山东墨龙石油机械股份有限公司 2023 年度内部控制自我评价报告 山东墨龙石油机械股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以 下简称"企业内部控制规范体系"），结合山东墨龙石油机械股份有限公司（以下简 称"公司"）内部控制制度和评价办法，在内部控制日常监督和专项监督的基础上， 我们对公司截至 2023 年 12 月 31 日（内部控制评价报告基准日）的内部控制有效性 进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效 性，并如实披露内部控制评价报告是公司董事会的责任；公司监事会对董事会建立和 实施内部控制进行监督；公司经理层负责组织领导企业内部控制的日常运行。公司董 事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假记载、误 导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法律 责任。 1、治理架构 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关 信息真实完整，提高经营效率和效果，促进公司实现发展战略。由于内部控制存在的 固有局限性，故仅能为实现上 ...

Financial Performance - As of December 31, 2023, the total revenue of the group reached RMB 1,317,495,782.20, a decrease of approximately 52.36% compared to RMB 2,765,645,281.40 in the same period last year [1] - The loss attributable to equity owners amounted to RMB 566,861,510.82, an increase of approximately 33.39% from RMB 424,969,725.59 in the same period last year [1] - The loss per share was approximately RMB 0.71, up about 33.96% from a loss of RMB 0.53 per share in the previous year [1] - Total revenue for the year 2023 was RMB 1.317 billion, a decrease of 52.36% year-over-year [27] - Net loss attributable to shareholders for 2023 was RMB 567 million, compared to a net loss of RMB 448.94 million in 2022 [27] - The company reported a basic and diluted loss per share of RMB (0.71) for 2023, compared to RMB (0.53) in 2022 [17] - The total comprehensive income attributable to the parent company's owners for 2023 was RMB (567,133,930.95), down from RMB (426,327,037.05) in 2022, a decline of 33.0% [124] - The net profit for 2023 was RMB (578,534,451.16), compared to RMB (448,935,447.37) in 2022, indicating a loss increase of 28.9% [124] Dividend and Shareholder Information - The board of directors did not recommend the distribution of a final dividend for the year ended December 31, 2023 [1] - The board does not recommend the distribution of a final dividend for the year ending December 31, 2023, pending shareholder approval [64] Company Operations and Structure - The group primarily engages in the design, research and development, manufacturing, sales services, and export trade of products required for the energy equipment industry [7] - The group’s operations are divided into six reporting segments based on internal organizational structure and management requirements [8] - Management regularly evaluates the performance of these reporting segments to allocate resources and assess their performance [8] - The accounting policies and measurement standards used in the segment reporting are consistent with those used in preparing the financial statements [9] Market and Strategic Focus - The company plans to focus on market expansion and customer service, particularly in new markets and with new customers, in 2024 [31] - The company aims to optimize product and customer structure while enhancing the order volume of high-value-added products [31] - The marketing strategy for 2024 focuses on adjusting sales tactics based on market conditions, emphasizing exports and oil pipes while strengthening the general pipe segment [59] - The company aims to enhance product and customer structure, targeting major oilfield markets and improving bidding processes to boost market share and restore confidence [59] Financial Position and Liabilities - Total assets at the end of the reporting period were RMB 2.888 billion, down 28.49% year-over-year [27] - Net assets attributable to shareholders decreased by 57.08% to RMB 424 million [27] - The company has no significant liabilities at the end of the reporting period [24] - The company has approximately 1.679 billion RMB of interest-bearing liabilities due within one year, with some debts in default and creditors initiating lawsuits, leading to account freezes and asset seizures [57] - The company’s total liabilities included RMB 1,039,227,174.84 in segment liabilities [158] Cost Management and Efficiency - The company aims to enhance production management and cost control to improve profitability, focusing on reducing high-interest debt and optimizing the debt structure [74] - Employee costs, including director remuneration, decreased to CNY 193,620,108.47 from CNY 253,656,649.51, a decline of about 23.6% [104] - Inventory costs recognized as expenses dropped to CNY 1,215,719,694.55 from CNY 2,675,212,319.74, a decrease of approximately 54.5% [104] - Total operating costs for 2023 were approximately ¥1.63 billion, down from ¥3.13 billion in 2022, reflecting a reduction of 48% [123] Research and Development - Research and development costs decreased to CNY 30,578,559.41 from CNY 33,412,376.94, a decline of about 8.3% [104] - The company will continue to innovate in technology and product development, aiming to create marketable and profitable products [42][51] Risk Management and Compliance - The company is committed to strengthening internal control management and enhancing risk management to reduce operational risks [44][53] - The company acknowledges the uncertainty regarding the execution of its plans and the ability to continue as a going concern based on future operational and financing needs [75] - The company is focused on improving financing efforts to ensure capital safety and reduce financing costs through better communication with banks [52] - The company will closely monitor currency fluctuations and interest rate risks to mitigate their impact on financial performance [48] Environmental and Regulatory Compliance - The company is committed to improving environmental protection measures in response to stricter national safety and environmental regulations, which will increase operational costs [70] Asset Management and Divestitures - The company plans to divest low-efficiency subsidiaries to optimize its asset-liability structure, which is expected to enhance liquidity and improve profitability [57] - The company has entered into two sale agreements to sell 70% of Shouguang Baolong Petroleum Equipment Co., Ltd. for RMB 1 and 98.0769% of Weihai Baolong Petroleum Special Materials Co., Ltd. for RMB 141,606,708.94, with the completion of these transactions expected by March 2024 [62] Industry Outlook - The domestic oil and gas industry is expected to experience strong growth due to increased exploration and development efforts driven by national policies [29] - High oil prices and a favorable industry outlook are expected to enhance overall performance for oil companies, leading to increased business volume for oil service companies [161]

Financial Performance - Operating revenue for the reporting period was CNY 203,704,216.55, a decrease of 68.66% compared to the same period last year[1] - Net profit attributable to shareholders of the listed company was a loss of CNY 88,667,654.68, representing a 4.89% improvement year-on-year[1] - Basic and diluted earnings per share were both CNY (0.1112), an increase of 4.79% compared to the previous year[1] - Operating revenue for the first nine months of 2023 was CNY 1,002,123,231.65, a decrease of 54.88% compared to CNY 2,220,897,730.20 in the same period of 2022[22] - Operating costs for the same period were CNY 929,267,750.89, down 56.49% from CNY 2,135,736,337.65 year-on-year[22] - Total profit for the current period was (252,776,791.83), which is an improvement from (281,618,097.30) in the previous period, showing a reduction in losses by approximately 10.3%[44] - Net profit for the current period was (254,682,267.47), compared to (283,377,622.15) in the previous period, indicating an improvement of about 10.1%[44] Assets and Liabilities - Total assets decreased by 18.15% to CNY 3,305,574,889.93 from CNY 4,038,605,559.51 at the end of the previous year[9] - Total current assets as of September 30, 2023, amounted to CNY 1,068,000,643.78, down from CNY 1,648,063,045.76 at the beginning of the year[34] - Total liabilities amount to 2,648,409,531.96 CNY, a decrease of 15.4% from 3,128,252,351.27 CNY in the previous period[61] - Total equity attributable to the parent company is 742,586,010.04 CNY, down 25.0% from 987,960,842.88 CNY in the previous period[62] - The company’s total equity as of September 30, 2023, was CNY 657,165,357.97, down from CNY 910,353,208.24 at the beginning of the year[40] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 20,395,954.15, down 19.79% year-on-year[1] - The company’s cash flow from operations was reported at 803,038,653.98, a decrease from 2,109,038,730.95 in the previous period, indicating a decline of approximately 61.9%[48] - Net cash flow from financing activities was CNY (292,004,557.16), a significant increase of 519.39% compared to CNY (47,143,640.15) in the previous year, primarily due to increased debt repayment[16] - Cash inflow from financing activities totaled approximately ¥3.26 billion, a decrease of 4.4% from the previous period's ¥3.41 billion[98] - Cash outflow for debt repayment was approximately ¥3.48 billion, an increase of 9.0% compared to ¥3.19 billion in the prior period[98] Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,609, including 35,565 A-share accounts and 44 H-share accounts[27] - The top ten shareholders held a combined 62.81% of the shares, with Shouguang Molong Holdings Co., Ltd. holding the largest share at 29.53%[18] Other Income and Expenses - The company reported a total of CNY 124,442.60 in non-operating income for the reporting period, with a total of CNY 1,597,626.90 for the year-to-date[4] - Other income decreased by 82.37% to CNY 132,723.59 from CNY 752,905.98, mainly due to a reduction in subsidy income[22] - The company reported a significant increase in gains from asset disposal, which rose by 28,880.86% to CNY 325,712.98 compared to CNY 1,123.89 in the previous year[22] Impairment and Litigation - The company reported a credit impairment loss of (1,713,385.47) compared to a gain of 3,641,035.54 in the previous period, reflecting a significant negative shift[44] - The company has ongoing litigation and arbitration cases totaling 78, with a combined amount of approximately 147.95 million, accounting for 14.98% of the latest audited net assets[55]

[Important Notice, Table of Contents and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, with all directors attending the review meeting - Company board, supervisory board, and senior management guarantee the report content's truthfulness, accuracy, and completeness, assuming legal responsibility; all directors attended the board meeting reviewing this semi-annual report[41](index=41&type=chunk)[42](index=42&type=chunk) - Company head, chief accountant, and accounting department head declare the financial report in this semi-annual report is true, accurate, and complete[36](index=36&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves for the 2023 semi-annual period[38](index=38&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company and its key financial performance metrics for the reporting period [Company Profile](index=5&type=section&id=I.%20Company%20Profile) Shandong Molong Petroleum Machinery Company Limited is a dual-listed company on the Shenzhen Stock Exchange (002490) and Hong Kong Stock Exchange (00568), primarily engaged in petroleum machinery business | Item | Content | | :--- | :--- | | **Company Chinese Name** | 山東墨龍石油機械股份有限公司 | | **Company English Name** | Shandong Molong Petroleum Machinery Company Limited | | **Stock Abbreviation** | Shandong Molong | | **Stock Code** | 002490 (SZSE), 00568 (HKEX) | | **Legal Representative** | Yuan Rui | [Key Accounting Data and Financial Indicators](index=6&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue significantly decreased by 49.18% year-on-year, while net loss attributable to shareholders narrowed by 8.38%; net cash flow from operating activities turned negative, decreasing by 141.77% year-on-year 2023 Half-Year Key Financial Indicators | Indicator | Current Reporting Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (Yuan)** | 798,419,015.10 | 1,570,941,941.65 | -49.18% | | **Net Profit Attributable to Listed Company Shareholders (Yuan)** | (158,242,397.13) | (172,717,715.72) | 8.38% | | **Net Cash Flow from Operating Activities (Yuan)** | (23,770,597.65) | 56,906,850.11 | -141.77% | | **Basic Earnings Per Share (Yuan/share)** | (0.1983) | (0.2165) | 8.41% | | **Weighted Average Return on Net Assets** | (17.42%) | (13.02%) | –4.40% | | **Total Assets (Yuan)** | 3,721,541,449.42 | 4,038,605,559.51 | -7.85% (vs. end of prior year) | | **Net Assets Attributable to Listed Company Shareholders (Yuan)** | 829,910,098.20 | 987,960,842.88 | -16.00% (vs. end of prior year) | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) The company's non-recurring gains and losses totaled 1.47 million Yuan during the reporting period, primarily from non-repayable accounts payable, partially offset by asset disposal losses Non-recurring Gains and Losses Items | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Losses from disposal of non-current assets | (131,293.77) | Primarily losses from disposal and scrapping of certain company assets | | Government grants included in current profit/loss | 132,723.59 | Primarily cross-border e-commerce subsidies and individual income tax withholding fee refunds received in the current period | | Other non-operating income and expenses | 1,759,208.98 | Primarily non-repayable accounts payable transferred in the current period | | **Total** | **1,473,184.30** | - | [Management Discussion and Analysis](index=8&type=section&id=Item%203.%20Management%20Discussion%20and%20Analysis) This section provides a detailed analysis of the company's operations, financial performance, core competencies, and risks during the reporting period [Main Business Activities During the Reporting Period](index=8&type=section&id=I.%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company primarily engages in R&D, manufacturing, and sales of energy equipment, with pipe products for oil and gas drilling accounting for nearly 90% of revenue; despite growth in oilfield-related business, overall production and sales volumes declined due to poor market conditions for general pipes and castings/forgings, leading to a loss and a decrease in total assets and net assets - The company operates on a "production based on sales" model, with pipe products accounting for nearly **90% of operating revenue**, and a significant increase in export sales proportion[81](index=81&type=chunk) Financial Status at Report End | Indicator | Amount (Yuan) | Change from Beginning of Year | | :--- | :--- | :--- | | **Total Assets** | 3.72 Billion | -7.85% | | **Net Assets Attributable to Listed Company Shareholders** | 830 Million | -16.00% | Operating Performance During Reporting Period | Indicator | Amount (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | | **Operating Revenue** | 798 Million | -49.18% | | **Net Profit Attributable to Listed Company Shareholders** | (158 Million) | - | [Analysis of Core Competencies](index=9&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies include leading HIsmelt technology, strong R&D, continuous new product development, strict quality management, robust market networks, and a strong brand reputation - The company possesses internationally leading **HIsmelt molten reduction metallurgy technology**, with authorized projects becoming new profit growth points[86](index=86&type=chunk) - The company operates provincial-level enterprise technology centers and a national accredited laboratory (CNAS), recognized as a high-tech enterprise[87](index=87&type=chunk) - During the reporting period, the company successfully developed new products, including special connection threaded oil casing, special pumps, and anti-corrosion sucker rods, with bulk shipments to the Middle East market[89](index=89&type=chunk) - In the first half of 2023, the company developed **4 new market regions** and **11 new clients** overseas, demonstrating strong market expansion capabilities[91](index=91&type=chunk) [Analysis of Main Business](index=11&type=section&id=III.%20Analysis%20of%20Main%20Business) Operating revenue decreased by 49.18% year-on-year due to lower sales of general pipes and castings/forgings; pipe product revenue grew 20.62% to 89.73% of total, while castings/forgings revenue plummeted 98.31%; domestic revenue fell 57.83%, but international revenue surged 156.48% with improved gross margins Operating Revenue Composition and Changes | Category | Amount in Current Reporting Period (Yuan) | Proportion | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **By Product** | | | | | Pipe Products | 716,389,280.84 | 89.73% | +20.62% | | Castings and Forgings | 14,860,414.01 | 1.86% | -98.31% | | **By Region** | | | | | Domestic Region | 635,768,739.52 | 79.63% | -57.83% | | International Region | 162,650,275.58 | 20.37% | +156.48% | Key Financial Data Year-on-Year Changes | Item | Current Reporting Period | Prior Year Period | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 798 Million Yuan | 1.57 Billion Yuan | -49.18% | Decrease in sales volume of general pipes and castings/forgings | | **Operating Cost** | 746 Million Yuan | 1.52 Billion Yuan | -50.86% | Decrease in sales volume of general pipes and castings/forgings | | **Net Cash Flow from Operating Activities** | (23.77 Million Yuan) | 56.91 Million Yuan | -141.77% | Decrease in VAT refund received compared to last year | | **Net Cash Flow from Financing Activities** | 40.21 Million Yuan | 16.62 Million Yuan | +141.92% | Decrease in repayment of matured financing | [Analysis of Non-Main Business](index=13&type=section&id=IV.%20Analysis%20of%20Non-Main%20Business) Non-main business activities negatively impacted profit, primarily due to credit impairment losses of (2.12 million Yuan) and asset impairment losses of (1.47 million Yuan) from accounts receivable and inventory, while non-operating income from non-repayable accounts payable was unsustainable Non-Main Business Gains and Losses Items | Item | Amount (Yuan) | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | | **Non-operating income** | 2,044,943.45 | Primarily non-repayable accounts payable transferred in the current period | No | | **Non-operating expenses** | 742,741.22 | Primarily losses from disposal of certain assets in the current period | No | | **Asset impairment losses** | (1,465,146.60) | Primarily inventory impairment losses recognized in the current period | No | | **Credit impairment losses** | (2,115,579.66) | Primarily impairment losses recognized on accounts receivable in the current period | No | [Analysis of Assets and Liabilities](index=14&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) As of the reporting period end, total assets were 3.72 billion Yuan, a 7.85% decrease from the beginning of the year; accounts receivable increased due to higher oilfield business volume, while inventory decreased from sales; short-term borrowings increased as a proportion of total assets; over 1 billion Yuan in assets were restricted, mainly for guarantees, frozen litigation funds, and mortgage loans - At the end of the reporting period, accounts receivable increased by **2.5 percentage points** from the beginning of the year, primarily due to increased oilfield business volume; inventory proportion decreased by **2.92 percentage points** due to sales of existing products[110](index=110&type=chunk) Restricted Asset Rights at Report End | Item | Book Value at Period End (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 433,131,291.60 | Guarantees and litigation freezes | | Notes Receivable | 7,558,071.96 | Notes pledged | | Fixed Assets | 342,981,934.52 | Mortgage loans | | Intangible Assets | 195,998,183.84 | Mortgage loans / Seizure | | Accounts Receivable | 23,004,870.47 | Factoring financing | | **Total** | **1,002,674,352.39** | - | [Analysis of Investment Status](index=16&type=section&id=VI.%20Analysis%20of%20Investment%20Status) The company made a significant non-equity investment of 400 million Yuan during the reporting period, increasing capital in its wholly-owned subsidiary Shouguang Maolong through debt-to-equity conversion, with no other major non-equity, securities, or derivative investments Major Equity Investment During Reporting Period | Investee Company Name | Main Business | Investment Method | Investment Amount (Ten Thousand Yuan) | | :--- | :--- | :--- | :--- | | Shouguang Maolong | Research, production, and sales of new energy equipment materials | Capital Increase | 40,000 | - The company had no use of raised funds, no ongoing significant non-equity investments, and no securities or derivative investments during the reporting period[18](index=18&type=chunk)[127](index=127&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) [Analysis of Major Holding and Participating Companies](index=18&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Both major subsidiaries, Shouguang Baolong and Shouguang Maolong, experienced severe losses and significant revenue declines; Shouguang Baolong's revenue fell 95.60% with a loss of 24.05 million Yuan, while Shouguang Maolong's revenue dropped 93.83% with a loss of 72.48 million Yuan due to reduced demand and high raw material prices Major Subsidiary Operating Performance (Unit: Yuan) | Company Name | Operating Revenue | Operating Revenue Year-on-Year Change | Net Profit | | :--- | :--- | :--- | :--- | | **Shouguang Baolong** | 16,769,187.92 | -95.60% | (24,054,167.99) | | **Shouguang Maolong** | 59,130,557.05 | -93.83% | (72,477,719.93) | [Risks Faced by the Company and Countermeasures](index=19&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces market, raw material price, policy, exchange rate, and interest rate risks, stemming from energy industry cycles, cost pressures, tightening environmental regulations, and macroeconomic financial changes, which it addresses through product structure adjustments, price locking, increased environmental investment, and financial market monitoring - The company faces risks including: - **Market risk**: Energy industry prosperity and oil price fluctuations directly impact company operations - **Raw material price fluctuation risk**: Directly affects product manufacturing costs - **Policy risk**: Increasingly stringent safety and environmental policies may increase environmental compliance costs - **Exchange rate risk**: RMB exchange rate changes affect operating performance - **Interest rate risk**: Market interest rate changes affect the fair value or future cash flows of financial instruments[23](index=23&type=chunk)[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) [Disclosures Under HKEX Listing Rules](index=19&type=section&id=XI.%20Disclosures%20Under%20HKEX%20Listing%20Rules) As per HKEX rules, the company's total operating revenue for H1 2023 was 798.42 million Yuan (down year-on-year), with a net loss of 163.93 million Yuan (narrowed from prior year); total assets were 3.72 billion Yuan, total liabilities 2.97 billion Yuan, and a debt-to-asset ratio of approximately 79.94%; no interim dividend was recommended, and the company complied with corporate governance code Financial Summary (RMB Thousand Yuan) | Item | 2023 Half-Year | 2022 Half-Year | | :--- | :--- | :--- | | **Total Operating Revenue** | 798,419 | 1,570,942 | | **Net Loss** | (163,934) | (183,171) | | **Total Assets** | 3,721,541 | 5,047,428 | | **Total Liabilities** | 2,974,997 | 3,871,015 | - As of June 30, 2023, the Group's asset-liability ratio was approximately **79.94%**, an increase from **77.46%** at the end of 2022[168](index=168&type=chunk) - The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2023[179](index=179&type=chunk) - The company has fully adopted all code provisions of the HKEX Corporate Governance Code, with no deviations during the reporting period[147](index=147&type=chunk)[155](index=155&type=chunk) [Corporate Governance](index=27&type=section&id=Item%204.%20Corporate%20Governance) This section details changes in the company's board, supervisory board, and senior management, as well as profit distribution plans [Changes in Directors, Supervisors, and Senior Management](index=27&type=section&id=II.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, significant personnel changes occurred, with former Chairman Yang Yunlong and Director Liu Jilu resigning for personal work arrangements, and Mr. Yuan Rui elected as the new Chairman, alongside Mr. Zhao Xiaotong and Ms. Zhang Min as new directors Senior Management Changes | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Yang Yunlong | Chairman, Director | Resigned | February 24, 2023 | Resigned due to personal work arrangements | | Yuan Rui | Chairman | Elected | February 24, 2023 | Elected by the Board of Directors | | Liu Jilu | Director | Resigned | April 7, 2023 | Resigned due to personal work arrangements | | Zhao Xiaotong | Director | Elected | May 19, 2023 | Elected by the Shareholders' Meeting and Board of Directors | | Zhang Min | Director | Elected | May 19, 2023 | Elected by the Shareholders' Meeting and Board of Directors | [Profit Distribution and Capital Reserve Conversion to Share Capital in the Reporting Period](index=28&type=section&id=III.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20in%20the%20Reporting%20Period) The company plans no profit distribution for the 2023 semi-annual period, meaning no cash dividends, bonus shares, or capital increase from capital reserves - The company plans no cash dividends, bonus shares, or capital increase from capital reserves for the semi-annual period[192](index=192&type=chunk) [Environmental and Social Responsibility](index=29&type=section&id=Item%205.%20Environmental%20and%20Social%20Responsibility) This section outlines the company's environmental protection efforts as a key polluter and its commitment to social responsibility, including employee welfare and community engagement [Significant Environmental Issues](index=29&type=section&id=I.%20Significant%20Environmental%20Issues) The company and its subsidiaries are key polluting units, strictly adhering to environmental policies, investing 1.65 million Yuan in environmental governance, paying 19,600 Yuan in environmental taxes, maintaining comprehensive wastewater and exhaust gas treatment facilities, and having emergency plans, with no administrative penalties for environmental issues during the period - The company and its subsidiaries are designated as **key polluting units** and hold valid pollutant discharge permits[196](index=196&type=chunk)[197](index=197&type=chunk) Environmental Investment and Taxes During Reporting Period | Item | Amount (Ten Thousand Yuan) | | :--- | :--- | | Environmental Governance and Protection Investment | 164.73 | | Environmental Protection Tax Paid | 1.96 | - During the reporting period, the company received no administrative penalties for environmental issues[4](index=4&type=chunk) [Social Responsibility](index=32&type=section&id=II.%20Social%20Responsibility) The company fulfills its social responsibilities by improving governance, safeguarding shareholder rights, caring for employees, and actively participating in public welfare, including providing 52,000 Yuan in aid to employees and organizing blood donation drives - The company protects shareholder rights by establishing a sound governance structure and internal control system, and by holding general meetings with a combination of on-site and online voting[8](index=8&type=chunk) - The company values employee rights, provides social insurance, and established a hardship assistance fund, distributing **52,000 Yuan** in 2023[9](index=9&type=chunk) - In 2023, the company organized **1 voluntary blood donation** public welfare activity, actively participating in social welfare undertakings[118](index=118&type=chunk) [Significant Matters](index=33&type=section&id=Item%206.%20Significant%20Matters) This section covers commitments, significant related party transactions, major contracts, and important matters concerning company subsidiaries [Commitments](index=33&type=section&id=I.%20Commitments) During the reporting period, there were no unfulfilled or overdue commitments from the actual controller, shareholders, related parties, acquirers, or the company - The company had no significant commitments requiring disclosure during the reporting period[14](index=14&type=chunk) [Significant Related Party Transactions](index=34&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) No significant related party transactions related to daily operations occurred, but there were related party debt and credit transactions; the company received interest-free financial assistance from Shouguang Jinxin, the controlling shareholder's controlling shareholder, with an outstanding balance of 80 million Yuan at period-end - The company had no related party transactions related to daily operations, nor related party transactions involving asset or equity acquisitions/disposals during the reporting period[371](index=371&type=chunk)[372](index=372&type=chunk) Related Party Debt and Credit Transactions | Related Party | Relationship | Reason for Formation | Beginning Balance (Ten Thousand Yuan) | New Additions in Current Period (Ten Thousand Yuan) | Repayments in Current Period (Ten Thousand Yuan) | Ending Balance (Ten Thousand Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shouguang Jinxin | Controlling shareholder's controlling shareholder | Financial assistance | 0 | 23,700 | 15,700 | 8,000 | - The company accepted interest-free loans of up to **500 million Yuan** from related party Shouguang Jinxin, with a term not exceeding 1 year[399](index=399&type=chunk) [Significant Contracts and Their Performance](index=36&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company had no trusteeship or contracting arrangements; it engaged in two sale-and-leaseback financing lease transactions for up to 60 million Yuan and 85 million Yuan respectively, and newly leased an office building for business operations - The company engaged in sale-and-leaseback transactions with Changjiang United Financial Leasing Co., Ltd. and Zhejiang Zhongda Yuantong Financial Leasing Co., Ltd., using some production equipment as collateral for financing[390](index=390&type=chunk)[401](index=401&type=chunk) [Significant Matters Concerning Company Subsidiaries](index=38&type=section&id=XIV.%20Significant%20Matters%20Concerning%20Company%20Subsidiaries) During the reporting period, the company significantly increased capital in its wholly-owned subsidiary Shouguang Maolong by 400 million Yuan through debt-to-equity conversion, with the relevant industrial and commercial changes completed on May 22, 2023 - The company increased capital in its wholly-owned subsidiary Shouguang Maolong by **400 million Yuan** through debt-to-equity conversion[419](index=419&type=chunk) [Share Changes and Shareholder Information](index=39&type=section&id=Item%207.%20Share%20Changes%20and%20Shareholder%20Information) This section details the company's share capital structure and major shareholder information as of the reporting period end [Share Change Information](index=39&type=section&id=I.%20Share%20Change%20Information) As of the reporting period end, the company's total share capital was 797,848,400 shares, with unrestricted shares accounting for 99.99% and restricted shares for 0.01%; no changes occurred in total share capital or structure during the period Share Structure | Share Type | Quantity (Shares) | Proportion | | :--- | :--- | :--- | | **I. Restricted Shares** | 104,625 | 0.01% | | **II. Unrestricted Shares** | 797,743,775 | 99.99% | | Of which: RMB Ordinary Shares | 541,617,375 | 67.88% | | Overseas Listed Foreign Shares | 256,126,400 | 32.10% | | **III. Total Shares** | **797,848,400** | **100.00%** | [Number of Shareholders and Shareholding Information](index=41&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Information) As of the reporting period end, the company had 39,651 common shareholders; the top three were Shouguang Molong Holding Co., Ltd. (29.53%), HKSCC Nominees Limited (13.19%), and Shandong Zhimeng Holding Co., Ltd. (8.23%), with some shareholders having concerted action relationships - At the end of the reporting period, the total number of common shareholders was **39,651**, comprising **39,609 A-share** holders and **42 H-share** holders[412](index=412&type=chunk) - Shareholders Shandong Zhimeng Holding Co., Ltd., Shouguang Hongsen Logistics Co., Ltd., Shouguang Panjin Real Estate Co., Ltd., and Shouguang Ruisen New Building Materials Co., Ltd. are parties acting in concert[413](index=413&type=chunk)[425](index=425&type=chunk) [Information on Preferred Shares](index=44&type=section&id=Item%208.%20Information%20on%20Preferred%20Shares) This section confirms the absence of preferred shares during the reporting period [Preferred Shares](index=44&type=section&id=8.1%20Preferred%20Shares) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[455](index=455&type=chunk) [Information on Bonds](index=45&type=section&id=Item%209.%20Information%20on%20Bonds) This section confirms the absence of bond-related situations during the reporting period [Bonds](index=45&type=section&id=9.1%20Bonds) The company had no bond-related situations during the reporting period - The company had no bond-related matters during the reporting period[434](index=434&type=chunk) [Financial Report](index=46&type=section&id=Item%2010.%20Financial%20Report) This section presents the company's unaudited semi-annual financial statements, including the consolidated balance sheet, income statement, and cash flow statement, along with detailed notes and risk disclosures [Financial Statements](index=46&type=section&id=II.%20Financial%20Statements) The company's 2023 semi-annual financial report is unaudited; the consolidated balance sheet as of June 30, 2023, shows total assets of 3.72 billion Yuan, total liabilities of 2.97 billion Yuan, and equity attributable to parent company owners of 830 million Yuan; the consolidated income statement shows operating revenue of 798 million Yuan and a net loss of 164 million Yuan (158 million Yuan attributable to parent company) for the half-year; the consolidated cash flow statement shows net cash flow from operating activities of (23.77 million Yuan) - The company's semi-annual financial report is unaudited[435](index=435&type=chunk) Key Data from Consolidated Balance Sheet (June 30, 2023) | Item | Amount (Yuan) | | :--- | :--- | | **Total Current Assets** | 1,428,910,478.13 | | **Total Non-current Assets** | 2,292,630,971.29 | | **Total Assets** | 3,721,541,449.42 | | **Total Current Liabilities** | 2,844,140,833.18 | | **Total Non-current Liabilities** | 130,856,348.80 | | **Total Liabilities** | 2,974,997,181.98 | | **Total Equity Attributable to Parent Company Owners** | 829,910,098.20 | | **Total Owners' Equity** | 746,544,267.44 | Key Data from Consolidated Income Statement (2023 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | **Total Operating Revenue** | 798,419,015.10 | | **Total Operating Costs** | 959,074,308.28 | | **Operating Profit** | (163,777,582.87) | | **Total Profit** | (162,475,380.64) | | **Net Profit** | (163,933,635.03) | | **Net Profit Attributable to Parent Company Shareholders** | (158,242,397.13) | Key Data from Consolidated Cash Flow Statement (2023 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | **Net Cash Flow from Operating Activities** | (23,770,597.65) | | **Net Cash Flow from Investing Activities** | (4,053,463.91) | | **Net Cash Flow from Financing Activities** | 40,211,252.36 | | **Net Increase in Cash and Cash Equivalents** | 14,160,456.10 | [Notes to Consolidated Financial Statements](index=95&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statements) Financial statement notes detail account compositions and changes; 433.13 million Yuan of monetary funds were restricted at period-end; accounts receivable and notes receivable had impairment provisions based on expected credit loss model; inventory had a book value of 509 million Yuan with 18.61 million Yuan in impairment; short-term borrowings of 2.06 billion Yuan were the main liability; government grants related to assets were recognized, and impairment provisions were made for subsidiary investments - As of the period end, the company's monetary funds totaled **454 million Yuan**, of which **433.13 million Yuan** were restricted due to guarantees, litigation freezes, and other reasons[800](index=800&type=chunk)[801](index=801&type=chunk) - Accounts receivable had a book balance of **470 million Yuan** at period-end, with **105 million Yuan** in bad debt provisions, resulting in a book value of **364 million Yuan**[807](index=807&type=chunk) - Inventory had a book value of **509 million Yuan** at period-end, with raw materials being the largest component, and **18.61 million Yuan** in inventory impairment provisions recognized[847](index=847&type=chunk)[242](index=242&type=chunk) - Short-term borrowings at period-end amounted to **2.06 billion Yuan**, an increase from the beginning of the period, representing the company's most significant liability item[864](index=864&type=chunk) [Risks Related to Financial Instruments](index=139&type=section&id=X.%20Risks%20Related%20to%20Financial%20Instruments) The company faces market risks (exchange rate, interest rate, price), credit risk, and liquidity risk, managed by adjusting sales policies, maintaining appropriate fixed/floating rate borrowing ratios, monitoring customer credit, and ensuring sufficient bank credit lines; sensitivity analysis shows a 5% RMB appreciation would increase net profit by 5.04 million Yuan, while a 1% interest rate rise would decrease net profit by 1.41 million Yuan - The company's exchange rate risk primarily relates to **USD, HKD, and EUR**, managed by favorable settlement terms in contracts and adjusting sales policies[1021](index=1021&type=chunk) - The company's interest rate risk stems from financial institution borrowings, managed by maintaining an appropriate proportion of fixed and floating rate contracts; at period-end, floating rate borrowings were **445 million Yuan**, and fixed rate borrowings were **1.70 billion Yuan**[929](index=929&type=chunk) - The company manages liquidity risk by ensuring sufficient cash flow; at period-end, unused financial institution credit lines totaled **459 million Yuan**[1028](index=1028&type=chunk) [Related Parties and Related Party Transactions](index=143&type=section&id=XII.%20Related%20Parties%20and%20Related%20Party%20Transactions) The company's ultimate controlling party is Shouguang State-owned Assets Supervision and Administration Bureau; related party transactions primarily involved intercompany loans and guarantees, with Shouguang Jinxin providing interest-free financial assistance (80 million Yuan outstanding) and guarantees for financing lease, and the company providing mortgage guarantees for Shouguang Maolong's financial services - The company's controlling shareholder is Shouguang Molong Holding Co., Ltd., and the actual controller is **Shouguang State-owned Assets Supervision and Administration Bureau**[1051](index=1051&type=chunk) - Related party Shouguang Jinxin provided interest-free loans of up to **500 million Yuan** to the company, with multiple borrowings during the reporting period and an outstanding balance of **80 million Yuan** at period-end[967](index=967&type=chunk)[1105](index=1105&type=chunk) - Related party Shouguang Jinxin provided a joint liability guarantee for the company's **60 million Yuan** financing lease; concurrently, the company provided a mortgage guarantee for its subsidiary Shouguang Maolong's financial services of up to **200 million Yuan**[1059](index=1059&type=chunk)[1060](index=1060&type=chunk)

Financial Performance - For the six months ended June 30, 2023, the group's revenue was RMB 798.42 million, a decrease of approximately 49.18% compared to the same period last year[13]. - The net loss attributable to equity holders was RMB -158.24 million, compared to a net loss of RMB -172.72 million in the same period last year[13]. - Earnings per share were approximately RMB -0.1983, compared to RMB -0.2165 in the same period last year[13]. - The company reported a net loss of approximately $163.93 million for the six months ended June 30, 2023, compared to a profit of $2.06 million in the same period last year[32]. - The total comprehensive loss for the period was approximately $164.60 million[32]. - The company reported a total profit of RMB -16.25 million for the first half of 2023, down from a profit of RMB 18.11 million in the same period last year[76]. Dividends and Shareholder Returns - The board recommended not to declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[8]. - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[71]. Assets and Liabilities - Total assets as of June 30, 2023, were approximately $3.72 billion[32]. - As of June 30, 2023, the company's current liabilities totaled approximately 2.84 billion, a significant increase from 87.33 million in the previous year[34]. - Total liabilities amounted to approximately 2.97 billion, a substantial increase from 155.26 million in the previous year[34]. - Shareholders' equity as of June 30, 2023, was approximately -83.37 million, compared to 746.54 million as of December 31, 2022[34]. - The company reported cash and cash equivalents of RMB 453,841,221.77 as of June 30, 2023[94]. - The total assets of the company as of June 30, 2023, were RMB 3,721,541,449.42, up from RMB 2,390,542,513.75[94]. Operational Highlights - The company operates five reportable segments, including pipe products, castings, three-extraction equipment, and petroleum machinery components[40]. - The company operates a "sales-driven production" model, aligning production with market demand and customer orders[88]. - The company has established a dedicated sales and export team responsible for market research, product sales, and after-sales service[88]. Research and Development - Research and development expenses amounted to approximately $15.51 million, down from $136.19 million year-over-year[32]. - Research and development expenses for the first half of 2023 were RMB 4,569,208.80, down from RMB 26,108,899.14 in the previous year[94]. Governance and Compliance - The company has adopted corporate governance principles emphasizing a high-quality board and transparency[3]. - The audit committee held three meetings during the six months ended June 30, 2023, to discuss accounting standards and internal controls[4]. - The company has not changed its accounting policies for the preparation of financial statements during the reporting period[38]. Market Outlook - The global economy is slowly recovering, with improved market expectations in China, which may positively impact future performance[79]. - The energy equipment industry, including oil and gas, is expected to see continued growth driven by global economic growth, oil and gas price trends, and carbon neutrality policies[89]. - Future outlook includes a focus on expanding product lines and enhancing market presence, with a total revenue target of approximately 798.42 million for the upcoming period[1]. Financial Management - The company has no significant future investment or capital asset plans as of June 30, 2023[1]. - The company does not currently have a foreign currency hedging policy but anticipates no significant currency risk in the near future[2]. - The company has not made any significant investments during the reporting period[80]. - The company has no major acquisitions or disposals planned for the future[81]. - The company has a centralized procurement model to ensure quality and establish long-term strategic partnerships with suppliers[88].

山东墨龙石油机械股份有限公司（以下简称"公司"）根据《深圳证券交易所股 票上市规则》有关规定，对公司及控股子公司连续十二个月内累计诉讼、仲裁事项进 行了统计，现将有关统计情况公告如下： 一、累计诉讼、仲裁事项的基本情况 根据《深圳证券交易所股票上市规则》有关规定，上市公司连续十二个月内发生 的诉讼、仲裁事项应当采取累计计算的原则，公司累计诉讼、仲裁事项已达到披露标 准。 截至本公告披露日，公司及控股子公司连续十二个月内累计诉讼、仲裁案件共计 78 件，合计涉案金额约为人民币 14,794.86 万元，占公司最近一期经审计净资产绝对 值的 14.98%。其中，公司及控股子公司作为原告或申请人涉及的案件共 4 件，合计金 额约为人民币 5,354.42 万元；公司及控股子公司作为被告或被申请人涉及的案件共 74 件，合计金额约为人民币 9,440.44 万元。 截至本公告披露日，公司及控股子公司不存在单项涉案金额占公司最近一期经审 计净资产绝对值 10%以上，且绝对金额超过人民币 1,000 万元的重大诉讼、仲裁事项。 证券代码：002490 证券简称：山东墨龙 公告编号：2023-034 山东墨龙石油机械股份有 ...

Financial Performance - The company's operating revenue for the first quarter was ¥408,037,331.85, a decrease of 27.25% compared to ¥560,910,297.59 in the same period last year[6] - The net loss attributable to shareholders for the first quarter was ¥87,097,310.59, representing a 29.40% increase in loss compared to ¥67,308,447.89 in the previous year[6] - The basic and diluted loss per share for the first quarter was ¥0.1092, which is a 29.38% increase in loss compared to ¥0.0844 in the same period last year[6] - Net profit for the period was (89,259,022.14), compared to (70,783,709.89) in the previous period, indicating a loss increase of 26.1%[44] - The total comprehensive income attributable to the parent company for the current period is (89,020,844.16) compared to (70,713,267.46) in the previous period, reflecting a significant increase[53] Cash Flow - The net cash flow from operating activities improved significantly to ¥34,975,015.23, a 143.89% increase from a negative cash flow of ¥79,690,821.17 in the same period last year[6] - Cash inflows from operating activities totaled 493,815,494.23, down from 588,268,249.45 in the previous period, showing a decline of approximately 16.0%[55] - Cash outflows from operating activities decreased to 458,840,479.00 from 667,959,070.62, resulting in a net cash flow from operating activities of 34,975,015.23, a turnaround from (79,690,821.17) in the previous period[63][64] - The net cash flow from financing activities saw a drastic decline of 696.46%, from $(20,818,987.33) in Q1 2022 to $(165,815,321.89) in Q1 2023, primarily due to increased debt repayments[18] - The cash and cash equivalents at the end of the period amounted to 220,448,909.59, down from 308,774,884.48 in the previous period, indicating a decrease of approximately 28.5%[79] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,977,502,521.86, a decrease of 1.51% from ¥4,038,605,559.51 at the end of the previous year[6] - Total liabilities at the end of the period were 3,156,108,130.01, slightly up from 3,128,252,351.27 at the beginning of the year, representing a 0.9% increase[37] - Current liabilities totaled 3,018,956,949.33, an increase of 1.5% from 2,972,995,413.88 at the beginning of the year[35] - Non-current liabilities decreased to 137,151,180.68 from 155,256,937.39, a reduction of 11.7%[37] - The total equity attributable to the parent company was 901,139,920.26, down from 987,960,842.88, reflecting a decrease of 8.7%[39] Operational Metrics - The company reported a significant increase in accounts receivable financing by 112.06%, rising to ¥11,391,581.42 from ¥5,371,855.71[13] - The company experienced a 629.01% increase in construction in progress, amounting to ¥2,179,539.60, compared to ¥298,971.19 in the previous year[13] - The company reported a 42.76% decrease in asset impairment losses, amounting to ¥(1,382,196.59) compared to ¥(2,414,929.00) in the previous year[15] - The company reported a significant increase in other comprehensive income after tax attributable to the parent company, rising to 214,360.20 from 63,398.20 in the previous period[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,510, with 40,467 being A-share holders and 43 being H-share holders[19] - The largest shareholder, Shouguang Molong Holdings Co., Ltd., holds 29.53% of the shares, amounting to 235,617,000 shares[20]

| --- | --- | --- | --- | --- | --- | |-----------------------|------------|----------------|-----------------------------|------------|------------| | | 2022 年 | 截至 \n2021 年 | 12 月 31 日止年度 \n2020 年 | 2019 年 | 2018 年 | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | 人民幣千元 | 人民幣千元 | | 營業總收入 | 2,765,645 | 3,734,463 | 3,009,719 | 4,388,904 | 4,452,015 | | 營業（虧損）╱利潤 | (441,513) | (361,115) | 38,175 | (189,049) | 69,123 | | （虧損）╱利潤總額 | (446,042) | (362,057) | 17,529 | (215,227) | 61,163 | | 淨利潤╱（虧損） | (448,935) | (368,420) | 11,455 ...

证券代码：002490 股票简称：山东墨龙 山东墨龙石油机械股份有限公司 投资者关系活动记录表 编号：2023-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 通过登陆深圳证券交易所"互动易"平台参与说明会的投资者 | | 时间 | 2023 年 4 月 20 日 15:30--17:00 | | 地点 | 深圳证券交易所"互动易"平台（http://irmcninfo.com.cn）"云 | | | 访谈"栏目 | | | 总经理 李志信先生 | | 上市公司接待 | 独立董事 唐庆斌先生 | | 人员姓名 | 副总经理兼财务总监 郝云峰先生 | | | 副总经理兼董事会秘书 赵晓潼先生 | | 投资者关系活动 | 公司于 年 月 2023 4 20 日（星期四）15:30--17:00 在深圳 | | 主要内容介绍 | 证券交易所"互动易"平台(http://irmcninf ...

证券代码：002490 证券简称：山东墨龙 公告编号：2023-021 山东墨龙石油机械股份有限公司 关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、 误导性陈述或者重大遗漏。 山东墨龙石油机械股份有限公司（以下简称"公司"）2022 年年度报告及摘要 已于 2023 年 4 月 1 日在指定媒体披露，为使投资者进一步了解公司 2022 年度的发 展战略、经营情况及财务状况，公司将于 2023 年 4 月 20 日（星期四）15:30-17:00 举办 2022 年度业绩说明会。本次年度业绩说明会将采用网络远程方式举行，投资 者可登陆深圳证券交易所"互动易"平台(http://irmcninfo.com.cn)进入"云访谈"栏 目参与本次年度业绩说明会。 出席本次业绩说明会的人员有：公司总经理、独立董事、财务总监以及董事会 秘书。 为充分尊重投资者、提升交流的针对性，增加投资者对公司的了解，提升公司 治理水平和企业整体价值，现就公司 2022 年度业绩说明会提前向投资者公开征集 问题，广泛听取投资者的意见和建议。投资者可在本次年度业绩说明会召开日前 ...