2025-11-24 01:50Group 1: Market Outlook and Order Status - As of June 2025, the offshore engineering segment has a backlog of approximately $5.55 billion, with production scheduled until 2027/2028 [3] - The company focuses on high-quality, high-end equipment orders, primarily in FPSO/FLNG projects, while non-oil and gas orders are pursued through existing client relationships [3] - Investment in offshore oil and gas projects has been delayed due to macroeconomic uncertainties and high interest rates, with a forecasted release of delayed projects in 2026 and sustained investment peaks through 2027-2028 [3] Group 2: Capacity Planning and Efficiency - The company enhances capacity utilization through fixed asset investments and external collaborations, aiming to improve construction efficiency in segment cutting and welding assembly [3] - A proactive approach in project initiation includes thorough feasibility assessments and leveraging pre-researched project resources to support order acquisition [3] - Establishing long-term partnerships with key equipment suppliers ensures advantages in procurement, safeguarding project timelines [3] Group 3: Digital Transformation and Innovation - The company is advancing digital transformation and AI applications, introducing collaborative robots in shipbuilding and achieving semi-automated process improvements [4] - A comprehensive smart manufacturing plan is being developed to enhance operational efficiency across all processes [4] Group 4: Competitive Advantages - The company boasts a design capability with nearly 4,000 employees, including a dedicated R&D team of about 1,200, and four research centers located in key regions [5] - A one-stop delivery capability is supported by a robust manufacturing and supply chain system, enabling significant advantages in modular construction and cost control [5] - A responsive global supply chain system allows for real-time data sharing with clients, ensuring transparency and collaboration throughout the project lifecycle [6] Group 5: Asset Management and Market Strategy - The offshore asset management business has successfully executed lease contracts, with the sixth-generation semi-submersible drilling platform "Xianjing Yantai" signing five well leases [7] - Future bidding for drilling platforms will focus on global hotspots such as the North Sea, Australia, Brazil, and the Middle East, while also monitoring emerging markets in Asia-Pacific and Latin America [7] - The company aims to leverage its strengths in core equipment, asset management, and market resources to secure high-quality orders and promote healthy business growth [7]