RongFa Nuclear Equipment Co., Ltd.
融发核电
002366
Shenzhen Stock Exchange
Company Profile
1. Possession of Advanced Material Manufacturing Technologies The manufacturing of nuclear power equipment represents the high-end sector within the equipment manufacturing industry. The technologies and processes required for producing nuclear-grade materials, castings, and forgings are also at the industry's pinnacle. Through years of technology introduction, independent research and development, and innovation, the company has progressively established an integrated system of proprietary intellectual property rights, technical systems, and process routes covering key technologies such as smelting, refining, casting, forging, ring rolling, heat treatment, machining, welding, and non-destructive testing. Notable achievements include mastering the smelting process for 150-ton large-scale stainless steel electroslag ingots; integral casting technology for Generation III austenitic steel main pump casings; material manufacturing technology for Generation IV High-Temperature Gas-Cooled Reactor (HTGR) pressure vessel/steam generator forgings; material manufacturing technology for Generation IV Fast Reactor evaporator tube sheet forgings; casting technology for large seawater circulation pump impellers made of super duplex steel; manufacturing technology for large support nodes in marine engineering equipment; manufacturing technology for ultra-high pressure vessels; and material manufacturing technology for ultra-supercritical thermal power turbine rotors, among other high-end material manufacturing technologies. 2. Possession of Core Equipment Manufacturing Technologies The most significant driver influencing the company's performance during the reporting period was the structural transformation of its product portfolio. Through years of technological accumulation, innovation, and the implementation of a strategy to introduce advanced foreign technologies, the company has mastered core advanced equipment manufacturing technologies, achieving a transition from singular material R&D and production to high-end equipment manufacturing. Key core equipment manufacturing technologies include: firstly, full-process manufacturing technology for Generation II+ nuclear main coolant lines; secondly, full-process manufacturing technology for Generation III main coolant lines, covering all current domestic mainstream technology routes such as Hualong One, AP1000, and CAP1400; thirdly, key equipment manufacturing technology for small modular reactor (SMR) nuclear island main equipment like HTGRs/Fast Reactors, enabling modular manufacturing of pressure vessels, pressurizers, steam generators, and main coolant lines; fourthly, complete mastery of spent fuel storage and transportation container manufacturing technology and nuclear waste reprocessing system equipment manufacturing technology through the introduction, digestion, and absorption of advanced technologies; fifthly, utilization of the world's largest ring rolling equipment to achieve batch and near-net-shape manufacturing of HTGR pressure vessel and steam generator forgings; sixthly, adoption of ring rolling technology to realize the manufacturing of Hualong One vessel-class forgings. 3. Possession of Equipment Manufacturing Licenses China implements a strict license management system for the design and manufacturing activities of nuclear safety equipment. Entities engaged in manufacturing nuclear-grade products listed in the Catalog of Civil Nuclear Safety Equipment must apply for and obtain a manufacturing license. Applicants must possess a strictly standardized nuclear quality assurance system, reliable production capacity, and a proven track record of excellent supply. Manufacturing licenses are granted only after undergoing rigorous review processes by the National Nuclear Safety Administration (NNSA), including document assessment, on-site mock-up production review, and expert panel evaluation. The company has strictly established and ensures the effective operation of a nuclear quality assurance system in accordance with relevant regulatory document requirements. Currently, the company has obtained all necessary manufacturing licenses for Generation II main coolant line production, manufacturing licenses for Generation III main coolant lines and pump/valve castings, as well as production qualifications for casting main pump casings for relevant reactor types. Regarding petroleum equipment manufacturing qualifications, the company has obtained API Q1 certification. It has acquired the GB/T19001 Quality Management System certificate issued by Beijing Guojin Hengxin Management System Certification Co., Ltd., and the GB/T19001 Quality Management System certificate, GB/T24001, and GB/T28001 system certificates issued by TUV. The company has established management systems compliant with the HAF003 Nuclear Quality Assurance Regulations, IAEA 50-C/SG-Q Nuclear Quality Assurance Standards, GB/T19001-2008 Quality Management System, GB/T24001-2004 Environmental Management System, GB/T28001-2011 Occupational Health and Safety Management System, TSG Z0004-2007 Special Equipment Quality Assurance System, API Q1 American Petroleum Institute Quality Management System, ASME Boiler and Pressure Vessel Code Nuclear Quality Assurance System, ASME Section VIII Division 1 Boiler and Pressure Vessel Code Quality Control System, and China Classification Society Quality Management System, among others. The acquisition of this series of qualification certificates and the establishment of these quality systems have laid a solid foundation for the company to successfully expand into domestic and international markets. Furthermore, regarding international market qualifications, the company has obtained the ASME U Stamp, ASME NPT Stamp, and NS Certificate issued by the American Society of Mechanical Engineers (ASME). These qualification advantages help the company establish high entry barriers in its fields of operation, maintain, consolidate, and enhance its existing leading market position. Additionally, the company has obtained relevant quality system certificates and manufacturing licenses required for special product manufacturing, which will further enhance its competitiveness in the nuclear power and special products sectors. 4. Possession of a Comprehensive Quality System The company has established and effectively implements a complete nuclear quality assurance system. This system is established and implemented in accordance with nuclear safety laws and regulations, the Regulations on Quality Assurance for Safety in Nuclear Power Plants (HAF003) and its guides, and standard requirements. Since the establishment of its nuclear quality assurance system, the company has strictly adhered to nuclear safety laws and regulations, the nuclear power philosophy of "everything shall be based on procedures, everything shall be assigned responsibility, everything shall be supervised, and everything shall be documented," and the requirements of the company's Nuclear Quality Assurance Manual for manufacturing nuclear-grade products. It effectively operates the nuclear quality assurance system and has obtained the relevant permits from the NNSA for its manufacturing scope.
Full description
Rongfa Nuclear Equipment Co., Ltd. (formerly known as Sichuan Danfu Refrigeration Compressor Co., Ltd. In 2015, Yantai Taihai Mannur Nuclear Power Equipment Co., Ltd. completed a backdoor listing by acquiring Danfu shares), abbreviated as "Rongfa Nuclear" or "RFNE", is listed on the Shenzhen Stock Exchange with stock code: 002366.Rongfa Nuclear currently has the following first-tier wholly-owned subsidiaries: Yantai Taihai Mannur Nuclear Power Equipment Co., Ltd., Deyang Rongfa Energy Equipment Co., Ltd., Qingdao Rongfa Assembly Technology Support Center Co., Ltd., and Shandong Rongfa New Energy Equipment Research & Design Institute Co., Ltd. Its second-tier wholly-owned subsidiaries include Yantai Taihai Materials Technology Co., Ltd. and Yantai Mannur Nuclear Power Testing Technology Co., Ltd. Its controlled subsidiaries include Shandong Rongfa Shuhai Intelligent Equipment Co., Ltd. and Yantai Mannur High-Temperature Alloy Co., Ltd. Founded in December 2006, THM is a high-tech enterprise specialized in R & D and production of nuclear power equipment and high-end equipment materials. It focus on the production of advanced equipment and material as well as services for nuclear power, energy, shipping, metallurgy, petrochemical, marine engineering , aviation, high-speed railway, nuclear reprocessing and other areas. It is the only manufacturer in the world capable of producing primary pipelines both for the second-and-plus generation NPP and for third-generation NPP. It is also the first manufacturer in the world to have the full production capacity of primary pipeline for the third generation of nuclear power plants. Strong technical R&D and process: technological innovation and product development has been deemed as the core of the company's development strategy. After years of technology introduction and independent research and development, the company has gradually formed an independent intellectual property system, technology system and process routes, covering refining, casting, forging, heat treatment, machining, welding, testing and other key technologies. The sound quality assurance system: the company has established a sound quality assurance system, in accordance with quality assurance system, guidance and standards such as HAF, HAD, RCC-M, ASME, ISO9000, and continue to improve its quality assurance system in actual operation. Comprehensive qualifications: The Company’s manufacturing license for civil nuclear safety equipment covers Nuclear Safety Class 1 RCL (casting), RCL (forging), pump and valve castings, and support castings. It also owns NPT, NS and U stamping license and certificates issued by ASME. All these qualifications can help the company to establish a higher barrier to entry its field, and maintain, consolidate and enhance its existing dominant market position. The company has already obtained the relevant quality system certificate and qualification registration required for the manufacture of special products, which will further enhance the Company's competitiveness in the field of relative products.