Jiangsu Libert Inc

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.

The State Council executive meeting approved four nuclear power projects, including the first phase of the Zhuanghe project in Liaoning, totaling eight new units with an overall investment exceeding 170 billion yuan. Boosted by this news, the nuclear energy concept sector strengthened on August 3, with multiple stocks including China Nuclear Engineering, LIBERTY, Jiangsu Shentong, and Zhongyan Technology hitting their daily limit. GF Securities noted that nuclear power approvals have become routine, with eight to eleven units approved annually from 2022 to 2026, and the fifteenth Five-Year Plan period will see a peak in commissioning. However, market expectations fueled by policy tailwinds do not equate to listed companies' performance. Even within the nuclear power concept, corporate results vary. For example, China Nuclear Engineering's first-quarter 2026 revenue and net profit attributable to the parent fell 22.14 percent and 26.93 percent year-on-year respectively, while equipment manufacturer Hailu Heavy Industry saw revenue and net profit rise 6.77 percent and 40.33 percent year-on-year over the same period. Analysts believe the August 3 rally was more of a concentrated pricing of industry outlook expectations, and whether the momentum can be sustained depends on project progress, order realization, and the genuine delivery of profits and cash flow.

Libt announced that the company plans to repurchase shares through centralized competitive bidding, with a buyback amount of no less than 30 million yuan and no more than 60 million yuan, at a price not exceeding 22.8 yuan per share. The buyback aims to safeguard company value and shareholder interests. The repurchased shares will be used for sale, and any unsold portion after the deadline will be canceled in accordance with the law.