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Maker of oilfield equipment and services — fracturing pumps, drilling rigs — exported to shale and conventional oil producers worldwide.
Maker of oilfield equipment and services — fracturing pumps, drilling rigs — exported to shale and conventional oil producers worldwide.
Sells fracturing and drilling equipment to oil and gas operators, with orders tied to customers' drilling budgets, and also supplies oilfield services such as fracturing crews in China and overseas. A large share of its equipment is sold outside China.
In one line: A Chinese NOV/Halliburton-equipment hybrid.
Moat: narrow (cost advantage, process know-how). Cost-competitive fracturing/drilling equipment exported widely, competing with Western oilfield majors.
Headquarters: Yantai, Shandong, China · Founded: 1992 · Employees: 7,720
Size Yantai Jereh Oilfield Services (002353.SZ) is a China Energy company (Oilfield Services/Equipment) with a market value of $12.2B, the 203rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥79.44 on 6 Nov 2026.
Performance Over six months the shares fell 42.0%, against -10.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 13 in its peer set.
Growth Revenue grew 13.0% over the last twelve months (peer median +5.8%); the operating margin is 19.4% (peer median 18.1%).
Valuation It trades at 24.1× forward earnings against a peer median of 15.2× (2nd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.0 points above its cost of capital (10.5% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥17.8B | CN¥16.2B | CN¥13.3B | CN¥13.9B | CN¥11.4B |
| Revenue growth | — | +21% | -4% | +22% | — |
| Gross profit | CN¥6.30B | CN¥5.00B | CN¥4.39B | CN¥4.48B | CN¥3.69B |
| EBITDA | n/a | CN¥3.98B | CN¥3.44B | CN¥3.49B | CN¥2.77B |
| Net income | CN¥2.76B | CN¥2.68B | CN¥2.63B | CN¥2.45B | CN¥2.24B |
| Free cash flow | CN¥3.75B | CN¥4.52B | CN¥1.53B | -CN¥636M | -CN¥468M |
| Capital expenditure | CN¥1.13B | CN¥873M | CN¥1.08B | CN¥1.71B | CN¥1.53B |
| Total debt | CN¥5.83B | CN¥7.69B | CN¥7.28B | CN¥5.91B | CN¥5.75B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yantai Jereh Oilfield Services 002353.SZ | $12.2B | -42% | +13% | 19% | 24.1× | 14.8% |
| Halliburton HAL | $26.3B | -20% | +2% | 13% | 11.7× | -0.3% |
| NOV NOV | $6.26B | -9% | -1% | 6% | 14.8× | 6.8% |
| Weatherford International WFRD | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002353.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.5% | -8.4% | lowest of 13 |
| 6-month return | -42.0% | -10.4% | lowest of 13 |
| Distance from 52-week high | -55.0% | -23.5% | lowest of 13 |
| Revenue growth (TTM) | +13.0% | +5.8% | 5th highest of 13 |
| Operating margin | 19.4% | 18.1% | 6th highest of 13 |
| Forward P/E | 24.1× | 15.2× | 2nd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 14.8% | 1.3% | most demanding of 11 |
| Growth delivered (Del g) | +14.5% | +10.1% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | +0.4 pp | -9.6 pp | most demanding of 11 |
| ROIC minus cost of capital | +5.0 pp | +3.2 pp | 5th highest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yantai Jereh Oilfield Services 002353.SZ | China | $12.2B | -42% | +13% | 19% | 24.1× | 14.8% | +14.5% |
| Subsea 7 SUBC.OL | Norway | $9.71B | -5% | -2% | 13% | 12.4× | -2.4% | +17.7% |
| NOV NOV | United States | $6.26B | -9% | -1% | 6% | 14.8× | 6.8% | +7.6% |
| Weatherford International WFRD | United States | $6.12B | -17% | -6% | 14% | 13.4× | -4.0% | +5.9% |
| SBM Offshore SBMO.AS | Netherlands | $6.08B | -8% | +1% | 31% | 6.2× | -14.4% | +11.3% |
| TechnipFMC FTI | United States | $24.7B | -9% | +8% | 16% | 17.4× | 3.7% | +8.5% |
| Halliburton HAL | United States | $26.3B | -20% | +2% | 13% | 11.7× | -0.3% | +9.0% |
| Archrock AROC | United States | $4.83B | -25% | +4% | 39% | 13.8× | 2.8% | +11.2% |
| Cactus WHD | United States | $4.67B | +7% | +40% | 19% | 16.8× | 14.1% | +25.4% |
| Solaris Energy Infrastructure SEI | United States | $4.63B | -21% | +71% | 24% | 16.8× | n/a | n/a |
| Kodiak Gas Services KGS | United States | $4.21B | -40% | +8% | 33% | 17.0× | 9.3% | +19.7% |
| USA Compression Partners LP USAC | United States | $3.62B | -11% | +29% | 29% | 15.6× | -0.4% | +8.4% |
| Waterbridge Infrastructure LLC WBI | United States | $3.06B | -9% | +103% | 17% | 40.2× | n/a | n/a |