Shenkai Petroleum Equipment Co. (SKPE)

Shanghai Shenkai Petroleum & Chemical Equipment Co., Ltd. (hereinafter referred to as Shenkai), established in 1993, is a listed enterprise (stock code: 002278) specializing in petroleum equipment R&D, manufacturing, sales and engineering technical services. Shenkai has a number of specialized subsidiaries under its wing, and their products have kept pace with the world and maintained domestic leading positions in the petroleum industry. The Company is one of the few domestic major suppliers of oil and gas equipment with a full industrial chain of exploration, drilling and refining, and also one of the few core providers in China that can provide the trinity engineering services of mud logging, well logging and directional wells. Providing customers with safe, efficient and high-quality products is the brand concept that Shenkai has long upheld. At present, the Company has become the main supplier of PetroChina, Sinopec, and CNOOC, with its business covering all major domestic oil and gas fields and products being exported to more than 50 countries and regions such as the Americas, the Middle East, Central Europe, Central Asia, South Asia, and Africa. Looking into the future, Shenkai will transform to high-tech in an all-round way, take scientific and technological innovation as the guidance, use digital technologies such as cloud computing, big data, 5G, artificial intelligence, etc., to meet customer needs, transform and improve product functions, realize the networking, intelligence, and remoteization of products, open up the data chain between various industries, form an integrated solution, transform from a core equipment provider in the domestic oil industry to an integrated solution provider for well sites in the oil industry, promote the development of the industry and ultimately realize its self-worth.