【中信机械】中国动力重点推荐：核心管理层基本确定，造船景气周期及AI数据中心电源核心受益标的 根据公司公告，公司总经理将由付向昭先生担任，曾任职安庆中船柴油机有限公司董事长/党委书记、中船发动机 有限公司董事长、党委书记等职务。 现任中国动力总经理、党委副书记，中船动力（集团）有限公司总经理，中船发动机有限公司党委书记、董事 长。 原董事长李勇先生将不再担任中国动力董事长，同时提名邵煜 【中信机械】中国动力重点推荐：核心管理层基本确定，造船景气周期及AI数据中心电源核心受益标的 根据公司公告，公司总经理将由付向昭先生担任，曾任职安庆中船柴油机有限公司董事长/党委书记、中船发动机 有限公司董事长、党委书记等职务。 现任中国动力总经理、党委副书记，中船动力（集团）有限公司总经理，中船发动机有限公司党委书记、董事 长。 原董事长李勇先生将不再担任中国动力董事长，同时提名邵煜先生、陈刚先生、徐猛先生、王锋先生、朱宏光先 生为公司第八届董事会非独立董事候选人。 #船舶新能源化大周期带动船用低速机业务持续景气： 目前船用低速机较底部上涨约60%，我们判断2026年船用低 速机价格仍将维持高位。 中国动力是本轮船舶新能源化 ...

Core Viewpoint - The Chinese shipbuilding industry is undergoing a transformation towards green and intelligent manufacturing, focusing on reducing carbon emissions and enhancing efficiency through innovative technologies and designs [3][4][10]. Group 1: LNG Shipbuilding - The "Changheng Series" LNG ships developed by Hudong Zhonghua are designed to reduce carbon emissions by over 10 tons per day compared to previous models, with advanced NO96Super+ systems achieving a low evaporation rate of 0.085% [7]. - Hudong Zhonghua has secured 34 orders for the "Changheng Series" LNG ships, showcasing China's capability in intelligent manufacturing on the international stage [7]. Group 2: Chemical Tankers - Wuchang Shipbuilding has successfully delivered the first 25,900 DWT stainless steel chemical tanker, "Xingtong Hailion," which is the first methanol dual-fuel chemical tanker in China, offering significant advantages in fuel economy and cargo capacity [12]. - The vessel is equipped with an advanced intelligent ship management system that enhances operational efficiency through real-time data collection and analysis [12]. Group 3: Electric and Hydrogen-Powered Vessels - The Shanghai Shipbuilding Research Institute is leading the development of the first 10,000-ton pure electric autonomous container ship, "Ningyuan Diankun," which boasts a 92% energy conversion efficiency and zero carbon emissions [10]. - The 712 Institute has pioneered the concept of all-electric vessels and has delivered the first CCS-certified all-electric passenger ship, contributing significantly to the green power transformation in the shipping industry [15]. Group 4: Engine Development - China Shipbuilding Engine Company has developed a methanol dual-fuel low-speed engine that can reduce nitrogen oxides by 50%, sulfur oxides by 97%, and particulate matter by 90%, making it one of the most environmentally friendly engines available [17]. - The company is also advancing ammonia fuel engine technology, which has the potential to reduce carbon emissions by up to 95%, positioning it as a cleaner and more efficient power solution for the future [17]. Group 5: Industry Impact - The collective efforts of various companies in the Chinese shipbuilding sector are not only enhancing the country's position as a leader in shipbuilding but also driving global shipping towards a more sustainable future [18]. - The integration of green technologies and intelligent manufacturing practices is setting a new standard in the industry, with China aiming to lead in both scale and environmental responsibility [18].