Core Viewpoint - The development of marine economy in Qingdao is significantly supported by financial services, enabling companies like Luhai Feng to establish advanced marine ranches and logistics systems, thereby enhancing the overall marine industry in the region [1][2][3]. Group 1: Marine Ranch Development - Luhai Feng has invested 1.2 billion yuan to build over 300 intelligent deep-water net cages, capable of harvesting 40 tons of fish each [1]. - The marine ranch covers over 50,000 acres and includes a recreational fishing area of 1,534 hectares, making it the largest marine ranch in Qingdao [2]. - The company has spent over ten years restoring marine ecology by deploying artificial reefs and cultivating seaweed, which has improved fish yield [2]. Group 2: Financial Support - Financial institutions, particularly the Bank of Communications Qingdao Branch, have provided various financial services, including bank loans and cross-border settlements, to support Luhai Feng's operations [1][3]. - The bank has facilitated a syndicate loan for the construction of Luhai Feng's cold chain logistics base, which includes a total cold storage capacity of 600,000 tons [3]. - As of June 2025, the Bank of Communications Qingdao Branch reported a credit balance of 23.771 billion yuan for marine enterprises, an increase of 2.858 billion yuan from the beginning of the year [4]. Group 3: Insurance and Risk Management - Insurance plays a crucial role in supporting the sustainable development of the marine economy, providing essential risk coverage for deep-sea operations [5][6]. - A strategic cooperation agreement was signed between China Pacific Insurance and the National Deep Sea Base Management Center, covering risks up to 1.5 billion yuan for deep-sea equipment and research personnel [6]. - The insurance sector in Qingdao has seen a 25% year-on-year increase in premium income from marine-related insurance, amounting to 310 million yuan [6]. Group 4: Diverse Financial Products - Qingdao has developed a comprehensive marine financial product manual, featuring 177 specialized products from 33 financial institutions, addressing the diverse needs of marine enterprises [7]. - The financial services include specialized loans, blue bonds, project financing, and various types of marine insurance [7]. - As of June 2025, the marine loan balance in Qingdao reached 144.905 billion yuan, reflecting a year-on-year growth of 15.47% [8]. Group 5: Government and Regulatory Support - The Qingdao Financial Regulatory Bureau is actively guiding financial institutions to support high-quality development in the marine economy, including the deployment of financial service specialists to key enterprises [8]. - A financial service expert team has been established to provide comprehensive support, including policy consultation and risk management [8]. - The regulatory body aims to enhance financial policies and explore innovative marine financial products to better serve the marine industry [8].

Group 1 - The company and its wholly-owned subsidiary, Zhechuan Furniture, received a total of 2.1023 million yuan in equipment insurance claims from China People's Property Insurance Company [1] - The company received 740,400 yuan, while Zhechuan Furniture received 1.3619 million yuan [1] - The insurance claims will have a certain impact on the company's current profits, with the specific effect to be determined based on the annual audit results [1]