Changes in Hong Kong stocks | Shanghai Electric (02727) rose more than 5% in early trading, the company is deeply embedded in the national fusion engineering chain, leading the industry in advanced fission molten salt reactors

The Zhitong Finance App learned that Shanghai Electric (02727) rose more than 5% in early trading. As of press release, it had risen 4.55% to HK$4.37, with a turnover of HK$126 million.

According to the news, according to Shanghai Electric's official WeChat account, Shanghai Electric is the leading manufacturer of high-end equipment in China, and the cumulative total market share of nuclear power equipment during the “14th Five-Year Plan” period ranked first in the industry. At the critical stage of controlled nuclear fusion crossing from scientific feasibility to engineering viability, Shanghai Electric is already deeply embedded in the national fusion engineering chain and has achieved many “0 to 1” breakthroughs. Among them, Shanghai Electric successfully developed the world's largest TF coil box for the country's major scientific and technological infrastructure, the Fusion Reactor Main Key System Comprehensive Research Facility (CRAFT). Its size and performance surpass the similar structure of the international ITER project, demonstrating the extreme capabilities of high-end Chinese manufacturing.

Furthermore, during the period when nuclear fusion was not yet commercially available, Shanghai Electric simultaneously promoted the industrialization of fourth-generation nuclear energy systems, and in particular made substantial progress in the field of thorium-based molten salt reactors (TMSR). Shanghai Electric's unique advantage is that it fully covers all four generation nuclear power technology routes, including thorium-based molten salt reactors, sodium-cooled fast reactors, and high-temperature air-cooled reactors. According to Huatai Securities's latest research report, thorium-based molten salt reactors are expected to achieve demonstration applications around 2030, and Shanghai Electric will become the core beneficiary of this track with its first-mover advantage and complete manufacturing capacity.