Annual Report of Kingland Pipeline (002443) for 2025
Date: April 10, 2026
Kingland Pipeline Technology Co., Ltd. – Annual Report for 2025
1. Important Notices, Table of Contents, and Definitions
The Board of Directors, along with its directors and senior management, confirms that the content of this annual report is true, accurate, and complete, with no false records, misleading statements, or significant omissions. They also accept individual and joint legal responsibilities. The company head, Li Yunnan, and the accounting responsible person, Chai Hualiang, declare that they ensure the authenticity, accuracy, and completeness of the financial report within this annual report. All directors attended the board meeting where this report was reviewed. The profit distribution plan approved by the board is to distribute a cash dividend of 0.3 yuan (including tax) for every 10 shares based on a total of 505,420,520 shares, with no bonus shares and no capital reserve conversion into shares.
Table of Contents
- Important Notices, Table of Contents, and Definitions
- Company Profile and Key Financial Indicators
- Management Discussion and Analysis
- Corporate Governance, Environment, and Society
- Significant Events
- Share Changes and Shareholder Information
- Bond-related Information
- Financial Report
2. Company Profile and Key Financial Indicators
Company Information
- Stock Abbreviation: Kingland Pipeline
- Stock Code: 002443
- Previous Stock Abbreviation: N/A
- Stock Exchange: Shenzhen Stock Exchange
- Chinese Name: 浙江金洲管道科技股份有限公司
- English Name: ZHEJIANG KINGLAND PIPELINE AND TECHNOLOGIES CO.,LTD.
- Legal Representative: Li Yunnan
- Registered Address: Dongmen Fifteen Li Pai, Huzhou, Zhejiang, 313000
- Office Address: 3555 Huxun Avenue, Wuxing District, Huzhou, Zhejiang, 313000
- Company Website: www.chinakingland.com
- Email: info@chinakingland.com
Contact Information
Board Secretary: Xue Jun
Securities Representative: Ye Li
Contact Address: 3555 Huxun Avenue, Wuxing District, Huzhou, Zhejiang
Phone: 0572-2061996
Fax: 0572-2065280
Email: stock@chinakingland.com
Information Disclosure
The annual report is disclosed on the website of the stock exchange and in the media name of Juchao Information Network (www.cninfo.com.cn).
Key Financial Data
| Indicator | 2025 | 2024 | Change | 2023 |
|---|---|---|---|---|
| Operating Income (CNY) | 4,257,509,223.11 | 4,617,018,741.98 | -7.79% | 5,743,184,233.17 |
| Net Profit (CNY) | 137,739,241.29 | 201,387,429.54 | -31.60% | 283,779,239.13 |
| Basic Earnings per Share (CNY) | 0.2827 | 0.3894 | -27.40% | 0.5452 |
| Total Assets (CNY) | 4,820,807,241.37 | 4,508,070,658.13 | 6.94% | 4,636,859,693.61 |
| Net Assets (CNY) | 3,462,323,509.67 | 3,487,112,734.93 | -0.71% | 3,356,167,144.30 |
3. Management Discussion and Analysis
Significant Business Activities
The company specializes in the R&D, manufacturing, and sales of welded steel pipe products and is recognized as a leading supplier of pipelines and accessories in the industry. The main products include hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel pipe fittings, large-caliber rolled straight seam submerged arc welded pipes, double-sided submerged arc welded spiral steel pipes, and high-frequency welded steel pipes.
Industry Overview
In 2025, the global economy began a slow recovery, characterized by weak recovery and gradual repair. Although geopolitical conflicts have eased somewhat, the restructuring of global supply chains continues. The impact of the Federal Reserve’s interest rate policies is affecting global capital liquidity.
Market Trends and Growth Areas
Despite some recovery in the real estate market, demand for traditional welded steel pipes remains weak. However, infrastructure investments are showing resilience, with significant projects entering intensive construction phases, leading to stable growth in demand for welded steel pipes.
Core Competitiveness
The company stands out due to its strong brand influence, advanced technology, and diverse product offerings. As the first A-share listed company in the welded steel pipe industry, it has developed a significant brand presence since its inception in 1995. The company emphasizes innovation and quality control, ensuring it remains a preferred supplier in the market.
Financial Resilience
The company’s cash reserves have steadily increased, enhancing its ability to withstand economic fluctuations and unexpected challenges. This financial strength allows for strategic flexibility, enabling the company to capitalize on market opportunities effectively.
4. Main Business Analysis
In 2025, the company faced challenges such as a sluggish global economic recovery and increased competition. Nonetheless, it achieved a total pipeline product sales volume of 877,000 tons, with operating income reaching 4.257 billion CNY and a net profit of 137 million CNY.
Sales Revenue Breakdown
| Category | 2025 Amount (CNY) | Proportion of Revenue | 2024 Amount (CNY) | Proportion of Revenue | Change |
|---|---|---|---|---|---|
| Pipeline Manufacturing | 4,257,509,223.11 | 100% | 4,617,018,741.98 | 100% | -7.79% |
| Energy Transmission | 1,606,152,187.86 | 37.73% | 1,656,041,275.89 | 35.87% | -3.01% |
| Green Construction | 2,226,535,172.91 | 52.30% | 2,579,454,158.98 | 55.87% | -13.68% |
| Power Grid Facilities | 78,905,623.89 | 1.85% | 49,559,039.02 | 1.07% | 59.22% |
Conclusion
As the company continues to navigate challenges in the market, it remains committed to high-quality development and strategic execution to achieve its long-term goals.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/zhejiang-kingland-pipeline-technology-co-ltd-releases-2025-annual-report-highlighting-financial-performance-and-industry-trends/
