科研平台建设成效显著，全球动植物种质资源鉴定评价及确权交换中心等9个项目完工，南山港科考服 务体系二期等23个项目开工，崖州湾国家实验室智能育种加速器等20个重点项目立项，深远海无人装备 未来技术与产业创新平台等6个重点项目启动。 产业集群持续壮大，国投、中种等种业链主企业扩大经营，带动百余家产业链企业汇集展业，77家重点 种业企业落地运营，新增10家种业CRO(种业领域合同研究组织)经营主体。布局、组装、调试的深海装 备产线达到32条，深海智能装备产业创新平台正式运行，深海装备关键重要小件机械加工、深海智能装 备制造研发等一批科技成果实现产业化落地。 面向"十五五"，三亚明确自贸港科创高地建设奋斗目标：科技创新能级迈上新台阶，科技创新体系更加 完善，全社会研发经费投入总量持续较快增长，种业、深海产业能级进一步提升，"政产学研金服用"一 体化创新生态持续优化，教育、科技、人才一体发展格局基本形成，科技创新和产业创新深度融合发 展，创建崖州湾国家高新技术产业开发区，全国种业深海科技产业创新示范区建设成型起势。(完) （文章来源：中国新闻网） 中新网三亚1月23日电 (张月和)三亚市市长陈希23日在三亚两会上作政 ...

Core Insights - The Central Economic Work Conference emphasizes the need to strengthen overall planning of major bays to promote high-quality development of the marine economy [1][2] - The marine economy is becoming an important force for stable economic growth and structural optimization in China, with marine production value expected to exceed 10 trillion yuan in 2024 [1][2] Group 1: Development and Economic Impact - China has over 1,800 kilometers of coastline with more than 150 bays larger than 10 square kilometers, which are crucial for economic activities and ecological value [1] - The marine economy's production value reached 7.9 trillion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 5.6% [1] - The development of the marine economy is vital for stabilizing economic growth and optimizing economic structure [1] Group 2: Administrative Barriers and Challenges - Major bays often span multiple administrative regions, leading to inconsistent planning and standards, which results in issues like infrastructure redundancy and market segmentation [3] - Traditional marine industries still account for over 70% of the economy, while emerging strategic industries need to increase their share [3] - Environmental challenges are significant, with 7.9% of nearshore waters classified as poor quality, particularly in areas like Liaodong Bay and the Yangtze River estuary [3] Group 3: Strategic Recommendations - Experts suggest implementing a "one bay, one policy" approach to enhance top-level design and establish cross-departmental coordination mechanisms [4][5] - There is a call for a unified approach to coastal space usage and integrated governance of river basins, estuaries, and bays [5] - Emphasis on innovation-driven development is crucial, with plans to modernize the marine industry and focus on green and intelligent upgrades [6][7] Group 4: Technology and Sustainability - The need to avoid "research without application" in marine technology is highlighted, advocating for better channels for technology transfer from labs to markets [7] - Balancing development and protection is essential, ensuring ecological safety while pursuing technological advancements [7]

Group 1: Ocean Economy and Deep-Sea Industry - The first domestically designed deep-sea drilling vessel "Dream" has been officially launched in Guangzhou, highlighting the city's commitment to developing a competitive deep-sea industry [2] - The Jiusan Society of Guangzhou suggests accelerating the establishment of a deep-sea future industry system to inject new momentum into Guangzhou's economic development, emphasizing the need for improved deep-sea infrastructure and core technology [3][4] - Recommendations include building a deep-sea equipment testing facility in Nansha New District and upgrading the Nansha Port to support deep-sea operations, aiming for an integrated "R&D - testing" model [3][4] Group 2: Silver Economy - The Guangzhou Municipal Committee of the Democratic Progressive Party emphasizes the need to cultivate a national-level silver economy industrial park, given the significant elderly population and their consumption potential [7][8] - By the end of 2024, the elderly population in Guangzhou is projected to reach 212.92 million, with an annual consumption potential exceeding 150 billion [7] - The proposal includes creating a "1+N" silver economy industrial park system to enhance the industrial layout and foster a cluster of silver economy industries [8][9] Group 3: Financial Support for Silver Economy - The Guangzhou Municipal Committee of the China Democratic National Construction Association highlights the importance of establishing a financial regulatory coordination mechanism to support the silver economy [9][10] - The silver economy is expected to grow from 7 trillion to 30 trillion by 2035, making it a crucial driver for domestic demand and economic stability [9] - Recommendations include enhancing the pension system, improving financial support, and increasing the participation of social capital in the silver economy [10]

Core Viewpoint - The global economy is expected to show moderate recovery in 2026, supported by ample liquidity and a gradual recovery in inventory and profit cycles, shifting the market narrative from valuation recovery to profit support [1][30]. Group 1: Overseas Macro - The global economy will continue to recover, with K-shaped economic characteristics persisting but narrowing. Major economies are projected to have varied GDP growth rates: the US at 2.4%, Eurozone at 1.0%, Japan at 0.8%, and emerging markets at 4.2% [2][30]. - Global inflation is on a downward trend, with expectations that the Federal Reserve may cut interest rates 2-3 times in 2026, leading to a decrease in short-term rates [31][30]. Group 2: Domestic Macro - Fiscal policies are expected to drive investment recovery in major economic provinces, with a focus on infrastructure, manufacturing recovery, and a narrowing decline in real estate sales and investment [8][35]. - The Producer Price Index (PPI) is anticipated to rise initially before stabilizing, while the Consumer Price Index (CPI) may see moderate increases. The profit cycle is gradually recovering, with improvements expected in various sectors [9][35]. Group 3: Liquidity Environment - A clear trend of global liquidity easing is established, with the Federal Reserve leading improvements in overseas liquidity. Domestic monetary policy is expected to align with fiscal measures, potentially leading to interest rate cuts [12][38]. - The supply of funds is likely to be dominated by institutional capital, with private equity funds potentially driving high-net-worth individuals back into equity allocations [14][38]. Group 4: Strategic Allocation Directions - The market is expected to shift from valuation recovery to profit-driven dynamics in 2026, with Chinese assets still having room for valuation recovery [41][42]. - Key sectors to focus on include technology and advanced manufacturing, traditional export chains, and industries with increasing overseas revenue proportions [42][45]. - Future industry themes may include smart manufacturing, next-generation communications, advanced materials, and future energy solutions [47].

Core Viewpoint - The ownership change of Delixi Co., Ltd. (德力股份) has been announced, with the new controlling shareholder being Liao Ning Yiyuan Aviation Technology Co., Ltd. (翼元航空), leading to significant market reactions and concerns regarding the company's future direction and financial health [1][3][5]. Group 1: Ownership Change Details - The new share issuance plan involves a change in the controlling shareholder from Xinjiang Bingxin Jian High-tech Industry Investment Operation Partnership to Yiyuan Aviation, with the actual controllers being Wang Tianzhong and Xu Qinghua [1][3]. - The stock price of Delixi experienced a decline of 6.08% on December 24, closing at 10.35 yuan per share, following the announcement of the new share issuance plan [1][3]. - The new issuance plan aims to raise up to 885 million yuan, with the shares priced at 7.53 yuan each, and all proceeds intended for enhancing liquidity or repaying bank loans [3][5]. Group 2: Financial Performance and Challenges - Delixi has reported net losses for three consecutive years, with a loss of approximately 89.8 million yuan in the first three quarters of the current year [1][11]. - The company's asset-liability ratio has been increasing, reaching 68.08% by the end of 2024, indicating growing financial pressure [10]. - Revenue for Delixi has been declining, with a reported revenue of approximately 1.19 billion yuan in the first three quarters of this year, a year-on-year decrease of 11.07% [11]. Group 3: New Shareholder Background - Wang Tianzhong and Xu Qinghua, the new controllers, are associated with Huatian Aviation Technology Co., Ltd., which specializes in aerospace and deep-sea equipment, indicating a potential shift in Delixi's strategic focus [7][8]. - Huatian achieved revenues of approximately 190 million yuan and 77.9 million yuan for 2024 and the first nine months of 2025, respectively, with net profits of 62 million yuan and 14.6 million yuan [8]. Group 4: Market Reactions and Regulatory Concerns - The stock price of Delixi saw unusual fluctuations prior to the announcement, raising concerns about potential insider trading investigations [4][6]. - The change in the share issuance plan occurred just over two months after the previous announcement, with the fundraising target increasing from 720 million yuan to 885 million yuan [5].

Core Viewpoint - Hainan Sanya Yazhou Bay Science and Technology City is leveraging national deep-sea strategic layout and free trade port advantages to accelerate the construction of a system that integrates platform empowerment, innovation-driven initiatives, shared support, and industry-research integration, promoting the deep integration of deep-sea technology and industry, and facilitating the transformation of scientific achievements and industrial upgrades [3]. Group 1: Platform Empowerment - The implementation of a "land-sea-air" technology innovation strategy in Hainan aims to promote industrial agglomeration development [3]. - Establishment of the Hainan Deep-Sea Technology Innovation Center and a special fund for deep-sea technology industry promotion to create a public service platform for deep-sea technology equipment testing [3]. - Development of a deep-sea technology innovation ecosystem to foster the agglomeration of deep-sea equipment industries [3]. Group 2: Innovation-Driven Initiatives - The Deep-Sea Technology Innovation Center integrates software and hardware resources in Sanya Yazhou Bay Science and Technology City to drive the productization and industrialization of deep-sea equipment [3]. - A total of 17 national science and technology projects have been guided to spillover technological achievements into Hainan, supporting the establishment of 11 deep-sea equipment research and operation bases [3]. Group 3: Shared Support - Construction of a comprehensive testing and inspection center for deep-sea technology equipment, providing inspection services 421 times and completing 1,607 tasks for various deep-sea key equipment and small components [3]. - Establishment of a shared voyage platform for deep-sea technology equipment testing, organizing 10 shared voyages and implementing 28 voyage tasks, providing sea trial verification services for 62 enterprises and institutions, thereby reducing sea trial costs [3]. Group 4: Industry-Research Integration - The focus on both attracting and nurturing talent accelerates the gathering of deep-sea resources and the cultivation of the deep-sea industry [4]. - A deep-sea industry promotion system is constructed, covering the entire chain from "joint laboratory research and development to project support and major project implementation," with a total of 38 deep-sea technology enterprises established [4].

Core Viewpoint - Recently, Shaanxi Weilan Deep Sea Information Technology Co., Ltd. completed a million yuan angel round financing, which will primarily be used for the R&D upgrade of its core product "Super Frogman" underwater embodiment platform, supporting the implementation of the world's first large-scale underwater autonomous operation demonstration project [1] Group 1: Company Overview - Weilan Deep Sea focuses on deep-sea equipment and aims to operate in a 3.6 million square kilometer underwater operational scenario, which is a challenging area for human exploration and a significant application for embodied intelligence technology [1] - The "Super Frogman" underwater embodiment platform has achieved several times the performance of elite frogman special forces in key technical indicators such as operational depth, range, and duration [1] - The platform consists of two core modules: an underwater autonomous identification and disposal robot and an underwater in-situ power supply station, which captures deep-sea current energy for long-term maintenance-free power and communication support [1] Group 2: Technological Competitiveness - The company has developed ultra-low flow speed ocean current power generation technology that can start generating power stably in deep-sea environments with speeds as low as 0.1 m/s, addressing the industry's long-standing energy supply issues for underwater unmanned equipment [2] - The embodied intelligent system constructed by the company features a "perception-decision-execution" closed loop, utilizing multi-modal fusion detection technology for precise identification and positioning of distant targets, even in complex sea conditions [2] Group 3: Market Potential - The global underwater robot market is approximately 50 billion yuan, with the "human-in-loop" operational model being a core limitation to market expansion [3] - The founder of Weilan Deep Sea stated that the "Super Frogman" platform enables "human not in the loop" fully autonomous operations, significantly reducing the cost and difficulty of underwater operations, and has the potential to lead the trillion-yuan underwater autonomous operation market [3] Group 4: Performance and Future Plans - The R&D team has led a total of 80 million yuan in national scientific research projects and successfully completed the development of the third-generation "Super Frogman" platform [4] - The company is focusing on the world's first large-scale underwater autonomous operation demonstration project, with plans to start batch delivery of the entire machine in early 2027 after completing benchmark cases in 2026 [4] Group 5: Competitive Landscape - The company's differentiation lies in its fully autonomous underwater operation capability, contrasting with the industry’s reliance on mother ship-controlled operations [5] - The founder believes that the current market dominated by large state-owned enterprises presents opportunities for technology-driven startups like Weilan Deep Sea, which can address traditional industry pain points through innovative technology and collaborative efforts [5] - The future development strategy includes a "dual-path parallel" approach, focusing on commercial implementation and enhancing generalized underwater operational capabilities through the establishment of an underwater data collection center [5]

Core Insights - Wuxi is actively exploring paths to integrate technological innovation with industrial innovation, achieving significant results in five key areas: tackling core technologies, building collaborative systems, nurturing innovation clusters, promoting results transformation, and deepening institutional reforms [1][2] Group 1: Achievements in Technological and Industrial Innovation - Wuxi has made progress in overcoming "bottleneck" challenges in core technologies, achieving breakthroughs in fields such as integrated circuits and deep-sea equipment [2] - A collaborative system has been established, characterized by a model where enterprises propose challenges, universities provide solutions, and government and platforms facilitate operations, leading to coordinated technological breakthroughs and industrial transformations [2] - The city has strengthened the role of leading enterprises in innovation, supporting the formation of innovation alliances and nurturing specialized "little giant" enterprises and high-tech firms, creating a tiered innovation structure [2] - Wuxi has laid out forward-looking verification centers and pilot service platforms in collaboration with top national universities to accelerate the industrial application of technologies [2] - Institutional reforms have been initiated, including the establishment of a municipal science and technology innovation committee and the exploration of a model combining preliminary research with investment and technology funds to enhance innovation vitality [2] Group 2: Future Recommendations for Continued Integration - Wuxi should combine problem-oriented and goal-oriented approaches to identify and address challenges in technological and industrial development, enhancing systematic problem-solving capabilities [3] - The city must reinforce the role of enterprises as the main players in technological innovation, leveraging their integration capabilities across innovation, industry, finance, and talent [3] - There is a need for pioneering reforms, utilizing the city's strengths in deep reforms to explore breakthroughs in talent mobility and research outcome rights [3] - Wuxi should leverage its position as a key city in the Yangtze River Delta to accelerate the development of high-quality economic models and participate in national major technological tasks [3] Group 3: Financial Support for Innovation - A virtuous cycle system among technology, industry, and finance should be established in Wuxi to provide financial support for the deep integration of technological and industrial innovation [4]

Core Insights - The National Development and Reform Commission is working on the "14th Five-Year" marine economy development plan, focusing on transforming traditional marine industries and promoting emerging sectors like offshore wind power and marine biomedicine [1] - The Ministry of Natural Resources reports that China's marine production value will exceed 10 trillion yuan in 2024, accounting for 7.8% of GDP, with significant government support for deep-sea technology and related industries [1] - Forecasts suggest that by 2025, China's marine production value will surpass 13 trillion yuan, with deep-sea technology industries making up over 25% of this total [1] Industry Developments - The government plans to establish a 50 billion yuan fund for deep-sea key technologies and equipment, alongside a 100 billion yuan fund specifically for offshore wind power [1] - Guangdong province has outlined a plan to develop three marine industry clusters worth over 100 billion yuan by 2025 [1] - Morgan Stanley predicts an 18% CAGR for China's deep-sea equipment market from 2025 to 2030, while domestic institutions expect the marine biomedicine market to exceed 80 billion yuan by 2025 [1] Market Opportunities - Everbright Securities highlights the significant potential of the marine economy and deep-sea technology, suggesting that the "14th Five-Year" plan could catalyze new growth opportunities [2] - Key areas for investment include deep-sea equipment, shipping, offshore wind power, and marine biomedicine [2]

Core Viewpoint - The Guangdong Provincial People's Congress has passed the "Regulations on Promoting High-Quality Development of the Marine Economy," which will take effect on July 1, 2025, aiming to address bottlenecks in marine economic development through legal frameworks [1][3]. Legislative Background - The central government has emphasized the importance of marine economic development, with the 20th National Congress highlighting the need to develop marine economies and protect marine ecosystems [3]. - Guangdong, despite being a leading marine economy with a marine production value exceeding 2 trillion yuan in 2024, faces challenges such as uncoordinated industrial development and insufficient technological innovation [3]. Industrial Leap - The regulations focus on building a modern marine industry system, optimizing spatial layout, and promoting coordinated development between land and sea [5]. - Specific measures include the development of marine cities and the optimization of marine economic spatial layout, addressing the imbalance in marine industry development between different regions [5][6]. New Emerging Industries - The regulations encourage the expansion of electronic information enterprises into marine sectors and the development of offshore wind power [6]. - Guangdong aims to foster new industrial clusters worth hundreds of billions, focusing on deep-sea equipment and marine biotechnology [6]. Innovation and Production Capacity - The regulations emphasize strengthening technological innovation and creating a collaborative innovation system involving enterprises, markets, and research institutions [8]. - Key initiatives include establishing high-standard innovation platforms and promoting the aggregation of technological, talent, and financial resources towards marine enterprises [8][9]. Spatial Management - The regulations prioritize resource protection and spatial governance, ensuring a balance between marine development and ecological restoration [11]. - Innovative measures include the introduction of a "coastal line occupation and compensation system" and the implementation of spatial constraints to protect marine ecosystems [12].