Core Points - The sixth member representative conference of the China Shipbuilding Industry Association was held on November 23 in Beijing [1] - The conference elected the sixth council members and the first supervisory board members through a secret ballot [1] Summary by Categories Leadership Changes - Wang Guoqiang was elected as the president of the sixth council of the China Shipbuilding Industry Association [1] - 18 vice presidents were elected, including Wang Jianzhong, Wang Qi, Liu Haijin, Sun Yunfei, Li Yanqing, Wu Sichuan, Zhang Xingbo, Zhang Hongfei, Shao Yu, Lin Ou, Luo Le, Luo Bing, Zhou Xuhui, Weng Hongbing, Huang Rutang, Han Dongwang, Han Duanfeng, and Ji Chunyan [1] - Li Yanqing also serves as the secretary-general and legal representative of the association [1] - Chen Hailong was elected as the chairman of the supervisory board [1]

数据来源：中国海关，智研咨询整理 近一年中国船舶出口情况统计图 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：中国船舶（600150） 相关报告：智研咨询发布的《2026-2032年中国船舶工业行业投资潜力研究及发展趋势预测报》 根据中国海关数据显示：2025年10月中国船舶进口数量为384艘，同比增长233.9%，进口金额为0.06亿 美元，同比增长125.7%，2025年10月中国船舶出口数量为443艘，同比下降4.5%，出口金额为53.69亿美 元，同比增长60.9%。 近一年中国船舶进口情况统计图 ...

Core Viewpoint - The ocean is a strategic area for high-quality development, and promoting the high-quality development of the marine economy is essential for advancing Chinese-style modernization [1] Group 1: Achievements in Marine Economy - During the "14th Five-Year Plan" period, China's marine economy has shown significant development, with the total marine economy expected to exceed 10 trillion yuan in 2024, accounting for 7.8% of GDP [3][4] - The marine transportation volume and container throughput account for approximately one-third of the global total, with China holding eight of the top ten ports in global cargo throughput [4] - The production value of the marine economy grew by 5.8% year-on-year in the first half of this year, surpassing the GDP growth rate by 0.5 percentage points [4] Group 2: Innovation and Technology - The independent innovation capability of marine technology has been continuously enhanced, with significant advancements in deep-sea exploration technologies represented by "Jiaolong," "Fendouzhe," and "Mengxiang" [5] - China's shipbuilding industry has achieved breakthroughs in constructing aircraft carriers, large cruise ships, and large LNG carriers, maintaining over 50% of the global market share in shipbuilding and marine engineering equipment [5] Group 3: Impact on Livelihood - The development of deep-sea aquaculture and smart fishing technologies has significantly improved the quality and availability of marine products, making seafood more accessible and affordable for the public [2][5] - The establishment of national-level marine ranches has contributed to a diverse range of seafood products available in markets, enhancing the quality of life for consumers [5] Group 4: Future Directions for Marine Economy - Future efforts to promote high-quality development in the marine economy will focus on five key areas: innovation-driven development, efficient collaboration, industrial upgrading, harmonious human-ocean relationships, and cooperative win-win strategies [6] - Emphasis will be placed on enhancing marine technology innovation, optimizing marine economic zones, and developing modern marine industries such as offshore wind power and marine biomedicine [6]

Core Insights - During the "14th Five-Year Plan" period, the Chinese shipbuilding industry has capitalized on the global shipping industry's green transformation and the new rising cycle of the shipbuilding market, achieving significant milestones in green low-carbon technology application and high-end ship type research and development [1] - The industry has maintained its position as the world's largest shipbuilding market for 16 consecutive years, with a comprehensive capability in ship and marine product assembly and construction [1] Digitalization and Intelligence - Key enterprises are accelerating their digital and intelligent transformation, enhancing the digital, networked, and intelligent levels of ship design, construction, and services [1] - Significant breakthroughs have been made in the application of digital and intelligent technologies in products such as ships, including areas like assisted autonomous navigation, comprehensive energy efficiency management, equipment operation and maintenance, ship-to-shore communication, and intelligent cargo management [1] - The technology for intelligent ships has evolved from single-system applications to multi-system integration [1] Green Development - The Chinese shipbuilding industry is building a green ship product system and technology framework, supported by dual-fuel technology, new energy applications, and green energy-saving configurations [1] - The mainstream products are accelerating their green low-carbon transformation, making China a major supplier of low-carbon shipping equipment globally [1] - In 2024, China's share of new green ship orders in the international market is expected to reach 78.5%, covering main ship types such as container ships, oil tankers, and bulk carriers [1] Future Outlook - Looking ahead to the "15th Five-Year Plan," the industry aims to proactively align with international rules and market demands, leveraging global industrial chain collaborative innovation advantages [1] - There is a focus on accelerating the development of new productive forces to strengthen the position of the shipbuilding and related industries in global industrial division of labor, supporting the construction of a maritime power and a manufacturing power [1]

Core Insights - The report by Zhiyan Consulting highlights the investment potential and development trends in China's shipbuilding industry from 2026 to 2032 [1] Import and Export Data - In September 2025, China imported 45 ships, representing a year-on-year decrease of 69.2%, with an import value of 0.01 million USD, down 78.6% year-on-year [1] - In the same month, China exported 543 ships, showing a year-on-year increase of 24%, with an export value of 6.59 billion USD, up 43% year-on-year [1] Industry Analysis - The data indicates a significant decline in ship imports while exports are on the rise, suggesting a shift in the industry dynamics [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and tailored consulting services [1]

Core Insights - The report by Zhiyan Consulting highlights the investment potential and development trends in China's shipbuilding industry from 2026 to 2032 [1] Export Data Summary - In August 2025, China exported 43 bulk carriers, representing a year-on-year decrease of 25.9% in quantity [1] - The export value for the same month was 1.03 billion USD, showing a year-on-year increase of 7.5% [1] Company Profile - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services, including feasibility studies and customized reports [1]

Core Viewpoint - The dual-driven approach of enhanced fiscal policy and a shift towards consumption policy has become the key force supporting China's economy to achieve unexpected growth, with GDP growth reaching 5.3% in the first half of the year [1][2]. Fiscal Policy - Fiscal policy has taken the lead in stabilizing growth, moving away from an over-reliance on monetary policy. The net financing scale of government bonds reached 7.66 trillion yuan in the first half of the year, marking the second-highest level since 2020 [2]. - Special refinancing bonds aimed at resolving local debt risks had an issuance progress of 90%, while special new bonds for major project construction reached 58% [2]. Consumption Policy - The policy focus has historically shifted towards consumption, with the upcoming Central Economic Work Conference prioritizing "greatly boosting consumption" for the next year's economic work [2][3]. - Specific measures include the allocation of 300 billion yuan in long-term special bonds to support the replacement of consumer goods, a doubling from the previous year [3]. New Consumption Trends - Four new consumption trends have emerged: 1. "Self-care and health consumption" with sales of smart wearables and low-sugar foods increasing over 100% 2. "National products and trends" showing significant growth in products with intangible cultural heritage elements 3. "New technology and products" rapidly rising, particularly in AI laptops and smart robots 4. "Elderly consumption" showing a notable recovery in spending among those aged 56 and above in first-tier cities [3]. Service Consumption Gap - There is a significant gap in service consumption between China and the U.S., with China's service consumption accounting for only 17.9% of GDP compared to the U.S.'s 45.8% [4][5]. Policy Recommendations - Recommendations to boost consumption include: 1. Expanding and optimizing the replacement policy for consumer goods 2. Increasing support for service consumption through vouchers and discounts 3. Encouraging mid-to-high-end consumption, particularly in sectors like yacht economy and automotive modification [6]. Yacht Economy - The yacht economy is identified as a potential new engine for economic growth, with significant opportunities for high-end manufacturing and service consumption [8]. - The current market for yacht manufacturing in China is underdeveloped, with a total output value of only 12.8 billion yuan in 2024, indicating a substantial gap compared to traditional yacht manufacturing countries [9]. Economic Effects of Yacht Industry - The yacht economy can: 1. Compensate for high-end manufacturing shortfalls and elevate the shipbuilding industry to high-value sectors 2. Release service consumption potential and drive the development of related industries 3. Promote deep integration of manufacturing and service sectors, creating significant multiplier effects 4. Generate employment opportunities across various skill levels 5. Upgrade infrastructure and enhance regional development attractiveness [10][11][12][13]. Policy Framework for Yacht Economy - A comprehensive policy framework is suggested to address systemic barriers in the yacht economy, including establishing a negative list for restricted sailing areas, clarifying management responsibilities, and developing regulations tailored to the yacht industry [13].

Group 1 - The article emphasizes that the Chinese Communist Party has consistently been able to scientifically grasp historical positions and changes in the situation, formulating correct political strategies to guide the Chinese people through numerous risks and challenges, ensuring that China remains at the forefront of the times [4][5]. - The 20th Central Committee's Fourth Plenary Session aims to develop the "14th Five-Year Plan" to make top-level designs and strategic plans for the next five years, focusing on major breakthroughs in strategic tasks related to Chinese-style modernization [4][5]. - The article highlights that China's modernization has not only transformed its own development but has also changed the modernization process in developing countries, with China's five-year plans being recognized as a model of long-term strategic planning [4][5]. Group 2 - The article discusses how China has achieved unprecedented economic growth and social stability, completing the industrialization process in a few decades that took Western developed countries centuries, and lifting nearly 100 million rural poor out of poverty in just eight years [5][6]. - It points out that the Chinese government has implemented a series of policies to ensure the steady progress of Chinese-style modernization, emphasizing the importance of strategic planning and tactical precision [6][11]. - The article mentions that China's commitment to high-quality development is a fundamental principle in the new era, aiming to respond to uncertainties with the certainty of high-quality growth [9][11]. Group 3 - The article outlines China's commitment to green and low-carbon development, aiming for a 7%-10% reduction in greenhouse gas emissions by 2035 and increasing the share of non-fossil energy consumption to over 30% [9][10]. - It highlights the establishment of a complete carbon market system in China, with significant trading volumes in carbon emissions rights and voluntary greenhouse gas reduction markets [12]. - The article emphasizes that China's ecological civilization construction has achieved remarkable results, positioning the country as a global leader in sustainable development [12][13]. Group 4 - The article stresses the importance of a people-centered development approach, linking high-quality development with high-quality living standards, and recognizing the vast potential of China's large market [15][21]. - It discusses the historical changes in social contradictions and how the government is addressing the new expectations of the people for a better quality of life [16][21]. - The article notes that the income of rural residents in poverty-stricken counties has been growing at an annual rate of 7.8%, outpacing the national average [19]. Group 5 - The article highlights the importance of governance and legal frameworks in ensuring the stability and effectiveness of China's modernization efforts, including the implementation of the Private Economy Promotion Law [24][25]. - It discusses the role of the market as a scarce resource and the legal system as the best business environment, emphasizing the need for a unified national market [25][26]. - The article mentions the importance of digital governance and the use of technology to enhance governance efficiency and responsiveness [26][27]. Group 6 - The article emphasizes China's commitment to high-level opening up and peaceful development, aiming to expand its influence globally and provide new opportunities for other countries [29][30]. - It discusses China's initiatives to reduce tariffs for developing countries and its efforts to attract foreign investment, highlighting the significant contributions of foreign enterprises to China's economy [30][31]. - The article notes that China has become a global model for inclusive development, with initiatives like the Belt and Road Initiative fostering international cooperation [32][33].

Core Insights - The report by Zhiyan Consulting highlights the investment potential and development trends in China's shipbuilding industry from 2026 to 2032 [1] Export Data - In April 2025, China exported 60 bulk carriers, marking a year-on-year increase of 20% [1] - The export value for these bulk carriers reached 1.031 billion USD, which represents a year-on-year growth of 17.5% [1] Industry Analysis - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [1] - The firm has over a decade of experience in the industry research field, offering tailored solutions to empower investment decisions [1]

Core Points - The Brazilian government has announced a significant investment initiative aimed at revitalizing the shipbuilding industry, led by President Lula on October 9 in Maragogipe, Bahia [1] - The investment plan includes the resumption of operations at the Enseada shipyard, the restart of two fertilizer plants, and the signing of contracts by Petrobras for the leasing of six oil spill response vessels [1] - Additionally, the Ministry of Ports and Airports plans to invest in the construction of 80 ferries, with the total expected investment amounting to several billion dollars [1]