There are growth expectations for oil drill bits o

2022-08-16
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Jiangchuan shares: there is growth expectation for oil drill bit

Guide: the company released its 2004 semi annual report: net profit of 39.576 million yuan, earnings per share of 0.128 yuan, that is, the surface and internal degradation of net assets per share of 2.25 yuan, the return on net assets of 5.714%, and it is not planned to distribute or increase. Comment and analysis: the main business scope of jiangzuan Co., Ltd. includes oil and gas, mining bits, petroleum machinery accessories, etc. it is a Chinese

the company released its 2004 semi annual report: net profit of 39.576 million yuan, earnings per share of 0.128 yuan, net assets per share of 2.25 yuan, and return on net assets of 5.714%, which is not intended to be distributed or increased

evaluation and analysis: the main business scope of jiangzuan Co., Ltd. includes oil and gas, mining bits, petroleum machinery accessories, etc. it is a member enterprise of Sinopec. For a long time, the company has attached great importance to the introduction and transformation of technology to improve the scientific and technological content of products, thereby enhancing the market competitiveness. The company's leading product oil cone recycling plastic bags can be placed there. The domestic market share of drill bits and diamond drill bits reaches more than 65%, and is exported to 16 countries and regions such as the United States. It has become a world-renowned manufacturer of oil drill bits, ranking third in the world in the international market share

in recent years, taking advantage of the capital advantages of listed companies, jiangzuan Co., Ltd. has acquired and merged Shanghai Baosheng drilling tools Co., Ltd. and established Wuhan jiangzuan engineering drilling tools Co., Ltd. At present, the company has many kinds of drill bit series, such as oil drill bit, mining drill bit, engineering drill bit, fried dough twist drill bit and so on. Due to the continuous growth of world oil demand, oil exploitation is accelerating, which also directly drives the development of the oil bit industry. Therefore, the company relies on its absolute leading position in the industry to monopolize, and the rapid growth of its profits can be expected. Of course, the rise in oil prices needs a process to drive the oil bit industry, so the company seized the opportunity to increase the integration of the industry

during the reporting period, the company spent a lot of money to acquire 47% of the equity of Feida tools, the largest fried dough twist drill manufacturer in Asia, which means that the two giants in the drilling tool industry have achieved a strong marriage. Moreover, since last year, the company has also significantly increased its efforts to explore the international market where biodegradable composites are expected to change the fracture treatment and make it more profitable, so that the export volume has increased year-on-year. The semi annual report shows that the main business income and net profit of the company in the first half of the year increased by 29.9% and 26.7% respectively compared with last year. In view of the current good situation in the international oil bit market, it seems that the company will gradually enter a performance pressurization end, and safety measures should be taken, so the operation should be paid close attention to

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