Core Insights - The company, 德石股份, emphasizes the ongoing robust demand for oil and gas exploration due to global economic development, which is expected to continue growing through 2050, as indicated by the BP World Energy Outlook (2020) [1] Industry Overview - The global energy demand is projected to rise, with fossil fuels remaining a significant part of the energy consumption structure, supporting the continuous growth of investment in oil and gas exploration and development [1] - As oil and gas reserves become increasingly difficult to extract, companies are investing heavily in the re-exploitation of old oil wells and increasing investments in deep-sea and unconventional oil and gas extraction, leading to a heightened demand for high-performance downhole tools and equipment [1] Company Positioning - 德石股份 is positioned to benefit from the growing demand for oil and gas drilling tools and equipment, as the industry trend indicates a long-term positive outlook for the oil and gas drilling tool and equipment sector [1]