Core Insights - Jianglong Shipbuilding plans to establish an international division in 2024 to enhance overseas market expansion and improve delivery capabilities for foreign orders [2] - The company has seen significant growth in overseas orders over the past two years, with a total order value of 194 million RMB from Moen Marin AS [2] - Jianglong Shipbuilding will launch two 20-meter aquaculture workboats for Moen Marin AS in August 2025, marking a key milestone in its international operations [2] - The completion of the Zhongshan No. 2 factory in 2024 and the acquisition of a Class II steel shipbuilding certificate in September 2025 will enable the company to produce larger and more diverse high-performance vessels [2] Summary by Categories International Expansion - The establishment of an international division in 2024 aims to strengthen overseas market development [2] - The company has experienced notable growth in overseas orders in recent years [2] Orders and Contracts - Jianglong Shipbuilding received order confirmation documents from Moen Marin AS, totaling 194 million RMB [2] - The company is set to deliver two aquaculture workboats to Moen Marin AS in August 2025 [2] Production Capabilities - The Zhongshan No. 2 factory is expected to be fully operational in 2024, enhancing production capacity [2] - The company will obtain a Class II steel shipbuilding certificate in September 2025, allowing for the production of larger and more varied vessels [2]

Core Viewpoint - Jianglong Shipbuilding (300589.SZ) currently has no orders for icebreakers but is engaged in other specialized vessels suitable for high-latitude cold environments, such as a fish farming workboat designed for Norway's MoenMarinAS, which features low-temperature resistance design for operation in extreme cold conditions [1] Group 1 - The company has no current orders for icebreakers [1] - The company is constructing specialized vessels for cold environments [1] - The fish farming workboat for MoenMarinAS is specifically designed to operate in extreme cold [1]

Group 1 - The company currently has no orders for icebreakers but is engaged in other specialized vessels suitable for high-latitude cold environments [1] - The company is constructing a fish farming workboat for Norway's Moen Marin AS, which features a design specifically for low-temperature operations [1]