ZPEC Participates in the Annual Report Collective Performance Briefing of Listed Companies in Shanghai Area


On May 10, 2023, the 2023 Annual Report Collective Performance Briefing of listed companies in the Shanghai area was successfully held. During the event, ZPEC participants briefly introduced to investors the company's production and operation in 2022. They also answered questions about corporate governance, development strategy, financing, and oil and gas block operations that investors were concerned about, and achieved good results.

Mr. Li Chundi, the Chairman and the General Manager of ZPEC Group, Mr. Du Jun, the Independent Director, Mr. Ye Jifeng, the Senior Vice President, and Mr. Shi Mingxin, the Secretary of the Board of Directors, attended the event.

The company's operating income in 2022 was 3.065 Billion Yuan (~USD443.77M), an increase of 73.98% over the same period last year. The net profit attributable to shareholders of listed companies was 503.3283 Million Yuan~USD72.95M), an increase of 580.35% compared with the same period last year. Both metrics demonstrate the best performance in the company's history. At the same time, the company's Drilling Engineering and Equipment Manufacturing sectors made breakthroughs in both domestic and foreign markets, and the total order value reached 2.885 Billion Yuan (~ USD418.12M), an increase of 505 Million Yuan (~USD73.19M), over the same period last year, an increase of 21.22% year-on-year.

In the investor exchange and questioning session, Mr. Ye Jifeng, the Senior Vice President of ZPEC Group, answered the company's financing situation, financial indicators, and other issues that investors were concerned about. Mr. Shi Mingxin, the Secretary of the Board of Directors of ZPEC Group, responded one-by-one to hot issues that investors were concerned about such as the company's development prospects and future development plans. He said that in 2023, ZPEC would continue to play a leading role in the exploration and production business, fully support the increase of reserves and production in oil and gas blocks, and achieve new breakthroughs in production capacity. He stated that the company would continue to regard oil service engineering as a priority development direction, and regard it as the foundation and core competitiveness of future business development. The company would continue to increase the high-end and intelligent research and development of equipment manufacturing, accelerate the implementation of digital transformation, promote the deep integration of digital technology and production and operation management, and promote the deep integration of new energy and traditional energy.       

By participating in this Performance Briefing, ZPEC narrowed the gap with investors, and enhanced the depth, breadth and effect of the company's interaction with investors, and better demonstrated and delivered the company's value.

The 2023 Annual Report Collective Performance Briefing of listed companies in the Shanghai area is jointly organized by the Shanghai Listed Companies Association and the Shanghai Stock Exchange Information Network Co., Ltd. A total of 41 Shanghai-listed companies and 14 Shenzhen-listed companies participated in this event.

(Wang Bingyu, Securities Affairs Department)


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