DUPT(301158)2024-11-29 07:51Group 1: Product Overview - The main product, screw drill tools, is used in oil, natural gas, shale gas, coalbed methane, and geothermal drilling operations, applicable for directional and horizontal drilling [2] - The expected lifespan of the screw drill tools ranges from 100 to 400 hours under normal working conditions [2] Group 2: Market Expansion Plans - The company plans to increase investment in the U.S. market, expanding its sales network and proprietary brand in North America, Canada, and Mexico [3] - Future overseas market revenue is expected to reach 50% of total revenue [3] Group 3: Competitive Landscape - The drilling industry is highly specialized, with some smaller companies using low-quality, low-cost products to compete in less mainstream markets [3] - In mainstream markets, customers prioritize supplier strength and product quality, which protects the company from low-cost competition [3] Group 4: Product Innovations - The company has developed ultra-wear-resistant, high-pressure acid fracturing hoses, which are currently undergoing market trials [3] - Advantages of these hoses over traditional steel pipe assemblies include lower overall costs, longer lifespan, and easier installation and use [3]