Company Encyclopedia
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name
CBGF
002478.SZ
Jiangsu Changbao Steeltube Co.,Ltd manufactures and sells steel tubes in the People’s Republic of China and internationally. The company offers OCTG products for petroleum industry, including connection tubing and casings, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill and green pipes, and slotted pipes; boiler tubes for power generation, such as boiler tubes, water heater, boilers, and U bended tubes; steel tubes for auto industry comprising automobile precision tubes, piping for hydraulic cylinders, and axel tubes; petrochemical tubes, steel tubes for low temperature resistance, and high pressure fertilizer tubes; and steel tubes for engineering machinery industry, such as mechanical steel pipes, boom pipes, and piping for hydraulic cylinders. It also provides line pipes, geological drilling pipes, core barrels, rope corning drill pipe materials, gas cylinder pipes, and accumulator tubes, as well as steel pipes for marine engineering, structural purpose, and fluid transmission. The company was founded in 1958 and is based in Changzhou, China.
1.288 T
002478.SZMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
SteelIndustry
Industry Ranking7/87
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE10.86%B
    • Profit Margin10.69%B
    • Gross Margin17.92%D
  • Growth ScoreC
    • Revenue YoY-0.25%D
    • Net Profit YoY7.42%C
    • Total Assets YoY14.26%A
    • Net Assets YoY5.01%B
  • Cash ScoreC
    • Cash Flow Margin935.39%B
    • OCF YoY-0.25%D
  • Operating ScoreB
    • Turnover0.69B
  • Debt ScoreB
    • Gearing Ratio33.96%B

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Institutional View & Shareholder

Analyst Ratings

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    News
    View More

    The steel sector continues to strengthen, with XINXING PIPES hitting the limit up, and CBGF, YouFa, CITIC Pacific Special Steel, XCMC, Maanshan Iron & Steel, and Vanadium Titanium shares also rising

    Zhitong·
    SZ
    000778
    +2.49%
    SZ
    002478
    +1.81%
    SH
    601686
    -0.46%
    Zhitong·
    SZ
    000778
    +2.49%
    SZ
    002478
    +1.81%
    SH
    601686
    -0.46%

    The steel sector experiences a surge, PGVT hits the daily limit

    The steel sector experienced a surge, with PGVT hitting the limit up, and BYIS, CBGF, Dazhong Mining, Hainan Mining, and GDMZH following suit

    Zhitong·
    SZ
    001203
    -2.35%
    SZ
    000629
    +2.63%
    SH
    601969
    +1.73%
    Zhitong·
    SZ
    001203
    -2.35%
    SZ
    000629
    +2.63%
    SH
    601969
    +1.73%

    CBGF: Nuclear power pipes are the company's new product development direction

    CBGF stated on the interactive platform that the company's main products are pipes for oil and gas exploration, pipes for power station boilers, and other specialized pipes for niche markets. The company has always focused on the research, production, and sales of various special-purpose pipes, determining new product directions based on market demand and product planning. Pipes for nuclear power are the company's new product development direction

    Zhitong·
    SZ
    002478
    +1.81%
    Zhitong·
    SZ
    002478
    +1.81%

    CBGF released its 2024 annual performance, with a net profit attributable to shareholders of 634 million yuan, a decrease of 19%

    CBGF released its 2024 annual report, with operating revenue of 5.696 billion yuan, a year-on-year decrease of 14.48%; net profit attributable to shareholders was 634 million yuan, a year-on-year decline of 19%. The net profit after deducting non-recurring gains and losses was 507 million yuan, a year-on-year decrease of 27.11%. The basic earnings per share were 0.7 yuan, and it plans to distribute a cash dividend of 2.20 yuan for every 10 shares to all shareholders. Affected by the foreign trade market, the company's production and sales volume and operating performance have declined

    Zhitong·
    SZ
    002478
    +1.81%
    Zhitong·
    SZ
    002478
    +1.81%

    CBGF: The main line of hot extrusion is currently undergoing equipment installation, and it is expected to enter the hot load debugging phase in July 2025

    CBGF stated on the interactive platform that the company's special materials project includes multiple production lines, among which the high-end alloy pipe line, ultra-long precision pipe line, and clean bright pipe line are currently undergoing production line debugging and partial product trial production. The hot extrusion main line is currently undergoing equipment installation, and it is expected to enter the hot load debugging phase in July 2025

    USHK News·
    SZ
    002478
    +1.81%
    USHK News·
    SZ
    002478
    +1.81%
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