Sanhe Pipe Pile: Net profit of 34.6 million yuan in the first quarter, up 418.95% year-on-year

Recently, Sanhe Pipe Pile released a record of investor relations activities.

Sanhe Pipe Pile said that in 2024, the operation of concrete and cement products industry continued to bear pressure, the company strived to grasp the market demand, continued to enrich product categories, and the production and sales of pile products increased. However, due to the large decline in the average unit price of pile products and the fierce market competition, the company's net profit declined

in 2024. In the first quarter of 2025, the company increased its market expansion efforts, continued to enrich product categories, and realized business income of 1.392 billion yuan, an increase of 10.07% over the same period last year. Net profit attributable to shareholders of listed companies was 34.6 million yuan, an increase of 418.95% over the same period last year.