Core Insights - Lanzhou Lanshi Heavy Equipment Co., Ltd. signed a contract with China Nuclear Engineering Co., Ltd. worth 581 million yuan (including tax) to provide main process equipment for nuclear energy projects, marking a significant breakthrough in the nuclear energy sector [1] - The contract is expected to support the company's operational performance from 2025 onwards, enhancing its market share and core competitiveness in the nuclear energy field [1] Company Overview - Founded in 1953, Lanzhou Lanshi Heavy Equipment has been a pioneer in the petrochemical equipment manufacturing sector, with a focus on energy equipment across traditional and renewable energy, industrial intelligent equipment, and energy conservation [2] - The company has a comprehensive nuclear energy product range covering upstream nuclear-grade materials, nuclear fuel equipment, midstream nuclear power plant equipment, and downstream spent fuel recycling and nuclear environmental protection equipment [2] - The company has seen a continuous increase in nuclear energy orders, with a 32.16% year-on-year growth in new orders amounting to 306 million yuan in the first half of the year [2] Strategic Developments - The company is investing in enhancing its nuclear power equipment production capacity through the establishment of new heavy-duty workshops and the installation of advanced core equipment [2] - The company aims to leverage favorable policies in the nuclear energy market to deepen its development in the third-generation nuclear power equipment market and accelerate the exploration of fourth-generation nuclear equipment and spent fuel processing [3]