JL(SZ:300589)2023-03-27 11:23Group 1: Subsidy Policies - In September 2022, Guangzhou government approved a subsidy policy for electric vessels, providing subsidies based on electric power (P) at 0.3 million per kW and battery capacity at 0.136 million per kWh, with a maximum subsidy of 1 million per vessel until December 31, 2023 [2] - In April 2022, Fujian Province introduced a subsidy for electric vessel manufacturers, offering 40% subsidy on battery propulsion system prices for first batch demonstration projects, with a maximum subsidy of 15 million per vessel [3] - In March 2023, Hubei Province announced measures to support green intelligent vessel development, providing subsidies based on the type of power for newly built or modified vessels [3] Group 2: Performance Drivers - The implementation of the maritime power strategy, inclusion of modern vessels and advanced marine equipment in strategic emerging industries, and the trend towards green shipping are key performance drivers for the company [3] - The COVID-19 pandemic policy optimization and the booming development of offshore wind power are expected to positively impact order acquisition [3] - The overall tight capacity in the shipping industry is also a contributing factor to the company's performance [3] Group 3: Competitive Landscape - The company's main competitors in the electric vessel market are Yaguang Technology Co., Ltd. and Wuxi Oriental High-Speed Boat Development Co., Ltd., focusing on 30-60 meter leisure and tourism vessels [3]