Qinglong Pipe Industry Co., Ltd. released the semi-annual report of 2026 on the evening of August 21. In the first half of the year, the company realized operating income of 951 million yuan, an increase of 1.94% over the same period last year; net profit of 14.5054 million yuan, an increase of 7.65% over the same period last year; net profit of 12.9785 million yuan, an increase of 43.84% over the same period last year.
The semi-annual report disclosed that the company's hardware business signed new contracts in the first half of the year amounted to 2.04 billion yuan, an increase of 156.33% over the previous year, including 990 million yuan for concrete pipes, 690 million yuan for plastic pipes, 130 million yuan for composite steel pipes and 230 million yuan for wind power towers; The contract amount carried forward to subsequent reporting periods amounted to RMB3.11 billion, representing a year-on-year increase of 23.63%, including RMB1.94 billion for concrete pipes, RMB670 million for plastic pipes, RMB240 million for composite steel pipes and RMB250 million for wind power towers. In the first half of the year, the
Company signed a number of major contracts, including the purchase contract of PCCP pipes for the Longjiang River Valley Irrigation Area Project for Drought Control in Northwest Guangxi with an amount of 556 million yuan, the cement products contract for the modernization reconstruction project of Qingtongxia Irrigation Area in Ningxia with an amount of 225 million yuan; The Company signed a heating pipe network project contract with Pengyang County Central Heating Co., Ltd., with a contract amount of 146 million yuan, and signed a mixed tower segment procurement contract with Shanghai Electric Wind Power Group Co., Ltd., with a contract amount of 54.3586 million yuan.
The company said that the signing of major contracts further consolidated the company's professional positioning in the field of drainage pipes. At the same time, in the first half of the year, we expanded the application market of new products such as mixed tower segments in the field of new energy, which will also provide strong support for the company's follow-up business development. According to the
data, from the perspective of revenue structure, the company's plastic pipe revenue in the first half of the year was 283 million yuan, an increase of 30.85% over the previous year, and the proportion of total revenue increased to 29.73%. The design consulting business realized a revenue of 144 million yuan, an increase of 38.60% over the previous year, and the proportion of total revenue increased to 15.17%. (Chen Guoqing)
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