黄仁勋预言小型核反应堆（SMR）将普及，中国成立联盟抢占核能先机

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 [13]. Core Insights - The development of AI large models has led to an explosive growth in global data center energy demand, making traditional fossil energy insufficient. Small Modular Reactors (SMRs) are seen as a key solution due to their power adaptability and near-zero emissions [4][5]. - Major technology companies like Google and Amazon are investing in SMRs, while China is forming alliances with over 60 entities, including China National Nuclear Corporation and China Huaneng, to create a complete industrial chain from R&D to commercialization [4][5]. - China has a technological lead in the SMR sector, with successful trials of the "Linglong One" and commercial operations of the Shandong Shidao Bay High-Temperature Gas-Cooled Reactor. The establishment of the high-temperature gas-cooled reactor alliance aims to enhance technological advantages and reduce construction costs [5][6]. Company Summaries - Jingye Intelligent: Collaborating with Zhejiang University to establish a micro-reactor/SMR technology R&D center, showcasing significant development potential in the context of rising AI energy demands [6]. - 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 Ha Electric's nuclear main pump leading in the nuclear power sector [6]. - Guoguang Electric: The company's filters and cladding systems are key components of the ITER project [6]. - Lanshi Heavy Industry: Covers upstream nuclear fuel systems, midstream nuclear power plant equipment, and downstream spent fuel processing [6]. - Kexin Electromechanical: Producing high-temperature gas-cooled reactor nuclear power products and replacing imports with new fuel transport containers [6]. - Hailu Heavy Industry: Services various reactor types, including third and fourth-generation reactors and thermonuclear fusion reactors (ITER) [6]. - Jiangsu Shentong: Secured over 90% of orders for nuclear-grade butterfly valves and nuclear-grade ball valves for new nuclear power projects in China [6].