Core Viewpoint - Gredis Petroleum Technology Co., Ltd. is progressing with its IPO guidance for public offering on the Beijing Stock Exchange, with a focus on oil and gas development technology services [2][3]. Company Overview - Gredis was established in October 2011 and specializes in new technologies, processes, and products for oil drilling and completion engineering, providing specialized technical services such as leak prevention, real-time monitoring, and wellbore cleaning [3]. - The company initiated its IPO guidance with the Xinjiang Securities Regulatory Bureau in January 2024, with the guidance period set from April 1, 2025, to June 30, 2025 [3]. Financial Performance - In 2024, Gredis reported a revenue of 267 million yuan, representing a year-on-year decrease of 9.46%. However, the net profit attributable to shareholders was 43.41 million yuan, showing a year-on-year increase of 3.43% [3]. Shareholding Structure - As of the end of 2024, He Zhigang directly held 23.16 million shares, accounting for 42.31% of the total share capital, making him the largest shareholder. He also indirectly holds an additional 62.47% of the company's shares through other entities [3].