Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 85

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 85
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 typically possesses the following characteristics:

Adaptation to harsh environments: Oil field operations often occur in harsh conditions like high temperatures, low temperatures, high pressure, high altitudes, and dusty environments. Specialized equipment for oil fields needs to exhibit good durability and adaptability to ensure normal functioning in diverse environments.

Increased operational efficiency: The design and functionalities of oil field specialized equipment aim to enhance the efficiency and production capacity of oil field operations. For instance, drilling equipment needs efficient drilling capabilities, oil extraction equipment requires effective extraction capabilities, and transportation equipment needs efficient transport capabilities.

Provision of safety measures: Oil field operations involve complex workflows and high-risk operations. Specialized equipment for oil fields needs to provide corresponding safety measures to ensure the safety of personnel and equipment. For example, safety valves, explosion-proof devices, alarm systems, etc.

Data collection and monitoring: Oil field specialized equipment typically comes with data collection and monitoring systems used for real-time monitoring of equipment operational status, oil field process parameters, and other crucial information. These systems facilitate data analysis and fault diagnosis, contributing to improved equipment reliability and operational efficiency.

Environmental protection: The oil field specialized equipment industry increasingly focuses on environmental protection and sustainable development. Equipment needs to comply with environmental regulations, reduce waste and pollutant emissions, and enhance energy efficiency.

The goal of the oil field specialized equipment industry is to provide high-quality, reliable, efficient, and safe equipment and technological solutions to support smooth oil field operations, meeting the requirements for production efficiency, environmental protection, and safety during oil field development.

Survey data indicates that in recent years, the overall production of mainland China’s oil field specialized equipment industry has shown an increasing trend. From 2019 to the first half of 2023, the growth rate of mainland China’s oil field specialized equipment industry production ranged between -6% and 7%. It is forecasted that from 2023 to 2029, the growth rate of mainland China’s oil field specialized equipment industry production will range between 3% and 6%, indicating a positive industry outlook. In 2019, the revenue of mainland China’s oil field specialized equipment industry was RMB 10.737 billion, reaching RMB 11.412 billion in 2022. It is predicted that by 2029, the revenue of mainland China’s oil field specialized equipment industry will reach RMB 15.332 billion.

Source: Third-party information, news reports, interviews with industry experts, and research compiled by BoYan Consulting.

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