DUPT(SZ:301158)2026-03-09 03:46Group 1: Company Overview and Business Expansion - The company has started to expand its oilfield enhancement business since the end of 2022, focusing on aging oilfields with declining production, such as Daqing and Xinjiang Karamay, using techniques like pressure injection and gas/water drive to improve oil recovery rates [2][3]. - The company is actively promoting its ultra-wear-resistant high-pressure acid fracturing hose, which has achieved large-scale application in the North American market and is currently in the trial promotion phase in China [2][3]. - New business areas, including oilfield enhancement, ultra-wear-resistant hoses, MWD (Measurement While Drilling), and PDC drill bits, are being systematically developed to enrich the company's product structure for long-term growth [3]. Group 2: Product Advantages and Market Position - The ultra-wear-resistant high-pressure acid fracturing hose offers advantages over traditional steel pipes, including high pressure resistance, corrosion resistance, wear resistance, and longer service life, making it more suitable for oilfield operations [4]. - The company has expanded its wellhead device business to a full series of manufacturing, including various products such as Christmas trees and fracturing wellheads, enhancing its product line [5]. - The domestic oil and gas market is supported by the national "stabilize oil and increase gas" strategy, with the company’s rod drill tools experiencing steady growth in market scale [9]. Group 3: Production Capacity and Order Status - The company’s production capacity for wellhead devices and high-pressure acid fracturing hoses is sufficient to meet market demand, while the capacity for rod drill tools is currently tight, unable to fulfill all orders [11]. - The company is actively working on expansion projects, although the pace is temporarily slowed due to the long delivery cycle of core imported equipment [11]. - As of early 2026, the company has a full order book, with production operations progressing smoothly as domestic oilfields resume work [9][11].