Group 1: Event Overview - The fourth (2025) Oil and Petrochemical Industry Exhibition and Yipai Industrial Products Exhibition was held in Nanjing, showcasing over 500 leading global companies and highlighting China's leap in the localization of oil and petrochemical equipment [1] - The exhibition covered an area of 70,000 square meters, featuring significant advancements in domestic manufacturing capabilities, including deep exploration equipment and large-scale refining technologies [1] Group 2: Deep Exploration Equipment - The "Jingwei Linghang" rotary steering drilling system developed by Sinopec Jingwei Company is designed for efficient development of deep and ultra-deep oil and gas resources, achieving international advanced performance with a temperature resistance of 175°C and pressure resistance of 172 MPa [3] - The "Jingwei Shijie" AMR resistivity boundary detection instrument can measure resistivity and boundary in real-time, with a detection depth of 5.6 meters, significantly aiding in precise horizontal well landing [3] Group 3: Drilling and Fracturing Equipment - Sinopec's Idrilling (Yinglong) scientific drilling system utilizes AI algorithms for real-time optimization of drilling parameters, enhancing operational efficiency by 40% compared to previous models [4] - China National Petroleum Corporation (CNPC) showcased the F-2800QHL ultra-deep well high-power drilling pump group, capable of meeting various operational demands across multiple scenarios [4] Group 4: Refining Core Equipment - The exhibition highlighted domestic breakthroughs in core equipment, marking a shift from "catching up" to "leading" in major equipment technology [6] - Harbin Electric Group's high-efficiency electric motors achieved the new national standard for energy efficiency, showcasing advancements in energy-saving technologies [6] Group 5: Ethylene Production Equipment - Shenyang Blower Works Group presented the domestically produced ethylene three-machine set, which has surpassed imported models in certain performance metrics [8] - Hangzhou Steam Turbine Group displayed a turbine model for the world's largest single-line ethylene project, demonstrating top-tier performance [8] Group 6: Special Valves - Beijing Aerospace Petrochemical Technology Equipment Engineering Company developed a 60-inch large-diameter cracking gas valve, breaking decades of foreign monopoly in this field [9] - CNNC Suvalve Technology's high-temperature and high-pressure distribution valves have been successfully applied in several domestic refining facilities, marking a significant domestic achievement [9] Group 7: Intelligent Control Systems - Wolong Electric Drive Group's TDF105-2 synchronous generator has achieved international leading levels in capacity and efficiency, addressing industry challenges [11] - Hangzhou Haili Automation's HiaGuard MAX safety control system is the first fully domestically produced dual-safety integrated system, enhancing industrial safety [11][13]

Core Insights - The fourth (2025) Oil and Petrochemical Industry Exhibition and Yipai Industrial Products Exhibition opened on September 24 in Nanjing, showcasing over 500 leading enterprises and highlighting the latest domestic technologies in the oil and petrochemical sector [1][3] - The exhibition aims to facilitate deep communication and cooperation within the industry, promoting high-end, intelligent, and green development of oil and petrochemical equipment, which is crucial for national energy security and sustainable development [3] Group 1: Exhibition Overview - The exhibition features eight core areas: heavy equipment, energy storage, new energy, new materials, intelligence and automation, fluid control, comprehensive services, and smart logistics, covering the entire oil and petrochemical industry chain [5] - Significant products displayed include China National Petroleum Corporation's F-2800QHL ultra-deep well high-power five-cylinder drilling pump and China National Offshore Oil Corporation's first mobile thermal injection platform [5] Group 2: AI Applications - The exhibition showcases breakthroughs in AI applications, such as a molecular language pre-training model developed by Beijing Chemical Research Institute and a domestic first explosion-proof intelligent sample delivery robot by Petrochemical Yingke [7] - Huawei presented smart chemical solutions for process optimization and preventive maintenance, while Zhongkong Technology introduced the first time series large model TPT2 for high-precision simulation and cross-condition prediction [7] Group 3: Industry Discussions - The exhibition will run until September 26 and includes nearly 30 high-quality professional meetings focusing on topics like manufacturing brand internationalization, recycling, and collaborative innovation in the valve industry [8] - Co-hosted by the China Petroleum and Petrochemical Equipment Industry Association and Yipai E-commerce Co., the exhibition has successfully contributed to the innovation of oil and petrochemical technology and the cultivation of new productive forces [8]

Core Viewpoint - Sinopec Oilfield Service Corporation (石化油服) has secured significant contracts, indicating strong growth in both domestic and international markets, with a focus on technological innovation and research investment [1][4][11]. Group 1: Contract Wins and Financial Performance - On September 12, 2025, Sinopec Oilfield Service announced that its subsidiary won a contract worth 858 million yuan for a natural gas pipeline project, which represents approximately 1.06% of the company's projected revenue for 2024 [1][4]. - In the first half of 2025, the company signed new contracts totaling 63.67 billion yuan, marking a 3.2% year-on-year increase, with overseas contracts contributing 19.62 billion yuan, a 71.8% increase compared to the previous year [2][7]. - The company has shown consistent revenue and profit growth since 2021, with net profit increasing from 180 million yuan in 2021 to 632 million yuan in 2024, and further rising to 492 million yuan in the first half of 2025 [3][13]. Group 2: Research and Development - Sinopec Oilfield Service has invested over 20 billion yuan annually in research and development for the past two years, with total R&D investment exceeding 92 billion yuan from 2020 to 2024 [2][11]. - The company has applied for 540 patents in the first half of 2025, including 341 invention patents, showcasing its commitment to technological advancement [12]. - The company has developed key technologies, such as the "Idrilling" system, which has improved drilling efficiency, reducing average drilling time by 12.7% and increasing drilling speed by 19.4% [12][13]. Group 3: Market Expansion - Sinopec Oilfield Service operates in over 20 provinces in China and provides services in 29 countries and regions internationally, highlighting its extensive market reach [2][11]. - The revenue from overseas markets is becoming increasingly significant, accounting for 25.04% of total revenue in the first half of 2025, up from 20.12% in 2023 [9][10].

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