Our country's shipbuilding industry holds nearly 70% of global orders. Industry insiders analyze the investment trends in the shipbuilding sector.

Data released by the Ministry of Industry and Information Technology on May 9th showed that in the first quarter of this year, China's shipbuilding industry saw comprehensive growth in three key indicators: completed shipbuilding volume, new orders received, and order backlog. The country's international market share remains globally leading. As of the end of March, the order backlog reached 322.30 million deadweight tons, a year-on-year increase of 43.6%, accounting for 69.8% of the global total. Does this strong growth indicate opportunities for the sector? Wang Huajun, Assistant Director of the Zhejiang Merchants Securities Research Institute and Chief Analyst of the machinery industry, expressed during an appearance on the CCTV financial media program "Finance Interview" that the shipbuilding industry belongs to the cyclical industry and the current trend is positive.