Shanghai SK Petroleum and Chemical Equipment (SZ:002278)2025-09-19 07:56Business Overview - The company has three main business segments: oil and gas drilling equipment, oil and gas exploration instruments, and oil product analysis instruments [3][5][7]. Segment 1: Oil and Gas Drilling Equipment - The company is a leading manufacturer of well control and wellhead equipment, being the only private enterprise in China with comprehensive capabilities in blowout preventers and remote control systems [4]. - It has established long-term partnerships with major domestic oil companies, including Sinopec and PetroChina, and has been recognized as a core supplier [4]. Segment 2: Oil and Gas Exploration Instruments - The company holds the leading market share in comprehensive logging instruments, with flagship products designed to meet stringent safety standards [5]. - It has developed advanced drilling measurement systems that enhance performance in extreme conditions, establishing a competitive edge [6]. Segment 3: Oil Product Analysis Instruments - The company has launched over 100 specifications of analysis instruments, including advanced gasoline and diesel testing machines, achieving high precision and stability [7]. - It is expanding its product line into aviation fuel and lubricants, creating a comprehensive detection technology system [7]. Strategic Focus - The company is focusing on deep-sea equipment and artificial intelligence, aiming to enhance product innovation and production technology [10][11]. - It plans to develop intelligent and unmanned high-end well control equipment for offshore platforms, aligning with national strategies [10]. International Expansion - The company has successfully entered over 50 countries, with overseas revenue accounting for 33.58% of total revenue in the first half of 2025, a 107.20% increase year-on-year [12]. - It aims to leverage the Belt and Road Initiative to enhance its global competitiveness [12]. Industry Outlook - The company is optimistic about the oil and gas industry's growth, anticipating increased exploration and development spending due to energy security pressures [14]. - The development of deep and unconventional resources is expected to accelerate, benefiting companies focused on technological innovation [14].