SH ELECTRIC's stock price surged 5.23% during intraday trading on Wednesday, continuing its recent upward momentum in the market.
The significant gain follows news that China's fourth-generation nuclear fission reactor, the thorium-based molten salt reactor, was officially completed and achieved thorium-uranium conversion, making it the world's only operational molten salt reactor. SH ELECTRIC, as the sole domestic enterprise covering all fourth-generation nuclear technology routes, leads the development of secondary molten salt heat exchange systems and has achieved breakthroughs in 700°C high-temperature molten salt corrosion protection technology with equipment meeting ASME nuclear safety standards.
Additionally, the company's order backlog extends to 2028, and continued delivery of nuclear fusion equipment is further supporting positive market sentiment toward the stock.