Shandong Molong Petroleum Machinery Co., Ltd. Class A
0.46
EUR
+0.02
(+5.07%)
ISIN
CNE1000001N1
Return %
Stock
S&P 500
1Y
-15.56
14.20
3Y
48.05
81.12
5Y
-1.30
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Gao Gui Han
- Full Time Employees
- 1,268
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- No. 999 Wen Sheng Street Shouguang SD China 262700
- IPO Date
- Apr 15, 2004
- Website
- molong.cn
- Similar Companies
- Business
- Shandong Molong Petroleum Machinery Company Limited engages in the design, research and development, processing, manufacturing, sales service and export trade of products for the energy equipment industry in the People's Republic of China and internationally. The company operates through Pipe Products, Three Kinds of Pumping Units, Petroleum Machinery Parts, Tube Blanks, High-end Castings and Forgings, and Others segments; it offers oil casings and drill pipe bodies; pipeline, boiler, fluid conveying, hydraulic support, gas cylinder, and structural pipes including API and non-API casing products, line pipe products, precision steel pipes, hydraulic prop tubes, fluid pipes, cylinder tubes, and boiler tubes; three drawing equipment and accessories; sucker rods, oil pumps, oil pumping units, petroleum machinery accessories, and downhole tools such as tubular, multi-functional, inclined well, sand preventing, and feedback pumps, electric submersible pumps, and liquid injection pumps; precision casting and forging products including large ball valve bodies, mud pump liners, floating ball valves, cylinder liners, and gate valves; and other items such as special equipment for metallurgy. Shandong Molong Petroleum Machinery Company Limited was founded in 1986 and is headquartered in Shouguang, Shandong Province, China, with exports to markets including America, Russia, the Middle East, Southeast Asia, Central Asia, North Africa, and South America; its products serve oil and natural gas, shale gas, coalbed methane, coal mining machinery, boiler manufacturing, engineering machinery, energy drilling, urban pipeline networks, and wind power casting sectors, with major domestic customers encompassing PetroChina, Sinopec, CNOOC, and Yanchang Petroleum. In recent developments, the company signed a technology implementation license contract with Hebei Xinggang Technology Co., Ltd. for its proprietary HIsmelt furnace rehabilitation metallurgical technology, which has reached international leading levels and is positioned for broader application as a new profit growth point; it advanced new product developments including special buckling tubing and casing, three-time thickening special threads, long plunger anti-scaling travelling barrel pumps, eccentric-valve pumps, feedback heavy crude pumps, double-seal pumps, anti-corrosion sucker rods, and medium-carbon alloy steel sucker rods while optimizing line pipe materials and heat treatment processes to enhance efficiency and reduce costs; additionally, Wuhu Zhiying Project Investment Partnership completed the acquisition of a 70% stake in subsidiary Shouguang Baolong Petroleum Equipment Company, and the company relocated its registered address to No. 99 Xingshang Road, Gucheng Street, Shouguang City in June 2022 following shareholder approval.