TacticScaleWhat Qingdao East Steel Tower Stock Co.Ltd (东方铁塔) Does & How It Makes Money (002545.SZ)
Updated October 2026 · reflects Qingdao East Steel Tower Stock Co.Ltd's latest reported financials
Chinese maker of steel transmission towers, steel structures and potash fertilizer. It earns revenue by making and selling steel towers, poles and structural components to power grid, broadcasting, energy and construction customers, plus galvanizing services.
How Qingdao East Steel Tower Stock Co.Ltd makes money
It earns revenue by making and selling steel towers, poles and structural components to power grid, broadcasting, energy and construction customers, plus galvanizing services. A second revenue stream comes from producing and selling potash and compound fertilizers.
What Qingdao East Steel Tower Stock Co.Ltd does
Qingdao East Steel Tower, founded in 1982 and based in Jiaozhou, Shandong, makes steel structures for infrastructure. Its core products are towers and poles for power transmission and substations, radio and TV transmission towers, and steel parts for wind power, petrochemical, marine engineering, communications and building projects. It also provides hot-dip galvanizing and anti-corrosion treatment. The company also has a potash fertilizer business that makes potassium sulphate, potassium chloride, compound and mixed fertilizers. As a result, its earnings depend partly on grid and energy infrastructure spending and partly on fertilizer demand and prices.
Products & services
- Angle steel and steel pipe transmission towers
- Steel pipe poles and substation support structures
- Radio and television transmission towers
- Wind power and marine engineering steel structures
- Hot-dip galvanizing and anti-corrosion services
- Potassium sulphate, potassium chloride and compound fertilizers
东方铁塔是做什么的？
青岛东方铁塔股份有限公司成立于1982年，总部位于山东胶州，主要从事钢结构产品的制造和销售。产品包括角钢塔、钢管塔、钢管杆、变电站构架等输变电铁塔，广播电视发射塔，以及用于风电、石化、海洋工程、通信和民用建筑的钢结构件，并提供热镀锌防腐服务。 公司另有钾肥业务，生产硫酸钾、氯化钾、复合肥和掺混肥。因此，公司业绩一部分取决于电网和能源基础设施投资，另一部分取决于化肥市场的需求和价格。
What is Qingdao East Steel Tower Stock Co.Ltd worth?
On an owner-earnings DCF, Qingdao East Steel Tower Stock Co.Ltd's most-likely value is about ¥15 versus a recent price near ¥13 (13% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥9) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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