Market Overview - On October 10, the A-share market closed with a total of 72 stocks hitting the daily limit, with 58 stocks after excluding 14 ST stocks, and an overall limit-up rate of 72% [1]. Limit-Up Stocks - The highest limit-up order volume was from Jinyu Group with 292,500 hands, followed by Yaowang Technology, Guangdong Mingzhu, and Hezhuan Intelligent with 292,200 hands, 258,900 hands, and 255,900 hands respectively [3]. Notable Stocks - Hezhuan Intelligent had a limit-up order amount exceeding 600 million yuan, focusing on controllable nuclear fusion technology, which is currently in the engineering feasibility verification stage [4]. - Other notable stocks with significant limit-up order amounts include Kaimeite Gas (352 million yuan) and Great Wall Motor (223 million yuan) [4]. Nuclear Fusion Sector - Multiple stocks related to nuclear fusion hit the limit, including China Nuclear Construction, Antai Technology, and Wujin Stainless Steel [6]. - China Nuclear Construction plays a crucial role in international nuclear fusion projects, enhancing its influence in the field [6]. - Antai Technology is the first company in China capable of producing tungsten-copper filters for nuclear fusion, showcasing significant technological advantages [7]. - Wujin Stainless Steel is a certified manufacturer of civil nuclear pressure pipelines, with products widely used in nuclear power processes [8]. Real Estate Sector - Stocks such as Jintou City Development, Shenzhen Zhenye A, and Hefei Urban Construction also reached their limits [9]. - Jintou City Development focuses on real estate development and sales, forming a closed-loop model covering the entire value chain of residential properties [9]. - Shenzhen Zhenye A has engaged in several preliminary service contracts in urban village projects [10]. - Hefei Urban Construction acquired land parcels through competitive bidding [11]. Non-Ferrous Metals Sector - Stocks like Pengxin Resources, Antai Technology, and Baiyin Nonferrous Metals saw limit-up [12]. - Pengxin Resources is advancing production capacity expansion at its core asset, the South African Aoni Gold Mine [12]. - Baiyin Nonferrous Metals is experiencing stable operations at its Brazilian copper mine project, with projected copper production of 5,229 tons and gold production of 65 kilograms in mid-2025 [13]. Institutional Activity - Institutions net bought over 300 million yuan in Deep Technology, with Antai Technology and New Lai Materials being the top net purchases [15][16]. - Deep Technology saw significant net selling from retail investors, indicating mixed market sentiment [17].

Market Overview - A total of 72 stocks reached the daily limit up in the A-share market, with 58 stocks after excluding 14 ST stocks, resulting in a sealing rate of 72% [1] Top Performers - The highest sealing order volume was from Jinyu Group with 292,500 hands, followed by Yaowang Technology, Guangdong Mingzhu, and Hezhuan Intelligent with sealing order volumes of 292,200 hands, 258,900 hands, and 255,900 hands respectively [2] Continuous Limit Up Stocks - ST Dongyi achieved 4 consecutive limit ups, while ST Guohua had 3 consecutive limit ups. Additionally, 14 stocks including Baiyin Youse, Haiou Zhugong, and China Nuclear Construction had 2 consecutive limit ups [3] Significant Sealing Funds - 12 stocks had sealing funds exceeding 100 million yuan, with Hezhuan Intelligent, Kaimete Gas, and Great Wall Military Industry leading at 609 million yuan, 352 million yuan, and 223 million yuan respectively. Hezhuan Intelligent is involved in the controllable nuclear fusion industry, which is currently in the engineering feasibility verification stage [4] Nuclear Fusion Sector - Stocks related to nuclear fusion that reached the limit up include China Nuclear Construction, Antai Technology, and Wujin Stainless Steel. China Nuclear Construction plays a crucial role in international nuclear fusion projects, enhancing its influence in the field [5][6] - Antai Technology is the first domestic company capable of producing tungsten-copper filters for nuclear fusion, possessing comprehensive technology from raw materials to component delivery [5] Real Estate Sector - Real estate stocks that reached the limit up include Jintou City Development, Shenzhen Zhenye A, and Hefei Urban Construction. Jintou City Development focuses on real estate development and sales, forming a closed-loop model covering the entire value chain of residential properties [7][8][9] Non-Ferrous Metals Sector - Stocks in the non-ferrous metals sector that reached the limit up include Pengxin Resources, Antai Technology, and Baiyin Youse. Pengxin Resources is advancing production capacity expansion at its core asset, the South African Onikin Mine [10] - Baiyin Youse's Brazilian copper-gold mine project is operating steadily, with projected copper production of 5,229 tons and gold production of 65 kilograms between April and June 2025 [12] Institutional Buying - Institutions net bought over 300 million yuan in Deep Technology, with Antai Technology, New Lai Materials, and Blue Dai Technology being the top three net buying stocks [13][14] - Specific institutional net buying amounts include 341 million yuan for Deep Technology, 60.7 million yuan for Dawi Shares, and 42.4 million yuan for Chuling Information [15]

Core Viewpoint - The company has confirmed its involvement in the research and development of the vacuum chamber components for nuclear fusion, specifically for the BEST project, and has entered the production phase [2] Company Summary - The company, 合锻智能 (603011.SH), is collaborating with China Nuclear Industry Second Construction Company to undertake the development of nuclear fusion vacuum chamber components [2] - As of October 10, the company has stated that it is currently in the production manufacturing stage for the core components of the vacuum chamber [2]

每经AI快讯，10月10日，有投资者问，公司与中国核工业二三建设有限公司合作，已承接核聚变真空 室构件的研制工作，这一消息是否真实？合锻智能（603011）在互动平台表示，公司参与了BEST的核 心部件真空室的研制，目前已进入生产制造阶段。 ...

Core Viewpoint - The A-share market experienced a day of volatility on October 10, with all three major indices declining, indicating a bearish sentiment in the market. The nuclear power sector showed notable activity, driven by recent advancements in fusion energy technology [2]. Market Performance - The Shanghai Composite Index fell by 0.94%, closing at 3897.03 points, while the Shenzhen Component Index dropped by 2.70% and the ChiNext Index decreased by 4.55% [2]. - The nuclear power sector was particularly active, with several stocks hitting the daily limit up, including Hezhong Intelligent, which achieved five consecutive limit-ups in nine days, and New Special Electric, which reached a 20% limit-up [2]. Industry Developments - A significant breakthrough was reported on October 1 regarding the BEST project in Hefei, Anhui, where the key component of the fusion energy experimental device, the Dewar base, was successfully developed and installed [2]. - This milestone marks a new phase in the construction of the project, highlighting recent advancements in China's nuclear fusion field [2]. Investment Outlook - According to Guojin Securities, the commercialization path for nuclear fusion technology is becoming clearer, with global investments increasing. The cumulative financing in the industry is expected to exceed $7.1 billion in 2024 [2]. - The industry is anticipated to enter a capital expenditure acceleration cycle during the 14th Five-Year Plan period, with ongoing orders in related component sectors presenting potential investment opportunities [2].

Market Overview - The A-share market experienced a morning adjustment with all three major indices declining, showing significant differentiation between large and small-cap stocks. Mid-cap stocks performed relatively strong [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.64 trillion, a decrease of 71.3 billion compared to the previous trading day [1] Sector Performance - The market saw a rotation of hot sectors, with battery and semiconductor stocks collectively adjusting. Notably, companies like Xiandai Intelligent fell over 11%, while previously strong performers in the chip industry, such as Yandong Micro, Huahong Semiconductor, and Baiwei Storage, also faced significant declines [1] - On the upside, the focus shifted to sectors like power grid equipment, nuclear power, and military industry, with New Special Electric achieving a 20% limit-up and several other stocks hitting the limit-up as well. Wind power equipment stocks showed resilience, with Jixin Technology achieving four consecutive limit-ups over six days [3] - The nuclear power sector continued its strong performance, with companies like Hezhan Intelligent and Antai Technology achieving multiple consecutive limit-ups [3] Index Performance - By the end of the trading session, the Shanghai Composite Index fell by 0.51%, the Shenzhen Component Index dropped by 1.85%, and the ChiNext Index decreased by 3.40% [3]

Market Overview - The A-share market opened lower on October 10, with the ChiNext Index down over 2% and the Sci-Tech 50 Index down more than 3% [1] - The Hong Kong market also saw declines, with the Hang Seng Index and Hang Seng Tech Index both opening lower, the latter down nearly 2% [2] Sector Performance - Strong sectors included cultivated diamonds, controllable nuclear fusion concepts, rare earth permanent magnets, and nuclear energy, while semiconductor, non-ferrous metals, real estate, and chemical fiber sectors experienced corrections [1] - The brokerage sector saw a rapid increase, with Jinlong Co. rising over 7%, and Guosen Securities and GF Securities both up over 5% [2] Notable Stocks - Jinlong Co. (000712) increased by 7.13% to 15.18, while Guosen Securities (002736) rose by 5.79% to 14.24 [2] - Other notable gainers included GF Securities (000776) up 5.30% to 24.42, and Huatai Securities (601688) up 3.17% to 23.11 [2] Controllable Nuclear Fusion Sector - The controllable nuclear fusion sector was active, with companies like Hezhong Intelligent (603011) hitting five consecutive trading limits, and Hanhua Welding rising nearly 14% [3] - The construction of China's nuclear fusion device BEST has begun, which is expected to demonstrate nuclear fusion power generation by 2030 [5] Beverage Manufacturing Sector - The beverage manufacturing sector saw gains, with Zhuangyuan Pasture hitting two consecutive trading limits and Yangyuan Beverage reaching the daily limit [6] - During the National Day and Mid-Autumn Festival holiday, key retail and catering enterprises reported a 2.7% year-on-year increase in sales [8] Automotive Parts Sector - The automotive parts sector opened higher, with companies like Landai Technology and Shenda Co. hitting the daily limit [8] Coal Mining Sector - The coal mining sector experienced fluctuations, with companies like Dayou Energy and Baotailong hitting the daily limit [8]

Core Viewpoint - Hefei Huaneng Intelligent Manufacturing Co., Ltd. has experienced significant stock performance, with a cumulative increase of 40.21% over the past nine trading days, indicating strong market interest and potential investment opportunities [2] Stock Performance - The stock has recorded five trading halts within nine trading days, with a total turnover rate of 114.48% [2] - As of 9:25 AM, the stock's trading volume reached 1.0673 million shares, with a transaction amount of 25.38 million yuan, resulting in a turnover rate of 0.22% [2] - The latest total market capitalization of the stock is 11.757 billion yuan [2] Margin Trading Data - As of October 9, the margin trading balance for the stock is 453 million yuan, with a financing balance of 453 million yuan, reflecting a decrease of 92.67 million yuan or 16.98% from the previous trading day [2] - Over the past nine days, the margin trading balance has increased by 81.54 million yuan, representing a growth of 21.94% [2] Trading Activity - The stock has appeared on the "Dragon and Tiger List" three times due to a daily turnover rate exceeding 20%, a daily price deviation of 7%, and a daily volatility of 15% [2] - Institutional investors have net bought 29.32 million yuan, while total net purchases from brokerage seats amount to 98.66 million yuan [2] Company Background - Hefei Huaneng Intelligent Manufacturing Co., Ltd. was established on September 7, 1997, with a registered capital of 4.9441 billion yuan [2]

Core Insights - The controlled nuclear fusion sector remains active, with notable stock performances from companies such as Haheng Huaton and Hezhuan Intelligent reaching new highs [1] - Antai Technology has achieved a consecutive trading limit increase, while Yongding Co. has hit the daily limit up [1] - Other companies like Shanghai Electric, Guoguang Electric, Changfu Co., and Fuhuang Steel Structure have also seen upward movements in their stock prices [1] Company Performance - Haheng Huaton and Hezhuan Intelligent have reached all-time highs in stock prices [1] - Antai Technology has recorded two consecutive trading limit increases, indicating strong market interest [1] - Yongding Co. has achieved a daily limit increase, reflecting positive investor sentiment [1] Industry Trends - The controlled nuclear fusion sector is experiencing heightened activity, suggesting growing investor confidence and interest in this technology [1] - The upward trend in stock prices across multiple companies indicates a potential bullish outlook for the sector [1]

Group 1 - The nuclear fusion concept index rose by 7.82% and the superconducting concept index increased by 6.17% as of October 9, with several stocks reaching their daily limit [1] - The nuclear fusion index has seen a cumulative increase of 60.31% this year, while the superconducting index has risen by 53.02% [1] - The BEST project in Hefei, Anhui, achieved a key breakthrough with the successful development and delivery of the Dewar base, marking a new phase in the project's construction [1] Group 2 - Companies like Hezhong Intelligent have been involved in the development of core components for the BEST project, including the vacuum chamber [2] - Fusion New Energy (Anhui) Co., Ltd., which focuses on controllable nuclear fusion technology, has a registered capital that has reached 145 billion yuan [2] - Shanghai Electric has been involved in fusion projects since around 2000 and has developed core manufacturing capabilities for fusion reactor systems [3] Group 3 - Western Superconducting has provided superconducting wire products for international fusion projects and is a key supplier for the BEST project [4] - Other companies not directly listed under nuclear fusion or superconducting concepts, such as Hebei Steel, are also contributing to the BEST project by supplying high-end steel plates [4]