Core Viewpoint - *ST Songfa has secured significant contracts in the shipbuilding industry, indicating a successful transformation from ceramics to shipbuilding, with a positive outlook on future performance and competitiveness [1][2] Group 1: Recent Contracts - The company announced a contract for the construction of 4 container ships (6000 TEU) worth approximately $300 million to $500 million, with delivery expected between the second half of 2027 and 2028 [1] - Additionally, *ST Songfa secured contracts for 2 Very Large Crude Carriers (VLCC) valued at approximately $200 million to $300 million, expected for delivery in the second half of 2026 [2] - The company also received orders for 2 LNG dual-fuel oil tankers, with delivery anticipated in the first half of 2028 [2] Group 2: Business Transformation - Following the acquisition of 100% equity in Hengli Heavy Industry, the company shifted its focus from ceramics to shipbuilding and high-end equipment, resulting in a significant improvement in profitability [2] - The company reported that its order backlog and new orders rank among the top in the global large ocean-going ship manufacturers, with production schedules extending to 2029 [2] - The company has diversified its order portfolio to include bulk carriers, container ships, and oil tankers, achieving comprehensive development in various ship types [2] Group 3: Strategic Partnerships and Future Outlook - In the first half of the year, *ST Songfa signed a cooperation agreement with French engineering company GTT for LNG ship membrane maintenance system patents, becoming the second private shipbuilding enterprise in China with this capability [2] - The company anticipates that the completion of its restructuring will enhance its high-end, intelligent, and green shipbuilding capabilities, leading to significant improvements in profitability as new projects come online [2]

Core Viewpoint - Guangdong Songfa Ceramics Co., Ltd. has signed a significant contract for the construction of two LNG dual-fuel oil tankers, which is expected to positively impact the company's future performance and enhance its competitiveness in the global shipbuilding market [1][2]. Group 1: Contract Details - The contract was signed by the subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. and does not require board or shareholder approval as it is a routine operational contract without related party transactions [1][2]. - The vessels ordered are 157,000 deadweight tonnage LNG dual-fuel oil tankers, designed to meet international standards for large oil transportation, featuring high load capacity, low fuel consumption, and excellent environmental performance [1]. Group 2: Impact on Company - The execution of this contract is anticipated to have a positive effect on the company's long-term competitiveness and profitability, reinforcing its position in the global shipbuilding market [2]. - The company will recognize revenue from this contract according to accounting standards and the progress of contract execution, with the final impact on annual revenue and profit subject to audit results [2].