Core Insights - The article highlights the unprecedented development opportunities and challenges faced by Chinese energy equipment companies amid a deep adjustment in the global energy landscape and accelerated green transition [2] - Jerry Holdings, a leading domestic oil and gas equipment and technology service company, has achieved explosive growth in oil and gas engineering and natural gas business, attracting widespread market attention with its dual business strategy of "oil and gas industry + new energy industry" [2] Business Performance - In the first half of the year, Jerry Holdings reported a year-on-year revenue growth of over 88% in oil and gas engineering and technical services, and a 112.69% increase in natural gas-related business revenue [3] - The company has established a full industry chain layout from "front-end process development to equipment manufacturing, technical services, and ground engineering," aligning with global clean and low-carbon transition demands [3] - The company has successfully expanded its market presence in regions rich in natural gas resources, such as the Middle East, Central Asia, and North Africa, validating its international competitiveness with a one-stop solution from design to operation and maintenance [3] Global Expansion - Since its first overseas venture in 2005, Jerry Holdings has transitioned from product exports to localized operations, with current orders exceeding 10 billion yuan and nearly 50% of revenue coming from overseas markets [3] - The company has strengthened its traditional regional layouts while exploring emerging markets in Southeast Asia and Africa, forming a global business network [3] Talent and Supply Chain - Jerry Holdings has focused on talent acquisition since 2011, currently employing around 2,000 overseas staff, including local talents from various countries [4] - The company is building a global supply chain system centered on "China + North America + Middle East," enhancing response speed and cost advantages while ensuring supply chain security and stability [4] Innovation and R&D - R&D innovation has been a key driver for Jerry Holdings over its 26 years of development, with over 500 million yuan allocated for R&D in 2024 [6] - The AI·R FRAC intelligent command system has achieved a decision accuracy of 97.8%, enabling real-time monitoring and predictive maintenance of oilfield equipment [6] - The company anticipates revenue growth in the first three quarters of 2025, despite a 3.43 percentage point decline in gross margin due to structural adjustments [6][7] Future Outlook - Jerry Holdings positions itself as a company based on energy and led by technology, aiming to provide efficient and clean equipment and services while accelerating its new energy layout in lithium battery recycling and negative electrode materials [8] - The company aims to become a professional service provider in various energy sectors, contributing to global energy transition [8][10] - Jerry Holdings is committed to creating a closed-loop industry chain for waste battery resource recovery and material remanufacturing, with plans to expand its overseas market presence in lithium battery resource recycling [9]

Core Viewpoint - The article highlights the unprecedented development opportunities and challenges faced by Chinese energy equipment companies, particularly focusing on the rapid growth of Jereh Holdings in the oil and gas engineering and natural gas sectors, driven by a dual business strategy of "oil and gas industry + new energy industry" [1] Business Performance - Jereh's oil and gas engineering and technical service revenue grew by over 88% year-on-year in the first half of the year, while natural gas-related revenue increased by 112.69% year-on-year, reflecting the company's long-term strategic alignment with global energy demand [1] - The company has established a full industry chain layout from process development to equipment manufacturing, technical services, and ground engineering, which aligns with the global transition to clean and low-carbon energy [1] Global Market Expansion - Jereh has successfully expanded its operations in regions rich in natural gas resources, such as the Middle East, Central Asia, and North Africa, which has led to increased orders and validated the company's competitive advantage in providing one-stop solutions [2] - Since its first overseas venture in 2005, Jereh has achieved a significant milestone with over 100 billion yuan in orders and nearly 50% of its revenue coming from international markets, covering over 70 countries [2] Talent and Supply Chain Management - The company has focused on talent acquisition since 2011, currently employing around 2,000 overseas staff, including local talents from various countries [3] - Jereh is building a global supply chain system centered around China, North America, and the Middle East to enhance responsiveness and ensure supply chain stability [3] Innovation and R&D - Jereh's commitment to R&D is evident with an investment of over 500 million yuan in 2024, leading to advancements such as the new generation of turbine fracturing vehicles and AI-based intelligent command systems [3] - The AI·R FRAC system has achieved a decision accuracy rate of 97.8%, enabling real-time monitoring and predictive maintenance of oilfield equipment, thus improving operational efficiency and safety [3] Business Diversification - The company has shifted from a focus on high-margin special equipment manufacturing to a diversified business model that includes technical services and oil and gas engineering, which has resulted in a decrease in overall gross margin [4] - Jereh emphasizes that this diversification strategy enhances resilience against market fluctuations and fosters long-term cash flow through sustained client relationships [4] Future Outlook - Jereh anticipates a structural change in the global energy landscape, where traditional and new energy sources will coexist, with a growing role for natural gas and renewable energy [6] - The company aims to position itself as a professional service provider in various energy sectors, contributing to global energy transition while ensuring the safety and efficiency of traditional energy sources [6] New Energy Initiatives - In the new energy sector, Jereh has achieved industry-leading technical indicators in negative electrode materials and is the only company globally to offer a full industry chain solution in lithium battery resource recycling [7] - The company plans to continue expanding its overseas market presence in lithium battery recycling and aims to create a closed-loop industry chain for waste battery recovery and material remanufacturing [7]