Market Overview - The other electronics sector experienced a decline of 1.76% on July 30, with Xuguang Electronics leading the drop [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Stock Performance - Notable gainers in the other electronics sector included: - Jiemai Technology (002859) with a closing price of 25.01, up 2.21% [1] - Baibang Technology (300736) at 11.41, up 1.15% [1] - Yuanwanggu (002161) at 7.91, up 1.02% [1] - Conversely, Xuguang Electronics (600353) saw a significant decline of 6.37%, closing at 12.65 [2] - Other notable decliners included: - Guoli Co., Ltd. (688103) down 4.01% [2] - Ruikeda (688800) down 3.64% [2] Trading Volume and Capital Flow - The total net outflow of main funds in the other electronics sector was 710 million yuan, while retail investors saw a net inflow of 597 million yuan [2] - The trading volume for Jiemai Technology was 197,700 hands, with a transaction amount of 489 million yuan [1] - Xuguang Electronics had a trading volume of 713,900 hands, with a transaction amount of 2.616 million yuan [2] Fund Flow Analysis - Key fund flow data indicated: - Xiangnan Chip Innovation (300475) had a main fund net inflow of 14.8 million yuan, but a net outflow from retail investors of 27.3 million yuan [3] - Yuanwanggu (002161) saw a main fund net inflow of 13.3 million yuan, with a retail net inflow of 241,330 yuan [3] - Baibang Technology (300736) had a main fund net inflow of 5.4 million yuan, but a net outflow from retail investors of 330,770 yuan [3]

Core Viewpoint - The A-share market experienced a significant decline in military stocks, with several companies hitting their daily limit down or showing substantial losses [1][2]. Company Performance Summary - **Shenli Co., Ltd. (603819)**: Closed down 10.01%, total market value at 2.896 billion, year-to-date increase of 8.12% [2]. - **Jianshe Industry (002265)**: Near limit down at -9.30%, total market value at 40.4 billion, year-to-date increase of 67.98% [2]. - **Guotou Intelligent (300188)**: Decreased by 8.65%, total market value at 15.4 billion, year-to-date increase of 30.17% [2]. - **China Electric Xilong (002298)**: Dropped by 6.72%, total market value at 5.447 billion, year-to-date increase of 38.35% [2]. - **Fiyada (000026)**: Fell by 5.31%, total market value at 6.87 billion, year-to-date increase of 68.00% [2]. - **Liujiu 12 (301592)**: Decreased by 5.21%, total market value at 11.2 billion, year-to-date increase of 10.66% [2]. - **Boyun New Materials (002297)**: Down by 5.09%, total market value at 5.559 billion, year-to-date increase of 40.99% [2]. - **Xuguang Electronics (600353)**: Dropped by 5.03%, total market value at 10.6 billion, year-to-date increase of 78.72% [2]. - **Hongdu Aviation (600316)**: Decreased by 4.96%, total market value at 30.4 billion, year-to-date increase of 31.92% [2]. - **Inner Mongolia First Machinery (600967)**: Fell by 4.63%, total market value at 35 billion, year-to-date increase of 143.18% [2]. - **Midian Co., Ltd. (600184)**: Decreased by 4.38%, total market value at 11.5 billion, year-to-date increase of 90.60% [2]. - **Kaige Precision Machinery (301338)**: Dropped by 4.24%, total market value at 4.992 billion, year-to-date increase of 51.17% [2]. - **Modern Gold (300830)**: Fell by 4.12%, total market value at 4.405 billion, year-to-date increase of 26.09% [2]. - **Changwo Tong (688143)**: Decreased by 4.01%, total market value at 5.101 billion, year-to-date increase of 89.51% [2].

Group 1 - The A-share CPO sector has experienced a short-term decline, with Shijia Photon falling over 7% [1] - Other companies such as Jingwang Electronics, Shengyi Electronics, Xinyi Sheng, and Xuguang Electronics also saw a decline in their stock prices [1]

证券代码：600353 证券简称：旭光电子 公告编号：2025-035 成都旭光电子股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年07月29日 (二)股东大会召开的地点：成都市新都区新工大道318号旭光电子办公楼三楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长刘卫东主持会议，采用现场记名投票和网络投票相结合，表决 方式符合《公司法》及《公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席6人，独立董事赖传锟及贾申利、董事张纯因工作原因未出席本次会议； 2、公司在任监事3人，出席2人，监事黄生堂因工作原因未出席会议； 3、董事会秘书出席了本次会议；部分高管列席了本次会议。 二、议案审议情况 ...

Meeting Details - The shareholders' meeting of Chengdu Xuguang Electronics Co., Ltd. was held on July 29, 2025 [1] - The meeting took place at the company's office located at No. 318, Xinguang Avenue, Xindu District, Chengdu [1] - The attendance rate of ordinary shareholders and preferred shareholders with restored voting rights was 42.8107% [1] Voting Process - The meeting was convened by the board of directors and chaired by Chairman Liu Weidong, utilizing a combination of on-site and online voting methods [1] - The voting method complied with the Company Law and the Articles of Association [1] Proposal Review - Non-cumulative voting proposals were approved with the following results: - A-share approval votes totaled 354,746,842, representing 99.8390% - Dissenting votes were 356,960, accounting for 0.1004% - Abstentions were 214,920, which is 0.0606% [1] Legal Verification - Lawyers Zhu Xueqi and Wei Lin from Tianyuan Law Firm confirmed that the meeting's convening and procedures complied with legal and regulatory requirements [1]

Core Viewpoint - The legal opinion confirms that the second extraordinary general meeting of shareholders of Chengdu Xuguang Electronics Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its outcomes [2][3][6]. Group 1: Meeting Procedures - The meeting was announced on July 8, 2025, with details regarding the date, time, location, agenda, voting methods, and attendees provided in the notice [3]. - The meeting took place on July 29, 2025, at 14:30 in Chengdu, with a combination of on-site and online voting [3][4]. - The legal opinion asserts that the procedures for convening and holding the meeting adhered to legal and regulatory requirements [3]. Group 2: Attendee Qualifications - A total of 934 participants attended the meeting, holding 355,318,722 shares, which represents 42.8107% of the total voting shares [3][4]. - Among the attendees, 4 individuals participated in person, holding 347,672,362 shares, accounting for 41.8894% of the total voting shares [3]. - The qualifications of the attendees and the convenor of the meeting were verified and deemed valid [5]. Group 3: Voting Procedures and Results - The meeting utilized both on-site and online voting methods, with all agenda items being voted on without any postponements [6]. - The voting results for the proposal to mortgage real estate for project loan guarantees showed 354,746,842 votes in favor, representing 99.8390% of the valid votes cast [6]. - The voting results were confirmed as legitimate and valid by the legal opinion [6].

Group 1 - The core point of the article is that Xuguang Electronics announced the approval of a proposal to use real estate as collateral for project loans during its second extraordinary general meeting of shareholders in 2025 [2] Group 2 - The company held its second extraordinary general meeting of shareholders on July 29 [2] - The proposal regarding the mortgage of real estate for project loan guarantees was successfully passed [2]

证券代码：600353 证券简称：旭光电子 公告编号：2025-035 成都旭光电子股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 07 月 29 日 (二)股东大会召开的地点：成都市新都区新工大道 318 号旭光电子办公楼三楼会 议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 934 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 355,318,722 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 42.8107 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长刘卫东主持会议，采用现场记名投 票和网络投票相结合，表决方式符合《公司法》及《公司章 ...

北京市天元（成都）律师事务所 关于成都旭光电子股份有限公司 2025 年第二次临时股东大会的法律意见 致：成都旭光电子股份有限公司 成都旭光电子股份有限公司（以下简称"公司"）2025 年第二次临时股东大 会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会 议于 2025 年 7 月 29 日（星期二）14:30 于四川省成都市新都区新工大道 318 号旭 光电子办公楼三楼会议室召开。北京市天元（成都）律师事务所（以下简称"本所"） 接受公司聘任，指派律师参加本次股东大会现场会议，并根据《中华人民共和国公 司法》《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东 会规则》（以下简称"《股东会规则》"）以及《成都旭光电子股份有限公司章程》 （以下简称"《公司章程》"）等有关规定，就本次股东大会的召集、召开程序、 出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项出具本法 律意见。 为出具本法律意见，本所律师审查了《成都旭光电子股份有限公司第十一届董 事会第十次会议决议公告》《成都旭光电子股份有限公司关于召开 2025 年第二次 临时股东大会的通知》（以下简称" ...

Investment Rating - The report indicates a positive outlook for the controlled nuclear fusion industry, suggesting that companies with leading technologies and core component supply capabilities are likely to benefit first as fusion devices are deployed [3]. Core Insights - Controlled nuclear fusion is viewed as a clean, safe, and sustainable ultimate energy source, with significant potential for large-scale commercialization in the future [4][8]. - The report highlights the importance of the Lawson criterion and the Q factor in achieving sustainable fusion reactions, emphasizing that meeting these conditions is crucial for commercialization [17][18]. - The global landscape for fusion energy is rapidly evolving, with multiple countries, including the US, UK, Germany, and Russia, actively pursuing fusion power projects expected to come online in the 2030s [34][36]. Summary by Sections 1. Development Window for Controlled Nuclear Fusion - The report notes that the domestic and international fusion energy sector is entering a critical development phase, with significant projects underway [5][34]. - Key projects include the Hefei BEST project in China, which aims to be the world's first to conduct steady-state deuterium-tritium combustion by 2027 [52]. 2. What is Controlled Nuclear Fusion? - Controlled nuclear fusion is characterized by high energy release efficiency, safety, abundant fuel sources, and minimal environmental pollution [4][8]. - The primary fuels for fusion are deuterium and tritium, with deuterium being readily available from water and tritium produced through lithium reactions [8][11]. 3. Technical Pathways for Controlled Nuclear Fusion - Magnetic confinement is identified as the most effective method for achieving fusion energy, with the Tokamak design being the most widely researched and developed [18][19]. - The report discusses advancements in high-temperature superconductors and AI technology that enhance plasma control and reduce the size and cost of fusion devices [26][27]. 4. Progress in Controlled Nuclear Fusion - The report outlines significant international efforts, including the ITER project, which aims to demonstrate the feasibility of fusion energy by achieving a Q factor greater than 10 [38][43]. - Various countries are ramping up investments in fusion energy, with the US planning to build the world's first fusion power plant by 2028 [34][35]. 5. Beneficiary Companies - The report identifies several companies poised to benefit from the growth of the fusion energy sector, including those involved in magnet systems, high-temperature superconductors, vacuum chambers, and other supporting technologies [3].