Xinxing Ductile Iron Pipes (000778): Awarded the procurement project by South-to-North Water Diversion (Zunyi) Water Network Co., Ltd., with a bid amount of 1,514,200 yuan.

NightAirdropper · 2026-03-12T07:50:36+00:00

Xinxing Ductile Iron Pipes Co., Ltd. was awarded the procurement project by South-to-North Water Diversion (Zunyi) Water Network Co., Ltd. in mid-2026, with a contract amount of 1.5142 million yuan. In 2024, the company's operating revenue was 36.194 billion yuan, with a significant net profit decline of 87.60%.

NightAirdropper

2026-03-12 07:50:36

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Tongbi Finance News, according to Qichacha data, based on the “Zunyi Water Network Company 2026 Material Procurement Bid Announcement,” Xinxing Cast Pipe Co., Ltd. announced winning the procurement project of the South-to-North Water Diversion (Zunyi) Water Network Co., Ltd. on March 11, 2026, with a bid amount of 1.5142 million yuan.

Related listed company: Xinxing Cast Pipe (000778.SZ)

Tongbi Finance Tips:

Xinxing Cast Pipe (000778.SZ) reported a revenue of 36.194 billion yuan in 2024, with a growth rate of -16.32%. Net profit attributable to the parent company was 167 million yuan, with a decline of -87.60%. Return on equity was 0.66%.

In the first half of 2025, the company’s revenue was 17.728 billion yuan, with a decrease of -5.36%. Net profit attributable to the parent was 404 million yuan, down -5.58%.

The company currently belongs to the materials industry, mainly producing steel plates, steel pipes, and section steels. In 2024, the main product composition was cast pipes: 30.53%; common steel: 27.96%; special steel: 24.82%; other products: 16.69%.

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