PCK Successfully Delivers Steel Pipes for East Africa’s Landmark Energy Project, Reports Solid 2025 Interim Results

 On August 28, 2025, Chu Kong Steel Pipe (PCK) celebrated the successful delivery of steel pipes for the TotalEnergies EACOP project at the Xuwei Port Area in Lianyungang. The event marked the completion of PCK’s supply for one of Africa’s most influential energy infrastructure projects.

Senior executives from PCK, including Group CEO Mr. Dan Zhaoxue, Lianyungang Company Chairman Mr. Guo Xiaolong, and General Manager Mr. Yang Meng, joined representatives from Xuwei Port, TotalEnergies, TUVHD Quality Certification, and other partners to witness this milestone.

Ceremony Kicks Off: Witnessing the Final Delivery of EACOP

At 3:18 p.m., the delivery ceremony officially commenced. In his remarks, Mr. Guo emphasized that taking on the full steel pipe production task for the EACOP project carried both great honor and responsibility. Since the project’s inception, PCK has focused on the goals of secure supply, guaranteed quality, innovation, and efficiency, ensuring smooth and reliable progress throughout.

On behalf of the Board of Directors, Mr. Dan expressed gratitude to TotalEnergies, supervisory bodies, local authorities, Xuwei Port, and all partners for their strong support. He also extended his appreciation to the dedicated teams at PCK’s Zhuhai and Lianyungang bases. He then announced the official launch of the final delivery phase. Shortly after, a 30,000-ton ocean vessel departed with the sixteenth shipment of pipes, completing the project’s full delivery and injecting new momentum into East Africa’s energy development.

Strong Interim Results Reflecting Resilience

Alongside the successful completion of the EACOP project, PCK released its 2025 interim results, which underscored the Group’s resilience and steady growth.

For the six months ended June 30, 2025, the Group achieved:

−       Revenue of RMB 1.389 billion

−       Net profit attributable to shareholders of RMB 172 million, up 32.6% year-on-year

−       Basic earnings per share of RMB 0.17 (up from RMB 0.13 in 2024)

The core steel pipe business contributed RMB 1.262 billion, accounting for over 90% of total revenue. Overseas sales represented 76.9% of the total, with domestic sales at 23.1%, reflecting a balanced international and domestic presence. During the period, PCK maintained a strong order pipeline of 390,000 tons and delivered approximately 215,000 tons, demonstrating its ability to efficiently meet global demand.

Driving Global Growth with Technical Excellence

The successful execution of the EACOP project and the Group’s solid interim performance reflect PCK’s dual commitment to project delivery excellence and sustainable business growth. These achievements strengthen PCK’s foundation as it continues to expand its role in global energy infrastructure markets and pursue its vision of “Made in China, Serving the World.”