Stock Code: 002457
Stock Abbreviation: Qinglong Pipeline
Announcement Number: 2026-052
Qinglong Pipeline Group Co., Ltd.
Announcement on Abnormal Fluctuations in Stock Trading
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Notice
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Qinglong Pipeline Group Co., Ltd. (hereinafter referred to as the "Company") is a company focused on the research and development, production, and sales of high-quality water transmission pipelines and related products, and provides overall solutions for water conservation and water use. The Company's main business focuses on the water conservancy market, applied in segmented areas such as inter-basin water transfer, urban water supply and drainage, urban and rural water supply, high-standard farmland construction, and water-saving irrigation. On April 22, 2026, the Company disclosed its "First Quarterly Report 2026". During the reporting period, the Company achieved operating income of 25,150.70 million yuan, a year-on-year decrease of 10.83%; net profit attributable to shareholders of the listed company was -634.11 million yuan, a year-on-year decrease of 18.18%. The pressure on performance was mainly due to the first quarter being the off-season for the industry, with lower project commencement, delivery, and acceptance progress, a year-on-year decrease in delivery volume, and a year-on-year decrease in revenue recognition. Furthermore, due to the increase in raw material prices, the Company's fixed-price purchases led to an increase in prepayments and intensified net cash outflow from operations. Based on the Company's recent operating conditions and analysis of the internal and external operating environment, there have been no significant changes in the Company's fundamentals recently. Investors are kindly reminded to pay attention to investment risks.
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As of the disclosure date of this announcement, the Company's latest trailing twelve-month P/E ratio is 38.86, and the latest non-trailing twelve-month P/E ratio is 38.56. According to the industry data released by Wind Information Co., Ltd., the latest trailing twelve-month P/E ratio for the Company's industry "Building Materials" (154010) is 22.49, and the latest non-trailing twelve-month P/E ratio is 20.26. The Company's P/E ratio level is higher than the average level of comparable listed companies in the same industry. Investors are kindly reminded to pay attention to investment risks.
I. Introduction to Abnormal Fluctuations in Stock Trading