Financial Performance - In 2023, the company achieved total revenue of RMB 4,251.5 million and a net profit of RMB 171.5 million[16] - Revenue increased by 38.4% from 2022 to 2023[12, 16] - Net profit increased by 55.3% from 2022 to 2023[12, 16] - Gross profit increased from RMB 685 million in 2022 to RMB 915 million in 2023[16, 32] Segment Performance - Oilfield Equipment Manufacturing & Services revenue increased by 37.5%[13, 20] - Oilfield Services revenue increased by 10.5%[14, 25] - Offshore Engineering Services revenue increased significantly by 311.9%[15, 27] Business Development & Strategy - The company is focusing on high-tech specialized integrated EPCIC turkey service business model in Offshore Engineering Services[15] - The company is strengthening R&D and digital transformation across all segments[15, 20, 25, 27] - The company is focusing on US/Canada and Middle East markets for Oilfield Equipment Manufacturing & Services[45] - The company aims to further develop business model of existing drilling and workover service, technical service and oilfield trade service, elevate Integrated turnkey project service[46]