Shandong Molong is a state-controlled A+H listed company specializing in energy equipment manufacturing and services. Founded in 1987, and with nearly 40 years of development, the company has grown into a listed enterprise integrating R&D, design, processing, manufacturing, sales, and export of petroleum machinery. It was listed on the Hong Kong Stock Exchange in April 2004 and on the Shenzhen Stock Exchange in October 2010. In 2021, it became state-controlled with a controlling stake of 29.53%. In 2025, the company achieved an annual output of 400,000 tons, a year-on-year increase of 65%, and recorded operating revenue of RMB 1.8 billion, up by 30% year-on-year. It returned to profitability in 2025, completely reversing nearly a decade of consecutive losses. From January to May 2026, the output reached 240,000 tons, a 90% year-on-year increase, and operating revenue reached RMB 1.02 billion, a 73% year-on-year increase, demonstrating strong vitality.

The company's main products include hydrogen sulfide corrosion-resistant tubing, high-strength crush-resistant tubing, carbon dioxide corrosion-resistant tubing, thermal recovery well tubing, high-strength and high-toughness tubing, high-gas-tightness tubing, anti-torsion and anti-sticking tubing, precision rolled tubing; sand control pumps, deviated well pumps; intelligent sucker rods, high-strength corrosion-resistant sucker rods, and anti-torsion sucker rods for screw pumps, etc.

In recent years, focusing on high-quality development, product quality improvement, safety compliance, and sustained production capacity, the company has strengthened internal management, vigorously pursued cost reduction and efficiency enhancement, adjusted its sales strategy, and maintained a sound and robust growth momentum, with significantly improved operational capability.