YouFa(SH:601686) Zheng Quan Ri Bao Zhi Sheng·2025-10-23 19:09Core Viewpoint - Tianjin Youfa Steel Pipe Group Co., Ltd. reported a significant increase in net profit for the third quarter, driven by higher sales volume and product gross margin, despite a decline in revenue compared to the previous year [1][2]. Financial Performance - For the first three quarters, the company's revenue was approximately 37.99 billion yuan, a year-on-year decrease of 5.19% - The net profit attributable to shareholders was about 502 million yuan, a year-on-year increase of 399.25% - In the first half of the year, the revenue was 24.888 billion yuan, down 5.81% year-on-year, while net profit increased by 160.36% to 287 million yuan [1]. Strategic Initiatives - The company aims to enhance domestic capacity layout, increase production and sales scale, and expand into overseas markets to achieve globalization goals [2]. - New projects are being accelerated for production, and the company is diversifying its product categories and strengthening its brand power [2]. - The company is focusing on green, innovative, and high-quality development, utilizing various models such as new construction, acquisitions, and partnerships to optimize capacity layout [2]. International Expansion - The company is actively exploring the welding steel pipe market in developing countries, particularly in Southeast Asia, the Middle East, and Central Asia [3]. - A wholly-owned subsidiary, Tianjin Youfa International Pipe Co., Ltd., has been established to facilitate overseas market entry and support the company's second growth curve [2][3]. Investor Returns - The company plans to distribute cash dividends based on its performance, with a total of approximately 418 million yuan in cash dividends expected for 2024 [3]. - Since its listing, the company has distributed over 1.9 billion yuan in cash dividends, demonstrating a commitment to shareholder returns [3].