Core Viewpoint - Despite the fluctuating decline in international oil prices in the first half of the year, oil service companies have reported positive performance, with both revenue and net profit showing upward trends [1][2]. Group 1: Company Performance - Jereh Group (002353.SZ) achieved a revenue of 6.9 billion yuan, a year-on-year increase of 39.21%, and a net profit of 1.241 billion yuan, up 14.04% [2]. - DeStone Group (301158.SZ) reported a revenue of 277 million yuan, a 26.60% increase, and a net profit of 45.17 million yuan, up 29.24% [2]. - Shandong Molong (002490.SZ) forecasted a non-recurring net profit of 0 to 3 million yuan, representing a growth of 100.00% to 102.61% compared to the previous year [3]. Group 2: Market Dynamics - The increase in performance is attributed to a rise in capital expenditures by oil and gas companies, driven by a favorable market environment and higher oil prices [1][4]. - Jereh Group secured new orders worth 9.881 billion yuan, a year-on-year increase of 37.65%, with total orders reaching 12.386 billion yuan, up 34.76% [3]. - DeStone Group noted significant collaborations with major domestic oil companies, enhancing its market share in various regions [3]. Group 3: Profit Margins - Despite revenue growth, the gross profit margins for oil service companies are declining, with Jereh Group's overall gross margin down by 3.46% and high-end equipment manufacturing margin down by 5.25% [3]. - DeStone Group's tool product margin decreased by 1.90%, and rental and maintenance margin fell by 2.02% [3]. Group 4: Industry Context - The oil service industry heavily relies on capital expenditures from major oil companies, with the "Seven-Year Action Plan" emphasizing increased oil and gas exploration and development [4][5]. - The plan aims to boost domestic oil production from 189 million tons in 2018 to 213 million tons by 2024, significantly impacting oil service companies' performance [5]. - International oil prices, while experiencing a downward trend, remain at historically high levels, influencing capital expenditures and overall industry health [6].

Group 1 - The 2025 Xinjiang International Petroleum and Chemical Technology Equipment Exhibition (cippe Xinjiang Oil Exhibition) will be held from July 18-20 at the Xinjiang International Convention and Exhibition Center, highlighting Xinjiang's growing importance in the national energy security strategy and the Belt and Road Initiative [1] - The exhibition aims to create an efficient platform for technology exchange, product display, trade cooperation, and information sharing, serving the entire oil and gas industry chain in Xinjiang and the Northwest region [1] - Nearly 500 industry enterprises from around the world will showcase advanced technologies and equipment, with over 15,000 professional audience pre-registered online, indicating strong demand and business opportunities [1][2] Group 2 - The organizing committee has utilized various platforms for extensive promotion, including new media, industry media, and direct outreach methods to invite professional audiences and gather procurement needs [2] - The exhibition will focus on 14 major industry sectors, including oil and petrochemicals, natural gas, oil and gas pipelines, and digital oil and gas, aiming to enhance the competitiveness of the oil and gas industry in Xinjiang [9] Group 3 - The total exhibition area will reach 40,000 square meters, with participation from over 500 domestic and international companies, emphasizing industry development trends and innovation [13] - Concurrent events will include forums and supply-demand matchmaking sessions, inviting government leaders, experts, and industry representatives to discuss policies, development directions, and technological innovations [13]