机械设备：美拟造首个电网规模聚变电厂，俄创新型快中子反应堆核燃料厂试运行

Investment Rating - The industry investment rating is "Outperform the Market" [3] Core Viewpoints - The report highlights the construction of the world's first grid-scale fusion power plant by Commonwealth Fusion Systems in Virginia, expected to be operational in the early 2030s [7] - The innovative fast neutron reactor BREST-OD-300's nuclear fuel production facility in Russia has commenced trial operations, marking a significant advancement in the global nuclear industry [2] - Nuclear power is recognized as a clean, safe, and efficient energy source, with a crucial role in promoting green energy transition and ensuring energy security [8] Company Summaries - Jiadeng Co., Ltd.: The main helium fan is the only power device for the first loop of the fourth-generation high-temperature gas-cooled reactor, and its subsidiary, Harbin Electric Machinery Co., Ltd., leads in nuclear main pump products [2] - Guoguang Electric: The company's filter and cladding systems are key components of the ITER project [2] - Lanshi Heavy Industry: Covers upstream nuclear fuel systems, midstream nuclear power plant equipment, and downstream spent fuel reprocessing [2] - Kexin Electromechanical: Produced high-temperature gas-cooled reactor nuclear power products, achieving import substitution for new fuel transport containers [2] - Haili Heavy Industry: Services include third-generation, fourth-generation reactors, and thermonuclear fusion reactors (ITER) [2] - Jiangsu Shentong: Secured over 90% of orders for nuclear-grade butterfly valves and nuclear-grade ball valves in new nuclear power projects in China [2] - Xianheng International: The company's products are applied in the operation and maintenance of nuclear energy and nuclear power [2]