中国证券报记者日前来到山东烟台招远市张星镇，实地见证我国首个配置冷却塔的"华龙一号"核电机组 ——中广核山东招远核电项目1号机组顺利完成核岛第一罐混凝土浇筑，这标志着该项目一期工程建设 全面启动。 "项目最显著的特点是配置了高达203米、淋水面积为16800平方米的高位收水自然通风冷却塔，首次将 二次循环冷却技术应用到'华龙一号'机组上。"山东招远核电有限公司执行董事喻向东表示，冷却塔将 核电站常规岛的直接冷源由大海变为大气，依托大气热阱带出常规岛热力循环余热，海水仅作为补充水 源。这一设计不仅实现了冷却水的循环使用，还大幅降低水头和能耗，最大程度降低飘水率，有力保障 了冷源安全。采用该技术的招远核电，拓宽了核能项目开发空间布局，将为我国核电建设开辟新路径、 提供新经验。 安全始终是核电的生命线。中广核工程有限公司副总经理杨亚璋表示，高位收水自然通风冷却塔凭借自 身蓄水量，在失去厂外补水的特殊工况下，仍可确保机组连续运行不少于2小时，为极端情况下机组安 全稳定退出预留"缓冲带"。此外，项目还首次为"华龙一号"配置核级机械通风冷却塔，其自备大容积水 池可在失去补水情况下，为反应堆提供不少于30天的冷却能力，进一 ...

Core Insights - The first "Hualong One" nuclear power plant in China, utilizing cooling towers, has commenced construction with the successful pouring of the first concrete for the nuclear island of the CGN Zhaoyuan Nuclear Power Unit 1, marking the full launch of the Shandong Zhaoyuan nuclear power base [1] - This project differs from previous "Hualong One" projects by employing high-level water collection natural ventilation cooling towers for the conventional island system's cooling, significantly reducing water resource usage by switching the direct cooling source from seawater to the atmosphere [1] - The adoption of cooling towers allows for greater flexibility in site selection, moving away from the traditional coastal locations, thus freeing up coastlines and providing a model for future nuclear power construction [1] Company and Industry Implications - A-share related concept stocks mentioned include Haiou Co., Ltd. and Ice Wheel Environment, indicating potential investment opportunities in companies associated with this new nuclear technology [1]

民间资本投资再有新领域。 日前，国务院办公厅印发《关于进一步促进民间投资发展的若干措施》（简称"民间投资13条"），围绕拓宽投资空间、强化服务保障等方面推出13条具体举 措。 倍受关注的点是，明确鼓励民间资本参与铁路、核电、跨省输电通道、油气管道等一批重大基础设施项目，并提出"民间资本持股比例可在10%以上"的量化 指标。 这意味着，民营企业不再仅是项目建设的参与者，更有望以股东身份进入重大基础设施领域，分享其长期稳定的投资回报。 长期以来，民营企业参与重大项目建设一直是社会关注的热点，但受制于项目少、准入门槛高、融资渠道窄等多重障碍，民间资本在铁路、核电等国有资本 主导的领域中往往难以实质性进入。 与此同时，根据国家统计局数据，当前民间投资形势受房地产拖累，2025年1-10月民间投资增速为-4.5%，其中房地产开发投资同比下降14.7%。 在这一背景下，"民间投资13条"的出台不仅是对民间投资短期下滑的积极应对，更是要通过激发民营企业的活力，增强经济发展的内生动力，进一步释放内 需潜力。 制造业韧性强劲 在我国固定资产投资中，基建、制造业与房地产长期占据主导地位。国有部门高度集中于基建，而民间资本则主要在 ...

Industrial 4.0 - The Ministry of Industry and Information Technology (MIIT) issued guidelines for high-standard digital park construction, aiming to create benchmarks for enterprise digital transformation [1] - The guidelines focus on enhancing productivity through the digital transformation of manufacturing, with AI applications expected to improve operational efficiency across all manufacturing processes [1] - Data shows that intelligent transformation in manufacturing has led to a 20.7% reduction in R&D cycles, a 34.8% increase in production efficiency, a 27.4% decrease in defect rates, and a 21.2% reduction in carbon emissions [1] AIGC - Ant Group launched a multimodal AI assistant named "Lingguang," capable of generating editable and interactive applications in 30 seconds using natural language [2] - The assistant features three main functions: "Lingguang Dialogue," "Lingguang Flash Applications," and "Lingguang Open Eye," supporting various multimedia outputs [2] - Major domestic companies are accelerating AI application deployment, with significant advancements expected in e-commerce, marketing, and content-related scenarios [2] Nuclear Power - The first concrete pour for the "Hualong One" nuclear power plant using cooling towers was completed, marking the start of construction at the Shandong Zhaoyuan nuclear power base [3] - This project utilizes high-level water natural ventilation cooling towers, significantly reducing water resource usage compared to traditional methods [3] Huawei Computing Power - Huawei announced an upcoming forum focused on AI container applications, where it will release and open-source its innovative AI container technology, Flex:ai [4] - This technology aims to enhance the utilization efficiency of computing resources, potentially increasing GPU and NPU utilization rates from 30%-40% to 70% [4] - Analysts suggest that Huawei's Ascend series will introduce several new chips over the next three years, enhancing the domestic computing power and its supporting industry chain [4] Consumer Sector - The People's Bank of China and 12 other departments issued a plan to boost consumer spending in Beijing, emphasizing support for various consumer finance needs [5] - Analysts believe that the current macroeconomic environment remains weak, and the recovery of consumer sentiment may take time, with potential opportunities arising from fiscal stimulus policies [5] Macro and Industry News - MIIT aims to establish around 200 high-standard digital parks by 2027, with effective deployment and application of computing infrastructure [6]

Core Points - The first "Hualong One" nuclear power unit with a cooling tower in China has successfully completed the first concrete pouring for the nuclear island, marking the full launch of the Shandong Zhaoyuan nuclear power project [1] - The project is located in Zhaoyuan City, Shandong Province, and is the tenth nuclear power base established by China General Nuclear Power Group, planning to build six "Hualong One" units [1] - Once all units are completed, the project is expected to generate an annual electricity output of 50 billion kilowatt-hours, meeting the annual electricity needs of approximately 5 million people, while significantly reducing coal consumption and carbon dioxide emissions [1] Project Features - The project features a high-level water collection natural ventilation cooling tower, standing at 203 meters with a water collection area of 16,800 square meters, which is the first application of secondary circulation cooling technology in the "Hualong One" units [1] - This design changes the direct cooling source from the sea to the atmosphere, utilizing atmospheric heat to dissipate excess heat from the conventional island, with seawater serving only as a supplementary water source [1] - The cooling tower allows for the recycling of cooling water, significantly reducing water head and energy consumption, and minimizing water loss, thereby enhancing cooling source safety [1] Safety Measures - The high-level water collection natural ventilation cooling tower can ensure the unit operates continuously for at least 2 hours without external water supply, providing a "buffer zone" for safe and stable shutdown under extreme conditions [2] - Additionally, the project is the first to equip the "Hualong One" with a nuclear-grade mechanical ventilation cooling tower, which has a large capacity water pool that can provide cooling for the reactor for at least 30 days in the absence of supplementary water [2]

2025.11. 18 作者 | 第一财经 林春挺 本文字数：1633，阅读时长大约3分钟 又一台核电机组投入建设。 11月18日，中国首个配置冷却塔的"华龙一号"核电机组——中广核山东招远核电项目1号机组顺利完 成核岛第一罐混凝土浇筑，标志着该项目一期工程建设全面启动。 这是第一财经记者从中国广核集团（下称"中广核"）获悉的。 山东招远核电项目位于烟台招远市张星镇，是中广核在全国布局的第十个核电基地，规划建设6台"华 龙一号"核电机组。中广核总经理庞松涛表示，该项目是中广核积极融入山东能源发展规划、梯次打 造核风光储一体化清洁能源产业集群的关键项目。 喻向东进一步说明，冷却塔将核电站常规岛的直接冷源由大海变为大气，依托大气热阱带出常规岛热 力循环余热，海水仅作为补充水源。这一设计不仅实现了冷却水的循环使用，还大幅降低水头和能 耗，最大程度降低飘水率，有力保障了冷源安全。采用该技术的招远核电，拓宽了核能项目开发空间 布局，将为中国的核电建设开辟新路径、提供新经验。 中广核工程有限公司副总经理杨亚璋则对二次循环冷却技术的创新价值作了详细解读。他表示，高位 收水自然通风冷却塔凭借自身蓄水量，在失去厂外补水的特殊工 ...

喻向东进一步说明，冷却塔将核电站常规岛的直接冷源由大海变为大气，依托大气热阱带出常规岛热力 循环余热，海水仅作为补充水源。这一设计不仅实现了冷却水的循环使用，还大幅降低水头和能耗，最 大程度降低飘水率，保障了冷源安全。 中广核工程有限公司党委委员、副总经理杨亚璋在发布会上对二次循环冷却技术的创新价值作了详细解 读。他表示，高位收水自然通风冷却塔凭借自身蓄水量，在失去厂外补水的特殊工况下，仍可确保机组 连续运行不少于2小时，为极端情况下机组安全稳定退出预留"缓冲带"。 此外，项目还首次为"华龙一号"配置核级机械通风冷却塔，其自备大容积水池可在失去补水情况下，为 反应堆提供不少于30天的冷却能力，进一步强化核岛冷却保障。 （文章来源：每日经济新闻） 11月18日，《每日经济新闻》记者从中国广核集团（以下简称"中广核"）了解到，我国首个配置冷却塔 的"华龙一号"核电机组——中广核山东招远核电项目1号机组顺利完成核岛第一罐混凝土浇筑，标志着 该项目一期工程建设全面启动。 据悉，山东招远核电项目是中广核在全国布局的第十个核电基地，规划建设6台"华龙一号"核电机组。 项目全部机组建成后，预计年发电量达500亿千瓦时，可满 ...

Core Insights - The Shandong Zhaoyuan Nuclear Power Project's Unit 1, featuring China's first cooling tower configuration for the "Hualong One" reactor, has successfully completed the first concrete pouring for the nuclear island, marking the full commencement of the project's first phase [1] - The project aims to support Shandong's green and low-carbon energy transition and high-quality economic development, with an expected annual power generation of 50 billion kWh, sufficient to meet the electricity needs of approximately 5 million people [1] - The project is designed to significantly reduce coal consumption by about 15.27 million tons and cut carbon dioxide emissions by approximately 46.2 million tons annually, equivalent to reforesting over 110,000 hectares [1] Project Features - The project incorporates a high-level natural ventilation cooling tower, measuring 203 meters tall with a water collection area of 16,800 square meters, which utilizes secondary cooling technology for the first time in the "Hualong One" reactor [2] - This cooling tower design shifts the primary cooling source from seawater to atmospheric air, enhancing water recycling and significantly reducing energy consumption and water loss [2] - The innovative cooling system includes a nuclear-grade mechanical ventilation cooling tower, ensuring a cooling capacity for the reactor for at least 30 days without external water supply, thus enhancing safety [3] Construction Innovations - The construction of the cooling tower employs advanced techniques such as electric climbing molds and mechanized construction methods to improve efficiency while ensuring safety [3][4] - The project utilizes a range of 36 advanced construction technologies, including modular construction and automated welding, to enhance construction quality and efficiency [4] - Automation in construction is emphasized, with the introduction of integrated intelligent template processing systems and automated production lines, marking a shift towards smart construction in the nuclear power sector [4] Comprehensive Utilization of Nuclear Energy - The project is also focused on the comprehensive utilization of nuclear energy, contributing to clean heating initiatives in Shandong's Jiaodong Peninsula [5] - Each unit can provide up to 1,000 tons of steam per hour, covering a heating area of over 15 million square meters, benefiting Zhaoyuan and surrounding areas [5] - Future plans include expanding applications for industrial steam, hydrogen production, and seawater desalination, further promoting regional green and low-carbon development [5]

Market Performance - The Shanghai Composite Index closed at 3939.81 points, down 0.81%, with a trading volume of approximately 790.9 billion yuan [2] - The Shenzhen Component Index closed at 13080.49 points, down 0.92%, with a trading volume of approximately 113.51 billion yuan [2] - The ChiNext Index closed at 3069.22 points, down 1.16%, with a trading volume of approximately 50.88 billion yuan [2] - The STAR Market Index closed at 1596.41 points, down 0.20%, with a trading volume of approximately 18.69 billion yuan [2] - The North Star 50 Index closed at 1481.82 points, down 2.92%, with a trading volume of approximately 20.1 billion yuan [2] Sector Performance - AI-related sectors, including Sora, Xiaohongshu, ChatGPT, Web3, and AIGC, saw significant gains, indicating a growing investor interest in AI infrastructure [1][3] - The new energy industry chain experienced notable adjustments, with sectors such as sodium batteries, titanium metals, and solid-state batteries facing significant declines [1] Company Developments - The C919 and C909 aircraft made their debut at the Dubai Airshow, showcasing China's advancements in commercial aviation, with C909 having delivered over 170 aircraft and opened over 790 routes [4] - The construction of China's first "Hualong One" nuclear power plant with cooling towers has commenced, with a total planned capacity of approximately 7.2 million kilowatts, sufficient to meet the annual electricity needs of 5 million people [5] - Huawei announced the upcoming launch of the Mate X7 foldable smartphone, set to be unveiled on November 25, featuring a new "super-reliable folding structure" and a redesigned camera [6]

Core Viewpoint - The construction of the first unit of the Shandong Zhaoyuan Nuclear Power Project, featuring the "Hualong One" reactor, has officially commenced, marking a significant step in China's nuclear energy development [1][3]. Project Overview - The Zhaoyuan Nuclear Power Project plans to build six "Hualong One" nuclear reactors, with an expected annual electricity generation of 50 billion kilowatt-hours, sufficient to meet the needs of approximately 5 million people [3]. - The project aims to significantly reduce coal consumption by about 15.27 million tons and cut carbon dioxide emissions by approximately 46.2 million tons annually, equivalent to reforesting over 110,000 hectares [3]. Technological Innovations - The project features a high-level natural ventilation cooling tower, standing at 203 meters with a water collection area of 16,800 square meters, which utilizes secondary circulation cooling technology for the first time in "Hualong One" reactors [3][4]. - This cooling system replaces seawater with atmospheric air as the primary cooling source, enhancing water recycling and reducing energy consumption [4]. Safety and Efficiency Enhancements - The cooling tower can maintain continuous operation for at least 2 hours without external water supply, providing a buffer for safe shutdown in extreme conditions [5]. - The project also includes a nuclear-grade mechanical ventilation cooling tower, which can provide cooling for the reactor for at least 30 days without external water supply, further ensuring safety [5]. Construction Techniques - Advanced construction techniques such as electric climbing molds and automated welding are being employed to enhance construction efficiency while ensuring safety [7]. - The project incorporates digital applications for real-time monitoring and quality management, transitioning towards intelligent construction methods [7]. Comprehensive Utilization of Nuclear Energy - The project is also focusing on the comprehensive utilization of nuclear energy, with plans for nuclear heating that can provide up to 1,000 tons of steam per hour, covering an area of over 15 million square meters [8]. - Future expansions may include industrial steam supply, nuclear hydrogen production, and seawater desalination [8].