Market Overview - On the first trading day after the resumption of Northbound trading, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling below the 27,000 mark, closing down 1.82% or 491.59 points at 26,590.32 points, with a total turnover of HKD 250.99 billion [1] - The Hang Seng China Enterprises Index dropped 2.06% to 9,007.86 points, while the Hang Seng Tech Index fell 2.13% to 5,270.70 points [1] Sector Performance - The technology sector remains a long-term investment focus, with valuation pressure easing after recent pullbacks, and potential for rebound driven by accelerated AI model updates and applications [1] - The energy and precious metals sectors are expected to rise amid heightened geopolitical risks in the Middle East and adjustments in U.S. tariff policies [1] - The consumer sector, currently undervalued, is anticipated to have upward potential as consumption policies are strengthened [1] Blue-Chip Stocks - WH Group (00288) led blue-chip gains, rising 4.42% to HKD 10.39, contributing 5.87 points to the Hang Seng Index [2] - Other notable blue-chip performers included Henderson Land (00012) up 2.08% and China Resources Beer (00291) up 2.02% [2] - China Biologic Products (01177) fell 6.58%, negatively impacting the index by 7.48 points [2] Hot Sectors - Major tech stocks faced pressure, with Tencent down over 3% and Alibaba down over 2% [3] - Storage concepts saw significant gains, with Zhaoyi Innovation (03986) up 11.91% and Longsys Technology (06809) up 4.92% [3] - Oil and gas stocks rose amid concerns over escalating tensions in Iran, with Shandong Molong (00568) up 11.41% [4] AI and Technology - The AI sector continues to show promise, with significant growth in token usage, particularly in Chinese models, which account for 61% of the total token volume [5] - The market anticipates ongoing rapid growth in AI applications and commercial viability [5] Film Sector - The film sector faced challenges, with the 2026 Spring Festival box office down approximately 40% year-on-year, indicating a need for improved content quality [6] - Major film stocks like Maoyan Entertainment (01896) and Huayi Brothers (01003) saw declines of 8.18% and 5.26%, respectively [6] Notable Stock Movements - Kwan Hung Holdings (01888) surged 12.37% following a profit forecast indicating a 165% increase in net profit for the fiscal year ending December 2025 [7] - Weichai Power (02338) rose 7.29% after a report highlighted its emergency generator's use in a major data center [8] - China Shipbuilding Defense (00317) reached a new high, up 5.37%, following a significant shipbuilding contract announcement [9] - Standard Chartered (02888) saw a 3.07% increase after reporting a 6% rise in operating income for the fiscal year 2025 [10] - China Duty Free Group (01880) faced a 10.51% drop due to losing some operating rights at major airports [11]

中船防务（00317）盘中涨超5%，截至发稿，股价上涨4.57%，现报16.95港元，成交额1.04亿港元。 中船防务（00317）盘中涨超5%，截至发稿，股价上涨4.57%，现报16.95港元，成交额1.04亿港元。 中船防务近日公布，控股子公司中船黄埔文冲船舶有限公司与EVERGREEN MARINE（ASIA）签订16 艘支线集装箱船建造合同，合同交易总金额7.36亿美元至8.96亿美元之间。计划2028-2030年或之前交 付。合同的履行预计将对公司现金流及后续经营业绩产生积极影响。 值得注意的是，中船防务预计公司2025年归母净利润同比增长150%-197%。浙商证券发布研报称，2025 年公司业绩显着增长主要系船舶产品收入及生产效率有所提升，产品毛利同比改善；联营企业经营业绩 显着提升，参股公司分红金额增加，公司确认投资收益同比大幅增加。据悉，中船防务控股公司黄埔文 冲与参股公司广船国际为核心造船企业。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 客户端 中船防务近日公布，控股子公司中船黄埔文冲船舶有 ...

每经AI快讯，中船防务(00317.HK)早盘涨超5%，截至发稿，涨4.38%，报16.92港元，成交额7142.97万 港元。 ...

中船防务此前发布盈喜公告称，预计公司2025年归母净利润同比增长150%-197%。浙商证券（601878） 表示，2025年公司业绩显着增长主要系船舶产品收入及生产效率有所提升，产品毛利同比改善；联营企 业经营业绩显着提升，参股公司分红金额增加，公司确认投资收益同比大幅增加。据悉，中船防务控股 公司黄埔文冲与参股公司广船国际为核心造船企业。 中船防务（600685）(00317)早盘涨超5%，截至发稿，在4.38%，报16.92港元，成交额7142.97万港元。 消息面上，中国商务部公告，决定将三菱造船株式会社等参与提升日本军事实力的20家日本实体列入出 口管制管控名单。据悉，中船防务旗下黄埔文冲近期签订重大造船合同，交易总金额7.36亿美元至8.96 亿美元之间。计划2028-2030年或之前交付，预计将对公司现金流及后续经营业绩产生积极影响。 ...

智通财经APP获悉，中船防务(00317)早盘涨超5%，截至发稿，在4.38%，报16.92港元，成交额7142.97 万港元。 消息面上，中国商务部公告，决定将三菱造船株式会社等参与提升日本军事实力的20家日本实体列入出 口管制管控名单。据悉，中船防务旗下黄埔文冲近期签订重大造船合同，交易总金额7.36亿美元至8.96 亿美元之间。计划2028-2030年或之前交付，预计将对公司现金流及后续经营业绩产生积极影响。 中船防务此前发布盈喜公告称，预计公司2025年归母净利润同比增长150%-197%。浙商证券表示，2025 年公司业绩显着增长主要系船舶产品收入及生产效率有所提升，产品毛利同比改善；联营企业经营业绩 显着提升，参股公司分红金额增加，公司确认投资收益同比大幅增加。据悉，中船防务控股公司黄埔文 冲与参股公司广船国际为核心造船企业。 ...

值得注意的是，中船防务预计公司2025年归母净利润同比增长150%-197%。浙商证券发布研报称，2025 年公司业绩显着增长主要系船舶产品收入及生产效率有所提升，产品毛利同比改善；联营企业经营业绩 显着提升，参股公司分红金额增加，公司确认投资收益同比大幅增加。据悉，中船防务控股公司黄埔文 冲与参股公司广船国际为核心造船企业。 消息面上，中船防务近日公布，控股子公司中船黄埔文冲船舶有限公司与EVERGREEN MARINE(ASIA)签订16艘支线集装箱船建造合同，合同交易总金额7.36亿美元至8.96亿美元之间。计划 2028-2030年或之前交付。合同的履行预计将对公司现金流及后续经营业绩产生积极影响。 智通财经APP获悉，中船防务(00317)再涨超4%，截至发稿，涨3.57%，报15.94港元，成交额9031.81万 港元。 ...

消息面上，中船防务近日公布，控股子公司中船黄埔文冲船舶有限公司与EVERGREEN MARINE(ASIA)签订16艘支线集装箱船建造合同，合同交易总金额7.36亿美元至8.96亿美元之间。计划 2028-2030年或之前交付。合同的履行预计将对公司现金流及后续经营业绩产生积极影响。 值得注意的是，中船防务预计公司2025年归母净利润同比增长150%-197%。浙商证券（601878）发布研 报称，2025年公司业绩显着增长主要系船舶产品收入及生产效率有所提升，产品毛利同比改善；联营企 业经营业绩显着提升，参股公司分红金额增加，公司确认投资收益同比大幅增加。据悉，中船防务控股 公司黄埔文冲与参股公司广船国际为核心造船企业。 中船防务（600685）(00317)再涨超4%，截至发稿，涨3.57%，报15.94港元，成交额9031.81万港元。 ...

Group 1 - The core viewpoint of the news is that China Shipbuilding Defense has seen a significant increase in its stock price, rising 5.42% to 36.00 CNY per share, with a total market capitalization of 50.886 billion CNY and a trading volume of 614 million CNY, marking a cumulative increase of 7.29% over three consecutive days [1] - China Shipbuilding Defense's main business involves high-end marine power equipment research, manufacturing, system integration, sales, and services, with revenue composition primarily from ship products (92.37%), followed by ship repair and modification (4.39%), and other categories [1] Group 2 - The fund "Guotai Junan National Security Mixed A" (001838) has entered the top ten circulating shareholders of China Shipbuilding Defense, holding 6.4274 million shares, which is 0.45% of the circulating shares, resulting in a floating profit of approximately 11.8908 million CNY today [2] - The fund has achieved a year-to-date return of 10.26%, ranking 1468 out of 8882 in its category, and a one-year return of 38.74%, ranking 2618 out of 8127 [2] Group 3 - The fund manager of "Guotai Junan National Security Mixed A" is Li Xuan, who has a tenure of 10 years and 76 days, with the fund's total asset size at 3.052 billion CNY [3] - The best return during Li Xuan's tenure is 62.55%, while the worst return is -30.21% [3] Group 4 - "Guotai Junan National Security Mixed A" reduced its holdings in China Shipbuilding Defense by 510,100 shares in the fourth quarter, now holding 5.9173 million shares, which constitutes 5.52% of the fund's net value, making it the seventh-largest holding [4] - The fund has realized a floating profit of approximately 10.9471 million CNY today, with a cumulative floating profit of 13.7282 million CNY over the past three days [4]

Core Insights - The marine engineering industry has experienced a surge in order announcements since February, indicating strong growth driven by technological upgrades and market demand [1][4] - A variety of A-share listed companies are involved in sectors such as offshore wind power equipment manufacturing, shipbuilding, and marine engineering construction, with order values ranging from hundreds of millions to tens of billions [1] Group 1: Company Announcements - TianShun Wind Power announced new contracts totaling approximately 870 million yuan for offshore wind projects, including significant orders for foundation structures [1] - Shanghai Electric Wind Power Group secured a major contract for a 550,000 kW offshore wind project, marking a strong start to the year with a total capacity of 576 MW [2] - China State Construction Engineering Corporation's subsidiary won a contract worth about 524 million yuan for the construction and installation of wind turbine foundations [2] - China Shipbuilding Industry Corporation's subsidiary signed a contract for the construction of 16 container ships, with a total transaction value between 736 million and 896 million USD [2] Group 2: Industry Trends - The recent order announcements reflect a comprehensive coverage of the entire industry chain, from core equipment like wind turbines and foundation structures to shipbuilding and engineering construction [3] - There is a clear trend towards high-end and large-scale products, with large-capacity wind turbines and heavy-duty foundations becoming mainstream orders, aligning with industry technological advancements [3] - The market is expanding both domestically and internationally, with orders from coastal provinces in China as well as breakthroughs in overseas shipbuilding and marine product deliveries [3] Group 3: Expert Opinions - Experts suggest that the surge in marine engineering orders is a result of dual drivers: domestic renewable energy planning and global marine economic development [4] - The integration of marine engineering with other sectors, such as marine aquaculture, is creating new growth opportunities by diversifying product applications [4] - The industry's competitiveness is increasingly reliant on technological capabilities and production capacity, with a focus on large-scale and high-end equipment [4]

业绩高速增长之时， 中船防务 （600685.SH、00317.HK）又签下大单。 2月4日晚间，中船防务公告显示，公司控股子公司中船黄埔文冲船舶有限公司与EVERGREEN MARINE （ASIA） PTE.LTD.签订16艘支线集装箱船建造合同，合同交易总金额7.36亿美元（约合人民 币51.1亿元）至8.96亿美元之间（约合人民币62.2亿元）。 业绩方面，中船防务预计2025年实现归母净利润9.4亿元到11.2亿元，同比增加149.61%到196.88%。 对于盈利能力大幅提升，中船防务解释称，其中重要的一点是，船舶产品收入及生产效率有所提升，产 品毛利同比改善。 长江商报记者发现，2025年前三季度，公司销售毛利率达11.36%，为14年以来新高。 签16艘支线集装箱船建造合同 中船防务是 中国船舶 集团有限公司属下的大型造船骨干企业之一，其前身是广州广船国际股份有限公 司。公司于1993年在上海证券交易所和香港联交所上市，是中国第一家"A+H"股上市造船企业。 2月4日晚间，中船防务公告显示，公司控股子公司中船黄埔文冲船舶有限公司与EVERGREEN MARINE （ASIA） PTE.LTD. ...