The latest data from the China Association of the National Shipbuilding Industry shows that from January to September 2025, China's shipbuilding completion volume reached 38.53 million deadweight tons, a year-on-year increase of 6.0%. As of the end of September, the order backlog stood at 242.24 million deadweight tons, surging 25.3% compared to the same period last year. In the first nine months, China's three major shipbuilding indicators, measured in deadweight tons, accounted for 53.8%, 67.3%, and 65.2% of the world's total, respectively, maintaining a leading global position.
Against the backdrop of the "15th Five-Year Plan" clearly outlining the grand goal of "promoting high-quality development of the marine economy and accelerating the construction of a strong maritime nation," and enhancing the advantages of China's marine equipment manufacturing industry, which is crucial to national strategy and security, Fullgoal Fund is launching the Shipbuilding ETF (Fund Code: 560710, Subscription Code: 560713) starting January 12. This provides investors with a convenient tool for one-click allocation in shipbuilding enterprises, precisely capturing the industrial dividends from the industry's transition from a "major shipbuilding country" to a "strong maritime nation."
Focusing on the shipbuilding industry, this ETF offers strategic allocation across the entire industrial chain. The Shipbuilding ETF (Fund Code: 560710, Subscription Code: 560713) is the market's first index fund themed on shipbuilding manufacturing. It tracks the CSI Smart Select Shipbuilding Industry Index, which selects 40 representative listed companies involved in shipbuilding materials, shipbuilding supporting industries, shipbuilding manufacturing, and shipping. According to Wind data, the index's top three weighted sectors are Navigation Equipment III (45.06%), Other Power Equipment III (13.62%), and Energy Heavy Equipment III (9.52%), providing relatively comprehensive exposure to the industry's ecosystem.
In terms of constituent stocks, the index deeply focuses on core assets, with companies under the "China Shipbuilding Group" system accounting for a high weight of 56%. This structure not only indicates coverage of industry leaders and core assets but is also deeply aligned with the strategic direction of China's shipbuilding industry's national team, giving it superior investment tool attributes. Regarding market capitalization composition, the Smart Select Shipbuilding Industry Index focuses on small and mid-caps, highlighting growth potential. Constituent stocks are primarily companies with market caps below 50 billion yuan, accounting for 81%, and are evenly distributed. Compared to the traditional shipbuilding index, which is dominated by companies over 50 billion yuan, this index possesses stronger growth momentum. (Data source: Wind, as of December 5, 2025)
Fundamentally, the industry is in an upward trajectory fueled by multiple positive factors. Global economic recovery is driving a rebound in shipping, while geopolitical conflicts like the Russia-Ukraine war and the Red Sea crisis are exacerbating tight shipping capacity supply. Concurrently, faced with the prominent aging of the global fleet (approximately 16% of ships are over 20 years old), urgent replacement needs are accelerating the release of new ship orders. With strong policy support for "renewal and replacement," the shipbuilding industry has officially entered a new long-cycle starting point, with景气度持续向上. (Data source: Clarkson, as of October 2025)
The index's historical performance directly confirms the industry's upward景气度. Wind data shows that the CSI Smart Select Shipbuilding Industry Index has delivered excellent long-term performance. As of January 9, 2026, the index has gained 56.70% since its base date (December 31, 2019), outperforming both the traditional shipbuilding industry index and the CSI 300 Index's 16.59% gain, as well as the steady CSI Dividend Index's 26.74% gain over the same period.
A skilled captain steers the ship, backed by a Golden Bull fund house. A good product requires a capable fund manager. It is understood that the product is planned to be managed by Fullgoal Fund's seasoned professional Su Huaqing, who has 7 years of experience in the securities industry. He currently manages the CSI A500 ETF Fullgoal and its feeder fund, the CSI A50 ETF and its feeder fund, the Robotics ETF Fullgoal, among others, demonstrating extensive experience and strong capability.
Beyond the expertise of the fund manager, Fullgoal Fund's years of accumulated investment research strength in the quantitative field will safeguard the new fund's operation. As one of the "top ten" fund companies, Fullgoal's quantitative investment team was established in 2009. After 16 years of dedicated effort, the company has built a comprehensive quantitative product line, fully covering enhanced index, passive index, ETF, absolute return, and active quantitative products, providing investors with diversified, multi-strategy, and full-spectrum asset allocation tools.
As the market's first shipbuilding manufacturing-themed index fund, the launch of the Shipbuilding ETF holds both strategic importance and market value. On one hand, through innovative ETF index allocation, the product aligns with the national strategy for marine economic development and building a strong maritime nation. It helps build an internationally competitive blue finance service system, guides social capital towards sustainable marine sectors, and provides financial support for marine industry upgrading and technological innovation. The launch of the Shipbuilding ETF (Fund Code: 560710, Subscription Code: 560713) may become an effective tool for capturing structural opportunities in the shipbuilding industry. Investors can consider using this product for a one-click allocation to the shipbuilding sector and seize the investment opportunities presented by industrial upgrading.
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