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]

ST墨龙（002490）公告，公司及相关责任人员收到山东证监局警示函。因公司2024年度业绩预告与实 际净利润存在重大差异，违反了信息披露管理办法。警示函要求公司及相关责任人加强法规学习，提高 信息披露质量，并在30日内提交书面报告。公司及相关责任人将严格整改，按时报送报告，并加强相关 法规学习，提高规范运作水平和信息披露质量。 ...

关于公司及相关责任人员收到山东证监局警示函的公告 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"）于近日收到中国证券 监督管理委员会山东监管局（以下简称"山东证监局"）出具的《关于对山东墨 龙石油机械股份有限公司及相关责任人员采取出具警示函措施的决定》（〔2025〕 19号）（以下简称"《警示函》"），现将有关情况公告如下： 证券代码：002490 证券简称：ST墨龙 公告编号：2025-021 山东墨龙石油机械股份有限公司 二、相关情况说明 公司及相关责任人高度重视警示函所指出的问题，将严格按照山东证监局的 要求，及时报送书面报告，深刻反思并认真吸取教训，切实加强对《上市公司信 息披露管理办法》等相关法律法规、规范性文件的学习，提高公司规范运作水平 和信息披露质量，维护公司及全体股东的利益，促进公司健康、稳定、持续发展。 本次收到《警示函》不会影响公司正常的生产经营，公司将严格按照相关监 管要求和有关法律法规的规定履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 一、警示函内容 "山东墨龙石油机械股份 ...

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 ...