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For shale gas, Xie Yongjin said that China's shale gas reserves are abundant, but it is much more difficult to mine than the United States. The shale gas in the United States is distributed in flat areas. China is mainly distributed in the southwestern region. The mountainous terrain is complex; the underground rock formations are relatively complex and the abundance is different, which makes the mining in China difficult and costly. Jiangdeng's products have advantages in construction under complex geological conditions, but at present, China is still in the research stage. There will be a long process to achieve large-scale and commercial operation, so it has little impact on the company's performance.
Wang Yibing, director of Jiang Diamond Co., Ltd., said that among the two core products of the company, the roller cone bit has a market share of 80% of the country and has an absolute advantage. However, due to its relatively simple processing technology, diamond drill bits have many competitors in the market. In 2012, Jiang Diamond's operating income was 1.84 billion yuan, a year-on-year increase of 16%, and a net profit of 130 million yuan, an increase of 25%.
Jiang Diamond shares: flammable ice, shale gas has little effect on the company
Abstract On March 18th, Jiang Diamond Co., Ltd. (000852) held the 2012 Annual General Meeting of Shareholders. After the meeting, Xie Yongjin, the vice chairman of the company, said that the mining of combustible ice is very different from the exploitation of oil and natural gas. Just the research phase, the purpose...
On March 18th, Jiang Diamond Co., Ltd. (000852) held the 2012 Annual General Meeting of Shareholders. After the meeting, Xie Yongjin, the vice chairman of the company, said that the exploitation of combustible ice is very different from the exploitation of oil and natural gas. Now it is only At the research stage, it is not clear whether Jiang Drill's products will be used, so it has no effect on the company's operations, but the company is very interested in this.