统计数据显示，武汉阳逻港今年1—5月国际直航货运量达到10.81万吨，超越2018年全年总量10.05万 吨，创下近十年来出入境船舶年货运量新高。 船舶"直靠"助力通航效率提升 今年以来，阳逻港国际航线靠泊效率不断提升。 按照传统规定，外籍船舶靠泊在中国港口，需先在规定的锚地等候，海关、边检、海事等部门会分别对 船舶进行检查，在检验完成、相关手续完备以后，船舶才可以进入港口进行货物装卸。每个部门检查至 少一天，整个流程至少需要三天。 累计开通5条国际直航航线 巴拿马籍船舶"康顺99"轮近日顺利靠泊武汉阳逻港，为湖北省龙头企业格林美（002340）从印尼苏拉威 西岛运回7968吨关键原材料。 这条江海直航航线的诞生，源于中国新能源产业对镍资源的迫切需求。镍作为生产动力电池正极材料的 关键原料，非常重要。然而中国镍资源探明储量仅占全球的2.45%，而印尼以5500万吨的储量占据全球 42%的份额。2019年，湖北龙头企业格林美在印尼苏拉威西岛建成电池级镍化学产品的湿法冶炼基地， 生产镍湿法冶炼中间品(MHP)等。可原料运输一度成为制约发展的瓶颈，格林美生产的MHP需要先海运 至广州黄埔港或江苏连云港，再经陆运转运 ...

Core Viewpoint - The article highlights China's dominance in the global shipbuilding industry, achieving a 74.7% share of new ship orders in 2024, effectively ending South Korea's 20-year reign as the leader in this sector [1][4]. Group 1: Historical Context - The shipbuilding industry has historically seen shifts in dominance among major nations, with the UK, Japan, and South Korea each holding the crown at different times [1][3]. - In 2000, South Korea surpassed Japan with a 40% market share, while China held only 4% at that time [3]. Group 2: Recent Developments - By 2024, China led in three key metrics: completion volume (55.1%), order backlog (61.4%), and new orders (74.7%), while South Korea's shares were significantly lower at 25.6%, 24.1%, and 17% respectively [4]. - China's new orders reached 87.11 million deadweight tons (DWT), a 51.7% year-on-year increase, while South Korea's new orders were only 10.98 million compensated gross tons (CGT) [4]. Group 3: Competitive Advantages - China's shipbuilding success is attributed to its scale, technology, and integrated supply chain, allowing for greater efficiency compared to South Korea's fragmented approach [6][7]. - The China State Shipbuilding Corporation (CSSC) has consolidated its shipyards to create a closed-loop system from design to construction, enhancing operational efficiency [6]. Group 4: Technological Advancements - China has made significant strides in high-end ship types, including LNG carriers, where it captured 48% of the global orders in 2024, closely trailing South Korea's 50% [8]. - The successful delivery of China's first self-developed large cruise ship, "Aida Magic City," demonstrates a shift from low-end manufacturing to high-end intelligent manufacturing [8]. Group 5: Green Technology Leadership - China leads in green shipbuilding, with green vessel orders rising from 8.2% in 2016 to 41% in 2024, capturing over 70% of global green ship orders [8][9]. - Innovations include the world's first LNG-powered ultra-large crude carrier and the largest dual-fuel powered car carrier, showcasing China's advancements in green technology [9][11].

Core Viewpoint - The Hainan International Ship Registration Administration has successfully completed the registration of the "Yuanhai Zeda" vessel, bringing the total number of registered vessels under the "China Yangpu Port" to 60, indicating a significant growth in the fleet size and operational capacity [1][2]. Group 1: Vessel Registration Growth - Since the establishment of the Hainan International Ship Registration Administration in November 2024, 16 new vessels have been registered under "China Yangpu Port," representing a growth of 34.8% [1]. - The total carrying capacity of the registered vessels has reached 5.8365 million deadweight tons, reflecting the continuous expansion of the fleet [1]. Group 2: Policy and Service Enhancements - The administration has implemented ten measures to optimize government services, including "service specialists," "proactive services," and "simplified approvals," aimed at enhancing service convenience and efficiency [2]. - Efforts to promote international cooperation and policy advocacy include participation in global maritime forums and direct engagement with international shipping companies to highlight the advantages of registering under "China Yangpu Port" [2]. Group 3: Future Goals - The administration aims to reach a target of 100 registered vessels in the near term by leveraging the advantages of the "China Yangpu Port" registration system and continuously innovating service measures [3].

Group 1 - The Japanese shipbuilding industry is experiencing a boom, with a surge in dry dock orders and rising prices over the next three years. The industry's survival depends on forming alliances to challenge the dominance of Chinese and Korean companies [1] - The "Imabari Shipbuilding Maritime Exhibition" held in Imabari City attracted about 380 companies from 24 countries, marking a historical high in participation [3] - The 2024 newbuilding price index from Clarkson Research reached 189.2, up from 178.4 in 2023 and a 50% increase from the 2020 low. As of April, the backlog for Japanese shipbuilders was approximately 3.7 years [4] Group 2 - Japan's second-largest shipbuilding company, Japan Marine United (JMU), reported a consolidated net profit of 19.9 billion yen (approximately 138 million USD) for the fiscal year ending in March, a 5.4-fold increase from the previous year [5] - Mitsui Engineering & Shipbuilding, which has shifted focus from shipbuilding to marine engines and port cranes, reported a net profit of 39 billion yen, a year-on-year increase of about 60% [6] Group 3 - Japanese shipbuilders are losing global market share to Chinese and Korean competitors, with projections indicating that in 2024, Chinese shipyards will account for 69% of new ship orders, Korea 15%, and Japan only 7% [7] - Japanese companies have minimal participation in the liquefied natural gas (LNG) carrier market, which is technically challenging but highly profitable. In 2024, Korean companies are expected to have 56 LNG carrier orders, while Chinese companies will have 37 [7] - Since 2016, Japanese companies have received very few orders, with 60% coming from Korea and 40% from China. Industry insiders believe the competition for LNG carriers is already decided [7] Group 4 - To compete with China and Korea, the Japanese Ministry of Land, Infrastructure, Transport and Tourism is providing approximately 120 billion yen in investment subsidies to 16 companies aimed at developing zero-emission vessels using hydrogen and methanol fuels [8] - The "Frontier Solutions Marine Design Initiative," a joint project between Imabari Shipbuilding and Mitsubishi Heavy Industries, is furthering the all-Japan framework, including a project to develop liquefied CO2 carriers for carbon capture transportation [8] Group 5 - The involvement of three major shipping companies in the initiative represents significant progress, making it easier to secure orders for next-generation vessels. Simplified designs are expected to shorten delivery times and enhance shipyard revenues [10]

公司2024 年毛利率10.20%/同比-0.37pcts，销售净利率4.91%/同比+0.96pcts，期间费率6.61%/同 比-0.87pcts，管理/研发/财务/销售同比-0.20/+0.40/-0.25/-0.82pcts，单季看，24Q4 毛利率12.20%/同比 2.55、环比0.58pcts，销售净利率6.69%/同比+5.14、环比+2.25pcts，期间费率7.26%/同比-1.45、环 比-0.86pcts。 得益于交付规模逐渐增加，公司各项费用率持续下滑，净利率提升高于毛利率。 事件 公司公布2024 年报及2025 年一季报。2024 年实现营业收入785.84 亿元，同比增长5.01%；实现归母净 利润36.14 亿元，同比增长22.21%；25Q1 实现营业收入158.58 亿元，同比+3.85%；实现归母净利润 11.27 亿元，同比+180.99%。 净利率改善明显，规模效应初现 短期船价以及新接订单受特殊事件影响，长期看周期趋势不变受特殊事件影响以及2024 年新船市场的 高基数，年初至今新船造价以及新接订单同比略有下滑，但长期看"产能受限+船舶老化+环保要求"三 大逻辑仍 ...

包括最新承接的2艘LNG加注船在内，HD韩国造船海洋今年以来承接的新船订单已达55艘、67亿美元 （约合481亿元人民币），完成了全年接单目标180.5亿美元（约合1320亿元人民币）的约37.1%，包括1 艘LNG运输船、6艘LNG加注船、1艘超大型液氨运输船（VLAC）、34艘集装箱船、2艘超大型乙烷运 输船（VLEC）、6艘油船、5艘中型LPG/液氨运输船。 5月23日，韩国HD现代集团造船业务控股公司HD韩国造船海洋宣布，与一家欧洲地区船东签订了2艘 18000立方米LNG加注船的建造合同。 这份合同总金额为2706亿韩元（约合1.98亿美元、14.2亿元人民币），相当于单船造价9900万美元。这 两艘新船将在位于蔚山的HD现代尾浦建造，计划在2027年12月之前交付。 HD韩国造船海洋没有透露相关船东的具体信息。据外媒消息，这份订单来自西班牙航运公司 IBAIZABAL，新船将由壳牌长期租赁。值得一提的是，除了韩国订单，最近IBAIZABAL还与沪东中华 签署了1艘18600立方米加注船建造意向书。 作为可以在海上为其他船舶直接供应LNG的高技术高附加值船舶，LNG加注船是全球LNG加注基础设 施的 ...

Core Viewpoint - The shipping industry is moving towards cleaner and greener fuel sources, with a consensus reached at the International Maritime Organization's 83rd meeting to achieve net-zero emissions by 2051 [1][2] Group 1: Industry Transition to Clean Fuels - The shipping industry is transitioning from traditional fuel oils to cleaner fuels, with LNG and methanol being the preferred choices for future fuel [1][2] - The International Maritime Organization has set carbon emission reference indicators for ship fuels and established compliance goals, encouraging shipping companies to compare fuel economics [2] Group 2: Port Infrastructure and LNG Adoption - There are currently 198 ports globally capable of LNG bunkering, with major concentrations in Singapore, Rotterdam, and Shanghai due to their well-developed LNG infrastructure and dense shipping routes [1] - Shanghai has seen rapid growth in LNG bunkering since its first operation on March 15, 2022, driven by factors such as increased new ship deliveries and competitive LNG pricing [1] Group 3: Future Fuel Projections - Shipping companies will need to balance the use of clean fuels and traditional fuels to meet compliance targets, with traditional fuel vessels potentially increasing the use of biofuels and carbon capture technologies [2] - LNG dual-fuel vessels may incorporate biomass natural gas after 2031, while methanol vessels are expected to transition from traditional low-carbon methanol to higher proportions of green methanol over time [2]

证券代码：002806 证券简称：华锋股份 债券代码：128082 债券简称：华锋转债 广东华锋新能源科技股份有限公司 3、请问林程教授，年报提到同时聚焦低空经济、电动船舶 市场相关业务，提前谋划布局，全力推动市场开拓工作！具体有 哪些安排？如开展低空，以目前华锋区区二十亿不到的市值，是 肯定作为不大的，后续如何做到进一步引资？ 投资者您好：公司依托新能源汽车电控及驱动系统的技术积 累，积极布局低空飞行器核心部件，向低空飞行器的电机、电控 系统进行技术延伸；在电动船舶方面，开展电控技术迁移与产品 适配，转化为船舶动力系统，通过船级社认证，满足电动船舶对 高可靠性电控的需求。多谢您的关注。 4、请问对于接下来的车联网以及自动驾驶方面，公司有什 么布局？ 投资者您好：公司新能源汽车事业部将直面智能网联电动汽 车大发展的时代浪潮，充分发挥公司产学研深度融合的先天优 势，强化创新力度。借助 AI 赋能，将公司现有的电动商用车电 控系统产品拓展为面向下一代智能载运工具动力系统平台的智 能核心部件。多谢您的关注。 投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | -- ...

Core Insights - The Chinese shipbuilding industry is experiencing a remarkable transformation, leading the global market with a 69% share of new ship orders in April 2024, totaling 51 vessels and 2.51 million gross tons [1][2] - The industry is witnessing a significant increase in order volume, with new orders up 58.8% year-on-year and a backlog of orders projected to last until 2029 [2][4] - The merger between China Shipbuilding and China Shipbuilding Industry Corporation is a historic consolidation aimed at enhancing operational efficiency and competitiveness in the shipbuilding sector [4][5] Group 1: Industry Performance - In 2024, China's shipbuilding completion volume is expected to grow by 13.8%, with a 49.7% increase in the backlog of orders [2][3] - China has maintained its position as the world's largest shipbuilding nation for 15 consecutive years, with significant advancements in high-tech vessels such as LNG carriers [2][3] - The market share of new green ship orders in China reached 78.5%, indicating a strong focus on environmentally friendly technologies [2][3] Group 2: Technological Advancements - The delivery of the world's first fifth-generation large LNG carrier by Hudong-Zhonghua marks a significant milestone for China in the LNG shipping sector [2][3] - Chinese shipyards are leading in the construction of green vessels, with six shipyards ranking among the top ten globally for green power ship orders [3][4] - The industry is adapting to new technologies, including artificial intelligence and quantum technology, to maintain its competitive edge [7][9] Group 3: Financial Outlook - China Shipbuilding's revenue is projected to exceed 80 billion yuan by 2025, with a significant increase in the value of its order backlog [4][5] - The merger between China Shipbuilding and China Shipbuilding Industry Corporation is expected to create the largest listed company in the A-share market, enhancing overall operational efficiency [4][5] - The global shipbuilding market is facing challenges, including a decline in new orders, but the backlog remains strong, indicating a healthy demand for shipbuilding services [8][9]

作 者丨郑玮 编 辑丨周上祺 4月以来，一度流向韩国的国际船东们，正在重返中国造船市场。 英国造船和海运动态分析机构克拉克森研究最新数据显示，今年4月，大陆船企新承接5 1艘、 2 5 1万修正总吨的新船订单，以修正总吨（CGT）计， 占全球新船市场订单量约6 9%，重回 全球榜首 。 其 中 ， 中 国 船 舶 集 团 有 限 公 司 一 季 度 营 业 收 入 同 比 增 长 4% ， 利 润 总 额 同 比 增 长 2 6 . 6%，旗下中国船舶工业股份有限公司手持订单已排期至2 0 2 9年。 中国造船市场复苏态势也延续至5月。据国际船舶网跟踪，5月1 2日至5月1 8日一周之间，全球 船 厂 共 接 获 2 8+2 艘 新 船 订 单 ， 仅 中 国 船 厂 就 接 获 1 8+2 艘 新 船 订 单 。 其 中 ， 瑞 士 地 中 海 航 运 （ MSC ） 旗 下 客 渡 船 运 营 商 Gr a n d i Na v i Ve l o c i （ GNV ） 也 于 5 月 确 认 在 广 船 国 际 订 造 4 艘 LNG双燃料豪华客滚船。 和汽车工业类似，船舶工业涉及配套产业丰富，具备显著 ...