Core Insights - The first intelligent coating production line for offshore oil and gas equipment in China has been launched at CNOOC Engineering's Zhuhai deepwater equipment manufacturing base [1][2] - The coating process is crucial for protecting offshore oil and gas equipment from corrosion, extending structural life, and reducing maintenance costs [1] Group 1: Technology and Innovation - The intelligent coating production line is optimized for ultra-large tower structures and includes components such as roller frames, external and internal wall spraying robots, and AGV intelligent track vehicles [1] - The system features full intelligent control, point-to-point precise spraying, autonomous programming, and obstacle avoidance, improving work efficiency by 4 to 8 times compared to traditional manual methods [1] Group 2: Industry Challenges and Solutions - Traditional spraying operations in marine industrial manufacturing rely heavily on manual and machine spraying, leading to issues such as unstable paint film thickness, low efficiency, and high energy consumption [1] - CNOOC Engineering has developed the AGV intelligent track vehicle to achieve full coverage automatic spraying of the inner wall of the tower, addressing these challenges [1] Group 3: Future Developments - The company plans to explore the introduction of AI autonomous learning algorithms to dynamically optimize paths and paint film thickness, enhancing precision and material utilization for complex curved surfaces [2]

Group 1 - The establishment of China Communications Construction Company Zhenhua Offshore Lifting and Pipeline Core Equipment Engineering Technology (Shanghai) Co., Ltd. has been officially registered with a capital of 100 million RMB [1] - The company is wholly owned by Zhenhua Heavy Industries (stock code: 600320) [1] - The business scope includes ship design, marine engineering equipment research and development, key supporting system development for marine engineering, and marine engineering design and modular design manufacturing services [1]

Core Insights - A new company named China Communications Construction Company Zhenhua Offshore Heavy Lift and Pipe-laying Core Equipment Engineering Technology (Shanghai) Co., Ltd. has been established with a registered capital of 100 million yuan [1] - The company's business scope includes ship design, marine engineering equipment research and development, key supporting system development for marine engineering, and marine engineering design and modular design manufacturing services [1] - The company is wholly owned by Zhenhua Heavy Industries (stock code: 600320) [1]

Group 1 - The stock of Jushi Holdings has increased by 10.01%, achieving a consecutive two-day limit-up, with the latest price at 9.12 yuan and a total market capitalization of 8.755 billion yuan [1] - The company plans to establish a wholly-owned subsidiary, Jushi Marine Technology (Tianjin) Co., Ltd., focusing on the manufacturing and sales of marine engineering equipment, thereby strengthening its presence in the marine economy sector [2] - The National Development and Reform Commission is advancing the "14th Five-Year" marine economy development plan, which includes breakthroughs in key core technologies, benefiting suppliers of core components like rigging [2] Group 2 - The marine mooring system products have received international certification and are being applied in floating wind turbine projects, enhancing technical cooperation and market expansion in the offshore wind power sector [2] - Jushi Holdings is primarily involved in marine engineering, deep-sea technology, offshore wind power, marine economy, and new energy sectors [2]

Investment Overview - The company plans to invest 100 million RMB to establish a wholly-owned subsidiary, Giant Lifting Marine Technology (Tianjin) Co., Ltd. [1] - The investment decision was approved during the 36th meeting of the 7th Board of Directors on August 14, 2025, and does not require shareholder approval [1][5]. Investment Target Basic Information - The subsidiary will focus on various sectors including marine engineering equipment development, manufacturing, and sales, as well as environmental protection equipment and underwater systems [2][3]. Purpose and Impact of the Investment - The investment aligns with the growing global demand for marine resource development, particularly in offshore oil and gas extraction, renewable energy, and marine aquaculture [3][4]. - The government has recognized "deep-sea technology" as a key area for industrial development, indicating a strategic shift towards the commercialization of deep-sea technologies [3]. - Local governments in coastal regions are also implementing policies to promote marine economic development, which supports the company's strategic direction [3]. Company's Competitive Position - The company has established a strong foundation in the lifting equipment sector and has been addressing key technological challenges in marine engineering equipment [4]. - The establishment of the subsidiary is expected to enhance the company's sustainable development capabilities without negatively impacting its financial status or shareholder interests [5]. Current Status and Future Plans - The subsidiary is still in the planning stage and will require approval from relevant regulatory authorities before commencing operations [5]. - The company will continue to disclose updates regarding the establishment and operational plans of the new subsidiary [5].

Core Viewpoint - The successful completion of the land construction phase of the Huizhou 25-8 oil field comprehensive adjustment project marks a significant advancement in the South China Sea's eastern oil field capacity construction, transitioning to the offshore installation phase [1] Group 1: Project Overview - The Huizhou 25-8 DPPB platform is a large-scale offshore oil and gas production facility, measuring 81 meters in length, 44.5 meters in width, and 81.2 meters in height, with a total weight of approximately 14,370 tons [3] - The platform will serve as the largest water injection development platform in the eastern South China Sea, equipped with 107 sets of equipment for various functions including intelligent oil extraction and gas recovery [3] Group 2: Environmental and Technological Innovations - The project promotes the application of green low-carbon advanced technologies, including the first production water waste heat power generation device developed by China National Offshore Oil Corporation (CNOOC), which can reduce carbon dioxide emissions by approximately 11,800 tons annually [5] - The use of TMCP high-strength steel in the construction process contributes to a 10% reduction in metallurgical process emissions and a 5% reduction in processing emissions, supporting the green transformation of China's marine engineering equipment manufacturing industry [5] Group 3: Construction Efficiency and Techniques - The project team adopted a "land-based to sea, land-sea interaction" principle, achieving a 33% reduction in the high-altitude assembly workload by dividing the entire structure into nine large sections for assembly [7] - Innovative construction methods, such as double-layer prefabrication and the use of SPMT for transportation, significantly improved efficiency, allowing for the completion of over 6,000 pipelines and 280,000 meters of cable installation within 9.5 months [9] - The platform's upper block is scheduled for transportation to the Pearl River Estuary for installation by the end of August, which will enhance the oil recovery rate and extend the oil field's lifespan [9]

Group 1 - The first batch of large offshore engineering heavy items from Jiangsu Tianeng Marine Heavy Industry Co., Ltd. has been exported to the Middle East, contributing to the "Belt and Road" initiative [1] - The project involves a 73-meter long, 3-meter diameter, and 350-ton oil and gas pipe pile, showcasing high standards in non-destructive testing and welding quality with a qualification rate of over 99.9% [1] - The company utilizes advanced automated welding equipment and plate rolling machines to meet high precision requirements for the products [1] Group 2 - The second phase expansion project of Jiangsu Tianeng Marine Heavy Industry was completed in June, with a total investment exceeding 1 billion yuan, focusing on manufacturing technology for 15-meter diameter single piles and super-large guide frames [2] - The annual output value after production is expected to exceed 2 billion yuan, providing strong capacity support for the company's expansion into overseas markets [2] - The Qatar oil and gas pipe pile project consists of seven phases over approximately ten years, with future products including wind towers, single pile structures, and guide frame structures to be shipped globally [2]

Core Viewpoint - The development of marine engineering is crucial for building a maritime power, directly supporting national strategic resource and energy security, as well as sustainable economic development [2][4]. Group 1: Current Status and Importance of Marine Engineering - Marine engineering technology is essential for constructing various facilities such as sea walls, docks, artificial islands, and oil and mining platforms, which face challenges from harsh marine conditions [3][4]. - The technology plays a significant role in addressing climate change, protecting marine ecosystems, and enhancing marine governance capabilities [4]. Group 2: Research Directions and Challenges - While marine engineering technology in shallow waters is becoming mature, there remains a gap in deep-sea technology compared to global standards [5]. - The focus is shifting towards deep-sea oil and gas exploration, large floating wind farms, and deep-sea aquaculture, necessitating advancements in marine engineering to support these developments [5]. Group 3: Contributions and Innovations - The team has developed key technologies for shallow water construction, which have been applied in over 30 major projects domestically and internationally, providing a solid foundation for marine technology innovation [4][9]. - Recent innovations include integrated construction equipment for underwater cable and pipeline laying, designed to operate in deep-sea environments [5]. Group 4: Talent Development and Future Outlook - The cultivation of talent in marine engineering should align with the characteristics of the discipline and the demands of the times, emphasizing interdisciplinary knowledge and practical experience [10]. - Young researchers are encouraged to integrate personal aspirations with national goals, fostering a spirit of perseverance and dedication to scientific inquiry [9][10].

Core Viewpoint - The development of advanced marine engineering technology is essential for building a maritime power, as it directly supports national strategic resource and energy security, as well as sustainable economic development [2][3]. Group 1: Current State of Marine Engineering Technology - China's marine engineering technology is maturing in shallow water areas, but there is still a gap compared to global advanced levels in deep-sea fields [3]. - The focus of marine engineering research includes deep-sea oil and gas exploration, large floating wind power, and deep-sea aquaculture, driven by the wave of intelligent technology [3][4]. Group 2: Contributions to Deep-Sea Development - The team has developed various marine engineering equipment to tackle challenges in deep-sea environments, such as extreme conditions and system integration [4]. - Innovations include integrated construction equipment for laying underwater cables and pipelines in deep-sea environments, and fully assembled deep-water construction equipment [4]. Group 3: Importance of Marine Engineering in National Strategy - Marine engineering technology plays a crucial role in upgrading high-end equipment manufacturing, new materials, and intelligent control industries, as well as in addressing climate change and protecting marine ecosystems [2]. - The successful application of key technologies in shallow water has been demonstrated in over 30 major projects domestically and internationally, providing a solid foundation for marine technology innovation [2][8]. Group 4: Talent Development in Marine Engineering - The cultivation of young talent in marine engineering should align with national needs, emphasizing practical application and interdisciplinary knowledge [10]. - The training process should incorporate real-world engineering experiences, fostering a hands-on learning environment for students [10].

Core Viewpoint - The ocean economy is emerging as a new growth point for coastal provinces and cities in China, with significant government support and policy initiatives aimed at promoting its development [2][3]. Economic Performance - In the first half of the year, China's marine GDP reached 5.1 trillion yuan, marking a year-on-year growth of 5.8% [2]. - The marine GDP is projected to exceed 10 trillion yuan in 2024, reaching 10.5438 trillion yuan, with a growth rate of 5.9%, outpacing the national GDP growth by 0.9 percentage points [3]. - Marine aquaculture production increased by 5.6% year-on-year, contributing to a 4.8% rise in marine food production [3]. Sector Highlights - The marine tourism sector saw an increase in value added to 771.8 billion yuan, growing by 8% year-on-year, with cruise tourism experiencing a surge in passenger numbers [4]. - The marine transportation sector reported a 5.2% increase in cargo volume and a 6.9% increase in cargo turnover [5]. - The marine engineering equipment manufacturing industry maintained a leading international market share, with new orders, completed orders, and hand-held orders accounting for 64.0%, 47.2%, and 57.6% of the global market, respectively [5]. Emerging Industries - There is a rapid rise in emerging marine industries, although traditional industries still dominate, with marine fisheries, coastal tourism, and marine transportation accounting for nearly 90% of the marine economy [6]. - The development of marine renewable energy, marine biomedicine, and high-tech marine equipment is expected to create significant growth opportunities [6]. Regional Developments - Various regions are actively laying out plans for marine economic development, with Hainan aiming to build a modern marine industry system by 2027 [7]. - Shanghai's marine GDP reached 1.1387 trillion yuan in 2024, growing by 11.2%, and the city is focused on developing a world-class shipbuilding and marine engineering equipment industry [8]. - Fujian province, a leader in marine production, is accelerating its investment in the marine biomedicine sector, with a new high-tech industrial park under construction [8]. Overall Outlook - The regional driving effect of the marine economy is becoming increasingly significant, with provinces like Shandong, Guangdong, and Hainan actively promoting marine economic development [9].