SOFE(SZ:000852)2024-08-27 09:53Group 1: Hydrogen Equipment Business - The company achieved new orders of 62.31 million yuan in hydrogen equipment in the first half of 2024, representing a growth rate exceeding 100% [1][2] - Hydrogen equipment is a key emerging business for the company, focusing on hydrogen production and transportation solutions [1][2] - The company has developed a comprehensive testing center for high-pressure gas equipment, establishing manufacturing standards for hydrogen equipment [3] Group 2: Future Business Strategy and Market Outlook - The company anticipates a slow recovery in the global economy and a slight decline in international crude oil prices in 2024, with a GDP growth target of around 5% for China [2] - The company aims to optimize market layout and enhance competitiveness in oil and gas development tools while advancing service transformation and focusing on emerging industries [2][3] - The company has shifted its fundraising project from upgrading spiral welded pipe units to integrating manufacturing and testing for hydrogen equipment to improve fund utilization efficiency [3][4] Group 3: Financial Performance and Market Management - The company's steel pipe revenue significantly declined in the first half of 2024 due to a slowdown in domestic oil and gas pipeline construction [3] - The company plans to seize opportunities to boost production and supply in the fourth quarter to improve steel pipe business revenue [3][4] - Despite gradual improvements in operating performance, the company's market value has not met investor expectations, prompting efforts to enhance communication and address investor concerns [4] Group 4: Research and Development Investments - R&D investments increased by over 4% year-on-year in the first half of the year, focusing on hydrogen equipment, automated tools, and intelligent control systems [4] - The company is committed to advancing automation and intelligence in its equipment through these R&D efforts [4] Group 5: Risk Management Strategies - The company recognizes oil price fluctuations and exchange rate risks as potential challenges and plans to implement measures to mitigate these risks [4] - Strategies include promoting product-service integration, expanding overseas markets, and managing currency risks effectively [4]