Core Viewpoint - The approval of multiple nuclear power projects by the State Council is expected to significantly boost the nuclear power sector, leading to a strong market response and increased investment opportunities in the industry [1][2]. Group 1: Project Approvals - The State Council approved five nuclear power projects, which include ten new units, emphasizing the importance of safety and adherence to the highest global standards in construction and operation [1]. - The approved projects are located in Guangxi, Guangdong, Zhejiang, Shandong, and Fujian, with a total investment expected to reach approximately 200 billion yuan [2]. Group 2: Investment Scale and Industry Impact - The investment scale for the newly approved third-generation nuclear power units is estimated to be around 200 billion yuan, with equipment investment accounting for over 40% of the total [2]. - The nuclear power industry is expected to enter a prosperous period due to the full order books of related companies and the ongoing approval of nuclear projects since 2019 [2].

核电板块开盘活跃，南方路机、华银电力竞价涨停，常辅股份涨超10%，融发核电、中广核技、南风股 份等均大幅高开，消息上，2025年国内核电项目审批首次开闸：国常会核准10台新机组，拉动超2000亿 投资。 ...

原标题：我国核电进入大规模建设高峰期 科技日报北京4月27日电 （记者吴叶凡 李禾）27日，中国核能行业协会2025春季核能可持续发展国 际论坛在北京举行。生态环境部副部长、国家核安全局局长董保同在发言中表示，我国核电进入大规模 建设高峰期，已颁发建造许可证的机组31台，核准待建机组13台，未来还将有新的机组核准，在建规模 高于世界其他国家的在建规模总和。 中国核能行业协会轮值理事长杨长利介绍，截至目前，中国商运核电机组58台、装机容量6096万千 瓦，核准在建机组44台，装机容量5235万千瓦，总规模升至世界第一。当天发布的《中国核能发展报告 （2025）》蓝皮书显示，截至2024年底，我国在建机组装机容量连续18年保持全球第一，预计2030年前 我国运行核电规模将成为世界第一。 同时，不少与会人员也表示，我国核电产业发展也面临不少新挑战。 董保同提到，高温气冷堆等四代堆具有先进的设计理念和较高的本质安全度，但作为全球首堆新 堆，没有太多国际经验可供借鉴，技术成熟性、运行稳定性、经济竞争力都还面临不少难题，尚未跨 越"摸石头过河"的发展瓶颈期。他认为要加强协同，全行业"同题共答"，在实践中摸索总结首堆新堆特 ...

文 ｜ 华鹏伟 王喆 刘海博 付宸硕 李想 孙明新 华夏 国务院常务会议决定核准浙江三门三期工程等核电项目，共涉及1 0台三大核电机组，自2 0 2 2年以来我国连续四年年均核准1 0台 以上核电机组，核电产业发展高景气延续。我国核能领域持续发展，三四代核裂机组相继落地，核聚变装置加速发展，建议关 注产业链核心价值量环节。 ▍ 国常会核准1 0台自主三代核电机组。 据新闻联播报道，4月2 7日国务院常务会议决定核准浙江三门三期工程等核电项目；据澎湃新闻进一步报道，上述获批项目分 别为广西防城港核电三期（5、6号机组），广东台山核电二期（3、4号机组），浙江三门核电三期（5、6号机组），山东海 阳核电三期（5、6号机组），福建霞浦核电一期（1、2号机组）；合计核准5个工程、1 0台新机组，上述机组均计划采用自主 三代核电技术，其中8台为华龙一号机组。经过本次国常会核准后，我国核电机组建设已经实现自2 0 2 2年以来连续四年年均核 准1 0台以上核电机组，我国核电在按照全球最高安全标准的基础上实现常态化核准建设。 ▍ 本轮核准机组预计总投资规模约2 0 0 0亿元，带动产业链订单向好。 ▍ 核能优势明显，长期发 ...

大家早上壕！ 先看海外要闻： 上周五，美股盘中特朗普提及关税后，标普、纳指一度回吐过半涨幅、道指曾跌超百点。最终道指涨0.05%，标普500指数涨0.74%，纳斯达克涨 1.26%。 英伟达收涨超4%，特斯拉大涨近10%、一周涨18%，谷歌盘初涨超4%后回吐多数涨幅。中概指数止步三连涨，但全周涨超7%。 美债收益率连日下行。美元反弹，一个多月来首次周度上涨。 黄金回落超1%、全周转跌，对等关税宣布以来首次周度下跌。原油两日反弹，但美油一周跌超2%。 知名分析师：苹果将销美iPhone全搬到印度组装不切实际。 美国农业部：中国取消了1.2万吨美国猪肉订单，较前一周大幅减少72%。中国近期仅采购了1800吨大豆，远低于截至4月10日当周的采购量7.3万 吨。 国内重大事件汇总： 1、中共中央政治局4月25日下午就加强人工智能发展和监管进行第二十次集体学习。（新华社） 12、2025年国内核电项目审批首次开闸：国常会核准10台新机组，拉动超2000亿投资。我国首个核电工业操作系统发布，将在华龙一号新机组全 面应用。国家原子能机构：正组织编制全口径核技术应用产业中长期发展规划。国家核安全局局长董保同：我国核电已进入大 ...

浙商证券表示，根据《中国核能发展与展望（2023）》，预计到2035年，我国核能发电量在总发电量的 占比将达到10%，相比2022年翻倍。从行业格局上看，核电运营牌照较为稀缺，目前仅中广核、中核、 国家电投和华能四家企业具备资质，而伴随着我国核电技术的发展，目前三代技术已成为主流，四代技 术也加速突破。 此外，据东北证券，根据中国核建招股说明书，核电建设投资中，建筑和安装总投资占比约20%。根据 《华龙一号核电工程造价及控制措施研究》，假设每台机组投资额为187亿元，预计十五五期间核建行 业平均每年新签订单337-374亿元，行业未来景气向好。 据智通财经报道，4月27日举行的协会2025春季核能可持续发展国际论坛上，生态环境部副部长、国家 核安全局局长董保同介绍，我国核电已进入大规模建设高峰期，已颁发建造许可证的机组31台，核准待 建机组13台，未来还将有新的机组核准，在建规模高于世界其他国家的在建规模总和，世所未有、史所 未有。 他提出加快推进核电标准化设计等建议，尽快固化华龙、国和等主力堆型设计，以标准化设计和批量化 建设带动核电建设提质增效、安全性可靠性持续提升。 公司方面，据国信证券表示， 唯二核电 ...

Group 1: Water Environment Protection - The State Council emphasizes the need for enhanced responsibility and mission in water pollution prevention, advocating for precise, scientific, and legal approaches to pollution control [1] - The ecological environment quality has improved significantly due to the "Blue Sky, Clear Water, and Clean Land" campaign, with a focus on addressing black and odorous water bodies and protecting water sources [1][2] - In 2024, the proportion of surface water quality in categories I to III reached 90.4%, an increase of 1.0 percentage points year-on-year, while the proportion of inferior category V water quality decreased to 0.6%, down by 0.1 percentage points [2] Group 2: Source Governance and Ecological Restoration - Future efforts will prioritize source governance over end-of-pipe treatment, integrating ecological considerations into water management, including the transformation of key industries and the recycling of water resources [3] - The meeting highlighted the importance of monitoring and managing pollution sources, particularly from industrial, domestic, and agricultural sectors, to prevent exceeding discharge standards [1][2] Group 3: Child Welfare and Medical Security - The meeting addressed the welfare of disadvantaged children, emphasizing the need for a comprehensive service system that includes basic living guarantees, medical rehabilitation, public education, and psychological support [3] - The draft of the Medical Security Law aims to enhance the medical security policy framework, protect the rights of insured individuals, and strengthen the supervision of medical insurance funds [4] Group 4: Nuclear Power Development - The meeting underscored the necessity of ensuring safety in nuclear power development, mandating adherence to the highest global safety standards in the construction and operation of nuclear power units [4]

Group 1: Duty-Free Policy - The Ministry of Commerce and five other departments have announced a notification to optimize the departure tax refund policy, lowering the refund threshold and enhancing the supply of refundable goods [1] - The long-term sales volume of departure tax refunds in China is expected to reach 109 billion yuan, driven by policy relaxation, technological penetration, and consumption upgrades [1] - By 2030, the market size for departure tax refunds may exceed 1 trillion yuan, forming a multi-tiered structure led by Hainan Free Trade Port and supported by first-tier cities [1] Group 2: Nuclear Power Development - The State Council has approved five nuclear power projects, including ten new units, marking the first approval of domestic nuclear power projects since 2025 [2] - The total investment for the newly approved nuclear units is estimated to exceed 200 billion yuan, with each unit requiring approximately 20 billion yuan [2] - China's nuclear power development strategy has shifted to "actively and safely develop," with a significant increase in the number of approved units expected in 2024 [2] Group 3: Intelligent Agents - The International Telecommunication Union has released a new international standard for intelligent agents based on large-scale pre-trained models, led by the China Academy of Information and Communications Technology [3] - The market for AI agents is projected to grow from 5.1 billion USD in 2024 to 47.1 billion USD by 2030, with a compound annual growth rate of 44.8% [3] - AI agents are becoming a key driver of transformation across various industries, enhancing efficiency and expanding human capabilities [3] Group 4: Virtual Power Plants - The Ministry of Transport and nine other departments have issued guidelines to promote the integration of transportation and energy, encouraging the development of virtual power plants [4] - Virtual power plants can effectively aggregate distributed energy resources and enhance power supply capabilities while promoting renewable energy consumption [4] - The rise of distributed energy resources necessitates the development of virtual power plants to facilitate grid regulation and market transactions [4] Group 5: AI in Government Affairs - The Central Political Bureau has emphasized the need for breakthroughs in AI development and regulation, focusing on foundational research and core technologies [5] - Shenzhen has successfully deployed an AI government assistant, improving overall work efficiency by over 20% across 240 real-world scenarios [5] - The AI-enabled government information system market is expected to grow rapidly, with significant potential for efficiency improvements and cost reductions [5]

Core Viewpoint - The Chinese government has approved the construction of 10 new nuclear power units, emphasizing the importance of safety in nuclear development [1][4]. Group 1: Project Approvals - The State Council approved five nuclear power projects, including the Zhejiang Sanmen Phase III and others, totaling 10 nuclear units [2]. - The approved projects involve major nuclear companies such as China General Nuclear Power Group, China National Nuclear Corporation, and State Power Investment Corporation [2]. Group 2: Investment and Technology - Each of the 10 third-generation nuclear units, including the Hualong One and CAP1000 designs, has an investment exceeding 20 billion yuan, leading to a total investment of over 200 billion yuan for all units [2]. - The continuous approval of 10 units annually for four consecutive years indicates a stable development pace in the nuclear sector [3]. Group 3: Industry Impact and Environmental Benefits - The nuclear power industry has achieved significant advancements in technology, project construction, and environmental benefits, with over 5,400 enterprises involved in the supply chain since the development of Hualong One [3]. - Nuclear power units can reduce coal consumption by 3 million tons annually compared to coal-fired power, leading to significant reductions in CO2 and SO2 emissions [3]. Group 4: Regional Distribution and Capacity - As of the end of 2024, China will have 102 nuclear power units in operation, under construction, or approved, with a total installed capacity of 113 million kilowatts, maintaining the world's leading position for two consecutive years [4]. - Guangdong province has the largest nuclear power capacity, with an installed capacity of 23 million kilowatts, followed by Fujian and Zhejiang [4].

Group 1: Environmental Protection and Water Management - The meeting emphasized the importance of enhancing responsibility and mission awareness in water ecological environment governance, promoting a comprehensive ecological environment governance system for major river basins [1] - It highlighted the need for source governance, focusing on major rivers and lakes, and strengthening monitoring to prevent exceeding pollution discharge standards from industrial, domestic, and agricultural sources [1] - The meeting called for the establishment of a long-term mechanism to guide enterprises in energy-saving and emission-reduction transformations, and to support local governments in improving environmental infrastructure [1] Group 2: Welfare for Vulnerable Children - The meeting underscored the significance of strengthening welfare protection for vulnerable children, emphasizing the principle of prioritizing children's development and interests [2] - It discussed the need to improve basic living guarantees, medical rehabilitation, public education, and psychological health services tailored to the needs of vulnerable children [2] - The meeting also stressed the importance of establishing a personal safety protection system to prevent and punish various crimes against vulnerable children [2] Group 3: Medical Security Legislation - The meeting discussed and approved the draft of the Medical Security Law, aiming to enhance the medical security policy system and protect the rights of insured individuals [2] - It emphasized the need for strict supervision of medical insurance funds and the establishment of mechanisms to combat fraudulent medical practices [2] - The meeting called for increased legal awareness among medical institutions, personnel, and the public to ensure compliance with medical regulations [2] Group 4: Nuclear Power Development - The meeting highlighted the necessity of ensuring safety in nuclear power development, stressing the responsibility of construction and ownership units to adhere to the highest global safety standards [2] - It called for continuous enhancement of safety supervision capabilities to ensure a robust safety net for nuclear power operations [2]