Group 1 - The company achieved significant growth in key operational metrics, with net profit increasing by 52%, new market contracts by 5.9%, revenue by 1.4%, and cash collection by 11.1% in the first half of the year [1] - The company implemented innovative marketing strategies, establishing a collaborative marketing system across seven strategic regions and enhancing market information sharing, resulting in an external market share of 74% [1] - The company expanded its international market presence through eight major projects and improved its overseas personnel mechanisms, achieving new results in multiple international projects [1] Group 2 - The company accelerated core technology development and application, successfully operating a self-developed permanent magnet synchronous motor in high-altitude oil fields and promoting high-end wellheads in various oil fields [2] - The company increased its research and development efforts in new energy products, achieving significant advancements in carbon dioxide injection pumps and natural gas power generation systems, with new industry project revenue growing by 25% [2] - The company completed over 100% of its production plan in the first half of the year, with significant increases in the production of key equipment, meeting the demands of oil and gas fields and petrochemical enterprises [2]

Core Viewpoint - 德石股份 is leveraging its advanced technology and research capabilities to support the green transformation of the oil and gas industry, particularly through its CCUS technology and high-performance products [2][3]. Group 1: Company Overview - 德石股份, established in 1961, has evolved from a state-owned enterprise to a publicly traded company, marking significant milestones in its development [3][7]. - The company focuses on research and development, with annual R&D expenses consistently exceeding 3% of its revenue, showcasing its commitment to innovation [3][4]. Group 2: Technological Advancements - The CC-level casing head developed by 德石股份 has achieved API6A certification for sealing performance and has over three times the corrosion resistance compared to traditional products, making it a key component in CCUS projects [2]. - 德石股份 has demonstrated its technological prowess in high-temperature environments, with its high-temperature screw drill tools successfully operating for 100 hours without failure in extreme conditions [3]. Group 3: Market Strategy and Internationalization - The company has established a significant international presence, with products exported to over a dozen countries and overseas revenue accounting for approximately 20% of total income [5]. - 德石股份 aims to increase its overseas revenue share to 50% by expanding its market presence in North America, Russian-speaking regions, and the Middle East [5]. Group 4: Future Outlook - The company plans to continue enhancing its innovation capabilities and learning from other leading enterprises to solidify its position in the oil and gas development sector [6].

Core Viewpoint - 德石股份 has signed a strategic cooperation agreement with Sinopec International Co., Ltd., focusing on the cooperation in screw drill tools, which is expected to enhance business relations and mutual benefits between the two companies [2]. Group 1: Company Performance - As of June 27, 2025, 德石股份 closed at 17.14 yuan, down 1.15%, with a turnover rate of 6.38%, a trading volume of 93,500 shares, and a transaction amount of 160 million yuan [1]. Group 2: Strategic Initiatives - The company is actively focusing on the "Belt and Road" initiative, considering it a key overseas market, and aims to provide quality products and services to clients in these regions [3]. - The company is exploring potential projects in the renewable energy sector, although specific plans were not disclosed [2]. Group 3: Investor Relations - The company has increased its R&D investment in recent years, with updates on key projects expected to be disclosed in the 2024 annual report [2]. - On June 27, 2025, the net outflow of main funds was 23 million yuan, while speculative funds saw a net inflow of 6.49 million yuan, and retail investors had a net inflow of 16.51 million yuan [3].

Group 1: Product Development and Features - The main function of the company's screw drill tools is to provide drilling power for various energy sources, including oil, natural gas, shale gas, coalbed methane, and geothermal energy [2] - New products developed include rotary steering screw drill tools, near-bit screw drill tools, ultra-high temperature screw drill tools, and high-angle screw drill tools to meet customer needs [2] - The company produces hydraulic oscillators, which help reduce friction on well walls during horizontal drilling [2] Group 2: Market Position and Product Performance - The company has independently developed ultra-wear-resistant high-pressure acid fracturing hoses, which are currently being tested in oilfield markets [3] - These hoses offer advantages over traditional steel pipe connections, such as ultra-high pressure, corrosion resistance, and impact resistance [3] - The company is confident about future market potential, as domestic oilfields are currently testing these products without large-scale promotion yet [3] Group 3: Impact of Tariff Policies - Current tariff policies have a minimal overall impact on the company, as the revenue from direct exports to the U.S. is relatively small [3] - The company has proactively prepared for changes in the trade environment by stocking a considerable number of product components in the U.S. for assembly [3] Group 4: Market Trends and Demand - In 2025, there is a rapid increase in demand for hydraulic injection pumps, primarily used in secondary oil recovery, due to their low operating costs and high safety [3] - The company’s screw drill tools are mainly applied in the Bohai Sea, East China Sea, and South China Sea, with applications in domestic coalbed methane projects and international projects in Iraq [3] - The potential for growth in domestic offshore oil and gas production is expected to drive continuous sales or rental growth of related products [3]

Group 1: Product Development and Features - The main function of the company's screw drill tools is to provide drilling power for various energy sources, including oil, natural gas, shale gas, coalbed methane, and geothermal energy [2] - New products developed include rotary steering screw drill tools, near-bit screw drill tools, ultra-high temperature screw drill tools, and high-angle screw drill tools to meet customer needs [2] - The company produces hydraulic oscillators, which help reduce friction on well walls during horizontal drilling [2] Group 2: Market Position and Product Performance - The company has independently developed ultra-wear-resistant high-pressure acid fracturing hoses, which are currently being trialed in oilfields and have advantages over traditional steel pipe connections [3] - The domestic oilfields are still in the trial phase for these hoses, but the company is confident about future market potential based on North American market usage [3] - The company has the technology and equipment to independently produce these hoses [3] Group 3: Impact of Tariff Policies and Market Trends - Current tariff policies have a minimal overall impact on the company, as the revenue from direct exports to the U.S. is a small percentage of total sales [3] - The company is proactively preparing for changes in the trade environment and has stockpiled a considerable number of product components for assembly in the U.S. [3] - In 2025, there is a rapid increase in demand for hydraulic injection pumps, which are favored for their low operating costs and high safety [3] Group 4: Application Areas and Growth Potential - The company's screw drill tools are primarily used in the Bohai Sea, East China Sea, and South China Sea, as well as in domestic coalbed methane projects and international projects in Iraq [3] - The market for marine oil and gas exploration in China shows significant growth potential, which will drive continuous sales or rental growth of related products [3]