CNPCCCL(SZ:000617)2022-12-07 08:38Group 1: Company Overview - The company, Jinan Diesel Engine Co., Ltd., was established from the original Jinan Diesel Engine Factory and was listed on the Shenzhen main board in 1996. Its main products include 190mm bore medium-speed diesel engines, gas engines, and generator sets, primarily used in the oil and petrochemical sectors, as well as in shipping and fishing industries [2]. Group 2: Impact of Oil Price Decline - The decline in crude oil prices has significantly impacted the company, leading to a substantial decrease in revenue in 2014 compared to 2013. Although revenue increased in 2015 compared to 2014, it remains at a low level compared to previous years [2]. - The company is focusing on deepening its penetration in domestic niche markets while enhancing efforts in foreign market maintenance to secure product sales. Additionally, it is actively working on cost reduction and product performance improvement through R&D and production measures [2]. Group 3: Shareholder and Subsidiary Performance - The controlling shareholder, China National Petroleum Corporation Jichai Power, is currently operating at a loss, with its compressor plant generating an annual revenue of approximately 300-400 million yuan, and is in a phase of digesting expanded production capacity [2][3]. - Other equipment manufacturing companies under the actual controller, such as Baoji Petroleum Machinery and Bohai Equipment, are also reported to be in a loss situation [3]. Group 4: Company Strategy and Expansion - The company has announced the establishment of a subsidiary in Tanzania to enhance its market presence and competitiveness in the African market. This subsidiary will be responsible for sales, leasing, and after-sales services of the company's products in Tanzania and surrounding areas [3].