Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) Bundle
Born in 1999 and listed on Shenzhen Stock Exchange as 002353.SZ, Yantai Jereh Oilfield Services Group has grown into a global solutions provider with operations in over 70 countries and a workforce of more than 6,000 employees, driven by a mission to solve customers' toughest pressures, a vision "to be an enterprise respected by people all around the world," and core values centered on sincerity, customer focus and continuous improvement; the company's portfolio-drill rigs, cementers, frac spreads, coiled tubing units, nitrogen pumpers and natural gas equipment-is backed by over 1 billion yuan invested in R&D since 2016, 18 subsidiaries, 16 R&D centers across China, the U.S. and Canada, a sustained R&D allocation of at least 5% of annual revenue, ambitions for expansion into Africa and Latin America, a target client retention rate above 90% and environmental commitments such as a planned 15% carbon emission reduction by 2025.
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) - Intro
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) is a Yantai-headquartered oilfield equipment and services provider founded in 1999 and listed on the Shenzhen Stock Exchange. The company delivers integrated solutions across drilling, well intervention, completion, and environmental management, serving upstream and midstream players worldwide.- Founded: 1999
- Stock ticker: SZ: 002353
- Headquarters: Yantai, Shandong, China
- Global footprint: operations in over 70 countries and regions
- Employees: more than 6,000 worldwide
- Subsidiaries: 18
- R&D centers: 16 (China, USA, Canada)
- R&D investment: over ¥1 billion since 2016
| Category | Detail |
|---|---|
| Core Businesses | Drill rigs, cementing units, frac spreads, coiled tubing, nitrogen pumpers, natural gas equipment, environmental treatment |
| Geographic Reach | Active in 70+ countries and regions across Asia, Middle East, Africa, North & South America, and Europe |
| Human Capital | 6,000+ employees including engineering, field operations, and international sales teams |
| Innovation Footprint | 16 R&D centers; >¥1 billion invested in R&D since 2016; product development spanning drilling and environmental tech |
| Corporate Structure | 18 subsidiaries covering manufacturing, service delivery, and overseas branches |
- Key product lines:
- Drill rigs (land and modular units)
- Cementing and well-completion equipment
- Frac spreads and stimulation support
- Coiled tubing units and nitrogen pumpers
- Natural gas compression and processing equipment
- Environmental remediation and produced water treatment systems
- R&D & testing capabilities:
- 16 centers with cross-border engineering teams (China, USA, Canada)
- Investment focus: equipment digitalization, reliability engineering, emissions reduction, and efficient fracturing/well intervention technologies
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) - Overview
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) centers its corporate purpose on solving customers' technical and operational pressures by delivering competitive, value-maximizing solutions across the oilfield services value chain. This customer-centric mission drives strategic choices in R&D, market expansion, partnerships and service portfolio development.- Mission statement: 'Focus on customers' challenges and pressures, and provide competitive solutions that create maximum value for them.'
- Customer focus: Tailored solutions for upstream drilling, well services, production equipment and integrated project delivery.
- Strategic markets emphasized: Africa and Latin America for near‑term expansion due to growing demand in oilfield services.
| Metric | Value / Target | Relevance to Mission |
|---|---|---|
| R&D reinvestment | At least 5% of annual revenue | Enhances service competitiveness and tailored solutions |
| Strategic equity investment | 40% stake in a drilling technology firm | Expands technology base and service capabilities |
| Client retention goal | Over 90% | Indicator of customer satisfaction and long-term value delivery |
| Target regions for growth | Africa, Latin America | Markets with expanding demand for oilfield services |
| Stock ticker | 002353.SZ | Public listing supporting capital access for growth and R&D |
- Core strategic actions aligned with the mission:
- Continuous investment in R&D to sustain product and service differentiation.
- Targeted geographic expansion into high-growth regions (Africa, Latin America).
- Partnerships and acquisitions to secure advanced drilling and well technologies.
- Operational focus on achieving and maintaining >90% client retention.
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) - Mission Statement
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) states a mission centered on delivering safe, efficient and innovative oilfield equipment and services while earning global respect through sustained technical leadership, responsible operations, and long-term value creation for stakeholders. The corporate mission underpins strategy across R&D, international expansion, environmental management, and brand-building initiatives that support Jereh's stated vision "to be an enterprise respected by people all around the world."- Deliver advanced oilfield equipment and integrated services that improve customer performance and reduce environmental impact.
- Expand and sustain a global service network to provide rapid, localized support to international clients.
- Drive continuous innovation through R&D investment and strategic technology partnerships.
- Operate with high standards of corporate governance, safety, and environmental stewardship.
| Metric | Data / Status |
|---|---|
| Corporate Vision | "To be an enterprise respected by people all around the world" |
| Global Footprint | Subsidiaries and service bases in over 50 countries and regions |
| Environmental Target | Reduce carbon emissions by 15% by 2025 (company commitment) |
| Public Recognition | Awards include "Forbes China's Best Public Enterprise" and "Most Respected Listed Company in China" |
| Stock Ticker | 002353.SZ (Shenzhen Stock Exchange) |
| Founding | Headquartered in Yantai, China - established as an oilfield equipment and services provider |
- R&D and technology: continued investment in modular and digital oilfield solutions to support long-term competitiveness.
- Internationalization: service bases in 50+ countries to shorten response times and deepen local partnerships.
- Sustainability: explicit carbon reduction target (-15% by 2025) integrated into operational planning.
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) - Vision Statement
Yantai Jereh Oilfield Services Group Co., Ltd. (002353.SZ) anchors its corporate vision in sustained technological leadership, customer-centric service expansion, and responsible environmental stewardship. The company's strategic priorities translate its mission into measurable commitments: investing in innovation, expanding a global service network, and embedding sincerity and employee dedication into daily operations.- Focus on customer needs: tailor-made solutions across upstream and midstream oilfield services, with integrated product-service systems to maximize client asset value.
- Value employee dedication: building career-long capabilities through internal training, cross-border rotations, and innovation incentives.
- Continuously improve to be the best: systematic R&D investments, process optimization, and quality management to drive operational excellence.
- Sincerity as cultural cornerstone: transparency, long-term client relationships, and ethical compliance underpinning all operations.
| Metric | Figure / Description |
|---|---|
| Listed Stock Code | 002353.SZ |
| R&D centers (global) | 16 |
| Minimum annual R&D investment | At least 5% of annual revenue |
| Global footprint | Subsidiaries and service bases in over 50 countries and regions |
| Corporate culture cornerstone | Sincerity |
| Recognition for environmental efforts | Selected as a national 'little giant' corporation for environmental preservation initiatives |
- R&D-driven product pipeline: continuous enhancement of drilling, completion, production, and environmental protection technologies supported by the 16 R&D centers.
- Customer proximity: localized service bases in key hydrocarbon provinces to shorten lead times and improve after-sales responsiveness.
- Environmental commitment: technology and service offerings designed to reduce emissions, improve waste handling, and support clients' ESG targets-factors behind national recognition.
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