Shandong Molong Petroleum Machinery Company Limited was converted into a limited company from Shandong Molong Holdings Company in 2001. It specialises in the design, research and development, processing and manufacturing, sale and export of petroleum machinery. Its major products include sucker rod, Sub-surface Sucker Rod Pump, pumping unit, Electric Submersible Pump, fluid injection pumps, tubing, casing, special seamless tubing and various tools used inside oil wells. Nowadays, the Company has become a designated manufacturer of multi combination Sub-surface Sucker Rod Pump and special petroleum pumps for PetroChina Sales Company and Sinopec Materials Resources Market. Recognized as a High New Technology Enterprise in Shandong Province, the Company is one of the major large-scale private enterprises actively supported by the Shouguang City. Earlier we has passed the ISO9001 quality assurance standards. Its major products have also been granted the license to use the API Monogram. It has developed a total of 16 provincial products and 3 national products, and has been granted 12 national patents. Its mud pump liners & sleeves and valves have won acclaims from overseas customers and enjoy remarkable export sales in the US, Canada, Korea and Middle East.

Shandong Molong (stock code: 8261) was successfully listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited on 15 April 2004. It has stepped into the second spring in corporate development. The near-term objective of Shandong Molong is to leverage on the solid reputation and leading position it has built up in the petroleum machinery market over the years to enhance its product development capability and productivity, as well as speed up the development of new products, particularly the research and development of super-strength sucker rods, special seamless tubing and casing. Besides, the Company will also actively expand its sales network and further extend its reach in the international market, particularly Southeast Asia and Middle East. It is the ultimate aim of the Company to develop into a world-class high quality petroleum machinery manufacturer.