Group 1 - The nuclear energy sector saw a strong performance at the close of trading, with companies like China Nuclear Technology and China General Nuclear Power reaching their daily limits [1] - The surge in nuclear energy stocks is linked to a significant rise in U.S. nuclear energy stocks the previous Friday, following President Trump's signing of executive orders aimed at reforming the U.S. nuclear industry [1] - U.S. nuclear stocks experienced substantial gains, with Lightbridge rising by 42.59% and NANO Nuclear increasing by over 30% [1] Group 2 - China Nuclear International experienced a notable intraday increase of over 180% in the Hong Kong market [1] - Other companies in the nuclear sector, such as China Nuclear Power and Hai Lu Heavy Industry, also saw gains following the trend [1] - The reforms in the U.S. include expanding the nuclear energy scale and shortening the approval process for nuclear power projects [1]

Group 1 - The nuclear power and controllable nuclear fusion concepts continue to rise, with China Nuclear Technology hitting the daily limit up [1] - Several stocks including Huaneng Welding, Atlantic, Baobian Electric, Shangwei Co., China General Nuclear Power Technology, Rongfa Nuclear Power, and Harbin Air Conditioning have also seen significant gains [1] - Guoguang Electric, Jiusheng Electric, and Zhongzhou Special Materials have increased by over 10% [1] Group 2 - In the Hong Kong market, China Nuclear International experienced a surge of 180% at one point [1]

Summary of Conference Call Records Company and Industry Involved - **Kunlun Wanwei Technology Co., Ltd.** (昆仑万维) - **China Nuclear Technology Co., Ltd.** (中核科技) - **Zhonggang Tianyuan Co., Ltd.** (中钢天源) Key Points and Arguments Kunlun Wanwei Technology Co., Ltd. 1. **AI Commercialization Progress**: The company has made significant progress in AI commercialization, with monthly revenue from AI social applications exceeding $1 million, making it one of the fastest-growing Chinese AI applications overseas. As of March 2025, the annual recurring revenue (ARR) from AI music reached approximately $12 million, and the DramaWave platform's ARR reached $120 million, accelerating the AI commercialization process [1][2][3]. 2. **Upcoming Product Launch**: The company plans to launch the world's first productivity scenario general-purpose Agent platform, Skywork.ai, in mid-May 2025. This product focuses on high-frequency usage scenarios and consists of five expert-level AI agents optimized for various content types, supported by a research module comparable to OpenAI's quality [3]. 3. **DramaWave Performance**: As of the end of Q1, DramaWave generated approximately $10 million in monthly revenue, with a cumulative download exceeding 30 million and over 10 million monthly active users, positioning it among the top five in the industry and leading the Chinese short drama export sector [4]. China Nuclear Technology Co., Ltd. 1. **C14 Domestic Production**: The Qinshan Nuclear Power Plant has begun producing C14 isotopes commercially, reducing reliance on imports. This development is expected to enhance the company's profit margins, particularly for its products used in breath test diagnostics for Helicobacter pylori infections [5][7]. 2. **Nuclear Power Orders**: The company currently holds nearly $3 billion in nuclear power orders, distributed across several projects, including Jiangsu Xuwei Nuclear Energy Heating Power Plant and Fuzhou Nuclear Power projects. The nuclear power industry is entering a new development phase, benefiting from favorable policies [8]. 3. **Capacity Expansion**: The company has completed the first two phases of its nuclear capacity expansion, which allows for the production of valves for eight nuclear units simultaneously. The third phase, expected to be completed by the end of 2025, will increase this capacity to ten units [9]. Zhonggang Tianyuan Co., Ltd. 1. **Market Share in Manganese Tetroxide**: The company has achieved a 50% market share in battery-grade manganese tetroxide, with production capacity increasing from 5,000 tons to 35,000 tons since 2013. The product's performance and stability have contributed to its market acceptance [10]. 2. **Special Graphite Materials**: The company is involved in national-level key technology projects related to special graphite materials, with plans to undertake additional projects in 2024, which will inform its industrial development strategy [11]. 3. **NdFeB Demand Growth**: The company has a production capacity of 2,000 tons for NdFeB raw materials, covering the entire process from smelting to surface treatment. The demand for NdFeB products is increasing due to growth in the automotive and robotics sectors [12]. Other Important Content - The conference call records emphasize the importance of AI and nuclear technology advancements in driving future growth for the respective companies. The focus on domestic production capabilities and market leadership in specific sectors highlights strategic initiatives aimed at enhancing profitability and market presence [5][8][10].

证券代码：000777 证券简称：中核科技 公告编号：2025-034 中核苏阀科技实业股份有限公司 第二十九次股东大会（2024 年年会）决议公告 本公司及董事会全体成员保证公告信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或者重大遗漏。 特别提示： 1.本次股东大会未出现否决议案的情形； 2.本次股东大会未涉及变更前次股东大会决议。 一、会议召开和出席情况： 1.召开时间： （1）现场会议时间：2025 年 5 月 9 日（星期五） 15:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 9 日交易日 9:15～9:25、9:30～11:30 和 13:00～15:00；通过深圳证券交易所互联 网投票系统投票的时间为 2025 年 5 月 9 日 9:15 至 2025 年 5 月 9 日 15:00 期间的任意时间。 2.现场会议召开地点：苏州市珠江路 501 号公司 108 会议室 3.召开方式：采用现场投票和网络投票相结合的方式 4.会议召集人：公司董事会 本次会议以现场投票与网络投票相结合的方式召开。出席本次会议的股东及代表共计 315 ...

中核科技股东大会 法律意见书 国浩律师（南京）事务所关于 中核苏阀科技实业股份有限公司 2024 年年度股东大会的法律意见书 致：中核苏阀科技实业股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》等法律、法规、 规范性文件以及《中核苏阀科技实业股份有限公司章程》（以下简称"《章程》"） 的规定，国浩律师（南京）事务所（以下简称"本所"）接受中核苏阀科技实业 股份有限公司（以下简称"公司"或"中核科技"）的委托，委派本所律师出席 中核科技 2024 年年度股东大会（以下简称"本次股东大会"），就本次股东大 会的召集、召开程序、出席会议人员资格、召集会议人员的资格、会议表决程序 和结果进行见证并对其合法有效性等事项出具法律意见。 在本法律意见书中，本所律师仅对本次股东大会的召集和召开程序、出席会 议人员的资格、召集人资格、会议表决程序和表决结果是否符合法律、法规以及 公司《章程》的规定发表意见，并不对本次股东大会所审议的议案内容以及该等 议案所表述的事实或数据的真实性、准确性和完整性发表意见。公司已向本所律 师确认及承诺，公司提交给本所律师的资料（包括但不限于有关人员的身份证明、 股票账户卡、授 ...

Group 1: Financial Performance - In 2024, the company's nuclear power revenue reached 840 million, a significant increase of 35% year-on-year [2] - The gross profit margin for 2023 was 30.4%, while it fluctuated to 24.2% in 2024, indicating substantial variability [2] - The company currently holds nearly 3 billion in nuclear power orders, with a steady approval pace for new projects [2][3] Group 2: Production Capacity and Expansion - The company’s nuclear power production capacity can currently support the production of valves for 8 reactor units, with an expected increase to 10 units after the completion of the third phase of expansion by the end of 2025 [3] - The company has completed the first two phases of its nuclear power capacity expansion, enhancing various testing and processing equipment [3] Group 3: Market Strategy and Product Development - The company is actively developing new products in response to market changes, including large-diameter control valves and ultra-high-pressure valves [4] - The company has a strong focus on the oil and chemical sector, adapting to market pressures by optimizing production processes and seeking international partnerships [4][5] Group 4: Export and International Business - In 2024, the company achieved 147 million in direct export revenue, marking an 84% increase, primarily from API standard valves sold to regions including the Middle East, Europe, and Southeast Asia [6] - The company has a history of significant orders in the coal chemical sector, with ongoing participation in various projects [5][6] Group 5: Corporate Governance and Future Planning - The company emphasizes value management and has established a comprehensive system for market value management, focusing on enhancing intrinsic value [7] - Future strategic planning includes strengthening the valve business and exploring capital operations to achieve industry breakthroughs [7]

2.截至本公告披露之日，除《中核苏阀科技实业股份有限公司发行股份购买 资产并募集配套资金暨关联交易预案》披露的风险因素外，公司尚未发现可能导 致本次交易中止、取消或者对本次交易方案作出实质性变更的相关事项，本次交 易工作正在有序进行中。 一、本次交易的基本情况 股票代码: 000777 公司简称：中核科技 公告编号:2025-035 中核苏阀科技实业股份有限公司 关于发行股份购买资产并募集配套资金暨关联交易 的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要提示： 1.中核苏阀科技实业股份有限公司（以下简称"公司"）于 2025 年 1 月 14 日公告的《中核苏阀科技实业股份有限公司发行股份购买资产并募集配套资金暨 关联交易预案》"重大事项提示"及"重大风险提示"中，详细披露了公司拟发 行股份购买资产并募集配套资金（以下简称"本次交易"）可能存在的风险因素 及尚需履行的其他程序，敬请广大投资者注意投资风险。 本次交易的整体方案由发行股份购买资产和募集配套资金两部分组成。本次 交易公司拟通过发行股份方式，购买中国核电工程有限公司、国华军民融合产业 ...

Core Viewpoint - The article highlights the advancements and applications of smart valve systems in various sectors, particularly in smart water management, energy, and environmental protection, showcasing significant improvements in efficiency and sustainability. Group 1: Smart Water Management - Far East Valve Group has introduced a remote-controlled smart pressure regulating valve with IoT technology, achieving an 18% reduction in leakage rates during the renovation of old pipelines [1] - Shanghai Qizhong Valve has deployed over 2000 IoT valves in the Shenzhen Maozhou River governance project, resulting in a fault response time of 15 minutes and a pipeline leakage rate of less than 5% [3] - The Southeast Asia smart city project features a remote control system that covers the entire lifecycle of the water supply network, leading to a 30% reduction in energy consumption [4] - Crown Dragon Valve has implemented edge computing technology in smart water management, enhancing response speed to water level changes by five times with a latency of less than 50ms [5] Group 2: Energy and Industrial Applications - Suzhou Neway Valve has developed a 28-inch underwater ball valve for deep-sea oil and gas applications, certified by DNV, with a cost reduction of 40% compared to imported products [6] - LNG ship valves equipped with edge computing technology optimize the low-temperature operation cycle, achieving a global coverage rate of 40% for new LNG ships [7] - China Nuclear Su Valve Technology has established an intelligent processing workshop for forged steel valve bodies, utilizing industrial robots and 5G technology, achieving over 90% localization rate for nuclear-grade valves and a 20% reduction in labor costs [8] - Jiangsu Shentong Valve has integrated an AI fault diagnosis module in the metallurgical blast furnace gas recovery system, improving energy efficiency by 25% [9] Group 3: Environmental and New Energy Innovations - DI Intelligent Control Technology has applied AI health monitoring technology in the smart pipeline network of Beijing's sub-center, achieving a 98% accuracy rate in early warnings and a 90% reduction in burst pipe incidents [10] - In the Xiong'an New Area underground pipeline corridor project, adaptive pressure regulating valves achieve dynamic pressure balance in the pipeline network [11] - Shandong Oubiao has developed a worm gear self-locking control module that allows for millimeter-level adjustment of gate positions, saving over 100,000 yuan in cable costs for solar power supply systems [12] Group 4: Cross-Industry Innovations - The oil and chemical industry has achieved a 45% coverage rate of IoT technology, with corrosion-resistant smart valves supporting the lifecycle modeling of chemical parks [14] - Sanhua Holdings Group has integrated a temperature-pressure dual feedback mechanism in the smart valve for lithium battery cooling systems, resulting in a 35% reduction in failure rates in energy storage projects [14] - Key technological trends include edge computing and digital twin models enhancing response speed and predictive accuracy, green energy adaptation promoting carbon neutrality in water facilities, and the integration of blockchain and AIoT for data security and operational transparency [14]

证券代码：000777 证券简称：中核科技 公告编号：2025-033 中核苏阀科技实业股份有限公司（以下简称"公司"）已分别于 2025 年 4 月 16 日、 2025 年 4 月 29 日在巨潮资讯网披露了《2024 年年度报告》《2024 年年度报告摘要》及《2025 年第一季度报告》。为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况， 公司计划于 2025 年 5 月 9 日（星期五）13:00-14:30 举办中核苏阀科技实业股份有限公司 2024 年度暨 2025 年第一季度业绩说明会。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 5 月 9 日（星期五）13:00-14:30 会议召开方式：现场＋网络及电话会议 网络会议地点：价值在线（www.ir-online.cn） 现场会议地点：苏州市虎丘区珠江路 501 号中核科技 108 会议室 二、参加人员 中核苏阀科技实业股份有限公司 关于举办2024年度暨2025年第一季度 业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 董事长 马瀛，董事、副总 ...

Core Insights - The article discusses the evolving landscape of the valve industry in China, highlighting key players and market dynamics leading up to 2025 [2][3]. Group 1: Industry Restructuring Drivers - Breakthroughs in technology barriers have led to a 60% domestic replacement rate in nuclear power, deep-sea, and hydrogen energy sectors, with Suzhou Neway's deep-sea ball valve breaking the European and American monopoly [2]. - The acceleration of smart technology integration has resulted in a 99.7% quality rate for AI inspections and a 30% reduction in energy consumption for IoT valves [2]. - Emerging markets in Southeast Asia and the Middle East have seen a 40% increase in orders, with Shanghai Guanlong winning contracts for smart water projects through ASEAN free trade agreements [2]. - The imposition of carbon tariffs is pushing for low-carbon technologies, with Far East Valve's low-carbon stainless steel valves reducing carbon footprints by 40% [2]. Group 2: New Brand Landscape in 2025 - The top three companies in terms of comprehensive strength are Suzhou Neway Valve, China Nuclear Su Valve Technology, and Jiangsu Shentong Valve, with significant market shares in their respective fields [2]. - Suzhou Neway Valve holds a global market share in deep-sea ball valves, particularly for LNG ship valves, at 40%, and has a 42% overseas revenue share [2]. - China Nuclear Su Valve is the only domestic company with full qualifications for nuclear-grade valves, achieving over 90% localization in nuclear power valves [2]. - Jiangsu Shentong Valve has a 53% market share in nuclear-grade butterfly valves and has received TÜV certification for its hydrogen valves [2]. Group 3: Sector Leaders in Specific Fields - Shanghai Guanlong Valve leads in municipal and energy-saving sectors, with smart flow control valves covering 80% of municipal projects and reducing pipeline leakage rates to below 5% [2]. - Shanghai Qizhong Valve has seen a 180% annual increase in orders for new energy lithium battery valves and is recognized for its corrosion-resistant titanium alloy valves in military applications [2]. - Zhejiang Chaoda Valve excels in the petrochemical sector, with hydrogen sulfide-resistant valves lasting twice as long as the industry average and ranking among the top three in national export volume [2]. Group 4: Technological Innovation - Sanhua Holdings has a 38% global market share in thermal management valves for new energy vehicles, compatible with Tesla's 4680 battery system, and has reduced CO₂ refrigerant costs by 57% compared to Japanese competitors [3]. - AI monitoring systems from Di Ai Zhi Control Technology have decreased failure rates by 62%, covering smart pipeline networks in Beijing [3]. Group 5: Industry Trends and Procurement Recommendations - In high-end sectors, nuclear power valves should prioritize ASME certification or nuclear-grade qualifications, favoring China Nuclear Su Valve and Neway [3]. - For deep-sea and LNG applications, DNV certification is mandatory, with Neway's deep-sea ball valve setting industry standards [3]. - IoT valves can lower maintenance costs by 30%, while low-carbon valves have a 40% reduction in carbon footprints, with brands like Far East and Sanhua achieving EU certifications [3]. - The acceleration of domestic material substitution is evident, with Tai Steel's super duplex steel showing 30% better corrosion resistance than US standards [3].