CAMCE(SZ:002051) Zheng Quan Shi Bao Wang·2025-10-23 15:02Core Viewpoint - 中工国际 is embarking on a "second entrepreneurship" journey, focusing on "new segmentation tracks, new market layouts, and new resource configurations" to strategically enter the oil and gas sector, aiming for high-quality development through full industry chain service capabilities [1][10]. Group 1: Strategic Decisions and Market Positioning - The decision to enter the oil and gas sector was based on a precise assessment of industry opportunities in 2020, amidst geopolitical and economic fluctuations, while global energy demand continued to grow [2]. - The oil and gas engineering sector is characterized by high specialization, large project sizes, and an increasingly optimized competitive landscape, making it a promising area for growth and value [2]. - 中工国际's flagship project in Iraq, with a contract value of approximately $1 billion, represents a significant breakthrough, achieving simultaneous planning and construction of oil and gas processing facilities [2]. Group 2: Project Execution and Achievements - 中工国际 set two industry records during the execution of the Iraq project, achieving the shortest construction period for similar projects and maintaining 18 million consecutive safe working hours [3]. - The successful execution of the Iraq project has established a solid foundation for business expansion, leading to further contracts in Iraq and other markets, contributing significantly to the company's performance growth [5]. Group 3: Competitive Advantages and Resource Integration - The rapid rise of 中工国际 in the oil and gas sector is attributed to its engineering construction capabilities and resource integration, creating a core competitive advantage that is difficult to replicate [6]. - The company implemented a "high position, low configuration" strategy for the Iraq project, assembling a specialized team of over 220 professionals, ensuring high standards of safety and quality management [6][8]. - By integrating various capabilities within the国机集团, 中工国际 has created a synergistic effect, enhancing its competitive edge in the oil and gas sector [8]. Group 4: Future Outlook and Development Strategy - As the "十四五" period concludes, 中工国际 is poised for a critical phase in its "十五五" development, focusing on high-quality and resilient growth in the oil and gas sector [9]. - The company aims to leverage its international marketing channels and engineering achievements to enhance its comprehensive competitive strength in project delivery [9][10]. - 中工国际 is expected to deepen its presence in core markets like the Middle East and Central Asia, seizing global opportunities in the oil and gas industry [9][10].