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Qingdao Zhongrui Weifei Marine Equipment Co., Ltd. was established in 2019 in the Qingdao West Coast New Area. It is a joint venture between Ruiyuan Holding Group and Kerui Group, with a registered capital of RMB 300 million. It is a national high-tech enterprise integrating R&D, design, production, sales, and service support for marine oil and gas equipment. The company is dedicated to the R&D and manufacturing of high-end intelligent marine and subsea oil and gas equipment. Its main business scope covers marine drilling and workover automation equipment, marine oil and gas production enhancement equipment, marine nitrogen generation equipment, and subsea wellhead Christmas tree supporting equipment. Adhering to the quality policy of "striving for perfection, pursuing continuous improvement, upholding integrity, ensuring customer satisfaction", and based on the business philosophy of "integrity, pragmatism, efficiency, and innovation", the company is striding forward towards its mission goal of "making marine oil and gas equipment safer and smarter".