Core Viewpoint - Hainan is actively pursuing the development of a modern marine economy, focusing on high-quality growth, technological innovation, and ecological protection, aiming to become a strong marine province by leveraging its marine resources and enhancing its marine industry [1][3][4]. Group 1: Marine Economic Development - Hainan aims to increase the marine production value's share of GDP from 33.8% in 2023 to 40% by 2026 [6]. - The "Deep Sea No. 1" gas field has reached its maximum production capacity, with an expected annual gas output of over 4.5 billion cubic meters [11][12]. - Hainan is focusing on deep-sea energy development, including the promotion of key equipment manufacturing and industrialization, particularly underwater oil trees [20][21]. Group 2: Technological Innovation - Hainan is establishing a complete chain from experimental research to industrial application for key marine equipment, such as underwater oil trees, with a target of achieving 85% localization rate for 1500-meter deep underwater oil trees by 2026 [20][21]. - The province is also developing the world's first underwater data center, which integrates marine resources with digital technology, enhancing the efficiency of marine resource utilization [7][8]. Group 3: Ecological Protection - Hainan has implemented strict ecological protection measures, achieving a water quality excellence rate of 99.9% in nearshore waters, with key ecosystems like coral reefs and seagrass beds in healthy condition [4][29]. - The province has established a comprehensive ecological protection and pollution prevention mechanism, including the first local ban on single-use plastics in China [23][24]. - Hainan's efforts in ecological restoration have led to the return of rare marine species, showcasing the success of its environmental protection initiatives [29]. Group 4: Marine Industry Transformation - Hainan is promoting the transformation and upgrading of modern marine industries, focusing on new energy sources like offshore wind power and deep-sea oil and gas production [12][21]. - The province is also developing marine ranching, integrating tourism and aquaculture to create a new business model that enhances local livelihoods [13][14]. Group 5: Research and Development - Hainan is positioning itself as a national marine science and technology innovation hub, leveraging its natural resources and institutional innovations to support marine research and development [15][16]. - The establishment of the Sanya Yazhou Bay Science and Technology City aims to attract marine-related enterprises and foster collaboration between research institutions and businesses [16]. Group 6: Community Engagement - Hainan is encouraging community participation in marine conservation efforts, with initiatives like "fishing boats collecting garbage" gaining traction among local fishermen [28]. - Educational programs are being implemented to raise awareness about marine protection among the younger generation, fostering a culture of environmental stewardship [28].

Group 1 - Hainan has introduced a three-year action plan (2025-2027) to accelerate the construction of a modern industrial system with distinctive advantages, focusing on high-quality development of the deep-sea industry [1] - The plan emphasizes the cultivation of three future industries: seed industry, deep-sea, and aerospace, while also enhancing tropical characteristic efficient agriculture [1] - By 2027, the revenue of the deep-sea technology industry cluster in Sanya Yazhou Bay is expected to exceed 6 billion yuan [1] Group 2 - The action plan aims to enhance the capabilities of the port industry, supporting the development of Yangpu Port as a regional international container hub [2] - By 2027, the revenue of the Yangpu Port shipping industry cluster is projected to reach 80 billion yuan, with the province's container throughput expected to hit 6 million TEUs [2] - The plan outlines a roadmap for the high-quality development of the modern marine industry system, with a focus on marine technology innovation and green economic development [2]

Group 1: Petrochemical and New Materials Industry - By 2027, the output value of the petrochemical new materials industry in Hainan is expected to exceed 160 billion yuan [1] - The plan aims to enhance the petrochemical new materials industry by leveraging the benefits of the "fixed enterprise, fixed variety, fixed quantity" policy for crude oil imports, promoting a complete industrial chain from "oil head - chemical transformation - new materials tail" [1] - The strategy includes expanding the olefin industry chain by sourcing raw materials like naphtha and propane, and developing high-end chemical new materials [1] Group 2: Marine and Renewable Energy Industry - The plan emphasizes the cultivation of emerging marine industries, including increasing reserves and production of marine oil and gas resources, and conducting evaluations for multi-gas extraction and utilization [1] - Hainan aims to develop the marine renewable energy sector, including the planning of integrated demonstration projects for offshore wind power hydrogen production and methanol production [1] - The initiative also focuses on enhancing marine technology innovation capabilities and establishing a "smart ocean" innovation hub [1] Group 3: Economic Structure and Innovation - By 2027, the value added of the four leading industries (tourism, modern services, high-tech industries, and tropical efficient agriculture) is expected to account for approximately 70% of GDP, with modern services contributing nearly 30% [2] - The integration of technological and industrial innovation is a priority, with a target for R&D expenditure intensity to reach 1.8% by 2027, and high-tech industry value added to exceed 17% of GDP [2]

8月4日，海南省人民政府办公厅印发《海南省加快构建具有特色和优势现代化产业体系三年行动方案 （2025-2027年）》，其中提到，推进深海产业高质量发展。以国家重大战略紧迫性需求为牵引，以打 造智能制造共享平台为产业化突破口，加快构建现代海洋产业体系和实现再造一个"海上海南"目标。 培育壮大海洋新兴产业，加快海洋油气矿产增储上产，开展重点区域"多气合采、多能利用"潜力评价和 深海油气田开发关键技术研发，积极推进重点海域天然气水合物生产性试采。 做大海洋新能源产业，谋划推进海上风电制氢制醇及加注一体化示范工程。发展特色化海洋工程装备产 业，健全深海油气装备测试能力，推动钻井仪、水下采油树与高附加值油服产品本地生产。 提升海洋科技创新能力，打造"智慧海洋"深海科技创新策源地、测试中试生产性服务平台。到2027年， 三亚崖州湾科技城深海科技产业集群营业收入超过60亿元。 着力培育文昌国际航天城航天产业集群，建设航天重大科创基地，壮大火箭链、卫星链、数据链。推动 商业航天发射场核心能力提升，加快商业航天发射场二期和配套设施建设。推进卫星超级工厂建设，开 工建设卫星部组件制造中心、火箭大部段制造中心等项目，积极引进商业 ...

Core Viewpoint - Hainan Province aims to accelerate the development of a modern industrial system with distinctive advantages, focusing on high-quality development of the deep-sea industry and establishing a "smart manufacturing shared platform" as a breakthrough for industrialization [1] Group 1: Deep-Sea Industry Development - The plan emphasizes the need to cultivate and expand emerging marine industries, enhance oil and gas reserves, and develop key technologies for deep-sea oil and gas field exploration [1] - It includes initiatives for the production trial of natural gas hydrates in key sea areas and the evaluation of multi-gas extraction and multi-energy utilization potential [1] Group 2: Marine Renewable Energy - The strategy involves expanding the marine renewable energy sector, particularly through the planning of integrated demonstration projects for offshore wind power, hydrogen production, and methanol production [1] Group 3: Marine Engineering Equipment - Development of specialized marine engineering equipment industries is highlighted, with a focus on enhancing local production capabilities for high-value oil service products and deep-sea oil and gas equipment testing [1] Group 4: Technological Innovation - The plan aims to improve marine technological innovation capabilities, establishing Sanya Yazhou Bay Science and Technology City as a hub for deep-sea technology innovation and testing services [1] - By 2027, the deep-sea technology industry cluster in Sanya Yazhou Bay is projected to achieve an operating income exceeding 6 billion yuan [1]

Core Viewpoint - The Hainan Provincial Government has issued a three-year action plan (2025-2027) aimed at accelerating the development of a modern industrial system with unique advantages, focusing on high-quality development of the deep-sea industry [1] Group 1: Deep-Sea Industry Development - The plan emphasizes the need to align with national strategic demands and aims to create an intelligent manufacturing shared platform as a breakthrough for industrialization [1] - It aims to cultivate and expand emerging marine industries, enhance oil and gas reserves, and develop key technologies for deep-sea oil and gas field exploration [1] - The initiative includes the evaluation of potential for "multi-gas co-production and multi-energy utilization" in key areas and the promotion of pilot production for natural gas hydrates in important sea areas [1] Group 2: Marine Renewable Energy - The plan outlines the goal to expand the marine renewable energy sector, including the development of integrated demonstration projects for offshore wind power, hydrogen production, and methanol refueling [1] - It aims to develop specialized marine engineering equipment and enhance local production capabilities for high-value oil service products [1] Group 3: Technological Innovation and Economic Goals - The plan seeks to improve marine technological innovation capabilities and establish a "smart ocean" innovation hub and testing service platform [1] - By 2027, the revenue from the deep-sea technology industry cluster in Sanya Yazhou Bay is projected to exceed 6 billion yuan [1]

Core Viewpoint - The introduction of domestically produced underwater Christmas trees by Weifang Ocean Equipment Manufacturing Co., Ltd. marks a significant advancement in China's offshore oil and gas industry, reducing reliance on imports and enhancing safety and efficiency in underwater production systems [5][6]. Group 1: Product Overview - The underwater Christmas tree is a control device for oil wells, managing the flow and pressure of fluids from deep underground, and is critical for preventing blowouts and leaks [3]. - This equipment consists of over 1,300 components and weighs 25 tons, highlighting its complexity and importance in underwater production systems [3]. Group 2: Technological Advancements - Weifang has achieved over 90% localization in the design, manufacturing, integration, and testing of the underwater Christmas tree, breaking the previous import dependency [5]. - The company is now one of only four manufacturers globally capable of designing and producing underwater Christmas trees, having successfully implemented them in 11 wells in Bohai and South China Sea oil fields [5]. Group 3: Production and Impact - The first two units of the underwater Christmas tree have been operational in Bohai oil field for three years, with a single well producing 310,000 cubic meters of gas per day, sufficient for 1,500 households for a year [5]. - The technology has received high recognition from CNOOC and expert evaluations, indicating its reliability and effectiveness in the field [5]. Group 4: Future Plans - Weifang is currently developing a 1,500-meter deep-water underwater Christmas tree, which is in the integration testing phase, and is also planning for a 2,000-meter ultra-deep-water version [6]. - The company aims to achieve complete autonomy in underwater production systems and expand its market presence across China's offshore oil fields and globally [6].

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [2] Core Viewpoints - The deep-sea industry is recognized for its vast resource potential and strategic importance, with significant government support anticipated for deep-sea technology development [3][16] - Deep-sea resources, particularly energy and mineral resources, are abundant, with deep-sea areas becoming major contributors to global oil and gas reserves [18][22] - The development of underwater technology and equipment has made significant progress, laying the foundation for deep-sea resource exploitation [35][50] Summary by Sections Section 1: Deep Sea as a Resource and Strategic Area - The deep sea, defined as waters below 200 meters, constitutes about two-thirds of the ocean floor and is rich in biological and mineral diversity [3][10] - China's total marine area is approximately 4.73 million square kilometers, with significant deep-sea regions in the South China Sea and East China Sea [12][16] - The government has prioritized deep-sea technology in its 2025 work report, indicating future policy support for this sector [16][18] Section 2: Civilian Sector - Breakthroughs in Underwater Technology and Resource Development - Underwater technology encompasses exploration, construction, oil and gas extraction, and mineral development, with recent advancements in various equipment [35][50] - The core sensor for deep-sea exploration is sonar, which is essential for environmental monitoring and resource assessment [37][39] - The development of underwater mining technology is progressing, with successful trials and increasing industrialization potential for oil, gas, and mineral resources [59][70] Section 3: Deep-Sea Warfare - Underwater Defense Capabilities - The deep sea offers a large, concealed operational space, making it strategically significant for military operations [74] - The underwater defense system includes both infrastructure and equipment, with a focus on unmanned systems for various military tasks [74][75] - There is an urgent need for China to enhance its underwater defense capabilities, with new technologies and equipment being introduced [74][75]