Core Insights - The event hosted by 36Kr focused on the theme "From Water Surface to Underwater: Marine Equipment Opens New Channels," featuring discussions on smart ships, unmanned surface vehicles, underwater equipment, underwater propulsion systems, and new energy ship power systems [2] Group 1: Smart Ships and Challenges - The challenges of smart driving in water surface applications include software algorithm challenges, reliability challenges, and cost challenges [4] - Software algorithm challenges involve control response delays due to inertia, poor perception accuracy of traditional navigation sensors, and difficulties in obstacle avoidance in irregular open scenarios [4][5] - Reliability challenges arise from the difficulty of conducting regular tests in water environments and the need to consider diverse ship types and power configurations [4] - Cost challenges stem from the early-stage nature of the smart ship industry, where components are expensive and systems are less integrated compared to land vehicles [4] Group 2: Solutions and Innovations - To address software algorithm challenges, the company has developed adaptive control and dynamic compensation solutions for interference in windy and wavy conditions, and combined visual and millimeter-wave radar for perception [5] - The company has accumulated 800,000 kilometers of unsupervised sailing data and 50 million data points from nearly 1,000 ships daily, which serve as a foundation for algorithm iteration and system reliability [6] Group 3: Underwater Equipment Development - The development of underwater equipment has evolved from basic tools for survival to core components supporting the marine economy, with research focusing on hydrological monitoring, marine biology research, and underwater infrastructure [8] - China's underwater equipment industry has transitioned from lagging behind to leading, with domestic products now present at all ocean depths, breaking the international monopoly [9] Group 4: Key Technologies and Future Directions - The company has overcome key technology barriers in underwater power systems, providing solutions for major marine equipment, achieving world records in deep-sea diving with a 100% success rate [10] - Future directions for ship power systems are expected to focus on electrification, with potential combinations of electric and nuclear power, while hydrogen and methanol are seen as transitional solutions [21] Group 5: Market Opportunities and Challenges - The marine economy is shifting towards consumer-oriented business models, with a focus on creating commercial applications for marine equipment [14] - The main shortcoming in the marine economy is reliable underwater communication, with sonar being the primary solution but facing limitations in distance and environmental impact [22] Group 6: International Expansion Strategies - The company plans to expand internationally by establishing subsidiaries in developed countries and acting as primary distributors, leveraging its supply chain and rapid R&D capabilities [23] - The company aims to compete in the high-end market with reliable, efficient, and lightweight products, while also focusing on cost reduction in the future [23] Group 7: Growth Projections - The company anticipates explosive growth in specific sectors such as inland shipping, recreational boats, underwater emergency rescue, deep-sea mining, and defense over the next three to five years [24]

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The Chinese marine special robot industry is evolving towards a more intelligent, collaborative, and efficient phase, driven by technological breakthroughs and policy incentives, aiming to establish a comprehensive rescue system that significantly enhances public safety [43][45] - The industry is characterized by a three-tier structure of participants: research institutions, system integrators, and innovative enterprises, with applications expanding from national strategic areas to industrial and civilian markets [5][8] - The report highlights the importance of AI-driven technologies, new energy systems, and deep-sea communication breakthroughs as key factors for the industry's future development [36][37] Summary by Sections Marine Special Robots - The marine special robot industry is defined as a strategic emerging industry that utilizes intelligent, unmanned, and collaborative technologies to perform underwater operations, including deep-sea exploration, resource development, and safety assurance [6][7] - The industry can be categorized by robot type (AUVs, ROVs, ARVs) and application scenarios (general-purpose robots, resource development robots, safety assurance robots, scientific research robots) [7][8] - Key players include China Shipbuilding Group, Deep Blue Marine Technology, and Hailanxin Data, which are driving the industry's refined and intelligent development through technological innovation and industrial chain layout [21][22] Demand Pain Points - The unique challenges of the deep-sea environment, such as high pressure, low temperature, and poor communication, pose significant technical challenges for the development of marine special robots [11][12] - There is a reliance on imported core components, which increases R&D costs and exposes the industry to risks associated with international trade friction [12][13] - Insufficient industrial collaboration and the existence of international standard barriers hinder the global competitiveness of Chinese marine robot enterprises [13][14] Industry Chain - The marine special robot industry chain consists of upstream research focusing on core materials and key components, midstream manufacturing enterprises that integrate technology into products, and downstream applications in marine resource exploration and development [19][20] - Upstream entities include research institutions and technology-driven companies that focus on breakthroughs in core technologies and materials suitable for marine environments [20] - Midstream manufacturers are responsible for product integration and reliability testing, while downstream applications span various fields, including marine resource exploration, military security, and ecological protection [20] Development Trends - The industry is transitioning from single-point technological breakthroughs to systematic innovations, integrating AI, new energy, and deep-sea communication technologies [36][37] - As technology matures and costs decrease, marine special robots are expected to penetrate new emerging fields, contributing to environmental governance, disaster rescue, and resource development [38][39] - The global emphasis on environmental protection will drive the role of marine special robots in cleaning marine pollution and restoring damaged ecosystems [39][40]

（来源：青岛金融） 海洋赋予青岛独特禀赋，依海而建、向海图强，海洋经济成为城市迭代发展的关键引擎。深海养殖工船工船劈波作业，巨型风电叶片在海域迎风转动，海 洋环保装备守护近海生态，一幅幅"蔚蓝赋能未来"的发展画卷徐徐铺展。逐浪深蓝，金融赋能。中国银行青岛市分行（以下简称"青岛中行"）紧扣青岛海 洋经济发展脉搏，以金融创新链接资源，以精准服务破解难题，用蓝色金融活水激活海洋产业活力，支持青岛在经略海洋赛道上持续发力，聚力打造现代 海洋经济发展高地。 深耕海洋经济领域 护航涉海重大项目 海洋产业、海洋经济的发展，离不开资金支持。青岛中行聚焦"4+4+2"海洋产业发展方向，着力打通"海洋资源—产业升级—民生福祉"的价值链条。为全 球首艘10万吨级智慧养殖工船"国信1号"注入信贷活水，"海上粮仓"卧波耕海、驰骋深蓝；为全国首个桩基固定式渔光融合海上光伏项目提供资金支持， 让万亩光伏连片映波，实现"板上发电、板下养殖"，点亮海上绿色能源图景，支持好传统产业升级、新兴产业培育、未来产业布局。 机制先行建强保障。青岛中行成立服务海洋经济专项工作专班，建立跨部门协同机制，打造"上下联动、横向协同"的工作格局，主动对接地方海洋 ...

12月24日，天海防务盘中上涨2.07%，截至11:07，报7.89元/股，成交4.12亿元，换手率3.22%，总市值 136.34亿元。 资金流向方面，主力资金净流入1703.45万元，特大单买入2665.33万元，占比6.46%，卖出1521.63万 元，占比3.69%；大单买入8840.90万元，占比21.44%，卖出8281.14万元，占比20.08%。 天海防务今年以来股价涨68.59%，近5个交易日涨4.37%，近20日涨0.51%，近60日涨27.67%。 资料显示，天海融合防务装备技术股份有限公司位于上海市松江区莘砖公路518号10幢，成立日期2001 年10月29日，上市日期2009年10月30日，公司主营业务涉及船舶与海洋工程、军民融合产业、清洁能源 利用等。主营业务收入构成为：船海工程设计建造总承包业务92.05%，船海工程设计技术服务业务 1.97%，能源业务1.80%，其他产品收入1.75%，防务装备及产品业务1.18%，其他(补充)0.74%，船舶租 赁收入0.50%。 天海防务所属申万行业为：国防军工-航海装备Ⅱ-航海装备Ⅲ。所属概念板块包括：军民融合、海洋经 济、海工装备、航天 ...

Group 1 - The core viewpoint of the news is that Zhonghaidah's stock has experienced a decline of 10.36% this year, with a recent drop of 2.00% to 9.78 CNY per share, reflecting a challenging financial performance [1][2] - As of September 30, 2025, Zhonghaidah reported a revenue of 683 million CNY, a year-on-year decrease of 7.48%, and a net profit attributable to shareholders of -45.98 million CNY, down 78.40% year-on-year [2] - The company's main business revenue composition includes 83.32% from high-precision positioning equipment and industry solutions, and 16.68% from spatiotemporal data and information services [1] Group 2 - Zhonghaidah's stockholder count decreased by 12.11% to 65,000, while the average circulating shares per person increased by 13.78% to 9,322 shares [2] - The company has not distributed any dividends in the last three years, with a total payout of 102 million CNY since its A-share listing [3] - The company operates in the defense and military electronics sector, with involvement in low-altitude economy, drones, geographic information, and marine economy concepts [2]

截至11月28日，雪人集团股东户数16.81万，较上期减少18.42%；人均流通股3869股，较上期增加 22.58%。2025年1月-9月，雪人集团实现营业收入16.31亿元，同比增长24.26%；归母净利润3916.52万 元，同比增长16.63%。 12月23日，雪人集团盘中下跌2.11%，截至10:09，报19.02元/股，成交16.14亿元，换手率12.76%，总市 值146.95亿元。 分红方面，雪人集团A股上市后累计派现7442.04万元。近三年，累计派现0.00元。 资金流向方面，主力资金净流出7080.62万元，特大单买入1.95亿元，占比12.06%，卖出2.13亿元，占比 13.19%；大单买入2.69亿元，占比16.64%，卖出3.21亿元，占比19.90%。 机构持仓方面，截止2025年9月30日，雪人集团十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股836.23万股，相比上期减少601.06万股。 雪人集团今年以来股价涨177.66%，近5个交易日跌0.42%，近20日涨33.19%，近60日涨79.10%。 责任编辑：小浪快报 今年以来雪人集团已经36次登上龙虎榜 ...

Core Viewpoint - Dalian Heavy Industry's stock has shown significant growth this year, with a year-to-date increase of 51.90%, and recent trading activity indicates continued interest from institutional investors [1][2]. Group 1: Stock Performance - As of December 23, Dalian Heavy Industry's stock price was 7.49 yuan per share, with a market capitalization of 14.466 billion yuan [1]. - The stock has experienced a 5.34% increase over the last five trading days, a 12.80% increase over the last 20 days, and a 23.80% increase over the last 60 days [1]. - The company has appeared on the trading leaderboard seven times this year, with the most recent appearance on July 2, where it recorded a net buy of 15.652 million yuan [1]. Group 2: Company Overview - Dalian Heavy Industry, established on February 18, 1993, and listed on January 16, 2008, specializes in the development, research, and sales of large complete sets of equipment and core components in various sectors, including material handling, metallurgy, and new energy [2]. - The revenue composition of the company includes: material handling equipment (31.15%), metallurgy equipment (26.13%), new energy equipment (23.26%), core components (13.61%), engineering projects (3.96%), and others (1.89%) [2]. - The company operates within the mechanical equipment sector, specifically in specialized equipment for energy and heavy machinery [2]. Group 3: Financial Performance - For the period from January to September 2025, Dalian Heavy Industry reported a revenue of 10.979 billion yuan, reflecting a year-on-year growth of 8.11%, and a net profit attributable to shareholders of 490 million yuan, which is a 23.97% increase year-on-year [2]. - The company has distributed a total of 812 million yuan in dividends since its A-share listing, with 221 million yuan distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Dalian Heavy Industry was 65,300, a decrease of 13.00% from the previous period, while the average number of circulating shares per person increased by 14.94% to 29,575 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 48.5438 million shares, and several ETFs, with notable changes in their holdings [3].

Core Viewpoint - Aerospace Intelligent Manufacturing has shown significant stock performance with a year-to-date increase of 53.30%, indicating strong market interest and potential growth opportunities in the automotive parts sector [1][2]. Financial Performance - For the period from January to September 2025, Aerospace Intelligent Manufacturing reported a revenue of 6.707 billion yuan, representing a year-on-year growth of 22.01%. The net profit attributable to shareholders was 651 million yuan, reflecting a growth of 21.43% [2]. - The company has distributed a total of 486 million yuan in dividends since its A-share listing, with 321 million yuan distributed over the past three years [3]. Stock Market Activity - As of December 23, the stock price was 24.88 yuan per share, with a trading volume of 4.32 billion yuan and a turnover rate of 4.72%. The total market capitalization stood at 21.034 billion yuan [1]. - The stock has experienced a net outflow of 20.81 million yuan from main funds, with significant buying and selling activity noted in large orders [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders was approximately 40,500, a decrease of 4.69% from the previous period. The average number of circulating shares per shareholder increased by 4.92% to 9,212 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 5.5345 million shares, an increase of 484,900 shares compared to the previous period [3].

Group 1 - The meeting on December 22 involved Zhejiang Securities and Taizhou Ocean Investment Development Group, focusing on financial services for marine economy projects [2][5] - Zhejiang Securities aims to support the development of marine economy by providing comprehensive financial services, including equity financing, bond issuance, and mergers and acquisitions [2][6] - Taizhou Ocean Investment Group highlighted its core projects such as the construction of Toumen Port and offshore wind power development, expressing a need for project financing and supply chain financial services [6] Group 2 - Both parties reached a consensus on cooperation in marine economic financing innovation and industrial mergers and acquisitions [3][6] - The collaboration will emphasize the issuance of green bonds and supply chain financial cooperation, leveraging Zhejiang Securities' full-chain investment banking services [3][6] - The partnership aims to enhance the marine industry upgrade and inject financial momentum into the construction of the Zhejiang Marine Economic Demonstration Zone [3]

今年前三季度，深圳地区生产总值达27896.44亿元，同比增长5.5%。亮眼数据背后，是深圳坚持"工业 立市、制造业当家"，大力发展新质生产力的坚实步伐。全球首个5G-A人形机器人火炬手"夸父"的亮 相，人工智能、海洋经济等新兴产业的崛起，驱动产业向高端化迈进。同时，城市更新、交通网络与生 态环境建设协同推进，近七成财政支出持续投入民生领域，筑牢"幼有善育、学有优教、劳有厚得、病 有良医、老有颐养、住有宜居、弱有众扶"的幸福基底。 "百县千镇万村高质量发展工程"（以下简称"百千万工程"）实施已满三年，作为经济大市，深圳坚决扛 起"百千万工程"政治责任，以头号力度推进落实。2025年，深圳安排省内对口帮扶资金39.15亿元，选 派干部一线奋战，与汕头、河源、汕尾、潮州共建产业合作园区，创新"反向飞地"等模式。深圳2023 年、2024年连续两年在全省"百千万工程"考核中名列首位。深圳的社会力量也被广泛动员，形成"千企 帮千镇、万企兴万村"的生动局面。 在深汕特别合作区，"飞地"发展引擎作用凸显。前三季度地区生产总值同比增长7.2%，规模以上工业增 加值保持两位数高增长。这里正加速建设世界一流汽车城核心区，小漠国 ...