Recently, Beijing Jiejiexi Technology Co., Ltd. (hereinafter referred to as "Jiejiexi Technology") completed the E round of financing. This is another important financing of JJS Technology after the D round of strategic investment by PetroChina Kunlun Capital and Sinopec Capital. This round of financing was jointly led by SDIC China Merchants and Xiake Capital, followed by State Venture Capital**, Beijing State Investment**, Haochen Capital, and Green Action Capital, with additional investment from the original shareholders Wu Yuefeng Venture Capital and China Merchants Capital. This round of financing will be mainly used for continuous R&D investment in intelligent drilling robots and cluster systemsIt marks the recognition of the capital market for our company's innovative strength and future development potential.
Over the past 14 years, JJS Technology has focused on the R&D, manufacturing and high-end technical services of intelligent drilling robots and intelligent drilling systems in the petroleum industry, and is determined to become an international brand of Made in China in the energy field. As a national high-tech enterprise and a specialized and new "little giant" enterprise supported by the state, JJS Technology adheres to independent innovation, and has developed a number of products such as intelligent iron driller, high-performance mechanical seal punching pipe, multi-functional comprehensive hydraulic power source, hydraulic elevator, power slip, etc., and has built the "TRIPRO Walker" drilling automation system to provide a comprehensive solution for intelligent drilling in the oil drilling and production industry, helping China gradually realize domestic substitution in the field of high-end manufacturing of petroleum equipment and ensure national energy security.
Li Xuejun, chairman of Jiejiexi Technology, said"The trust of the new and old shareholders makes us full of confidence and more determined to meet the challenges ahead. Since the establishment of JJS Technology, we have not forgotten our original intention, always adhered to the original and leading positive research and development, focused on solving the pain points of the industry, and steadily moved towards the foreign market while promoting the localization and intelligence of high-end petroleum equipment. JJS Technology has gathered a group of high-end talents with ideals and beliefs, not only with the technical strength of serving the country with science and technology and strengthening the country with science and technology, but also with a sense of social responsibility and feelings of 'using our own equipment to develop oil and gas resources'. We hope to take this financing as an opportunity to give full play to the advantages of talent and hard-core technology to help the high-quality development of China's oil and gas industry. ”
Zhang Guojin, founding partner of AGF, said"The domestic substitution of high-end intelligent equipment and the application of new materials in this field have always been the investment direction that Green Action focuses on. In the field of oil and gas exploration and development, JJS has developed a number of automated drilling equipment that exceeds the international leading level by using strong technical reserves, rich industry experience and application of new materials, which not only significantly improves the stability and safety of oil and gas exploration and development site operations, but also greatly improves the working environment of workers, and reduces carbon emissions through the improvement of operation efficiency and other patented technologies, which has a typical ESG effect. At the same time, JJS's products have unique technical advantages in offshore drilling and inland deep well drilling, which helps China's first-class output to maintain stability and maintain national energy security. JJS has a very good team in the industry, and we hope to work with them to give full play to the advantages of both parties and make a modest contribution to the global development of Made in China and the protection of energy security. ”