Core Viewpoint - Deep-sea technology is crucial for transforming potential resource advantages into real productivity, playing a significant role in economic development and ensuring national resource security [1][5]. Group 1: Definition and System of Deep-Sea Technology - Deep-sea technology refers to a series of scientific technologies and equipment systems used for exploring, researching, and developing deep-sea resources, typically below 200 meters [1]. - The essence of deep-sea technology lies in systematic technological innovation, transforming the deep sea from a cognitive blank area into a sustainable development space [2]. - The internal system of deep-sea technology includes three core dimensions: scientific cognition, engineering technology, and industrial application, which support and develop together with policy evolution [2]. Group 2: Current Development Status of Deep-Sea Technology - The deep sea is increasingly recognized as a strategic space for ensuring national resource security as land resources deplete [4]. - China's marine economy has shown strong growth, with an estimated marine economic output of approximately 5.1 trillion yuan in the first half of 2025, reflecting a year-on-year increase of about 5.8% [4]. - The rapid development of deep-sea technology in China over the past decade is unprecedented domestically and considered a miracle in international technological history [5]. Group 3: Market Size and Growth Projections - The market size of China's deep-sea technology is projected to be approximately 2.7 trillion yuan by 2025, with an expected increase to about 2.92 trillion yuan by 2026 [5]. Group 4: Industry Chain of Deep-Sea Technology - The deep-sea technology industry chain consists of a complete structure from upstream raw materials and components to midstream equipment manufacturing and downstream diverse applications [6]. - Upstream includes key raw materials like titanium alloys and special steel, while midstream focuses on deep-sea detection and operational equipment manufacturing [6]. Group 5: Development Environment and Policies - The deep-sea technology sector is receiving significant attention and support from the government, with multiple policies encouraging its development and innovation [6]. - The 2025 Government Work Report explicitly mentions promoting deep-sea technology as a new emerging industry [6]. Group 6: Competitive Landscape - Major companies in the deep-sea technology sector include China CRRC, China Shipbuilding, and Zhenhua Heavy Industries, focusing on deep-sea detection, resource development, and comprehensive systems [7]. - China CRRC has established a presence in the deep-sea robotics sector and reported revenues of approximately 183.87 billion yuan in the first three quarters of 2025 [8]. - Zhenhua Heavy Industries has made significant advancements in intelligent marine engineering equipment, achieving revenues of about 34.46 billion yuan in 2024, with a year-on-year growth of 4.62% [9]. Group 7: Development Strategies - The development of deep-sea technology is a strategic choice for China to overcome resource constraints and expand development space, contributing to the goal of building a marine power and sustainable development [10]. - The industry is expected to evolve towards interdisciplinary integration, collaborative efficiency across the entire chain, and participation in global governance [10].

Core Viewpoint - The maritime equipment sector experienced a 1.5% increase on February 4, with Jianglong Shipbuilding leading the gains. The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1]. Group 1: Market Performance - Jianglong Shipbuilding (300589) closed at 19.17, up 3.73% with a trading volume of 468,400 shares and a transaction value of 903 million yuan [1]. - Hailan Technology (300065) closed at 29.28, up 3.10% with a trading volume of 2,379,500 shares and a transaction value of 6.94 billion yuan [1]. - Yaxing Guolian (601890) closed at 11.22, up 2.56% with a trading volume of 816,100 shares and a transaction value of 91.8 million yuan [1]. - China Shipbuilding (600150) closed at 35.11, up 1.42% with a trading volume of 1,104,600 shares and a transaction value of 3.889 billion yuan [1]. Group 2: Capital Flow - The maritime equipment sector saw a net outflow of 392 million yuan from institutional investors, while retail investors contributed a net inflow of 267 million yuan [1]. - Jianglong Shipbuilding had a net inflow of 82.05 million yuan from retail investors, but a net outflow of 19.95 million yuan from speculative funds [2]. - China Shipbuilding experienced a net inflow of 1.02 million yuan from institutional investors, but a net outflow of 2.55 million yuan from speculative funds [2].

证券代码：600764 证券简称： 中国海防 公告编号：2026-003 中国船舶重工集团海洋防务与信息对抗股份有限公司 关于为所属子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 二、被担保人基本情况 1.单位名称：中船辽海装备有限责任公司 重要内容提示： 一、担保情况概述 公司第九届董事会第三十六次会议、2024年年度股东大会审议通过 了《关于2025年度为所属子公司提供担保额度上限的议案》，同意在核 定的担保额度范围内对公司下属子公司辽海装备的融资授信事宜提供 1 被担保人名称：被担保人为中国船舶重工集团海洋防务与信息 对抗股份有限公司（以下简称"公司"或"中国海防"）控股子 公司中船辽海装备有限责任公司（以下简称"辽海装备"）。 本次担保金额及已实际为其提供的担保余额：公司本次为辽海 装备提供担保额为人民币 3,000 万元；截至本公告披露日，公 司为辽海装备提供担保金额共计人民币 15,500 万元。 本次担保是否有反担保：本次担保存在反担保。 公司不存在逾期对外担保情况。 特别风险提示：被担 ...

Market Overview - The marine equipment sector experienced a decline of 2.54% on January 30, with Zhongke Haixun leading the drop [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Key stocks in the marine equipment sector showed varied performance, with Hailanxin rising by 4.75% to a closing price of 25.14, while other stocks like China Shipbuilding and Tianhai Defense saw declines of 2.98% and 3.34%, respectively [1] - The trading volume and turnover for major stocks were significant, with China Shipbuilding recording a turnover of 3.576 billion yuan [1] Capital Flow - The marine equipment sector saw a net outflow of 435 million yuan from main funds, while retail investors contributed a net inflow of 281 million yuan [1] - Detailed capital flow data indicates that Hailanxin had a net inflow of 4.36 billion yuan from main funds, while stocks like China Shipbuilding and Tianhai Defense experienced significant net outflows of 6.32 billion yuan and 1.15 billion yuan, respectively [2]

证券日报网讯1月29日，中国海防（600764）在互动平台回答投资者提问时表示，公司已建立规范的财 务管理以及内部控制制度，拥有独立的财务核算管理系统。公司会不断提高财务数字化、智能化的水 平，持续提升公司财务管理能力。 ...

Market Overview - The marine equipment sector experienced a decline of 0.57% on January 28, with Hailanxin leading the drop [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Individual Stock Performance - Jianglong Shipbuilding (300589) closed at 18.12, with an increase of 0.89% and a trading volume of 289,400 shares, totaling a transaction value of 529 million yuan [1] - Zhongke Haixun (300810) closed at 41.30, up 0.58%, with a trading volume of 44,700 shares and a transaction value of 184 million yuan [1] - China Shipbuilding (600150) closed at 34.69, down 0.60%, with a trading volume of 953,400 shares and a transaction value of 3.335 billion yuan [1] - Hailanxin (300065) closed at 23.05, down 1.58%, with a trading volume of 600,600 shares and a transaction value of 1.379 billion yuan [1] Capital Flow Analysis - The marine equipment sector saw a net inflow of 74.16 million yuan from institutional investors, while retail investors experienced a net outflow of 32.28 million yuan [1] - China Shipbuilding (600150) had a net inflow of 1.88 billion yuan from institutional investors, but a net outflow of 134 million yuan from retail investors [2] - Jianglong Shipbuilding (300589) recorded a net inflow of 26.14 million yuan from institutional investors and a net outflow of 59.44 million yuan from retail investors [2] - Hailanxin (300065) faced a significant net outflow of 920.08 million yuan from institutional investors, while retail investors had a net inflow of 89.72 million yuan [2]

Core Insights - The report emphasizes the ongoing prosperity in the commercial aerospace and military sectors, highlighting opportunities in overseas markets and the importance of technological advancements in the industry [2][3] Group 1: Industry Overview - The commercial aerospace sector is experiencing upward momentum, driven by SpaceX's advancements in reusable rocket technology, which could reduce space access costs by 100 times [13] - The military aviation sector is expected to benefit from increased demand for large aircraft and military trade, with significant growth anticipated in 2026 [14] - The report identifies a focus on supply chain reforms and the integration of AI technologies as key trends shaping the future of the defense and aerospace industries [15] Group 2: Investment Recommendations - The report recommends companies that align with the "S-curve" evolution, focusing on supply chain reforms and automation, including firms like航发动力 (Aero Engine Corporation) and 中航沈飞 (AVIC Shenyang Aircraft Corporation) [15] - Companies positioned for expansion in military trade and civil aviation, such as 国睿科技 (Guorui Technology) and 中国动力 (China Power), are highlighted for their growth potential [15] - Emerging industries like commercial aerospace, AI, and quantum computing are also recommended, with firms like 睿创微纳 (Ruichuang Micro-Nano) and 菲利华 (Feilihua) noted for their innovative capabilities [15] Group 3: Company Valuations and Financial Analysis - 航发动力 (Aero Engine Corporation) is projected to have a 2025E EPS of 0.22 CNY, with a PE ratio of 216.82 for 2025 [6] - 中航高科 (AVIC High-tech) is expected to achieve a 2025E EPS of 0.90 CNY, with a PE ratio of 29.16 for 2025 [6] - The report provides detailed financial metrics for various companies, indicating growth in EPS and improvements in PE ratios across the sector, reflecting a positive outlook for the defense and aerospace industries [6]

1月23日，中国海防大宗交易成交117万股，成交额3429.27万元，占当日总成交额的9.44%，成交价 29.31元，较市场收盘价29.31元持平。 | IN THE THE THE FEAT | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专场 | | 026-01-23 | 中国海防 | 600764 | 29.31 3429.27 | 117 | 發動更多發酵晶露 | 型是多繁能基礎 | | Ki | ...

Market Overview - The marine equipment sector experienced a decline of 1.06% on January 23, with Zhongke Haixun leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Stock Performance - Key stocks in the marine equipment sector showed varied performance, with Hailanxin increasing by 2.45% to a closing price of 24.24, while China Shipbuilding fell by 1.47% to 35.53 [1] - The trading volume and turnover for major stocks included Hailanxin with 1.39 million shares traded and a turnover of 33.71 million yuan, and China Shipbuilding with 1.1752 million shares traded and a turnover of 4.217 billion yuan [1] Capital Flow - The marine equipment sector saw a net outflow of 348 million yuan from institutional investors, while retail investors contributed a net inflow of 387 million yuan [1] - Detailed capital flow data indicated that Hailanxin had a net inflow of 21.45 million yuan from institutional investors, while Zhongke Haixun experienced a net outflow of 7.68 million yuan [2]

Group 1 - The core point of the announcement is the resolution of the first extraordinary general meeting of shareholders held by China Shipbuilding Industry Corporation Marine Defense and Information Countermeasure Co., Ltd. in 2026 [1] - The meeting took place on January 22, 2026, at the China Shipbuilding Building, located at 72 Kunming Lake Road, Haidian District, Beijing [2] - The meeting was chaired by the company's chairman, Mr. Chen Yuanjin, and utilized a combination of on-site and online voting methods, complying with the Company Law and the company's articles of association [2] Group 2 - All seven current directors attended the meeting, along with the deputy general manager and the board secretary, Mr. Xia Juncheng, who also acted as the financial director [3] - Two ordinary resolutions were passed during the meeting: one regarding the execution of daily related party transactions for 2025 and the expected daily related party transactions for 2026, and another concerning the continuation of the Financial Services Agreement and the determination of financial service limits for 2026 [4][5] - The related party shareholder, China Shipbuilding Industry Group Co., Ltd., which holds 329,032,461 shares, abstained from voting on the related party transactions [5] Group 3 - The meeting was witnessed by lawyers from Guohao Law Firm (Beijing), with lawyers Feng Xiaoyi and Zhou Liqiong providing legal opinions [6] - The legal conclusion confirmed that the meeting's convening and proceedings, as well as the resolutions discussed, complied with the Company Law, Shareholders' Meeting Rules, Governance Standards, and the company's articles of association [6]