Core Viewpoint - Jerry Holdings (002353.SZ) has attracted significant attention in the capital market with impressive mid-year performance, reporting a revenue of 6.901 billion yuan, a year-on-year increase of 39.21%, and a net profit of 1.241 billion yuan, up 14.04% year-on-year [2][4] Group 1: Financial Performance - The company's revenue for the first half of the year reached 6.901 billion yuan, marking a 39.21% increase year-on-year, while net profit was 1.241 billion yuan, reflecting a 14.04% growth [2][4] - Oil and gas business remains the main revenue driver, contributing 6.572 billion yuan, accounting for 95.24% of total revenue [4] - The high-end equipment manufacturing segment generated 4.224 billion yuan in revenue, representing 61.22% of total revenue, with significant growth in core product orders [4] Group 2: Business Segments - The natural gas segment saw a remarkable revenue increase of 112.69% year-on-year, with a gross margin improvement of 5.61 percentage points and new orders rising by 43.28% [4][5] - The oil and gas engineering and technical services segment also performed well, achieving 2.069 billion yuan in revenue, an 88.14% increase year-on-year [5] Group 3: Strategic Direction - Jerry Holdings has established a dual business strategy focusing on both traditional oil and gas and new energy since 2021 [3][4] - The company is actively shifting resources towards overseas EPC projects to counterbalance domestic demand limitations, particularly in the Middle East, which is seen as a key strategic market [5][11] Group 4: Challenges in New Energy - Despite a 65.74% year-on-year increase, the revenue from new energy and recycling business was only 328 million yuan, accounting for just 4.76% of total revenue [6] - The lithium-ion battery anode material project in Gansu has faced delays, with only 60.46% of construction completed and a reported loss of 24.7 million yuan [6] Group 5: Market Outlook - The company is positioned at the intersection of cyclical recovery and structural transformation, with significant growth potential in the Middle East oil service market, which is estimated to be worth hundreds of billions of dollars [11][12] - Current projects in the Middle East and North Africa account for 58% of Jerry Holdings' outstanding EPC orders, providing a solid revenue foundation for the next 18-24 months [12]

Core Viewpoint - The company, Shihua Machinery, has been experiencing a decline in stock performance despite the overall positive trend in the oil and gas service sector due to geopolitical events in the Middle East. The company is focusing on improving its market value management while continuing its operational development [2][6]. Group 1: Company Performance - As of July 4, 2025, Shihua Machinery's stock closed at 6.63 yuan, down 1.92%, with a turnover rate of 2.4%, a trading volume of 226,700 shares, and a transaction value of 151 million yuan [1]. - On the same day, the company experienced a net outflow of 6.87 million yuan from major funds, a net outflow of 2.35 million yuan from speculative funds, while retail investors saw a net inflow of 9.22 million yuan [6]. Group 2: Business Operations - The company does not produce hydrogen energy but focuses on manufacturing hydrogen energy equipment and providing integrated solutions [3]. - Shihua Machinery has a strong technical team in the hydrogen energy sector, including 10 PhDs and over 50 master's degree holders, and has achieved multiple patents and standards in this field. The company aims to develop key technologies and equipment for hydrogen energy solutions [4]. Group 3: Market Presence - The company has established business relationships in several countries along the Belt and Road Initiative, including Saudi Arabia, Kuwait, Qatar, the UAE, Kazakhstan, and Algeria [4]. - In the past two years, the company has not generated any sales revenue from EU countries [5].