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Jiangsu Changbao Steeltube Co.,LtdSZSE:002478 Stock Report

Market Cap CN¥5.8b
Share Price
CN¥6.52
My Fair Value
CN¥8.91
26.8% undervalued intrinsic discount
1Y26.1%
7D6.4%
Portfolio Value
View

Jiangsu Changbao Steeltube Co.,Ltd

SZSE:002478 Stock Report

Market Cap: CN¥5.8b

Jiangsu Changbao SteeltubeLtd (002478) Stock Overview

Manufactures and sells steel tubes in the People’s Republic of China and internationally. More details

002478 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends5/6

002478 Community Fair Values

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Jiangsu Changbao Steeltube Co.,Ltd Competitors

Price History & Performance

Summary of share price highs, lows and changes for Jiangsu Changbao SteeltubeLtd
Historical stock prices
Current Share PriceCN¥6.52
52 Week HighCN¥6.83
52 Week LowCN¥4.85
Beta0.27
1 Month Change14.19%
3 Month Change18.12%
1 Year Change26.11%
3 Year Change-6.19%
5 Year Change35.27%
Change since IPO-26.62%

Recent News & Updates

Recent updates

Jiangsu Changbao Steeltube Co.,Ltd Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Mar 31
Jiangsu Changbao Steeltube Co.,Ltd Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Here's Why Jiangsu Changbao SteeltubeLtd (SZSE:002478) Can Manage Its Debt Responsibly

Oct 15
Here's Why Jiangsu Changbao SteeltubeLtd (SZSE:002478) Can Manage Its Debt Responsibly

Estimating The Intrinsic Value Of Jiangsu Changbao Steeltube Co.,Ltd (SZSE:002478)

Sep 26
Estimating The Intrinsic Value Of Jiangsu Changbao Steeltube Co.,Ltd (SZSE:002478)

Jiangsu Changbao SteeltubeLtd's (SZSE:002478) Upcoming Dividend Will Be Larger Than Last Year's

May 21
Jiangsu Changbao SteeltubeLtd's (SZSE:002478) Upcoming Dividend Will Be Larger Than Last Year's

Benign Growth For Jiangsu Changbao Steeltube Co.,Ltd (SZSE:002478) Underpins Its Share Price

Apr 26
Benign Growth For Jiangsu Changbao Steeltube Co.,Ltd (SZSE:002478) Underpins Its Share Price

Jiangsu Changbao SteeltubeLtd's (SZSE:002478) Earnings Are Of Questionable Quality

Apr 08
Jiangsu Changbao SteeltubeLtd's (SZSE:002478) Earnings Are Of Questionable Quality

Jiangsu Changbao SteeltubeLtd (SZSE:002478) Has A Rock Solid Balance Sheet

Mar 21
Jiangsu Changbao SteeltubeLtd (SZSE:002478) Has A Rock Solid Balance Sheet

Shareholder Returns

002478CN Metals and MiningCN Market
7D6.4%2.0%0.5%
1Y26.1%49.8%24.7%

Return vs Industry: 002478 underperformed the CN Metals and Mining industry which returned 49.8% over the past year.

Return vs Market: 002478 exceeded the CN Market which returned 24.7% over the past year.

Price Volatility

Is 002478's price volatile compared to industry and market?
002478 volatility
002478 Average Weekly Movement4.3%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.5%
10% most volatile stocks in CN Market9.4%
10% least volatile stocks in CN Market3.0%

Stable Share Price: 002478 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 002478's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19581,869Qiaolin Hanwww.cbsteeltube.com

Jiangsu Changbao Steeltube Co.,Ltd manufactures and sells steel tubes in the People’s Republic of China and internationally. The company offers OCTG products for petroleum industry, including connection tubing and casings, coupling stocks, perforation gun carrier pipes, petroleum tool pipes, drill and green pipes, and slotted pipes; boiler tubes for power generation, such as boiler tubes, water heater, boilers, and U bended tubes; steel tubes for auto industry comprising automobile precision tubes, piping for hydraulic cylinders, and axel tubes; petrochemical tubes, steel tubes for low temperature resistance, and high pressure fertilizer tubes; and steel tubes for engineering machinery industry, such as mechanical steel pipes, boom pipes, and piping for hydraulic cylinders. It also provides line pipes, geological drilling pipes, core barrels, rope corning drill pipe materials, gas cylinder pipes, and accumulator tubes, as well as steel pipes for marine engineering, structural purpose, and fluid transmission.

Jiangsu Changbao Steeltube Co.,Ltd Fundamentals Summary

How do Jiangsu Changbao SteeltubeLtd's earnings and revenue compare to its market cap?
002478 fundamental statistics
Market capCN¥5.83b
Earnings (TTM)CN¥615.31m
Revenue (TTM)CN¥5.76b
9.5x
P/E Ratio
1.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
002478 income statement (TTM)
RevenueCN¥5.76b
Cost of RevenueCN¥4.82b
Gross ProfitCN¥931.20m
Other ExpensesCN¥315.89m
EarningsCN¥615.31m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.69
Gross Margin16.18%
Net Profit Margin10.69%
Debt/Equity Ratio13.0%

How did 002478 perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
32%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 13:35
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Jiangsu Changbao Steeltube Co.,Ltd is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai WangEverbright Securities Co. Ltd.
Bin LiHuatai Research
Zhiqiang RenIndustrial Securities Co. Ltd.