Core Viewpoint - The company has a strong order backlog scheduled until 2029 and is in the process of a significant asset restructuring through a stock swap merger with China Shipbuilding Industry Corporation, which is expected to enhance its market, scale, and capacity advantages [1] Group 1: Company Operations - The company's revenue primarily comes from shipbuilding and offshore engineering construction, both of which are based on order fulfillment [1] - The current order backlog is scheduled to last until 2029, indicating robust demand and operational stability [1] Group 2: Strategic Moves - The company is advancing a major asset restructuring by merging with China Shipbuilding Industry Corporation through a stock swap [1] - Upon completion of the restructuring, the company anticipates an enhancement in market advantages, further leveraging scale and releasing capacity advantages [1]

Core Viewpoint - China Shipbuilding Group held its annual performance briefing for 2024, showcasing its reform achievements and future development vision, marking the third consecutive year of such meetings [1] Group 1: Financial Performance - In 2024, China Shipbuilding's revenue is projected to be 78.584 billion yuan, a year-on-year increase of 5.01%, with net profit attributable to shareholders reaching 3.614 billion yuan, up 22.21% [3] - In Q1 of this year, the company achieved a revenue of 15.858 billion yuan, reflecting a growth of 3.85%, while net profit and non-recurring net profit saw significant increases of 180.99% and 230.20% respectively [3] Group 2: Business Outlook and Goals - The company aims to achieve a revenue target of 80.5 billion yuan by 2025, with completion plans for 89 civil shipbuilding projects and 270 ship repair projects [4] - China Shipbuilding plans to enhance its deep-sea technology capabilities and establish a closed-loop system for research, validation, and application, aiming to create a high ground in deep-sea technology [4] Group 3: Strategic Reorganization - The ongoing merger with China Shipbuilding Heavy Industry is expected to position the company as the largest and most technologically advanced shipbuilding flagship listed company in China [4] - The company emphasizes its role in leading industry development and supporting national defense, being the only listed company globally constructing aircraft carriers, large LNG ships, and large cruise ships simultaneously [5]

Core Viewpoint - China Shipbuilding Group is focused on enhancing its global competitiveness in the shipbuilding and marine industry, with a strong emphasis on innovation and high-quality development in 2024 [1] Group 1: Financial Performance - In 2024, China Shipbuilding Industry Co., Ltd. achieved operating revenue of 78.584 billion yuan, a year-on-year increase of 5.01% [1] - The net profit attributable to shareholders reached 3.614 billion yuan, reflecting a significant year-on-year growth of 22.21% [1] - The shipbuilding and marine engineering business generated operating revenue of 75.374 billion yuan, while the application industry contributed 2.293 billion yuan [1] Group 2: Order Backlog - As of the end of 2024, the company had a robust order backlog, including 322 civil ship orders totaling 216.962 billion yuan and 63 ship repair orders valued at 9.18 billion yuan [1] - The company also reported contract orders for marine equipment amounting to 743 million yuan and application industry contract orders of 1.382 billion yuan [1] Group 3: Future Goals and Strategies - For 2025, the company aims to achieve operating revenue of 80.5 billion yuan, with plans to complete 89 civil ship deliveries and 270 ship repairs [2] - The company is committed to enhancing its deep-sea technology capabilities and establishing a closed-loop system for research, validation, and application to drive innovation and market competitiveness [2] - The potential merger with China Shipbuilding Industry Corporation is positioned to create the largest and most technologically advanced shipbuilding flagship listed company in China [2]

Core Viewpoint - The Guangdong province is launching a significant talent recruitment initiative titled "Million Talents Gather in South Guangdong," aiming to attract 1 million college graduates to the region for employment and entrepreneurship, highlighting the area's commitment to high-quality development and talent integration [1][2][3]. Group 1: Talent Recruitment Initiatives - The "Million Talents Gather in South Guangdong" initiative is part of a broader strategy to enhance the talent pool in the Guangdong-Hong Kong-Macao Greater Bay Area, with various local governments actively promoting unique welfare policies to attract skilled individuals [1][3]. - Nansha District is a focal point for this initiative, hosting over 60 recruitment events and offering nearly 16,000 job positions across various sectors, including public service and private enterprises [3][5]. - The district has introduced substantial financial incentives for new graduates, including monthly living subsidies of 1,000 yuan for undergraduates, 2,000 yuan for master's degree holders, and 4,000 yuan for PhD graduates, aimed at enhancing the appeal of Nansha as a destination for high-level talent [6][7]. Group 2: Economic and Industrial Development - Nansha is rapidly developing as a hub for emerging industries, with a focus on sectors such as artificial intelligence, semiconductors, and biotechnology, which are driving the demand for skilled professionals [4][5]. - The district's automotive industry cluster has a production value nearing 200 billion yuan, indicating a robust industrial base that supports the recruitment of high-caliber talent [4]. - Major companies in Nansha are actively participating in recruitment fairs, showcasing over 60,000 quality job openings, including high-paying positions in technology and engineering [5][6]. Group 3: Support for Young Talent - Nansha has implemented a series of supportive measures for young talent, including transportation subsidies for job interviews and free accommodation for job seekers, which are designed to alleviate the financial burden on new graduates [6][7]. - The district's talent service platform allows for immediate access to various benefits, including subsidized housing options for different educational levels, further enhancing the attractiveness of Nansha for young professionals [7][8]. - The "青出于南" (Youth from South) initiative aims to create a comprehensive support system for young talent, focusing on their entire development cycle and fostering a collaborative environment across multiple sectors [7][9]. Group 4: Integration with Hong Kong and Macao - Nansha is positioning itself as a primary destination for Hong Kong and Macao youth seeking opportunities in mainland China, supported by various government programs that facilitate internships and entrepreneurship [10][11]. - The Guangdong government is actively promoting policies that encourage cross-border collaboration and integration, enhancing the appeal of Nansha as a gateway for young talent from Hong Kong and Macao [12][13]. - The district's strategic initiatives are expected to create a vibrant ecosystem for innovation and entrepreneurship, attracting a diverse range of young professionals to contribute to its growth [14][15].

Group 1 - The 2024 annual performance briefing of China Shipbuilding Group's listed companies was successfully held, featuring 12 companies including China Shipbuilding (600150) [1] - China Shipbuilding is the core listed company under China Shipbuilding Group, responsible for leading industry development and supporting national defense construction [3] - The company aims to achieve an operating revenue of 80.5 billion yuan in 2025, with completion plans for 89 civil shipbuilding projects and 270 ship repair projects [3] Group 2 - The company has orders scheduled for delivery until 2029 and is focused on improving production efficiency to deliver more ships earlier [4] - China Shipbuilding plans to enhance its deep-sea technology capabilities and create a closed loop of research, verification, and application in the deep-sea technology industry [4] - The company discussed the potential merger with China Shipbuilding Industry Corporation, positioning itself as the largest and most advanced shipbuilding flagship listed company in China post-merger [4][5] Group 3 - The company emphasizes value creation through the professional integration of core assets and resources, aiming to enhance operational efficiency and brand premium [5] - The focus is on seizing opportunities from the transformation and upgrading of the shipbuilding industry to build a world-class shipbuilding enterprise with international competitiveness [5]

5月20日，聚焦"'船'递价值，智领深蓝"主题，中船集团旗下中国船舶、中国重工、中国动力、中船防 务、中国海防、中船科技、中船应急、中国船舶租赁、久之洋、中船汉光、昆船智能、中船特气等12家 上市公司召开2024年度集体业绩说明会。 2025年一季度，中船集团取得"开门红"，集团营业收入同比增长4%，利润总额同比增长26.6%，民品产 业新接合同金额同比增长13.7%。同时，一季度集团造船完工量、新接订单量、手持订单量的国际市场 份额均位居全球造船集团第一。 中船集团总经理王国强表示，中船集团及控股上市公司将围绕"高端、绿色、智能、深海、极地"五个维 度，加快布局以科技创新为根本，发展战略性新兴产业和未来产业，着力打造具有中船特色的科技领军 企业。 2024年，中船集团创新提升船海产业全球竞争力，船海业务新接合同、手持订单、船舶完工交付持续保 持全球第一。王国强表示："作为海洋装备产业领域的国家队、主力军和排头兵，中船集团加快构建产 业结构合理、质量效益领先、国际竞争力强的世界一流船舶科技集团。" 提升投资价值强化投资回报 手持订单饱满加强科技攻关 中国船舶2025年经营目标为完成营业收入805亿元，计划完工 ...

中青报·中青网记者在现场了解到，爱达·魔都号全船搭载有107个系统，55000台设备，铺设有4450公里 的电缆，长度约等于从上海到大阪的距离，而内装区域则达到了10万平，工程量相当于6个五星级酒 店。 中国青年报客户端讯（实习生何奕辰中青报·中青网记者 王烨捷）5月19日，"国产首艘大型邮轮工程群 英谱展"交大巡展开幕式在上海交通大学钱学森图书馆举行。上海外高桥造船有限公司总经理、国产大 型邮轮项目现场总指挥兼总设计师陈刚回到母校，代表外高桥船厂向交大捐赠了一艘长约3米的爱达・ 魔都号3D模型，揭开了"国产首艘大型邮轮工程群英谱展"的序幕。 现场。实习生何奕辰/摄 捐赠仪式 "国产首艘大型邮轮工程群英谱展览"以首艘大型邮轮项目全过程跟踪纪录的10T影像资料为主体，通过 图文、视频、实物等形式，从船厂能力建设、设计研发、船体建造等九大板块系统展示外高桥造船人在 邮轮研制历程中的攻坚点滴。 历经8年科研攻关、5年设计建造，爱达·魔都号于2023年11月4日正式交付，2024年元旦开启商业运营。 这标志着我国成为全球唯一能够同时建造航空母舰、大型液化天然气（LNG）运输船以及大型邮轮的 国家。 场。实习生何奕辰/ ...

5月19日，华安国企机遇混合C（018807）下跌0.23%，最新净值1.11元，连续3个交易日下跌，区间累计 跌幅2.25%。 公开信息显示，现任基金经理孙澍先生:中国国籍,硕士研究生,曾任Alex&Forrest,Inc研究部数量研究员、 芝加哥期权交易所权益研究部数量研究员、平安资产管理有限责任公司量化交易研究员、工银瑞信基金 管理有限公司权益投资部投资经理,2021年9月加入华安基金,现任基金投资部基金经理。2022年3月28日 任华安双核驱动混合型证券投资基金基金经理。现任华安安进灵活配置混合型发起式证券投资基金基金 经理。2023年8月28日起担任华安红利精选混合型证券投资基金基金经理。 截止2025年3月31日，华安国企机遇混合C前十持仓占比合计63.48%，分别为：中国太保（7.57%）、中 国人保（7.41%）、中国船舶（7.00%）、中国银河（6.99%）、紫金矿业（6.25%）、天山铝业 （6.18%）、云铝股份（6.06%）、洛阳钼业（5.66%）、中国铝业（5.40%）、中国人寿（4.96%）。 来源：金融界 据了解，华安国企机遇混合C成立于2024年1月，基金规模0.05亿元，成立 ...

石破茂（资料图） 实际上，从日本一开始与美国接触，日本的态度就表现得不积极。作为首个与美国就贸易问题进行会谈的国家，它一直都被全世界关注着，而且它也在美国 重点关照的名单中，此前很多猜测认为日本会最先与美国达成协议。不过，在日美接触的过程中，美国提出的要求十分离谱。有不少消息传出，美国试图与 日本就汇率问题进行谈判，并放在贸易问题中作为条件。虽然这一消息在后续被美国否认，但美国后来又向日本提出，在亚洲开发银行里，停止对中国进行 贷款。 据报道，日本首相石破茂5月12日在国会明确表态，日方不会接受任何不包含汽车关税条款的日美贸易临时协议。据彭博社报道，当被问及"美国要求日方签 署不含汽车关税条款的临时协议的可能性"时，石破茂强调："我们始终坚持汽车关税必须作为谈判核心议题。"日本经济再生担当大臣赤泽亮正同步表明立 场，称日方将继续要求美方撤销全部关税措施。据日本放送协会披露，日方已向美方提出汽车产业一揽子方案，包括扩大在美汽车产业投资规模、强化船舶 制造领域合作等具体措施。但石破茂同时重申谈判原则：日本不会为了保护汽车而牺牲其农业市场。 其实日本从一开始对美态度就比较强硬，多次公开对美关税政策说"不"，明确表示 ...

证券研究报告·行业研究·专业服务 船舶行业2024年报&2025年一季报总结 在手订单饱满，业绩加速释放 首席证券分析师：周尔双 执业证书编号：S0600515110002 zhouersh@dwzq.com.cn 证券分析师：韦译捷 执业证书编号：S0600524080006 weiyj@dwzq.com.cn 2025年5月12日 请务必阅读正文之后的免责声明部分 1 投资建议 我们选取中国船舶、中国重工、中船防务、中国动力、亚星锚链、中国海防为分析对象。 ⚫船厂交付结构持续优化，利润改善明显 2024年船舶板块实现营收2103亿元，同比增长12%，受益于行业高景气与在手订单兑现，增速稳健。归母净利润72亿元， 同比增长103%，船厂交付结构中高价格、低成本的订单占比持续提升，前期包袱逐步出清，利润迎来向上拐点。展望未来， 船舶板块在手订单饱满，且高价船占比持续提升，收入仍有望持续增长，利润率将持续修复：（1）高价订单持续交付。 本轮周期船价自2021年开始回升，2021末-2024年末船价分别同比上涨22%/5%/10%/6%。中国船舶订单交付结构中高船价 比率逐年增长：2024-2026年交付订单中， ...