证券之星消息，1月22日航海装备板块较上一交易日上涨3.04%，中船防务领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。航海装备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600685 | 中腊防务 | 34.01 | 7.49% | 51.88万 | 17.40 Z | | 300008 | 天海防务 | 66'8 | 6.14% | 281.53万 | 25.33 乙 | | 300065 | 海兰信 | 23.66 | 5.86% | 122.12万 | 28.74亿 | | 300589 | 江龙船艇 | 19.62 | 5.20% | - 43.63万 | 8.52亿 | | 300810 | 中科海讯 | 41.56 | 4.11% | 6.23万 | 2.57亿 | | 601890 | 亚星锚链 | 11.11 | 3.35% | 69.97万 | 7.73亿 | | 600764 | 中国海防 | ...

浙商证券研报指出，中船防务2025年报业绩预告符合预期，预计2025年归母净利润同比增长 150%-197%。周期景气上行，多船型下单需求上行，船厂盈利能力改善。需求端换船周期、环保政策驱 动，油轮和散货船新单接力，供给端船厂扩产有限，船价有望创新高。公司是中国船舶集团旗下唯 一"A+H"平台，在集团解决同业竞争方面有望受益。控股公司黄埔文冲与参股公司广船国际为核心造船 企业，在手订单饱满。根据克拉克森数据库，截止2026-1-21，手持订单673万载重吨、338CGT，在手 订单饱满。维持"买入"评级。 ...

Group 1 - The military industry sector experienced a significant rally, leading the entire market with a notable increase in the military ETF, Huabao (512810), which rose by 3.35% at one point [1] - Major stocks in the military sector saw substantial gains, with Triangle Defense hitting a 20% limit up and Gangyan Gaona increasing over 8% [1] - The net buying in the defense and military industry reached nearly 12 billion yuan within the first hour of trading, ranking first among 31 primary industries [2] Group 2 - The C919 aircraft, developed independently in China, has completed hundreds of thousands of passenger transports domestically, indicating sufficient market validation, and international certification is expected to accelerate China's global aviation layout [3] - The "14th Five-Year Plan" for Suzhou emphasizes deep integration into the Yangtze River Delta's large aircraft industry cluster, which is expected to boost the production rhythm of domestic commercial aircraft and self-controlled aviation engines [3] - The military ETF Huabao (512810) covers various popular themes such as commercial aerospace, low-altitude economy, large aircraft, satellite navigation, military informationization, and controllable nuclear fusion, serving as an efficient tool for investing in core military assets [3]

该行续指，当前船厂运载已近饱和，但活跃船厂数量及交付量相较上一轮周期显著下降，供需紧张或推 动船价持续走高。由于供给收缩、扩产困难，叠加换船周期、环保政策，供需紧张有望驱动船价持续创 新高，船舶周期有望震荡上行。 浙商证券发布研报称，中船防务2025年报业绩预告符合预期，公司预计2025年归母净利润同比增长 150%-197%预计2025年实现归母净利润9.4亿元至11.2亿元，同比增长149.61%-196.88%；扣非归母净利 润8.5亿元至10.2亿元，同比增加153.27%-203.93%。该行认为，中船集团旗下总装资产整合有望进一步 加强内部协同，提升规模效应和加强精益化管理。公司是中国船舶集团旗下唯一"A+H"平台，在集团解 决同业竞争方面有望受益。 智通财经APP获悉，中船防务(00317)涨超5%，截至发稿，涨5.24%，报15.65港元，成交额5728.23万港 元。 ...

浙商证券（601878）发布研报称，中船防务2025年报业绩预告符合预期，公司预计2025年归母净利润同 比增长150%-197%预计2025年实现归母净利润9.4亿元至11.2亿元，同比增长149.61%-196.88%；扣非归 母净利润8.5亿元至10.2亿元，同比增加153.27%-203.93%。该行认为，中船集团旗下总装资产整合有望 进一步加强内部协同，提升规模效应和加强精益化管理。公司是中国船舶集团旗下唯一"A+H"平台，在 集团解决同业竞争方面有望受益。 该行续指，当前船厂运载已近饱和，但活跃船厂数量及交付量相较上一轮周期显著下降，供需紧张或推 动船价持续走高。由于供给收缩、扩产困难，叠加换船周期、环保政策，供需紧张有望驱动船价持续创 新高，船舶周期有望震荡上行。 中船防务（600685）(00317)涨超5%，截至发稿，涨5.24%，报15.65港元，成交额5728.23万港元。 ...

从资金流向上来看，当日航海装备板块主力资金净流入3.79亿元，游资资金净流出7791.6万元，散户资金 净流出3.01亿元。航海装备板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300065 | 海兰信 | 22.35 | 4.98% | 90.73万 | 20.08亿 | | 300810 | 中模型 | 39.92 | 4.28% | 5.33万 | 2.14亿 | | 300008 | 天海防务 | 8.47 | 0.95% | 96.27万 | 8.14亿 | | 300589 | 江龙船艇 | 18.65 | 0.76% | 23.47万 1 | 4.37亿 | | 300600 | 園瑞科技 | 14.65 | 0.41% | 4.65万 | 6811.66万 | | 601890 | 亚是锚链 | 10.75 | -0.09% | 24.78万 | 2.66亿 | | 600764 | 中国海防 | 28.41 | -0.18% | 8.95万 | 2. ...

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院深海科技研究小组发布的《中国海洋经济产业发展状况调研与投 资战略分析报告》 行业主要上市公司：中国船舶(600150.SH);中船防务(600685.SH);振华重工(600320.SH);中海油服 (601808.SH);中国海防(600764.SH);海兰信(300065.SZ);中天科技(600522.SH)等 深海材料由多种高端材料组成 在高压、低温、强腐蚀、黑暗等极端环境的深海领域，材料性能直接决定着开发能力的边界。深海材料 是深海科技突破的"地基"，为深潜装备、探测系统、资源开发平台提供了核心保障，推动着深海探测从 浅海向深渊、从观测向开发的跨越。同时，作为撬动十万亿美元深海矿产资源市场的支点，深海材料的 创新将全面激活深海油气、海底矿产、生物资源等巨大产业潜力，支撑起从装备制造到资源利用的全产 业链发展。深海材料按照其功能作用分类，可分为耐压结构材料(壳体材料)、浮力材料、密封材料、防 护材料(如防腐材料、防护涂层、润滑材料等)、照明材料等类别。按照材料性质，则可分为高强度金属 材料、高分子复合材料、陶瓷基复合材料等类别。深海材料类别如下图 ...

Investment Rating - The report indicates a positive outlook for the shipbuilding industry, with a focus on the recovery of new orders in the second half of 2025, driven by the stabilization of second-hand ship prices ahead of new ship prices [2][3]. Core Insights - The second-hand ship prices have stabilized before new ship prices, with a notable increase in new orders in the latter half of 2025 [2]. - As of the end of 2025, the newbuilding price index stands at 184.65 points, reflecting a year-on-year decline of 2.4%, while the second-hand price index is at 191.07 points, showing an increase of 8.6% year-on-year [2][53]. - The global shipbuilding orderbook has reached 395 million DWT, marking a 37% year-on-year increase, with significant contributions from various ship types [2][60]. - The report highlights that the demand side is gradually strengthening, indicating a long-term upward trend in the shipbuilding cycle [50]. Summary by Sections Ship Price Trends - The new ship price index decreased by 2.4% year-on-year, while the second-hand ship price index increased by 8.6% year-on-year [53][57]. - Specific new ship price indices for container ships, oil tankers, bulk carriers, and LNG ships have shown declines ranging from 3% to 5% [57]. Order Backlog - The global shipbuilding orderbook has increased to 395 million DWT, with container ships, LNG ships, bulk carriers, oil tankers, and other vessels contributing to this growth [60]. - The orderbook's capacity ratio remains low, with only 17.1% of the total capacity accounted for by the orderbook, indicating potential for future growth [60]. New Orders Analysis - In 2025, the total new orders amounted to 56.43 million CGT, a decrease of 27% year-on-year, with container ships making up the largest share at 41% [61]. - The total value of new orders was $18.13 billion, reflecting a 21% year-on-year decline, with container ships again leading in terms of order value [64]. Country-Specific Insights - China remains the dominant player in new orders, accounting for 69% of the total deadweight tonnage and 50% of the total order value in 2025 [68]. - South Korea has seen an increase in its share of new orders, indicating a shift in competitive dynamics within the industry [68]. Market Dynamics - The report notes that the recovery in new orders is expected to accelerate due to rising charter rates and increased optimism among shipowners regarding future market conditions [22][24]. - The container shipping segment is projected to continue its growth trajectory, with sustained demand for new vessels [25][28].

Core Viewpoint - The maritime equipment sector experienced a decline of 0.89% on January 20, with Jianglong Shipbuilding leading the losses. The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1]. Group 1: Market Performance - The maritime equipment sector's stocks showed mixed performance, with notable declines in several companies, including Jianglong Shipbuilding, which fell by 6.52% [1]. - Major stocks in the sector included: - China Shipbuilding (down 0.50% at 35.57) - China Marine Defense (down 1.18% at 28.46) - Tianhai Defense (down 3.01% at 8.39) [1]. Group 2: Capital Flow - The maritime equipment sector saw a net outflow of 559 million yuan from main funds, while retail investors contributed a net inflow of 452 million yuan [1]. - Specific stock capital flows included: - Jianglong Shipbuilding with a main fund outflow of 65.82 million yuan and a retail inflow of 99.88 million yuan [2]. - China Shipbuilding with a main fund outflow of 77.05 million yuan and a retail inflow of 42.59 million yuan [2]. Group 3: Individual Stock Analysis - Individual stock performances indicated significant retail interest in some companies despite overall sector declines: - Yuanrui Technology saw a retail inflow of 8.55% despite a main fund outflow [2]. - Zhongke Haixun had a retail inflow of 13.25% while experiencing a main fund outflow of 22.66 million yuan [2].

Group 1 - The marine equipment sector increased by 1.33% on January 19, with China Shipbuilding Industry Corporation leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the marine equipment sector showed varying performance, with China Shipbuilding closing at 35.75, up 1.19%, and China Haifeng leading with a 3.08% increase to 28.80 [1] Group 2 - The marine equipment sector saw a net inflow of 298 million yuan from institutional investors, while retail investors experienced a net outflow of 160 million yuan [1] - Major stocks like China Shipbuilding had a net inflow of 211 million yuan from institutional investors, but faced a net outflow of 89.42 million yuan from retail investors [2] - Other stocks such as HaiLanXin and Jianglong Shipbuilding also experienced mixed fund flows, with HaiLanXin seeing a net inflow of 42.32 million yuan from institutional investors [2]