Core Insights - The company, Huaying Yachts, is expanding its market presence in Southeast Asia with recent agreements signed with distributors in Indonesia and Vietnam, marking a new starting point for its Aquila brand yachts [1] - The A70 yacht, which is the largest and highest manufacturing level yacht produced by Huaying Yachts, has a unit price of 40 million RMB and has been delivered to clients in the Asia-Pacific market this year [1][2] - The company is facing challenges due to a decline in the U.S. market share, which previously accounted for nearly all of its export volume, but is actively investing in R&D and exploring new markets [2][4] Company Developments - Huaying Yachts has developed the A70 model over three years, which is recognized as a key product in Zhejiang Province's equipment manufacturing sector [2] - The company has adopted an order-based production model, catering to diverse customer demands from various regions, including Southeast Asia and Australia [3] - Increased R&D investment has led to the design of 3 to 4 new yacht models this year, including specialized fishing boats tailored to Australian preferences [4] Market Strategy - The company is establishing service networks globally to ensure adequate after-sales support and is participating in renowned yacht exhibitions in France and Singapore to enhance brand visibility [4] - Huaying Yachts is adapting its marketing strategies by selling yachts to resorts in Thailand, allowing these resorts to offer boating experiences to tourists [4] - The company emphasizes that mid-sized yachts are the mainstream vessels for water sports and leisure activities abroad, indicating significant market potential for expansion [5] Industry Context - Huaying Yachts represents a microcosm of the broader trend in Chinese manufacturing, transitioning from "made in China" to "intelligent manufacturing in China" [5] - The company’s approach aligns with three major trends in manufacturing upgrades: technological breakthroughs, market diversification, and brand development [5] - The resilience and adaptability of the company in the face of international trade challenges highlight its commitment to innovation and market responsiveness [6]

南都讯 记者李洁琼 在珠海金湾区平沙游艇产业园，珠海杰腾造船的工人们正为跨越太平洋的"长续航游 艇"冲刺工期。这个国内唯一的游艇专业镇，如今站上粤港澳大湾区"游艇自由行"的风口：预计最快今 年底，首艘港澳游艇将直航驶入金湾码头，开启跨境维保破冰之旅！ 1平方公里的"游艇宇宙" 占地仅1平方公里的平沙游艇产业园，却是中国游艇产业的"心脏"。20年积淀让这片土地聚集35家产业 链企业，形成国内最早设立、规模最大、链条最完整的游艇制造基地。 目前，平沙镇共有35家游艇相关企业，包括游艇制造企业32家、游艇配套和服务企业3家。其中，9家为 高新技术企业，4家为广东省专精特新企业。 2024年，13家规上企业产值达7.86亿元，同比增长15.89%；2025年前五月增速飙至36.03%，产业复苏势 头强劲。 这里诞生过多个"全球首发"：澳龙船艇的智能养殖工船"九洲一号"实现全域智能化养殖；佳航游艇的超 级三体游艇被国际权威杂志评为"世界最惊艳"；铎泽游艇则推出全球首艘太阳能双体游艇。目前园区拥 有9家高新技术企业、4家省级专精特新企业，硬科技底色耀眼。 破局时刻 港澳游艇驶入"家门口" 产业高地 面对港澳地区超1.5万 ...

Group 1 - The core viewpoint of the report indicates a downward adjustment of the revenue forecast for Ferretti Group due to macroeconomic headwinds affecting yacht demand, with 2025 revenue projected at €1.29 billion, a 3% decrease, and adjusted EBITDA forecasted at €203 million, a 4% decrease [1] - The report introduces a new revenue forecast for 2026 at €1.37 billion and adjusted EBITDA at €221 million, reflecting the company's high-end positioning and market leadership supporting profitability improvement and business resilience [1] - The company showcased seven significant yachts at the 2025 Venice Boat Show, including two global premieres, highlighting its leadership in innovation and luxury yacht craftsmanship [2] Group 2 - Ferretti Group reported a strong performance in Q1 2025, with a record order backlog of €1.77 billion, a 7.6% year-on-year increase, and net revenue (excluding second-hand sales) of €330 million, a 5.0% increase [2] - The company previously provided guidance for 2025, expecting net revenue (excluding second-hand sales) between €1.22 billion and €1.24 billion, with an EBITDA margin improvement of 30 to 50 basis points [3] - The company maintains confidence in achieving its annual and mid-term targets due to a robust order backlog and the resilience of its high-end customer base [3]

Core Insights - The company reported a strong financial performance for Q1 2025, with a record order volume of €1.7686 billion, reflecting a growth of 7.6% compared to March 31, 2024, and 6.3% compared to December 31, 2024 [2] Group 1: New Orders - New orders for Q1 2025 amounted to €270.6 million, representing an increase of approximately 1.5% from €266.6 million in Q1 2024, driven by strong performance in the custom yacht segment [1] - Cumulative orders as of March 31, 2025, reached €1.7686 billion, up 6.3% from €1.6639 billion on December 31, 2024, and up 7.6% from €1.6434 billion on March 31, 2024, supported by larger vessel orders received in the previous quarter [1] Group 2: Net Orders - The net cumulative orders as of March 31, 2025, stood at €839.6 million, a slight decrease of about 1.3% from €900 million on December 31, 2024, but an increase of 7.6% from €828.7 million on March 31, 2024 [1] Group 3: New Yacht Revenue - New yacht net revenue for Q1 2025 was €328.5 million, an increase of approximately 5.0% from €313 million in Q1 2024, attributed to a significant backlog of orders from 2023 and 2024, with a continued rise in the share of large yachts, custom yachts, and superyachts [1]

依法纳税"为准则，书写着企业发展与社会责任协同共进的佳话。 走进金运游艇的生产基地，机器的轰鸣声交织成一曲奋进的乐章。加工区内，精密机床精准作业，误差 精确至毫米级；抽真空车间里，进口设备高效运转，树脂注入与空气排出同步完成。 "订单都排到年底啦，大家伙儿都鼓足了劲儿在干！特别是游钓艇，3-6个月就能完成生产，市场供不应 求。"生产线上的工人笑着说道，言语间满是自豪。如今，金运游艇的客户版图从国内沿海拓展到国际 市场，2024年销售游艇近百条，已然成为行业瞩目的"黑马"。 谈及企业快速发展的秘诀，研发总监龙玺打开了话匣子："技术创新就是我们的核心竞争力。就 拿'JY101'休闲海钓艇来说，为了优化船型，我们花了两年时间，做了10余次船体线型优化和流体力学 模拟。现在它的航速能达到30节，每海里油耗才7升，还没投产就斩获了不少意向客户的青睐。" 在企业全力奔赴发展的道路上，国家税务总局威海市税务局威海临港经济技术开发区税务分局发挥部门 职责，为游艇企业"保驾护航"。"除了准确计算应纳税款，企业还需严格遵守税务申报期限和备案要求 等，防止影响企业当前A级的纳税信用等级，很担心之后在涉及税收优惠、资产损失等特殊事项 ...