Sifangda: Overseas market expansion is gradually achieving results
Benefiting from the US oil and gas exploration boom, the export expansion is now effective: due to the gradual increase in US oil and gas production in recent years, the demand for PCD composites for oil and gas drilling consumables has increased. Due to the performance barriers, it takes a certain period for the company's products to expand into the new international supply chain. After several years of cultivation and expansion, the company gradually gained a certain share in the export market, and its performance has gradually improved since the beginning of this year. As a result, the company's third-quarter results showed a significant year-on-year growth, and the non-net profit increased by 15.15%~78.06%. . In view of the demand and technology-driven US oil and gas exploration boom cycle is expected to continue in the future, and the company as a leader in the field of super-hard materials, with technology and scale advantages, once the export market opens, will continue to benefit in the long run. In addition, it should be noted that due to the lack of improvement in the real estate boom in the third quarter, it is expected that the performance of the company's stone cutting and wood processing products will be difficult to change.
The cost-effective advantages of PCD composite sheets for medium and high-end oil and gas drilling in the foreign market are gradually reflected. The market development has achieved results and is gradually entering the supply chain system of foreign customers. At the same time, it is expected that the company will make significant progress in the integration of Zhengzhou Huayuan. On the one hand, it will help the company's performance to recover, on the other hand, it will accumulate experience for the company to extend downstream to the industrial chain.
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