Core Insights - The company, Jerry Co., recently engaged in a research activity with 17 institutions, including E Fund and Morgan Fund, focusing on its natural gas business, overseas operations, core products, and cash flow [1][3]. Group 1: Research Activity Details - The research activity was categorized as targeted research and site visits, conducted in two sessions on September 10 and September 11, 2025, at the company's headquarters [2]. - Participating institutions included well-known financial entities such as E Fund, Invesco Great Wall Fund, and Guotou Ruijin Fund, with company representatives including Qu Ning, Mao Caixia, Song Xiang, and Wang Heyang [2]. Group 2: Business Highlights and Advantages - The natural gas business has become a significant support and growth point for the company, leveraging a comprehensive technical layout across the entire industry chain from gas development to end-use [3]. - The company has established a threefold increase in production capacity through the construction and expansion of its natural gas industrial park [3]. - The international strategy has shown significant results, with overseas market revenue reaching 3.295 billion yuan in the first half of 2025, a year-on-year increase of 38.38%, and new orders growing by 24.16% [3]. - The company has developed its own fracturing plunger pump, recently launching the "Pangu" series, which features long life and high displacement, with a 50% reduction in maintenance costs [3]. - The establishment of Shandong Jerry Min Electric Energy Co. aims to promote the power generation business, providing gas internal combustion generator sets and related services, with new orders in the North American market [3]. Group 3: Cash Flow and Dividend Situation - The company emphasizes cash flow management, achieving a net cash flow from operating activities of 3.144 billion yuan in the first half of the year, an increase of 2.083 billion yuan year-on-year [4]. - For the 2024 fiscal year, the company plans to distribute a cash dividend of 6.9 yuan per 10 shares (before tax), totaling 706 million yuan [4]. - The half-year dividend plan for 2025 is set at 1.5 yuan per 10 shares (before tax), with an expected total of 153 million yuan [4].

Group 1: Company Overview and Business Strategy - The company has established a comprehensive natural gas business chain, covering exploration, storage, processing, liquefaction, and terminal utilization, which has become a significant growth driver for its performance [3] - The company has built a natural gas industrial park, increasing production capacity by over three times to meet the growing demand for natural gas equipment [3] - The company operates in over 70 countries, with overseas business revenue accounting for a growing proportion of total income [4] Group 2: Financial Performance - In the first half of 2025, the company achieved overseas market revenue of CNY 3.295 billion, a year-on-year increase of 38.38%, with new overseas orders growing by 24.16% [4] - The net cash flow from operating activities reached CNY 3.144 billion, an increase of CNY 2.083 billion year-on-year [7] - The company distributed a cash dividend of CNY 6.9 per 10 shares (tax included), totaling CNY 706 million (tax included) for the 2024 fiscal year [7] Group 3: Product Development and Innovation - The company has developed the "Pangu" series of plunger pumps, which feature a high commonality rate of 85% in core structures and components, reducing maintenance costs by 50% [5] - The company emphasizes product innovation to maintain a technological edge, with recent advancements in plunger pump technology enhancing market competitiveness [5] - The company has established Shandong Jerry Min Electric Energy Co., Ltd. to promote its generator set business, offering various reliable power solutions [6] Group 4: Market Position and Brand Recognition - The company has improved its brand recognition and market share through high-quality delivery of engineering orders and high-end equipment applications [4] - The company is focused on enhancing its overseas market capabilities and brand influence through resource integration and increased investment [4]