Shanghai Electric's stock price surged 5.08% during intraday trading on Friday, reflecting strong investor interest in the company.

The movement appears to be driven by positive developments in the controlled nuclear fusion sector, which continues to gain momentum following China's achievement of thorium-uranium conversion in its fourth-generation thorium-based molten salt reactor. As the only domestic enterprise covering all four generations of nuclear power technology routes, Shanghai Electric is particularly well-positioned to benefit from this trend.

The company has achieved significant technological breakthroughs, including in 700°C high-temperature molten salt corrosion protection technology, and maintains a substantial order backlog extending through 2028. Shanghai Electric's deep involvement in national key fusion projects such as ITER and BEST, where it has successfully delivered multiple globally first-of-a-kind core equipment, further strengthens its competitive position in this growing sector.