Core Viewpoint - The article highlights the advancements in China's marine technology and the growing importance of the blue economy, emphasizing the integration of new equipment and innovative solutions to enhance marine exploration and resource management [6][12][16]. Group 1: Technological Advancements - The "Mazu" series ocean environment numerical forecasting model was successfully applied during the 19th Asian Games sailing events, improving the accuracy and efficiency of marine environment forecasts [7]. - The development of the "Deep Sea Habitat Intelligent Cognition and Exploration Multi-Modal Model" marks a significant step in deep-sea exploration, enabling intelligent perception and decision-making [9]. - The introduction of underwater robots, such as the FIFISHX1, showcases advancements in marine inspection technology, allowing for real-time data transmission and comprehensive inspections [10]. Group 2: Economic Growth and Industry Development - Shenzhen's marine production value has surpassed 500 billion yuan, driven by the emergence of specialized enterprises and a focus on high-quality marine economic development [13][18]. - The marine economy is transitioning from resource exploitation to technology-driven growth, with a focus on high-quality, sustainable, and high-value-added development [17]. - The 2024 China Marine Economic Statistical Bulletin indicates that the marine production value will exceed 10 trillion yuan for the first time, more than doubling since 2012 [18]. Group 3: Collaborative Efforts and Global Engagement - The establishment of the Shenzhen International Marine Innovation Research Institute aims to foster collaboration between government, industry, and academia to drive marine technology innovation [13]. - China's participation in global initiatives, such as the United Nations' "Ocean Decade" action, reflects its commitment to international cooperation in marine science and governance [14]. - The upcoming 2024 Western Pacific International Voyage will involve foreign scientists in deep-sea exploration, promoting global collaboration in marine biodiversity protection [14].

Core Insights - Shenzhen is accelerating its development towards becoming a "global marine center city," with a marine economy output value of 540.9 billion yuan in 2024, representing a year-on-year growth of 5.8% and accounting for 14.7% of its GDP [1][9] - The city ranks fourth globally in "technological innovation" according to the Global Marine City Competitiveness Index Report (2025), with significant achievements in PCT international patent authorizations and R&D investment [1][9] Economic Performance - The marine economy in Shenzhen has seen substantial growth over the past decade, with a shift from traditional industries to emerging sectors such as marine electronic information and underwater robotics [1][9] - In 2024, the marine information service industry in Shenzhen is projected to reach an added value of 106.1 billion yuan, growing by 10.1% [9] Industry Structure - The contribution of traditional marine industries has decreased from over 90% to below 40% of the total marine economy, indicating a structural optimization towards high-value-added emerging industries [9] - Shenzhen has established over 2,500 high-tech marine enterprises and 86 marine innovation platforms, leading the nation in underwater robotics patents [1][9] Educational Initiatives - The establishment of Shenzhen Ocean University aims to enhance marine research and education, with a total investment of 6.053 billion yuan and a planned enrollment of approximately 8,000 students [12][13] - The university will focus on engineering technology, science, and other fields, aligning with the city's goal to drive the "20+8" industrial strategy through high-tech advancements [13] Maritime Services - Shenzhen is working to improve its maritime service capabilities, with 48 ship financing leasing projects totaling 16.8 billion yuan, ranking third nationally [16] - The city has 10 banks in the global top 40 for maritime financial services, but its maritime financial scale is significantly smaller compared to leading cities like Singapore [16][17] Collaboration with Hong Kong - The collaboration between Shenzhen and Hong Kong is seen as a strategic move to enhance maritime arbitration and financial services, with initiatives to align maritime arbitration rules and standards [19][20] - Shenzhen's international arbitration center is actively engaging with Hong Kong maritime arbitration associations to promote joint solutions for maritime disputes [19]

Core Viewpoint - Shandong Province is advancing its "Marine Strong Province" strategy, leveraging its extensive coastline and marine resources to enhance its marine economy and develop high-tech shipbuilding and advanced marine equipment industries [1] Group 1: High-Tech Shipbuilding - Shandong is transforming its shipbuilding industry towards high-end, intelligent, and green manufacturing, marking a shift from a "manufacturing base" to a "smart manufacturing high ground" [2] - The delivery of the world's first 150,000-ton smart fishery large breeding vessel "Guoxin 1" and China's first semi-fixed offshore rocket launch platform "Dongfang Aerospace Port No. 1" exemplifies Shandong's advancements in high-tech shipbuilding [2] - Major companies like China Shipbuilding Industry Corporation and China Merchants Industry Group are collaborating to enhance Shandong's competitive edge in the global high-end shipbuilding and marine equipment sectors [2] Group 2: Advanced Marine Equipment - Shandong focuses on marine resource development, producing advanced marine oil and gas equipment and offshore wind power equipment, which are essential for deep-sea exploration [3] - Milestones include the delivery of the first fully submerged large net cage "Deep Blue 1" and the completion of Asia's first cylindrical offshore oil and gas processing plant "Haitian 1" [3] - Shandong's achievements in high-end marine equipment manufacturing are setting new industry standards and enhancing China's capabilities in this sector [3] Group 3: Industry Ecosystem and Policy Support - Shandong is fostering a collaborative marine equipment industry ecosystem, moving beyond isolated efforts to a model of "full-chain collaboration and cluster symbiosis" [6] - The province is cultivating modern marine industry clusters and leading enterprises, with 13 specialized marine industry zones and 12 "formation" industry clusters emerging [6] - Policy initiatives are crucial for supporting the development of high-end, clustered, and intelligent marine equipment industries, ensuring a robust foundation for Shandong's marine economy [5][7] Group 4: Future Outlook - With ongoing policy benefits and deepening collaboration between industry, academia, and research, Shandong is poised to contribute significantly to the global marine industry's high-quality development [7]

Group 1 - Central Financial Committee meeting proposed promoting high-quality development of the marine economy, emphasizing the importance of marine technology development for resource exploitation [1] - Deep-sea technology has become a key pillar in the marine economy, covering three main areas: deep-sea material research and development, deep-sea equipment manufacturing, and deep-sea intelligent applications [1] - Domestic policies are expected to be introduced to promote deep-sea economic development, focusing on deep-sea mining, oil and gas development, and utilization of deep-sea biological resources [1] Group 2 - CIMC Group is involved in two main aspects of deep-sea technology exploration: deep-sea oil and gas extraction equipment manufacturing and services, and deep-sea renewable energy development [2] - The "Blue Whale 1" and "Blue Whale 2" semi-submersible drilling platforms are significant achievements in China's deep-sea engineering, capable of operating at a maximum water depth of 3,658 meters and drilling to a depth of 15,240 meters [2] - CIMC Group is advancing the development of marine renewable energy, including offshore wind power and the upcoming delivery of the world's first bamboo-based composite floating photovoltaic platform, "Jilin No. 1," in 2024 [2]

Group 1 - Shandong's GDP is projected to reach 9.86 trillion yuan in 2024, with a year-on-year growth of 5.7% [4] - Shandong ranks first in the number of national-level manufacturing champions and strategic emerging industry clusters, and second in the number of "China's Top 500 Enterprises" [4] - The province is accelerating its transition towards new, green, marine, and future-oriented industries [4] Group 2 - Shandong is recognized for its comprehensive industrial system and is deepening its industrial economy as a top priority, focusing on technological innovation [5] - The province is home to significant technological advancements, including the Fuxing high-speed train and deep-sea drilling platforms [5] Group 3 - The digital economy accounts for over 49% of Shandong's GDP, with the "AI + Industrial Internet" model enhancing manufacturing capabilities [6] - Qingdao Lingzhi Electronics is a leading global supplier of appliance control boards, utilizing a digital production system built on the Haier Kaos Industrial Internet platform [6][8] Group 4 - Shandong is pushing for innovation in various sectors, with a focus on robotics and AI, as seen in the success of Aobo (Shandong) Intelligent Robot Co., which achieved over 1 billion yuan in sales [13] - The province's R&D investment grew by 9.4% in 2024, with enterprises contributing 88.5% of total R&D spending, the highest in the country [15] Group 5 - Shandong is enhancing its role in the Yellow River basin's ecological protection and high-quality development, establishing inland ports and promoting logistics efficiency [16][18] - The province's port, Rizhao, handled a cargo throughput of 552 million tons in 2024, marking a 5.7% increase [18] Group 6 - Shandong is committed to building a modern marine economy, with significant growth in offshore wind power orders, which accounted for nearly 40% of total orders in 2024 [20] - The province has established six marine characteristic industrial clusters with a total output value exceeding 80 billion yuan [22] Group 7 - Shandong is designated as a pilot area for green, low-carbon, and high-quality development, achieving a historic shift where renewable energy generation surpassed coal power in 2024 [24] - The province has made significant improvements in environmental quality, including a 5.1% reduction in PM2.5 concentration [24] Group 8 - Shandong is implementing reforms to enhance technology transfer efficiency, with over 1,000 technology achievements traded since the launch of the Shandong Technology Market [25] - The province is actively promoting high-level opening-up, with initiatives to support cross-border e-commerce and international trade [26][28]

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]