Jinwu Financial News | CITIC Securities said that the nuclear power industry is seeking steady changes and is booming. As an important baseload power source, nuclear power plays an important role in the energy transition and “dual carbon” construction process. It is expected to achieve steady development, and the industry is booming, driven by a steady number of approvals. And with the official commercialization of the first fourth-generation high-temperature air-cooled reactor, the application and promotion of new technologies in the nuclear power industry is also worth looking forward to. Furthermore, high-temperature superconductivity has accelerated commercialization of controlled nuclear fusion, and domestic fusion projects are also expected to usher in rapid development. The bank recommended focusing on core equipment and component companies benefiting from increased investment in nuclear power, technology upgrades, and domestic substitution.
The bank suggests focusing on: 1) Pressure Vessels: Focus on China Yichong (601106 CH), Shanghai Electric (02727), etc.; 2) Nuclear Power Valves: Focus on CNNC (000777 CH); 3) Special Motors: Focus on Jiadian (000922 CH); 4) Spent Fuel Treatment: Focus on Sun Moon Co., Ltd. (603218 CH); 5) Operators: Focus on China Nuclear Power (601985 CH).