East China CNC 300 million investment nuclear equipment

East China Numerical Control (002248, closing price 39.28 Yuan) 14th announced that the company plans to invest a huge sum of 300 million yuan in Shandong province Weihai set up a production-oriented enterprises, tentative name: Weihai Huadong nuclear Power Equipment Co., Ltd. (hereinafter referred to as "East China Nuclear Power").　　The scope of production and operation is: nuclear, petroleum, chemical, marine engineering, heavy precision parts and equipment manufacturing and sales. Yesterday, the company said in the announcement, the establishment of East China nuclear power is the full use of East China CNC and the company holding subsidiary of Weihai East China Heavy industry has advanced heavy precision equipment production technology and large parts cold processing and welding technology, as well as after years of development and accumulation of mechanical processing, assembly,　　Welding and other processes of manufacturing capacity and human resources advantages. Before the company in East China Heavy Project investment is focused on the nuclear power industry downward extension of the domestic and foreign nuclear power industry, such as large-scale, precision and other parts of the production and processing business, and gradually become the nuclear power industry supporting processing enterprises for nuclear power, wind power supply parts.　　Through this investment, the company in the integration and improvement of the industrial chain above further, it also shows the company's confidence in the development of nuclear power industry. Dongxing Securities that the future 10 years of nuclear power development space, in accordance with the 2020 nuclear power installed capacity of the national total installed power capacity of 5% target, the need for new nuclear power installed 80 Million-kilowatt, according to 15,000 yuan/kilowatt cost calculation, nuclear power construction investment in about 1.2 trillion, equipment and fuel procurement accounted for total investment 50%, Localization rate of 80%, domestic nuclear power equipment market demand for the amount of 480 billion yuan. The company's complete structure and industrial chain will bring more new growth points to the nuclear power market profits cake. GF Securities gave the unit a "buy" rating.