Hengli Heavy Industry's second-phase project, located on Changxing Island in Dalian, northeast China, aims to establish a premier production hub for offshore engineering and advanced vessels. This expansion will focus on manufacturing very large crude carriers (VLCCs), very large gas carriers (VLGCs), mega-containerships, floating production storage and offloading units (FPSOs), floating wind power equipment, and drilling platforms. The facility is set to enhance Hengli's capabilities in delivering cutting-edge maritime technology and support the growing demands of the global shipping and energy sectors. Hengli Group is currently exploring the possibility of spinning off its shipbuilding division and pursuing a public listing on the Hong Kong Stock Exchange. This potential IPO aims to separate the shipbuilding operations from the broader Hengli Group, allowing the newly listed entity to attract investment and focus on its core maritime and engineering activities. The listing is in the preliminary planning phase, with details still being worked out. If successful, this move could provide Hengli’s shipbuilding business with additional capital for growth and expansion, while also giving investors a direct stake in its specialized operations.