Zhongyuan Securities: The boom cycle of the shipbuilding industry is expected to continue.

On January 21, Jinshi data, Zhongyuan Securities research report stated that the shipbuilding industry continues to show signs of recovery. With the slow recovery of supply contraction, the current shipbuilding industry prosperity cycle is expected to continue. By 2025, with the delivery of high-priced orders after 2022, shipbuilding companies are expected to accelerate profit recovery, fully releasing performance elasticity. By the end of December 2024, the proportion of new orders and existing orders of oil tankers and LNG ships in the shipbuilding industry has increased significantly, and the proportion of medium and high-end ships has increased significantly, optimizing the order structure significantly, and the space for future performance release is worth looking forward to. Optimistic about the trend and strength of the long-cycle recovery of the shipbuilding industry.