Litong Technology (920225) disclosed investor research information detailing the recovery of oil pipeline orders and the progress of ultra-high pressure equipment

Luohe Litong Hydraulic Technology Co., Ltd. received a research delegation from several institutions including Kaiyuan Securities, Harvest Fund, Great Wall Fund, China Post Fund, Taikang Asset, Golden Eagle Fund, Beijing Fangyuan Jinding Investment Management Co., Ltd., Changjiang Securities, and Xinhua Fund at the Westin Hotel on Financial Street in Beijing on May 21. Mr. He Jun, the company's board secretary, participated in this reception activity. Regarding the order recovery situation for oil pipe-related businesses, the company stated: "Since March 2026, international oil prices have shown an upward trend. In the first quarter of 2026, the company's contract liabilities have significantly increased, mainly due to new orders for overseas oil pipe business, indicating a recovery growth trend in the company's oil pipe product orders, and the overall operating situation is gradually improving." Regarding the revenue situation of marine hose-related businesses and the competitiveness of API 17K marine pipes, the company stated: "Currently, the revenue from the company's oil pipe series products mainly comes from the land oil and gas extraction field, while the marine oil and gas field accounts for a relatively small proportion. To further enrich the company's oil pipe series products and enhance the sales scale of oil pipe series products in the marine oil and gas field, the company has invested in the construction of a specialized marine hose production line. Marine oil pipe products have successfully won the bid for the Dongfang 1-1 gas field CCUS enhanced recovery project (jetty hose), and the related products of this project are currently being produced as planned." "The company will fully leverage the technical advantages of its flagship product, acid fracturing hoses, in terms of lightweight design and structural design, continuously optimize the performance indicators of marine hose series products, and enhance the market competitiveness of marine hoses. Against the backdrop of China's vigorous development of the deep-sea economy and the continuous improvement of the localization rate of equipment matching in China, the company is optimistic about the future market space for marine pipes and will rely on proprietary production lines and winning projects to continuously expand marine oil pipe-related businesses, striving to enhance the market sales scale in the marine oil hose field." Regarding the progress of isostatic pressing equipment related products in the ultra-high pressure equipment business, the company stated: "Currently, the company's isostatic pressing equipment (vertical testing machine) has successfully come off the production line, and the subsequent material testing work will be orderly promoted to continuously verify equipment performance, optimize equipment parameters, and ensure that the equipment meets industry application standards. At the same time, the assembly work of the isostatic pressing equipment (horizontal pilot machine) is steadily advancing. The company will closely monitor industry development trends and cutting-edge technologies to accumulate experience for equipment iteration optimization and performance upgrades." Regarding the current shipment situation of ultra-high pressure (HPP) equipment and the 2026 target, the company stated: "Based on the current order reserves and market development plans, the company strives to achieve a delivery target of 10-12 ultra-high pressure (HPP) equipment in 2026. In the first quarter of 2026, the company has successfully shipped 3 ultra-high pressure (HPP) equipment; as of now, the company has completed the assembly and debugging of 2 new ultra-high pressure (HPP) equipment, and the next step will be to actively connect with customers to promote the equipment delivery process." Regarding the current customer base of ultra-high pressure (HPP) equipment and future market expansion directions, the company stated: "The current customer base for the company's ultra-high pressure (HPP) equipment mainly consists of enterprises in the juice beverage production field, and the company is also actively expanding its customer base in the food processing field, such as enterprises producing flavored snacks like boneless chicken feet and duck paws." "The company will strengthen early cooperation with potential application customers based on the development of traditional businesses, such as helping customers complete early product research and development by deploying small experimental equipment, and signing strategic cooperation agreements with raw material suppliers and downstream production enterprises, to jointly carry out process and HPP product production line research and development, and engage in deeper industrial chain cooperation with customers. When customers' industrialization is implemented, the company will actively facilitate the landing of related orders." Regarding the types of customers and application fields for liquid cooling pipes, the company stated: "The company's liquid cooling pipes are mainly used in components related to data center liquid cooling systems, and the customer types are mainly supporting enterprises in related fields." According to Longbridge, the company has been deeply involved in the fluid industry for over twenty years, with a rich product range covering hydraulic hoses, oil drilling hoses, rubber-plastic composite industrial hoses, ultra-high pressure resin hoses, fluid connectors, and soft and hard pipe assemblies. In the development process, the company has continuously extended and supplemented its supply chain, gradually improving its industrial layout, and steadily expanding its polymer materials sector, such as material blending, material recycling and modification, specialty rubber and rubber-plastic products, and extending to the ultra-high pressure equipment and service sector, which includes ultra-high pressure HPP food sterilization equipment and application services, municipal engineering equipment, and comprehensive governance services for municipal pipelines