Group 1: Core Insights - The U.S. government plans to double its nuclear power capacity over the next 25 years to support AI development and maintain a competitive edge against China in technology [1][2][9] - The initiative includes simplifying approval processes, providing financial support, and promoting small modular reactor (SMR) technology to revitalize the nuclear industry [2][11] - The U.S. aims to address the increasing electricity demand driven by AI, which is projected to consume a significant portion of the national electricity supply by 2028 [11][12] Group 2: Geopolitical Context - The rhetoric surrounding the initiative emphasizes competition with China, highlighting the geopolitical motivations behind U.S. energy policies [1][2][3] - China has made significant advancements in AI, accounting for approximately 40% of global AI patent applications in 2023, prompting the U.S. to respond with energy strategies aimed at maintaining technological leadership [2][3] Group 3: Challenges in Nuclear Development - The U.S. faces multiple challenges in its nuclear energy development, including weak domestic uranium mining and processing capabilities, which hinder rapid project advancement [13][14] - High construction costs and reliance on imported infrastructure further complicate the nuclear energy expansion efforts, as evidenced by the prolonged and over-budget Vogtle project [13][14] - A shortage of skilled personnel in nuclear construction poses additional risks to the successful implementation of the nuclear revival strategy [14] Group 4: Potential for Cooperation - The discussion suggests that instead of framing the relationship with China as a zero-sum game, the U.S. should consider collaborative approaches in nuclear technology and AI governance [4][5][10] - Establishing a U.S.-China nuclear innovation alliance could facilitate joint research and development, potentially lowering global nuclear construction costs and aiding carbon neutrality goals [4][5]

Group 1: Industry Developments - Recent breakthroughs in controlled nuclear fusion in China, including the early start of the BEST project and the successful operation of the "Chinese Circulation No. 3" at high performance levels, indicate significant advancements in the field [1][2] - The Chinese government has increased policy support for controlled nuclear fusion, designating it as a key area for low-carbon technology development and future energy solutions [2][3] - Multiple projects in the controlled nuclear fusion sector are accelerating, with significant international collaboration, such as the completion of components for the world's largest superconducting electromagnetic system [3] Group 2: Market Opportunities - The controlled nuclear fusion industry is projected to create substantial opportunities for related upstream and downstream companies, with a focus on commercializing the technology [1][4] - A report indicates that 26 out of 37 surveyed commercial nuclear fusion companies expect to achieve their first grid-connected fusion reactor by 2035, signaling a shift towards commercial viability [3] - The domestic nuclear fusion sector is experiencing a surge in project tenders, marking a new phase of development and potential growth in the coming years [3][4] Group 3: Company Strategies - Companies in the nuclear fusion supply chain are actively positioning themselves to capitalize on the emerging market, with significant investments and strategic partnerships being formed [4][5] - Key players are focusing on the development of advanced materials and equipment, with notable contracts already signed for major projects, indicating a robust pipeline of opportunities [4][5] - The industry is encouraged to enhance collaboration across the supply chain and focus on technological advancements to secure a competitive edge in the evolving energy landscape [5][6]

超级赛道再迎利好催化。 今晚，美股核能概念股全线爆发，Nuscale Power盘初一度大涨超13%，Centrus能源最高涨超8%，星座能源涨 超5%。据最新消息，Meta与星座能源签署了一份为期20年的核电购买协议。 有分析称，这项协议表明全球科技巨头亟须确保运行数据中心和人工智能的能源，或将进一步刺激全球核电需 求增长。 全线爆发 北京时间6月3日晚间，美股开盘后，三大指数窄幅震荡，核能概念股全线大涨，Nuscale Power盘初一度大涨 超13%，截至22:00，Energy Fuels大涨超8%，Uranium Energy、Nano核能涨超7%，星座能源、Centrus能源涨 超5%，Cameco涨超2%。 消息面上，星座能源公司同意将伊利诺斯州一座正在运营的核电站的电力出售给Meta，这笔交易也可能使星 座能源在该核电站新建一座反应堆。 根据周二的一份声明，Meta与星座能源签署了一份为期20年的核电购买协议，从2027年6月开始，Meta将从星 座能源位于伊利诺伊州的克林顿电厂购买约11亿瓦的电力，这是该场地一座核反应堆的全部发电量。 Meta全球能源主管乌尔维·帕雷克表示："确保清洁、可靠 ...

// 市场要闻 // 美国延长对华301条款关税部分豁免 当地时间5月31日，美国贸易代表办公室宣布，延长对中国在技术转让、知识产权和创新方面的行为、政策与做法所进行的301条款调查中部分产品的关税 豁免。这些豁免原定于2025年5月31日到期，现已延长至2025年8月31日。 国内航线燃油附加费将下调 有航空公司近日发布通知，自2025年6月5日（含出票日期）起调整国内航线旅客运输燃油附加费征收标准。其中800公里（含）以下航线免收燃油附加 费，800公里以上航线每位旅客每航段收取10元燃油附加费。 // 板块利好 // 人工智能 2025全球人工智能技术大会(GAITC 2025)将于6月7日至8日在浙江杭州召开。作为我国人工智能领域千人级综合性活动，大会以"交叉、融合、相生、共 赢"为主题，坚持"国际化、高端化、专业化"的办会理念，旨在打造"世界的讲台、中国的平台、城市的舞台"，今年是连续第六年在杭州举办。 中信证券研报认为，中国科技产业价值重估的过程仍然没有结束，推荐投资人持续关注AI生态扩张、应用落地为细分行业所带来的投资机会。 核能 第二届天府核聚变论坛将于6月5日至6日在成都举行。 中泰证券研报 ...

Industry Overview - The American nuclear industry gained significant attention this week, leading to a more than 5% increase in Oklo's stock price [1] - President Trump signed an executive order aimed at supporting the nuclear industry, which includes measures for testing reactors and constructing nuclear power facilities on public land [2][4] Company Developments - Oklo signed a memorandum of understanding for a project in Asia, collaborating with Korea Hydro & Power to develop an Oklo facility in Idaho and cooperate on early-stage projects [5] - Industry analyst Jed Dorsheimer from William Blair initiated coverage on Oklo and other nuclear stocks, labeling them as buys, with a particular focus on Oklo's vertically integrated business model [6]

Group 1: Market Overview - The market has seen an increase, surpassing 4200, driven by a court ruling invalidating tariffs imposed by the US, which has boosted global risk appetite [1] - The strongest sectors today include autonomous driving and stablecoins, indicating a shift in investor focus [1] Group 2: Nuclear Fusion Research - The Southwestern Institute of Physics has achieved a new operational record for fusion devices in China, highlighting advancements in nuclear fusion research [2][1] - This development raises questions about the potential for this niche sector to gain traction and attract investment [2] Group 3: Company Involvement in Nuclear Fusion - Yongding Co., Ltd. has achieved leading performance in wire rod length and low-temperature strong magnetic field applications, with products used in superconducting induction heating and fusion magnets, maintaining close cooperation with the Southwestern Institute of Physics [6] - Chenguang Medical has ongoing technical communication with the Southwestern Institute regarding the supply of superconducting magnets, contingent on specific procurement needs [7] - Qiaoyuan Co. has established a reputation in the medical sector and maintains relationships with military research institutions, including the Southwestern Institute [8] - Lansi Heavy Industry is involved in the development of nuclear fusion-related products and has successfully applied a new type of heat exchanger in a fusion engineering project [9][10] - Guoguang Electric has received a provincial science and technology award for a project in collaboration with the Southwestern Institute focused on high-sensitivity leak detection technology for fusion components [10] - Antai Technology is at the forefront of research and manufacturing in fusion filter components, collaborating with the Southwestern Institute [11] - Hekang New Energy provides operational and maintenance services for high-voltage water-cooled variable frequency systems used by the Southwestern Institute [11] - Jingye Intelligent is exploring cooperation in remote operation and maintenance technology for fusion reactors with the Southwestern Institute [12] - Yingjie Electric serves various research institutions, including the Southwestern Institute, providing power supplies for scientific research and experimental testing [13]

证券代码：833781 证券简称：瑞奇智造 公告编号：2025-048 成都瑞奇智造科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 法律责任。 一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 参会单位及人员：华夏基金、融贤汇金基金、开源证券 上市公司接待人员：副总经理兼董事会秘书周理江先生 三、 投资者关系活动主要内容 问题 1：公司怎么看核能行业发展趋势？ 回答：核能作为清洁高效低碳能源，对优化我国能源结构、保障能源安全具有 重要意义。《"十四五"现代能源体系规划》提出要积极安全有序发展核电，保持平 稳建设节奏，开展核能综合利用示范，推动核能在清洁供暖、工业供热、海水淡化 等领域的综合利用。根据中国核电发展中心和国网能源研究院有限公司联合编著的 二、 投资者关系活动情况 活动时间：2025 年 5 月 27 日、2025 年 5 月 29 日 活动地点：公司三楼会议室 《我国核电发展规划研究》， ...

中国早在上世纪80年代初就确定了热堆——快堆——聚变堆三步走的核能发展战略，以华龙一号、国和一号为代表的成熟三代核电技术是热堆技术的代 表，快堆方面，中核集团在福建霞浦建设了两个60万千瓦的示范堆。 聚变研发正从"永远50年"进入"10年-20年"窗口期，竞争在中美欧间展开 对于被称作人类终极能源形式的核聚变，业界常以"永远还有五十年"来戏称其实现的难度之大、距离之远。但在真正从事聚变研究的专家眼中，聚变竞争 正在提速，黎明前的曙光已经若隐若现。 随着人工智能技术的飞速发展，催生了算力对绿色能源的巨大需求，如何保障未来人工智能所需的电力，成为未来科技竞争的又一制高点。在此背景下， 美国科技公司纷纷入局核电前沿技术的投资，聚变、小堆为主的新兴核电技术成为新的投资热点。相比小堆，聚变实现的难度更大，回报也更高。 中美两国引领了核聚变领域新的投资和研发。尽管这一终极能源必然面临比其他投资更长的回报期，和巨大的投资风险，但资本仍在源源不断的投入，除 了主流的磁约束聚变技术路线之外，也押注有多种其他的聚变技术。 而在聚变领域，到目前为止，国内只有中科院等离子所的东方超环（EAST）、中核集团西南物理研究院的环流3号和新 ...

Group 1 - The company has approved a share repurchase plan using its own and raised funds, with a maximum repurchase price of RMB 13.98 per share and a total repurchase amount between RMB 300 million and RMB 500 million [1] - The repurchase period is set for up to 12 months from the board's approval date [1] - As of the latest update, the company has repurchased shares amounting to 0.02% of its total share capital, with a total expenditure of RMB 36,980,492.80, at prices ranging from RMB 9.58 to RMB 9.65 per share [2] Group 2 - The company will adhere to relevant regulations and guidelines during the repurchase process and will disclose progress to investors [2]

Group 1 - The core viewpoint is that the recent executive order by President Trump to promote nuclear energy development is expected to significantly accelerate the deployment of Small Modular Reactors (SMRs) in the U.S. by the end of 2030 [1][2] - The executive order mandates the Nuclear Regulatory Commission to decide on new nuclear power plant applications within 18 months and to adopt shorter approval timelines for specific reactor types, addressing long-standing complaints about lengthy approval processes [1][2] - GE Vernova, a company focused on power systems and clean energy, aims to balance reliability, affordability, and sustainability in energy solutions, particularly through the deployment of SMRs [2][3] Group 2 - SMRs are viewed as the future of nuclear power due to their smaller size, lower construction costs, and faster deployment times compared to traditional large-scale nuclear plants [3][4] - The design of SMRs allows for factory manufacturing and on-site assembly, integrating passive safety systems, which aligns with the growing demand for low-carbon energy sources driven by AI and data centers [3][4] - The increasing power demands from AI server clusters make SMRs an attractive solution, as their compact size and flexible siting capabilities can reduce transmission losses and land approval conflicts [4][5] Group 3 - GE Vernova has received approval to deploy its BWRX-300 reactor in Ontario, Canada, marking the first SMR construction in the Western world, with expectations for operation by 2030 [6] - The company anticipates a surge in interest from clients, particularly data centers and cloud computing giants, for its SMR technology, as they are willing to pay a premium for efficient, zero-carbon energy [6] - GE Vernova's stock has surged nearly 48% this year, significantly outperforming the S&P 500 and Nasdaq 100 indices, driven by strong demand for gas turbines and nuclear power systems [6]