SOFE(SZ:000852)2025-08-29 08:18Group 1: Overseas Business Performance - In the first half of 2025, the company achieved new orders of 1.21 billion RMB in the international market, a year-on-year increase of 15% [1] - Collaborations with major oil companies such as Saudi Aramco and ADNOC were established, and the company successfully entered the supply chains of international firms like Total and Sonatrach [1][2] - The company’s overseas business has transitioned from single product exports to full industry chain solution outputs [2] Group 2: Drill Bit Business Performance - In the first half of 2025, the drill bit business generated revenue of 348 million RMB, a decline of 13.05% year-on-year [3] - The decrease in demand for drill bits is attributed to the rising efficiency requirements and cost-cutting measures by major oil companies [3] - The company is focusing on high-value functional new products to differentiate itself and enhance market share [3] Group 3: LNG Business Development - The company is capitalizing on the domestic policy push for LNG as a clean energy source, with rapid development of LNG refueling stations [4] - In the first half of 2025, the company secured new orders worth 25.38 million RMB for LNG refueling equipment from key projects in multiple provinces [4] Group 4: Shareholder Incentives and Market Management - The company aims to achieve its annual operational goals, with the success of the stock incentive plan dependent on the performance of comparable enterprises [5] - Focus on enhancing technological innovation and green development capabilities to improve market expansion and operational performance [6][7]