证券日报网2月12日讯，德石股份在接受调研者提问时表示，除螺杆钻具外，公司还有井口装置、 MWD、压裂软管等产品，其中公司自行研发的新产品超耐磨高压酸化压裂软管具备耐高压、耐腐蚀、 耐磨损、长使用寿命的性能优势，可以替代传统钢管管汇，目前该类产品在北美等海外市场已普及应 用，国内油田正在处于小批量的试用阶段，依托海外成熟的应用示范效应，国内市场的推广使用将在未 来几年逐步展开，该产品有望成为公司未来新的业绩增长点。 （文章来源：证券日报） ...

Group 1: Financial Performance and Market Impact - The significant recovery of impairment losses in Q3 was primarily due to the collection of receivables from Qiuji Coal Mine in Shandong Province, which had previously been fully provisioned for bad debts. The lawsuit for this amount has concluded, and all funds have been recovered [2]. - The sensitivity of the U.S. oil and gas market to changes in international oil prices leads to increased investment willingness from upstream oil and gas companies when prices are high, resulting in a rise in drilling activity and related equipment procurement [2]. Group 2: Product Development and Market Strategy - In addition to core products, the company offers wellhead devices, MWD, and fracturing hoses. The newly developed ultra-wear-resistant high-pressure acid fracturing hose is expected to become a new growth point, with applications already established in North America and gradual domestic market introduction anticipated [3]. - The company aims to expand its overseas market presence, targeting North America, South America, Russian-speaking regions, the Middle East, and Africa, with a strategic goal of achieving 50% of total revenue from overseas operations [4]. Group 3: Mergers and Acquisitions Strategy - The company plans to focus on core oil and gas industry sectors, identifying high-quality acquisition targets that align with its business for steady industrial consolidation and resource integration, thereby enhancing core competitiveness and fostering long-term growth [5]. Group 4: Technological Advancements - The MWD (Measurement While Drilling) system developed by the company provides real-time data acquisition during drilling, with key advantages including exceptional high-temperature performance, strong versatility, low failure rates, and enhanced data transmission speed. A complementary big data management platform is also being developed to maximize the product's technical value [6].

Group 1: Product Overview - The main product, screw drill tools, provides power rotation for drilling and is considered a consumable due to wear and tear in harsh environments [2] - The company is developing a new product, ultra-wear-resistant high-pressure acid fracturing hoses, which is expected to become a new business growth point as it replaces traditional steel pipes [2] Group 2: Shareholder Returns - The company emphasizes shareholder returns and plans to increase the dividend ratio and frequency as profits grow, with a focus on enhancing shareholder value [3] Group 3: Market Evaluation and Future Focus - The domestic market is expected to stabilize, with a focus on ensuring stable oil and gas resource supply as a key to energy security [3] - The company aims to increase investment in overseas markets, particularly in South America and Africa, targeting a strategic goal of achieving 50% of total revenue from international operations [3]

Core Viewpoint - The company clarifies that screw drill tools are classified as consumables in the management of oil and gas exploration materials, due to their wear and tear in harsh downhole conditions [1] Group 1: Product Classification - Screw drill tools are categorized as consumables because they are essential for continuous procurement and use in oil and gas exploration operations [1] - These tools connect with other downhole instruments such as LWD (Logging While Drilling) and RSS (Rotary Steerable Systems) to provide necessary power for drilling and real-time monitoring of downhole parameters [1] Group 2: Operational Conditions - Screw drill tools operate under extreme conditions, including high temperature, high pressure, and high abrasion, leading to wear and aging of core components like stators and rotors [1] - Due to the nature of their operation, certain worn components are difficult to repair or reuse, necessitating regular inspection and replacement in line with drilling progress [1]

Core Viewpoint - The company clarifies that screw drill tools are classified as consumables in the management of oil and gas exploration materials, due to their wear and tear in harsh downhole conditions [1] Group 1: Product Classification - Screw drill tools are categorized as consumables because they are essential for continuous procurement and use in oil and gas exploration operations [1] - These tools connect with other downhole instruments such as LWD (Logging While Drilling) and RSS (Rotary Steerable Systems) to provide necessary power for drilling and real-time monitoring of downhole parameters [1] Group 2: Operational Conditions - Screw drill tools operate under extreme conditions, including high temperature, high pressure, and high abrasion, leading to wear and aging of core components like stators and rotors [1] - Due to the nature of their work, certain worn components are difficult to repair or reuse, necessitating regular inspection and replacement in line with drilling progress [1]

Group 1: Industry Outlook - The oil service industry is expected to maintain a favorable outlook due to the strong correlation between global energy consumption growth and GDP growth over the past decade [2] - The International Energy Agency predicts that fossil fuels will still play a significant role in global energy consumption by 2050, supporting continued investment in oil and gas exploration [2] - In China, the implementation of the national energy security strategy and the seven-year action plan for oil and gas exploration has led to steady growth in domestic oil and gas production, with crude oil output reaching 216 million tons in 2025, a 1.5% increase year-on-year, and natural gas output at 261.9 billion cubic meters, a 6.2% increase [2] Group 2: Company Strategy - The company focuses on core business development, enhancing competitive strength, and steadily increasing operational performance to provide sustainable returns to shareholders [5] - There is an emphasis on mergers and acquisitions to integrate upstream and downstream resources, enhancing market position [5] - The company aims to improve governance, implement employee stock ownership plans, and establish a stable cash dividend mechanism to attract long-term investors [5] Group 3: Future Growth Areas - The company plans to expand into overseas markets to create new growth opportunities [6] - There will be a focus on product diversification, consolidating existing product lines while developing new ones to drive performance [6] - The strategy includes identifying quality targets in the industry and promoting horizontal extension of products and services [6]

证券日报网2月3日讯，德石股份（301158）在接受调研者提问时表示，公司核心产品螺杆钻具是为钻头 提供动力的井下专用动力钻具，应用场景的拓展性较强、适用范围较广。该产品目前主要应用于油气领 域钻井，涵盖常规油气及页岩气等非常规油气品类，同时其应用场景还可延伸至救援、穿越工程、地热 能开发等各类有钻井作业需求的场景。目前该产品在这些场景都有所应用，但现阶段其他领域整体占比 远低于油气领域。 ...

场需求；国内市场方面，自 2018 年油气增储上产"七年行动计划"落地 实施以来，石油企业被明确赋予增储上产主体责任，原油产量增长的推 进节奏受油价短期波动的影响相对较小，行业整体保持稳定的勘探开发 投入。同时，国内天然气开发力度持续加大，进一步带动了公司主营产 品的需求增长。目前公司依托政策持续推进与市场需求的双重支撑，在 国内市场实现了稳步发展。 3.公司与北美四大石油服务公司是否存在竞争关系？ 答：公司与北美四大石油服务公司在螺杆钻具领域存在直接竞争，同时 双方也在部分业务上开展合作。例如，公司凭借先进的螺杆钻具加工设 备、完善的品控管理体系和过硬的质量把控能力，与国际知名油服企业 开展螺杆钻具核心部件的销售业务。 编号：2026-002 投资者关系活动 类别 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 现场参观 电话会议 □其他 参与单位名称及 人员姓名 西南证券 胡光怿 时间 2026 年 1 月 28 日 16:00-17:30 地点 公司三楼办公室 上市公司接待人 员姓名 副总经理、董事会秘书 王海斌 证券事务代表 张 峰 投资者关系活动 主要内容介绍 一、公 ...

Core Viewpoint - Geothermal energy is recognized as a new type of clean energy with broad application prospects in heating, power generation, and greenhouse cultivation [2] Company Overview - The company, 德石股份, has developed screw drilling tools that are currently used in geothermal drilling projects [2] - The company has a strong background relationship with Sinopec New Star Petroleum Company, a major developer of geothermal energy in China, which positions the company to provide more tools and equipment for geothermal development [2]

南财智讯1月26日电，德石股份在投资者关系活动中表示，随着国内页岩气产量稳步攀升，水平井钻井 需求持续增长，作为核心专用工具的螺杆钻具市场需求同步提升；针对深部地层高温环境，公司已突破 橡胶部件耐温技术瓶颈，实现200℃以上耐高温性能，相关高温螺杆钻具已多次应用于国家万米深地工 程。 ...