Zhi Tong Cai Jing·2026-01-07 02:39Group 1 - Shanghai Electric (601727) saw a morning increase of over 5%, currently up 4.55% at HKD 4.37, with a trading volume of HKD 126 million [1] - Shanghai Electric is a leading domestic high-end equipment manufacturer, holding the top market share in nuclear power equipment during the 14th Five-Year Plan period [1] - The company has made significant breakthroughs in the national fusion engineering chain, including the successful development of the world's largest TF coil box for the CRAFT facility, surpassing the performance of similar structures in the international ITER project [1] Group 2 - In the window period before commercial use of nuclear fusion, Shanghai Electric is advancing the industrialization of the fourth-generation nuclear energy system, particularly in the thorium molten salt reactor (TMSR) field [1] - The company has a unique advantage by covering all four nuclear power technology routes, including TMSR, sodium-cooled fast reactors, and high-temperature gas-cooled reactors [1] - According to Huatai Securities' latest report, TMSR is expected to achieve demonstration applications around 2030, positioning Shanghai Electric as a core beneficiary in this sector due to its first-mover advantage and comprehensive manufacturing capabilities [1]