Market Review - The A-share market rose by 1.22% during the week of June 30 to July 4, with strong performance in the glass and innovative drug sectors [2] - The average daily trading volume for the A-share market was 1.4384 trillion yuan, a decrease of 45 billion yuan from the previous week, indicating high market activity [2] - The average number of rising stocks decreased to 2,610, down by 1,012 from the previous week, reflecting a weakening profit effect [2] High Prosperity Sectors Outlook for Q2 2025 - High-growth potential sectors identified for Q2 2025 include optical modules, diesel generators, innovative drugs, and deep-sea technology [2] - The optical module sector is expected to maintain high growth due to increased data transmission rate requirements [29] - The diesel generator market is anticipated to see a rise in both volume and price as AIDC construction accelerates [37] - The innovative drug sector is benefiting from BD transactions and supportive policies, which are expected to enhance growth opportunities [39] - Deep-sea technology is showing high prosperity trends supported by policy initiatives [43] Key Themes - The "anti-involution" policy aims to promote the orderly exit of backward production capacity, facilitating high-quality industry development [3][47] - Deep-sea technology is positioned as a critical pillar of the marine economy, driving economic acceleration [3][54] - The global regulatory framework for stablecoins is rapidly taking shape, providing new opportunities for the internationalization of the renminbi [3][50] Policy Dynamics - The central bank is enhancing financial support for the real economy, with a focus on emerging industries and technology standards [4] - Recent policies emphasize the importance of high-quality development in the marine economy and the establishment of a unified national market [4][59] Industry Trends - The artificial intelligence sector is advancing with initiatives like the global multi-center plan for AI pathology models [5] - The TMT sector is seeing the introduction of the first national 6G industry policy in Beijing [5] - The biopharmaceutical sector is experiencing growth with increased clinical trials and innovations in brain-machine interfaces [5] - The deep-sea economy is being reinforced by the establishment of leadership groups to enhance industry coordination [5] - The high-end manufacturing sector is benefiting from the lifting of EDA export restrictions to China [5]

Summary of the Conference Call on Deep Sea Technology and Marine Economy Industry Overview - The marine economy in China surpassed 10 trillion yuan in 2024, accounting for 7.8% of GDP, with a contribution of 11.5% to GDP growth, indicating its significance as a key growth driver for the national economy [2][4] - The government has emphasized deep-sea technology in its work report, highlighting the importance of this sector in national strategy [4] Core Areas of Deep Sea Technology - Deep sea technology encompasses three main areas: 1. **Deep Sea Material R&D**: Focused on high-performance steel, alloys, and composite materials to address challenges in extreme environments [6] 2. **Deep Sea Equipment Manufacturing**: Involves underwater robots, detection equipment, and marine engineering equipment [6] 3. **Deep Sea Digital Applications**: Incorporates information and intelligent technologies in deep-sea operations [6] Investment Opportunities - Investment opportunities are concentrated in: 1. **Specialty Steel, Titanium Alloys, and Polymer Materials**: Companies like Baotai Co., Baose Co., and Gangyan Gaona are key players [10] 2. **Underwater Exploration Equipment**: Including underwater robots and detection radar systems [10] 3. **Shipbuilding and Military Equipment**: This sector is seen as a critical area for future growth [10] Regional Development Initiatives - Coastal provinces such as Shanghai, Guangdong, and Fujian have released development plans focusing on high-tech industries, including marine equipment and new energy [7] Global Strategic Importance - The global competition for deep-sea control is driven by the strategic significance of deep-sea regions, with 90% of the world's waters exceeding 1,000 meters in depth [8][9] Current Industry Trends - The marine equipment industry is currently experiencing high demand, particularly in the exploration sector, which has shown strong performance [11] - Offshore wind power installations are on the rise, with significant potential for deep-sea wind power construction and related infrastructure needs [12] Future Directions in Deep Sea Technology - The development of deep-sea technology is increasingly focused on digitalization and intelligence, with the marine electronic information industry transitioning towards networked and intelligent systems [13] - Underwater data centers are emerging as a key infrastructure, utilizing natural cooling to address heat dissipation issues while being cost-effective [14] AI Integration - The integration of AI in deep-sea technology is gaining traction, particularly in communication needs as deep-sea exploration advances [15]

Group 1 - The report highlights the focus on "anti-involution" policies, which aim to reduce ineffective supply and promote industrial upgrades, shifting from total stimulus to targeted measures [3][13] - The A-share market experienced fluctuations with the CSI 300 index rising by 1.54% and the CSI 1000 index increasing by 0.56% during the week of June 30 to July 4, 2025 [12] - Traditional cyclical industries such as steel, coal, and construction materials led the market rally, influenced by the recent policy announcements [12][13] Group 2 - The deep-sea technology sector is identified as a multidisciplinary industry with potential for growth as policies are released, covering a wide range of activities from raw materials to deep-sea resource development [14] - The semiconductor sector is experiencing a shift with the easing of restrictions on EDA tool exports to China, highlighting the importance of domestic EDA tool development and the need for a complete industrial chain [14] - The launch of the Beijing Stock Exchange's specialized index reflects a growing focus on high-quality, specialized small and medium enterprises, which may enhance market activity [15][17] Group 3 - The report provides performance statistics for various equity fund indices, indicating that the medical stock fund index rose by 6.88% last week, while the growth stock fund index increased by 1.15% [18] - The active equity fund indices are categorized by investment style, with the balanced stock fund index showing a weekly increase of 1.85% and the value stock fund index rising by 0.56% [18] - The report emphasizes the importance of evaluating fund performance based on various metrics, including relative benchmark performance and overall competitiveness [30][31]

Market Overview - The A-share market experienced a volatile increase last week, with the CSI 300 rising by 1.54% and the CSI 1000 increasing by 0.56% [2][15] - The central economic committee's sixth meeting emphasized the need to govern "involution" competition, leading to a rally in traditional cyclical industries such as steel, coal, and building materials [3][15] Policy Insights - The "anti-involution" policy aims to reduce ineffective supply and promote industrial upgrades, shifting from total stimulus to managing supply [3][16] - The focus on "anti-involution" is expected to create a macro environment conducive to technological and industrial upgrades, although related policies have yet to be fully implemented [3][16] Sector Analysis - Deep-sea technology is highlighted as a multidisciplinary industry that may see repeated catalysts as policies are released [4][17] - Recent easing of semiconductor restrictions by the U.S. government may enhance domestic EDA tool replacement rates, with a focus on building a complete industrial chain [4][17] Fund Market Dynamics - The Beijing Stock Exchange launched the "Specialized and New" index on June 30, which includes the top 50 companies in strategic emerging industries, potentially increasing trading activity on the exchange [4][18] Fund Performance Tracking - The Active Equity Fund Index rose by 0.46% last week, with a cumulative excess return of 11.29% since inception [5][19] - The Value Equity Fund Index increased by 0.56%, with a cumulative excess return of -5.87% since inception [6][19] - The Balanced Equity Fund Index saw a rise of 1.85%, with a cumulative excess return of 4.91% since inception [7][19] - The Growth Equity Fund Index increased by 1.15%, with a cumulative excess return of 15.96% since inception [8][19] - The Pharmaceutical Equity Fund Index rose by 6.88%, with a cumulative excess return of 21.94% since inception [9][19] - The Consumer Equity Fund Index increased by 0.57%, with a cumulative excess return of 15.46% since inception [10][19] - The Technology Equity Fund Index rose by 0.46%, with a cumulative excess return of 15.71% since inception [11][19] - The High-end Manufacturing Equity Fund Index increased by 1.73%, with a cumulative excess return of -3.19% since inception [12][19] - The Cyclical Equity Fund Index rose by 1.11%, with a cumulative excess return of 3.73% since inception [13][19]

Group 1 - The central government emphasizes the high-quality development of the marine economy, with the national marine GDP expected to reach 11.18 trillion yuan in 2025, reflecting a year-on-year growth of 5.9% in 2024 [4][11][20] - The marine economy's contribution to the national GDP is projected to be 7.8%, with 15 marine industries achieving a total added value of 4.3733 trillion yuan in 2024, growing by 7.5% [21][22] - The deep-sea technology sector is identified as a key area for development, with significant investments and strategic initiatives aimed at enhancing capabilities in underwater observation, construction, and resource extraction [9][30][31] Group 2 - The report identifies 11 companies within the deep-sea economic industry chain listed on the Beijing Stock Exchange, including Audiwei (ultrasonic underwater ranging sensors), Wantong Hydraulic (hydraulic cylinders for offshore drilling platforms), and Klete (ventilation and air treatment systems) [40] - The marine engineering equipment manufacturing industry in China is experiencing a recovery, with an expected added value of 112.6 billion yuan in 2025, following a growth of 9.1% to 103.2 billion yuan in 2024 [30][33] - The report highlights the increasing market interest in deep-sea technology, with emerging sectors such as deep-sea energy storage and carbon sequestration expected to drive future growth [31][32]

Group 1 - The market is experiencing an upward shift in the oscillation center, characterized by "top and bottom" dynamics, with a positive outlook for effective index breakthroughs due to monthly momentum reversal and rising trading volume [2][12][13] - Profitability is still in a bottoming phase, with expectations that the profit bottom will not arrive before the end of Q3, limiting the elasticity of the current profit cycle [2][13] - Valuation support is provided by government-backed credit policies, with a focus on stable growth and market stabilization measures [2][13] Group 2 - Structural opportunities are emphasized, particularly in "Deep Sea Technology" and "Newly Listed Stocks," alongside existing themes like "Delta G Consumption" and "Self-Controlled Technology" [3][23] - "Deep Sea Technology" is positioned as a strong thematic opportunity for the second half of the year, aligning with national strategic priorities and policies aimed at enhancing marine economic development [4][24][29] - The deep sea technology industry chain is extensive, covering upstream materials, midstream manufacturing, and downstream resource utilization, indicating a comprehensive growth potential [4][32] Group 3 - Newly listed stocks have regained prominence since September 2024, with a significant upward trend observed in their performance, correlating closely with improvements in economic confidence [5][34] - The performance of newly listed stocks is highly correlated with macroeconomic indicators, suggesting that as economic expectations improve, these stocks are likely to outperform the market [5][38] - A new index, the "Open Source Newly Listed Stock Index," has been created to better track and represent the performance of newly listed stocks, expanding the criteria to include stocks listed for up to six years [5][44] Group 4 - Current investment strategy emphasizes diversification across sectors, focusing on "Delta G Consumption," "Self-Controlled Technology," "Stable Dividends," and "Gold" [6][50] - Specific sector recommendations include domestic consumption, technology growth, cost improvement sectors, and structural opportunities in exports, particularly to Europe [6][50] - The strategy aims to capture the greatest expected differences and domestic certainties while avoiding over-concentration in any single sector [6][50]

【环球网财经综合报道】日前，中央财经委员会第六次会议释放出重磅信号，提出推动海洋经济高质量发展，加强顶层设计，加大政 策支持力度，鼓励引导社会资本积极参与。这一利好消息让海洋经济板块迅速活跃起来。 东方财富数据显示，截至7月2日收盘，海洋经济板块表现亮眼，湛江国联水产开发股份有限公司、深水海纳水务集团股份有限公司、 冰山冷热科技股份有限公司等超10家公司股价涨停，多只股票跟涨。 在多重利好下，深海科技产业链上市企业正加速行动，抢占赛道先机。中国船舶重工集团海洋防务与信息对抗股份有限公司深度参与 多项深海领域国家重大项目建设；广西柳工机械股份有限公司积极推进海上风电、深海工程基建等领域的商业应用；中航光电科技股 份有限公司的产品广泛应用于海洋油气资源勘探开发装备、海洋牧场等众多场景。 中关村物联网产业联盟副秘书长袁帅建议，深海科技产业链上市企业应紧跟政策，加大核心技术投入，与科研机构合作，突破技术瓶 颈，布局新兴领域，整合产业链上下游资源，构建成熟产业生态。（文馨） | + | 复制 ▼ | 叠加 ▼ | 窦侣 | 圆线 | 見示 | 简约 | | | BK0623 海洋经济 | | | | --- | --- ...

Group 1 - The core viewpoint of the articles highlights the significant surge in marine economy concept stocks, driven by favorable policies and market optimism, with the overall sector increasing by over 6% [2][3][4] - The Central Financial Committee's sixth meeting emphasized the need to strengthen and expand the marine industry, promoting offshore wind power, modern deep-sea fishing, marine biomedicine, and high-quality development of the shipping industry [2][3][4] - Predictions indicate that by 2025, China's marine production value will exceed 13 trillion yuan, with the deep-sea market expected to reach 3.25 trillion yuan, representing over 25% of the marine economy [4][5] Group 2 - Recent government reports and local policies from regions like Guangdong, Shanghai, and Shandong have focused on developing the marine economy, including modern marine ranching and emerging industries such as marine renewable energy and marine biomedicine [3][4] - The OECD forecasts that by 2030, the economic value of the ocean will surpass 3 trillion USD, equivalent to the fifth-largest economy globally, indicating vast growth potential in the marine economy [4] - The deep-sea economy is anticipated to benefit from upcoming policies promoting deep-sea oil and gas development, which could enhance market interest in related companies [5]

Group 1 - The Central Financial Committee emphasized the need to promote high-quality development of the marine economy, strengthen top-level design, and increase policy support to encourage social capital participation [1] - As of July 2, the marine economy sector showed active performance, with over 10 companies, including Zhanjiang Guolian Aquatic Products Development Co., Ltd. and Deepwater Haina Water Group Co., Ltd., hitting the daily price limit [1] Group 2 - The 2024 National Marine Economic Statistical Bulletin indicates that the national marine production value will exceed 10 trillion yuan for the first time, accounting for 7.8% of the GDP [2] - The marine economy has become a significant engine for economic growth in China, with marine technological innovation as the core driving force, particularly in deep-sea technology [2][3] - The 2025 Government Work Report highlighted "deep-sea technology" for the first time, promoting the safe and healthy development of emerging industries [2] Group 3 - The deep-sea technology sector is expected to experience rapid growth, particularly in core technology areas such as deep-sea equipment and exploration [3] - By 2025, the marine production value is projected to exceed 13 trillion yuan, with deep-sea technology-related industries accounting for over 25% [3] Group 4 - The deep-sea technology industry has formed a complete industrial chain covering deep-sea detection, resource development, equipment manufacturing, and ecological protection [4] - Companies are accelerating actions to capture market opportunities, focusing on technology innovation and commercial application across the entire industrial chain [4] Group 5 - Companies like AVIC Optoelectronics have developed a series of products for marine oil and gas exploration, deep-sea submersibles, and marine ranching [5] - Deep-sea technology industry players are encouraged to increase investment in core technologies and collaborate with research institutions to overcome technical bottlenecks [5]

Summary of Deep Sea Technology Conference Call Industry Overview - Deep sea economy has been elevated to a national strategic level, comparable to commercial aerospace and low-altitude economy, indicating high-level attention and potential for sustained policy and financial support [1][5] - The deep sea industry is characterized by sustainability, explosiveness, and military-civilian integration, with policy planning targeting 2027, 2035, and beyond [3][10] Key Insights and Arguments - The demand for specialized deep sea technology is urgent, with rapid industry progress and ample funding and policy support [1][5] - Recent government reports and meetings have catalyzed market interest, leading to significant stock movements in related companies [2] - The deep sea industry chain is divided into upstream materials and equipment, midstream platforms and facilities, and downstream applications, with a focus on defense systems [3][12] - Key materials include titanium alloys, which outperform traditional materials and are recommended for companies like Western Materials and Jintian Titanium [3][20] - Sonar technology is crucial for underwater reconnaissance, communication, and navigation, with recommended companies including China Marine Defense and Zhongke Hai Xun [3][21] Potential Investment Opportunities - Companies with visible orders and performance changes in sonar technology and titanium alloys are highlighted as investment opportunities, including China Marine Defense, Extreme Shares, and Western Materials [1][5] - The deep sea industry is expected to transition from experimental phases (2023-2025) to industrialization, with significant growth anticipated [3][10] - The development of underwater data centers is emerging, with advantages in energy efficiency and a pilot project already launched in Hainan [17] Policy and Market Dynamics - Recent policies from various regions, including Guangdong and Shanghai, emphasize deep sea development, indicating a collaborative push from central and local governments [11] - The strategic focus on underwater resource development is driven by national security, resource exploration, and the need to enhance competitive capabilities [9] Long-term Outlook - The deep sea industry is expected to experience explosive growth, with a shift from military applications to civilian uses as technologies mature [10][24] - The integration of advanced technologies such as electromagnetic launch systems and comprehensive electric propulsion systems will transform naval capabilities [22][23] Additional Considerations - The relationship between deep sea technology and traditional blue economy is noted, with deep sea focusing on more challenging technological breakthroughs [8] - The potential for offshore wind energy development in deep waters is significant, with a large portion of global resources yet to be utilized [14] This summary encapsulates the key points from the conference call regarding the deep sea technology industry, highlighting its strategic importance, investment opportunities, and the impact of policy developments.