机械设备：世行解禁核能投资，小堆部署成合作重点

Investment Rating - The industry rating is "Outperform the Market" [8][17] Core Insights - The World Bank has lifted a decades-long ban on nuclear energy investments, marking a significant shift in policy and focusing on small modular reactor (SMR) deployment as a key area of collaboration with the International Atomic Energy Agency (IAEA) [3][5] - The demand for electricity in developing countries is expected to double by 2035, with financing shortages historically limiting nuclear energy development. The collaboration between the World Bank and IAEA aims to provide funding and professional support for SMR feasibility studies and technology implementation, facilitating global energy structure optimization and climate goal achievement [5][6] - SMRs are seen as a critical solution to meet the growing energy demands of artificial intelligence, with major tech companies exploring tailored energy solutions for data centers [6] Company Summaries - Jingye Intelligent: Collaborating with Zhejiang University to establish a micro-reactor/SMR technology research center, showcasing significant development potential in the context of rising AI energy demands and energy transition [7] - Jia Electric: The main helium fan is the only power device in the primary loop of fourth-generation high-temperature gas-cooled reactors, with its subsidiary, Harbin Electric, leading in nuclear main pump products within the nuclear power sector [7] - Guoguang Electric: The company's filters and cladding systems are critical components of the ITER project [7] - Lanshi Heavy Industry: Covers upstream nuclear fuel systems, midstream nuclear power plant equipment, and downstream spent fuel processing [7] - Kexin Electromechanical: Has developed high-temperature gas-cooled reactor nuclear power products, with new fuel transport containers replacing imports [7] - Hailu Heavy Industry: Provides services for third and fourth-generation reactors as well as thermonuclear fusion reactors (ITER) [7] - Jiangsu Shentong: Secured over 90% of orders for nuclear-grade butterfly valves and nuclear-grade ball valves for new nuclear power projects in China [7]