Core Viewpoint - The Guangdong Marine Energy Industry Technology Innovation High-Quality Development Seminar highlights Guangdong's achievements in marine energy development and aims to explore new technologies, models, and business formats for high-quality development in the marine energy sector [2][4]. Group 1: Government and Policy Support - Guangdong is accelerating the transformation of marine resource advantages into development advantages, aiming to inject new momentum into the high-quality development of the economy and society [4]. - The provincial government has made the construction of a strong marine province a key breakthrough in its strategic deployment [4]. Group 2: Industry Growth and Achievements - By 2024, Guangdong's marine production value is expected to exceed 2 trillion yuan, with traditional marine industries' added value reaching 680 billion yuan, a year-on-year increase of 7.5% [6]. - The emerging marine industries' added value is projected to reach 41.1 billion yuan, with a year-on-year growth of 8.3% [6]. - The offshore wind power industry has seen a tenfold increase in installed capacity, reaching 12.51 million kilowatts, making Guangdong the leader in the nation [6]. Group 3: Technological Innovations - Guangdong has established a comprehensive offshore wind power industry chain, including research, manufacturing, installation, operation, and testing [6]. - Innovative projects such as the "Fuxi No. 1" wind-fishing integration platform and the world's first 11,000-meter ultra-deepwater drilling vessel have been launched [8]. - The province is also pioneering in hydrogen energy with large-scale electrolysis projects and exploring synergies between offshore wind power and hydrogen production [8]. Group 4: Collaborative Initiatives - Several strategic cooperation projects were signed during the seminar, including partnerships for green ship fuel production and offshore wind power-driven hydrogen production technology [10]. - The establishment of the Greater Bay Area Green Ship Fuel Industry Innovation Consortium reflects Guangdong's leadership in energy technology innovation and industrial collaboration [10]. Group 5: Future Directions - The National Energy Administration emphasizes the importance of developing marine energy for energy security and transition, with Guangdong playing a crucial role in offshore wind power development [11]. - The focus on innovative development models such as "energy-fishing-tourism" and "wind-hydrogen-methanol-shipping" showcases the potential for a restructured marine industry ecosystem [9].

8月31日，由广东省发展和改革委员会、广东省科学技术厅、广东省能源局指导，中国广核集团主办的 广东海洋能源产业科技创新高质量发展研讨会在深圳举行，来自政府单位、高等院校、科研院所、开发 企业、产业链企业的400余名代表参会。本次大会以"向海图强能创未来"为主题，集中展现广东作为海 洋经济大省在海洋能源产业发展中取得的成绩，研究探讨海洋能源发展新技术、新模式、新业态，共绘 广东海洋能源高质量发展新蓝图。 广东省委常委、常务副省长张虎，国家能源局总经济师鲁俊岭，广东省发展改革委党组书记、主任艾学 峰，国家能源局南方监管局党组书记、局长郑毅，深圳市委常委、常务副市长陶永欣，广东省能源局党 组书记、局长刘文胜，中国广核集团党委副书记、总经理高立刚，中国工程院院士、深圳大学特聘教授 谢和平等出席大会，中国广核集团党委常委、副总经理李亦伦主持会议。 广东省委常委、常务副省长张虎表示，广东正加快把海洋资源优势转化为发展优势，为打造"海上新广 东"、推动广东经济社会高质量发展注入新动力。广东愿携手各方，充分发挥海的优势、挖掘海的潜 力，推动蓝色经济高质量发展、海洋文化深度交融、海洋生态持续改善。 锚定海洋强省目标 氢能领域， ...

全球最大风轮(292米)叶片在东方市成功下线、在临高打造海上漂浮式风电母港、打造全球首个百万吨级 绿色电氢氨醇基地……这是明阳集团近年来在海南的产业发展足迹。 作为全球新能源装备行业的领军企业，自2020年起，明阳集团就开始在海南进行产业布局，充分发挥全 球领先的装备技术、应用场景和供应链协同优势，力争在海南实现从技术和装备研发、测试认证到生产制 造、规模应用的全产业链集群。"推动海洋技术高端化，打造国家海洋领域新质生产力的重要实践地、策源 地，海南大有可为。"张传卫说。 如今，明阳集团在三亚已布局了深远海国家深蓝科创中心和国际总部，打造世界一流的海洋能源研究院; 并携手巴斯夫、道达尔等国际能源化工巨头和央国企，打造海洋智能装备和绿色化工能源的全球科创高地。 海南日报全媒体记者 周晓梦 "我们2020年布局海南，未来计划扎根海南，再造一个'新明阳'。"8月29日，在"支持民营企业参与海南自 由贸易港建设政策项目推介会"上，明阳智慧能源集团股份公司(以下简称明阳集团)董事长张传卫接受海南日 报全媒体记者采访时如是表示。 同时，明阳集团坚定推动产业集群化，在东方市布局10兆瓦至30兆瓦全球化超级灯塔工厂;在文昌市 ...

Core Viewpoint - The company reported a stable performance in H1 2025, with revenue growth and a slight decline in net profit, indicating a solid financial position and effective cost control despite challenges in profit margins [1][2][3]. Financial Performance - In H1 2025, the company achieved revenue of 32.05 billion yuan, a year-over-year increase of 20.4%, while the net profit attributable to shareholders was 1.61 billion yuan, remaining flat compared to the previous year [1]. - In Q2 2025, the company recorded revenue of 18.78 billion yuan, up 26.6% year-over-year, but net profit decreased by 3.6% to 1.06 billion yuan, attributed to a high base from the same period last year [1]. - The company maintained a good cost control with a total expense ratio of 7.9%, down 2.1 percentage points year-over-year, mainly due to a reduction in R&D expenses [1]. Product Development and Market Position - The company is accelerating the commercialization of high-end optical fiber products, including ultra-low loss fiber and multi-core fiber, with advanced loss values achieved in specific bands [1]. - The company is investing in AI advanced fiber expansion projects, expected to be completed by February 2026, which will likely enhance the gross margin of its fiber business [1]. Order Backlog and Market Demand - As of H1 2025, the company has a backlog of orders in the energy interconnection sector amounting to approximately 20 billion yuan, with strong demand in deep-sea applications [3]. - The company has secured over 2.6 billion yuan in new marine energy projects in H1 2025, indicating robust domestic and international order inflow [2][3]. - The company is positioned as one of the four domestic firms capable of cross-ocean cable engineering, with a significant backlog in marine communication business amounting to about 7.5 billion yuan [3]. Profitability Forecast - The company is expected to see continued improvement in profitability, with projections for net profit attributable to shareholders of 3.37 billion yuan, 3.90 billion yuan, and 4.52 billion yuan for 2025-2027, respectively [3].

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) demonstrated strong resilience in the first half of 2025, achieving a net profit of 69.5 billion yuan despite a 15.1% decline in Brent crude oil prices, showcasing its ability to maintain stable development amid cyclical challenges [1][4]. Group 1: Performance Metrics - Total operating revenue reached 207.608 billion yuan, with a net profit attributable to the parent company of 69.5 billion yuan, reflecting a 13% decrease year-on-year [1]. - Oil and gas net production hit 384.6 million barrels of oil equivalent, marking a 6% increase year-on-year, with significant contributions from both domestic and international production [2]. - Natural gas production rose to 14.64 billion cubic meters, a substantial 12% increase compared to the previous year, outperforming industry averages [3]. Group 2: Strategic Initiatives - CNOOC's strategy focuses on stabilizing mature oil fields, accelerating new oil field development, expanding low-permeability oil, and enhancing natural gas production, which has led to record production levels [2]. - The company has made significant advancements in exploration, with five new discoveries and successful evaluations of 18 oil and gas structures, expanding its international resource base [5]. - CNOOC plans to invest between 125 billion to 135 billion yuan in capital expenditures for 2025, ensuring robust support for production targets and sustainable development [5]. Group 3: Cost Management and Innovation - The average cost per barrel of oil equivalent remained competitive at 26.94 USD, slightly lower than the previous year, underpinning the company's profitability [3]. - CNOOC employs a cost-leading strategy, integrating lifecycle management and benchmarking against top international firms to maximize efficiency [3]. - Technological innovations, such as advanced geophysical techniques and smart injection technologies, have significantly improved resource utilization and reduced extraction costs [6]. Group 4: Long-term Growth and Investment Value - CNOOC's dual focus on production growth and lean cost control breaks the traditional reliance on oil prices for profitability, achieving a net profit decline smaller than the oil price drop [4]. - The company is committed to enhancing shareholder returns, with a dividend payout ratio set to exceed 45% from 2025 to 2027, and plans to distribute an interim dividend of 0.73 HKD per share [8]. - Institutional recognition of CNOOC's growth potential is increasing, with analysts highlighting its ability to navigate oil price cycles and its strong cost control capabilities [9].