Chinese oil and gas pipe maker Dalipal's H1 revenue dips

Dalipal Holdings

28/08/2026 15:59

Overview
China oil and gas pipe maker's H1 revenue fell 2.9% yr/yr
Gross profit rose 21.7% despite lower revenue
Company posted net loss of RMB 14.1 mln

Outlook
The Group expects its distributed photovoltaic project to connect to the grid within 2026

Result Drivers
HIGH-VALUE PRODUCT MIX – Gross margin rose to 11.3% from 9.0%, mainly due to a higher share of high-value-added products
DOMESTIC VOLUME PRESSURE – Revenue fell 2.9% as industry competition reduced domestic sales volume; higher export volume partly offset the decline
FREIGHT COST INFLATION – Selling expenses rose 26.5% as overseas volumes lifted shipping, port and commission costs amid higher freight rates

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.64 bln
 

Analyst Coverage
Wall Street's median 12-month price target for Dalipal Holdings Ltd is HK$9.10, about 129.2% above its August 28 closing price of HK$3.97
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)