《 人民日报 》（ 2025年08月07日 11 版） (责编：白宇、卫嘉) 本报上海8月6日电 （记者沈文敏）第二艘国产大型邮轮H1509船5日实现首台主发电机动车，标志着邮 轮设备系统调试工作进入攻坚期，邮轮建造全面进入设备调试与系统功能验证阶段。与首制船相比， H1509船提前4个月达到该节点。 主发电机是邮轮的关键设备，是船舶配电系统和推进系统的主电源。邮轮主发电机动车意味着邮轮 的"心脏"开始跳动，开始为全船相关的设备系统输送动力，与之相关的18个流体系统及300多台辅助设 备达到完工状态，机械处所的安装工作接近尾声。 由中国船舶集团旗下上海外高桥造船有限公司建造的H1509船共配置了5台大功率发电机，分别独立布 置于艏艉两个机舱。目前，H1509船项目总体进度超80%；下阶段将重点围绕内装工程和设备系统调试 开展工作，预计2026年3月出坞，2026年底前完工交付。 关注公众号：人民网财经 ...

● 本报记者 刘丽靓 在国有经济布局优化和结构调整的棋盘上，央企与地方国资近期同步落下关键棋子。中国神华、中国船 舶、中化系等央企密集发布重组整合方案；宁夏、河南、天津等地方国资同步发力，通过战略性重组重 塑国有经济格局。业内人士认为，随着下半年国企改革深化提升行动冲刺收官，科技创新、国有经济布 局优化等政策举措加速落地，国资央企正以重组整合为支点，撬动发展新动能全面释放。 央企加速布局战新产业 8月4日晚，中国船舶发布关于公司换股吸收合并中国重工暨关联交易事项异议股东收购请求权实施公告 称，本次交易已获得中国证监会批复，公司将尽快办理本次交易的相关事宜。中国船舶、中国重工股票 将于8月13日停牌，中国重工将停牌直至终止上市。这标志着历时多年的"南北船"整合将正式收官。 能源领域重组整合大动作不断。8月1日晚间，中国神华公告称，拟收购控股股东国家能源投资集团持有 的13家能源资产股权，标的范围全面覆盖煤炭开采、坑口煤电、煤制油煤制气煤化工及相关物流运输体 系等产业链核心环节。此举将显著提升中国神华煤炭资源战略储备和一体化运营能力。 8月5日，内蒙华电公告称，拟57.17亿元并购新能源资产申请获上交所受理。交易 ...

盘面上，全市场超3300只个股上涨，近百股涨超9%，市场热点主要聚焦军工和机器人两大热门题材。 军工板块涨势扩散，长城军工录得5天4板；PEEK材料概念持续活跃，新瀚新材、中欣氟材2连板；机器 人产业链再度走强，豪森智能、国瑞科技以20%幅度涨停。市场焦点股上纬新材以20%幅度跌停。 船舶制造板块指数日K线图 郭晨凯 制图 ◎记者 李雨琪 8月6日，A股三大指数放量上涨，沪指录得3连阳续创年内收盘新高。截至收盘，上证指数报3633.99 点，涨0.45%；深证成指报11177.78点，涨0.64%；创业板指报2358.95点，涨0.66%。全市场当天成交 17592亿元，较上个交易日放量1434亿元。 此外，农业银行昨日收盘上涨1.22%，报6.62元/股，最新A股流通市值为2.11万亿元，超越工商银行2.09 万亿元的流通市值，排在A股第一位，这也是其历史上首次夺得A股流通市值冠军。 机器人产业链再度走强 受多重利好催化，机器人相关概念股昨日再度走强，北纬科技收获3连板。截至收盘，豪森智能、当虹 科技、国瑞科技以20%幅度涨停，富恒新材、机器人涨超10%，中大力德、东方精工、华纬科技等多只 个股涨停。 消息 ...

Summary of Conference Call Records Industry Overview - The conference call discusses the shipbuilding industry, particularly focusing on the Chinese shipbuilding sector and its major players, including China Shipbuilding and China Power [1][3][4]. Key Points and Arguments 1. **Market Sentiment and Order Recovery** - Since June 2025, shipbuilding prices have stabilized after a decline from October 2024 to May 2025, with new order shares for Chinese shipbuilders recovering to approximately 83% by July 2025 [1][3][8]. 2. **Valuation and Investment Potential** - Major Chinese shipbuilding companies are currently valued at around 20 times earnings, significantly lower than the nearly 40 times during the merger of the two major shipbuilding groups last year, indicating a high investment value [1][4][5]. 3. **Future Price Trends** - It is anticipated that shipbuilding prices will continue to rise, supported by replacement demand for aging vessels, with over 30% of the global fleet being over 15 years old, necessitating the replacement of approximately 750 million tons of capacity [6][7]. 4. **Impact of the U.S. 301 Tariff** - The U.S. 301 tariff initially caused a significant drop in China's order share, which fell to over 30% in March 2025 but has since rebounded to 83% by July 2025, suggesting a recovery in market confidence [1][9][10]. 5. **Merger of Major Shipbuilders** - The rapid progress of the merger between the two major Chinese shipbuilders is expected to enhance competitiveness in the global market, with combined market shares significantly exceeding that of competitors like Hyundai Heavy Industries [11][12][13]. 6. **Performance Metrics** - In Q1 2025, China Shipbuilding reported a net profit of 1.127 billion yuan, a year-on-year increase of 181%, while China Power's net profit reached 396 million yuan, up 349% year-on-year, indicating strong growth momentum [16]. 7. **Global Economic Environment** - The easing of U.S.-China trade tensions and the merger's competitive advantages are expected to bolster China's position in the global shipbuilding market, with an anticipated improvement in global order volumes in the latter half of 2025 [12]. 8. **Market Concentration and Competitive Landscape** - The merger is expected to increase market concentration, reducing price wars and enhancing profitability through economies of scale [13][15]. Other Important Insights - The shipbuilding industry is currently in a long-term upward cycle, with a replacement cycle expected to last for about seven more years, indicating sustained growth potential [17]. - The historical analysis suggests that even during upward cycles, temporary price corrections can occur, but the overall trend remains positive [6][8].

8月6日，大盘全天稳步推升，超3300股飘红，三大指数集体收涨，沪指报3633.99点，收盘点位创下2022年1月4日以来新高！市场人气继续攀升，全天成交 1.76万亿元，连续两日放量。 行业板块方面，国防军工持续爆发，领跑全市场！长城军工5天4板；合并进入倒计时，中国船舶、中国重工午后双双爆量涨停。利好催化叠加大阅兵预期， 国防军工ETF（512810）放量摸高3.3%，场内价格刷新逾3年半新高！通用航空ETF华宝（159231）场内同步涨1.75%续创上市新高。 科技股涨势扩大，"AI双子星"——科创人工智能ETF华宝（589520）、创业板人工智能ETF（159363）场内双双涨超1%。信创ETF基金（562030）、大数 据产业ETF（516700）、金融科技ETF（159851）等悉数上涨。 板块轮动加快、全面开花，牛市真的来了？重大信号已出现——A股两融余额时隔十年重返2万亿元上方！数据显示，随着近期A股市场整体上行，市场两融 余额持续攀升，截至8月5日，升至20003亿元，为时隔十年重返2万亿元以上。与此同时，有"牛市旗手"之称的券商近期频频躁动，或蓄力反攻，A股顶流券 商ETF（512000） ...

消息面，8月4日晚间，中国船舶与中国重工发布公告称，换股吸收合并事项已获得证监会批复，将进入 实施阶段，两家公司股票将自8月13日起停牌，中国重工股票将停牌至终止上市，而中国船舶将在异议 股东收购请求权申报结果公告当日复牌。 中邮证券表示，政策面，重大会议明确支持上市公司并购重组。从两"船"合并引申来看，军工行业未来 有望对内保持适度竞争，对外拧成一股绳，未来军贸出口也有望减少国内竞争，军贸市场广阔且军贸的 盈利能力有望提升。 展望下半年，"十四五"计划完成要求和谋划"十五五"有望推动内需景气向上，同时军贸和民航、民船出 海有望进一步贡献第二曲线增量。 军工ETF（512660）覆盖海陆空天信全产业链，具备良好弹性与防御属性，是把握行业配置机会的重要 工具，当前规模居同类产品第一。军工ETF（512660）跟踪的是中证军工指数，从沪深市场中选取涉及 航天、航空、船舶、兵器、军事电子等国防军工领域的代表性上市公司证券作为指数样本，以反映军工 行业相关上市公司证券的整体表现。该指数覆盖了国防军工行业的多个子领域，具有较高的行业集中度 和鲜明的军工特色。 （文章来源：每日经济新闻） ...

证券时报·数据宝统计显示，中国船舶今日收盘价为38.51元，上涨10.00%，日换手率为5.01%，成交额 为84.57亿元，全天主力资金净流入4.84亿元，近5日该股累计上涨10.60%，近5日资金合计净流入1.57亿 元。 两融数据显示，该股最新融资余额为47.11亿元，近5日增加962.94万元，增幅为0.20%。（数据宝） 8月6日中国船舶大宗交易一览 中国船舶8月6日大宗交易平台共发生2笔成交，合计成交量30.00万股，成交金额1155.30万元。成交价格 均为38.51元。从参与大宗交易营业部来看，机构专用席位共出现在1笔成交的买方或卖方营业部中，合 计成交金额为500.63万元，净买入500.63万元。 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为2778.23万元。 | 成交量 （万股） | 成交金额 （万元） | 成交价格 （元） | 相对当日收盘折 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | | | 溢价（%） | | | | 17.00 | 654.67 | 38.51 | 0.00 | 开源证 ...

Group 1 - The defense and military industry sector experienced a significant surge, with a net inflow of over 15.4 billion yuan in a single day, leading the market [1] - The ETF for defense and military, identified by the code 512810, saw a notable increase of 3.15%, reaching a new high not seen in over three and a half years, with trading volume increasing by 40% to 167 million yuan [1][2] - Key stocks in the sector, such as China Shipbuilding and China Heavy Industry, reached their daily limit and saw substantial trading volumes, with China Shipbuilding's trading volume at 8.457 billion yuan, the highest in A-shares [4] Group 2 - The merger between China Shipbuilding and China Heavy Industry has received regulatory approval, marking a significant development in the sector, with the merger expected to create the largest shipbuilding company globally with total assets exceeding 400 billion yuan [5] - Various sub-sectors within the defense industry, including ground weaponry, military trade, and aerospace, are experiencing positive momentum, driven by recent favorable developments and policies [6] - The defense and military sector is anticipated to see increased attention and investment as the 93rd anniversary military parade approaches, with analysts predicting a sustained upward trend in the market [6] Group 3 - The defense and military ETF (512810) has become a popular investment choice, covering a wide range of themes including commercial aerospace and military AI, with a reduced investment threshold of around 70 yuan [8] - Financing activities for the defense and military ETF have surged, with a record high financing balance of 29.88 million yuan, indicating strong investor interest [6]

Core Viewpoint - The merger between China Shipbuilding and China Heavy Industry has received approval from the China Securities Regulatory Commission, entering the implementation phase, which is expected to boost the military industry sector [1][4]. Group 1: Merger Details - The merger involves a share swap and will lead to the suspension of trading for both companies' stocks starting August 13, with China Heavy Industry's stock being delisted [4]. - The merger is seen as a significant move in the military industry, potentially reducing domestic competition and enhancing military trade exports [4][5]. Group 2: Industry Outlook - The military industry is expected to maintain a high level of prosperity due to ongoing mergers and acquisitions, with state-owned enterprises possessing numerous advantageous assets [5]. - Recent geopolitical events and increased military spending globally are likely to drive demand for military trade, enhancing the competitiveness of China's military products [6][7]. Group 3: Market Trends - The completion of the BeiDou-3 global satellite navigation system has shown significant growth, with the industry scale projected to increase from 403.3 billion yuan in 2020 to 570 billion yuan by 2024, and expected to exceed 600 billion yuan by the end of this year [7]. - The military industry is entering a fundamental upward cycle, driven by domestic demand for modernization and the transition towards intelligent and unmanned systems [7]. Group 4: Upcoming Events - The upcoming military parade commemorating the 80th anniversary of the victory in the War of Resistance against Japan is expected to positively impact the military sector, as historical trends indicate a surge in military stock performance leading up to such events [8][10]. - The current period marks a transition between the 14th and 15th Five-Year Plans, with significant growth in military contracts and orders anticipated [10]. Group 5: Investment Tools - The military ETF (512660) is highlighted as a key investment tool, covering the entire military industry chain and currently leading in scale among similar products [10].

Group 1 - The military industry sector has shown strong performance, with China Shipbuilding Industry Group stocks leading the gains, resulting in a significant increase in the CSI Military Index [1][2] - The leading military ETF (512680) rose by 3.56% in a single day, ranking among the top three ETFs in the market, with a trading volume of 265 million yuan, indicating strong market appeal [1][2] - The military ETF (512680) has a management fee rate of 0.50% and a custody fee rate of 0.10%, making its overall fee structure the lowest among similar military ETFs [1][2] Group 2 - The military ETF (512680) tracks the CSI Military Index, covering key areas such as aviation equipment, military electronics, and naval equipment, with the top ten weighted stocks including China Shipbuilding and AVIC Shenyang Aircraft [2] - Institutions believe that the military sector is entering a long-term growth phase, presenting significant investment value, particularly for stocks with technological advantages and low valuations [2] - The military ETF (512680) is seen as a convenient tool for investors to gain exposure to the military sector, allowing for risk diversification and participation in the benefits of national defense modernization [2]