全球核电发展提速，装机目标或超三倍核能愿景：机械设备

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 [6][13]. Core Insights - The latest report from the World Nuclear Association indicates that if countries meet their nuclear power development goals, the global nuclear power installed capacity could reach 1446 GWe by 2050, significantly exceeding the threefold nuclear vision target of 1200 GWe [3]. - Currently, there are 440 operational nuclear reactors globally, with 70 under construction. The nuclear power generation is expected to reach a historical high in 2024, with multiple countries committing to support the threefold installation target [3]. - The report outlines the average annual installation demand for nuclear power from 2026 to 2050, stating that from 2046 to 2050, an annual installation of 65.3 GWe is required, which is approximately double the historical peak installation rate [4]. Company Summaries - Jingye Intelligent: Plans to establish a subsidiary focused on small modular reactors (SMR) for AI data center power supply [5]. - Jia Electric: The main helium fan is the only power device in the primary loop of the fourth-generation high-temperature gas-cooled reactor [5]. - Guoguang Electric: The company provides key components for the ITER project, focusing on filters and cladding systems [5]. - Lanshi Heavy Industry: Covers upstream nuclear fuel systems, midstream nuclear power plant equipment, and downstream spent fuel processing [5]. - Kexin Electromechanical: Produces high-temperature gas-cooled reactor products and has developed new fuel transport containers to replace imports [5]. - Hailu Heavy Industry: Services various reactor types, including third and fourth-generation reactors and fusion reactors (ITER) [5]. - Jiangsu Shentong: Secured over 90% of orders for nuclear-grade butterfly valves and nuclear-grade ball valves for new nuclear power projects in China [5].