Yes. It is the first of twelve.I believe that this is the first one.
It named the Tuo Jiang and is a very strong missile corvette displacing 500 tons, carrying 16 missiles, a 76mm gun, and a 20mm Phalanx CIWS, as well as 12.7mm MGs. HAs a top speed of 38 knots. Not bad at all.
A force of four of those vessels, if it had targeting and got in range, could play havoc on any task force. That would be 64 very decent ASMs coming at you from four of those babies.
I remember seeing this image on Janes a while ago and thought maybe a second had been launched...heck, maybe it is a second because this 618 had its pennant number and the 76mm gun there in the building. That first "launch" was back in Mid March, a couple of months ago.
They aren't building these at two yards are they?