J 
Jiang Su Wujin Stainless Steel Pipe Group Co 603878.SS · CNY
Materials · Shanghai · 🇨🇳 China
4.19
-2.10%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.31bn
FY2016FY2025
Net income
CN¥78.1m
FY2016FY2025
Free cash flow
CN¥268.7m
FY2016FY2025
Shareholders' equity
CN¥2.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.31bn | CN¥2.65bn | CN¥3.52bn | CN¥2.83bn | CN¥2.70bn | CN¥2.40bn | CN¥2.32bn | CN¥2.00bn | CN¥1.46bn | CN¥1.33bn |
| Research and development | CN¥53.5m | CN¥51.2m | CN¥38.3m | CN¥32.4m | CN¥35.2m | CN¥31.7m | CN¥40.5m | CN¥39.4m | CN¥32.3m | CN¥67.2m |
| Operating income | CN¥90.8m | CN¥140.6m | CN¥413.0m | CN¥239.8m | CN¥200.1m | CN¥258.7m | CN¥366.6m | CN¥235.7m | CN¥147.0m | CN¥141.5m |
| Net income | CN¥78.1m | CN¥125.7m | CN¥351.6m | CN¥215.1m | CN¥176.3m | CN¥220.4m | CN¥314.9m | CN¥199.1m | CN¥127.8m | CN¥122.5m |
| Diluted earnings per share | 0.16 | 0.22 | 0.59 | 0.35 | 0.32 | 0.38 | 0.57 | 0.36 | 0.23 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.02bn | CN¥4.05bn | CN¥4.26bn | CN¥3.82bn | CN¥3.55bn | CN¥3.43bn | CN¥3.13bn | CN¥2.88bn | CN¥2.56bn | CN¥2.33bn |
| Cash and short-term investments | — | CN¥949.8m | CN¥1.09bn | CN¥869.6m | CN¥1.01bn | CN¥773.3m | CN¥611.0m | CN¥534.3m | CN¥317.3m | CN¥647.2m |
| Total liabilities | CN¥1.39bn | CN¥1.44bn | CN¥1.46bn | CN¥1.24bn | CN¥1.08bn | CN¥1.03bn | CN¥757.7m | CN¥719.0m | CN¥537.7m | CN¥385.7m |
| Debt | CN¥304.1m | CN¥895.5m | CN¥405.0m | CN¥225.1m | CN¥133.7m | CN¥212.2m | CN¥160.2m | CN¥80.7m | CN¥20.0m | CN¥34.7m |
| Shareholders' equity | CN¥2.63bn | CN¥2.60bn | CN¥2.80bn | CN¥2.58bn | CN¥2.47bn | CN¥2.40bn | CN¥2.37bn | CN¥2.16bn | CN¥2.03bn | CN¥1.94bn |
| Shares outstanding | 495m | 580m | 597m | 613m | 554m | 576m | 557m | 554m | 565m | 456m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥312.1m | CN¥582.6m | CN¥199.9m | −CN¥20.6m | CN¥490.2m | CN¥343.9m | CN¥46.2m | CN¥55.1m | CN¥1.5m | CN¥273.2m |
| Capital spending | −CN¥43.4m | −CN¥86.0m | −CN¥88.6m | −CN¥86.3m | −CN¥104.7m | −CN¥66.0m | −CN¥75.6m | −CN¥83.8m | −CN¥50.1m | −CN¥51.3m |
| Free cash flow | CN¥268.7m | CN¥496.6m | CN¥111.4m | −CN¥106.9m | CN¥385.5m | CN¥277.9m | −CN¥29.4m | −CN¥28.8m | −CN¥48.6m | CN¥221.9m |
| Dividends paid | −CN¥52.1m | −CN¥302.5m | −CN¥158.0m | −CN¥108.2m | −CN¥108.2m | −CN¥200.4m | −CN¥122.7m | −CN¥66.5m | −CN¥37.1m | −CN¥10.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥512.6m | CN¥307.9m | CN¥590.9m | CN¥597.4m | CN¥638.2m | CN¥482.6m | CN¥561.6m | CN¥558.4m |
| Operating income | −CN¥19.4m | −CN¥22.9m | −CN¥6.0m | CN¥14.7m | CN¥50.9m | CN¥31.1m | −CN¥55.4m | CN¥37.4m |
| Net income | −CN¥31.6m | −CN¥17.6m | −CN¥8.7m | CN¥11.3m | CN¥45.2m | CN¥30.3m | −CN¥44.9m | CN¥30.7m |
| Diluted earnings per share | -0.06 | -0.04 | -0.02 | 0.02 | 0.09 | 0.06 | -0.08 | 0.05 |
| Cash from operations | — | — | — | CN¥158.0m | CN¥57.0m | CN¥51.0m | — | — |
| Capital spending | −CN¥7.0m | −CN¥5.0m | −CN¥18.0m | −CN¥11.0m | −CN¥8.0m | −CN¥4.0m | −CN¥32.0m | −CN¥10.0m |
| Free cash flow | — | — | — | CN¥147.0m | CN¥49.0m | CN¥47.0m | — | — |
| Total assets | CN¥3.95bn | CN¥3.94bn | CN¥4.02bn | CN¥4.19bn | CN¥4.16bn | CN¥4.08bn | CN¥4.05bn | CN¥3.96bn |
| Cash and short-term investments | — | — | — | CN¥900.4m | CN¥836.9m | CN¥623.6m | CN¥949.8m | CN¥911.9m |
| Debt | CN¥310.7m | CN¥307.4m | CN¥304.1m | CN¥802.3m | CN¥375.1m | CN¥341.7m | CN¥293.0m | CN¥803.4m |
| Shareholders' equity | CN¥2.55bn | CN¥2.61bn | CN¥2.63bn | CN¥2.63bn | CN¥2.62bn | CN¥2.63bn | CN¥2.60bn | CN¥2.67bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.6% | 5.9% | 11.9% | 8.9% | 7.6% | 10.9% |
| Net margin | 3.4% | 4.7% | 10.0% | 7.6% | 6.5% | 9.2% |
| Return on equity | 3.0% | 4.8% | 12.6% | 8.3% | 7.1% | 9.2% |
| Return on assets | 1.9% | 3.1% | 8.3% | 5.6% | 5.0% | 6.4% |
| Free cash flow yield | 15.4% | 24.7% | 10.3% | 2.3% | 23.0% | 15.2% |
| Revenue growth | -12.9% | -24.6% | 24.2% | 4.9% | 12.4% | 3.3% |
| Earnings growth | -37.9% | -64.2% | 63.4% | 22.0% | -20.0% | -30.0% |
| Current ratio | 2.71x | 2.55x | 3.07x | 2.43x | 2.48x | 2.60x |
| Debt to equity | 0.12x | 0.34x | 0.14x | 0.09x | 0.05x | 0.09x |
| Equity ratio | 65.3% | 64.3% | 65.7% | 67.6% | 69.6% | 70.1% |
| Interest coverage | 5.20x | 8.88x | 34.99x | 28.25x | 34.64x | 27.13x |
| R&D as a share of sales | 2.3% | 1.9% | 1.1% | 1.1% | 1.3% | 1.3% |
| Buybacks as a share of market value | 14.6% | 2.9% | 2.5% | -10.5% | 3.8% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.6% | -0.8% | 3.6% |
| Operating income | -27.7% | -18.9% | -5.1% |
| Net income | -28.7% | -18.7% | -5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.7% | 7.8% | 8.2% | 9.5% |
| Net margin | 4.1% | 6.8% | 7.1% | 8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 58.7 | 26.4 | 12.8 | 21.9 | 15.7 | 14.2 | 10.3 | 11.5 | 27.3 | 54.3 |
| Price to sales | 2.0 | 1.3 | 1.3 | 1.7 | 1.0 | 1.3 | 1.4 | 1.1 | 2.4 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.09 | 0.53 | 0.38 | 0.193 | 0.193 | 0.357 | 0.219 |
- 7-for-5 split · 15 May 2023
- 7-for-5 split · 22 Jun 2020
- 7-for-5 split · 19 Jun 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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