编号：2025-17 | □特定对象调研 | □分析师会议 | □媒体采访 | □业绩说明会 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 投 | 资 | 者 | 关 | 系 | 活 | □新闻发布会 | √路演活动 | 动类别 | | | | √现场参观 | □其他 | （请文字说明其他活动内容） | | | | | | | | | | 参加此次现场调研的机构有： | 瑞银证券、Citi | 花旗银行、野村东方国际证券、CLSA | 中信 | UBS | | | | | | | | 参 | 与 | 单 | 位 | 名 | 称 | 里昂、华泰证券、长江证券、中金公司、North | Capital、淡 | Rock | 及人员姓名 | 水泉投资、招商局资本、中银基金、国新投资、阳光资产、中汇 | | 人寿保险、西部利得基金、百年保险资管、泓德基金、超扬天辰、 | 上海开思基金、运舟资本、爱建证券等 | | | | | | | | | | | 时间 | 年 | 月 | 日 | 2025 ...

Group 1 - Guangdong Songfa Ceramics Co., Ltd. announced that its subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., received government infrastructure fee allocation totaling 260 million RMB on July 18, 2025, which will be recognized as deferred income [2] - This is the second government subsidy received by Hengli Heavy Industry, following a previous allocation of 120 million RMB on June 16, 2025, bringing the total to 380 million RMB [2] - Hengli Heavy Industry was established to revitalize idle assets and expand effective investment, acquiring the former STX Dalian shipyard for 2.11 billion RMB to create a world-class high-end shipbuilding base [2] Group 2 - Hengli Heavy Industry's first phase project, "Ocean Factory," commenced production in January 2023, followed by the second phase project, "Future Factory," which focuses on high-value green ships and advanced marine equipment manufacturing [3] - Upon full production, Hengli Heavy Industry is expected to process 2.3 million tons of steel annually, produce 180 marine engines, and achieve an annual output value exceeding 70 billion RMB [3] - The company is currently a wholly-owned subsidiary of Songfa Co., which is raising up to 4 billion RMB to support Hengli Heavy Industry's strategic development, enhancing production efficiency and technological innovation [3] Group 3 - In 2024, Hengli Heavy Industry ranked fifth globally and fourth in China for new orders, with over 60 ships under construction and approximately 170 orders scheduled through 2029 [4] - The company aims to leverage its platform advantages to deepen its focus on high-end equipment research and manufacturing, enhancing its core competitiveness through technological innovation and lean management [4]