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Cangzhou Mingzhu Plastic Co Ltd

Cangzhou Mingzhu Plastic Co., Ltd. and its subsidiaries manufacture and sell PE pipe systems, BOPA films, Li-ion battery separators, and composite pipes in China. Its products include PE gas and water supply pipelines, PE nuclear power and large-diameter thick-wall pipelines, PE fittings, ground source heat pump heat exchange piping systems, dry uni-axial and wet simultaneous biaxial stretching separators, coated modified separators, fiber-reinforced thermoplastic pipes for oil and gas transportation, intelligent cable-embedded coiled pipes, and continuous pipes for oil and gas transportation. The company also produces polyamide films, chips, and other plastic products, and provides installation and technical services, microporous and filtration membranes, double-wall corrugated pipes and fittings for drainage and sewage, silicone pipes and fittings, plastic packaging containers and tools, and synthetic materials. It is involved in import and export of goods, real estate leasing, cargo weighing, machinery and equipment rental, equity, asset, and investment management, and research and development of new materials and technologies. Its customers include gas operators, water companies, color printing and packaging companies, and lithium-ion battery manufacturers. Founded in 1995, the company is headquartered in Cangzhou, China.

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002108.CS

Cangzhou Mingzhu reports net profit of 132 million yuan in 2026 interim report

Cangzhou Mingzhu released its 2026 interim report, with total operating revenue of 1.589 billion yuan and net profit attributable to the parent company of 132 million yuan. Net cash outflow from operating activities was 55.1489 million yuan, a decrease of 3.8981 million yuan compared with the same period last year. The company's asset-liability ratio was 41.95%, gross margin was 14.62%, ROE was 2.59%, and diluted earnings per share was 0.08 yuan. The number of shareholders was 87,600, and the top ten shareholders held 27.67% of total share capital.
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Guangdong state-owned enterprises accelerate acquisitions of new quality productive forces targets, exploring empowering restructurings

Guangdong state-owned enterprises are intensifying acquisitions of a batch of new quality productive forces targets, exploring the path of empowering restructurings. Guangzhou Light Industry Group successively acquired Taimushi and Cangzhou Mingzhu in 2025, with the controlling stake transaction for Cangzhou Mingzhu totaling approximately 710 million yuan, and completed the delivery in March this year, subsequently promoting the establishment of its South China base in Zengcheng, Guangzhou. Guangzhou Industrial Investment Holdings Group took a controlling stake in Xusheng Group, a leader in automotive precision aluminum alloy components, for about 4.295 billion yuan in April this year, having previously acquired Tianhai Electronics and Farasis Energy, forming an automotive parts industry cluster exceeding 50 billion yuan. Shenzhen state-owned Shahé Corporation completed the acquisition of a 70 percent stake in Jinghua Electronics, becoming the first cross-border merger under Shenzhen's new restructuring policy. Zhuhai state-owned assets transferred a 16.67 percent stake in Sunsea AIoT to Sci-Tech Haike at no cost. Zhongshan Public Utilities acquired new energy assets within the system for 408 million yuan. Lingnan Holdings plans to acquire an 85 percent stake in Guangzhou Digital Group's Guangzhou Broadcasting City Services. Guangzhou Pharmaceutical Holdings is advancing the acquisition of Daan Gene to connect the pharmaceutical and testing industry chain. Industry insiders point out that this round of state-owned enterprise mergers and acquisitions places greater emphasis on obtaining controlling stakes and actual operational leadership, aiming to achieve two-way empowerment of resource integration and regional development.
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