Tris (920014) repurchased 350,000 shares of the company for the first time, accounting for 0.29% of the total share capital.

On April 1, Tires Energy Equipment Co., Ltd. released an announcement stating that the company has completed its first share repurchase. Using a dedicated securities account for share repurchase, it repurchased 350,000 shares of the company through the continuous bidding transfer method, accounting for 0.29% of the company’s total share capital. This also represents 35% of the upper limit of the estimated total number of shares to be repurchased. The highest成交 price was 13.3 yuan per share, and the lowest成交 price was 13.18 yuan per share. The total amount paid was 4.64 million yuan, accounting for 23.19% of the company’s proposed upper limit for repurchase funds.

In the announcement, Tires stated that the total amount of repurchase funds for this time is not less than 10 million yuan and not more than 20 million yuan. At the same time, based on the total amount of repurchase funds and the upper limit repurchase price, the estimated repurchase share quantity range is 500,000 shares to 1,000,000 shares, accounting for 0.41%-0.82% of the company’s current total share capital.

Securities Business Wall Finance learned that the company focuses on the R&D, production, and sales of various energy-dedicated integrated equipment. After years of development and accumulation, it has gradually formed a transition from energy equipment products to a provider of integrated solutions of “equipment + operations and maintenance + data services.” The company’s more than 100 product varieties cover the entire process of collecting, transporting and distributing, and applying natural gas and hydrogen, and the products are widely used in industries and sectors including public utilities, gas power generation, industrial raw materials, oil and gas engineering, and hydrogen energy.

In oil and gas engineering and services, the company mainly provides customers with oil and gas treatment system equipment and engineering technical services based on surface oil and gas field development systems. The company can supply standalone equipment for a particular function or combination of functions, as well as complete system equipment formed by optimizing and integrating various standalone devices, along with related technical services. The company’s product categories are diverse and can be tailored and manufactured as complete sets of equipment or standalone devices according to users’ requirements. In this field, the company has formed a complete set of technology and product systems, enabling it to provide customers with efficient, energy-saving, and environmentally friendly oil, gas, and water treatment equipment and technical services.

Gas transmission and gathering dedicated integrated equipment, after years of development and accumulation, has formed three major categories—gas transmission and gathering systems, core equipment for gas transmission and gathering, and gas intelligent control systems—with more than 100 product varieties, covering the entire process of collecting, transporting and distributing, and applying natural gas. The products are widely used in industries and sectors including public utilities, gas power generation, industrial raw materials, and others.

The company’s R&D and manufacturing cover the entire industrial value chain’s hydrogen-energy core equipment for the whole process of making, adding, transporting, and using. The company is located in the Yangtze River Delta strategic area and has abundant supply-chain resources. At the same time, in line with the national “dual carbon” strategic goals, the company focuses on two major businesses: carbon capture, utilization and storage (CCUS) and new energy, further improving its technology system in the field of carbon dioxide emission reduction.

The company has a complete production system and has obtained numerous domestic and international qualification certifications, including pressure vessel design permits A1/A2/A3/D, pressure vessel manufacturing permits A2, pressure pipeline component manufacturing permits A/B, pressure pipeline design permits GB1/GC1, pressure pipeline installation permits GC1, safety accessories (emergency shut-off valves) production licenses, American Society of Mechanical Engineers (ASME) “U” & “S” certifications, explosion-proof certifications, CCC China National Compulsory Product certification, German DVGW product certification, TUV SIL3 functional safety level certification, TUV CE certification (PED directive), customs union EAC certification, CNAS laboratory accreditation certification, and more.

In the first half of 2025, the company has consistently focused on user needs, further improving its diversified product layout, accelerating the R&D of new products and upgrading iterations of existing products. The company actively expands the application scenarios of its gas integrated systems. From the original city gate stations, regional pressure-regulating stations’ pressure-regulating metering equipment, large-scale industrial pressure-regulating metering systems, and long-distance pipeline gas transmission station pressure-regulating metering systems, it gradually develops gas pressure-regulating metering systems mainly for natural gas power generation. It also conducts proactive market expansion in gas wellhead business (oil and gas processing and treatment equipment), natural gas storage reservoir business (well testing and injection and production modular skids), hydrogen energy business (methanol injection skid, compressor skid, etc.), and other businesses (throttling and heating skids). The company is also actively exploring new product market opportunities and new business models, and actively participates in domestic industry leading companies’ “Belt and Road” projects to carry out cooperation on new-type infrastructure.

Regarding performance, in the first three quarters of 2025, the company achieved operating revenue of 374 million yuan, and net profit attributable to shareholders of the listed company of 22.02 million yuan.

(Editor: Liu Chang)

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