China Nuclear Engineering Co

Nuclear power concept stocks were active in early trading on August 3, with Jiusheng Electric hitting the 20% daily limit up. More than ten stocks, including China Nuclear Engineering, Jiangsu Shentong, Hefei Metalforming Intelligent Manufacturing, Baili Electric, and LBT, also hit their daily limit up. Hahang Huatong, Changfu Shares, Rich Intelligence Manufacturing, and Tianli Composite all rose over 10%. On the news front, the State Council executive meeting held on July 31 decided to approve four nuclear power projects, including the first phase of the Liaoning Zhuanghe project, totaling eight new units. Specifically, these include Units 3 and 4 of the second phase of the Zhejiang Jinqimen nuclear power project, Units 5 and 6 of the third phase of the Guangdong Taipingling nuclear power project, Units 1 and 2 of the first phase of the Liaoning Zhuanghe nuclear power project, and Units 1 and 2 of the first phase of the Shandong Laiyang nuclear power project. A research report from Caitong Securities pointed out that this approval confirms the trend of large-scale and regularized nuclear power construction during the 15th Five-Year Plan period, with the sector's medium- to long-term prosperity and growth certainty continuing to strengthen. Nuclear power equipment and engineering construction segments are expected to be the first to benefit from order releases. The Wind Nuclear Power Index has fallen nearly 12% cumulatively this year. Among the 43 nuclear power concept stocks, only five—Guangzhi Technology, Yongding Co., Ltd., Orient Zirconic, and CGN Power—have seen cumulative gains exceeding 10% this year. As of July 30, the margin trading balances of eight of the 43 nuclear power concept stocks had increased compared to the end of last year, with Yingliu Electromechanical, Huaneng Power International, and Yongxing Special Materials Technology leading the gains.

The State Council executive meeting decided to approve four nuclear power projects totaling eight units: the second phase of the Jinqimen Nuclear Power Plant in Zhejiang, the third phase of the Taipingling Nuclear Power Plant in Guangdong, the first phase of the Zhuanghe Nuclear Power Plant in Liaoning, and the first phase of the Laiyang Nuclear Power Plant in Shandong. This marks the first nuclear project approval of 2026 and the first batch approved during the 15th Five-Year Plan period. Total investment for these new projects will exceed 170 billion yuan. Boosted by the news, the nuclear power concept sector in the A-share market surged against the overall market trend. China Nuclear Engineering, LBT, Jiangsu Shentong, and Zhongyan Technology hit their daily limit up, while Western Metal Materials, Dongfang Electric, and China National Nuclear Corporation Technology followed with gains. China Galaxy Securities estimates that the eight domestically produced million-kilowatt third-generation nuclear units involve investment of over 170 billion yuan, which could drive total output of related industrial chains to approximately 500 billion yuan, directly benefiting the entire chain including nuclear equipment manufacturing, nuclear island construction, nuclear fuel cycle, and operation and maintenance. Caitong Securities believes this approval confirms the trend of large-scale and regularized nuclear power construction during the 15th Five-Year Plan period, continuously strengthening the sector's medium- to long-term prosperity and growth certainty.

On August 3, major A-share indexes fluctuated near their lows in the morning session. By the midday break, the Shanghai Composite Index was down 0.59%, the Shenzhen Component Index fell 0.45%, the ChiNext Index lost 0.44%, and the STAR 50 Index dropped 3.73%. Nuclear power concept stocks triggered a wave of limit-up moves. Jiusheng Electric and Ruidi Zhiqu soared by the 20% daily cap, while China Nuclear Engineering and several others also hit limit-up. The news came after a State Council executive meeting approved four nuclear power projects totaling eight new units, including the first phase of the Zhuanghe project in Liaoning. Commercial aerospace stocks saw localized gains, with Shenjian Corporation among those hitting limit-up, as LandSpace locked in the launch window for its Zhuque-3 Y2 rocket for August 2026. AI application favorite Chuanzhi Education opened limit-up and extended its winning streak to six straight sessions. The company expects to swing to a profit in the first half, with net profit between 28 million and 40 million yuan, representing year-on-year growth of 488% to 655%.

China Nuclear Engineering announced that it has received a State-owned Assets Supervision and Administration Commission approval forwarded by its controlling shareholder. The SASAC has in principle agreed to the company's plan to issue no more than 407.18 million A-shares and raise no more than 4 billion yuan. The matter still requires approval from the company's shareholders' meeting, review by the Shanghai Stock Exchange, and registration consent from the China Securities Regulatory Commission before implementation.