Qinglong Pipes has released its 2026 interim report, showing newly signed contract value surged 156.33% year on year, while net operating cash outflow widened by 54.30%. During the reporting period, the company achieved operating revenue of 951 million yuan, up 1.94% year on year; net profit attributable to shareholders was 14.51 million yuan, up 7.65%; and non-GAAP net profit was 12.98 million yuan, up 43.84%. Net cash flow from operating activities was negative 370 million yuan, and closing inventory was 969 million yuan, a sharp increase of 55.77% from the end of last year. Revenue from plastic pipe business reached 283 million yuan, up 30.85% year on year, becoming the main growth engine; revenue from the traditional strength, concrete pipes, was 405 million yuan, down 14.18% year on year.
Ningxia Qinglong Pipes Industry Co LtdNewly signed contract value surged 156% and plastic pipe revenue grew 30.85%, indicating strong demand.
