证券代码：002353 证券简称：杰瑞股份 公告编号：2024-076 烟台杰瑞石油服务集团股份有限公司 本合同的签署对公司 2024 年度财务状况及经营业绩不会构成重大影响。 公司将密切关注本事项后续进展，并严格按照相关规定及时履行相应审批程序及信息披 露义务，敬请广大投资者理性投资，注意投资风险。 特此公告。 2024 年 5 月 22 日，烟台杰瑞石油服务集团股份有限公司（以下简称"公司"）与 Petro Iraq for Oilfield Development Co., Ltd（伊拉克油田开发有限公司，以下简称"Petro Iraq"），统称"承包商"，就 Mansuriya Contract Area 项目（曼苏里亚合同区块项目， 以下简称"曼苏里亚项目"或"本项目"）与 Midland Oil Company of Iraq（伊拉克中部 石油公司，以下简称"MdOC"）初步签署开发生产合同，合同签署各方及合同主要内容等具 体情况详见公司披露于巨潮资讯网的 2024-043 号公告。 2024 年 10 月 31 日，公司与 Petro Iraq 就曼苏里亚项目与 MdOC 正式签署开发生产合 同 ...

那也非常荣幸受公司的委托主持此次的业绩说明会那参加我们此次交流的还有杰瑞股份的董事长李慧涛先生以及杰瑞股份总理曲宁女士那也请两位分别和大家打个招呼大家好 接下来我们就开始今天的一个业绩交流今天的交流会会分为两个部分第一部分由我和各位投资者交流三级报的一些基本情况因为会议时间有限也为了预留充足的时间和投资者做一个互动交流所以具体的数据解读我们不在此次的会上展开后续如果大家对具体的一个数据有需要的话可以在会后和我们交流 那第二部分的话会由我以及管理层和各位投资者做一个互动交流那在这儿的话也做一下说明因为我现在呢是在外面出差没有在公司里所以呢就是整个的一个答疑的过程呢由我先来答疑如果我这边确实是没有办法解答到投资者的我在需要管理层回答的话我再转给董事长那因为确实我们两个不在一个会议室确实这个转的这个过程不是特别方便 那整个过程如果大家确实有对管理层面有一些问题的话我会先尝试回答如果说在除业务之外的话需要董事长再解答的我再转过去 首先的话我们就和投资者来汇报交流一下杰瑞股份2024年三季度的业绩的一个基本情况相信大家也都看到了一个三季报我们2024年1到9月份公司实现营业的总收入是80.47亿元较去年同期下降8.1% ...

证券代码：002353 证券简称：杰瑞股份 烟台杰瑞石油服务集团股份有限公司投资者关系活动记录表 编号：20241029 | --- | --- | --- | --- | --- | |---------------------|------------------------------------------------------------------|-------------------------------------------------------|-------|--------| | 投资者关系活动 类别 | \n□媒体采访 □业绩说明会 \n□新闻发布会 \n 现场参观 □其他 | 特定对象调研 □分析师会议 \n□路演活动 | | | | | | 场次一 | | | | | | | | | | | | | | | | | 序号 | 代表机构 | | 姓 名 | | | | | | | | | 1 | 正圆投资 | | 黄汉玺 | | | 2 | 财通证券 | | 佘炜超 | | | | | | | | | | 场次二 | | | | | | | | | | | 序号 | 代表机 ...

[Table_StockNameRptType] 杰瑞股份（002353） 公司点评 | --- | --- | --- | |-----------------------------------------|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资评级：增持（维持） | | 合同负债增加显著，持续看好公司发展 主要观点： | | [Table_Rank] 报告日期： 2024-10-28 | | [Table_Summary] | | 570 收盘价（元） | 34.81 | ⚫ 2024 ...

Investment Rating - The report maintains a "Buy" rating for the company [10]. Core Views - The company has shown improvement in profitability and is expected to reach a performance inflection point due to continuous breakthroughs in overseas markets [5][7]. - The company reported a revenue of 8.047 billion yuan for the first three quarters of 2024, a decrease of 8.1% year-on-year, while the net profit attributable to the parent company was 1.598 billion yuan, an increase of 2.2% year-on-year [5][6]. - The company has a sufficient backlog of orders, with a significant increase in contract liabilities, indicating positive support for future operating performance [7][8]. Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 3.09 billion yuan, a decrease of 7.38% year-on-year, and a net profit of 510 million yuan, a decrease of 2.04% year-on-year [5][6]. - The gross margin for the first three quarters of 2024 was 35.02%, an increase of 1.51 percentage points year-on-year, with Q3 gross margin at 33.71%, up 3.74 percentage points year-on-year [6]. - Operating cash flow significantly improved to 1.468 billion yuan from a negative 779 million yuan in the same period last year [6]. International Expansion - The company has made significant strides in international markets, including contracts for major projects in Iraq and Central Asia, and has successfully delivered equipment in North America [7]. - The company signed a total engineering contract for seven gas booster stations with Bahrain National Oil Company, amounting to approximately 3.16 billion USD (about 2.2 billion yuan) [7]. Market Outlook - The demand for unconventional oil and gas extraction in China is increasing, and the company, as a leading provider of fracturing equipment, is expected to benefit significantly from this trend [8]. - The projected earnings per share (EPS) for 2024-2026 are 2.65 yuan, 3.16 yuan, and 3.64 yuan, with corresponding price-to-earnings (PE) ratios of 12.7X, 10.7X, and 9.2X based on the closing price on October 25, 2024 [8].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [5][7]. Core Views - The company reported a slight decline in Q3 performance, with total revenue for the first three quarters of 2024 at 8.047 billion yuan, down 8.10% year-over-year, and a net profit attributable to shareholders of 1.598 billion yuan, up 2.21% year-over-year [5][6]. - The decline in revenue is attributed to high revenue baselines from large orders executed in the previous year and delays in equipment delivery, which significantly impact revenue recognition [6]. - The company has a robust order backlog, with a notable increase in contract liabilities, indicating strong new order acquisition and an expansion in overseas markets [6][7]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 8.047 billion yuan, with a year-over-year decrease of 8.10%. The net profit attributable to shareholders was 1.598 billion yuan, reflecting a year-over-year increase of 2.21% [5][6]. - The gross margin improved due to a better revenue mix, with a gross margin of 35.02% for the first three quarters, up 1.51 percentage points year-over-year [6]. Order and Market Expansion - The company secured a significant order worth approximately 22 billion yuan in Q3, contributing to a total contract liability of 1.495 billion yuan, which represents a 68% year-over-year increase [6][7]. - The company is actively expanding its overseas business, with a recent contract with Bahrain National Oil Company for multiple gas booster station projects valued at 3.16 billion USD [6]. Future Outlook - The company is expected to reverse the revenue decline trend in Q4, which is typically a strong quarter for revenue recognition [6]. - Profit forecasts for 2024 to 2026 are projected at 2.793 billion yuan, 3.263 billion yuan, and 3.827 billion yuan, respectively, with corresponding price-to-earnings ratios indicating a favorable valuation [7].

Investment Rating - The report maintains a "Buy" rating for the company with a target price indicating an expected return of over 20% within the next six months [4][12]. Core Views - The company demonstrated stable performance in its Q3 2024 results, with revenue of 8.047 billion yuan, a year-over-year decrease of 8.1%, and a net profit attributable to shareholders of 1.598 billion yuan, reflecting a year-over-year increase of 2.21% [1]. - The report highlights the company's improving profitability, with gross and net profit margins of 35.02% and 20.49%, respectively, both showing year-over-year increases [1]. - The company has secured significant contracts in various regions, including a major gas project in Central Asia and multiple projects in the Middle East, indicating strong order growth and market expansion [2]. - The profit forecast for 2024-2026 has been adjusted, with expected net profits of 2.7 billion, 3.23 billion, and 3.9 billion yuan, respectively, reflecting a positive outlook on the company's global development and core competitive advantages [2]. Financial Summary - For the first three quarters of 2024, the company reported a cash collection ratio of 118.8%, an increase of 29.8 percentage points year-over-year, and a net cash ratio of 89.1%, showing significant improvement compared to the previous year [1]. - The company’s total revenue for 2024 is projected to be 14.497 billion yuan, with a growth rate of 4.2% [3][8]. - The earnings per share (EPS) for 2024 is estimated at 2.64 yuan, with a price-to-earnings (P/E) ratio of 12.76 [3][8]. - The company’s total assets are expected to reach 34.337 billion yuan by 2024, with a debt-to-asset ratio of 39.95% [6][8].

[ T able_StockInfo] 2024 年 10 月 24 日 证券研究报告•2024 年三季报点评 买入 （维持） 当前价：32.10 元 杰瑞股份（002353）机械设备 目标价：——元（6 个月） 杰瑞股份 沪深300 业绩符合预期，海外市场开拓顺利 [Table_Summary 事件：公司发布] 2024年三季报，2024Q1-Q3公司实现营业收入 80.5亿元，同 比减少 8.1%；归母净利润 16.0 亿元，同比增长 2.2%。2024Q3 公司实现营业 收入 30.9亿元，同比减少 7.4%；归母净利润 5.1亿元，同比减少 2.0%。受油 气工程服务接单节奏影响，收入端短期承压。 国内外市场拓展顺利，合同负债大幅增长。海外市场快速拓展：2024年前三季 度，公司为中东子公司增资 1.2亿美元在迪拜建设高端油气装备制造基地；成功 斩获中亚战略客户重大天然气项目订单；完成北美首套电驱压裂装备交付，同 时与客户再次签订电驱压裂设备新订单；与伊拉克中部石油公司签署曼苏里亚 开发生产合同；9月 25日成功斩获巴林国家石油公司天然气项目，合同含税总 额约 22亿元。夯实国内基本盘：6月中标中石油 ...

股 票 研 究 公 司 更 新 报 告 证 券 研 究 报 告 本报告导读： 国内油服设备龙头企业，内需持续复苏，外需维持高景气，电驱压裂设备突破北美 市场，订单快速增长有望推动业绩高增。 投资要点： | --- | --- | --- | --- | --- | --- | |--------------------------------------|--------|--------|--------|--------|--------| | [Table_Finance] 财务摘要（百万元） | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入 | 11,409 | 13,912 | 14,715 | 17,097 | 19,731 | | (+/-)% | 30.0% | 21.9% | 5.8% | 16.2% | 15.4% | | 净利润（归母） | 2,245 | 2,454 | 2,700 | 3,201 | 3,692 | | (+/-)% | 41.5% | 9.3% | 10.0% | 18.5% | 15.3% | | 每股净收益（元） ...

杰瑞股份(002353) / 专用设备 / 公司点评 / 2024.10.25 合同负债大幅增长，出海业务持续突破 投资评级:增持(维持) 核心观点 | --- | --- | |------------------------|------------| | 基本数据 | 2024-10-24 | | 收盘价 ( 元 ) | 32.10 | | 流通股本 ( 亿股 ) | 6.93 | | 每股净资产 ( 元 ) | 19.66 | | 总股本 ( 亿股 ) | 10.24 | | 最近 12 月市场表现 | | -25% -14% -3% 9% 20% 31% 杰瑞股份 沪深300 上证指数 专用设备 分析师 佘炜超 SAC 证书编号：S0160522080002 shewc@ctsec.com 联系人 孙瀚栋 sunhd@ctsec.com 相关报告 1. 《与 BAPCO 签署大型天然气项目， 中东市场再突破》 2024-09-26 2. 《核心高管集体增持，彰显公司长期 价值充足信心》 2024-09-20 3. 《业绩符合预期，北美电驱压裂迎来 行业拐点》 2024-08-30 ❖ 事件：2024 ...