Financial Performance - The company's operating revenue for 2024 was CNY 1,356,346,670.03, representing a 2.95% increase from CNY 1,317,495,782.20 in 2023[18]. - The net profit attributable to shareholders for 2024 improved significantly to a loss of CNY 43,699,833.39, a 92.29% reduction in loss compared to CNY 566,861,510.82 in 2023[18]. - The net cash flow from operating activities for 2024 was CNY 43,872,797.18, down 67.50% from CNY 134,992,577.56 in 2023[18]. - The total assets at the end of 2024 were CNY 2,420,182,877.14, a decrease of 16.20% from CNY 2,888,081,988.80 at the end of 2023[18]. - The net assets attributable to shareholders increased by 16.10% to CNY 492,269,498.07 in 2024 from CNY 424,013,364.43 in 2023[18]. - The company reported a total of CNY 267,726,386.47 in non-recurring gains and losses for 2024, compared to a loss of CNY 11,009,135.80 in 2023[23]. - The first quarter of 2024 saw operating revenue of CNY 193,609,052.43, with a net profit of CNY 216,912,792.77, while subsequent quarters reported losses[21]. - The company achieved a total operating income of approximately 1.356 billion RMB, representing a year-on-year increase of 2.95%, while the net profit attributable to shareholders was a loss of 44 million RMB, a 92.29% reduction in losses compared to the previous year[28]. Business Operations - The company reported a significant change in its business scope, now including the production and sales of various oil machinery and related products[15]. - The company operates in the energy equipment industry, which is influenced by global economic growth, oil and gas prices, and exploration expenditures[25]. - The company has seen a recovery in demand for oil and gas equipment and services due to sustained high international oil prices[25]. - The company's main products, including oil pipes and casings, accounted for approximately 90.73% of total revenue, with overseas sales revenue increasing by over 25% year-on-year[27]. - The company completed the sale of Shouguang Baolong and Weihai Baolong shares, generating an investment income of approximately 260 million RMB, which contributed to the net profit for 2024[28]. - The company has established a strong sales network and plans to develop four new overseas market regions and acquire 30 new customers in 2024[33]. - The company has undertaken over 80 national and provincial-level research projects and has established several innovation platforms, enhancing its R&D capabilities in energy equipment[30]. Research and Development - The company has developed a series of special-purpose products with independent intellectual property rights, which are widely used in domestic and international oil fields[31]. - The company has established a hydrogen energy R&D base in collaboration with China University of Petroleum (Beijing) to advance hydrogen energy equipment development[30]. - The company completed the development of large-diameter thin-walled high-strength pipeline technology, enhancing its competitiveness in the market[49]. - The company completed the development of high-strength steel grade Q125 for deep and ultra-deep oil applications, enhancing competitiveness in the high-grade casing product line[50]. - The company has developed pipeline products for hydrogen transport that meet high-pressure requirements, establishing a foundation for entering the emerging hydrogen energy market[50]. - The company is participating in national hydrogen demonstration projects to deepen cooperation with hydrogen equipment manufacturers, laying the groundwork for expanding the new energy supply chain[50]. Cost Management - The company has reduced its three major expenses by 35.61% year-on-year, significantly improving cost control and operational efficiency[28]. - Material costs for pipe products increased by 13.30% to ¥922,084,291.34, representing 78.92% of total costs[43]. - Sales expenses decreased by 9.73% to ¥16,842,360.97 compared to the previous year[49]. - Management expenses saw a significant reduction of 47.86%, totaling ¥118,952,881.37, primarily due to the sale of a subsidiary[49]. - Financial expenses decreased by 15.35% to ¥96,614,115.45, attributed to a reduction in financing amounts[49]. - R&D expenses decreased by 17.39% to ¥29,309,446.94, mainly due to reduced R&D investments[49]. Market Strategy - The company plans to strengthen market research and optimize product structure to enhance competitiveness and adapt to market demand changes[80]. - The company will focus on high-value product orders and expand marketing channels to boost sales in key markets[80]. - The company is actively seeking additional financing to alleviate cash flow pressure, optimizing debt structure and reducing high-interest debt rates[82]. - The company has implemented a strong overseas strategy, expanding its market presence in over 50 countries, including new orders in Kazakhstan, Vietnam, Ecuador, and Egypt[83]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[99]. - The supervisory board is composed of 3 members, including 1 employee representative, fulfilling legal obligations for oversight of major company matters[100]. - The company emphasizes transparency in information disclosure, adhering to relevant laws and regulations, and ensuring equal access to information for all shareholders[101]. - A fair and transparent performance evaluation and incentive mechanism for directors and senior management has been established[102]. - The company maintains independence in assets, personnel, finance, organization, and business from controlling shareholders and actual controllers[105]. Personnel Changes - The company experienced several resignations and appointments among its board members and senior management, including the resignation of the chairman on May 10, 2024, due to job relocation[115]. - Significant personnel changes include the retirement of Yao Youling and the resignation of Li Zhixin due to personal reasons[116]. - The company is undergoing a leadership transition with multiple new appointments and retirements scheduled throughout 2024[116]. - The company will see a change in its financial director on November 21, 2024, as part of a scheduled rotation[115]. Risk Management - The company has established a risk management system to monitor, assess, and manage various risks associated with its activities[194]. - Market risks are significant due to the cyclical nature of the energy equipment manufacturing industry, influenced by global economic growth and oil price fluctuations[86]. - The company is monitoring raw material price volatility to control manufacturing costs and adjust product pricing accordingly[87]. - Increasing safety and environmental regulations pose a risk, leading to higher compliance costs for the company[88]. - The company is closely watching exchange rate fluctuations to mitigate potential impacts on operational performance[89]. Future Outlook - The company anticipates a stable increase in oil and gas production, maintaining crude oil output above 200 million tons by 2025, supporting upstream exploration and development investments[78]. - The oil and gas industry is expected to maintain a favorable outlook, with supply-demand fundamentals driving international oil price stability[78]. - The company aims to enhance its position as an internationally recognized energy equipment manufacturer and service provider by 2025[79].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 291,392,171.76, representing a 50.51% increase compared to CNY 193,609,052.43 in the same period last year[6] - Net profit attributable to shareholders decreased by 97.50% to CNY 5,423,201.01 from CNY 216,912,792.77 year-on-year[6] - The net cash flow from operating activities surged by 14,399.50% to CNY 381,004,412.19, compared to a negative cash flow of CNY 2,664,458.90 in the previous year[6] - Total operating revenue for the current period reached ¥291,392,171.76, a significant increase from ¥193,609,052.43 in the previous period, representing a growth of approximately 50.5%[33] - The net profit for the current period was ¥5,349,896.09, compared to ¥216,128,932.23 in the previous period, indicating a substantial decline in profitability[35] - The total comprehensive income for the current period is 5,376,074.88, compared to 216,097,382.29 in the previous period, indicating a significant decrease[36] Assets and Liabilities - The company's total assets increased by 0.71% to CNY 2,437,307,022.32 from CNY 2,420,182,877.14 at the end of the previous year[6] - Total assets at the end of the period amounted to ¥2,437,307,022.32, up from ¥2,420,182,877.14 at the beginning of the period, showing a growth of approximately 0.7%[31] - Total liabilities increased to ¥1,939,796,882.36 from ¥1,928,288,812.05, marking a rise of about 0.6%[30] - Current liabilities rose to ¥1,928,586,590.10 from ¥1,916,905,267.36, reflecting an increase of about 0.9%[28] Cash Flow - Operating cash flow for Q1 2025 reached approximately ¥381 million, a significant increase of 14,399.50% compared to a negative cash flow of approximately ¥2.66 million in Q1 2024, primarily due to cash received from the sale of subsidiaries in 2024[16] - The net cash flow from investing activities decreased by 94.93% to approximately ¥7.18 million in Q1 2025, down from approximately ¥141.72 million in Q1 2024, mainly due to the absence of proceeds from the disposal of subsidiary equity[16] - The net cash flow from operating activities is 381,004,412.19, a turnaround from a negative cash flow of (2,664,458.90) in the previous period[40] - The net cash flow from investing activities is 7,182,408.00, down from 141,716,637.04 in the previous period, indicating a decrease of about 94.9%[40] - The net cash flow from financing activities shows a negative value of (113,135,419.35), compared to (114,672,859.01) in the previous period, indicating a slight improvement[41] Shareholder Information - Total number of common shareholders at the end of the reporting period was 24,735, with 24,690 A-share holders and 45 H-share holders[17] - The largest shareholder, Shouguang Molong Holdings Co., Ltd., holds 29.53% of shares, totaling 235,617,000 shares, with 114,355,556 shares pledged[19] Expenses and Income - Management expenses decreased by 76.35% to CNY 8,030,225.66, due to cost control measures and the exclusion of a previously sold subsidiary from consolidation[13] - The company recorded a 184.15% increase in non-operating income, totaling CNY 7,700,620.42, primarily due to received litigation compensation[14] - Total operating costs increased to ¥298,573,822.88 from ¥247,395,469.13, reflecting a rise of about 20.7%[33] - The company reported a significant increase in other income to ¥311,243.72 from ¥33,789.37, representing a growth of approximately 820.5%[35] - Research and development expenses were reported at ¥2,314,906.67, slightly down from ¥2,633,923.36, indicating a decrease of about 12.1%[33] Equity and Earnings - The weighted average return on equity dropped to 1.10% from 40.69% year-on-year, a decrease of 39.59%[6] - The company’s equity attributable to shareholders increased to ¥497,716,259.99 from ¥492,269,498.07, reflecting a growth of approximately 1.0%[31] - Basic and diluted earnings per share are both 0.0068, a significant drop from 0.2719 in the previous period[36] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, rising by 396.86% to CNY 431,216,177.07 from CNY 86,788,890.12[10] - The cash and cash equivalents at the end of the period increased to 359,473,276.16 from 110,480,304.34, marking a substantial increase of approximately 225.5%[41] - Cash received from sales of goods and services decreased to 268,783,533.13 from 305,244,987.43, reflecting a decline of approximately 11.9%[38] - The cash received from other operating activities surged to 458,953,347.93 from 4,096,323.52, reflecting a dramatic increase[38]

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue reached RMB 1,356,346,670.03, an increase of approximately 2.95% compared to RMB 1,317,495,782.20 in the previous year[6]. - The loss attributable to equity owners was RMB 43,699,833.39, a significant reduction of about 92.29% from the loss of RMB 566,861,510.82 in the same period last year[6]. - The earnings per share (EPS) improved to approximately RMB 0.05, compared to a loss per share of RMB 0.71 in the previous year, reflecting an increase of about 92.96%[6]. - The total net profit for the year was RMB (44,636,618.16), a significant improvement from RMB (578,534,451.16) in the previous year[8]. - The total operating loss for 2024 was approximately $48.28 million, compared to a loss of $549.18 million in 2023, indicating a significant improvement in financial performance[25]. - The company reported a total comprehensive income of RMB (578,837,140.19) for the current period, a significant decrease compared to the previous period[3]. - The total loss attributable to equity owners for 2024 was RMB 43,699,833.39, with a basic and diluted loss per share of RMB 0.05[44]. - The company reported a net profit attributable to shareholders of RMB -43,699,833.39 for the fiscal year ending December 31, 2024[70]. Revenue and Sales - The total operating revenue for 2024 is reported at RMB 1,356,346,670.03, an increase from RMB 1,317,495,782.20 in 2023, reflecting a growth of approximately 2.9%[21]. - The revenue from pipe products reached RMB 1,230,613,168.65 in 2024, up from RMB 1,141,475,324.31 in 2023, indicating a growth of about 7.8%[21]. - The company's main products, including oil pipes and casings, accounted for nearly 90.73% of total revenue, with export sales increasing by over 25% year-on-year[45]. - The total revenue from the pipe products segment was approximately $1.23 billion, while the three-pump equipment segment generated about $34.15 million in revenue[24]. - The company reported a decrease in the revenue from oil machinery components, which fell to RMB 1,867,935.18 in 2024 from RMB 18,345,313.86 in 2023, indicating a decline of approximately 89.8%[21]. Costs and Expenses - The total operating costs decreased to RMB 1,572,301,308.13 from RMB 1,627,990,434.22, indicating a reduction in costs[7]. - The company reported a decrease in research and development expenses to RMB 29,309,446.94 from RMB 35,480,208.21, reflecting a focus on cost management[7]. - The company experienced a reduction in management expenses from RMB 228,139,393.15 to RMB 118,952,881.37, indicating improved operational efficiency[7]. - Financial expenses decreased to approximately $96.61 million in 2024 from $114.13 million in 2023, showing effective cost management[27]. - Employee costs decreased to RMB 130,228,148.44 in 2024 from RMB 193,620,108.47 in 2023, a reduction of approximately 32.7%[32]. - Research and development costs were RMB 27,102,934.69 in 2024, down from RMB 30,578,559.41 in 2023, indicating a decrease of about 11.9%[32]. Assets and Liabilities - The total assets as of December 31, 2024, amounted to RMB 1,935,407,894.38, compared to RMB 923,407,920.06 in the previous year, indicating substantial growth in total assets[9]. - Total assets amounted to approximately $2.42 billion, with non-current assets totaling around $484.77 million[10]. - Current liabilities reached approximately $1.92 billion, with short-term borrowings at about $1.43 billion[10]. - Total liabilities were approximately $1.93 billion, while non-current liabilities accounted for about $11.38 million[11]. - Owner's equity totaled approximately $491.89 million, with retained earnings showing a deficit of around $1.47 billion[11]. - The company reported a capital reserve of approximately $979.78 million, reflecting an increase from the previous period[11]. - The total liabilities and owner's equity combined reached approximately $2.42 billion, consistent with total assets[11]. - The company's total current liabilities increased by approximately 26.4% compared to the previous period[10]. - The company's total non-current liabilities decreased by approximately 91.2% compared to the previous period[11]. - The group's total assets at the end of the reporting period were RMB 2.42 billion, a year-on-year decrease of 16.20%[48]. - The net assets attributable to shareholders of the listed company were RMB 492 million, a year-on-year increase of 16.10%[48]. Strategic Initiatives and Future Plans - The company plans to expand its market presence and enhance product offerings in the energy equipment sector, focusing on innovation and technology development[17]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[24]. - The company is actively seeking new financing to alleviate cash flow pressure, including bank loans and financing leases[54]. - The company has expanded its overseas strategy, currently operating in over 50 countries and regions, including Kazakhstan and Vietnam[55]. - The company aims to enhance market research and optimize product structure to improve competitiveness in response to market demand changes[52]. - The company plans to maintain a stable development strategy in the oil and gas industry, with expectations for oil production to remain above 200 million tons by 2025[49]. Risk Management and Compliance - The company emphasizes risk management and internal control to reduce operational risks and enhance resilience[56]. - The company is closely monitoring raw material price fluctuations to control manufacturing costs and adjust product prices accordingly[59]. - The company is committed to enhancing environmental protection investments due to stricter national safety and environmental policies[60]. - The company has adopted measures to mitigate risks associated with currency fluctuations, particularly with the RMB[61]. - The company has maintained compliance with corporate governance standards and continues to implement measures to adhere to changes in regulations[71]. Dividends and Shareholder Information - The company did not recommend the distribution of a final dividend for the fiscal year ending December 31, 2024[6]. - The board of directors does not recommend the distribution of a final dividend for the fiscal year ending December 31, 2024[69]. - The annual report for the year ending December 31, 2024, will be sent to shareholders and is available for download on the company's website and the Hong Kong Stock Exchange[79].

Financial Performance - The company's operating revenue for the third quarter reached ¥400,483,972.01, representing a 96.60% increase compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥104,738,904.56, a decrease of 18.13% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥105,526,854.62, down 18.85% compared to the previous year[3] - The company reported a basic earnings per share of (¥0.1312), a decrease of 17.99% year-on-year[3] - The diluted earnings per share also stood at (¥0.1312), reflecting the same percentage decrease[3] - The weighted average return on net assets was -19.10%, a decline of 7.95% compared to the previous year[3] - The company reported a total operating profit of approximately 60.19 million, a significant improvement from a loss of 254.23 million in the previous period[22] - Net profit for the current period reached approximately 64.61 million, compared to a net loss of 254.68 million in the prior period[22] - The basic and diluted earnings per share for the current period were both 0.0820, recovering from a loss of 0.3095 in the previous period[23] - Total comprehensive income attributable to the parent company was approximately 65.57 million, compared to a loss of 247.28 million in the previous period[23] Cash Flow - The net cash flow from operating activities increased by 156.07% to ¥52,228,518.39 year-to-date[3] - Cash flow from operating activities increased by 156.07% to ¥52,228,518.39, driven by higher cash receipts from sales[10] - The net increase in cash and cash equivalents was (¥73,676,883.08), an improvement from (¥270,392,594.47) in the previous period, reflecting combined cash flow impacts[10] - The company received approximately 31.45 million in tax refunds, a notable increase from 0.47 million in the previous period[25] - Operating cash inflows totaled approximately 1.11 billion, up from 1.07 billion in the previous period[25] - The company incurred cash outflows of approximately 1.05 billion from operating activities, slightly higher than 1.04 billion in the previous period[25] - The net cash flow from investment activities was 139,311,867.35, a significant improvement from the previous period's negative cash flow of (4,413,963.35)[26] - Cash inflow from financing activities amounted to 2,772,744,400.69, compared to 3,256,156,598.33 in the prior period, indicating a decrease of approximately 14.7%[26] - The net cash flow from financing activities was (258,985,580.89), slightly better than the previous period's (292,004,557.16)[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,764,646,911.14, a decrease of 4.27% from the previous year[3] - The equity attributable to shareholders increased by 15.63% to ¥490,295,354.48 compared to the end of the previous year[3] - Total current assets amount to 1,322,322,991.01 RMB, an increase from 923,407,920.06 RMB at the beginning of the period[15] - Total liabilities decreased from 2,553,379,468.25 to 2,274,627,128.70, a reduction of about 10.9%[19] - Long-term liabilities decreased from 130,258,420.38 to 25,275,429.47, a significant reduction of approximately 80.6%[19] - The equity attributable to the parent company increased from 424,013,364.43 to 490,295,354.48, an increase of about 15.6%[19] Receivables and Inventory - Accounts receivable decreased by 84.45% to ¥12,128,908.42 due to a reduction in outstanding commercial acceptance bills[6] - Other receivables increased significantly by 8,276.66% to ¥391,617,428.91 primarily from passive financial assistance after the sale of subsidiary equity[6] - Accounts receivable decreased slightly to 252,754,455.53 RMB from 253,264,672.00 RMB[15] - Inventory increased to 547,454,366.08 RMB from 454,882,307.24 RMB[15] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 27,553, including 27,509 H-share holders[11] - The largest shareholder, Shouguang Molong Holdings Co., Ltd., holds 29.53% of shares, equating to 235,617,000 shares[11] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by Shouguang Molong Holdings and Hong Kong Central Clearing Limited[12] - No significant changes in the shareholding structure due to margin trading activities were reported[13] Other Financial Metrics - Non-recurring gains and losses for the reporting period totaled ¥787,950.06, significantly lower than the previous year's total of ¥285,853,814.28[4] - Management expenses decreased by 51.88% to ¥94,814,055.40 due to cost control measures and reduced expenses after subsidiary equity transfers[8] - The company reported a substantial increase in other income by 132,723.59% to ¥7,031,782.73, influenced by VAT rebate policies[8] - The company recognized an asset impairment loss of (¥72,074,572.87), a significant increase of 2,531.55% compared to the previous year[8] - The company’s investment income reached ¥282,091,477.58, resulting from the sale of related subsidiary equity[8] - The company’s tax expenses showed a significant change, with a decrease of 117.82% to (¥339,579.86) due to unrecognized deferred tax expenses[8]

Financial Performance - Operating revenue for the first half of 2024 was CNY 604,627,930.88, a decrease of 24.27% compared to CNY 798,419,015.10 in the same period last year[11]. - Net profit attributable to shareholders was CNY 170,134,914.07, a significant increase of 207.52% from a loss of CNY 158,242,397.13 in the previous year[11]. - The net cash flow from operating activities reached CNY 121,341,347.40, improving by 610.47% compared to a negative cash flow of CNY 23,770,597.65 last year[11]. - Basic earnings per share were CNY 0.2132, a turnaround from a loss of CNY 0.1983 per share in the same period last year, reflecting a 207.51% increase[11]. - Total assets at the end of the reporting period were CNY 2,785,815,580.65, down 3.54% from CNY 2,888,081,988.80 at the end of the previous year[11]. - Net assets attributable to shareholders increased by 40.27% to CNY 594,758,642.76 from CNY 424,013,364.43 at the end of the previous year[11]. - The weighted average return on net assets improved to 33.42%, an increase of 50.84 percentage points from -17.42% in the previous year[11]. - The company achieved a net profit attributable to shareholders of approximately RMB 170 million, influenced by the sale of 70% equity in Shouguang Baolong and 98.0769% equity in Weihai Baolong, generating an investment income of about RMB 281 million[17]. - The company's operating revenue was approximately RMB 605 million, a year-on-year decrease of 24.27%, primarily due to a focus on cost control and efficiency improvements[17]. Assets and Liabilities - Total assets at the end of the reporting period were approximately RMB 2.786 billion, a decrease of 3.54% compared to the beginning of the year, while net assets attributable to shareholders increased by 40.27% to approximately RMB 595 million[17]. - Total liabilities decreased to RMB 2,191,364,000 as of June 30, 2024, from RMB 2,974,997,000 as of June 30, 2023, a reduction of 26.4%[98]. - The asset-liability ratio is approximately 78.66%, down from 88.41% in 2023, with total liabilities of RMB 2.191 billion and total assets of RMB 2.786 billion[126]. - Cash and cash equivalents at the end of the period were CNY 90,475,362.73, accounting for 3.25% of total assets, down from 3.43% last year[34]. - Fixed assets decreased to CNY 1,279,176,385.26, accounting for 45.92% of total assets, down from 54.62% last year, reflecting an 8.70% decrease due to the sale of subsidiary equity[34]. Market and Operational Strategy - The company operates under a "sales-driven production" model, ensuring orderly production and delivery based on market demand and customer orders[17]. - The company has developed a series of new products, including pipeline products that meet customer standards, and has optimized production processes to improve efficiency and reduce costs[22]. - The company has a mature sales network and specialized teams for domestic and international market research, development, and after-sales service[17]. - The company expanded its overseas market presence by developing 2 new market regions and acquiring 10 new customers in the first half of 2024[24]. - The domestic market revenue decreased by 41.43% to ¥372,373,974.21, while overseas market revenue increased by 42.79% to ¥232,253,956.67[28]. Research and Development - Research and development investment decreased by 22.60% to ¥14,106,548.95, attributed to reduced spending on new product development[27]. - The company holds 187 patents, including 19 invention patents, and has established a technology innovation system that integrates industry, academia, and research[21]. - The company is prioritizing research and development to innovate and improve existing product lines[185]. Environmental and Compliance - The company strictly adheres to environmental protection policies and industry standards, including Shandong Province's air pollutant emission standards[60]. - The company has established comprehensive wastewater treatment facilities across all production sites, ensuring all treated wastewater is recycled and not discharged[64]. - The company has implemented various air pollution control measures, including denitrification and dust removal equipment, to ensure compliance with emission standards[64]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[68]. Corporate Governance - The company has a robust internal control management system to protect shareholder rights and ensure transparent decision-making processes[69]. - The company has established an audit committee to review and supervise financial reporting procedures, risk management, and internal controls[139]. - The company has continuously improved its governance practices in accordance with relevant laws and regulations, with no deviations from the Corporate Governance Code[118]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[185]. - Future guidance indicates a cautious outlook, with expected revenue growth in the range of 5-7% for the next quarter[185]. - The management expressed confidence in achieving the performance guidance set for the upcoming quarters, despite the current economic challenges faced[190].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 （ 於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：568） 截至二零二四年六月三十日止六個月 之中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------| | | | | 摘 | 要 | | . | 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月，本 集 團 的 收 入 達 人 民 幣 60,462.79 萬 元 ， 較 去 年 同 期 下 降 約 24.27% 。 | | . | 本 公 司 所 有 者 權 益 應 佔 純 利 為 人 民 幣 17,013.49 萬 元 ， 去 年 同 期 為 人 民 幣 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ，並 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 重 要 內 容 提 示 ： □ 是 ✓ 否 3 □ 適用 ✓ 不適用 1 一、主要財務數據 （一）主要會計數據和財務指標 | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------|----------------|--------------------------------------------------------------------- ...

承 董 事 會 命 山 東 墨 龍 石 油 機 械 股 份 有 限 公 司 董 事 長 袁 瑞 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 澄 清 公 告 本 公 司 謹 此 澄 清 英 文 版 20 2 3 年 年 度 業 績 公 告 第 29 頁 「 暫 停 辦 理 股 份 過 戶 登 記 」 一 節 中 , 提 及 的 「 20 2 3 年 5 月 22 日 」 及 「 20 2 3 年 5 月 16 日 」 應 分 別 為 「 20 2 4 年 5 月 22 日 」 及 「 20 2 4 年 5 月 1 6 日 」 。 中 國 山 東 二 零 二 四 年 四 月 五 日 * 謹 此 提 述 山 東 墨 龍 石 油 機 械 股 份 有 限 公 司 ( 「 本 公 司 」 ) ...

Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 1,317,495,782.20, a significant decrease of approximately 52.3% compared to RMB 2,765,645,281.40 in 2022[12] - Revenue from foreign transactions originating from China was RMB 990,219,379.24, down from RMB 2,359,717,382.90 in the previous year, representing a decline of about 58.0%[13] - The company reported a net loss of RMB 231,188,456.56 for the year, compared to a loss of RMB 16,980,412.51 in the previous year, indicating a significant increase in losses[15] - The loss attributable to equity owners was RMB 566,861,510.82, an increase of approximately 33.39% from RMB 424,969,725.59 in the prior year[26] - The loss per share was approximately RMB 0.71, up about 33.96% from RMB 0.53 per share in the previous year[26] - The total operating revenue was approximately 1.32 billion, a decrease from 2.77 billion in 2022, representing a decline of about 52.3%[104] - The operating profit for 2023 was approximately -549.18 million, compared to -441.51 million in 2022, reflecting a worsening of about 24.4%[104] - The total comprehensive loss for 2023 was $(578.84) million, compared to $(450.44) million in 2022, indicating a worsening of approximately 28.5%[108] Assets and Liabilities - The total liabilities amounted to RMB 2,553,379,468.25, a decrease from RMB 3,128,252,351.27 in the previous year, indicating a reduction of approximately 18.3%[4] - Total assets decreased from $4.04 billion in 2022 to $2.89 billion in 2023, a decline of approximately 28.4%[109] - Total liabilities decreased from $2.97 billion in 2022 to $2.42 billion in 2023, a reduction of approximately 18.5%[109] - The company reported a total accounts receivable of RMB 302,629,749.21 with a bad debt provision of RMB 49,365,077.21 for the year 2023[20] - The total accounts payable amounted to RMB 509,647,241.72, down from RMB 611,264,285.51 in the previous year[22] - Non-current assets decreased from $2.39 billion in 2022 to $1.96 billion in 2023, a decline of about 17.9%[109] Research and Development - The company has ongoing research and development efforts aimed at new product innovations, although specific details were not disclosed in the earnings call[1] - Research and development expenses in 2023 were approximately 35.48 million, down from 41.65 million in 2022, showing a decrease of about 14.8%[104] - The company is committed to innovation and product development, aiming to create marketable and profitable products through effective incentive mechanisms[75] Strategic Initiatives - The company is exploring market expansion strategies, particularly in international markets, to recover from the significant revenue decline experienced in 2023[1] - The company plans to implement cost-cutting measures to improve financial performance in the upcoming fiscal year[1] - The company plans to adjust sales strategies based on market conditions and focus on developing new markets and customers in 2024[52] - The company will continue to optimize its product and customer structure, aiming to improve market share and restore market confidence[52] - The group plans to enhance financing efforts to ensure capital safety, focusing on communication with banks and optimizing the debt structure to reduce high-interest debt rates[59] - The group will strengthen marketing efforts and optimize sales strategies to adapt to market dynamics and customer needs[73] Governance and Management - The management expressed optimism about future growth prospects, contingent on market recovery and successful execution of strategic initiatives[1] - The company is committed to maintaining high governance standards and has adhered to the corporate governance code throughout the year[180] - The management's ability to continue as a going concern is uncertain and depends on meeting future operational funding and financing needs[86] - The company has taken measures to address significant uncertainties regarding its ability to continue as a going concern, including improving financial management[174] Dividend and Shareholder Information - The board of directors does not recommend the distribution of a final dividend for the year ended December 31, 2023[26] - The company will not recommend the distribution of a final dividend for the year ending December 31, 2023, pending shareholder approval[163] - The annual report for the year ending December 31, 2023, will be sent to shareholders and is available for download on the company's website and the stock exchange websites[185] Market Conditions - The group acknowledges the impact of global economic growth, oil and gas price cycles, and carbon neutrality policies on the industry and will adjust product structure and market layout accordingly[72] - The company anticipates growth in the oil service industry due to rising oil prices and increased capital expenditure in upstream oil and gas[128]

13 | --- | --- | --- | |--------------------------------|-----------------|---------------------| | | | | | 項目 | 本期發生額 | 上期發生額 | | 應收票據壞賬損失 | 944,867.23 | 640,985.10 | | 應收賬款壞賬損失 | 2,193,242.93 | 4,646,594.01 | | 其他應收款壞賬損失 | 103,282.79 | 1,416,430.85 | | 貸款減值損失 | | | | 母公司對超額虧損子公司債權損失 | (12,958,782.06) | （ 67,971,212.05 ） | | 合計 | (9,717,389.11) | （ 61,267,202.09 ） | 10、（虧損）利潤總額 | --- | --- | --- | |----------------|---------------|--------------| | | | | | 項目 | 二零二三 | 二零二二 | | 當期所得稅費用 | 929,067.61 | 32,252 ...