Chinese steel company Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes), based in Hebei Province, announced that it recorded operating revenue of 37.022 billion yuan ($5.4 billion) in 2025, up 2.29% year-on-year, with a net profit of 947 million yuan ($137.2 million) for the year, compared with a net profit of 167 million yuan, registered in 2024.
According to data released by Xinxing Ductile Iron Pipes, the revenue of its low-margin conventional steel business decreased significantly by 17.72% year on year, and its revenue share decreased from 30.09% in 2024 to 24.21% in 2025. Meanwhile, its high value-added special steel segment became an outstanding performer, with operating revenue reaching 10.432 billion yuan ($1.5 billion), up 15.66 percent year-on-year, and its share of total revenue rising to 28.18 percent.
$ 1 = 6.8654 yuan
