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An update from Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. ( (HK:1938) ) is now available.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. reported its unaudited financial results for the first half of 2025, showing a decrease in revenue to RMB 1,389,183,000 from RMB 1,638,141,000 in the same period of 2024. Despite the revenue drop, the company achieved a significant increase in profit before tax, reaching RMB 175,133,000 compared to RMB 86,665,000 in the previous year, attributed to higher other income and gains, and reduced other expenses. This financial performance indicates a strategic shift in operations that may enhance the company’s market positioning and stakeholder confidence.
The most recent analyst rating on (HK:1938) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. stock, see the HK:1938 Stock Forecast page.
More about Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. operates in the petroleum and natural gas industry, focusing on the production and distribution of steel pipes. The company is known for its role in providing essential infrastructure components to support energy transportation and distribution networks.
Average Trading Volume: 1,258,414
Technical Sentiment Signal: Buy
Current Market Cap: HK$409.5M
For detailed information about 1938 stock, go to TipRanks’ Stock Analysis page.