- CEO
- Xu Wang
- Full Time Employees
- 2,843
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- Information Park Chengdu SI China 610036
- IPO Date
- Mar 7, 2008
- Business
- Honghua Group Limited functions as an investment holding entity, specializing in the entire lifecycle of land drilling rigs, from research and development to their manufacture, assembly, and worldwide distribution. The company structures its extensive operations across several key areas: land drilling equipment, various parts and associated components, drilling engineering services, fracturing solutions, and offshore engineering. It develops and produces a comprehensive array of land drilling systems, including advanced intelligent, polar, desert, and rapid-moving rigs, along with specialized artificial island and electric workover units. Complementing these systems, Honghua manufactures essential rig components such as mast and substructure assemblies, hoisting and rotating systems, high- and low-pressure mud equipment, and a full spectrum of electrical components like variable frequency drive and silicon controlled rectifier systems, drilling motors, and well site electrification. The company also provides a wide range of oil and gas field engineering and technical services, encompassing well drilling, directional drilling, and seismic surveys for major global energy companies. Furthermore, it offers integrated fracturing services, including electric fracturing equipment and comprehensive power supply solutions. Extending its capabilities to marine environments, Honghua designs and builds offshore drilling modules and platforms while increasingly focusing on new energy initiatives like offshore wind power, photovoltaic integration for oil and gas applications, and energy storage systems. Recent strategic initiatives highlight a commitment to smart drilling technology and all-electric shale gas solutions. The Group serves clients across China, the Americas, the Middle East, Europe, Africa, and various parts of Asia. Founded in 1997, Honghua Group Limited is headquartered in Chengdu, People's Republic of China, and has become a prominent global provider in its field.