Jereh Group(SZ:002353) Huan Qiu Wang·2025-06-04 06:57Core Viewpoint - Jerry Holdings (002353.SZ) has made significant progress in its overseas strategic layout, with 45.20% of its revenue coming from international markets in 2024, particularly focusing on the Middle East as a key strategic market [3]. Group 1: Overseas Business Performance - The company operates in over 70 countries and regions, with the Middle East being its largest overseas market in terms of revenue and business scope [3]. - Jerry Holdings has established a comprehensive business chain in the Middle East, covering high-end equipment manufacturing, recycling, oil and gas engineering services, technology services, and oilfield development [3]. - The company has increased its market share in high-end equipment in the Middle East and secured significant contracts, including a $9.2 billion digital transformation project for ADNOC and a $3.16 billion gas booster station project for Bahrain National Oil [3]. Group 2: Localization and Capacity Building - The company is accelerating its localization efforts by optimizing resource allocation and is in the process of establishing a new production and office base in Dubai, UAE, to better meet customer needs [4]. - The new facility in the Jebel Ali Free Zone (Jafza) aims to leverage regional advantages to serve markets in the Middle East, North Africa, Central Asia, and Southeast Asia [4]. - Jerry Holdings has been focusing on high-tech marine engineering equipment and aims to provide customized, integrated solutions to reduce operational costs and enhance safety in marine engineering [4].