Suzhou Hailu Heavy Industry Co Ltd

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.