Announcement • Jun 30
Shandong Longquan Pipe Industry Co.,Ltd to Report First Half, 2026 Results on Aug 29, 2026 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Apr 02
Shandong Longquan Pipe Industry Co.,Ltd, Annual General Meeting, Apr 22, 2026 Shandong Longquan Pipe Industry Co.,Ltd, Annual General Meeting, Apr 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.12 in FY 2024) Full year 2025 results: EPS: CN¥0.09 (down from CN¥0.12 in FY 2024). Revenue: CN¥1.46b (up 27% from FY 2024). Net income: CN¥47.5m (down 28% from FY 2024). Profit margin: 3.3% (down from 5.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Shandong Longquan Pipe Industry Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Shandong Longquan Pipe Industry Co.,Ltd to Report Fiscal Year 2025 Results on Apr 02, 2026 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report fiscal year 2025 results on Apr 02, 2026 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.94, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 38x in the Basic Materials industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥561.1m (up 59% from 3Q 2024). Net income: CN¥84.6m (up 35% from 3Q 2024). Profit margin: 15% (down from 18% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shandong Longquan Pipe Industry Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Shandong Longquan Pipe Industry Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 17
Shandong Longquan Pipe Industry Co.,Ltd Announces Election of Director Shandong Longquan Pipe Industry Co.,Ltd at its 3rd Extraordinary General Meeting of 2025 on 15 May 2025, during which the company approved election of Yao Jingbo, non-independent director and Wang Wenhua, independent director. Announcement • Mar 31
Shandong Longquan Pipe Industry Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in FY 2023) Full year 2024 results: EPS: CN¥0.12 (up from CN¥0.05 in FY 2023). Revenue: CN¥1.15b (up 3.5% from FY 2023). Net income: CN¥65.6m (up 136% from FY 2023). Profit margin: 5.7% (up from 2.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Shandong Longquan Pipe Industry Co.,Ltd, Annual General Meeting, Apr 18, 2025 Shandong Longquan Pipe Industry Co.,Ltd, Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: No. 533, Yanjiang East Road, Xinbei District, Changzhou, Jiangsu China Announcement • Jan 23
Shandong Longquan Pipe Industry Co.,Ltd (SZSE:002671) completed the acquisition of 80% stake in Nantong Power Station Valve Co., Ltd from Zhejiang DA Control Technology Co., Ltd., Li Hailin, Li Bin, and Gu Lina. Shandong Longquan Pipe Industry Co.,Ltd (SZSE:002671) agreed to acquire 80% stake in Nantong Power Station Valve Co., Ltd from Zhejiang DA Control Technology Co., Ltd., Li Hailin, Li Bin, and Gu Lina on November 9, 2024. A cash consideration will be paid by Shandong Longquan Pipe Industry Co.,Ltd. As part of consideration, an undisclosed value is paid towards common equity of Nantong Power Station Valve Co., Ltd.
Shandong Longquan Pipe Industry Co.,Ltd (SZSE:002671) completed the acquisition of 80% stake in Nantong Power Station Valve Co., Ltd from Zhejiang DA Control Technology Co., Ltd., Li Hailin, Li Bin, and Gu Lina on January 21, 2025. Announcement • Dec 31
Shandong Longquan Pipe Industry Co.,Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0 in 3Q 2023). Revenue: CN¥353.5m (up 82% from 3Q 2023). Net income: CN¥62.9m (up CN¥62.6m from 3Q 2023). Profit margin: 18% (up from 0.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 30
Shandong Longquan Pipe Industry Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.14, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 18x in the Basic Materials industry in China. Total returns to shareholders of 7.5% over the past three years. New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.043 (vs CN¥0.019 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.043 (up from CN¥0.019 in 2Q 2023). Revenue: CN¥287.8m (down 3.4% from 2Q 2023). Net income: CN¥24.8m (up 114% from 2Q 2023). Profit margin: 8.6% (up from 3.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Shandong Longquan Pipe Industry Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.015 loss per share (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: CN¥0.015 loss per share (improved from CN¥0.02 loss in 1Q 2023). Revenue: CN¥131.2m (down 32% from 1Q 2023). Net loss: CN¥8.30m (loss narrowed 7.3% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥3.56, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 20x in the Basic Materials industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: CN¥0.05 (vs CN¥1.15 loss in FY 2022) Full year 2023 results: EPS: CN¥0.05 (up from CN¥1.15 loss in FY 2022). Revenue: CN¥1.11b (up 11% from FY 2022). Net income: CN¥27.8m (up CN¥668.5m from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
Shandong Longquan Pipe Industry Co.,Ltd (SZSE:002671) announces an Equity Buyback for CNY 18 million worth of its shares. Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 18 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 5 per share. The repurchased shares will be used for the later implementation of equity incentives or employee stock ownership plans. The plan will be valid for 3 months. Announcement • Dec 29
Shandong Longquan Pipe Industry Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Shandong Longquan Pipe Industry Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 58% per year over the past 5 years. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Chairman of Supervisory Board Yuhua Zhao was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Oct 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Announcement • May 06
Shandong Longquan Pipeline Engineering Co.,LTD, Annual General Meeting, May 19, 2023 Shandong Longquan Pipeline Engineering Co.,LTD, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider and approve 2022 annual report and its summary; 2022 annual accounts and 2023 financial budget report; 2022 profit distribution plan; 2022 work report of the board of directors; 2022 work report of the supervisory committee; Reappointment of 2023 audit firm; 2022 remuneration for directors and senior management and 2023 remuneration plan; 2022 remuneration for supervisors and 2023 remuneration plan; 2023 application for comprehensive credit line to financial institutions; and to discuss other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.08 loss in 1Q 2022) First quarter 2023 results: CN¥0.02 loss per share (improved from CN¥0.08 loss in 1Q 2022). Revenue: CN¥191.7m (up 49% from 1Q 2022). Net loss: CN¥8.95m (loss narrowed 80% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.16 loss per share (vs CN¥0.027 profit in 3Q 2021) Third quarter 2022 results: CN¥0.16 loss per share (down from CN¥0.027 profit in 3Q 2021). Revenue: CN¥314.6m (down 35% from 3Q 2021). Net loss: CN¥74.3m (down CN¥83.7m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.014 loss per share (vs CN¥0.006 profit in 2Q 2021) Second quarter 2022 results: CN¥0.014 loss per share (down from CN¥0.006 profit in 2Q 2021). Revenue: CN¥284.3m (down 15% from 2Q 2021). Net loss: CN¥8.81m (down 340% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Non-Independent Director Bo Fu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 19
First quarter 2022 earnings released: CN¥0.08 loss per share (vs CN¥0.004 profit in 1Q 2021) First quarter 2022 results: CN¥0.08 loss per share (down from CN¥0.004 profit in 1Q 2021). Revenue: CN¥129.0m (down 25% from 1Q 2021). Net loss: CN¥44.8m (down CN¥47.1m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 02
Shandong Longquan Pipeline Engineering Co.,LTD, Annual General Meeting, Apr 22, 2022 Shandong Longquan Pipeline Engineering Co.,LTD, Annual General Meeting, Apr 22, 2022, at 14:30 China Standard Time. Agenda: To discuss 2021 annual report and its summary; to discuss 2021 work report of the board of directors; to discuss 2021 work report of the supervisory committee; to review 2021 annual accounts; to consider 2022 financial budget report; and other subject matters. Reported Earnings • Mar 06
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.03 (up from CN¥0.18 loss in FY 2020). Revenue: CN¥1.38b (up 64% from FY 2020). Net income: CN¥18.9m (up CN¥108.9m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 83%. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.06 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥482.2m (up 99% from 3Q 2020). Net income: CN¥9.39m (down 68% from 3Q 2020). Profit margin: 1.9% (down from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.079 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥335.3m (up 112% from 2Q 2020). Net income: CN¥3.67m (up CN¥38.6m from 2Q 2020). Profit margin: 1.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.10 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥172.7m (up 255% from 1Q 2020). Net income: CN¥2.27m (up CN¥51.7m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.18 loss per share (vs CN¥0.02 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥836.8m (down 25% from FY 2019). Net loss: CN¥90.1m (down CN¥97.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥3.63 The company is down 22% from its price of CN¥4.63 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥4.12 The company is down 13% from its price of CN¥4.71 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥4.42 The company is down 9.0% from its price of CN¥4.84 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. Announcement • Nov 11
An unknown buyer completed the acquisition of Hubei Dahua Construction Engineering Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671). An unknown buyer signed an equity transfer agreement to acquire Hubei Dahua Construction Engineering Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for approximately CNY 140 million on September 24, 2020. The equity transfer price will be paid in 2 payments, within 10 working days from the date of signing this agreement, the buyer shall pay Shandong Longquan Pipeline Engineering Co.,LTD 30% of the total transaction consideration, which is CNY 40.9 million and within 10 working days from the date of completion of the industrial and commercial registration change of Hubei Dahua Equity Transfer, the buyer shall pay Shandong Longquan Pipeline Engineering Co.,LTD 70% of the total transaction consideration, which is CNY 95.5 million. After the above equity transfer is completed, Hubei Dahua will no longer be a subsidiary of Shandong Longquan Pipeline Engineering Co.,LTD.
As of June 30, 2020, Hubei Dahua Construction Engineering Co., Ltd. reported total assets of CNY 155.66 million and total common equity of CNY 122.38 million. The transaction is subject to the approval of the shareholders of Shandong Longquan Pipeline Engineering Co.,LTD. The transaction was approved by the Board of Shandong Longquan Pipeline Engineering Co.,LTD. The transaction does not require approval from relevant authorities. On October 12, 2020, Shandong Longquan Pipeline Engineering held the 3rd Extraordinary Shareholders Meeting of 2020, and approved transferring Hubei Dahua Construction Engineering Co., Ltd.
An unknown buyer completed the acquisition of Hubei Dahua Construction Engineering Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) on November 9, 2020. Recently, Shandong Longquan Pipeline Engineering has received the first payment of CNY 40.936 million. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥47.9m, with losses narrowing by 58% from the prior year. Total revenue was CN¥773.7m over the last 12 months, down 27% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥4.54 The company is down 1.0% from its price of CN¥4.57 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 6.0% over the same period. Announcement • Sep 26
An unknown buyer signed an equity transfer agreement to acquire Hubei Dahua Construction Engineering Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for approximately CNY 140 million. An unknown buyer signed an equity transfer agreement to acquire Hubei Dahua Construction Engineering Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for approximately CNY 140 million on September 24, 2020. The equity transfer price will be paid in 2 payments, as follows: within 10 working days from the date of signing this agreement, the buyer shall pay Shandong Longquan Pipeline Engineering Co.,LTD 30% of the total transaction consideration, which is CNY 40.9 million. Within 10 working days from the date of completion of the industrial and commercial registration change of Hubei Dahua Equity Transfer, the buyer shall pay Shandong Longquan Pipeline Engineering Co.,LTD 70% of the total transaction consideration, which is CNY 95.5 million. After the above equity transfer is completed, Hubei Dahua will no longer be a subsidiary of Shandong Longquan Pipeline Engineering Co.,LTD.
As of June 30, 2020, Hubei Dahua Construction Engineering Co., Ltd. reported total assets of CNY 155.66 million and total common equity of CNY 122.38 million. The transaction is subject to the approval of the shareholders of Shandong Longquan Pipeline Engineering Co.,LTD. The transaction was approved by the Board of Shandong Longquan Pipeline Engineering Co.,LTD. The transaction does not require approval from relevant authorities. Announcement • Sep 22
Liu Huanjun agreed to acquire 60% stake in Beijing Quanying Environmental Protection Technology Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for CNY 0. Liu Huanjun agreed to acquire 60% stake in Beijing Quanying Environmental Protection Technology Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for CNY 0 on December 19, 2017. In a related transaction, Shandong Longquan Pipeline Engineering Co.,LTD agreed to sell 80% stake in Shandong Quanrun Environmental Protection Technology Co., Ltd. for CNY 1 million. Beijing Quanying Environmental Protection Technology Co., Ltd. reported total assets of CNY 0.09 million, net assets of CNY 0.09 million, revenue of CNY 0 million and net loss of CNY 0.21 million for the year ended December 31, 2016. The transaction has been approved by Shandong Longquan Pipeline Engineering Co.,LTD in 14th session of the 3rd directorate and does not need approval from the shareholders. Announcement • Sep 19
Sun Xiaotao agreed to acquire an additional 51% stake in Beijing Longquan Jiaying Logistics Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for CNY 0. Sun Xiaotao agreed to acquire an additional 51% stake in Beijing Longquan Jiaying Logistics Co., Ltd. from Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) for CNY 0 on August 15, 2017. In a related transaction, Sun Xiaotao agreed to acquire 41% stake in Beijing Longquan Jiaying Railway Equipment Co., Ltd from Shandong Longquan Pipeline Engineering Co.,LTD for CNY 4.1 million on August 15, 2017. Beijing Longquan Jiaying Logistics Co., Ltd. reported total assets of CNY 0, net liabilities of CNY 0.07 million, operating revenues of CNY 0 and net profit of CNY 0.04 million for the year ended December 31, 2016. The transaction is approved by the Board of Shandong Longquan Pipeline Engineering Co., LTD. Announcement • Sep 12
Shandong Longquan Pipeline Engineering Co.,LTD announced that it has received CNY 338.268451 million in funding from Jianhua Construction Materials (China) Co., Ltd. On August 20, 2020, Shandong Longquan Pipeline Engineering Co.,LTD closed the transaction. The company will issue 94,488,394 shares at a price of CNY 3.58 per share for gross proceeds of CNY 338,268,450.52. The company paid CNY 9,433,962.26 for underwriting & sponsorship fees, CNY 943,396.23 for audit & capital verification , CNY 943,396.23 for legal expenses, CNY 37,735.85 for information disclosure, CNY 89,139.99 for securities registration. The capital of the company increased from CNY 472,441,974 shares to CNY 566,930,368 shares. Announcement • Aug 14
Shandong Longquan Pipeline Engineering Co.,LTD to Report First Half, 2020 Results on Aug 31, 2020 Shandong Longquan Pipeline Engineering Co.,LTD announced that they will report first half, 2020 results on Aug 31, 2020 Announcement • Jul 31
Jiangsu Jianhua Enterprise Management Consulting Co., Ltd. completed the acquisition of an additional 5% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) from Liu Changjie. Jiangsu Jianhua Enterprise Management Consulting Co., Ltd. signed the share transfer agreement to acquire an additional 5% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) from Liu Changjie for approximately CNY 110 million on December 30, 2019. As reported, Jiangsu Jianhua Enterprise Management Consulting will acquire 23.6 million shares in Shandong Longquan Pipeline Engineering Co.,LTD at a price of CNY 4.5 per share. In a related transaction, Wang Weihua signed the share transfer agreement to acquire 10.66% stake in Shandong Longquan Pipeline Engineering Co.,LTD from Liu Changjie for approximately CNY 230 million on December 30, 2019.
Jiangsu Jianhua Enterprise Management Consulting Co., Ltd. completed the acquisition of an additional 5% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE:002671) from Liu Changjie on April 14, 2020. Prior to the transaction, Jiangsu Jianhua Enterprise Management Consulting Co., Ltd. held 6.88% stake and Liu Changjie held 20.64% stake in Shandong Longquan Pipeline Engineering Co.,LTD. and post completion of the transaction, Jiangsu Jianhua Enterprise Management Consulting Co., Ltd. holds 11.88% stake and Liu Changjie holds 4.98% stake in Shandong Longquan Pipeline Engineering Co.,LTD. Announcement • Jul 30
Wang Weihua completed the acquisition of 10.66% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE : 002671) from Liu Changjie. Wang Weihua agreed to acquire 10.66% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE : 002671) from Liu Changjie for approximately CNY 230 million on December 30. 2019.
Wang Weihua completed the acquisition of 10.66% stake in Shandong Longquan Pipeline Engineering Co.,LTD (SZSE : 002671) from Liu Changjie on April 15, 2020. Shandong Longquan Pipeline Engineering Co.,LTD received a notice that China Securities Depository and Clearing Company Limited issued Securities Transfer Registration Confirmation. Post completion, Wang Weihua and Liu Changjie hold 50.37 million and 23.53 million shares representing 10.67% and 4.98% stake of Shandong Longquan Pipeline Engineering Co.,LTD. 
