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Honghua Group Ltd is engaged in the business of manufacturing and selling land drilling rigs, offshore drilling modules, and related parts and components. The company also provides technical support and drilling engineering services. It is divided into three segments - Land drilling rigs, Parts and components and others, and Oil and gas engineering services. The parts and components segment generates maximum revenue for the company. Geographically the company is spread across the People's Republic of China, America, the Middle East, Europe and Central Asia, South Asia and South East, and Africa.

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