SONGFA(SH:603268) Sou Hu Cai Jing·2025-11-14 07:08Core Viewpoint - Hengli Heavy Industry announced the establishment of an international ship research and design center in Shanghai, enhancing its capabilities in high-end shipbuilding and attracting top talent in the industry [2][4]. Fundraising and Investment Projects - Guangdong Songfa Ceramics Co., Ltd. approved a proposal to increase the implementation subject and location of fundraising projects, designating Hengli Shipbuilding and its subsidiaries as the implementation body for the "Hengli Heavy Industry Group Co., Ltd. International Ship Research and Design Center Project (Phase I)" [2][3]. - The total amount raised through the issuance of shares was approximately RMB 3.99 billion, with a net amount of approximately RMB 3.93 billion after deducting issuance costs [2]. Project Details - The Hengli Shipbuilding (Dalian) green high-end equipment manufacturing project has a total investment of approximately RMB 8 billion, with planned fundraising of RMB 3.5 billion [3]. - The Hengli Heavy Industry International Ship Research and Design Center (Phase I) project has a total investment of approximately RMB 740 million, with planned fundraising of about RMB 430 million [3]. Strategic Importance - Hengli Shipbuilding, as a wholly-owned subsidiary of Hengli Heavy Industry, plays a crucial role in the shipbuilding sector, leveraging its strong R&D team to enhance operational efficiency and expedite project implementation [4]. - Shanghai's status as a leading international shipping center provides access to top-tier shipping resources and talent, which is expected to strengthen the company's R&D capabilities in green, high-end, and intelligent shipbuilding [4]. Company Background - Hengli Heavy Industry was established in response to national initiatives, acquiring the former STX Dalian assets for RMB 2.11 billion to create a world-class high-end shipbuilding base [5]. - The company has commenced construction on over 60 vessels, with a backlog of approximately 170 orders scheduled for delivery until 2029 [5]. - Once fully operational, Hengli Heavy Industry's projects are expected to produce over 150 large vessels annually and cover four types of dual-fuel systems, positioning it as the largest and most comprehensive shipbuilding base globally [5].