我国首台第四代商用快堆初步设计完成，核能发展迈关键一步

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 [12]. Core Insights - The report highlights a significant advancement in China's nuclear energy strategy with the completion of the preliminary design of the CFR1000, the first fourth-generation commercial fast reactor, which is crucial for energy security and sustainable development [3]. - Nuclear power is emphasized as a key player in promoting green energy transition due to its high efficiency, safety, and minimal land use, with annual utilization hours exceeding 7000, making it the cleanest energy source [5]. - The report outlines a collaborative effort involving various stakeholders, including government officials and experts, to enhance the fast reactor industry and its technology development [4]. Company Summaries - Jia Dian Co., Ltd.: Focuses on helium fans, the only power equipment for the fourth-generation high-temperature gas-cooled reactor, and leads in nuclear pump products [5]. - Guoguang Electric: Supplies critical components for the ITER project, enhancing its position in the nuclear energy sector [5]. - Lanshi Heavy Industry: Engages in the entire nuclear energy supply chain, from upstream nuclear fuel systems to downstream spent fuel processing [5]. - Kexin Electromechanical: Produces high-temperature gas-cooled reactor products and has developed domestic alternatives for new fuel transport containers [5]. - Hailu Heavy Industry: Provides services for various reactor types, including third and fourth-generation reactors and fusion reactors [5]. - Jiangsu Shentong: Secured over 90% of orders for nuclear-grade butterfly and ball valves in new nuclear power projects [5]. - Xianheng International: Supplies products for the operation and maintenance of nuclear power facilities [5].