Shandong Molong Petroleum Machinery Company Limited
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Shandong Molong Petroleum Machinery Co., Ltd. is a listed company specializing in the design and research, processing and manufacturing, sales services, and export trade of petroleum machinery. Its products mainly include oil pipes, casings, seamless oil pipes, sucker rods, oil pumps, pumping units, submersible pumps, injection pumps, and various downhole tools. It is a qualified supplier of China's four major petroleum group companies and one of the four outstanding suppliers of China Petroleum's Class I products. The company was founded in 1986 and entered the petroleum machinery industry in 1987. In 1994, Shandong Molong Group Corporation was established, and in 2001, Shandong Molong Petroleum Machinery Co., Ltd. was approved by the Shandong Provincial Government. On April 15, 2004, Shandong Molong H-share was successfully listed on the ChiNext board of the Hong Kong Stock Exchange, becoming the first private enterprise in Weifang City and the first domestic company in the same industry to be listed overseas. On February 7, 2007, Shandong Molong successfully transferred from the H-share ChiNext to the main board, becoming the first successful H-share company among 134 Hong Kong ChiNext H-share companies. On October 21, 2010, Shandong Molong A-share was listed on the Shenzhen Stock Exchange, becoming the first H-share company to return to the Shenzhen Stock Exchange. The company owns two stocks: A+H (A-share code: 002490, H-share code: 00568). In 2012, Molon acquired Rio Tinto Group's HIsmelt technology. Since 2013, it has continuously invested a large amount of funds to establish a HIsmelt technology production factory. Compared with traditional smelting processes, this process has revolutionary advantages in environmental protection, automation, cost, and products. In May 2018, the China Metal Association organized domestic experts in the casting and forging industry to evaluate the technological achievements of this technology. After evaluation by participating experts, the technology was recognized as an internationally leading technology. Shandong Molong prioritizes product quality and invests a large amount of funds every year to establish and improve various inspection and monitoring methods, ensuring product quality from multiple aspects. Shandong Molong passed the ISO9001 international quality system certification earlier, and in 2009, it passed the ISO14001 and OHSAS18001 management system certifications. The leading product has been approved to use the petroleum industry emblem, which has obtained a pass for the company to smoothly enter the domestic and foreign oil field markets. The oil casings, valves, mud pump cylinder liners, stainless steel precision castings, petroleum "three extraction" equipment and accessories produced are sold well in major oil producing regions around the world, such as Europe, America, and the Middle East, and are highly praised by domestic and foreign merchants. Molong focuses on technological innovation and research and development. In recent years, Shandong Molong has obtained more than 70 patents and more than 70 products have been included in provincial-level technological innovation projects in Shandong Province. In December 2009, entrusted by the Shandong Provincial Department of Science and Technology, Shandong Molong established the "Shandong Petroleum Special Pipe Engineering Technology Research Center". In 2010, with the approval of the Ministry of Human Resources and Social Security of the People's Republic of China, a postdoctoral research workstation was established, becoming the "first postdoctoral research workstation in the same industry in China". With strong scientific research strength, the company's technology center was recognized as a provincial-level enterprise technology center in Shandong Province. Honesty and entrepreneurship as the foundation, and giving back to society as pride "is the unchanging creed of Shandong Molong. Shandong Molong regards social public welfare as an important content of the party and the masses to jointly build and strive for excellence, and has the courage to shoulder its social responsibility, which has shown remarkable performance in the construction of new rural areas. In 2008, founder Zhang Enrong and several Hetuan people donated over 3 million yuan to help Hetuan Village dig wells, build roads, and build a cultural activity center. The company also paired up with Nanshao Yicun for assistance and provided certain funds to support the new rural construction of the village. In 2011, the company was awarded the honorary title of "Most Caring Charitable Enterprise" by the People's Government of Shouguang City. In 2018 and 2019, when Shouguang was hit by a strong typhoon disaster, the company donated over 2 million yuan and hundreds of thousands of yuan in supplies over two years for local flood relief and post disaster reconstruction work, which was highly praised by the municipal party committee, government, and local people. Shandong Molong adheres to the principle of "inspiring the masses, gathering wisdom, gathering virtue, and creating a diverse industry". Through scale expansion, the production chain continues to extend, and economic benefits have achieved continuous leaps and bounds. Its industry influence continues to improve, and it has entered the ranks of Shandong Province's top 100 mechanical industry enterprises, Weifang City's top 100 enterprises, and Shouguang City's super large enterprises, ranking first in the Shandong Province's petroleum machinery industry. Shandong Molong has won multiple honors, including "Shandong High tech Enterprise", "Best Credit and Integrity Customer in Shandong Banking Industry", "A-level Integrity Tax Payment Enterprise", "Agricultural Bank of China AAA Credit Enterprise", and "Leading Enterprise in China's Industrial Industry". The Molong trademark has been awarded the famous trademark of Shandong Province, and the product has become a key export brand for cultivation and development in Shandong Province.Shandong Molong will rely on the company's established good reputation and stable position in the petroleum machinery market to further increase investment in technological research and development, expand the production capacity of high-grade petroleum specialized pipes, adjust product structure and improve overall performance, continuously extend the production chain, provide high-quality products for oilfield users, bring more ideal returns to investors, and continue to maintain the advantage of rapid development, Committed to becoming an internationally renowned petroleum equipment manufacturing service provider. |
| Headquarter | Weifang |
| Establish Date | 12/30/2001 |
| Listed Code | 002490.SZ |
| Listed Date | 10/21/2010 |
| Chairman | Yuan Rui. |
| CEO | Li Zhixin. |
| Website | www.molonggroup.com |
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