机械设备行业定期报告：民营企业参股核电站，美能源部增加聚变领域投资

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [14]. Core Insights - Private enterprises are increasingly entering new fields, particularly in nuclear power projects, with significant participation from private capital in several nuclear power projects in Zhejiang Province [3]. - The U.S. Department of Energy has announced an investment of $107 million for fusion energy innovation, marking a critical step towards commercializing fusion energy in the U.S. [4]. - Nuclear power is recognized for its clean, safe, and efficient characteristics, making it a vital force in promoting the green energy transition and addressing global climate change [5]. Summary by Sections Private Sector Involvement in Nuclear Power - Several nuclear power projects in Zhejiang have seen private capital involvement, including a 2% stake by private enterprises in the Ningbo Jin Qimen nuclear project and new investments in the Cangnan San'ao nuclear project [3]. U.S. Investment in Fusion Energy - The U.S. Department of Energy's funding supports six projects under the Fusion Innovation Research Engine (FIRE), which are essential for achieving the U.S. vision for commercial fusion energy within the next decade [4]. Advantages of Nuclear Power - Nuclear power plants maintain an annual utilization rate of over 7000 hours, the highest among all energy sources, and do not emit harmful pollutants, making them crucial for energy security and environmental sustainability [5]. Recommended Companies - Key companies to watch include: 1. Jiadian Co., known for its helium fan products and leading position in nuclear power equipment [6]. 2. Guoguang Electric, which provides critical components for ITER projects [6]. 3. Lanshi Heavy Industry, covering the entire nuclear energy supply chain [6]. 4. Kexin Electromechanical, which has developed high-temperature gas-cooled reactor products [6]. 5. Haili Heavy Industry, servicing various reactor types including fusion reactors [6]. 6. Jiangsu Shentong, securing over 90% of orders for nuclear-grade valves in new projects [6]. 7. Xianheng International, with products used in nuclear operations and maintenance [6].