Core Viewpoint - The company, as a subsidiary of Sinopec Group, has not distributed dividends due to the negative retained earnings of its parent company, which affects its ability to declare cash dividends [2][3] Company Performance - In Q1 2025, the company reported a main revenue of 1.541 billion yuan, a year-on-year decrease of 7.87% - The net profit attributable to the parent company was 5.8461 million yuan, down 76.9% year-on-year - The net profit after deducting non-recurring gains and losses was -7.1386 million yuan, a decrease of 130.37% year-on-year - The company's debt ratio stood at 69.5%, with financial expenses amounting to 155.616 million yuan and a gross profit margin of 11.5% [9] Future Growth Prospects - The company aims to enhance its performance by focusing on technological innovation in the oil and gas and new energy equipment sectors - It plans to build a hydrogen energy machinery innovation industrial park to leverage its status as a "China Petrochemical Hydrogen Energy Equipment Manufacturing Base" [4][5] - The company is committed to high-end, intelligent, green, and service-oriented development, targeting the oil and gas exploration and development market [4] Industry Outlook - The energy security strategy emphasizes increasing oil and gas reserves and production, with a continued rigid growth in national oil and gas demand - The overseas oil and gas market remains active, positively impacting the petroleum equipment market [7]