CHINA MER PORT(HK:00144) Sou Hu Cai Jing·2025-10-05 15:22Core Insights - The signing and groundbreaking ceremony for the Yizheng Shipbuilding Supporting Industry Park took place on September 25, with a total investment of approximately 5 billion yuan and a planned area of about 900 acres [2] - The project aims to establish a "world-class shipbuilding and marine engineering equipment advanced manufacturing industry cluster" in collaboration with major state-owned enterprises [2][3] - The Yizheng Shipbuilding Supporting Industry Park is expected to produce nearly 20 ships annually, generating an output value of 10 billion yuan [2] Company Developments - The project is a collaboration between the Jiangsu provincial government and China Merchants Group, which has a long-standing partnership with Yangzhou [3] - The Jiangsu Jinling Shipyard, a core member of China Merchants Industry, has a strong reputation in the roll-on/roll-off ship manufacturing sector, recognized as a national manufacturing "single champion" [4] - The Jinling Shipyard has recently returned to the container shipbuilding market, securing multiple orders for new generation container ships, including 6 units of 1800TEU and 2+2 units of 2280TEU dual-fuel container ships [5] Industry Context - Yangzhou is positioning itself as a modern industrial city, focusing on a modern industrial system characterized by "6 clusters and 13 chains" [2] - The shipbuilding industry in Yangzhou has seen significant growth, with the shipbuilding industrial chain's output value increasing at the highest rate among 13 emerging industrial chains last year [2] - The establishment of the Yizheng Shipbuilding Supporting Industry Park is part of a broader strategy to enhance the competitiveness and brand reputation of Yangzhou's shipbuilding sector [3]