Core Viewpoint - The controllable nuclear fusion concept has seen a rise of 2.53%, ranking seventh among concept sectors, with significant gains from stocks like Hongxun Technology, Xuren Group, and China Nuclear Construction, which reached their daily limit [1] Group 1: Market Performance - The controllable nuclear fusion sector had 77 stocks rising, with notable increases from Hongxun Technology (10.02%), Xuren Group (10.01%), and China Nuclear Construction (10.01%) [1][3] - The sector experienced a net inflow of 5.088 billion yuan, with 70 stocks receiving net inflows, and 20 stocks exceeding 100 million yuan in net inflow [2] - The top net inflow stock was Xuren Group, attracting 809 million yuan, followed by China West Electric (720 million yuan) and Yongding Co. (554 million yuan) [2] Group 2: Stock Performance - The stocks with the highest net inflow ratios included China West Electric (36.41%), Hongxun Technology (35.07%), and China Nuclear Construction (24.93%) [3] - Other notable performers included Yongding Co. (8.02%) and Wangzi New Materials (13.34%) [3] - Stocks with significant declines included Zhongtian Rocket (-5.89%), Western Materials (-3.86%), and Xizhuang Co. (-3.47%) [1][8]

Market Overview - The A-share market experienced fluctuations on January 7, with all three major indices closing higher. The Shanghai Composite Index rose by 0.05%, marking a 14-day consecutive increase, and approached the 4100-point level. The Shenzhen Component Index increased by 0.06%, while the ChiNext Index gained 0.31% [2] Trading Volume and Sector Performance - The total market turnover exceeded 2.88 trillion yuan, an increase of 493 billion yuan from the previous trading day, with over 2100 stocks rising. Key sectors that performed well included photoresists, coal mining and processing, storage chips, photolithography machines, and controllable nuclear fusion, while sectors like brain-computer interfaces and internet insurance saw collective adjustments [4] Notable Stocks - The commercial aerospace sector was notably active, with stocks such as Shaoyang Hydraulic, Guanggang Gas, and Shengbang Safety hitting the daily limit. Stocks like Chengjian Development and Galaxy Electronics also showed strong performance with consecutive gains [4] - LeiKe Defense achieved a six-day consecutive increase, closing at 16.71 yuan per share, with a total market capitalization exceeding 22 billion yuan. The stock has seen a cumulative increase of over 188% since its upward trend began on November 24, 2025 [4] Coal Sector Insights - The coal sector continued to rise, with companies like Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit. Other notable performers included Zhengzhou Coal Power and Shanxi Coking Coal [5][6] - According to Guohai Securities, the coal mining industry's supply constraints remain unchanged, while demand may fluctuate. The industry is expected to see improvements in supply-demand relationships by 2026, with policies supporting price stability and profitability [6] Controllable Nuclear Fusion Sector - The controllable nuclear fusion sector saw strong gains, with companies like Hongxun Technology, Snowman Group, and China Nuclear Engineering hitting the daily limit. The sector's index rose by 2.53% [8] - Energy Singularity Company announced significant progress with its high-temperature superconducting tokamak nuclear fusion experimental device, achieving a stable long-pulse plasma operation for 120 seconds. This marks a milestone in the commercialization of fusion energy [10] - Northeast Securities anticipates that the controllable nuclear fusion industry is transitioning from experimental validation to commercial demonstration, with expectations for demonstration power generation by the mid-21st century [10]

Market Overview - The total market turnover exceeded 2.88 trillion yuan, an increase of 493 billion yuan compared to the previous trading day, with over 2,100 stocks rising [2] Sector Performance - The sectors that saw the highest gains included photoresists, coal mining and processing, storage chips, photolithography machines, and controllable nuclear fusion, while brain-computer interfaces and internet insurance sectors experienced collective adjustments [3] - The coal sector continued to rise, with stocks such as Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit, while Zhengzhou Coal Electricity, Lu'an Environmental Energy, and Shanxi Coking Coal also showed significant gains [6][8] Notable Stocks - Reiko Defense achieved a "6 consecutive limit up" and topped the A-share hot stock list, closing at 16.71 yuan per share, with a total market value exceeding 22 billion yuan. The stock has seen a cumulative increase of over 188% since the upward trend began on November 24, 2025 [3][5] - The controllable nuclear fusion sector saw strong gains, with companies like Hongxun Technology, Xue Ren Group, China Nuclear Construction, and Guoji Heavy Equipment hitting the daily limit [9] Coal Industry Insights - According to Guohai Securities, the supply constraints in the coal mining industry remain unchanged, while demand may fluctuate. The industry is expected to see improvements in supply-demand relationships by 2026, with policies supporting price increases and profitability recovery [8] - Leading coal companies exhibit characteristics of high profitability, high cash flow, high asset quality, high dividends, and high barriers to entry, making them attractive for investment [8] Controllable Nuclear Fusion Developments - Energy Singularity Company announced significant progress with its high-temperature superconducting Tokamak nuclear fusion experimental device, achieving a stable long-pulse plasma operation for 120 seconds, marking a milestone in commercial nuclear fusion technology [12] - Northeast Securities anticipates that the controllable nuclear fusion industry is transitioning from experimental validation to commercial demonstration, with expectations for demonstration power generation by the mid-21st century [12]

| 代码 名称 | *● | | 最新 涨幅% 金额 近一年涨幅% | | | --- | --- | --- | --- | --- | | 688727 恒坤新材 圆 ¥ | | 62.06 | 19.99 10.38 乙 | 314.01 | | 002639 雪人集团 ■ * | | 21.96 | 10.02 44.69 Z | 212.82 | | 000905 厦门港务 圆 : | | 14.17 | 10.02 6.48 乙 | 124.92 | | 002222 福晶科技 ■ | | 63.98 | 10.01 18.93亿 | 94.47 | | 002788 鹭燕医药 + | | 24.99 | 9.99 12.13 乙 | 213.55 | | 600711 盛屯矿业 圆 | | 17.31 | 8.26 26.48 7 | 283.81 | | 603306 华懋科技 圆 | | 67.02 | 6.40 8.63 乙 | 107.81 | | 000547 航天发展 圆 t | | 36.16 | 6.10 127.68 亿 | 383.42 | | 300648 星云股份 ■ | ...

Core Viewpoint - The market for controllable nuclear fusion stocks is experiencing a strong upward trend, driven by optimistic sentiment regarding the commercialization prospects of fusion technology [1][3]. Group 1: Market Performance - As of January 7, several controllable nuclear fusion concept stocks, including Hongxun Technology, Xue Ren Group, and China Nuclear Engineering, reached their daily price limits, indicating strong investor interest [1]. - Notable stocks with significant price increases include Tianli Composite, which rose by 12.66% to 98.88, and Xue Ren Group, which increased by 10.02% to 21.96 [2]. Group 2: Industry Outlook - The controllable nuclear fusion energy sector is recognized for its abundant resources, environmental friendliness, and zero-carbon safety, making it a key solution for global energy and environmental challenges [3]. - The International Energy Agency predicts that the global nuclear fusion market could approach 3.5 trillion yuan by 2030 [3]. - China's advancements in nuclear fusion technology, including participation in international projects like ITER and the development of major scientific facilities, position it at the forefront of the industry [3]. Group 3: Technological Developments - Recent advancements include the development of the PaMMA-Net deep neural network model, which enhances predictive capabilities for plasma behavior in fusion reactors, potentially accelerating research and commercialization efforts [4]. - The integration of AI and high-temperature superconductors is expected to significantly reduce construction costs and speed up the iteration of fusion devices, driving investment in the sector [5]. Group 4: Investment Opportunities - The controllable nuclear fusion sector is anticipated to maintain capital expenditures of approximately 92 billion yuan from 2026 to 2030, with annual investments exceeding 10 billion yuan [6]. - Domestic companies are positioned to benefit from the complete localization of upstream raw materials and midstream equipment manufacturing, enhancing their competitive advantage in the market [6].

Group 1 - The core viewpoint of the news is that Xue Ren Group's stock has shown significant fluctuations, with a recent increase of 2.10% and a total market capitalization of 15.42 billion yuan [1] - As of January 6, the stock price is 19.96 yuan per share, with a trading volume of 856 million yuan and a turnover rate of 6.78% [1] - Year-to-date, the stock has increased by 7.31%, with a 3.06% decline over the last five trading days, a 29.86% increase over the last 20 days, and an 80.14% increase over the last 60 days [1] Group 2 - Xue Ren Group, established on March 9, 2000, and listed on December 5, 2011, is based in Fuzhou, Fujian Province, and specializes in ice-making equipment and systems [2] - The company's main business revenue composition includes 70.80% from product sales, 23.22% from technical services, 5.56% from engineering construction, and 0.41% from other businesses [2] - The company operates in the mechanical equipment industry, specifically in general equipment and refrigeration and air conditioning equipment, and is involved in various concept sectors such as nuclear fusion and cold chain logistics [2] Group 3 - As of December 10, the number of shareholders in Xue Ren Group has increased to 184,000, a rise of 9.44%, while the average circulating shares per person decreased by 8.63% to 3,535 shares [2] - For the period from January to September 2025, Xue Ren Group achieved operating revenue of 1.631 billion yuan, representing a year-on-year growth of 24.26%, and a net profit attributable to shareholders of 39.1652 million yuan, up 16.63% year-on-year [2] - The company has distributed a total of 74.42 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002639 证券简称：雪人集团 公告编号：2026-001 福建雪人集团股份有限公司 关于股东股权质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、股东股份质押的基本情况 福建雪人集团股份有限公司（以下简称"公司"或"本公司"）近日接到控股股东林汝捷先生的函告，获悉 林汝捷先生所持有本公司的部分股份被质押，具体事项如下： 1、本次股份质押基本情况 ■ 特此公告。 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： ■ 二、其他说明 1、本次控股股东林汝捷先生部分股份被质押事项不会对公司生产经营、公司治理等产生不利影响，不 存在业绩补偿义务履行等情况。 2、目前控股股东林汝捷先生具备相应的偿付能力，所质押的股份不存在平仓或被强制过户的风险，质 押风险在可控范围之内。若后续出现平仓风险，控股股东林汝捷先生将积极采取措施进行应对。公司将 持续关注其股票质押情况及质押风险情况，并按规定及时做好相关信息披露工作，敬请投资者注意投资 风险。 三、备查文件 1、股份质押登记证明； 2、中国 ...

证券研究报告 | 行业简评报告 2026 年 1 月 4 日 可控核聚变行业简评报告 大国能源必争之地，静待产业进展 中游制造/机械 本篇报告回顾了可控核聚变板块 2025 年以来的行情，梳理了相关事件催化，并 对 2026 年的行情做出了展望。整体来看，核聚变已成为我国重要战略发展方向， 目前，我国各聚变装置建设正稳步推进中。我们认为，2027 年我国 BEST 装置 点火、2028 年美国 Helion 装置接入电网交付微软、2030 年代谷歌与 CFS 的 200 兆瓦购电协议等事件有望重振板块关注度，产业链相关公司仍值得重视。 ❑ 风险提示：产业进展不及预期、政策不及预期。 推荐（维持） 行业规模 | | | 占比% | | --- | --- | --- | | 股票家数（只） | 476 | 9.2 | | 总市值（十亿元） | 5003.4 | 4.6 | | 流通市值（十亿元） | 4322.6 | 4.4 | fangjiamin@cmschina.com.cn 行业指数 敬请阅读末页的重要说明 % 1m 6m 12m 绝对表现 8.0 29.1 45.2 相对表现 4.9 11.1 28. ...

福建雪人集团股份有限公司 关于股东股权质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东股份质押的基本情况 福建雪人集团股份有限公司（以下简称"公司"或"本公司"）近日接到控 股股东林汝捷先生的函告，获悉林汝捷先生所持有本公司的部分股份被质押，具 体事项如下： 2、股东股份累计质押情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | 本次质押 | 本 次质 押 | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 持股数量 | 持股比 | 前质押股 | 后 质押 股 | 占其所 | 占公司 | 情况 | | 情况 | | | 股东名称 | （万股） | 例 | | | 持股份 | 总股本 | 已质押股 | 占已质 | 未质押股份 | 占未质 | | | | | 份 数 量 （万股） | 份 数 量 （万股） | 比例 | 比例 | 份限售和 | 押股份 | 限售和冻结 | ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司和谷歌在数据中心制冷方面是否有合作， 是否有实际订单产生？ 雪人集团（002639.SZ）12月31日在投资者互动平台表示，公司与谷歌目前暂时没有业务合作。 ...