证券日报网讯江苏神通（002438）11月24日发布公告，在公司回答调研者提问时表示，作为国内核电站 建设中关键核级蝶阀、球阀等产品的领先供应商，公司不仅巩固了其市场地位，还在产品创新与技术革 新方面取得了显著进展。通过不断的研究与开发，公司陆续推出了新产品以扩大市场份额，并成功地将 多项创新成果应用于核电行业。目前，公司为单个核电机组提供的各类阀门订单价值已经超过了8000万 元人民币，全资子公司无锡法兰在单个核电机组提供的核电锻件订单也超过了2000万元。展望未来，公 司将进一步加大研发投入，以满足国内核电建设对阀门和法兰锻件不断增长的需求，并为国家能源发展 做出更大的贡献。 ...

江苏神通现场会议 调研活动记录 会议地点：公司会议室 会议时间：2025 年 11 月 21 日 会议主持：章其强 会议记录：章其强 出席人数：3 名 一、会议开始 本次机构投资者调研由公司副总裁兼董秘章其强先生主持，首先向到公司现 场参加调研活动的研究员表示欢迎，同时强调了关于遵守承诺函的约定和上市公 司信息披露的有关规定。其次，章其强先生向投资者介绍了公司基本情况、公司 发展战略规划及近期主要生产经营工作的进展情况。 二、沟通交流 问：公司核级产品在单台核电机组中的价值量是多少？ 答：作为国内核电站建设中关键核级蝶阀、球阀等产品的领先供应商，公司不仅 巩固了其市场地位，还在产品创新与技术革新方面取得了显著进展。通过不断的 研究与开发，公司陆续推出了新产品以扩大市场份额，并成功地将多项创新成果 应用于核电行业。目前，公司为单个核电机组提供的各类阀门订单价值已经超过 了 8000 万元人民币，全资子公司无锡法兰在单个核电机组提供的核电锻件订单 也超过了 2000 万元。展望未来，公司将进一步加大研发投入，以满足国内核电 建设对阀门和法兰锻件不断增长的需求，并为国家能源发展做出更大的贡献。 问：公司与同行企业在 ...

Core Viewpoint - The global nuclear forging market is expected to reach $2.27 billion by 2031, with a compound annual growth rate (CAGR) of 6.7% in the coming years [1]. Market Overview - Nuclear forgings are critical pressure components in nuclear power plants, primarily used in reactor pressure vessels, steam generators, and stabilizers, made from high-temperature alloy steel [1]. - The manufacturing process must meet nuclear-grade quality assurance standards, ensuring structural integrity and nuclear safety over a 60-year lifespan [1]. Market Size and Growth - The global nuclear forging market is projected to grow significantly, driven by the revival of nuclear power projects and the need for high-performance components [15][18]. - The Asia-Pacific region is the largest consumer of nuclear forgings, accounting for over 40% of the market share in 2024, followed by Europe [14]. Key Players - Major global manufacturers include Doosan Enerbility, Japan Steel Works, China First Heavy Industries, and others, with the top five companies holding approximately 49% of the market share in 2024 [6][22]. - Doosan Enerbility is the largest producer, expected to exceed 20% market share in 2024 [6]. Product Segmentation - Pressure vessels represent the largest product segment, holding about 55.9% of the market share [9]. - The nuclear island is the primary application area, accounting for approximately 80.8% of demand [11]. Industry Trends - The revival of global nuclear power is driving demand for forgings, as countries accelerate nuclear project construction in response to energy transition and carbon neutrality goals [15][18]. - China is emerging as a dual center for production and consumption of nuclear forgings, leveraging its manufacturing capabilities and growing nuclear projects [16]. - Technological advancements in high-strength materials and precision manufacturing are enhancing product performance and quality stability [17][20].

Core Viewpoint - The article highlights the transformation and revitalization of the industrial city of Qiqihar, showcasing how key enterprises like China First Heavy Industries Group and CRRC Qiqihar have navigated challenges and emerged stronger through innovation and reform [2][13]. Group 1: Historical Context and Challenges - Qiqihar has a rich industrial history, being a significant site for the Soviet Union's "156 key projects" and has faced both decline and resurgence over the decades [2][3]. - From the 1990s to 2016, many traditional enterprises in Qiqihar, including China First Heavy Industries, faced severe challenges, with China First Heavy reporting a loss of 5.7 billion yuan in 2016 [3][4]. Group 2: Corporate Restructuring and Innovation - China First Heavy Industries underwent significant restructuring, reducing its workforce and focusing on core business areas, which led to a revenue increase to 13.93 billion yuan in 2018 [5][6]. - The company shifted towards new energy sectors and improved management practices, which were crucial for its recovery and growth [5][6]. Group 3: Financial Support and Market Position - Financial institutions played a vital role in supporting Qiqihar's enterprises, with CRRC Qiqihar receiving 3.38 billion yuan in policy loans from the Export-Import Bank of China, which helped stabilize its operations [11][12]. - CRRC Qiqihar has expanded its international business, with over 30% of its operations now overseas, reflecting its competitive position in the global market [10][12]. Group 4: Technological Advancements and Future Outlook - The implementation of smart manufacturing processes at CRRC Qiqihar has led to significant efficiency improvements, with production efficiency increasing by 34% and labor productivity rising fivefold [10][12]. - Qiqihar's recent achievements include the establishment of 35 new national high-tech enterprises and a 9.4% increase in high-tech manufacturing value added, indicating a strong focus on innovation and industrial upgrading [14].

Core Viewpoint - The article highlights the significant trading activity in stocks related to nuclear energy and digital economy sectors, with a focus on the top performers in terms of trading volume and market interest on May 26. Group 1: Nuclear Energy Sector - Rongfa Nuclear Power leads the trading volume with 650,900 shares and a total capital of 403 million yuan, benefiting from its involvement in key nuclear projects like the Huaneng Shidaowan High-Temperature Gas-Cooled Reactor demonstration project [2][3][5]. - Other notable stocks include Shangwei Co. and Hongbo Co., with trading volumes of 289,000 shares and 118,700 shares, respectively, and capital amounts of 216 million yuan and 203 million yuan [2][3][5]. - The sector is experiencing a boost due to recent U.S. administrative actions aimed at reforming nuclear energy regulations, which may accelerate the development of nuclear fusion technology [4]. Group 2: Digital Economy Sector - Stocks such as Zhongke Information and Hongbo Co. are gaining traction, with Zhongke Information focusing on smart governance and urban development, contributing to the digital transformation of traditional industries [7]. - The digital economy segment is also represented by companies like Xiangyou Technology, which supports the postal industry's digital needs, indicating a broader trend towards technological integration in various sectors [7]. Group 3: Trading Activity Insights - A total of 16 stocks had capital exceeding 100 million yuan in trading volume, indicating strong investor interest [3]. - The article notes that institutional investors are actively participating, with significant net purchases in stocks like Xinbang Intelligent and Xingchen Technology, reflecting confidence in these sectors [8].