JL(SZ:300589) Xin Lang Cai Jing·2025-08-28 10:28Core Viewpoint - Jianglong Shipbuilding Technology Co., Ltd. is focusing on promoting hydrogen energy technology and expanding its presence in the new energy vessel sector, aiming to support national carbon reduction goals while enhancing its market position through innovative products and services [2]. Group 1: Hydrogen Energy Technology Promotion - The company has built China's first hydrogen fuel cell ship, "Three Gorges Hydrogen Boat No. 1," which has shown significant carbon reduction effects [2]. - Future plans include promoting new energy vessel technology across various ship types to align with national dual carbon goals [2]. Group 2: New Energy and Cultural Tourism Model - The pure electric cruise ship created for the Pearl River in Guangzhou serves as a benchmark for upgrading cultural tourism consumption [2]. - The company has been an early mover in the new energy vessel sector, operating and delivering vessels in several well-known scenic areas [2]. Group 3: Smart Vessel Development - The company has completed its 5G-AI smart unmanned vessel project, which features automatic navigation for river and near-sea intelligent salvage [2]. - Currently, there are no other unmanned vessel projects, and the impact on revenue is minimal [2]. Group 4: Attracting Long-term Capital - The management is committed to improving performance and enhancing market value management to regain the favor of long-term investors [2]. Group 5: Cash Flow Management - The mid-year report indicates a 30.6% year-on-year increase in net operating cash flow, with ongoing efforts to optimize cash flow management for stability and safety [2]. Group 6: Yacht Maintenance Business - The demand for yacht maintenance in Hong Kong is strong, and the company has made progress in this newly expanded business, which is expected to become a second growth curve [2]. Group 7: Emerging Field Expansion - The company is undertaking multiple projects for fire-fighting vessels and has developed various specialized ship types that are gaining popularity domestically and internationally [2]. - Future considerations include expanding into offshore wind power operation vessels and research vessels [2]. Group 8: International Cooperation - The order project for aquaculture workboats with Norway's Moen Marin is progressing steadily, marking the company's entry into the high-end Nordic market [2]. - There are expectations for expanding cooperation with Nordic companies in the new energy vessel sector [2]. Group 9: Green Transformation of Inland Shipping - The company is focusing on opportunities for new energy in the Yangtze River Economic Belt, in line with national initiatives for the green transformation of inland shipping [2].