政府工作报告首次提及深海科技，新兴领域正式上升为国家战略

Investment Rating - The industry investment rating is "Add" (Maintain) [1] Core Viewpoints - The government work report for 2025 officially includes "deep-sea technology" as a key area of emerging industries, marking its elevation to a national strategy [1] - The strategic value of deep-sea technology lies in economic security and geopolitical competition, with significant resources and military applications [4] - Future technological breakthroughs in deep-sea technology will focus on intelligence, localization, and ecological balance [4] - Investment opportunities are identified in deep-sea materials, equipment, and detection technologies, with a recommendation to focus on leading companies with high technological maturity and clear policy support [4] Summary by Sections Government Policy and Strategic Importance - Deep-sea technology has been integrated into the national top-level design framework, with policies supporting its development outlined in the "14th Five-Year Plan" and the "Deep Sea Law" [4] - The government aims to promote the safe and healthy development of deep-sea technology through national-level research projects and coordinated development across the entire industry chain [4] Technological Focus Areas - Key technological advancements will include the integration of AI in deep-sea data processing, the localization of core equipment and materials, and the balance between development and ecological protection [4] - Specific areas of focus include deep-sea engineering equipment, information technology, and special materials processing [4] Investment Opportunities - Significant potential for domestic substitution exists in deep-sea materials (titanium alloys), equipment (submersibles/drilling platforms), and detection technologies (acoustic communication) [4] - Recommended companies for investment include Baotai Co., Ltd., Zhongke Haixun, Hailanxin, China Marine Defense, Changying Tong, Dongfang Cable, and Deepwater Haina [4]