中国船舶（600150）(600150.SH)发布公告，公司拟以向中国重工（601989）全体换股股东发行A股股票 的方式换股吸收合并中国重工。换股实施股权登记日为2025年9月4日，换股比例为1:0.1339，即每1股 中国重工股票将转换为0.1339股中国船舶股票。2025年9月5日，中国重工A股股票将终止上市，中国重 工换股股东取得的中国船舶股票将于同日起在投资者账户中体现。本次交易完成后，中国重工将终止上 市并注销法人资格，中国船舶将承继及承接中国重工的全部资产、负债、业务、人员、合同及其他一切 权利与义务。 ...

每经AI快讯，9月4日，中国船舶（600150）(600150.SH)公告称，公司拟以向中国重工（601989）全体 换股股东发行A股股票的方式换股吸收合并中国重工。换股实施股权登记日为2025年9月4日，换股比例 为1:0.1339，即每1股中国重工股票将转换为0.1339股中国船舶股票。2025年9月5日，中国重工A股股票 将终止上市，中国重工换股股东取得的中国船舶股票将于同日起在投资者账户中体现。本次交易完成 后，中国重工将终止上市并注销法人资格，中国船舶将承继及承接中国重工的全部资产、负债、业务、 人员、合同及其他一切权利与义务。 ...

Core Viewpoint - The successful delivery and launch of the methanol-reserved vehicle carrier "Anji Dingsheng" by China Merchants Jinling Shipyard (Jiangsu) Co., Ltd. under the comprehensive safety assurance of Yangzhou Maritime signifies a significant advancement in the local shipbuilding industry and supports the green and low-carbon transformation of the shipping sector [1][3][4] Group 1: Ship Delivery and Management - The delivery of the "Anji Dingsheng" vessel was facilitated by a digital platform for comprehensive management, establishing a collaborative mechanism among maritime authorities, shipyards, and shipowners [3] - Yangzhou Maritime provided meticulous guidance during critical processes such as document handling and approval, ensuring efficient completion of delivery acceptance and administrative procedures [3] - A "net-style" inspection was conducted before the trial voyage to prevent any operational issues, and a rapid response center was utilized for comprehensive monitoring during the trial [3] Group 2: Vessel Specifications and Environmental Impact - The "Anji Dingsheng" is a new generation of ocean transport vessel, measuring 228.00 meters in length, 37.80 meters in width, and 15.40 meters in depth, with a draft of 9.1 meters and a design speed of 18.3 knots [4] - The vessel features a "methanol reserved" design, aligning with the national "dual carbon" strategy and exemplifying efforts to promote green and low-carbon transformation in the shipping industry [4] Group 3: Future Directions - Yangzhou Maritime aims to continue supporting the development of the local shipbuilding industry by enhancing the integration of shipbuilding and maritime services, optimizing support measures for the construction and delivery of more green vessels [3]

中国船舶公告，公司拟以向中国重工全体换股股东发行A股股票的方式换股吸收合并中国重工。换股实 施股权登记日为2025年9月4日，换股比例为1:0.1339，即每1股中国重工股票将转换为0.1339股中国船舶 股票。2025年9月5日，中国重工A股股票将终止上市，中国重工换股股东取得的中国船舶股票将于同日 起在投资者账户中体现。本次交易完成后，中国重工将终止上市并注销法人资格，中国船舶将承继及承 接中国重工的全部资产、负债、业务、人员、合同及其他一切权利与义务。 ...

中新网上海9月4日电 (李秋莹 何宝新)日前，中国船舶集团第七〇四研究所自主研制的新一代超重力船 用碳捕集系统，经中国船级社(CCS)全流程严苛验证表明，其再生能耗、捕集率、捕集液化纯度等核心 参数不仅全部达标，且位居行业领先水平，顺利获得原理样机认可(AiP)证书，向着实船应用又迈出了 关键的一大步，有望成为全球船舶碳减排领域具有竞争力的优选解决方案。 中国船舶 集团第七〇四研究所自主研制的新一代超重力船用碳捕集系统。受访者供图 该系统融合高效传质反应技术和高效传热节能设计，通过智能算法，达到动态调控系统运行工况的理想 操作路径，尤其是综合效能十分亮眼。燃料普适，呈现全碳基燃料兼容体系，无缝适配柴油、液化天然 气(LNG)、甲醇等全品类碳基燃料船舶，构建全行业实用的减排解决方案。 值得一提的是，该系统还体现了小型化、轻量化、智能化、低能耗和模块化等特点，市场应用场景十分 广阔。七〇四所自主研制的新一代超重力船用碳捕集系统成功获颁AiP证书，为全球航运业实现绿色、 零碳、可持续发展注入了新力量。(完) ...

都昌造船总厂有限公司董事长沈喜贵称，2025年，企业已承接14艘船舶订单，其中包含7艘新能源船， 预计全年有近90艘船舶参与以旧换新业务。 在都昌造船总厂有限公司的船台上，机器轰鸣、火星四溅，切割枪喷出火焰，老旧船舶钢板应声开裂。 工人们操纵起重机吊臂，精准将拆解下的废钢稳稳放在转运车上，锈迹斑驳的旧船骨架在机械作业声中 逐渐解构。 "根据江西省交通运输领域大规模设备更新政策，按船龄与船舶类型，船舶'以旧换新'按总吨数每吨补 贴700元至1000元，补贴直接发放给船东。"都昌造船总厂有限公司生产经理沈长久介绍，自2024年江西 多部门联合出台《江西省交通运输领域大规模设备更新行动方案》以来，该公司订单量激增，"仅今年 上半年就承接省内订单2.3亿元"。 宋代文豪苏东坡笔下的"鄱阳湖上都昌县"，拥有鄱阳湖三分之一水域，当地船舶产业基础扎实，发展壮 大船舶制造产业潜力巨大、前景广阔。近年来，该县加快推动船舶企业智能化、绿色化改造升级。 以都昌造船总厂有限公司为例，作为都昌县重点制造企业，该公司近年来累计投入5000万元进行技术改 造，大力开拓新赛道，积极承接绿色船舶制造订单。 江西都昌促进船舶业绿色转型 已完成3 ...

Core Viewpoint - The strategic merger between China Shipbuilding Industry Group and China Shipbuilding has been finalized, creating the world's largest listed shipbuilding company with total assets exceeding 400 billion yuan [1][4]. Summary by Sections Merger Details - The final share exchange ratio has been set at 1 share of China Shipbuilding for 0.1339 shares of China Heavy Industry, effective after the stock registration date on September 4 [2]. - Shareholders of China Heavy Industry will receive shares of China Shipbuilding based on this ratio, with provisions for fractional shares to be distributed fairly [2]. Financial Data - Post-merger, the total assets of the new China Shipbuilding will reach approximately 403.44 billion yuan, with net assets of 138.40 billion yuan [4]. - For the first half of 2025, China Heavy Industry reported a net profit of 1.745 billion yuan, a year-on-year increase of 227.07%, while China Shipbuilding reported a net profit of 2.946 billion yuan, up 108.59% year-on-year [4]. Strategic Goals - The merged entity aims to integrate key assets from China Heavy Industry, such as Dalian Shipbuilding and Wuchang Shipbuilding, to eliminate competition and enhance operational efficiency [5]. - The new company will focus on national strategic priorities, optimize its industrial layout, and enhance its research and manufacturing capabilities, aiming to become a world-class shipbuilding enterprise with international competitiveness [5].

Core Viewpoint - The merger between China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. has officially taken place, creating the world's largest publicly listed shipbuilding company with total assets exceeding 403.44 billion yuan and annual revenue surpassing 130 billion yuan [1][5]. Group 1: Merger Details - The share exchange ratio for the merger is set at 1:0.1339, meaning each share of China Heavy Industry will convert into 0.1339 shares of China Shipbuilding [1][2]. - The trading of China Heavy Industry's A-shares will officially cease on September 5, marking the completion of the merger [1][3]. - The merger transaction is valued at 115.15 billion yuan, making it the largest absorption merger in the A-share market in nearly a decade [5]. Group 2: Company Profiles - China Heavy Industry, established in March 2008 and listed in December 2009, is the largest shipbuilding and marine engineering equipment enterprise in China, covering a complete industry chain from design to construction [4]. - China Shipbuilding is the core military and civilian product company of the China Shipbuilding Group, with strong capabilities in high-end ship design and construction, as well as marine engineering equipment [4]. Group 3: Strategic Implications - The merger will eliminate competition between the two companies and enhance their core business focus, optimizing the shipbuilding sector's industrial layout [5]. - The combined entity aims to leverage synergies from both companies to enhance research and manufacturing capabilities, driving the shipbuilding industry towards higher-end, greener, smarter, and more standardized development [5].

Market Overview - The market experienced a downward trend, with the Shanghai Composite Index closing down by 1.16% and the Shenzhen Component Index down by 0.65%, while the ChiNext Index saw a slight increase of 0.95% [1] - A total of over 4,500 stocks declined across both markets, with a combined trading volume of 2.36 trillion [1] Sector Performance - The aerospace and aviation sector faced significant losses, closing down by 6.68%, with a cumulative decline of 9.47% for the week. Nearly 10 stocks, including AVIC and China Aerospace, hit the daily limit down [2] - The shipbuilding, aircraft carrier concept, and military-civilian integration sectors followed closely, each experiencing declines of over 4% [2] - Brokerage stocks collectively adjusted, with Guosen Securities and others dropping over 5%, while several stocks like First Capital and East Money fell by more than 4% [2] Precious Metals and Other Sectors - Precious metals opened high but closed lower, maintaining a weak consolidation above the midline, with an overall increase of 1.15%. Western Gold reached the daily limit up, while Zhaojin Mining fell by 6.93% [2] - Other sectors such as photovoltaic equipment, recombinant proteins, and gaming showed limited gains [2] Investor Sentiment - The market displayed clear weakness, particularly in the afternoon, as cautious sentiment spread, leading many investors to opt for profit-taking, which accelerated the index's decline [2] - Overall, there is a potential for short-term correction and adjustment, which may also present opportunities for portfolio reallocation [2]

Group 1 - The A-share market is currently in a favorable environment with intertwined domestic and foreign policy benefits and ample liquidity, as indicated by the significant improvement in market funding conditions and continuous trading volume exceeding 2 trillion yuan [1][2] - The TMT sector is expected to maintain high growth in earnings due to the dual drivers of the AI wave and domestic substitution, which will likely lead to increased industry performance [1][2] - The market is experiencing a mixed performance with various sectors showing different trends, where gaming, photovoltaic equipment, electronic chemicals, and batteries performed well, while aerospace, shipbuilding, and small metals lagged [1] Group 2 - The market is anticipated to enter a phase of consolidation after rapid rotation, but the medium-term positive trend remains unchanged, driven by liquidity [2] - There is an expectation for continued balance-seeking between technology growth and defensive sectors, indicating a significant structural market characteristic [2] - The Federal Reserve's signals for potential interest rate cuts provide space for subsequent monetary policy adjustments, which may accelerate the recovery of the economic fundamentals [1][2]