Honghua Group Ltd is an investment holding company primarily engaged in manufacturing of drilling rigs, oil and gas exploitation equipment and providing drilling services and fracturing. The Company operates its business through four segments. The Land Drilling Rigs segment is engaged in the research and development, manufacturing and sales of full range of land frilling rigs. The Parts and Components and Others segment is engaged in the research and development, manufacturing and sales of core parts and components of drilling and completion equipment and other products. The Drilling Engineering Services segment is engaged in the provision of drilling and completion integrated engineering services. The Fracturing Services segment is engaged in the provision of a comprehensive integrated power supply solution for drilling, power supply for fracturing, electric fracturing equipment and services. The Company conducts its business in the domestic and overseas markets.