Group 1 - The company has two subsidiaries in the shipbuilding sector [1] - The controlling subsidiary, Hangzhou Huashi Hangyu Ship Technology Development Co., Ltd., specializes in the research and production of electric ship propulsion systems, intelligent ship equipment, and intelligent navigation systems [1] - The wholly-owned subsidiary, Zhejiang Chuanjiabao Technology Co., Ltd., is developing the "Chuanjiabao" platform aimed at creating a digital platform for inland shipping, providing comprehensive data services for practitioners in Zhejiang's inland shipping industry [1]

Core Insights - China has successfully completed the world's first ship-to-ship liquid carbon dioxide unloading operation at Yangshan Port, marking a significant advancement in establishing a closed-loop ecosystem for carbon capture, liquefaction, storage, and reuse [1][2] - The operation utilized the globally first full-process ship carbon capture system (OCCS) developed by the 711 Institute of China Shipbuilding Group, achieving a carbon capture rate exceeding 80% and a purity of 99.9% [1][2] Group 1 - The ship-to-ship unloading method enhances operational flexibility compared to the ship-to-shore model, enabling rapid responses to carbon dioxide unloading needs from different vessels in various maritime areas [2] - The successful execution of this operation involved overcoming multiple technical challenges and required close collaboration among various stakeholders [2] - The operation is seen as a foundational step for exploring the carbon value chain and further investigating the subsequent transportation and application pathways for liquid carbon dioxide [2]