On the afternoon of April 18, Premier Li Keqiang presided over the National Energy Commission for the first time, clearly stating that “it is necessary to start new nuclear power projects in the eastern coastal areas in a timely manner on the premise of adopting the highest international safety standards and ensuring safety”. This is another clear statement made by Li Keqiang in the field of nuclear power construction following the proposal of starting a batch of nuclear power projects in the government work report. According to industry analysts, the Prime Minister once again emphasized the start of nuclear power projects, boosting market confidence, and the approval process for new projects is expected to accelerate. However, emphasizing safety and maintaining prudence are still the keynotes for the development of nuclear power. It is expected that there will be no rapid development before the Fukushima accident. Experts from the National Nuclear Technology Committee pointed out that at present many coastal nuclear power units in China are waiting for the construction of roads. Among them, the main equipment of Units 1 and 2 of the Shidaowan Nuclear Power Station in Shandong Province will be in place this year, the 3rd and 4th units of the 3rd project, the 3rd and 4th units of Haiyang Project, the 1st and 2nd units of Xu Dabao Project, and the Lufeng Project. Units 1 and 2, Hongyan River Project No. 5 and No. 6 nuclear power restart business units have all started conditions. Up to now, the number of nuclear power units put into commercial operation in China has reached 18, with a total installed capacity of 15.86 million kilowatts. 30 nuclear power units under construction, most of which started construction before the Fukushima accident, from 2008 to 2010, accounting for about 40% of the nuclear power plants under construction worldwide. Affected by the above factors, the recent nuclear power concept stocks have strengthened.

Japanese nuclear restart stimulus

As one of the most sensitive energy industries in China, nuclear power policy and project approval have received much attention. According to the reporter's understanding, in the "Twelfth Five-Year" development plan for nuclear power, the state will raise the threshold for entry into the nuclear power industry, and increase the evaluation criteria for safety review, and strengthen the regulation and supervision of nuclear power plants that have been built, under construction and prepared. . In 2011, the Fukushima nuclear accident in Japan delayed the development of global nuclear power. China also slowed down the pace of nuclear power development, carried out nuclear power safety inspections, and intensified the relevant regulations and regulatory systems for nuclear power. However, according to the "Twelfth Five-Year Plan" of nuclear power, the long-term direction of China's development of nuclear power will not change, but the previous "positive development" will become "safe and efficient development."

However, some insiders analyzed that the acceleration of domestic nuclear power restart may be stimulated by the Japanese nuclear power restart plan. According to a report by the Kyodo News Agency on April 11, the Japanese government adopted the "Energy Basic Plan" at the cabinet meeting on the same day, positioning the nuclear power as "an important base-load power supply" and indicating the policy of promoting the restart of the nuclear power plant. The successful launch of the plan means that Japan has completely overthrown the goal of "zero-nuclear power in 2030" proposed by the Democratic Noda regime. It is worth pointing out that accelerating the adoption of renewable energy is also one of the main contents of the plan, and the issue of “nuclear waste” is not explicitly mentioned.

This is the first energy basic plan formulated by the government after the Great East Japan Earthquake and the Fukushima nuclear accident. Since the accident of the Fukushima nuclear power accident in March 2011, the continued use of nuclear power has been widely opposed by various circles in Japan. But Japanese Prime Minister Shinzo Abe has clearly stated at the end of 2012 that he intends to restart nuclear reactors that are considered safe under the new rules. Abe said that nuclear power is crucial to maintaining the competitiveness of Japanese industry, because the elimination of all nuclear power plants will require a large write-down and lead to an increase in electricity tariffs. To this end, as early as February of this year, the Japanese government made the above draft plan. "It is very coincidental in time, but after all, it is not easy to determine the guess. However, it is worth mentioning that nuclear power energy is what country wants to master and develop." Unwilling to be named in an interview with this reporter Point out.

Inland restart is still controversial

At present, China is already the country with the largest nuclear power construction in the world. According to the data, as of the end of 2009, the installed capacity of nuclear power in China was 9.08 million kilowatts, a total of 11 units, accounting for only 1.04% of the total installed power generation capacity of the country. The power generation of nuclear power is 70 billion kilowatt hours, accounting for only the total power generation in the country. 1.95%; In 2009, China further accelerated the approval and construction speed of the project. A total of 1.25 million kilowatts of Zhejiang Sanmen, 1.25 million kilowatts of Shandong Haiyang, and 1.75 million kilowatts of nuclear power units in Taishan, Guangdong, were approved for the whole year. The scale was 8.5 million kilowatts and started construction during the year. By the end of 2009, the construction scale of nuclear power construction in the country had reached 20 units and 21.8 million kilowatts. "We should maintain this leading position." Analysts believe that the development of nuclear power is the fundamental way to solve the energy problem. In addition, the current domestic pollution is extremely serious, and the adoption of nuclear power technology can greatly alleviate this dilemma.

However, the question is whether the inland nuclear power should be restarted. If the restart is guaranteed? At the two sessions this year, Zhang Yongxiang, director of the Security Department of the Hunan Mining and Metallurgy Bureau of the Nuclear Industry, said in an interview that Hunan should start inland nuclear power construction as soon as possible to solve the problem. Developing electricity demand and improving the atmospheric environment. Zhang Yongxiang believes that inland nuclear power is not a new thing. Like Binhai Nuclear Power, it is a very mature type of nuclear power.

Among the nuclear power plants in the world, the proportion of inland nuclear power plants is about 50%. For example, inland nuclear power in France accounts for 70% of the total nuclear power, the United States is higher, and inland nuclear power accounts for more than 80%. And overall in good operating condition. "Hunan electric power is mainly hydropower and thermal power. Hydropower resources have been basically developed, and thermal power has to face more and more serious environmental pressures, such as severe haze weather, but also the difficulty of supplying coal during peak hours. As a clean, efficient and stable energy source, nuclear power can effectively solve the energy demand problem in Hunan. Zhang Yongxiang said that with the continuous advancement of nuclear power technology, nuclear power plants will become more and more secure. China's nuclear power, especially new nuclear power, is built according to the highest standards in the world, and safety is completely controllable. However, it is worth mentioning that the AP1000 technology is a big weight to restart inland nuclear power. The AP1000 has not yet been put into production, so it needs to be proved safe by practice. It is safe for the public to see it, so as to convince the public. So everything has to wait for time to test, it is not appropriate to be too hasty. Yang Fuqiang, senior adviser on energy, environment and climate change of the Natural Resources Conservation Association (NRDC), once believed that the development of inland nuclear power should consider the comprehensive energy plan of the region. From the perspective of conventional energy sources, whether there is a gap in the local area or not, There is indeed a need to consider the development of nuclear power. The development of inland nuclear power should be "cautious and cautious."

Business opportunities are still in the equipment market

According to the data, as of November 2011, there are 14 nuclear power units in operation in China with a total installed capacity of 11.88 million kilowatts; there are 27 nuclear power units under construction with a total capacity of 29.89 million kilowatts. In 2012, the “12-five-year plan rolling research report of the power industry” issued by China Electricity Council pointed out that the planned installed capacity of nuclear power in 2020 will reach 80 million kilowatts.

This is twice as high as the plan set in 2007. According to the data of the China Nuclear Energy Association, the number of nuclear power units put into commercial operation in China is currently 17 and the total installed capacity of nuclear power is 14.74 million kilowatts. 28 nuclear power units are under construction, with an installed capacity of more than 30 million kilowatts, ranking first in the world. The completion time is expected to be from 2015 to 2016. By then, China's total installed capacity will be more than 45 million kilowatts, and China will become the third largest nuclear power country in the world. Since the end of 2012, the state has clearly released the approval of new nuclear power projects, Fuqing Nuclear Power Units 5 and 6, Haiyang Nuclear Power Units 3 and 4, Xu Dabao Nuclear Power Units 1 and 2, Lufeng Nuclear Power Units 1 and 2, and three units. The nuclear power projects such as Units 3 and 4 have been carrying out bidding work since 2013. Investment matters are opportunities for A shares. In the investor interaction platform of Jiangsu Shentong (002438, shares), some investors asked the listed company to announce the winning bid for the above project, and Jiangsu Shentong responded with “involved”.

In the context of nuclear power investment is expected to accelerate, various types of investors are beginning to target this field. Because once the investment starts to grow, the rise in the performance of listed companies will become a definite event. Among the listed companies in the A-share market, the nuclear power industry chain has a clear layout. The nuclear island is mainly provided by China Yizhong, Shanghai Electric, Dongfang Electric and other companies; in terms of conventional islands, Dongfang Electric's steam turbine and generator market share accounts for up to 54%; in the steam separator market, Dongfang Electric and Shanghai Electric Works The market share is about 35%; auxiliary equipment mainly includes all kinds of nuclear grade valves. Jiangsu Shentong is a leading enterprise in domestic valves, and its products are used in nuclear grade butterfly valves and nuclear ball valves of nuclear power plants. Nuclear power industry stocks also include China Nuclear Technology, Dunan Environment, China Power Environmental Protection, Nanfeng, and Wal-Mart. Since the beginning of the year, a group of institutional investors have begun to investigate in Jiangsu Shentong. Jiangsu Shentong was once a bull stock of nuclear power. However, in 2011, it suffered a nuclear power crisis. The stock price fell from 45 yuan in the high point to 20 yuan (after reinstatement). Now nuclear power investment is expected to accelerate. Jiangsu Shentong has increased by 25% during the year. However, the organization seems to have doubts about whether nuclear power investment can be accelerated. "We have recently consulted some buyer research, and we have actually investigated it. I feel that it is still a big controversy, so I dare not dare to get involved." A researcher at a public fund in Shanghai Tell the reporter.