Core Viewpoint - The oil casing industry in China is experiencing growth driven by national policies and increasing demand for oil and gas exploration and production equipment, with the market size projected to reach 20.5 billion yuan by 2024, up from 19.63 billion yuan in 2017 [1][11]. Industry Overview - Oil casing is a critical component used to support oil and gas wells, ensuring the efficiency and safety of drilling operations. It is a one-time consumable material, with consumption accounting for over 70% of total oil well pipe usage [3][9]. - The classification of oil casings includes various steel grades such as J55, K55, N80, L80, C90, T95, P110, Q125, and V150, as well as different end processing forms [3][5]. Industry Chain - The upstream of the oil casing industry includes steel, anti-corrosion coatings, and sealants, with steel being the primary raw material. The midstream involves the production and processing of oil casings, while the downstream focuses on applications in the oil and gas sector [5][7]. Market Demand - The demand for oil casings, particularly high-end products, is increasing due to the growing complexity of drilling environments and deeper drilling depths. High-end oil casings currently dominate the market, accounting for over 70% of the total [13][20]. Industry Competition - The oil casing industry is capital-intensive, primarily dominated by a few large companies that leverage their technological expertise and brand influence. Notable companies include Jiangsu Changbao Steel Tube Co., Shandong Molong Petroleum Machinery Co., and Baosteel [15][16]. Key Companies - Jiangsu Changbao Steel Tube Co. specializes in high-end special pipes, with oil casings being a key product, achieving a revenue of 2.223 billion yuan in 2024, a decrease of 37.14% year-on-year [16]. - Shandong Molong Petroleum Machinery Co. focuses on energy equipment manufacturing, reporting a revenue of 1.231 billion yuan for its pipe products in 2024, an increase of 7.81% year-on-year [18]. Future Trends - The industry is expected to see sustained demand for high-quality, high-performance oil casings, particularly for deep-sea and unconventional oil and gas fields. The integration of digital and intelligent technologies will enhance operational efficiency and competitiveness [20][22].

Core Insights - The article discusses the financial performance and projections for a company, highlighting key metrics such as revenue growth, profit margins, and future earnings expectations [1]. Financial Performance - The company reported a revenue of 1015.21 billion, reflecting a growth of 5% [1]. - The profit margin is noted at 4.96%, indicating a stable profitability level [1]. - The earnings per share (EPS) for the current year is projected at 6.52, with a significant increase expected in the following year [1]. Future Projections - For 2024, the company anticipates a revenue increase to 13.56 billion, with a growth rate of 2.95% [1]. - The projected earnings for the next year show a substantial increase, with a percentage change of 92.29% [1]. - The price-to-earnings (P/E) ratio is highlighted, with a current P/E of 27, indicating market expectations for future growth [1].

Financial Performance - In 2024, the company achieved a revenue of 1.356 billion CNY, representing a growth of approximately 3% compared to the previous year [2] - The net profit attributable to shareholders was a loss of 44 million CNY, which is a 92.29% reduction in losses compared to the same period last year [2] Growth Strategies - The company is focusing on high-value special-purpose products and optimizing its product and customer structure to enhance market share [3] - Plans to explore new business models and profit growth points are in place, especially after the divestment of loss-making subsidiaries [3] Industry Outlook - The oil and gas industry is expected to see a steady increase in energy production and reserves, driven by national energy policies [4] - The overall industry performance is improving due to sustained high international oil prices, which support capital investment in oil and gas exploration [3] Product and Market Position - The company specializes in energy equipment manufacturing, including oil drilling machinery and gas transportation equipment, with a strong R&D capability in oil-specific products [5][11] - The company has established a stable customer base, primarily serving major domestic oil companies and exporting to over 50 countries [12] International Business Impact - Exports to the U.S. account for a small portion of total revenue, with foreign sales exceeding 400 million CNY, representing 30.23% of total revenue [8] - The recent U.S. tariff adjustments have not significantly impacted the company's operations [8] Future Plans - The company is considering the introduction of strategic investors to enhance competitiveness and will disclose any related developments in a timely manner [13] - There are no current plans for stock buybacks, but the company will comply with disclosure obligations if such plans arise [7]

序号股票简称PE(TTM)PE(静)市净率总市值(元)24ST墨龙-68.28-68.286.0629.84亿行业平均 60.4565.904.0257.08亿行业中值44.6043.512.7135.26亿1亿嘉和-1906.43-717.023.1472.11亿2巨能股 份-1876.04-1876.048.0220.99亿3巨轮智能-1567.43-606.017.62185.41亿4远大智能-776.38115.393.0935.79 亿5开勒股份-522.67137.254.5736.85亿6蓝英装备-387.81-350.687.9973.58亿7大宏立-331.25- 61.672.3320.48亿8永创智能-258.2860.951.7943.31亿9爱司凯-221.20-493.146.1129.76亿10上工申 贝-190.1586.852.4578.80亿11长城军工-153.43336.883.5790.09亿 来源：金融界 4月14日，ST墨龙今日收盘3.74元，上涨3.03%，最新市净率6.06，创18天以来新低，总市值29.84亿元。 截至2024年年报，共有2家机构持仓ST墨龙 ...

证券代码：002490 证券简称：ST墨龙 公告编号：2025- 020 山东墨龙石油机械股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 山东墨龙石油机械股份有限公司（以下简称"公司"或"本公司"）股票（证 券简称：ST 墨龙，证券代码：002490）连续三个交易日（2025 年 4 月 2 日、2025 年 4 月 3 日、2025 年 4 月 7 日）收盘价涨幅偏离值累计超过 12%，根据《深圳 证券交易所交易规则》的规定，属于股票交易异常波动的情况。 二、公司关注及核实情况说明 针对公司股票交易异常波动，公司董事会通过问询等方式，对公司控股股东、 实际控制人就相关问题进行了核实，现将有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 1、经自查，公司不存在违反信息公平披露的情形； 2、致同会计师事务所（特殊普通合伙）对公司 2024 年度财务报告进行了审 计，出具了标准的无保留意见审计报告，并出具了致同专字（2025）第 371A004042 号《关于山东墨龙石油机械股 ...

大事提醒 2025年3月28日，2024财年年报归属股东应占溢利-4370万人民币，同比增长92.29%，基本每股收益-0.05 人民币 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源：金融界 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，石油及天然气行业市盈率（TTM）平均值为34.14倍，行业中值5.08倍。山东墨龙市盈 率-20.12倍，行业排名第30位；其他珠江钢管（01938.HK）为0.88倍、海隆控股（01623.HK）为2.72 倍、CGII HLDGS（01940.HK）为4.1倍、中信资源（01205.HK）为5.08倍、交运燃气（01407.HK）为 5.09倍。 资料显示，山东墨龙石油机械股份有限公司是一家专业的能源装备制造与服务商,致力于为能源装备工 业提供优良的产品及服务。 公司于1987年进入石油机械制造行业,以矢志成为国际知名石油机械制造与 服务商为企业目标,持续进行技术改造、新产品开发、产能提升和产业链延伸,已形成了从冶炼、铸锻、 钢管热轧、钢管冷拔、热处理、表面处理、机械加工、检验、检测和试验以及油田服务等完整的 ...

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].

山东墨龙石油机械股份有限公司 2025 年度董事、监事及高级管理人员薪酬方案 根据《公司章程》《薪酬与考核委员会工作细则》等相关制度规定，结合公 司经营发展等实际情况，参照行业、地区薪酬水平，公司人力资源部制定 2025 年度董事、监事及高级管理人员的薪酬方案，具体如下： 一、本方案使用对象：在公司领取薪酬的董事、监事及高级管理人员 二、本方案使用期限：2025 年 1 月 1 日—2025 年 12 月 31 日 三、薪酬标准： 1、公司董事薪酬方案 （1）公司董事在公司担任管理职务者，按照所担任的管理职务领取薪酬， 不再单独领取董事津贴； （2）公司独立董事津贴为 12 万元/年（税前）； （3）公司非执行董事津贴为 8 万元/年（税前）。 2、公司监事薪酬方案 （1）公司职工监事薪酬按其在公司担任实际工作岗位领取薪酬外，不再单 独领取监事津贴； （2）公司外部监事津贴为 8 万元/年（税前）。 3、公司高级管理人员薪酬方案 公司高级管理人员根据其在公司担任的具体管理职务，按公司相关薪酬规定 领取薪金。 四、其他规定 1、在公司担任管理职务的董事、监事及高级管理人员薪金按月发放；未担 任管理职务的董事、监 ...

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证券代码：002490 证券简称：ST墨龙 公告编号：2025-019 山东墨龙石油机械股份有限公司 关于举行2024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信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 山东墨龙石油机械股份有限公司（以下简称"公司"）2024 年年度报告及 摘要已于 2025 年 3 月 29 日在指定媒体披露，为使投资者进一步了解公司 2024 年度的发展战略、经营情况及财务状况，公司将于 2025 年 4 月 18 日（星期五） 15:30-17:00 举办 2024 年度网上业绩说明会。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://irm.cninfo.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（具体参会人员以当天实际出席人员为准）。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 2024 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 ...