Market Overview - The Shanghai Composite Index closed at 3346.84 points, down 0.05%, while the Shenzhen Component Index closed at 10091.16 points, down 0.41%. The ChiNext Index fell by 0.80%, and the STAR Market 50 Index increased by 0.17% [1] - Among the tradable A-shares, 3797 stocks rose, accounting for 70.51%, while 1432 stocks fell, and 156 stocks remained flat [1] Stock Performance - A total of 86 stocks hit the daily limit up, while 4 stocks hit the limit down. The majority of limit-up stocks were in the machinery equipment, basic chemicals, and electric equipment sectors, with 16, 11, and 8 stocks respectively [1] - Notable limit-up stocks included *ST Guohua and *ST Baoshi, with 24 of the limit-up stocks being ST stocks. ST Lingnan and *ST Sailong recorded 6 consecutive limit-up days, the highest among all [1] Trading Volume and Capital Flow - The stock with the highest limit-up order volume was Rongfa Nuclear Power, with 6508.84 million shares, followed by Yunnei Power and ST Lingnan with 4693.09 million shares and 3608.30 million shares respectively [1] - In terms of capital flow, Rongfa Nuclear Power, Shangwei Co., and Hongbo Co. had significant limit-up order funds of 403 million, 216 million, and 203 million respectively [1] Sector Analysis - The leading sectors for limit-up stocks included electric equipment, machinery equipment, and basic chemicals, indicating strong investor interest in these areas [1] - Specific stocks in the electric equipment sector, such as Rongfa Nuclear Power and Shangwei Co., showed substantial trading activity and investor interest [1]

Group 1 - The nuclear power and controllable nuclear fusion concepts continue to rise, with China Nuclear Technology hitting the daily limit up [1] - Several stocks including Huaneng Welding, Atlantic, Baobian Electric, Shangwei Co., China General Nuclear Power Technology, Rongfa Nuclear Power, and Harbin Air Conditioning have also seen significant gains [1] - Guoguang Electric, Jiusheng Electric, and Zhongzhou Special Materials have increased by over 10% [1] Group 2 - In the Hong Kong market, China Nuclear International experienced a surge of 180% at one point [1]

Core Viewpoint - The recent surge in nuclear energy stocks in A-shares is linked to the positive developments in the U.S. nuclear energy sector, particularly following President Trump's signing of executive orders aimed at reforming the nuclear industry [1][3]. Group 1: Market Performance - A-shares nuclear energy stocks saw significant gains, with nearly 20 related stocks hitting the daily limit or rising over 10% [1][3]. - In the Hong Kong market, China National Nuclear Corporation experienced a surge of over 180% [1]. - The U.S. nuclear energy stocks also rallied, with Lightbridge rising by 42.59% and NANO Nuclear increasing by over 30% [1]. Group 2: U.S. Policy Impact - Trump's executive orders aim to accelerate the approval process for nuclear reactors used for defense and AI, with a goal to quadruple nuclear power output in the next 25 years [3]. - The orders also include provisions for the construction of 10 large reactors by 2030 and adjustments to regulatory processes for experimental reactors [3]. Group 3: Global Nuclear Energy Trends - The nuclear energy revival cycle has been ongoing since 2019, with developing countries like China continuing to approve and construct new nuclear units [3][4]. - The anticipated increase in nuclear power demand is expected to benefit uranium as a nuclear fuel, leading to a tighter supply-demand balance [3][4]. Group 4: Nuclear Energy Advantages - Nuclear power is highlighted as a clean, safe, and efficient energy source, with annual utilization hours exceeding 7000, making it the most efficient among all energy sources [4]. - The role of nuclear energy in addressing climate change and promoting energy transition is emphasized, with potential applications in desalination, hydrogen production, and medical protection [4]. Group 5: Nuclear Fusion Developments - The nuclear fusion sector has entered a phase of intensive catalysis, with significant gains in related stocks since early May, particularly in controlled nuclear fusion [5][7]. - The ITER project, a major international collaboration, has achieved significant milestones, marking progress towards commercializing controlled nuclear fusion [6][7]. - Continued investment and project developments in nuclear fusion are expected to accelerate industry growth, benefiting related companies [6][7].

Core Viewpoint - The A-share controllable nuclear fusion sector is experiencing significant gains, with multiple stocks reaching their daily limit up, indicating strong investor interest and market momentum [1] Group 1: Stock Performance - Changfu Co., Ltd. has seen its stock price increase by over 17% [1] - Guoguang Electric has risen by more than 11% [1] - Hezhuan Intelligent has hit the daily limit up [1] - Haheng Huadong has also reached a daily limit up of 20% [1] - Other stocks such as Rongfa Nuclear Power and Xue Ren Co., Ltd. have also hit their daily limit up [1]

Core Viewpoint - The nuclear power and controllable nuclear fusion concepts are gaining momentum, leading to significant stock price increases for several companies in the sector [1] Group 1: Stock Performance - Companies such as Hezhong Intelligent, Haheng Huaton, Xue Ren Co., Baili Electric, and Rongfa Nuclear Power have seen their stock prices hit the daily limit, with Hezhong Intelligent reaching a new high in over 10 years [1] - Other companies like Ruichi Manufacturing, Changfu Co., Zhongzhou Special Materials, and Jiusheng Electric have experienced stock price increases exceeding 10% [1] Group 2: Government Initiatives - On May 23, U.S. President Trump signed four executive orders aimed at reforming the U.S. nuclear energy industry, which includes expanding nuclear energy capacity, enhancing the nuclear energy supply chain, and shortening the approval process for nuclear projects [1] Group 3: Investment Potential - According to CITIC Securities, the total investment for domestic controllable nuclear fusion experimental reactors may exceed 60 billion yuan, creating a certain demand for upstream component orders [1]

Market Overview - The three major A-share indices collectively adjusted in the morning session, with the Shanghai Composite Index down 0.30%, the Shenzhen Component Index down 0.71%, and the ChiNext Index down 1.28% [1] - The total market turnover for the half-day was 661 billion, a decrease of 1 billion compared to the previous day, with 2,600 stocks in the market showing losses [1] Sector Performance - The controllable nuclear fusion, gaming, and beverage manufacturing sectors led the gains, while the innovative drug sector experienced the largest declines [2] - Notable stocks in the controllable nuclear fusion sector included Haohan Huadong (301137), Xue Ren Co., Ltd. (002639), and Rongfa Nuclear Power (002366), all hitting the daily limit [2] - Gaming stocks also performed well, with Youzu Network (002174) reaching the daily limit [2] - Beverage manufacturing stocks rebounded, with Junyao Health (605388) and Kuaijishan (601579) hitting the daily limit [2] - The autonomous driving sector showed strength, with Jinjiang Online (600650), Tongda Electric (603390), and Longzhou Co., Ltd. (002682) all reaching the daily limit [2] - The innovative drug sector saw significant declines, with Haichen Pharmaceutical (300584) dropping over 10%, and Hainan Hai Pharmaceutical (000566) and San Sheng Guojian also experiencing notable losses [2] Hotspot Overview - The nuclear power sector was highlighted as the strongest market focus, with 11 stocks hitting the daily limit and 5 stocks achieving consecutive limit-ups, including Shangwei Co., Ltd. and Zhongchao Holdings (002471) [7] - The military industry sector also saw 11 stocks hitting the daily limit, with 5 stocks achieving consecutive limit-ups [8] - The artificial intelligence sector had 9 stocks hitting the daily limit, with one stock achieving consecutive limit-ups [9] Key Developments - The controllable nuclear fusion sector is gaining attention following U.S. President Trump's recent executive orders aimed at launching the construction of 10 large nuclear power plants by 2030 and quadrupling the nuclear power capacity by 2050 [10] - The IP economy is also gaining traction, with stocks like Youzu Network and others seeing significant interest, particularly following the recent rise in the market value of Pop Mart in Hong Kong [11] - The autonomous driving sector is attracting capital, with recent funding rounds for companies like Jiushi Intelligent and New Stone Technology, indicating strong investor interest in this area [12]

Market Overview - A-shares showed mixed performance on May 26, with the Shanghai Composite Index rising by 0.21% while the Shenzhen Component and ChiNext Index fell by 0.06% and 0.26% respectively [1] - The market is expected to experience a short-term adjustment, maintaining a high central tendency in the second quarter [2][9] Active Sectors 1. Chinese Academy of Sciences Concept - The Chinese Academy of Sciences concept saw significant activity, with China Science Publishing and Media's stock hitting the daily limit [3] - Other notable performers included Senyuan Technology, Zhongke Information, and Hanwang Technology, which all showed substantial gains [4] 2. Controlled Nuclear Fusion Concept - The controlled nuclear fusion sector continued its strong performance, with Rongfa Nuclear Power achieving two consecutive daily limits [5] - The sector's momentum is supported by recent U.S. policy announcements aimed at expanding nuclear power capacity significantly by 2050 [5][6] Institutional Insights - CITIC Securities highlighted the emerging risks of crowded trading in micro-cap stocks and emphasized the importance of focusing on "new quality domestic demand growth" sectors [7] - Shenyin Wanguo maintained a view of a high central tendency in the A-share market, indicating potential for short-term adjustments while remaining optimistic about sectors like pharmaceuticals and precious metals [9] - Dongfang Securities noted that the market is likely to continue its range-bound oscillation, with quality thematic stocks and technology stocks being attractive for accumulation during dips [10]

可控核聚变概念多股高开，融发核电（002366）涨超9%，国光电气涨近4%，保变电气（600550）、雪 人股份（002639）、哈焊华通（301137）等跟涨。 暗盘资金一眼洞悉庄家意图>> ...

一、行情回顾 市场全天冲高回落，三大指数午后集体跳水。可控核聚变概念表现活跃，王子新材、尚纬股份、融发核电等多股涨停。创新药概念股再度大涨，海辰药业、 众生药业等封板，信立泰、科伦药业创历史新高。下跌方面，航运港口板块延续跌势，南京港、连云港跌停；电力股集体调整，西昌电力、乐山电力跌停。 个股跌多涨少，沪深京三市下跌个股超4200只，今日成交1.18万亿。 二、当日热点 1.核聚变 核聚变板块今日继续大涨，王子新材、中洲特材等继续涨停，尚纬股份2连板，融发核电涨停。 5月23日，行情数据显示，美核电股盘后集体大涨。Altman持股的Oklo涨幅从15.63%收窄至12.54%，Centrus能源涨12.4%，Nuscale涨10.15%，Uranium能源 涨8.14%等。 新浪财经消息称，称特朗普将签署核能命令，这些行政命令将试图简化新反应堆审批的监管流程，并加强燃料供应链。 国内方面核电领域近期也迎来重大催化。国家能源局近日发布关于促进能源领域民营经济发展若干举措的通知。其中提到，支持民营企业参股投资核电项 目，建立健全长效工作机制。国家今年新核准浙江三门、福建霞浦、山东海阳、广东台山、广西防城港等5个核 ...

Group 1 - The controllable nuclear fusion sector in A-shares experienced a significant surge, with the sector index rising over 4% and 30 stocks within the sector increasing in value [1][2] - Notable performers included Xue Ren Co., Ltd. (002639) and Rongfa Nuclear Power (002366), both hitting the daily limit up, while Chen Guang Medical (430300) saw an increase of over 26% [1][2] - The controllable nuclear fusion index reached 1476.66, reflecting a rise of 3.71% [2] Group 2 - The U.S. nuclear energy sector saw a collective surge in stock prices, which positively influenced Asian nuclear power stocks, leading to gains in the Hong Kong market [3][4] - The China General Nuclear Power Index (887716.WI) rose by 3.6%, while the Nuclear Power Index (884046.WI) increased by 2.32% [3][4] Group 3 - Recent developments in the nuclear energy sector indicate a critical phase in the construction of nuclear fusion experimental reactors, with significant progress expected [5] - The BEST reactor project has officially commenced assembly, aiming for completion by 2027, while the CRAFT reactor is projected to be completed by the end of 2025 [5] - The market anticipates a rapid development in the controllable nuclear fusion industry, with increased project tenders and commercialization efforts expected in 2025 [5]