Kingland Pipeline reports mixed Q3 results amid strategic shifts

Zhejiang Kingland Pipeline & Technologies Co., Ltd. reported a modest 3.33% increase in total assets to CNY 4,658,284,885.46 as of September 30, 2025. However, year-to-date revenue decreased by 6.73% to CNY 3,178,762,640.33, and net profit attributable to shareholders fell 23.75% to CNY 93,745,075.75. Basic earnings per share also declined by 23.45% to CNY 0.1808.

Operating cash flow decreased significantly by 70.98% to CNY 78,953,844.16, mainly due to higher bill settlement ratios. Strategically, Kingland Pipeline temporarily suspended its 1-million-ton clean energy and high-end equipment precision pipe project due to market and financial conditions. Conversely, its subsidiary, Zhangjiagang Shagang Kingland Pipeline Co., Ltd., secured its first commercial long-distance hydrogen pipeline project in Inner Mongolia.

Kingland Pipeline also established Jinzhou Tianchuang Robotics Technology (Nanjing) Co., Ltd., with a registered capital of CNY 50,000,000, to leverage intelligent robotics. The company continues its wealth management activities, with CNY 106,030,000 invested in various financial products as of September 30, 2025.