Core Insights - Hainan Free Trade Port is actively promoting the development of the digital economy, with an annual output value exceeding 100 billion yuan [1][2] - The region has established a comprehensive mechanism for the secure and orderly flow of data, including a top-level design plan and a data management negative list [1][2] Mechanism Construction - Hainan Free Trade Port has created a data security and orderly flow coordination mechanism to align with new business models and technologies [1] - A top-level design plan has been formulated to ensure the operational framework for data flow [1] Legal and Policy Framework - The Hainan Provincial People's Congress has enacted the "Hainan Free Trade Port Digital Economy Promotion Regulations" and "Hainan Free Trade Port International Data Center Development Regulations" [1] - These regulations encourage deep enterprise participation in digital economy development and provide legal support for data flow [1] Data Management - The "Hainan Free Trade Port Data Exit Management Negative List (2024 Edition)" has been established, covering five key sectors: deep sea, seed industry, commercial aerospace, tourism, and duty-free [1] - This list provides a clear framework for enterprises regarding data exit, facilitating the expansion of new digital economy business models [1] Communication Infrastructure - Hainan has completed the Wenchang-Hong Kong international submarine cable and is accelerating the construction of two new international cables connecting Hong Kong and Southeast Asia [2] - The province has become the fourth in China to have international communication business entry points for all three major telecom operators [2] Data Cross-Border Services - Hainan has established the International Data Comprehensive Service Center and Data Cross-Border Service Center to offer one-stop services for enterprises [2] - The province has launched the PlayOL platform to enhance the gaming ecosystem and partnered with leading companies like Tencent Cloud to provide overseas cloud services [2] Application Scenarios - Hainan is exploring the secure and orderly flow of data through application scenarios, being the first in the country to pilot "game export" initiatives [2] - The region has deployed 414 games and developed replicable models for data processing [2] - Recent approvals allow Hainan to apply for cross-border data applications in nine economic fields, including gaming services and cross-border e-commerce [2]

Core Viewpoint - The company has successfully navigated challenges in 2024, achieving expected operational performance and laying a solid foundation for future development, focusing on technological innovation and digital transformation with AI integration [2][3]. Company Overview - The company has completed a strategic adjustment and is entering a new development phase, emphasizing "solid foundation and embracing AI" to enhance technological innovation and market competitiveness [2]. - The company aims to establish a leading position in underwater data centers, smart navigation, and intelligent ocean fields, targeting total revenue to exceed a specific threshold by 2027 [2]. Main Business Areas - The company's main business focuses on three areas: smart navigation, ocean observation and detection, and underwater data centers [3]. Smart Navigation Systems - The company offers a range of maritime products, including smart navigation systems and integrated communication systems, providing comprehensive solutions for various clients [4]. - The solid-state X-band radar has received the first low-power version EC EU type approval, showcasing significant advantages in energy consumption and detection capabilities [4]. - The integrated navigation system has achieved high-level certifications, enhancing its safety, reliability, and functionality [5]. Ocean Observation and Detection - The subsidiary, Oute Ocean, specializes in underwater equipment and marine engineering services, demonstrating international competitiveness in key areas [9]. - The company has successfully undertaken significant marine disaster prevention projects, showcasing its expertise in marine technology [10]. Underwater Data Centers - The company has established commercial underwater data centers, achieving notable economic and social benefits while promoting green energy utilization [11]. - The underwater data center in Hainan has been recognized for its energy efficiency, with a PUE as low as 1.1, contributing to the national integrated computing power network [12]. - Future projects aim to integrate underwater data centers with marine energy sources, enhancing energy efficiency and supporting national green computing initiatives [14].