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We Think Shandong Longquan Pipe IndustryLtd's (SZSE:002671) Robust Earnings Are Conservative
Longquan Co., Ltd.: 2024 Annual Report Summary
Longquan Co., Ltd.: 2024 Annual Report
Shandong Longquan Pipe Industry (002671.SZ): Net income of 65.589 million yuan in 2024, an increase of 136.1% year-on-year.
On March 28, Gelonghui reported that Shandong Longquan Pipe Industry (002671.SZ) announced its annual report for 2024. During the reporting period, the company achieved revenue of 1,146.495 million yuan, an increase of 3.52% compared to the same period last year. Among this, the revenue from PCCP and other pipeline businesses was 970.9038 million yuan, accounting for 84.68% of the revenue, with a year-on-year growth of 11.05%; the revenue from metal fittings was 152.8005 million yuan, accounting for 13.33% of the revenue, and a year-on-year decrease of 30.45%. The company's cost of goods sold decreased by 2.13%, and selling expenses, management expenses, and financial expenses were reduced respectively.
Shandong Longquan Pipe Industry (002671.SZ): Has accumulated a repurchase of 0.51% of its shares.
On February 6, GELONGHUI reported that Shandong Longquan Pipe Industry (002671.SZ) announced that as of January 31, 2025, the company had repurchased a total of 2,859,000 shares through a special repurchase securities account via centralized competitive trading, accounting for 0.51% of the company's total share capital, with a highest Fill Price of 4.87 yuan per share, a lowest Fill Price of 4.33 yuan per share, and a total transaction amount of 12.993 million yuan (excluding transaction fees).
Longquan Co., Ltd.: 2024 performance forecast