Core Insights - From 2024 to 2028, global natural gas engineering investment is expected to have a compound annual growth rate (CAGR) of over 10% [1] - The demand for natural gas equipment is anticipated to continue expanding, especially with the termination of existing long-term contracts for Russian natural gas in the EU by January 1, 2028, leading to increased imports from the US, Qatar, the Middle East, and North Africa [1] Company Developments - The company has established a comprehensive technical layout across the entire value chain of natural gas, including gas development, purification, liquefaction, storage, transportation, and end-use [1] - Recent increases in natural gas development demand have resulted in a rapid growth of orders in the company's natural gas-related business [1] - The company has successfully undertaken or won bids for several significant projects, including: - Kuwait KOC JPF-5 project - Bahrain BAPCO natural gas compressor station project - Iraq Mansuriya gas field development project - Algeria National Oil Company booster station project - Malaysia National Oil Company booster station project [1] - The company aims to further optimize its product structure, expand business regions, enhance product delivery efficiency, and improve market competitiveness in the natural gas sector to achieve greater performance breakthroughs [1]

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].