证券日报网讯 12月10日，西子洁能在互动平台回答投资者提问时表示，公司在核电领域已有20多年的 深耕与发展，已取得民用核二三级制造许可证。同时，公司具有丰富的项目经验，与中广核集团等建立 了长期战略合作，产品质量可靠。近年来，公司聚焦核岛关键设备的研发生产制造，积极拓展核电设备 国内外合作，加快向三代核电、四代核电，积极对接国内可控核聚变实验项目争取切入机会。公司拥有 核级制造车间，具备成型工艺、机械加工、核级焊接、核级无损检测、热处理及水压试验等完整的核级 设备制造能力。目前，公司已具备核聚变装置冷却水系统三级回路设备的全流程供货能力。未来，公司 将立足现有技术优势，积极拓展业务边界，力争承接二级回路设备供货项目，并同步拓展杜瓦结构的生 产制造能力，为我国核聚变工程提供更全面、可靠、高质量的装备支撑。 （文章来源：证券日报） ...

Group 1: Company Overview - The main business of Suzhou Hailu Heavy Industry Co., Ltd. remains unchanged, focusing on the manufacturing and sales of industrial waste heat boilers, large and special material pressure vessels, nuclear safety equipment, and environmental comprehensive treatment services for solid waste and wastewater [2] - The company also operates photovoltaic power plants [2] Group 2: Nuclear Power Business - The company has been manufacturing nuclear power equipment since 1998, supplying various reactor types including Generation II+, Generation III (Hualong One, Guohe One, AP1000, VVER, EPR), Generation IV (high-temperature gas-cooled reactors, sodium-cooled fast reactors, thorium molten salt reactors), and fusion reactors [2] - Key nuclear power equipment produced includes: injection tanks, internal component lifting baskets, spent fuel coolers, boric acid coolers, condensate coolers, regenerative heat exchangers, passive residual heat removal systems, pressure relief tanks, boric acid storage tanks, volume control tanks, emergency water supply tanks, diesel engine main oil tanks, and inner containment water transfer tanks [3] - The new investment project for Generation IV nuclear power equipment is progressing normally, which will effectively meet the demand for nuclear power manufacturing capacity upon production [3] - This project is expected to optimize technology, align with national nuclear power development policies, strengthen the nuclear power business, enhance production capacity, and improve profitability [3]

招商证券认为，核电技术不断升级，是兼顾清洁、高效的电源方案。终端电气化进程不断助推用电量增 长，AI的爆发对高质量电力的需求更迫切，叠加地区能源独立等因素，核电战略地位持续强化，进入 复苏。与之相对福岛事件后十余年铀矿资本开支收缩，短期天然铀缺口主要依托库存及铀矿复产等，中 长期看新增产能释放节奏不明朗，且部分矿山减产可能进一步加大供给侧压力。综上判断未来铀价将整 体维持上行趋势，铀矿企业盈利表现有望持续优化。 智通财经获悉，中广核矿业(01164)涨超7%，截至发稿，涨7.26%，报3.4港元，成交额1.86亿港元。 本文源自：智通财经网 消息面上，12月3日，中国铀业在深交所举行上市仪式，成为A股市场天然铀第一股。大摩研报指，根 据中国铀业申报资料，其IPO市值为370亿元人民币，预计今年纯利达16亿至16.5亿元人民币。作为首间 在内地上市的铀矿企业，该行相信公司将吸引更广泛投资者关注铀矿板块，提振市场信心，而中广核矿 业作为唯一在香港上市及参与互联互通的铀矿企业亦将受惠。该行预计中广核矿业的股价将在15天内有 70%至80%机会上升。 ...

Core Viewpoint - China Oriental Group's stock rose nearly 6% following the announcement of its acquisition of shares in Jiangsu Shentong, indicating market confidence in the company's strategic investment in emerging sectors like nuclear power and high-end valves [1]. Group 1: Acquisition Details - China Oriental Group announced that its subsidiary, Jinxin Heavy Industry, will acquire 3.7535 million shares of Jiangsu Shentong, representing approximately 0.74% of the company's issued shares, at an average price of about RMB 13.85 per share (approximately HKD 15.24) [1]. - The total consideration for the acquisition is approximately RMB 52 million (around HKD 57.2 million), which will be fully funded by the group's internal resources [1]. - Post-acquisition, China Oriental Group will hold a total of 4.05 million shares in Jiangsu Shentong, increasing its stake to 0.80%, making it the ninth largest shareholder [1]. Group 2: Strategic Implications - The investment reflects China Oriental Group's recognition of Jiangsu Shentong's fundamentals and the growth prospects in the nuclear power and high-end valve sectors [1]. - This acquisition is intended to enable China Oriental Group to share in the growth dividends of emerging fields such as nuclear power, semiconductors, and hydrogen energy [1]. - Jiangsu Shentong is expected to leverage China Oriental Group's industrial resources to enhance collaboration within the metallurgical and nuclear power sectors [1].

中广核矿业(01164)涨超7%，截至发稿，涨7.26%，报3.4港元，成交额1.86亿港元。 招商证券认为，核电技术不断升级，是兼顾清洁、高效的电源方案。终端电气化进程不断助推用电量增 长，AI的爆发对高质量电力的需求更迫切，叠加地区能源独立等因素，核电战略地位持续强化，进入 复苏。与之相对福岛事件后十余年铀矿资本开支收缩，短期天然铀缺口主要依托库存及铀矿复产等，中 长期看新增产能释放节奏不明朗，且部分矿山减产可能进一步加大供给侧压力。综上判断未来铀价将整 体维持上行趋势，铀矿企业盈利表现有望持续优化。 消息面上，12月3日，中国铀业在深交所举行上市仪式，成为A股市场天然铀第一股。大摩研报指，根 据中国铀业申报资料，其IPO市值为370亿元人民币，预计今年纯利达16亿至16.5亿元人民币。作为首间 在内地上市的铀矿企业，该行相信公司将吸引更广泛投资者关注铀矿板块，提振市场信心，而中广核矿 业作为唯一在香港上市及参与互联互通的铀矿企业亦将受惠。该行预计中广核矿业的股价将在15天内有 70%至80%机会上升。 ...

中广核矿业(01164)涨超7%，截至发稿，涨7.26%，报3.4港元，成交额1.86亿港元。 消息面上，12月3日，中国铀业在深交所举行上市仪式，成为A股市场天然铀第一股。大摩研报指，根 据中国铀业申报资料，其IPO市值为370亿元人民币，预计今年纯利达16亿至16.5亿元人民币。作为首间 在内地上市的铀矿企业，该行相信公司将吸引更广泛投资者关注铀矿板块，提振市场信心，而中广核矿 业作为唯一在香港上市及参与互联互通的铀矿企业亦将受惠。该行预计中广核矿业的股价将在15天内有 70%至80%机会上升。 招商证券认为，核电技术不断升级，是兼顾清洁、高效的电源方案。终端电气化进程不断助推用电量增 长，AI的爆发对高质量电力的需求更迫切，叠加地区能源独立等因素，核电战略地位持续强化，进入 复苏。与之相对福岛事件后十余年铀矿资本开支收缩，短期天然铀缺口主要依托库存及铀矿复产等，中 长期看新增产能释放节奏不明朗，且部分矿山减产可能进一步加大供给侧压力。综上判断未来铀价将整 体维持上行趋势，铀矿企业盈利表现有望持续优化。 ...

Core Viewpoint - China Oriental Group (00581) has seen a nearly 6% increase in stock price following the announcement of its acquisition of shares in Jiangsu Shentong (002438), indicating market confidence in the strategic investment and the potential growth in nuclear power and high-end valve sectors [1] Group 1: Acquisition Details - China Oriental Group's subsidiary, Jinxin Heavy Industry, will acquire 3.7535 million shares of Jiangsu Shentong at an average price of approximately RMB 13.85 per share (around HKD 15.24), totaling about RMB 52 million (approximately HKD 57.2 million) [1] - The acquisition will be fully funded by internal resources of the group, reflecting a strategic investment approach [1] - Post-acquisition, China Oriental Group will hold a total of 4.05 million shares in Jiangsu Shentong, increasing its stake to 0.80%, making it the ninth largest shareholder [1] Group 2: Strategic Implications - The investment is seen as a recognition of Jiangsu Shentong's fundamentals and the promising outlook in the nuclear power and high-end valve sectors [1] - The acquisition aims to leverage China Oriental Group's industrial resources to enhance collaboration in metallurgy and nuclear power, thereby deepening the industrial chain synergy [1]

Core Viewpoint - China Oriental Group is increasing its stake in Jiangsu Shentong, recognizing the potential in nuclear power and high-end valve sectors, while also aiming to leverage emerging fields like semiconductors and hydrogen energy [1] Group 1: Company Actions - China Oriental Group's stock rose by approximately 6%, reaching HKD 1.42, with a trading volume of 7.1523 million HKD [1] - The company announced the acquisition of 3.7535 million shares of Jiangsu Shentong at an average price of approximately RMB 13.85 per share (around HKD 15.24), totaling about RMB 52 million (approximately HKD 57.2 million) [1] - Following the acquisition, China Oriental Group will hold a total of 4.05 million shares in Jiangsu Shentong, increasing its ownership to 0.80%, making it the ninth largest shareholder [1] Group 2: Strategic Implications - The investment reflects China Oriental Group's confidence in Jiangsu Shentong's fundamentals and the growth prospects in the nuclear power and high-end valve sectors [1] - The acquisition is expected to facilitate deeper industrial chain collaboration in metallurgy and nuclear power, leveraging China Oriental Group's industrial resources [1]

盘前要闻 1、证监会主席吴清人民日报撰文：提高资本市场制度的包容性适应性 类型：行业 情绪影响：正面 证监会主席吴清在人民日报发表署名文章指出，全面推进新一轮资本市场改革；要以深化科创板、创业 板改革为抓手，积极发展多元股权融资；督促和引导上市公司强化回报投资者的意识；推动建立健全对 各类中长期资金的长周期考核机制；稳步扩大资本市场高水平制度型开放。 2、摩尔线程今日登陆A股！中一签有望超15万元，沐曦股份正式启动申购 类型：公司 情绪影响：正面 摩尔线程将于12月5日登陆科创板，发行价114.28元/股，为A股近一年来上市新股最高。今年共12只新 股登陆科创板，平均涨幅270.39%。摩尔线程若能达到平均涨幅，中一签将赚超15万元。另一只国产 GPU龙头沐曦股份今日也正式启动申购，发行价定为104.66元/股。 3、央行今日开展10000亿元买断式逆回购操作，精准呵护年末银行体系流动性 类型：宏观 情绪影响：正面 为保持银行体系流动性充裕，央行今日将以固定数量、利率招标、多重价位中标方式开展10000亿买断 式逆回购操作，期限为3个月。专家表示，此举是近期货币政策"收短放长"策略的延续，旨在精准呵护 年末银 ...

Investment Rating - The report suggests a positive outlook for the new industrial sector, particularly focusing on data centers and energy infrastructure, driven by the increasing demand for AI and cloud services. Core Insights - The report highlights a significant increase in data center capacity in Europe, expected to double due to rising demand from new cloud services. In the U.S., residential electricity prices rose by 7.4% year-on-year in September, indicating a tightening energy market [1][3]. - The report emphasizes the need for regulatory clarity from FERC regarding the connection of large data centers to the grid, stressing that they should only connect when grid reliability is assured [1][3]. - The U.S. energy market is experiencing a shift, with a notable increase in electricity demand driven by industrial returns, AI data center construction, and decarbonization efforts [5][9]. Summary by Sections Global Infrastructure and Construction Equipment - Data center vacancy rates in North America have reached a historic low of 1.6%, with significant price increases for data center cabinets due to high demand and limited power supply [8]. - The U.S. Department of Energy is pushing for the construction of data centers on federal land as part of its AI strategy, which includes significant investments in energy infrastructure [9][10]. Global Electrical and Intelligent Equipment - The gas turbine price index in the U.S. increased by 5.49% year-on-year and 2.1% month-on-month as of September 2025, reflecting strong demand in the energy sector [15][17]. - The report notes that the U.S. electricity demand is expected to grow significantly, with projections indicating an increase of 15.8% by 2029 [23][27]. Global Energy Industry - The wholesale electricity prices in the U.S. have shown significant fluctuations, with the average retail electricity price reaching 14.23 cents/kWh, a 7% increase year-on-year [3][29]. - The report indicates that the U.S. is investing heavily in transmission infrastructure, with over $50 billion approved for new transmission expansions [27][28]. Global New Materials - The report tracks the uranium spot price at $75.80 per pound, with a slight decrease of 5% month-on-month, while the long-term price remains at $86.00 per pound [4]. Key Company Insights and Comments - The report recommends focusing on companies involved in AI power operations and energy equipment, such as Entergy, Talen Energy, and Oklo, as they are well-positioned to benefit from the ongoing energy transition [5][42]. - Companies like GE Vernova and Siemens Energy are expanding their manufacturing capabilities to meet the growing demand for energy infrastructure [44][45].