C STRATEGIC TEC (01725) navigation test of nine boats in the Yongjiang River The market is waiting for it to prove its delivery discipline.

On June 20th, nine new energy intelligent ships broke through the waves on the blue waves of Nanning Port, and the company behind their construction is the Hong Kong-listed company C STRATEGIC TEC (01725). The leader of Zhongji Shipbuilding stated that the company will be based in Guangxi, radiate to ASEAN, and move towards the world, providing a complete set of "Chinese technology, Chinese standards, Chinese services," to accurately match the rigid demand for green upgrades in the trillion-dollar global market for inland and coastal shipping, accelerating the promotion and sales of electric intelligent ships. In a subsequent announcement, the company's tone appeared to be extremely restrained: the significance of the trial run is more to verify the research and development - manufacturing - quality control chain, and emphasize the promotion of green intelligent shipping solutions. But looking at it from a larger perspective, it may immediately sense another meaning: the Pinglu Canal has just reached the eve of "readiness to switch to a commercial reality at any time," and the only issue that capital is most concerned about is who can first turn a "compliant transport unit" into a replicable mass-produced asset. As a key project of the Western Land and Sea New Channel, the macro coordinates of the national strategic project Pinglu Canal are already very clear: the full line was filled with water on June 3, entering the water test phase, with the goal of full navigation in September 2026, planned for 5000-ton vessels. Guangxi has also included the construction of a maritime security system for the "direct connection between rivers and seas and the digital smart canal" in its three-year action framework (2026-2028). industrial language, it means that in the next two to three years, navigation conditions, hub scheduling, and shore-based support will move from "uncertain" to "predictable"; once predictable, the decision-making for ship owners and government customers will shift from observation to seizing opportunities. In this window, the role of C STRATEGIC TEC's ships is more like a "front-end puzzle piece": they first standardize small-scale, high-frequency, strong-compliance scenarios (law enforcement patrols, scenic tours, leisure/short-distance shuttle services, port auxiliary services, etc.) with new energy and intelligent technology, and then use Nanning as a starting point to run the "delivery process." Local reports have also defined this trial run as a landmark project for the implementation of the Guigang port trade cooperation and the Pinglu Canal economic belt. According to C STRATEGIC TEC's plan, the company plans to officially open the first domestic new energy ship 6S store on July 20th, with a plan to deliver 1000 ships for the whole year; by 2027, they plan to establish at least 50 6S stores domestically and at least 10 overseas, delivering 10,000 ships for the whole year; by 2028, they plan to establish 200 service outlets domestically and 100 service outlets overseas, steadily building an integrated industrial ecosystem of research, production, sales, and maintenance. As the first step to achieve this goal, Zhongji Shipbuilding signed strategic cooperation agreements with 9 domestic and foreign companies including Sabah Nanmin Trading Company, Tokon Hengshan Technology from the United States, and Guangxi Tianwei Jingkai Shipping Holding Company at the event on that day, laying out joint research and development, overseas factory construction, channel sales, and regional agency sectors. Technically speaking, unlike traditional shipbuilding companies, C STRATEGIC TEC's new energy ships have a unique technological synergy barrier: by introducing aerospace thermal control technology and the integrated molding new technology, the manufacturing cost of ships has been reduced by 50%, and the production cycle has been reduced by 70%. This kind of cross-border innovation that brings high-end aerospace manufacturing technology to the civilian shipbuilding field not only breaks through the bottleneck of mass production, but also builds a cross-border industrial collaborative ecosystem of "R&D in Beijing-Shanghai-Guangzhou + integration in Guangxi + application in ASEAN." Of particular note is the "full-scenario matrix" launched by Zhongji Shipbuilding, which includes unmanned intelligent ships, commercial operation ships, and civilian leisure ships, tailored for the "green heart" of this golden waterway. Especially with its unmanned ships and high-end commercial ships equipped with L2-level intelligent assisted driving based on aerospace derived technology, it achieves the transition from "experiential driving" to "data-driven intelligent driving." At present, the electric ships on inland waterways are at the starting point of an industry explosion. Institutions predict that the domestic market size will exceed 36 billion yuan in 2026, with a compound annual growth rate of over 130% in the next five years, belonging to the emerging track of long and steady growth. Compared to traditional cyclical shipping companies, green ship businesses can enjoy valuation premiums. Therefore, in summary, rather than writing these nine ships as "industrial romance," it is better to read them as a countdown exam: in six months, the market does not need "successful trial runs," but how many have been delivered? Have the failure rates and energy consumption data stabilized? Who is paying the bill, under what commercial terms, and does the return model stand? If you can answer these questions, the nine ships will not just be ripples on the Yongjiang River, but may become the pioneering cargo for a new waterway, and also the beginning of a new valuation for C STRATEGIC TEC.