以下文章来源于科创日报 ，作者牛占林 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 俄罗斯计划在未来十年内在月球上建设一座电站，为其月球探测计划以及中俄联合月球科研站提供能源支持。 据悉，该月球发电站计划于2036年前建成，合同将于2025年开始执行。该月球发电站将为俄罗斯月球计划的用户以及国际月球科学站的基 础设施长期提供电力。 俄罗斯国家航天集团(Roscosmos)周三在一份声明中表示， 计划最晚于2036年前建成一座月球发电站，并已就此与拉沃奇金科学生产联合 体签署合同。 合同中规定的工作包括航天器研发、地面试验、飞行试验和在月球上部署基础设施。 俄罗斯联邦航天局表示： "该项目是建立一个长期稳定运行的科学月球基地，并从一次性任务迈向长期月球探索计划的重要一步。" 尽管Roscosmos并未明确指出该月球电站是否为核电站，但其声明却列出两大关键参与方，包括俄罗斯国家原子能集团(Rosatom)以及俄 罗斯顶级核研究机构库尔恰托夫研究所，暗示技术路线已锁定核能。 2023年8月，俄罗斯无人探月器"月球-25号"在尝试着陆过程中坠毁于月球表面。 与此同时，马斯克彻底重 ...

2020-2025年1-10月中国核能发电量产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：中国广核（003816）,中国核电（601985）,申能股份（600642）,浙能电力（600023）,湖北能 源（000883）,华能国际（600011）,大唐发电（601991）,江苏国信（002608）,中核科技（000777）,福 能股份（600483） 相关报告：智研咨询发布的《2025-2031年中国核能发电行业市场运行格局及投资战略研判报告》 根据国家统计局数据显示：2025年10月中国核能发电量产量为387亿千瓦时，同比增长4.2%；2025年1- 10月中国核能发电量累计产量为3967.6亿千瓦时，累计增长8.7%。 ...

Core Viewpoint - China Uranium Industry (001280.SZ) has successfully listed on the Shenzhen Main Board, focusing on the comprehensive utilization of natural uranium and radioactive co-mineral resources, and is the third-largest IPO in A-shares this year [1] Company Overview - China Uranium Industry specializes in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of co-mineral resources such as monazite, uranium-molybdenum, and tantalum-niobium [1] - The company is a key player in China's natural uranium supply, being the main entity in the natural uranium mining sector under the China National Nuclear Corporation (CNNC) [5][6] Financial Metrics - The IPO price was set at 17.89 CNY per share, with an institutional offering price of 18.45 CNY, resulting in a market capitalization of 37 billion CNY [2] - The company reported revenues of 10.535 billion CNY, 14.801 billion CNY, and 17.279 billion CNY for the years 2022, 2023, and 2024 respectively, with net profits of 1.334 billion CNY, 1.262 billion CNY, and 1.458 billion CNY for the same years [6] Investment Direction - The company plans to allocate raised funds primarily towards various uranium mining projects, including: - 1.38 billion CNY for the Inner Mongolia Naling project (33.58%) - 420 million CNY for the second phase of the Bayan Obo uranium project (10.22%) - 310 million CNY for the expansion of the Xinjiang Tianshan uranium project (7.54%) [4] Market Position - China Uranium Industry is among the top ten global producers of natural uranium, with significant mining rights and long-term supply contracts with major global uranium companies [6] - The company is expected to benefit from the accelerating development of nuclear power in China, with a projected increase in global uranium demand from 67,500 tons in 2024 to 150,500 tons by 2040 [5]

Core Viewpoint - China Uranium Industry (001280.SZ) has launched its IPO on the Shenzhen Main Board, focusing on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, and is the third largest IPO in A-shares this year [1][8]. Company Overview - China Uranium Industry specializes in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of co-associated radioactive minerals such as monazite, uranium-molybdenum, and tantalum-niobium [1][6]. - The company is a key player in China's natural uranium supply, being the main entity in the natural uranium mining sector of the China National Nuclear Corporation (CNNC) [5][6]. Financial Metrics - The IPO price is set at 17.89 CNY per share, with an institutional offering price of 18.45 CNY per share, resulting in a market capitalization of 37 billion CNY [2]. - The company has a P/E ratio of 27.06, slightly below the industry average of 27.57 [2]. Fundraising and Investment Plans - The company plans to allocate 13.80 billion CNY (33.58%) of the raised funds to the Inner Mongolia Naling project, with additional investments in other uranium mining projects [4][5]. - Other significant allocations include 4.20 billion CNY for the second phase of the Bayan Ula uranium project and 3.10 billion CNY for the expansion of the Xinjiang Tianshan uranium project [4]. Market Position and Growth Potential - China Uranium Industry is among the top ten global producers of natural uranium, with a strong presence in both domestic and international markets [6]. - The company has long-term supply contracts with major global uranium mining companies and has established good relationships with downstream nuclear power operators [6]. Performance Outlook - The company reported revenues of 10.535 billion CNY, 14.801 billion CNY, and 17.279 billion CNY for the years 2022, 2023, and 2024, respectively, with net profits of 1.334 billion CNY, 1.262 billion CNY, and 1.458 billion CNY [6]. - For the first three quarters of 2025, the company achieved a revenue of 13.764 billion CNY and a net profit of 1.2 billion CNY [6]. Market Trends - The global demand for natural uranium is expected to grow significantly, with projections indicating an increase from 67,500 tons in 2024 to 150,500 tons by 2040, while the production is only expected to reach 60,200 tons in 2024 [5][6]. - The international uranium market has seen a rising trend in prices from 2022 to 2024, which has positively impacted the company's performance [7].

Core Viewpoint - The article highlights the significant market performance of newly listed stocks, particularly N Dapeng, which saw a dramatic price increase amid a broader market adjustment, and the launch of China Uranium Industry's public offering, emphasizing its strategic position in the nuclear sector [1][2][8]. Group 1: N Dapeng Industrial - N Dapeng Industrial, a manufacturer of precision cleaning equipment for the automotive industry, experienced a stock price surge of 1211.11% on its debut, with a total market capitalization reaching 72.53 billion yuan [2][4]. - The company reported projected revenues of 2.47 billion yuan in 2022, increasing to 2.65 billion yuan in 2024, with net profits expected to range from 40.89 million yuan to 48.69 million yuan during the same period [3][4]. - N Dapeng has established long-term partnerships with major automotive manufacturers, including BYD, Changan, and Geely, positioning itself as a key player in the precision cleaning sector [4][5]. Group 2: China Uranium Industry - China Uranium Industry, referred to as the "first stock in uranium," opened for subscription with a price of 17.89 yuan and a projected earnings ratio of 27.06 times, aiming to raise approximately 4.11 billion yuan for various mining projects [8][9]. - The company has a comprehensive business model covering mining, sales, and trade, holding 17 mining rights domestically and controlling the sixth-largest uranium mine globally in Namibia [8][9]. - Revenue projections indicate growth from 10.54 billion yuan in 2022 to 17.28 billion yuan in 2024, with a compound annual growth rate of 28.07%, while net profits are expected to rise from 1.52 billion yuan to 1.71 billion yuan during the same period [8][9].

Group 1: China Uranium Industry - China Uranium Industry (001280.SZ) focuses on the comprehensive utilization of natural uranium and radioactive co-mineral resources, including mining, sales, and trade of natural uranium [2] - The company is a key player in China's natural uranium supply, benefiting from the accelerated development of nuclear power in the country, and is a significant global producer and supplier of natural uranium [4][5] - The company holds six exploration rights and 19 mining rights for natural uranium or uranium-molybdenum mines, located in regions with rich uranium resources [5] - From 2022 to 2024, the company is projected to achieve revenues of CNY 105.35 billion, CNY 148.01 billion, and CNY 172.79 billion, with net profits of CNY 13.34 billion, CNY 12.62 billion, and CNY 14.58 billion respectively [6] - The international uranium market has seen a continuous price increase from 2022 to 2024, which has positively impacted the company's performance [7] Group 2: Dapeng Industrial - Dapeng Industrial (920091.BJ) is a leading manufacturer of specialized intelligent equipment for industrial precision cleaning, primarily serving the automotive and new energy sectors [8][10] - The company plans to invest CNY 0.95 billion in the production and R&D base for intelligent industrial cleaning equipment and CNY 0.30 billion in the R&D center for machine vision detection equipment [10] - Dapeng Industrial has established long-term partnerships with major automotive manufacturers, including BYD, Changan, and Geely, ensuring a stable customer base [11] - The company has reported accounts receivable of CNY 89.63 million, CNY 83.68 million, CNY 130.99 million, and CNY 109.95 million from 2022 to mid-2025, indicating a significant proportion of sales revenue tied up in receivables [12]

Industry Insights - The 2025 Fourth China Nuclear Energy High-Quality Development Conference and Shenzhen International Nuclear Industry Innovation Expo will be held from November 12 to 14 in Shenzhen, focusing on creating a globally influential nuclear energy industry exchange event [1] - Over the past decade, global nuclear power generation growth has primarily relied on Asia, with 56 out of 68 new operational units located in Asia [1] - Nuclear power plants maintain an annual utilization hour rate of over 7000 hours, the highest among all energy sources, and do not emit sulfur dioxide, nitrogen oxides, smoke, or carbon dioxide during production [1] - The future role of nuclear energy is expected to expand beyond power generation to include seawater desalination, hydrogen production, and medical protection [1] Company Developments - Shangda Co., Ltd. has successfully developed and delivered high-end products such as ultra-pure stainless steel TP316H and TP316L forged bars for nuclear engineering, applied in domestic third and fourth-generation nuclear projects [2] - Guoguang Electric has completed the development and mass production of several valve models, including DN40, which are supplied to multiple units in the nuclear industry, featuring strong radiation resistance, high gas tightness, and low overall and internal leakage rates [2]

Group 1 - The National Healthcare Security Administration has released a new directory of innovative drugs for medical insurance, with negotiations starting on November 4. If new products are included in the insurance directory, it will be a positive development; otherwise, related companies may face short-term negative impacts [1] - A new 2MWT liquid fuel thorium-based molten salt experimental reactor has been established by the Shanghai Institute of Applied Physics, indicating progress in the nuclear power sector and potential upward reversal expectations for related fields [1] Group 2 - The A-share market is expected to experience a short-term pullback, but a rebound is anticipated in the early part of the week. Recent market conditions show divergence in major indices and commodity prices, with slight depreciation of the RMB, which may exert short-term pressure on the market [1] - Technical analysis indicates that the three major indices have faced upward pressure, with a significant drop in trading volume during the market's pullback, suggesting a decrease in short-selling intentions. The market is close to a key support level at 3936 points, which, if not breached, could lead to a reversal [2] - Investors are advised to be cautious with high-flying technology stocks during market pullbacks, while being patient with lower-performing technology and financial stocks. As long as key support levels are maintained, investors can wait for potential rebounds [2]

Core Insights - New Era Energy (NEE.US) plans to restart the Duane Arnold Energy Center in Iowa, primarily to supply power to Google's (GOOGL.US) data center, with electricity expected to start flowing in 2029 [1][2] - The energy demand from large data centers is reshaping the energy industry, with tech companies favoring nuclear energy for its clean and continuous power supply [1] - The speed of the agreement between New Era Energy and Google highlights the strong demand for baseload and zero-emission power [1] Company Developments - New Era Energy has agreed to sell electricity from the Duane Arnold Energy Center to Google for 25 years and will acquire shares from minority stakeholders [2] - The company is also exploring new nuclear energy project developments with Google, having completed nearly 3,000 megawatts of energy projects together in the U.S. [2] - Following the announcement, New Era Energy's stock saw an after-hours increase of up to 3.5%, closing up 2.29% [2] Industry Trends - The trend of restarting decommissioned nuclear plants is viewed as a quicker solution to meet rising energy demands, although only a few plants are currently deemed feasible for restart [1] - Other companies, such as Constellation Energy (CEG.US) and Holtec International, are also working on restarting nuclear reactors in Pennsylvania and Michigan, respectively [1]

Core Points - Russia and Iran signed a memorandum of understanding for the construction of small nuclear power plants in Iran [1] - Iran aims to build eight nuclear power plants to reach a total nuclear energy capacity of 20 gigawatts by 2040 [1] - The only operational nuclear power plant in Iran, located in Bushehr, has a generation capacity of approximately 1 gigawatt and was built by Russia [1]