DUPT(SZ:301158)2026-02-12 07:02Group 1: Financial Performance and Market Impact - The significant recovery of impairment losses in Q3 was primarily due to the collection of receivables from Qiuji Coal Mine in Shandong Province, which had previously been fully provisioned for bad debts. The lawsuit for this amount has concluded, and all funds have been recovered [2]. - The sensitivity of the U.S. oil and gas market to changes in international oil prices leads to increased investment willingness from upstream oil and gas companies when prices are high, resulting in a rise in drilling activity and related equipment procurement [2]. Group 2: Product Development and Market Strategy - In addition to core products, the company offers wellhead devices, MWD, and fracturing hoses. The newly developed ultra-wear-resistant high-pressure acid fracturing hose is expected to become a new growth point, with applications already established in North America and gradual domestic market introduction anticipated [3]. - The company aims to expand its overseas market presence, targeting North America, South America, Russian-speaking regions, the Middle East, and Africa, with a strategic goal of achieving 50% of total revenue from overseas operations [4]. Group 3: Mergers and Acquisitions Strategy - The company plans to focus on core oil and gas industry sectors, identifying high-quality acquisition targets that align with its business for steady industrial consolidation and resource integration, thereby enhancing core competitiveness and fostering long-term growth [5]. Group 4: Technological Advancements - The MWD (Measurement While Drilling) system developed by the company provides real-time data acquisition during drilling, with key advantages including exceptional high-temperature performance, strong versatility, low failure rates, and enhanced data transmission speed. A complementary big data management platform is also being developed to maximize the product's technical value [6].