Core Viewpoint - China Power, a listed platform under China Shipbuilding Group, is expected to benefit significantly from the recovery of the shipbuilding industry by the end of 2025, with nearly 70% of its gross profit coming from diesel power business due to several major asset restructurings [1] Group 1: Company Overview - China Power encompasses all mainstream power system types in the current market [1] - The company has undergone multiple significant asset restructurings, positioning itself favorably in the industry [1] Group 2: Market Position and Performance - By the end of 2025, the low-speed diesel engine competitive landscape is expected to improve, leading to a rise in both product volume and price, thereby enhancing the company's leading position [1] - The after-market for marine engines is projected to exceed 100 billion yuan, indicating stronger profitability and higher barriers to entry [1] Group 3: Future Growth Potential - The company is strategically positioned to create a second growth curve by fully engaging in the marine engine manufacturing and maintenance sector, aiming to become a global leader [1] - Given the improved industry sentiment and the company's solid market position, the operational status is stable, and future development trends appear positive, leading to an upgraded rating to "Buy" [1]