Zhi Tong Cai Jing·2026-01-08 02:56Group 1 - The core viewpoint of the article highlights that China Shipbuilding Defense (中船防务) has seen a significant stock price increase of over 4%, reaching HKD 14.59 with a trading volume of HKD 42.76 million [1] - According to Guangfa Securities, the shipbuilding market from 2021 to 2024 is driven primarily by container ships and LNG vessels, with a projected decline in 2025 due to the impact of the U.S. 301 tariffs [1] - The shipbuilding demand market is expected to enter a 2.0 phase starting in 2026, with a potential demand acceleration similar to the engineering machinery market in 2019, which may elevate valuation levels [1] Group 2 - Shenwan Hongyuan previously noted that China Shipbuilding Defense has a substantial backlog of orders, with high-value contracts being delivered, which will release profits [1] - China Shipbuilding announced a commitment in January 2025 to resolve internal competition issues between China Shipbuilding and Huangpu Wenchong, with a five-year plan to address competition between Huangpu Wenchong and the listed company [1] - Huangpu Wenchong is a shipyard controlled by China Shipbuilding Defense, and the progress of resolving internal competition is being closely monitored [1]