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Employees: 2,742
Size Qinglong Pipes Industry (002457.SZ) is a China Materials company (Construction Materials) with a market value of $507M, the 3825th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.14 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against -17.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median -3.4%); the operating margin is 6.1% (peer median 6.8%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.6× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (5.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.75B | CN¥2.62B | CN¥2.81B | CN¥2.05B | CN¥2.56B |
| Revenue growth | — | -7% | +37% | -20% | — |
| Gross profit | CN¥848M | CN¥714M | CN¥878M | CN¥571M | CN¥655M |
| EBITDA | n/a | CN¥257M | CN¥406M | CN¥140M | CN¥272M |
| Net income | CN¥99.8M | CN¥130M | CN¥268M | CN¥24.9M | CN¥168M |
| Free cash flow | CN¥298M | CN¥411M | -CN¥61.2M | CN¥98.9M | CN¥18.6M |
| Capital expenditure | CN¥205M | CN¥157M | CN¥195M | CN¥228M | CN¥73.5M |
| Total debt | CN¥943M | CN¥625M | CN¥700M | CN¥549M | CN¥641M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002457.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.7% | -4.1% | 4th lowest of 21 |
| 6-month return | -12.1% | -17.5% | 8th highest of 20 |
| Distance from 52-week high | -38.5% | -36.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +3.7% | -3.4% | 5th highest of 21 |
| Operating margin | 6.1% | 6.8% | 10th lowest of 21 |
| EV / Sales | 1.4× | 1.6× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.0% | 4.2% | 4th least demanding of 15 |
| Growth delivered (Del g) | +5.1% | +4.0% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -5.1 pp | +1.5 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +0.4 pp | -3.9 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qinglong Pipes Industry 002457.SZ | China | $507M | -12% | +4% | 6% | 1.4× | 0.0% | +5.1% |
| Fujian Cement 600802.SS | China | $502M | +29% | -22% | -23% | 3.6× | n/a | n/a |
| Mitsui Matsushima 1518.T | Japan | $526M | +57% | +9% | 14% | 1.9× | 3.7% | +2.7% |
| Tianjin Tianbao Infrastructure 000965.SZ | China | $476M | -23% | +65% | 8% | 1.9× | n/a | n/a |
| Universal Cement 1104.TW | Taiwan | $543M | -7% | -5% | 16% | 2.4× | -2.2% | +7.9% |
| Hainan RuiZe New Building Material 002596.SZ | China | $544M | -16% | -16% | -16% | 4.8× | 35.7% | -16.7% |
| Jiangxi Wannianqing Cement 000789.SZ | China | $471M | -21% | -28% | -9% | 1.5× | 24.3% | -18.3% |
| Jiangsu Baoli Asphalt 300135.SZ | China | $470M | -17% | -4% | -2% | 2.8× | 43.7% | -7.5% |
| Longyan Kaolin Clay 605086.SS | China | $550M | -37% | -9% | 39% | 12.9× | 20.5% | +4.9% |
| Shinagawa Refra 5351.T | Japan | $551M | -3% | +25% | 7% | 0.7× | 0.5% | +12.2% |
| Stewards SWRD | United States | $555M | n/a | +30% | -100% | 41.7× | n/a | n/a |
| Sobute New Materials 603916.SS | China | $573M | -24% | -3% | 7% | 1.4× | 1.5% | -0.5% |
| Forterra FORT.L | United Kingdom | $445M | +11% | -5% | 10% | 1.2× | 6.4% | +5.7% |
| CHC Resources 9930.TW | Taiwan | $433M | -17% | -2% | 10% | 1.2× | -5.8% | +7.0% |
| Marshalls MSLH.L | United Kingdom | $597M | +40% | 0% | 8% | 1.0× | 8.2% | +6.1% |
| Sinosteel Luonai Materials Technology 688119.SS | China | $597M | -32% | -2% | -13% | 1.6× | 3.7% | -0.3% |
| Nichiha 7943.T | Japan | $599M | -10% | -3% | 7% | 0.6× | -3.7% | +3.5% |
| Lionhead Technology Development 600539.SS | China | $427M | -30% | -5% | -7% | 6.1× | n/a | n/a |
| SAMPYO Cement 038500.KS | South Korea | $413M | -69% | -3% | 10% | 1.4× | 4.7% | +4.5% |
| Ibstock IBST.L | United Kingdom | $408M | -19% | -10% | 3% | 1.4× | n/a | n/a |
| Zhejiang Jianfeng 600668.SS | China | $403M | -41% | -13% | -12% | 1.5× | n/a | n/a |