According to a report released by Jiuli Special Materials on March 21, in 2022, its seamless pipe product production decreased by 1.02% to 54,377 tons, sales dropped by about 3.87% to 53,476 tons, and year-end inventory increased by 17.38% to 6,086 tons; the output of welded pipe products rose by 2.79% to 63,220 tons, while the sales volume fell by about 2.97% to 60,897 tons, and at the same time, the year-end inventory increased by 35.45% to 8,876 tons due to delayed delivery of some overseas projects based on customer reasons mainly.