---
title: "XINXING PIPES (000778): Won the bid for the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.86 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288417701.md"
description: "XINXING PIPES announced that it won the bid for the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.86 million yuan"
datetime: "2026-06-02T11:45:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288417701.md)
  - [en](https://longbridge.com/en/news/288417701.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288417701.md)
generator: "portal-rs"
---

# XINXING PIPES (000778): Won the bid for the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.86 million yuan

According to Tongbi Finance, data from Qichacha shows that based on the "Announcement of Bid Results for Yongtong Company 6.2 Low-Phosphorus Coarse Powder Inquiry and Price Comparison Procurement (CG260602051/001)", XINXING PIPES Co., Ltd. announced on June 2, 2026, that it won the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.86 million yuan.

Related listed company: XINXING PIPES (000778.SZ)

*Tongbi Finance Tip:*

*XINXING PIPES (000778.SZ) reported an operating income of 37.022 billion yuan in 2025, with an operating income growth rate of 2.29%. The net profit attributable to the parent company was 949 million yuan, with a net profit growth rate of 465.67%, and a return on equity of 3.66%.*

*In the first quarter of 2026, the company's operating income was 9.876 billion yuan, with an operating income growth rate of 17.93%. The net profit attributable to the parent company was 197 million yuan, with a net profit growth rate of 43.94%.*

*Currently, the company belongs to the materials industry, with main product types including steel plates, steel pipes, and section steel. The 2025 report shows that the main composition of revenue is ductile pipes and pipe castings: 34.15%; special steel: 28.18%; ordinary steel: 24.21%; other income: 13.47%.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**