Shandong Molong Petroleum Machinery Company Limited (0568.HK)

1.180 +0.040 (+3.51%) At close: 03:37PM HKT

Shandong Molong Petroleum Machinery Company Limited

Building 19
8th -10th Floor Corporate Headquarters Complex Shengcheng Street
Shouguang 262700
China
86 53 6510 0890
https://www.molonggroup.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full-time employees: 1,941

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rui Yuan	Executive Chairman of the Board	N/A	N/A	1987
Mr. You Ling Yao	GM & Executive Director	405.41k	N/A	1963
Mr. Yun Feng Hao	Deputy GM & Financial Controller	381.34k	N/A	1973
Mr. Quan Jun Zhang	Deputy GM & GM of Sales	472.21k	N/A	1970
Mr. Xiao Tong Zhao	Deputy GM, Secretary to the Board & Executive Director	432.78k	N/A	1991
Mr. Yun San Zhang	Co-Founder	N/A	N/A	1962
Zhi Shui Ding	Head of Accounting Department	N/A	N/A	N/A
Mr. Wing Nang Chan A.C.A., ACA, C.P.A., CPA	Company Secretary	N/A	N/A	1961

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Shandong Molong Petroleum Machinery Company Limited engages in the design, research and development, production, and sale of products for the energy equipment industry in the People's Republic of China and internationally. The company operates through Pipe Products, Three Kinds of Pumping Units, Petroleum Machinery Parts, Tube Blank, Castings and Forgings, and Others segments. The company's products include API and non API casing products, line pipe products, precision steel pipes, hydraulic prop tubes, fluid pipes, cylinder tubes, and boiler tubes; sucker rods; and valve body, cylinder liners, gate valves, and billet products. Its products are used in the manufacturing of equipment for oil and gas energy drilling, machinery processing, urban pipeline network and wind power castings. In addition, the company engages in the research of new materials for energy equipment; production and sale of metal casting and forging; sea water desalination activities; waste heat and gas power generation activities; and manufacture and sale of special equipment. Shandong Molong Petroleum Machinery Company Limited was founded in 1986 and is based in Shouguang, China.

Corporate governance

Shandong Molong Petroleum Machinery Company Limited’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.