---
title: "QLPIPESINDUSTRY (002457.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002457.SZ/norm.md"
symbol: "002457.SZ"
name: "QLPIPESINDUSTRY"
parent: "https://longbridge.com/en/quote/002457.SZ.md"
datetime: "2026-05-20T15:50:12.775Z"
locales:
  - [en](https://longbridge.com/en/quote/002457.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002457.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002457.SZ/norm.md)
---

# QLPIPESINDUSTRY (002457.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0200 | 0.2344 | 0.1125 | 0.0576 | -0.0200 |
| ROE | -1.00% | 12.52% | 6.10% | 3.07% | -0.87% |
| Revenue | 251.55M | 1.06B | 634.94M | 651.22M | 282.21M |
| Net income | -6.34M | 78.63M | 37.52M | 18.84M | -5.37M |
| Operating income | -2.59M | 108.36M | 43.13M | 4.11M | 4.73M |
| Gross margin | 25.85% | 30.08% | 30.79% | 29.86% | 26.48% |
| Net margin | -2.52% | 7.42% | 5.91% | 2.89% | -1.90% |
| Profit quality | - | 15.84% | 35.62% | -10.61% | -2.36% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 4.65B | 4.69B | 4.87B | 4.72B | 4.45B |
| Leverage | 1.68 | 1.69 | 1.80 | 1.77 | 1.65 |
| BVPS | 7.69 | 7.71 | 7.51 | 7.39 | 7.45 |
| Turnover | 0.5707 | 0.5698 | 0.5694 | 0.5858 | 0.6289 |
| Cash & STI | 591.54M | 886.62M | 600.46M | 456.61M | 443.26M |
| Inv & Rec | 906.77M | 621.87M | 924.86M | 760.09M | 722.84M |
| LT assets | 871.34M | 886.35M | 821.44M | 809.12M | 740.99M |
| Net debt | 205.55M | -276.67M | 280.01M | 473.38M | 354.38M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -304.91M | 684.00M | 121.07M | -38.74M | -201.00M |
| Investing CF | -96.82M | -103.39M | -53.88M | -24.87M | -32.78M |
| Financing CF | 173.45M | -284.33M | -6.81M | 109.30M | 182.20M |
| Free CF | -535.05M | 654.65M | 111.68M | -14.49M | -373.70M |
| OCF coverage | -90.55% | 152.87% | 25.29% | -10.00% | -51.50% |
| Repaid & issued | 475.56M | 38.37M | 446.95M | 455.94M | 521.17M |
| CapEx | -37.46M | -32.19M | -28.83M | -43.46M | -52.20M |

## Distribution Plan

**Dividend Yield**: 1.24

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.118862CNY | 2026-05-25 | 2026-05-26 | 2026-05-26 |
| Cash Dividend: 
0.03962CNY | 2025-11-07 | 2025-11-10 | 2025-11-10 |
| Cash Dividend: 
0.118862CNY | 2025-05-22 | 2025-05-23 | 2025-05-23 |