Core Viewpoint - The marine economy in China is rapidly growing, with a first-quarter marine GDP of 2.5 trillion yuan, reflecting a year-on-year increase of 5.7%, surpassing the national GDP growth rate by 0.3 percentage points, indicating its importance as a growth driver for the economy [1] Group 1: Current Development and Trends - The marine economy is divided into upstream, midstream, and downstream sectors, with upstream focusing on marine equipment and materials manufacturing, midstream covering marine fisheries, oil and gas, salt, mining, transportation, and tourism, and downstream involving reprocessing and retail of marine products [2] - There are 28,104 marine economy-related enterprises in China, predominantly located in coastal regions, with Shandong leading with 1,963 companies, followed by Zhejiang with 3,238, and Jiangsu with 3,200 [4] Group 2: Future Projections - The marine GDP is projected to reach 13 trillion yuan by 2025 and exceed 20 trillion yuan by 2030, with the marine GDP expected to account for over 15% of the national GDP [5] Group 3: Strategic Planning for Marine Economy - Local governments should develop marine economy strategies based on regional resources, industry foundations, and national strategic needs, focusing on multi-dimensional collaborative development [6] - Emphasis on building a modern marine industry system that prioritizes high-value-added industries, such as deep-sea aquaculture and marine clean energy [9] - Encouragement of industry integration and clustering around port economies to enhance urban functions and promote spatial agglomeration [10] Group 4: Innovation and Technology - Establishment of collaborative platforms for industry, academia, and research to focus on marine biotechnology and smart ocean initiatives, supported by state capital [11] - Development of industry standards for deep-sea aquaculture and ecological restoration to ensure sustainable practices [12] Group 5: Regional and International Cooperation - Promotion of land-sea coordination and cross-regional collaboration to provide inland areas with access to maritime resources [13] - Development of open economic mechanisms to leverage international trade and investment opportunities [14] Group 6: Environmental and Policy Considerations - Prioritization of ecological sustainability through optimized resource utilization and pollution monitoring systems [15][16] - Implementation of supportive policies to enhance the business environment and facilitate financing for marine projects [17][18] Group 7: Case Studies - Qingdao focuses on integrating AI with marine industries, establishing national laboratories, and promoting deep-sea aquaculture [19][20] - Shanghai leverages its international shipping center status to develop shipping services and deep-sea wind power [22][23] - Shenzhen aims to become a global marine center by advancing marine electronic information and deep-sea technology [26][27] Group 8: Conclusion - The marine economy is transitioning towards innovation-driven and green low-carbon development, showcasing China's strategic potential in reshaping the global marine economic landscape [30][31]

Core Viewpoint - The draft regulation for promoting the marine economy in Qingdao emphasizes the need for the development of high-end, intelligent, unmanned, and green marine vessels and engineering equipment, aiming to enhance the overall capabilities in design, manufacturing, and system integration [1] Group 1: Industry Development - The government is encouraged to promote the high-end, intelligent, unmanned, and green development of marine vessels and engineering equipment [1] - There is a focus on improving the design, manufacturing, system integration, and general contracting capabilities of marine vessels and engineering equipment [1] - The regulation aims to enhance the construction capabilities for deep-sea oil and gas development equipment [1] Group 2: Port and Infrastructure - Support for integrated port development is highlighted, with an emphasis on optimizing port infrastructure [1] - The regulation aims to expand the maritime route network and improve the comprehensive transportation system [1] - The transformation of Qingdao Port into a hub port, trade port, and financial port is promoted, along with the construction of an international shipping center [1]

《青岛市海洋经济促进条例(草案)》公开征求意见。其中提到，市、区(市)人民政府应当加强对海洋经 济促进工作的组织和领导，将海洋经济发展纳入国民经济和社会发展规划，完善促进海洋经济发展体制 机制；市人民政府推动建立海洋经济融入国家区域重大战略机制，服务和融入黄河流域生态保护和高质 量发展重大国家战略，推动建立海洋经济区域合作机制，构建区域协同创新体系。加强本市与北部海洋 经济圈城市协同联动，推动青岛都市圈海洋经济融合发展；市、区(市)人民政府及其有关部门应当构建 陆海统筹、全域联动、资源融通的海洋经济总体布局，提升海洋传统优势产业，壮大海洋新兴产业，培 育海洋未来产业，完善现代海洋产业体系。 ...

Core Insights - The marine economy in China showed a positive development trend in Q1, with a total marine production value of 2.5 trillion yuan, representing a year-on-year growth of 5.7%, which is 0.3 percentage points higher than the GDP growth rate [1] - The marine resource guarantee level has improved, with new approvals for marine and island use covering 71,000 hectares and involving an investment of 185.6 billion yuan [1] - Traditional marine industries are stable, with significant growth in marine transportation and tourism sectors, where marine cargo turnover and freight volume increased by 5.8% and 4.2% respectively [1] Marine Emerging Industries - The marine engineering equipment manufacturing sector is experiencing rapid growth, with new marine engineering orders increasing by 57.1% year-on-year [2] - Progress in marine biomedicine includes the initiation of Phase II clinical trials for a new anti-tumor drug, BG136 [2] - The marine information service industry is being cultivated, with the launch of the "Hanhai Zhiyu" marine large language model and stable operation of national marine data platforms [2] Marine Foreign Trade - Marine foreign trade has shown resilience despite global economic challenges, with a slight increase of 0.1% in marine import and export total [2] - High-end, intelligent, and green marine product exports are performing well, with ship and marine engineering equipment exports growing by 10.8% and wind turbine exports increasing by 43.2% [2] Future Outlook - The long-term positive trend of the marine economy remains unchanged, supported by a series of national macro policies [3] - There is a focus on accelerating the implementation of marine sector policies and fostering new productive forces in the marine economy [3] - The aim is to promote the construction of a modern marine industry system and support high-quality development of the marine economy [3]

Core Viewpoint - The marine engineering equipment manufacturing industry in China is experiencing high-quality development, significantly supporting the marine economy and the construction of a maritime power. The industry is projected to achieve a value-added of 103.2 billion yuan in 2024, representing a growth of 9.1% compared to 2023 [1][20]. Group 1: Industry Overview - The marine oil and gas engineering equipment sector is crucial for the development of marine resources, with advancements in technology leading to the establishment of various standards and series of equipment [1][4]. - Recent achievements include the construction of significant marine equipment such as the FPSO "Ocean Oil 119" and the semi-submersible production and storage platform "Deep Sea No. 1" [1][20]. - The utilization rates of marine drilling equipment in China are notably higher than the global average, with mobile drilling equipment at 93% [1][20]. Group 2: Industry Development History - The marine oil and gas engineering equipment industry in China began in the 1960s, initially relying on imported technology and equipment. Over the decades, the industry has evolved, with significant advancements in domestic capabilities [6]. - The introduction of policies supporting equipment localization has led to breakthroughs in key technologies, particularly in deepwater and ultra-deepwater equipment [6][8]. Group 3: Industry Policies - The Chinese government has implemented various policies to support the marine engineering equipment sector, including plans to enhance the production capacity of marine engineering products and accelerate the development of new equipment [8][10]. - The Ministry of Industry and Information Technology has also promoted the integration of 5G technology in marine applications, enhancing operational efficiency [8][10]. Group 4: Industry Chain - The marine oil and gas engineering equipment industry chain consists of upstream design and raw material supply, midstream manufacturing, and downstream service provision to oil service companies and operators [11]. Group 5: Market Trends - The industry is expected to see continued demand growth, particularly in deepwater and unconventional resource development, driven by technological advancements and the push for sustainable practices [29][30][32]. - The focus on green technology and low-carbon solutions is becoming increasingly important, with a shift towards renewable energy equipment and environmentally friendly materials [30][32]. Group 6: Key Companies - Major players in the industry include CNOOC Engineering, CNOOC Services, and China Shipbuilding Industry Corporation, which dominate various segments of the marine oil and gas exploration and production equipment market [22][23]. - CNOOC Engineering is recognized as the largest marine oil and gas engineering contractor in the Asia-Pacific region, while CNOOC Services is a leading offshore drilling contractor [25][27].

Group 1: Travel Market Trends - The travel market is experiencing a surge in activity as the "May Day" holiday approaches, with online hotel and flight searches significantly increasing, indicating a peak in bookings [1] - Domestic travel bookings for the "May Day" holiday have more than doubled compared to the same period last year, with self-driving tours, free travel, and group tours showing particularly high growth [1][2] - Online travel platforms report a core business growth of over 70% for hotels and tickets, driven by the extended holiday period [1] Group 2: Booking Statistics - Tuniu's data shows that group booking numbers for the "May Day" holiday increased by over 220% week-on-week, with hotel bookings up over 120% and flight bookings up over 80% [2] - As of April 27, domestic flight bookings for the "May Day" holiday reached over 6.34 million, a year-on-year increase of approximately 23%, while international flight bookings exceeded 1.09 million, up about 24% [2] Group 3: Emerging Travel Opportunities - The rise of "port tourism" and "marine economy" is creating new growth opportunities in cultural and tourism consumption, with significant increases in searches for hotels and food near various ports [3] - The popularity of seaside and island tourism is also on the rise, with searches for activities like "sea fishing" and "boat charters" seeing substantial growth [3] Group 4: Accommodation Trends - Tujia's report indicates that popular cities for accommodation bookings have seen an average year-on-year increase of over 30%, with Qingdao being the most popular destination [4] - Hotel booking rates for the "May Day" holiday have increased by 1.3 percentage points compared to last year, with a notable rise in bookings for less accessible small cities [4] Group 5: Promotional Activities - Huazhu Group has launched various promotional activities to welcome the "May Day" holiday, including a plan that covers over 11,000 hotels nationwide, offering nearly 100 million yuan in discounts [5]

□ 本报记者胡春春 当前，2025年一季报进入披露高峰期。据不完全统计，截至目前，约有近百家江苏上市公司，或在一季 报、或在与投资者交流过程中，明确表示订单充足、订单增长。从整体观察看，今年以来，新兴产业订 单增量较大，传统行业努力稳住营收，海外市场拓展成绩陆续落地，呈现出大单"亮眼"、海外订单占比 增加、高端制造占据盈利点C位等特点，尤其是许多企业海外订单营收占比超过了50%。 政策利好，手握大额订单 扬杰科技董秘范锋斌介绍，目前公司处于满产满销状态，越南二期项目也已启动，预计在2025年底实现 量产。未来公司有望凭借海外渠道和品牌优势加速海外市场渗透，全球化战略将进一步提升公司在国际 市场的综合实力。 无锡的德科立是光电子器件行业比较有代表性的江苏企业。光电子器件企业的发展，离不开国际市场锤 炼与竞争。和扬杰科技一样，德科立也非常重视海外市场的布局。去年，该公司实现营业总收入8.41亿 元，同比增长2.79%；归属净利润1亿元，同比增长9.07%，其中海外市场收入占比逾30%。德科立相关 负责人表示，随着泰国制造基地的投产运营，未来3—5年内，公司海外需求有望攀升，收益弹性或将远 超国内。 光通信行业龙头 ...

Group 1 - The travel demand for the upcoming "May Day" holiday is significantly increasing, with search interest up 326% year-on-year as of April 27 [1] - Post-holiday, flight and hotel booking interest has risen by 90% year-on-year [1] - Coastal tourism and marine economy are emerging as new growth opportunities, with tourism growth rates exceeding 30% in provinces like Yunnan, Guangdong, and Guangxi, and nearly 50% in Xinjiang [1] Group 2 - Hotel search volume near Guangxi Dongxing Port has increased by 255%, while food search volume has risen by 171% since mid-April 2025 [1] - Hotel search volume near Yunnan Mohan Port has surged by 366%, and search interest for hotels near Zhuhai Gongbei Port has increased by 214% [1] - In Xinjiang, searches for "Horgos food" and "Alashankou hotel" have skyrocketed by 486% and 500%, respectively, due to increased trade activity along the Silk Road [1] Group 3 - The marine economy is thriving, with searches for "sea fishing charter" and "deep-sea fishing" rising by 262% and 124%, respectively [2] - Popular destinations for marine tourism include Zhuhai, Sanya, and Huizhou [2] - The entertainment economy is also flourishing, with searches for "music festival support makeup" increasing by 179%, particularly among the younger demographic [2]

Core Viewpoint - Fuzhou is accelerating the construction of the "Offshore Granary" to enhance its marine economy and promote local seafood brands such as abalone, kelp, and eel [1][2] Group 1: Development Initiatives - Fuzhou is leveraging the opportunity to build a national marine economy development demonstration zone, focusing on deep-sea aquaculture and establishing a "1+6+4" marine innovation system [1] - The city plans to implement a revitalization action for aquatic seed industry, innovating and cultivating new aquaculture species suitable for local conditions [1] - Fuzhou aims to develop deep-sea aquaculture by constructing deep-sea farming sites and supporting the establishment of more deep-sea aquaculture platforms [1] Group 2: Industry Collaboration and Branding - The city is focusing on industrial synergy and implementing an industrial integration project, emphasizing the processing of abalone, kelp, and fish paste to strengthen local specialties like fish balls and Buddha Jumps Over the Wall [2] - Fuzhou is working on brand enhancement initiatives to promote local seafood brands and plans to establish a "Fuzhou Fish" brand promotion base [2] - The city is enhancing marine technology innovation capabilities and promoting the application of new technologies and products in the marine sector [2] Group 3: Financial and Regulatory Support - Fuzhou is deepening the reform of aquaculture rights and encouraging banks to collaborate with grassroots organizations to develop financial products that benefit fishermen [2] - The city is exploring socialized services for fishing vessel inspections through government procurement, aiming to separate inspection and management functions [2]

Group 1 - The "Opportunities in the Bay Area" theme interview activity was launched in Shenzhen to report on the achievements and prospects of the Guangdong-Hong Kong-Macao Greater Bay Area, coinciding with the 6th anniversary of the release of the development plan [1] - In 2024, Shenzhen's advanced manufacturing value-added is expected to grow by 11.4%, with integrated circuits, industrial robots, smartwatches, and mobile phones accounting for 14.8%, 24.1%, and 23.4% of national production respectively [1] - Shenzhen has over 4,000 innovation carriers and 25,000 national high-tech enterprises, with a continuous lead in PCT international patent applications for 21 years [1] Group 2 - In 2024, Qianhai's GDP is projected to reach 300.88 billion yuan, with a year-on-year growth of 8.6%, fixed asset investment of 169.1 billion yuan, and total import and export volume of 706.65 billion yuan, reflecting a vibrant development trend [2] - Qianhai aims to focus on modern service industries, leveraging Hong Kong's advantages to create a high-quality modern service system, promoting the integration of industries and supply chains [2] - The area will support innovation in fields such as artificial intelligence, robotics, data, and marine economy, enhancing the synergy between modern services and advanced manufacturing [2]