Core Viewpoint - The report from GF Securities indicates that under the guidance of the marine power strategy, corresponding policies are expected to be introduced to promote the development of the deep-sea economy, focusing on areas such as deep-sea mining, deep-sea oil and gas development, and the utilization of deep-sea biological resources [1] Group 1: Deep-Sea Resource Development - Deep-sea resource development has become economically viable from an industrialization perspective [1] - The current value of deep-sea mineral extraction is led by seabed oil and natural gas, followed by coastal sand mines, including materials like sand and stone for construction, and tin sand [1] - The high economic and strategic value of deep-sea mineral resources positions deep-sea mining as a significant direction for deep-sea resource development [1]

【深海科技】"深海"借"科技"启航 20250627 摘要 深海科技作为海洋强国战略的关键组成部分，预计将持续受到高层重视， 可能带动板块景气度上升。海洋经济规模预计在 2025 年达到 11 万亿 元，深海科技占比约为 25%，即约 2.75 万亿元，核心领域集中在深海 采矿和海洋观测网。 深海资源对中国能源和有色金属安全至关重要，尤其是在中美贸易战背 景下，美国允许国内企业开发国际矿产资源，以及美国关闭全球免费开 放数据库，使得中国发展深海科技，建设立体海洋观测网的需求更为迫 切。 中国重视顶层设计，自上而下推动政策实施，政府工作报告出台后，预 计将有相关政策从中央到沿海省市陆续出台，带动央企基础设施跟进及 产业链配套跟进，实现资本、产业及国家三方面共赢。 中国深海矿产资源开发技术落后于美国约五年甚至更久，目前处于试采 阶段，而美国已进入商业化开采前期。中国需要加快发展以缩小差距， 应对美国单独管理矿产资源开发带来的挑战。 Q&A 深海科技在中国政府工作报告中的地位如何？其重要性体现在哪些方面？ 2025 年 3 月 12 日发布的政府工作报告首次将深海科技纳入其中，并与商业航 空和低空经济并列。这标志着 ...

Group 1 - A large marine drone showcased at the China International Small and Medium Enterprises Expo, produced by Hainan Airy Technology Co., Ltd, is designed for marine equipment deployment and has applications in logistics, emergency rescue, and forest firefighting [2] - Hainan's participation in the expo included 30 quality enterprises, highlighting the province's advancements in marine technology and its commitment to the national marine power strategy [2][3] - The deep-sea microbial sampler from Hainan Lionfish Deep Sea Technology Co., Ltd is designed for deep-sea microbiology research and has already been exported to Chile, marking it as the province's first set product [3] Group 2 - Companies like Hainan Wisdom Maritime Technology Co., Ltd and Hainan Water Sound Technology Co., Ltd showcased their innovations in deep-sea technology, with several products recognized as provincial "first sets" or meeting international advanced standards [2][3] - In the field of artificial intelligence and information technology, companies such as Zhuoshijia Technology (Hainan) Co., Ltd presented their leading products, demonstrating Hainan's innovation in the digital economy [3] - The intelligent rubber tapping machine from Hainan Rubber Intelligent Manufacturing Co., Ltd automates the rubber tapping process, addressing labor shortages and promoting a shift from labor-intensive to technology-intensive production in the natural rubber industry [4]

策略报告 | 投资策略专题 深海科技：海洋强国战略的关键支柱 证券研究报告 产业赛道投资图谱 海洋经济驱动经济提速，深海科技为其注入新质内涵 海洋经济有效拉动 GDP 增长，产业空间具备规模。根据《2024 年中国海洋 经济统计公报》，2024 年全国海洋生产总值首次突破 10 万亿元，占 2024 年国内生产总值 7.8%，海洋经济是驱动经济增长的重要模块。政府报告在新 质生产力部分首次提及 "深海科技"，为海洋经济注入新内涵。2025 年政 府工作报告提出，"开展新技术新产品新场景大规模应用示范行动，推动商业 航天、低空经济、深海科技等新兴产业安全健康发展。" 我们认为，深海科 技与商业航天、低空经济并列，有望获得较高速发展，尤其是在深海装备、 深海探索等核心科技领域。 多省市加快布局海洋经济发展新蓝图 海洋经济政策正呈现 "高端化、智能化、绿色化"协同发展态势，通过构建多 层级产业体系、强化科技创新与区域联动，加速向深远海和战略性新兴产业 拓展。2025 年 6 月，上海市发布《上海市海洋产业发展规划（2025-2035） （征求意见稿）》，提出形成"3+5+X"产业体系。2025 年 2 月广东省发布 ...

Group 1 - The core viewpoint is that deep-sea technology has been recognized as a strategic emerging industry in China's 2025 government work report, alongside commercial aerospace and low-altitude economy, highlighting its potential for economic growth and resource security [1][3] - The deep-sea area covers 65% of the ocean and 49% of the Earth's surface, containing abundant energy and resources, making it crucial for China's economic strategy and international standing [2][3] - The deep-sea technology sector is expected to experience rapid development, with a market potential in the trillion-level range, driven by government policies and financing opportunities [3] Group 2 - The construction of underwater defense systems is accelerating, with military-civilian integration expected to drive growth in the deep-sea industry, enhancing the application and commercialization of deep-sea equipment [4] - The upstream sector, including sonar and titanium alloy production, is anticipated to see early growth, while midstream and downstream applications are expanding into various deep-sea scenarios [5] - Key companies in the upstream sector include China Marine Defense, West Materials, and Xiangdian Co., while midstream and downstream players include China Shipbuilding, CNOOC, and China Petroleum [5]

一批"拿手好戏"与"拳头产品"集中展示自贸港产业新形象 6月27日，第二十届中国国际中小企业博览会在广州开幕，图为外籍展商在了解海南企业参展产品。海南 日报全媒体记者 邵长春 摄 海南日报广州6月27日电(海南日报全媒体记者 邵长春 通讯员 廖春铃)6月27日，第二十届中国国际中小 企业博览会(以下简称中博会)在广州开幕，省工业和信息化厅组织我省30家优质企业参展，集中展示海南自 贸港建设背景下我省中小企业创新成果与发展活力。 本次海南展团阵容强大，参展企业涵盖了卓世科技、狮子鱼深海科技等13家国家级专精特新"小巨人"企 业、省级"专精特新"企业以及创新型企业;参展行业涉及深海科技、人工智能、生物制造、绿色材料、食品加 工等重点产业领域。 展会上，30家参展企业踊跃亮出新技术、新产品、新工艺，一批具备核心竞争力的"拿手好戏"与"拳头产 品"集中亮相，赢得了国内外嘉宾及专业观众的关注与认可。 我省30家优质企业亮相中博会 当天开幕式上还发布了第三批中小企业数字化转型试点城市名单，儋州市入选;同时还发布了全国中小企 业数字化转型"百城试点"名单，海口市、儋州市双双入选，两地的数字化转型城市试点实施将大力促进我省 ...

Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 1.6 trillion yuan, an increase of 188.2 billion yuan compared to the previous trading day [1] - The military, securities, internet finance, and insurance sectors saw the highest gains, while oil and gas, pesticides, film, and port sectors experienced the largest declines [1] - By the end of the trading session, the Shanghai Composite Index rose by 1.03%, the Shenzhen Component Index increased by 1.72%, and the ChiNext Index surged by 3.11% [1] Investment Strategy - The company has initiated a position in the reducer sector and is currently fully invested, planning to sell the liquor concept the following day based on post-market quantitative analysis [3] - Continuous evaluation of past operations is emphasized to identify areas for improvement, ensuring the investment strategy remains competitive [3] - The company plans to sell the liquor sector and buy into the deep-sea technology sector, indicating a clear and decisive strategy [6] Sector Analysis - The deep-sea economy has shown significant potential, with a notable increase in RPS (Relative Price Strength) metrics over time, indicating strong performance [7] - The deep-sea technology sector is gaining attention from policy levels, with expectations for future industrial policies and major project implementations [7] - The total value of China's marine economy surpassed 10 trillion yuan in 2024, highlighting deep-sea technology as a crucial emerging industry for economic growth [7] - The deep-sea industry has a long supply chain, contributing significantly to economic stimulation across various stages from upstream technology development to downstream application services [7]

Core Insights - The decline in discount rates is a key driver for the rise of the Chinese stock market and creates favorable conditions for thematic investments, with opportunities in both industrial and trading themes [1][2]. Investment Themes Overview - The article outlines ten investment themes focusing on emerging technologies, advanced manufacturing, and structural improvements, indicating a bullish outlook for China's "transformation bull market" by the second half of 2025 [2][6]. Theme 4: Low-altitude Economy and Commercial Space - China's low-altitude economy has officially entered the "manned era" with the issuance of the first operational certificates for manned civil unmanned aerial vehicles, and the market is expected to exceed 1 trillion yuan by 2026 [3][22]. - The demand for satellite launches is anticipated to rise significantly as multiple satellite constellations enter a dense networking phase, with plans to launch 15,000 satellites by the end of 2030 [3][29]. Theme 5: Deep Sea Technology - The government has emphasized deep-sea technology in its strategic goals, with the marine economy expected to exceed 10 trillion yuan in 2024, driven by rapid growth in marine engineering and equipment [4][37]. - The article recommends investments in deep-sea resource development, including offshore wind power and oil and gas extraction, as well as key deep-sea exploration equipment [4][39]. Theme 6: Self-Controlled Technology - The semiconductor sector is highlighted as a critical battleground in technology competition, with policies promoting mergers and acquisitions to deepen domestic supply chain collaboration [4][42]. - The article suggests focusing on leading semiconductor equipment and materials companies as well as domestic computing power supply chains [4][42]. Theme 7: Intelligent Driving - The penetration of advanced intelligent driving technologies is accelerating, with significant growth in the market for related components such as chips, cameras, and lidar systems [5][60]. - The article notes that the cost of related hardware is expected to decrease, further facilitating the adoption of intelligent driving solutions [5][60]. Market Dynamics - The article discusses the shift in investor sentiment towards a more optimistic view of the market, driven by a decrease in risk perception and a decline in risk-free interest rates [6][7]. - The Chinese stock market is seen as entering a historical turning point with increased liquidity and a focus on investor returns [7][10].

Group 1 - The 2025 International Ocean Technology Conference opened in Brest, France, showcasing China's deep-sea technology capabilities and the progress of the Sanya 2026 conference preparation [2] - The "China Corner" was inaugurated with the theme "Using Events to Drive Production: Deep-Sea Intelligent Manufacturing," highlighting Hainan's ambition to establish a deep-sea industry hub with a global perspective [2] - Hainan's development strategy includes a four-step approach focusing on IoT in oceans, twin oceans, intelligent oceans, and deep-sea manufacturing, supported by a three-in-one concept verification and pilot testing platform [2] Group 2 - The deep-sea industry promotion session featured Dr. Xu Jie, CEO of Hainan's Deep-Sea Industry Innovation Service Platform, emphasizing key areas such as deep-sea equipment manufacturing, resource exploration, and data trading services [3] - The promotion aims to create a "three-in-one" industry export model combining infrastructure, service capabilities, and capital channels, showcasing China's deep-sea industry as a global cooperation model [3] - The delegation identified 10 marine technology companies for targeted discussions, focusing on advanced technologies like high-precision ocean detection instruments and underwater robotics, aiming to enhance testing capabilities and foster innovation in marine data [3]

在时代浪潮的推动下，从载人深潜器突破极限的深海探索，到海底数据中心构筑的"蓝色算力网络"；从 跨洋海缆编织的信息动脉，到深海油气平台撑起的能源脊梁，众多深圳证券交易所市场（以下简称"深 市"）上市公司正以硬核实力在深蓝领域书写发展篇章。这些科技突破不仅是对深海未知领域的勇敢开 拓，更让千年以来的深海情结在科技赋能下焕发出夺目光彩，推动我国海洋经济高质量发展。 2025年《政府工作报告》明确提出"大力发展海洋经济，建设全国海洋经济发展示范区""推动商业航 天、低空经济、深海科技等新兴产业安全健康发展"，为深蓝疆域的开发绘制出"科技赋能—产业协同— 经济跃升"的清晰发展路径。 本报记者 田鹏 从"精卫填海"的上古神话到郑和下西洋的惊涛壮举，从《山海经》中"渤海之东，不知几亿万里"的奇幻 想象到如今"奋斗者"号深潜万米的科技突破，中国人对深海的向往早已沉淀为一抹蓝色情结。 蓝海潮涌 创新引擎驱动破局突围 事实上，在深海这片"蓝色疆土"的开拓征程中，企业前行伴随复杂的海洋环境、长期被国外垄断的核心 技术、高昂的研发投入，无一不考验着企业的韧性与智慧。 中国国际海运集装箱（集团）股份有限公司（以下简称"中集集团"）相关 ...