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Zhejiang-based maker of welded steel pipe for construction, energy pipelines and machinery uses.
Zhejiang-based maker of welded steel pipe for construction, energy pipelines and machinery uses.
Moat: none (scale). Commodity welded pipe in a fragmented, price-competitive market.
Headquarters: Huzhou, China · Employees: 2,388
Size Zhejiang Jingu (002488.SZ) is a China Materials company (Steel) with a market value of $939M, the 2426th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.80 on 6 Nov 2026.
Performance Over six months the shares fell 45.4%, against -20.9% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +2.9%); the operating margin is 5.2% (peer median 5.1%).
Valuation It trades at 40.0× forward earnings against a peer median of 18.2× (2nd most expensive of 13).
Capital Return on invested capital runs 3.0 points below its cost of capital (6.4% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.94B | CN¥3.82B | CN¥3.34B | CN¥3.35B | CN¥3.02B |
| Revenue growth | — | +14% | 0% | +11% | — |
| Gross profit | CN¥701M | CN¥525M | CN¥341M | CN¥282M | CN¥197M |
| EBITDA | n/a | CN¥341M | CN¥220M | CN¥231M | -CN¥42.6M |
| Net income | CN¥49.7M | CN¥41.6M | CN¥23.2M | CN¥32.0M | CN¥111M |
| Free cash flow | -CN¥693M | -CN¥433M | -CN¥264M | -CN¥542M | -CN¥279M |
| Capital expenditure | CN¥985M | CN¥743M | CN¥408M | CN¥453M | CN¥325M |
| Total debt | CN¥3.52B | CN¥3.08B | CN¥3.19B | CN¥3.15B | CN¥2.66B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Zhejiang Jingu 002488.SZ | $939M | -45% | +11% | 5% | 40.0× | n/a |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% |
| Jiangsu Changbao Steel Tube 002478.SZ | $847M | -40% | +2% | 6% | 17.5× | -4.8% |
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 | 002488.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -6.3% | 11th highest of 21 |
| 6-month return | -45.4% | -20.9% | lowest of 21 |
| Distance from 52-week high | -50.6% | -34.6% | 6th lowest of 21 |
| Revenue growth (TTM) | +11.1% | +2.9% | 7th highest of 20 |
| Operating margin | 5.2% | 5.1% | 10th highest of 20 |
| Forward P/E | 40.0× | 18.2× | 2nd most expensive of 13 |
| ROIC minus cost of capital | -3.0 pp | -3.0 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | n/a | n/a | n/a |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 10.5× | -14.8% | +20.5% |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | n/a | n/a | n/a |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 41.5× | 26.1% | +15.8% |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |
| SunCoke Energy SXC | United States | $832M | +34% | +3% | 4% | 23.1× | 7.2% | +6.6% |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 2% | n/a | n/a | n/a |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 28.6× | 11.6% | -2.5% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | n/a | n/a | n/a |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | n/a | n/a | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 15.5× | 8.1% | +15.2% |