Jereh Group(002353)2024-07-11 12:25Group 1: Company Overview - Yantai Jerry Petroleum Service Group Co., Ltd. has established a significant international presence, with operations in over 70 countries and regions, leading to an overseas business revenue share of 46.85% as of the end of 2023 [3] - The company is actively promoting localization efforts in overseas markets, particularly in the Middle East, where it is constructing a new production and office base in Dubai [3] Group 2: Market Development - In the North American market, there is an increasing demand for equipment upgrades due to the nearing replacement cycle of existing devices, presenting new business opportunities [4] - The company has positioned itself in the clean energy equipment sector in North America, with a focus on electric-driven fracturing equipment, which has a high degree of localization and independence from overseas supply chains [4] Group 3: Unconventional Resources - Driven by national energy security strategies, there is a significant push to enhance oil and gas exploration and production in China, with a target of maintaining crude oil production above 200 million tons [4] - The company has initiated deep coal seam gas fracturing operations in Shanxi Province, utilizing advanced electric-driven fracturing technology to address geological challenges [4] Group 4: Lithium Battery Recycling - The company has launched a comprehensive solution for lithium battery resource recovery, achieving a recovery purity and rate of 98% through innovative processes [5] - A benchmark demonstration factory for lithium battery recycling is under construction in Zhengzhou, aiming to explore new business development models [5]