The hottest nuclear power plant in China is under

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The world's top 10 shares of China's nuclear power plants under construction are about to be launched

authorities said a few days ago that China's nuclear power plants under construction are the world's largest and are accelerating the construction of inland nuclear power plants. Relevant concept stocks deserve attention

authorities said a few days ago that China's nuclear power plant under construction ranks first in the world and is accelerating the construction of inland nuclear power plants. Relevant concept stocks deserve attention

the scale of nuclear power plants under construction in China remains the first in the world.

at the 2013 annual meeting of the China Nuclear Energy Industry Association held recently, Zhang Huazhu, chairman of the China Nuclear Energy Industry Association, made a report on the work of the Council, which revealed that at present, there are 29 nuclear power units under construction in China, and the scale under construction continues to remain the first in the world. In the future, the work direction of the nuclear energy industry also includes accelerating the construction of inland nuclear power

the meeting reported that at present, 16 nuclear power units in mainland China have been put into commercial operation, with a total installed capacity of 13.62 million KW. In 2012, the nuclear power generation was 98.317 billion kwh, an increase of 12.75% over 2011, accounting for 1.97% of the total national power generation and 9.22% of the national clean energy power generation. According to the performance indicators specified by the World Association of nuclear power operators (WANO), among the more than 400 operating units in the world, the operation level of China's in-service nuclear power units is generally above the medium level

since the executive meeting of the State Council deliberated and adopted three plans on October 24 last year, including the 12th Five Year Plan for nuclear safety and prevention of radioactive pollution and 2020 Vision, the nuclear power safety plan (2011-2020) and the adjusted medium and long term development plan for nuclear power (2011-2020), China's nuclear power has steadily resumed normal construction. So far, the construction of four units, including Fuqing No. 4, Yangjiang No. 4, Shandong Shidaowan high temperature gas cooled reactor nuclear power plant demonstration project, and Tianwan nuclear power phase II project unit 1, has started successively. Among them, Tianwan nuclear power phase II unit 1 became the first new nuclear power project approved by the State Council after the Fukushima nuclear accident in Japan. At present, there are 29 nuclear power units under construction in China, with an installed capacity of 31.66 million KW, and the scale under construction continues to remain the first in the world

although China's nuclear power construction has resumed, considering the importance attached by governments at all levels and the public to nuclear safety, the keynote after the restart is still based on high efficiency and safety, and inland nuclear power projects are still shelved during the "12th Five Year Plan"

however, at this meeting, Zhang Huazhu pointed out that it is necessary to further enhance the ability to cope with social risk management and accelerate the construction of inland nuclear power plants. At the same time, it also said that we should actively deal with the impact of the adjustment of the speed of nuclear power development on the nuclear power equipment manufacturing industry, and improve the autonomy and level of China's nuclear power equipment; Further carry out international cooperation in nuclear energy

Dongfang Electric (600875): institutions are unanimously optimistic about the nuclear power business

the 2010 semi annual report of Dongfang Electric, the leader of domestic power generation equipment, was released yesterday. In the first half of the year, the company achieved a total operating revenue of 16.911 billion yuan and created a net profit of 1.002 billion yuan, an increase of 50.16% over the same period last year. From the perspective of revenue composition, thermal power business is still the "main force" of the company's overall revenue, accounting for more than 60% of the total revenue (10.302 billion). At the same time, the positive impact of nuclear power business on the company's revenue is also increasingly reflected

the operating revenue of Dongfang Electric increased by 8.93% year-on-year, mainly due to the year-on-year increase in the sales revenue of thermal power and nuclear power products, of which thermal power increased by 307 million yuan year-on-year, while nuclear power increased by 922 million yuan year-on-year to 1.461 billion yuan, an increase of 171%. Moreover, due to the rapid growth of gross profit margin of nuclear power and wind power compared with the same period of last year, and the significant increase of nuclear power sales revenue, Dongfang Electric's comprehensive operating profit margin in the first half of the year also increased by 2.56 percentage points. According to the company, nuclear power accounted for 16.3% of the 21.25 billion new orders in the first half of the year

in fact, it is not difficult to find that relevant institutions are optimistic about the development prospect of the company's nuclear power business by consulting the recent research reports of securities companies. According to the latest research report of Guohai Securities, the nuclear power business will be the growth point of Dongfang Electric's performance in the second half of the year. At present, the company's nuclear power orders on hand are 40billion. It is expected to achieve sales of 5billion this year and 10billion in 2011. According to the 5trillion new energy plan recently issued by the national energy administration, an additional 5trillion yuan will be invested in nuclear power, wind power, smart power, clean energy and new energy, which is undoubtedly a major beneficiary for Dongfang Electric, which has wind power and nuclear power business. In addition, since the rapid rise of the contribution of nuclear power business to profit growth was earlier than its expectation, Gaohua securities also upgraded the investment rating of Dongfang Electric in June this year

in this context, institutional investors represented by funds mostly adopted the operation strategy of increasing positions or holding fixed shares in Dongfang Electric in the second quarter. The semi annual report shows that except for major shareholders and Hong Kong Central Clearing, the remaining eight circulating shareholders of the company are still occupied by institutions. Compared with the first quarter, BOCOM Schroder increased its holdings most actively. As of the end of June, three funds had settled, two of which had significantly increased their positions; The small and medium Cap Fund of ABC Huili also recently "entered" in the second quarter with a shareholding of 4million shares; In addition, the third largest circulating shareholder Huaxia advantage growth (Aiji, net worth, information) fund holdings have not decreased. As the institutions can use N68 precision machine tool hydraulic oil to increase their positions significantly, the "threshold" of the top ten circulating shareholders of Dongfang Electric has also increased from 3.7 million shares in the first quarter to 4million shares

China Yizhong (601106): the nuclear power business has increased 17 times

similar to Dongfang Electric, China Yizhong's nuclear power business is also regarded as a bright spot for future development by the outside world. Although the company's operating revenue fell by 27% year-on-year in the first half of this year, its nuclear power equipment business revenue bucked the trend and increased by 17 times year-on-year, reaching 318 million yuan

it is understood that China Yizhong is the earliest and largest manufacturer of nuclear pressure vessels in China, and it is also the enterprise with the most orders in hand at present. The company occupies about 80% of the domestic market share of nuclear reactor pressure vessels. In terms of the nuclear forging Market, the company has a share of about 80% - 90%, forged the world's first 5.75-meter-diameter megawatt nuclear power evaporator cone, and took the lead in manufacturing a complete set of forgings for the AP1000 nuclear island of the world's first third-generation nuclear power plant in China

although China First Heavy Industry Group Co., Ltd. was listed in February this year, from the shareholders' information disclosed in its first quarterly and semi annual reports, institutional investors such as funds and securities companies have built positions on a large scale after the listing of the company. Not only that, the "Ping'an series" insurance capital and Founder Securities, which obtained a large number of shares held by China First Heavy Industry Group Co., Ltd. through placement, have not sold any shares after the lifting of the shareholding ban. Therefore, it is inferred that, The primary purpose of its investment in China should not be short-term profits, but value investment

BOC International has pointed out that the company's second-generation plus nuclear power forgings have achieved mass production, the development of the third-generation AP1000 nuclear power forgings has been successful, and the major national large-scale advanced pressurized water reactor project has completed phased tasks. It is expected that in 2010 and before the toothbrush leaves the factory, what physical performance tests will be required to meet the standards? 2011 will be a stage of explosive growth in the business of nuclear power equipment, and the revenue of nuclear power equipment will account for nearly 18% in 2010, In 2011, the revenue of nuclear power equipment will account for 30%. It is expected that nuclear power equipment and large castings and forgings will become the main engine of the company's future profit growth

Jiangsu Shentong (002438): Huaxia Fund lightning entered

as a monopoly supplier of nuclear power ball valve and butterfly valve products, the company has been operating at full capacity for two consecutive years, and the company has almost monopolized the domestic nuclear power ball valve and butterfly valve market. At the beginning of this month, the company was determined as the bid winner of the lot190f nuclear island butterfly valve project of Guangdong Yangjiang nuclear power plant unit and Guangxi Fangchenggang nuclear power plant unit 1 and 2 by China Guangdong Nuclear Engineering Corporation, with a bid winning amount of 126 million yuan. Founder Securities has published a research report on this, pointing out that with the rapid development of the nuclear power industry and the optimization and adjustment of the company's business structure, the proportion of Jiangsu Shentong nuclear power business revenue has increased from 4.99% in 2007 to 26.89% in 2009. It is estimated that the annual revenue of the company's nuclear power business will be 147 million yuan, 250 million yuan and 357 million yuan respectively, with a compound growth rate of 68.27%. At the same time, the proportion of revenue will rapidly increase from 26.89% in 2009 to 60.66% in 2012. Considering the broad market prospect of the nuclear power industry, the certainty of rapid development and the potential for rapid growth of the company's future performance with the release of the capacity of the raised investment projects, the company's performance is likely to further exceed expectations

the unique positioning of Jiangsu Shentong in the field of nuclear power has also attracted the attention of institutions. The company's semi annual report shows that although it was listed only on June 23, five institutions, including Huaxia Industry select fund, Western securities and Oriental Securities, purchased company shares ranging from 300000 to 720000 in just six trading days, which shows the degree of popularity

Hailu heavy industry (002255): steady growth in its main business, smooth expansion of nuclear power business

key points of investment:

the company achieved operating revenue, operating gross profit and net profit of 48996.90, 128.3671 and 57.5664 million yuan respectively in the medium term, with a year-on-year increase of 5.24%, 23.61% and 29.30% respectively; The medium-term gross profit margin and net profit margin were 26.20% and 11.75% respectively, with a year-on-year increase of 3.89 and 2.19 percentage points respectively. The medium-term EPS is 0.45 yuan

the increase in medium-term profitability is mainly due to: (1) in the downstream composition of waste heat boiler with revenue accounting for 73.73%, the proportion of nonferrous metals with high gross profit rate increased, and the gross profit rate increased by 2.88 percentage points

(2) the gross profit margin of nuclear power equipment with revenue accounting for 1.2% was as high as 70.4%, while the business did not realize revenue in the same period last year. (3) The gross profit margin of pressure vessels with revenue accounting for 22.21% increased by 2.38 percentage points

new orders received by main businesses in the first half of the year: (1) coking and 2 The gap between the damping pin and the damping hole of the oil delivery valve is too small, and the order receiving of waste heat boilers in the iron and steel industry has declined significantly, while the non-ferrous industry has increased. (2) The processing business of nuclear power equipment is still dominated by high gross margin. (3) There are few pressure vessels, and it is expected that there will be more in the second half of the year

focus on new business development: Suzhou sea land Environmental Energy Engineering Co., Ltd. was established in a joint venture with Jiangsu Lianfeng to carry out waste heat utilization engineering design, contract installation and other businesses. Both parties of the joint venture have manufacturing and market advantages respectively. At present, there is a steel sintering and desulfurization order from Yonggang, worth more than 100 million yuan. The domestic steel sintering desulfurization market was only launched in 2009, and it is still a good time for the company to enter at this time

in 2010, due to capacity constraints, the growth of nuclear power equipment mainly depended on digesting existing orders; The growth of pressure vessels was mainly from the revenue recognition of delivered orders of Nanjing coal; Affected by the decrease in orders from the coking and steel industries, the waste heat boiler was basically the same as last year

in general, hand-held orders are still relatively full. The annual EPS is expected to be 1.11, 1.40 and 1.74 yuan respectively, maintaining the target price of 39 yuan and neutral rating. (Guotai Junan lvjuan)

Fangda carbon (600516): new carbon materials have become the focus of development. Buy

the company focuses on developing new carbon materials. The company has maintained pressure on the carbon industry, and "protection" is to ensure the rapid development of new carbon materials represented by special graphite. The company's special graphite business promotes industrial development through acquisition and self construction. The company's self built 4000 ton special graphite project that can produce nuclear power graphite will be put into operation in September; The isostatic graphite business developed through the acquisition of Chengdu carbon is in the production expansion period. Now it has a capacity of 4000 tons of isostatic graphite and 12000 tons of special graphite. "Pressure" traditional carbon business represented by graphite electrode

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