Shandong Molong Petroleum Machinery Company Limited

Shandong Molong Petroleum Machinery Company Limited is a state-controlled listed company on the Main Board of the Shenzhen Stock Exchange, specializing in the design, research and development, processing, manufacturing, sales services, and export trade of energy equipment. Founded in 2010, the company primarily serves the energy equipment industry, producing a range of machinery and equipment used in petroleum and natural gas exploration, transportation, and exploitation. Its products are utilized across various sectors, including shale gas, coalbed methane, hydrogen energy, and oil refining. The company's main business lines include the production of pipe products such as oil pipes, casing, and pipeline pipes, which are expected to account for over 90% of its operational revenue by 2025. Shandong Molong has established a robust sales network and employs a centralized procurement model to ensure quality and efficiency in its operations. The company is recognized as a qualified supplier for major oil conglomerates in China and has made significant investments in research and development, focusing on innovative energy equipment solutions that meet the demands of both domestic and international markets.

1. Strength in brand name The Company is an A + H state-controlled listed company that specialises in the design, research, processing and manufacturing, sales services and export trade of energy equipment. The Company is also a qualified supplier of the four largest oil conglomerates in China. The Company has always adhered to its corporate spirit of“loyalty, integrity, dedication, and innovation”. Through expansion of scale and extension of production chains, the Company has gained a good reputation and a solid position in the energy equipment sector. The“Molong”trademark of the Company has been named as a famous trademark of Shandong Province, and the products of the Company have become a key export brand for nurturing and development in Shandong Province . In recent years, the Company has made vigorous efforts to enhance product quality, increased follow-up service efforts and continuously provided customers with high-quality after-sales service, further shaping a good brand image for the enterprise. 2. Strength in technological research and development and innovation The Company has a strong research and development ability in the field of special equipment for energy equipment, has undertaken more than 80 national and provincial-level scientific research projects, owns such innovation platforms as Shandong Provincial Enterprise Technology Center, Shandong Provincial Engineering Technology Research Center of Special Pipes for Petroleum, National Accredited Laboratory (CNAS) and Weifang Petroleum Machinery Engineering Technology Research Center and is a high-tech enterprise and a leading enterprise in China’s energy equipment base; the Company has been rated as a National Intellectual Property Demonstration Enterprise and has been recognized as an“outstanding scenario of provincial-level intelligent manufacturing in Shandong Province”, a“Green Factory” at the municipal level of Weifang and an“Intelligent Factory” at the municipal level of Weifang. The Company continued to intensify its efforts in new product research and development as well as school-enterprise cooperation organized the application for 27 patents and newly obtained 12 authorized patents in 2025. The Company actively promotes cooperation with well-known domestic universities and related institutions as well as has jointly completed the research on the related technologies of ultra-deep well casing and applied for the project of central government guiding local funds in Shandong Province with Beijing Jiaotong University and completed the application for the Guangdong Province technological innovation project on the research of anti-fouling technology of nano-coating for oil pipes with such institutions as Zhanjiang Bay Laboratory in the field of cutting-edge technologies (such as new materials). 3. Strength in special products The Company has been focusing on the field of energy equipment manufacturing. It has researched and developed a series of energy equipment products with independent intellectual property rights, featuring high strength, high gas-seal integrity, corrosion resistance, low-temperature resistance, intelligentisation, and greenisation, suitable for special working conditions, including shale oil and gas, deep-sea oil and gas, deep coalbed methane, gas storage facilities and ultra-deep wells, such as the Molong series of high sealing special thread oil casings, direct connection oil casings and stairs thread oil tubings; casings with rapid connecting structure for ocean drilling; high-performance, collapse-resistant, corrosion-resistant, oil casings in special sizes for underground environments with harsh geological conditions. Our special sucker rods, anti-twist sucker rods series for screw pumps, intelligent sucker rod systems and special-purpose oil pump series are widely used in domestic and overseas oil field markets. The efforts in the R&D of special products and improvement in technical know-how will help to enhance the Company’s comprehensive competitiveness in the industry. 4. Strength in product quality The Company attaches importance to product quality management and has established an independent Quality Management Department. The inspection, testing and other monitoring and measurement equipment are well equipped. The Company has passed the ISO9001 international quality system certification, ISO14001 environmental management system certification and ISO45001 occupational health and safety management system certification relatively early. The leading products (including oil casing, pipeline tubes and sucker rods) have passed the American Petroleum Institute logo certification and been awarded with API Q1 certificate, with a pass obtained for the Company to smoothly enter the domestic and international oilfield markets. The Company’s experimental center has also passed the CNAS national laboratory accreditation. The scope of accreditation covers such inspection items as corrosion testing, metallographic test, tensile test and impact test. The inspection and testing capabilities meet the needs of the Company’s various products. A comprehensive quality assurance system ensures the Company’s products sell well in the world’s major oil-producing regions and earn high praise from domestic and international customers. In recent years, the Company continued to increase investment in equipment upgrades, introduced more than ten new intelligent robotic units, upgraded and renovated key processes in production equipment, which further improved production efficiency and strengthened product quality. 5. Market advantages Based in China and facing the world, the Company has established a long-term, stable, fast and effective sales service network and established a loyal, lasting and win-win cooperative relationship with a large number of customers after many years of development. The Company’s main domestic market customers are oil and gas companies (such as China National Petroleum Corporation (CNPC), SINOPEC, China National Offshore Oil Corporation (CNOOC) and Shaanxi Yanchang Petroleum (Group) Co., Ltd.) and the customer base is relatively stable; the overseas market covers more than 50 countries and regions (such as the Middle East, Southeast Asia, Central Asia, Africa and South America). In 2025, the Company has passed the qualification certification of relevant oil or gas companies in such countries as Qatar, Kuwait, Chile, Turkey, Oman, Philippines and developed 5 new market regions and 29 new customers in terms of overseas market; has passed the product certification of NCS Research Institute and developed 1 new market area and 26 new customers in terms of domestic oilfield market; passed the certification of China Classification Society and obtained the type test certificate for 5,312 standard boiler tubes and developed 3 new market regions and 41 new customers in terms of general pipe market. The Company’s marketing team is constituted by professionals in international trade and marketing with rich experience and strong business capabilities. It has certain advantages in the marketing of energy equipment products. In 2025, the Company established a Middle East office in the United Arab Emirates, forming an overseas sales pattern integrating“production + service + trade”, which has laid a solid foundation for further expansion into overseas markets.