Group 1 - The core point of the article is that Antai Technology (SZ 000969) held a temporary board meeting on December 15, 2025, to discuss the capital increase project for Antai Sanying Welding Materials (Tianjin) Co., Ltd [1] - Antai Technology's revenue composition for the first half of 2025 is entirely from new materials and products, accounting for 100% [2] - As of the report, Antai Technology has a market capitalization of 22 billion yuan [2]

证券代码：000969 证券简称：安泰科技 公告编号：2025-057 安泰科技股份有限公司 关于向控股子公司增资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 释义： 除非另有说明，以下简称在本公告中含义如下： 安泰科技、公司、本公司：安泰科技股份有限公司 安泰三英：安泰三英焊接材料（天津）股份有限公司（公司控股子公司，公 司直接持有其 50.588%股份） 一、增资概述 "十四五"期间，安泰三英以市场需求为导向，持续进行产业结构调整和产 品转型升级，经营业绩稳步提升，并成功入选天津市"专精特新"中小企业和"猎 豹企业"。为进一步夯实公司在焊接材料业务领域优势地位，公司拟以自有资金 对安泰三英增加投资 2,000 万元人民币，其中 17,915,330 元计入注册资本，其余 计入资本公积。本次增资后，公司对安泰三英的持股比例将由增资前 50.588%增 加至 59.1898%，安泰三英仍为公司控股子公司，其财务报表仍纳入公司合并财 务报表范围。 1、公司名称：安泰三英焊接材料（天津）股份有限公司 4、成立时间：1994 年 8 月 9 日 5、公司类 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 证券代码：000969 证券简称：安泰科技 公告编号：2025-056 安泰科技股份有限公司 第九届董事会第五次临时会议决议公告 2025 年 12 月 16 日 1 安泰科技股份有限公司第九届董事会第五次临时会议通知于 2025 年 12 月 8 日以书面或邮件形式发出，据此通知，会议于 2025 年 12 月 15 日以通讯方式召 开，会议应出席董事 9 名，实际出席 9 名。会议的召开符合有关法律、行政法规、 部门规章、规范性文件和公司章程的规定。 本次会议讨论并通过如下决议： 1、《关于安泰三英焊接材料（天津）股份有限公司增资项目的议案》 赞成 9 票；反对 0 票；弃权 0 票。 董事会同意公司以自有资金对控股子公司安泰三英增加投资 2,000 万元人民 币，相关内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）刊登的《安 泰科技股份有限公司关于向控股子公司增资的公告》。 特此公告！ 安泰科技股份有限公司董事会 ...

Core Points - The mercury thermometer will be discontinued starting January 1, leading to a surge in demand and price increases for existing mercury thermometers [1][2] - The price of mercury thermometers has significantly risen, with online prices reaching 15-20 yuan, and some exceeding 20 yuan, compared to previous prices of 2-10 yuan [1][2] - The alternative to mercury thermometers, non-mercury glass thermometers, are more expensive, costing 20-30 yuan, and are made with safer materials like gallium-indium-tin alloy [1][6] Industry Insights - The production of mercury thermometers in China was approximately 120 million units annually, resulting in over 10 tons of mercury needing disposal due to breakage [4] - Major manufacturers of non-mercury thermometers include Shanghai Huachen Medical Instrument Co., Yuyue Medical, and Jiuan Medical, with Shanghai Huachen being the largest producer [6] - The upstream suppliers for non-mercury materials include major metal producers such as China Aluminum (gallium), Zhuhai Group (indium), and Xiyang Silver Tin (tin) [6] Market Dynamics - The non-mercury thermometer market is limited and faces competition from electronic thermometers, which are also gaining popularity [7] - The safety and accuracy of gallium-indium-tin alloy thermometers are comparable to mercury thermometers, but they are positioned as a safer alternative [7] - Companies with capabilities in developing special alloy materials, such as Antai Technology and Yuyuan New Materials, are also noteworthy in this transition [6]

Core Viewpoint - The article emphasizes the accelerating industrialization of controlled nuclear fusion, highlighting its importance for national energy security and technological independence. The industry is transitioning from experimental validation to engineering demonstration, with significant advancements in material performance and domestic production capabilities [5][11][14]. Industry Overview - Controlled nuclear fusion is entering a new phase characterized by multiple competitive technological routes and concentrated capital investment, with key equipment's domestic production rate exceeding 96% [5][8]. - The nuclear fusion industry is expected to achieve commercial power generation within the next decade, with 2031-2035 being the widely recognized timeframe for commercialization [15]. Investment Opportunities - The capital market has shown sustained interest in the controlled nuclear fusion sector, with stock performance indicating a potential new market cycle. Recent trading activity has seen significant gains in related stocks, suggesting a bullish trend [8][30]. - Investors are encouraged to focus on core enterprises within the nuclear fusion sector to seize investment opportunities as the industry progresses towards commercialization [9]. Technological Development - The development of controlled nuclear fusion is structured into five stages: scientific theory, scientific feasibility, engineering feasibility, commercial feasibility, and commercial reactor. The industry is currently advancing towards engineering feasibility [10]. - AI technology is playing a crucial role in accelerating the commercialization of nuclear fusion by optimizing reaction conditions and predicting plasma behavior, significantly enhancing research efficiency [15][19]. Material Innovation - Material innovation is critical for overcoming bottlenecks in the nuclear fusion industry, with research focusing on surface and structural innovations, superconducting materials optimization, and material modification [22][28]. - Superconducting materials are essential for the operation of controlled nuclear fusion devices, directly impacting energy efficiency and plasma confinement capabilities [25][26]. Key Enterprises - Several leading companies are making significant strides in the nuclear fusion sector, including: - **Sichuan Four Creation Electronics (四创电子)**: The only domestic company to achieve the localization of superconducting magnet power supply modules for fusion devices [36]. - **Parker New Materials (派克新材)**: The only company capable of mass-producing core components for nuclear fusion, continuously enhancing its technological advantages [38]. - **Antai Technology (安泰科技)**: A global supplier of core components for controlled nuclear fusion, providing a range of tungsten-related products for nuclear power technologies [39].

Core Insights - Controlled nuclear fusion is crucial for national energy security and technological independence, with its industrialization progressing from experimental validation to engineering demonstration stages [1] - The domestic production rate of key nuclear fusion equipment has exceeded 96%, indicating significant advancements in self-sufficiency for core components [1] - The industry is entering a new phase characterized by multiple competitive technological routes and concentrated capital investment, particularly with the advancement of the BEST device's power generation demonstration work and the EAST device's long pulse operation records [1] Capital Market Trends - The controlled nuclear fusion sector has attracted significant capital market attention, with a continuous rise in stock prices since 2025, indicating the potential for a new market cycle [3] - Recent trading activity shows strong performance among stocks in this sector, with notable gains from companies like Hualing Cable and Xue Ren Group, and a doubling in stock price for Tianli Composite on the Beijing Stock Exchange [3] Development Stages of Nuclear Fusion - The development of nuclear fusion can be categorized into five stages: scientific theory, scientific feasibility, engineering feasibility, commercial feasibility, and commercial reactors, currently progressing towards engineering feasibility [4] - China's nuclear fusion engineering plan outlines a three-step development strategy: experimental reactors, demonstration reactors, and commercial reactors, with the experimental phase serving as the foundation for commercialization [4] Global R&D Investments - Countries and major enterprises are increasing their R&D investments in controlled nuclear fusion, with many demonstration reactor plans advancing steadily, and a consensus that commercial power generation could be achieved within the next decade [7] - AI technology is playing a significant role in accelerating the commercialization of nuclear fusion by optimizing reaction conditions and predicting plasma behavior [7] Material Innovations - Material innovation is critical for overcoming bottlenecks in the nuclear fusion industry, focusing on surface and structural innovations, optimization of superconducting materials, and material modification techniques [12] - Superconducting materials are essential for the operation of controlled nuclear fusion devices, with domestic companies making strides in the industrialization of high-temperature superconducting magnets [14] Opportunities in the Nuclear Fusion Supply Chain - Leading energy equipment companies have established a foothold in the nuclear fusion sector, with clear paths for industrialization and ongoing development in core components [15] - Companies like Hailu Heavy Industry and others are enhancing their core competitiveness through increased R&D investments and strategic collaborations [17] Key Companies in the Sector - Four Creation Electronics is the only domestic company to achieve the localization of superconducting magnet power supply modules for nuclear fusion devices, holding a significant market position [19] - Parker New Materials is the sole company capable of mass-producing core components for nuclear fusion, continuously strengthening its technological advantages [20] - Antai Technology is a global supplier of core materials for controlled nuclear fusion devices, providing a range of tungsten-related products for nuclear power technologies [21]

Group 1 - The article highlights that 45 stocks appeared on the weekly trading list, with 26 showing net purchases from the Shenzhen Stock Connect [1] - The top three stocks with the highest net purchases were Tianfu Communication, Ice Wheel Environment, and Antai Technology, with net purchases of 2575.01 million, 142.07 million, and 117.23 million respectively [1] - The average increase for stocks with net purchases was 16.42%, outperforming the Shanghai Composite Index, which fell by 0.34% [1] Group 2 - The stock with the highest increase was Bona Film Group, which saw a cumulative rise of 51.70% during the week [1] - A total of 19 stocks experienced net sales, with the highest net sales recorded for ZTE Corporation and Zhengbang Technology, amounting to 1055.14 million and 635.43 million respectively [2] - The article provides a detailed table of stocks with net purchases and sales, including their respective weekly price changes and turnover rates [1][2]

Core Insights - The nuclear power sector has seen a significant increase, with a rise of 2.83% as of the market close on December 12, ranking it fifth among concept sectors [1] - A total of 254 stocks within the nuclear power sector experienced gains, with notable performers including Tianli Composite, which hit the daily limit with a 30% increase, and other stocks like Zhongzhou Special Materials and Boying Special Welding, both reaching 20% [1][2] - The sector attracted a net inflow of 11.574 billion yuan from major funds, with 186 stocks receiving net inflows, and 31 stocks exceeding 100 million yuan in net inflows [2] Market Performance - The top-performing concept sectors for the day included Controlled Nuclear Fusion with a 4.98% increase and Superconducting Concept with a 3.37% increase, while sectors like Horse Racing Concept and Duty-Free Shops saw declines of 2.93% and 1.60% respectively [2] - The nuclear power sector's performance was bolstered by significant individual stock movements, with major stocks like Antai Technology and China West Electric seeing net inflows of 859 million yuan and 621 million yuan respectively [3][2] Fund Flow Analysis - Stocks with the highest net inflow ratios included Great Wall Electric with 77.33% and Hualing Cable with 73.22%, indicating strong investor interest in these companies [3] - The nuclear power sector's leading stocks in terms of net inflow included Antai Technology, China West Electric, and Liou Co., with respective net inflows of 859 million yuan, 621 million yuan, and 598 million yuan [3][4]

12月12日，上证指数上涨0.41%，深证成指上涨0.84%，创业板指上涨0.97%。盘后龙虎榜数据显示，共有51只个 股因当日异动登上龙虎榜，资金净流入最多的是联特科技（301205.SZ），达3.99亿元。 而龙虎榜中资金净流出最多的是摩尔线程（688795.SH），被净卖出为4.67亿元，占总成交金额的4.5%。摩尔线程 收盘下跌13.41%，换手率为42.26%。 | 名称 | 涨跌幅 | 龙虎榜净买 | 净买额占 | 换手率 | | --- | --- | --- | --- | --- | | | | 额(万元) | 总成交比 | | | 摩尔线程 | -13.41% | -46685 | 4.5% | 42.26% | | 永鼎股份 | 3.99% | -37465 | 4.75% | 25.66% | | 通光线缆 | 19.98% | -15393 | 6.84% | 36.87% | | 银河电子 | -3.92% | -12143 | 4.17% | 37.27% | | 四川金顶 | -4.01% | -9296 | 3.66% | 49.42% | | 东百集团 | -0.13% | ...

下面我们来看下今日龙虎榜情况： 高位股方面，龙洲股份8天7板，航天机电11天6板，中源家居7天5板，*ST铖昌6天5板，再升科技5连板，西部材 料、航天动力6天4板，博纳影业5天4板。 | 天力复合 30.00% | 航天环字 10.99% | 晶丰明源 20.00% 摩尔线图 -13.41% | 蒸灰型 16.84% 源市苏坝 -8.89% | 斯珊新材 17.58% 合规智能 4.95% | 航字科技 19.85% 病膏患团 -0.13% | 广道退 -21.09% 铜峰电子 10.04% | 大鹏工业 10.79% 再升科技 10.05% | | --- | --- | --- | --- | --- | --- | --- | --- | | 凤竹纺织 10.05% | | 梅雁吉祥 10.06% | 中国西电 10.06% | 赌城股份 0.62% | 永鼎股份 3.99% | 灿龄电力 11.29% | 精创电气 1.08% | | 沪市 - EE 2.45% | | 四川金顶 -4.00% | 永悦科技 -10.06% | 国圆科技 -10.01% | 舒伊体育 -10.02% | 用都物业 - ...