机械设备：“国和一号”实现首次并网发电，俄罗斯首台钠冷快堆将于2027年开工

Investment Rating - The industry is rated as "Outperform the Market" [4] Core Insights - The "Guohe No.1" nuclear power demonstration project successfully achieved its first grid connection, marking a significant milestone in China's nuclear energy development [1] - The first BN-1200 sodium-cooled fast reactor in Russia is set to commence construction in 2027, which will be the largest of its kind globally, emphasizing the growing importance of advanced nuclear technologies [1][2] - Nuclear power is recognized as a crucial force in promoting green energy transition due to its clean, safe, and efficient characteristics, with annual utilization hours exceeding 7000, the highest among all power sources [3] Summary by Sections Nuclear Power Developments - The "Guohe No.1" nuclear power unit has a single unit capacity of 1.5 million kilowatts, making it the largest domestically designed nuclear unit in China [1] - The BN-1200 reactor will utilize spent fuel recycling technologies, significantly reducing long-term radioactive waste [2] Market Opportunities - Companies to watch include: - Jiadian Co., which leads in high-temperature gas-cooled reactor power equipment [3] - Guoguang Electric, providing key components for ITER projects [3] - Lanshi Heavy Industry, covering the entire nuclear fuel cycle [3] - Kexin Electromechanical, producing high-temperature gas-cooled reactor products [3] - Hailu Heavy Industry, servicing various reactor types including fusion reactors [3] - Jiangsu Shentong, securing over 90% of orders for nuclear-grade valves in new projects [3] - Xianheng International, involved in nuclear operation and maintenance [3]