
XINXING PIPES released its 2024 annual performance, with a net profit attributable to shareholders of 167 million yuan, a year-on-year decrease of 87.60%

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XINXING PIPES released its 2024 annual report, with operating revenue of 36.194 billion yuan, a year-on-year decrease of 16.32%; net profit attributable to shareholders was 167 million yuan, a year-on-year decrease of 87.60%. After deducting non-recurring gains and losses, the net loss was 151 million yuan, with basic earnings per share of 0.042 yuan. The company plans to distribute a cash dividend of 0.20 yuan (including tax) for every 10 shares to all shareholders
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