众赢财富通：中国造船业三大指标持续领跑全球

Core Insights - China's shipbuilding industry continues to maintain a high level of prosperity in 2025, leading the world in completion volume, new orders, and backlog orders for 16 consecutive years [1][3][5] Group 1: Key Performance Metrics - The completion volume reached 53.69 million deadweight tons, a year-on-year increase of 11.4%, accounting for 56.1% of the global market [1] - New orders amounted to 107.82 million deadweight tons, with a global market share increase to 69% [1] - The backlog orders rose to 274.42 million deadweight tons, a year-on-year growth of 31.5%, representing 66.8% of the global total, marking a historical high [1][4] Group 2: Industry Dynamics - Despite uncertainties in the international shipping market, demand for fleet renewal and green transformation remains strong, benefiting Chinese shipbuilders [3][5] - The steady growth in completion volume reflects ongoing optimization in production organization and project management among domestic shipyards [3] - The significant lead in new orders indicates that Chinese shipbuilders are expanding their market share not only in traditional sectors but also in container ships and specialized vessels [3] Group 3: Future Outlook - The substantial increase in backlog orders provides solid support for the industry's future operations, with an order coverage period exceeding two and a half years [4] - The rising proportion of medium and large vessels and high-tech ship types in the backlog enhances the industry's anti-cyclical capacity [4] - The global shipbuilding industry is increasingly focusing on green and low-carbon technologies, with Chinese shipbuilders investing in green design and energy-efficient systems [4][5] Group 4: Competitive Advantages - A complete and efficient domestic supply chain is crucial for maintaining China's competitive edge in shipbuilding [4] - The established supply network for shipbuilding materials and equipment significantly reduces costs and delivery risks for Chinese shipbuilders [4] - China's systematic advantages in scale, efficiency, and technological accumulation position it well to maintain global leadership in the shipbuilding sector for the foreseeable future [5]