Xinxing Casting Pipe (000778): Won the bid for Wuxi Water Group Co., Ltd. procurement project, with a winning bid amount of 4,699,000 yuan.

NightAirdropper · 2026-03-24T21:13:48+00:00

Xinxing Ductile Iron Pipe Co., Ltd. won the bid for Wuxi Water Group's 2026 ductile iron water pipe procurement project, with a bid amount of 4.699 million yuan. In 2024, operating revenue was 36.194 billion yuan and net profit was 167 million yuan, both showing significant declines.

NightAirdropper

2026-03-24 21:13:48

Abstract generation in progress

Tongbi Finance News: According to the public announcement of the winning bid results for the water supply ductile iron pipe (K9, 1.6MP) procurement project from January 2026 to June 2026 by Wuxi Water Group Co., Ltd., as shown in the “Jiangsu Guangxin Engineering Consulting Co., Ltd.,” Emerging Foundry Co., Ltd. announced on March 24, 2026, that it won the bid for the procurement project of Wuxi Water Group Co., Ltd., with a winning bid amount of 4.699 million yuan.

Related listed company: Xinxing Ductile Iron Pipes Co., Ltd. (000778.SZ)

Tip from Tongbi Finance:

Xinxing Ductile Iron Pipes (000778.SZ) reported a revenue of 36.194 billion yuan in 2024, with a revenue growth rate of -16.32%. The net profit attributable to the parent company was 167 million yuan, with a net profit growth rate of -87.60%. The return on equity was 0.66%.

In the first half of 2025, the company’s revenue was 17.728 billion yuan, with a growth rate of -5.36%. The net profit attributable to the parent was 40.4 million yuan, with a growth rate of -5.58%.

The company currently belongs to the materials industry, mainly producing steel plates, steel pipes, and section steels. In 2024, the main product composition was: ductile pipes 30.53%; ordinary steel 27.96%; special steel 24.82%; other products 16.69%.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.