Core Viewpoint - The company, Jili Sogear, is actively expanding its presence in the deep-sea mooring system market, leveraging government support and technological advancements to enhance its product offerings and market position [1][2][3] Group 1: Company Developments - Jili Sogear has engaged with numerous institutions and media, showcasing its commitment to deep-sea technology and marine economy, as highlighted by recent government initiatives [1] - The company has established a wholly-owned subsidiary focused on marine technology, with an investment of 100 million yuan to target the deep-sea mooring product market [3] - Jili Sogear has achieved multiple DNV factory recognition certificates, marking its transition from providing single mooring products to offering comprehensive long-term mooring solutions [2] Group 2: Market Opportunities - The deep-sea region is rich in wind energy resources, with global offshore wind energy resources exceeding 710 billion kilowatts, of which over 70% is in deep waters [2] - The compound annual growth rate (CAGR) for installed capacity in deep-sea wind power is projected to reach 56% from 2025 to 2027, indicating significant market potential [2] - The deep-sea technology industry is expected to exceed 3 trillion yuan, with core suppliers of deep-sea mooring systems poised to benefit significantly [2] Group 3: Financial Performance - In the first half of 2025, Jili Sogear reported impressive financial results, achieving revenue of 1.14 billion yuan, a year-on-year increase of 17.45%, and a net profit of 9.35 million yuan, up 137.21% [3] - The company anticipates continued growth in performance, particularly with the establishment of its Tianjin subsidiary, which is expected to enhance overall company earnings [3]

Core Viewpoint - The establishment of Tianjin Marine Technology Company marks a strategic connection between the company's expertise in rigging and the vast market potential of deep-sea technology, aiming for sustainable development through continuous innovation and precise strategic layout [1][5]. Group 1: Company Overview - The company has held its first large-scale investor meeting since its listing 15 years ago, attended by numerous institutional investors and media representatives [3]. - The company is a leading player in the domestic rigging industry, with a diverse product range covering marine engineering, power equipment, bridge engineering, and traditional industrial sectors, serving over 100 countries [4]. Group 2: Financial Performance - In the first half of the year, the company achieved a revenue of 1.14 billion yuan, a year-on-year increase of 17.45%, and a net profit attributable to shareholders of 9.35 million yuan, up 137.21% [5]. - The financial improvement is attributed to various factors, including capacity release from its subsidiary in Henan and a surge in orders from wind power, nuclear power, and marine engineering sectors [5]. Group 3: Strategic Initiatives - The investor meeting focused on the company's deep-sea strategic layout, coinciding with the government's recognition of deep-sea technology as a key area for future development [5]. - The company plans to invest 100 million yuan to establish a wholly-owned subsidiary in Tianjin, leveraging the region's advantages as a hub for marine engineering equipment [8]. Group 4: Research and Development - The company is committed to maintaining its industry-leading position in deep-sea mooring systems, with significant investments in R&D, which reached 10.61 million yuan in the first half of the year, a 96.72% increase [5][6]. - The company has developed advanced deep-sea mooring products and is the only enterprise to obtain multiple DNV factory recognition certificates, facilitating its transition to providing comprehensive mooring solutions [6]. Group 5: Future Development Plans - The company aims to enhance its industrialization and scalability in marine engineering through the new subsidiary, focusing on efficient service and cost advantages [9]. - Future plans include increasing R&D investment to overcome key technological challenges and expanding its global presence, particularly in high-end international projects [9].

Financial Performance - As of June 2025, accounts receivable balance is 1.493 billion, with 74% (1.1 billion) aged within one year, primarily from high-quality state-owned enterprise partners, indicating low bad debt risk [4] - Cumulative dividends since the company's listing exceed 300 million, with plans for continued investor returns [8] Strategic Development - The company is establishing a wholly-owned subsidiary in Tianjin to enhance industrialization and competitiveness in the deep-sea economy, focusing on three product lines: single permanent mooring steel wire ropes, mooring fiber cables, and deep-sea mooring system components [5][8] - The project is aligned with national policies promoting deep-sea wind power and is currently preparing a feasibility study report [5][8] Product and Market Position - The company has obtained multiple DNV factory recognition certificates, marking its transition from providing single mooring products to offering comprehensive long-term mooring solutions [6] - The mooring system is a critical component of floating systems, with significant cost reduction potential, positioning the company as a unique provider with complete design and manufacturing capabilities in the deep-sea mooring market [7]

Core Viewpoint - The company, Jili Rigging (002342), is actively developing its marine business, focusing on key technology bottlenecks in marine engineering equipment and has established a comprehensive product line to enhance market presence and competitiveness [1] Group 1: Marine Business Development - The company has been working on the research and development of long-term mooring systems to address key technology bottlenecks in marine engineering [1] - Jili Rigging has mastered the design and manufacturing technologies for long-term mooring products, overcoming high fatigue performance challenges [1] - In 2024, the company plans to leverage its three major product lines—single-strand permanent mooring steel ropes, mooring fiber cables, and deep-sea mooring system accessories—to actively promote its market presence [1] Group 2: Corporate Structure and Strategy - To enhance industrialization and scale effects in the marine sector, the company has established a wholly-owned subsidiary in Tianjin [1] - The company aims to build core competitive advantages in efficient service and cost-effectiveness, benchmarking against international peers in the same industry [1] Group 3: Main Business Overview - Jili Rigging specializes in the research, development, manufacturing, and sales of rigging products, with a primary focus on various series of rigging and related products [1] - The main product categories include soft rigging series, chain series, steel wire rope series, clamp beam series, forged rigging series, cables, steel rods, heavy equipment series, and rigging equipment [1]

Investment Overview - The company plans to invest 100 million RMB to establish a wholly-owned subsidiary, Giant Lifting Marine Technology (Tianjin) Co., Ltd. [1] - The investment decision was approved during the 36th meeting of the 7th Board of Directors on August 14, 2025, and does not require shareholder approval [1][5]. Investment Target Basic Information - The subsidiary will focus on various sectors including marine engineering equipment development, manufacturing, and sales, as well as environmental protection equipment and underwater systems [2][3]. Purpose and Impact of the Investment - The investment aligns with the growing global demand for marine resource development, particularly in offshore oil and gas extraction, renewable energy, and marine aquaculture [3][4]. - The government has recognized "deep-sea technology" as a key area for industrial development, indicating a strategic shift towards the commercialization of deep-sea technologies [3]. - Local governments in coastal regions are also implementing policies to promote marine economic development, which supports the company's strategic direction [3]. Company's Competitive Position - The company has established a strong foundation in the lifting equipment sector and has been addressing key technological challenges in marine engineering equipment [4]. - The establishment of the subsidiary is expected to enhance the company's sustainable development capabilities without negatively impacting its financial status or shareholder interests [5]. Current Status and Future Plans - The subsidiary is still in the planning stage and will require approval from relevant regulatory authorities before commencing operations [5]. - The company will continue to disclose updates regarding the establishment and operational plans of the new subsidiary [5].

Group 1: Marine Economy Development - The marine economy is experiencing strong growth, with Guangdong's marine production value expected to exceed 2 trillion yuan in 2024, accounting for about 20% of the national total [1] - The Shanghai Marine Industry Development Plan aims to establish two major marine industry development hubs by 2030, with a target for the shipbuilding and marine engineering equipment industry to exceed 45 billion yuan [1] - Fujian's 14th Five-Year Plan includes the marine economy as a strategic emerging industry, planning to create 10 national-level deep-sea aquaculture demonstration zones by 2025, driving over 50 billion yuan in investment [1] Group 2: Global and Domestic Marine Economy Trends - The global marine economy is projected to grow from 2.5 trillion USD to 3 trillion USD by 2030, creating over 31 million direct jobs and indirectly supporting over 200 million jobs [3] - China's marine economy is set to surpass 10 trillion yuan in 2024, marking a 75.9% increase over the past decade, with emerging marine industries growing by 7.2% [3] - The marine manufacturing sector contributes over 30% to the marine production value, with significant increases in approved marine project numbers and areas [3] Group 3: Industry Trends and Innovations - Key trends in China's marine economy include technological innovation driving industry transformation, a focus on green and low-carbon development, and the integration of digital technologies [4] - The influx of capital and talent into marine sectors is accelerating, while international cooperation is creating new opportunities for marine economic development [4] Group 4: Listed Companies in Marine Economy - There are 36 listed companies in the A-share marine economy sector, with the machinery equipment sector having the highest representation at 25% [5] - The geographical distribution shows Zhejiang with 7 companies, while Guangdong and Shanghai each have 6 [6] - As of June 26, 2023, 15 companies have seen stock price increases exceeding 10%, including HaiLanXin and JuLiSuoJu, with significant growth in their respective sectors [6][7] Group 5: Company Performance - JuLiSuoJu reported a revenue of 488 million yuan in Q1 2025, a 12.44% increase year-on-year, with a net profit of 5.9861 million yuan, up 63.30% [8]

Market Overview - On June 4, the market continued to recover, with 3,900 stocks rising and 1,200 stocks falling, including 86 stocks hitting the daily limit up and 2 stocks hitting the limit down [1] - Market hotspots focused on solid-state batteries, IP economy, and beer sectors [1] High-Performance Stocks - Craft beer company Lehui International achieved 5 consecutive limit ups in 7 days, driven by growth in its Q1 report [3][4] - Financial service company Yuyin Co. recorded 5 consecutive limit ups, previously involved in digital currency [3][4] - Autonomous driving concept stocks such as Hexing Co. and Qiaoyin Co. also showed strong performance with multiple limit ups [3][4] Trading Data - The top three net purchases on the Dragon and Tiger list were Jili Rigging (147 million), Keheng Co. (85.86 million), and Huijin Co. (83.08 million) [5] - The top three net sales were Xue Ren Co. (114 million), Huijin Tong (78.64 million), and Hezhuan Intelligent (71.66 million) [5] Stock Performance - Notable stocks included: - Guoshen Youse: +10.00%, price at 52.03, turnover rate 7.29%, total transaction amount 2.56 billion [6] - Jili Rigging: +10.02%, price at 6.37, turnover rate 15.45%, total transaction amount 899 million [6] - Keheng Co.: +20.02%, price at 11.75, turnover rate 15.50%, total transaction amount 373 million [6] Institutional Activity - Institutional net purchases included Huasheng Pharmaceutical (40.36 million), Huijin Co. (38.27 million), and Hengbao Co. (37.82 million) [8] - Institutional net sales were led by Baile Electric (96.78 million), Lepu Medical (68.21 million), and Tianyuan Pet (55.06 million) [9] Sector Highlights - Solid-state battery and rare earth sectors saw significant interest, with Keheng Co. achieving a 20% limit up and a turnover rate of 15.5% [14] - The deep-sea mooring system sector is developing core products with international leading technical indicators, applicable in deep-sea oil and gas platforms [13]