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Abstract The recent results from the second round of shale gas exploration rights bidding have significantly boosted the performance of Jiang Diamond Co., Ltd., a leading oil drilling equipment manufacturer based in China's Optics Valley. On the 22nd, the company reported strong financial results for the past year, with total operating revenue reaching 1.8 billion yuan and a net profit of 150 million yuan, representing a 9.2% year-on-year growth.
Jiang Diamond, known as Asia's largest oil drill manufacturer, attributed its success to increased sales of petroleum machinery products in both domestic and international markets. Additionally, the company saw a notable rise in revenue from its natural gas-related products, which played a key role in driving overall performance.
According to the company, this growth is driven by continuous innovation and expansion of its product portfolio. In 2012, Jiang Diamond leveraged its technological expertise to stay ahead of market trends and advancements in drilling technology. The company focused on enhancing its diamond drill series, strengthening its presence in both domestic and global markets.
Notably, the production yield of its new roller bit products reached as high as 38%, demonstrating the company’s commitment to quality and efficiency. These developments not only solidified its market position but also positioned it as a key player in the evolving energy sector.
As the demand for shale gas and advanced drilling solutions continues to grow, Jiang Diamond is well-positioned to capitalize on these opportunities and maintain its competitive edge in the industry.