Core Insights - The 2025 Government Work Report has officially included "deep-sea technology" as a key area for development, indicating a significant shift towards industrialization in this sector [2][4] - The deep-sea technology market is projected to be worth trillions, driven by advancements in technology and policy support [4][5] - The deep-sea technology index has seen a notable increase, with several companies experiencing stock price surges due to investor interest [8] Industry Overview - Deep-sea technology encompasses advanced techniques and equipment for exploring and utilizing deep-sea resources, including deep-sea detection, resource development, communication, and engineering technologies [2] - The deep-sea economy is part of China's broader marine economic strategy, with the national marine production value expected to reach 10.54 trillion yuan in 2024, reflecting a 5.9% growth from the previous year [2] - The government is emphasizing the importance of deep-sea technology as a frontier in marine economy and technological innovation [2][3] Policy and Government Initiatives - Local governments are implementing policies to accelerate the industrialization of deep-sea technology, with cities like Shanghai and Shenzhen announcing development plans and strategic partnerships [3] - The "Mingyuan Plan" and other national-level research projects are being launched to support the safe and healthy development of deep-sea technology [3] Market Dynamics - The deep-sea technology industry chain includes equipment manufacturing, resource exploration, and commercial services, covering various sectors such as deep-sea robotics and offshore wind energy [5][6] - Companies are making significant advancements in deep-sea equipment, with several achieving global leadership in deep-sea exploration technologies [5][6] Investment Opportunities - The deep-sea technology sector is attracting substantial investor interest, with many companies reporting inquiries about their involvement in this field [8] - Companies like CIMC and KOSHI Technology are actively engaging in deep-sea oil and gas equipment manufacturing and underwater robotics, showcasing their technological capabilities [9][10]

Investment Rating - The report does not explicitly state an investment rating for the deep-sea technology industry. Core Insights - The 2025 government work report first mentions deep-sea technology as an emerging industry, indicating its importance alongside commercial aerospace and low-altitude economy [12][15]. - Various regions, including Hainan and Shandong, have introduced policies to accelerate the development of deep-sea technology, with plans to enhance innovation and build a comprehensive industrial chain [15][17]. - The development of deep-sea technology is crucial for resource exploration and ensuring security in deep-sea environments, as it encompasses advanced technologies for exploration, resource development, and environmental research [22][25]. Summary by Sections Section 1: Government Initiatives - The 2025 government work report positions deep-sea technology as a priority emerging industry, with significant policy support from various provinces [12][15]. - Specific plans include enhancing deep-sea technology innovation platforms and building a robust industrial ecosystem [15][17]. Section 2: Importance of Deep-Sea Technology - Deep-sea areas, defined as waters deeper than 1000 meters, hold vast strategic resources and are critical for national security [19][22]. - The report highlights the rich resources in deep-sea oil, gas, and minerals, emphasizing the need for technological advancements to exploit these resources sustainably [25][29]. Section 3: Industry Growth and Investment - The national marine production value surpassed 10 trillion yuan in 2024, with deep-sea equipment identified as a key growth area [37][40]. - Investment in the deep-sea equipment sector has shown rapid growth, with significant increases in funding from 19 million yuan in 2021 to 75 million yuan in 2024 [41][42]. Section 4: Underwater Defense Systems - The report discusses the importance of submarines and unmanned underwater vehicles (UUVs) in modern underwater defense systems, highlighting their roles in surveillance and combat [46][57]. - UUVs are noted for their autonomy and capability to perform various missions, with a projected market space of 53.1 billion USD for UUVs in the U.S. Navy alone over the next decade [64][66]. Section 5: Ocean Observation Networks - The establishment of underwater observation networks is emphasized as a critical infrastructure for continuous marine monitoring, with significant investments from multiple countries [72][76]. - China has initiated its underwater observation network projects, enhancing its capabilities in marine data collection and environmental monitoring [76][81]. Section 6: Deep-Sea Space Stations - The concept of deep-sea space stations is introduced as a long-term underwater research platform, with ongoing developments in China aimed at creating advanced operational capabilities [86][91]. - These platforms are expected to support comprehensive experiments and resource development in deep-sea environments [86][91].