On March 19, Beijing Const Instruments Technology Inc. responded to investor inquiries on an interactive platform, stating that its primary calibration and testing instrument equipment in the petroleum, petrochemical, and chemical industries is mainly applied in the metrology maintenance and operation processes within laboratories or on-site production environments.
The company noted that while current oil price fluctuations may cause some volatility in market demand, the growth in demand for related instrument equipment stems more from the replacement of mid- to high-end technological products in existing systems, as well as increased construction and expansion projects driven by the industry's entry into a medium- to long-term high-growth cycle.