Stock Track | Shanghai Electric Soars 5.11% Intraday on Nuclear Fusion Breakthroughs and Technology Leadership

Stock Track05-20

Shanghai Electric's stock price surged 5.11% during intraday trading on Wednesday, significantly outperforming its sector peers.

The rally is driven by major developments in the high-value controlled nuclear fusion sector, including the landmark completion of China's thorium-based molten salt reactor and its achievement of thorium-uranium conversion. As the only domestic enterprise covering all fourth-generation nuclear power technology routes, Shanghai Electric is attracting concentrated investor interest.

The company has secured a competitive edge with a breakthrough in 700°C high-temperature molten salt corrosion protection technology and has orders booked through 2028. Its deep involvement in national key fusion projects like ITER and BEST, along with the successful delivery of multiple globally first-of-their-kind core equipment units, further solidifies its market position. Additionally, the intensifying global gas turbine supply bottleneck is expected to accelerate growth in the company's related business segment.

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