China nuclear power domestic demand valve enterprises ready to go

Summary: After the nuclear accident in Fukushima, Japan, in March this year, the State Council suspended the approval of new projects and nuclear power projects that have carried out preliminary work. At the same time, the biggest drop in leading stocks, such as China Nuclear Technology and China First Heavy, exceeded 50%. Today, after six months of adjustment, what new changes have taken place in China's nuclear power valve market?

CNNC is the largest special valve development and manufacturing base and valve export enterprise in China. It is the first listed company in China's valve industry and has always maintained a leading position in the field of special industrial valve manufacturing.

On September 20, the State Nuclear Safety Administration formally issued the “Circular on Approval of the National Nuclear Power Plant Operation Service Technology Co., Ltd. to Expand the Scope of Non-destructive Testing Licenses for Civil Nuclear Safety Equipment”, and approved the National Nuclear Power Station Operation Service Technology Co., Ltd. ) Expand the range of civilian non-destructive testing licenses for nuclear safety equipment, and conduct full-scale non-destructive testing of civil nuclear safety equipment. The sub-projects showed that the operation of the State Nuclear Power will continue to enhance the company's core competitiveness, provide advanced technology and high-quality services for the safety and quality of nuclear power plants, and better implement the national nuclear power operation and service technology strategy.

On the other hand, the development of the "Nuclear Power Safety Plan" is gradually being carried out and it is expected that the draft will be released before the end of the year. At the same time, the "Mid-term and long-term development plan for nuclear power" is being scrutinized and the relevant departments are still working on the "12th Five-Year Plan" for nuclear power equipment manufacturing. With the introduction of a series of plans, the approval of the newly-launched nuclear power projects that had been temporarily suspended may be resumed early next year.

Affected by the policy, China's nuclear power market, such as dry fire, met with fire, burning at a time. This undoubtedly declares that large funds are beginning to refocus on the marginalized nuclear power sector.

CNNC is the largest special valve development and manufacturing base and valve export enterprise in China. It is the first listed company in China's valve industry and has always maintained a leading position in the field of special industrial valve manufacturing. Approved by the Ministry of Finance and the Ministry of Industry and Information Technology, the company, as the undertaking unit of the “Million-kilowatt-level key valve industrialization of nuclear power plants” project, has recently been supported by a national science and technology achievement conversion project grant, with a total of 45 million yuan in subsidies. Among them, 20 million yuan in 2011, and the remaining 25 million yuan for the amount of future subsidies.

Looking again at China First, the first domestic independently developed third-generation AP1000 nuclear power unit, the Shandong Haiyang Nuclear Power Station Reactor Pressure Vessel Project, which was built by the company, has officially started, and the company has produced 8 projects in 9 nuclear power projects under construction in China. The reactor pressure vessels and nuclear power castings and forgings have a prominent position in the field of nuclear power. Shanghai Electron’s Nuclear Power’s nuclear island equipment exceeded 180 billion yuan in orders. Nuclear power nuclear island products cover all nuclear power projects under construction in the domestic market.

Cang Yongbin, chief engineer of the China National Machinery Industry Federation, said at the recent industrial appraisal meeting for nuclear power equipment that while China's nuclear power market was affected by the leakage of Fukushima in the first half of the year, China’s nuclear power development did not stop. China's nuclear power development is in a capacity accumulation period, not a wait-and-see period, nor a stagnation period. The current position is to focus on localization, and the relevant departments are working on localization, adjusting the safety and pace to prepare for the next step in the development of nuclear power. Enterprises are also poised for development, with good quality, stable technology and market development.

The speed of nuclear power construction will undoubtedly drive the sales of nuclear power valves. According to statistics, a nuclear power plant with two 1 million kilowatt units has 30,000 sets of various types of valves. According to the current installed capacity of 9.1 million kilowatts, the planned capacity of 60 million kilowatts will be reached, and the newly installed annual installed capacity will be about 4 million kilowatts, which will require about 60,000 sets of various types of valves and about 850 million sales. In addition, maintenance costs of nuclear power plants spent on valves generally account for more than 50% of the total nuclear power plant maintenance. When the capacity of millions of kilowatt nuclear power motor assembly machines in China reaches 20 million kilowatt hours, the annual maintenance and replacement costs of nuclear power valve will reach 670 million yuan. Yuan Renminbi.

This shows that China's valve products are facing a good opportunity for development. With the shift from oil development to oil fields in the interior and offshore oil fields, and the development of thermal power and hydropower and nuclear power from 300,000 kilowatts to less than 300,000 kilowatts in the power industry, valve products should also change their performance in response to changes in equipment applications. parameter. The other side of energy development is energy conservation. Therefore, from the aspect of energy conservation, we need to develop steam traps and develop them to subcritical and supercritical high parameters.

At the same time, with the development of large-scale power station construction, large-diameter and high-pressure safety valves and pressure-reducing valves are required, as well as fast opening and closing of valves. The needs of complete sets of projects, valve supply from a single species to more varieties and more specifications. The need for a valve for an engineering project is increasingly provided by a valve manufacturer. In general, the encouragement of national policies and the rapid growth of nuclear power valve business will all become the main driving factors for the high growth of China's valve companies in the future.

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