Core Viewpoint - The company is involved in the thorium-based molten salt experimental reactor project, indicating a commitment to advanced nuclear technology [1] Group 1 - The company successfully passed the acceptance test for the 2MWt liquid fuel thorium-based molten salt experimental reactor (TMSR-LF1) safety device, specifically the residual heat exchange device [1]

Core Viewpoint - The company is involved in the thorium-based molten salt experimental reactor project, with a successful acceptance of a safety device by experts from the Shanghai Institute of Applied Physics, Chinese Academy of Sciences [1] Group 1 - The company has participated in the thorium-based molten salt experimental reactor project [1] - The 2MWt liquid fuel thorium-based molten salt experimental reactor (TMSR-LF1) safety device has passed acceptance [1]

Core Viewpoint - The company is involved in the thorium-based molten salt experimental reactor project, indicating a commitment to advanced nuclear technology [1] Group 1 - The company successfully passed the acceptance test for the 2MWt liquid fuel thorium-based molten salt experimental reactor (TMSR-LF1) safety device, specifically the residual heat exchange device [1] - The acceptance was conducted by an expert group from the Shanghai Institute of Applied Physics, Chinese Academy of Sciences, highlighting the project's credibility and technical validation [1]

Core Viewpoint - The company is involved in the thorium-based molten salt experimental reactor project, with successful acceptance of a safety device by experts from the Shanghai Institute of Applied Physics, Chinese Academy of Sciences [1] Group 1 - The company has participated in the thorium-based molten salt experimental reactor project [1] - The 2MWt liquid fuel thorium-based molten salt experimental reactor (TMSR-LF1) safety device has passed acceptance [1] - The acceptance was conducted by an expert group from the Shanghai Institute of Applied Physics [1]

Core Viewpoint - The company clarifies that it was involved in the delivery of the main container equipment for the "Thorium-based Molten Salt Reactor Comprehensive Simulation Experiment Platform Project" in 2018, and not the "2MWt Liquid Fuel Thorium-based Molten Salt Experimental Reactor (TMSR-LF1) project" as reported by the media [1] Group 1 - The company emphasizes the distinction between the TMSR-SF0 project and the TMSR-LF1 project, indicating that the former was completed and delivered in 2018 [1] - The announcement serves as a reminder for investors to be cautious and make rational investment decisions [1]

Core Viewpoint - Baose Co., Ltd. clarifies that it is not involved in the "2MWt liquid fuel thorium molten salt experimental reactor (TMSR-LF1) project" as reported by the media, but rather delivered equipment for the "thorium molten salt reactor comprehensive simulation experimental platform project" in 2018 [1] Group 1 - The company delivered the main container equipment for the TMSR-SF0 project in 2018 [1] - The announcement serves to remind investors to be cautious and make rational investment decisions [1]

Core Viewpoint - The stock of Baose Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of over 30% on November 3 and 4, 2025, prompting a review by the Shenzhen Stock Exchange [1] Company Information - The company's board confirmed that there are no corrections or supplements needed for previously disclosed information, and the recent operational situation remains normal without significant changes in the internal or external environment [1] - The company, its controlling shareholders, and shareholders holding more than 5% of the stock have no undisclosed significant matters [1] Project Clarification - Regarding the market's interest in the thorium-based molten salt reactor project, the company clarified that it only undertook the "Thorium-based Molten Salt Reactor Comprehensive Simulation Experiment Platform Project" for the Shanghai Institute of Applied Physics, which was delivered in 2018, with a contract amount of 2.5585 million yuan [1] - The company did not participate in the media-reported "2MWt Liquid Fuel Thorium-based Molten Salt Experimental Reactor (TMSR-LF1) project" [1] Financial Metrics - The company highlighted that its current price-to-earnings (P/E) ratio is significantly higher than the industry average for specialized equipment manufacturing, advising investors to be cautious and make rational decisions [1]

Core Viewpoint - Jiangsu Shentong is actively engaging in the research and supply of valves required for nuclear power projects, particularly focusing on advanced technologies in the nuclear energy sector [2] Group 1: Company Developments - The company has been closely following advancements in nuclear energy applications for many years [2] - Jiangsu Shentong is involved in the research and supply of various valve products needed for thorium-based molten salt reactors [2] - The company has established a technical reserve for the development of these valve products [2]

Market Overview - The market experienced a decline with the Shanghai Composite Index falling by 0.41%, the Shenzhen Component down by 1.71%, and the ChiNext Index decreasing by 1.96% [1] - A total of 50 stocks hit the daily limit up, while 18 stocks faced limit down, resulting in a sealing rate of 74% [1] - The trading volume shrank significantly, with the total turnover of the Shanghai and Shenzhen markets falling below 2 trillion yuan, a decrease of 191.4 billion yuan compared to the previous trading day [1] Stock Performance - Notable stocks included Hezhong China with a six-day limit up streak, Haima Automobile and Baihehua with three consecutive limit ups, and Pingtan Development achieving ten limit ups in thirteen days [1][3] - The top-performing sectors included the Fujian Free Trade Zone, banking, and the ice and snow industry, while sectors such as precious metals, pharmaceuticals, and robotics saw declines [1] Hot Stocks and Trends - The stock Pingtan Development led the market with a significant increase, reflecting strong local interest in Fujian stocks [3][7] - The fourth-generation nuclear power technology gained attention following the successful conversion of thorium-uranium fuel by a research institute, boosting stocks like Baose and Hailu Heavy Industry [5][14] - The ice and snow tourism sector showed a surge in interest, with a nearly 900% increase in search volume for outdoor ski resorts, indicating a growing trend in winter tourism [7][17] Sector Analysis - The electric grid equipment sector remained strong, with companies like Zhongneng Electric and Shima Electric hitting limit ups, driven by comments from Microsoft CEO regarding power shortages hindering AI development [6][18] - The chemical sector saw activity due to breakthroughs in aromatic amine applications, with stocks like Baihehua and Huatai rising [23] Future Outlook - The market is expected to continue facing challenges with low liquidity and a lack of sustainable new themes, leading to speculative trading [3][9] - The overall sentiment remains cautious, with the ChiNext Index showing signs of potential downward pressure if it fails to recover key moving averages [9]

Core Viewpoint - Jiangsu Shentong is actively engaged in the research and supply of valves required for nuclear power projects, focusing on advanced technologies in nuclear energy applications [1] Group 1 - The company has been closely following advancements in nuclear energy technology for many years [1] - Jiangsu Shentong is participating in the construction of nuclear power projects in friendly countries [1] - The company has initiated the research and technical reserve of various valve products needed for thorium-based molten salt reactors [1]