Group 1 - The shipbuilding industry in Guangdong is experiencing growth, with a 2.5% increase in completed shipbuilding volume and a 29.3% rise in orders from January to May this year, despite a global decline in shipbuilding orders [1] - Companies like Guangzhou Shipyard International and Huangpu Wenchong are seeing a surge in orders, with Guangzhou Shipyard holding over 90 orders, 80% of which are high-tech, high-value green ship types, with delivery schedules extending to 2028 [2] - Huangpu Wenchong has secured 16 gas carrier orders and reported a revenue increase of over 111% year-on-year, with total contracts exceeding 13.7 billion yuan from January to April [2] Group 2 - Guangzhou Marine Engineering Equipment Co., Ltd. has developed a leading electric propulsion system, the shaftless wheel-edge electric propeller, which is gaining international market traction and has led to a significant increase in orders [3] - The Guangdong Provincial Shipbuilding Industry Association forecasts a 60.7% year-on-year increase in new ship orders for 2024, totaling 6.347 million deadweight tons, and a 37.1% increase in hand-held orders, reaching 11.276 million deadweight tons [3] - Guangzhou is recognized as one of China's three major shipbuilding bases, focusing on building a complete industrial chain and aiming to become a hub for marine innovation, targeting deep-sea, green, and intelligent marine sectors [3]