.51	15.44	6.21	25.02
Pretax Income	231.8	326.6	59.68	205.09	179.49	203.17
Income Tax Expense	22.13	38.3	15.12	13.18	23.91	26.43
Earnings From Continuing Operations	209.67	288.31	44.56	191.91	155.58	176.73
Minority Interest in Earnings	-4.06	-20.58	-19.69	-23.69	-12.54	-9.26
Net Income	205.61	267.72	24.87	168.22	143.04	167.47
Net Income to Common	205.61	267.72	24.87	168.22	143.04	167.47
Net Income Growth	61.85%	976.43%	-85.22%	17.60%	-14.59%	6.78%
Shares Outstanding (Basic)	330	331	355	336	333	335
Shares Outstanding (Diluted)	330	331	355	336	333	335
Shares Change (YoY)	-6.54%	-6.98%	5.61%	1.14%	-0.68%	0.37%
EPS (Basic)	0.62	0.81	0.07	0.50	0.43	0.50
EPS (Diluted)	0.62	0.81	0.07	0.50	0.43	0.50
EPS Growth	73.18%	1057.14%	-86.00%	16.28%	-14.00%	6.38%
Free Cash Flow	-164.23	-68.04	93.9	2.85	-206.89	-48.8
Free Cash Flow Per Share	-0.50	-0.21	0.26	0.01	-0.62	-0.15
Dividend Per Share	0.160	0.210	0.090	0.200	0.180	0.180
Dividend Growth	-11.11%	133.33%	-55.00%	11.11%	-	20.00%
Gross Margin	31.82%	32.71%	29.83%	27.44%	26.23%	25.68%
Operating Margin	8.38%	11.12%	2.96%	7.13%	7.76%	8.44%
Profit Margin	7.73%	9.50%	1.21%	6.54%	5.87%	8.11%
Free Cash Flow Margin	-6.18%	-2.41%	4.55%	0.11%	-8.49%	-2.36%
EBITDA	317.76	401.03	138.69	268.92	277.12	257.45
EBITDA Margin	11.95%	14.23%	6.73%	10.45%	11.37%	12.47%
D&A For EBITDA	95.06	87.61	77.67	85.46	87.93	83.18
EBIT	222.7	313.42	61.02	183.46	189.18	174.27
EBIT Margin	8.38%	11.12%	2.96%	7.13%	7.76%	8.44%
Effective Tax Rate	9.54%	11.73%	25.33%	6.43%	13.32%	13.01%
Revenue as Reported	2,658	2,818	2,061	2,574	2,437	2,064
Advertising Expenses	-	5.03	8.15	6.58	10.02	2.84

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.