机械设备：法国Newcleo加速四代堆项目部署，欧安诺寻求增加蒙古铀产量

Investment Rating - The industry rating is "Outperform the Market" [6][13]. Core Insights - France's Newcleo is accelerating the deployment of its fourth-generation reactor project, with the LFR-AS-30 small reactor (30MWe) demonstration project starting land acquisition in Indre-et-Loire, France, and expected to be operational by the end of 2031 [3][5]. - Orano, a French nuclear fuel company, is seeking to increase uranium production in Mongolia and other regions to meet the growing demand from the nuclear power industry, especially after facing export issues from Niger due to political instability [4][5]. Summary by Sections Nuclear Power Development - Nuclear power is recognized as a crucial force in promoting energy transition due to its clean, safe, and efficient characteristics, with annual utilization hours exceeding 7000, the highest among all power sources [5]. - The report emphasizes the role of nuclear energy in addressing global climate change and enhancing energy security, with potential applications in desalination, hydrogen production, and medical protection [5]. Investment Opportunities - The report suggests focusing on several companies: 1. Jiadian Co., which provides the main helium fan for fourth-generation high-temperature gas-cooled reactors and leads in nuclear pump products [5]. 2. Guoguang Electric, whose filter and cladding systems are key components of the ITER project [5]. 3. Lanshi Heavy Industry, covering upstream nuclear fuel systems, midstream nuclear power plant equipment, and downstream spent fuel processing [5]. 4. Kexin Electromechanical, which has developed high-temperature gas-cooled reactor products and domestic alternatives for new fuel transport containers [5]. 5. Hailu Heavy Industry, servicing various reactor types including third and fourth-generation reactors and fusion reactors (ITER) [5]. 6. Jiangsu Shentong, which has secured over 90% of orders for nuclear-grade butterfly and ball valves for new nuclear power projects in China [5]. 7. Xianheng International, whose products are used in the operation and maintenance of nuclear power [5].