Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. reported its unaudited condensed consolidated financial statements for the six months ended June 30, 2025. The Group recorded a revenue of RMB 1.389 billion, a decrease from RMB 1.638 billion in the same period of 2024. The cost of sales and services also decreased from RMB 1.331 billion in 2024 to RMB 1.134 billion in 2025. Consequently, the gross profit stood at RMB 255 million, down from RMB 307 million in the previous year. In terms of segment performance, the steel pipes segment achieved a revenue of RMB 1.262 billion, with the property development and investment segment contributing RMB 126.7 million. The company also recorded a gain on disposal amounting to approximately RMB 78.7 million for the period. Other income and gains saw a significant increase, rising to RMB 135.8 million from RMB 31.4 million in 2024. However, the administrative expenses increased significantly to RMB 139.3 million from RMB 96.8 million. Selling and distribution expenses decreased to RMB 21.7 million from RMB 30.7 million. The Group's segment results showed a profit of RMB 164.6 million from steel pipes and a loss of RMB 6.3 million from property development and investment. The results indicate a net segment profit of RMB 158.3 million. Geographically, Mainland China contributed RMB 417.3 million to the revenue, while Africa was the largest contributor with RMB 551 million. Other Asian countries and the Middle East contributed RMB 157.6 million and RMB 241.6 million, respectively. Overall, the company experienced a decline in revenue and gross profit, alongside a notable rise in other income and gains.