The year 2026 witnessed profound reshaping of the global shipping and shipbuilding landscape amidst energy transition, technological innovation, and market fluctuations. Adhering to its core principles of "Prudent Operation, Customer-Centricity, and Innovation-Driven Development," Taizhou Changlong Shipbuilding Co., Ltd. not only achieved steady business growth and exemplary project deliveries but also reached milestone breakthroughs in technological preparedness, market expansion, and sustainable development, further consolidating its leading position among China's private shipbuilding enterprises.

I. Business Operations & Project Delivery: Honoring Commitments with Excellent Execution

Looking back at 2026, the company's core keywords were "Reliable Delivery" and "Deep Customization." Facing a complex global supply chain environment and fluctuations in raw material costs, we ensured the high-quality progress of all ongoing projects according to schedule through meticulous project management and forward-looking supply chain coordination. Throughout the year, we successfully delivered a total of [e.g., 22] vessels of various types, covering multiple high-value-added ship categories including large environmentally-friendly bulk carriers, high-end container ships, special purpose work vessels, and a new generation of low-carbon fuel-ready oil tankers.

Particularly noteworthy was the successful delivery and commissioning of the lead vessel in a series of "Methanol-Ready" multi-purpose vessels built for a renowned European shipping group. This project incorporated complete technical interfaces for future fuel conversion in its design, receiving high praise from the shipowner and classification society, and was hailed as "a model project for future-oriented investment." This success marks the company's mature capability to compete on the same stage as internationally first-tier shipyards in the design and construction of a new generation of clean energy vessels.

II. Technological Innovation & Green Transformation: Building Future-Oriented Core Competitiveness

2026 was a crucial year for the deepening implementation of the company's technology strategy. We continued to increase investment in R&D and achieved several substantive results:

1. Breakthroughs in Clean Energy Solutions: Following the mature application of LNG power technology, the company completed technical verification and finalized ship design preparations in cutting-edge areas such as ammonia-fuel engine adaptation and carbon capture system integration. The "Marine Ammonia Fuel Supply System Simulation Platform," jointly developed with top domestic research institutes, has been put into operation, laying a solid technical foundation for securing future orders for zero-carbon fuel vessels.

   
   

2. Systematic Development of Intelligent Ships: The independently developed "Changlong Smart Navigation™" ship energy efficiency management platform completed its iteration to version 3.0. Integrating more actual operational data from shipping routes, its AI-assisted decision-making module helped shipowners further optimize routes and main engine operating conditions during sea trials, improving average energy-saving performance to [e.g., 8-12%]. The company's intelligent ship solutions have evolved from single-point functions to systematic services.

   
   

   
   

3. Continuous Innovation in Construction Processes: The introduction of a new-generation digital welding quality management system and 3D simulation block assembly technology significantly improved block construction accuracy and assembly efficiency, reducing average dock period by approximately [e.g., 10%], effectively controlling construction costs while enhancing quality consistency.

   
   

III. Market Recognition & Brand Enhancement: Deepening Accumulation of Global Trust

Customer recognition is our greatest motivation. In 2026, Taizhou Changlong's international brand influence continued to grow:

• Further Expansion of Customer Base: We successfully entered the supplier systems of several emerging shipping companies in Northern Europe and the Mediterranean, securing their first vessel orders. This signifies that the company's design philosophy and construction quality have gained recognition in a broader international market.

  
  

• Deepening of Strategic Cooperation: Established long-term strategic partnerships with several globally leading ship design firms and propulsion equipment manufacturers to jointly develop a new generation of ship designs for 2030, locking in technological leadership from the source.

  
  

• Honors & Certifications: The company was recognized as a provincial-level "Specialized, Refined, Distinctive, and Innovative" enterprise. Multiple ship designs received "Green Ship" additional notations from internationally renowned classification societies. These authoritative endorsements are the best testament to the company's technical strength and green commitment.

  
  

  
  

IV. Internal Management & Team Building: Consolidating the Foundation for Sustainable Development

We understand that excellent performance stems from an excellent team. In 2026, the company further refined its talent cultivation system, training a group of highly skilled craftsmen and young technical backbones through the "Master Star Program." Simultaneously, we vigorously promoted digital management transformation, upgrading the Enterprise Resource Planning (ERP) and Manufacturing Execution System (MES), achieving end-to-end data integration and transparent management from design, procurement, and production to after-sales service. Operational decision-making efficiency and risk control capabilities reached a new level.

Regarding corporate social responsibility, we strictly complied with environmental regulations. The newly constructed painting workshop is equipped with world-leading exhaust gas treatment devices, and we continuously optimized plant energy consumption management, fulfilling our green manufacturing commitment with concrete actions.

V. Outlook for 2027: Riding the Trend, Co-creating a New Blueprint

Looking ahead to 2027, challenges and opportunities coexist. The decarbonization process of the global shipping industry will accelerate comprehensively, and intelligent connectivity will become a standard attribute of vessels. Taizhou Changlong Shipbuilding will move forward firmly around the following strategic priorities:

1. Zero-Carbon Pioneer: Accelerate the practical construction steps for zero-carbon fuel vessels (e.g., ammonia, hydrogen), striving to be among the first private shipbuilders to deliver such vessels.

   
   

2. Intelligent Empowerment: Deeper integration of artificial intelligence and big data analytics into ship design and full lifecycle services, creating operational value beyond expectations for customers.

   
   

3. Operational Excellence: Continuously deepen lean production and digital management, building a modern, more efficient, stable in quality, and cost-optimized shipbuilding model.

   
   

4. Global Service: Further improve the global service network, providing customers with fast and professional technical support covering the entire vessel lifecycle.

   
   

The voyage of 2026 has concluded successfully. Every smoothly delivered vessel and every instance of customer satisfaction is the crystallization of the wisdom and hard work of all Changlong personnel. We sincerely thank our global customers, partners, and all sectors of society for their long-standing trust and support. In the new year, Taizhou Changlong Shipbuilding will join hands with you with a more open attitude, a more innovative spirit, and a more pragmatic approach. Together, we will ride the winds, break the waves, venture into the deep sea, and co-write a new chapter in the sustainable development of the maritime industry!