证券代码：301137 证券简称：哈焊华通 公告编号：2025-075 哈焊所华通（常州）焊业股份有限公司 2025 年第三次临时股东会决议公告 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。 特别提示： 1. 本次股东会未出现否决议案的情形； 2. 本次股东会不涉及变更以往股东会已通过的决议； 3. 本次股东会以现场投票与网络投票相结合的方式召开。 一、会议召开和出席情况 1、会议召开时间： （1）现场会议召开时间：2025 年 12 月 30 日（星期二）14:30 （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 12 月 30 日（星期二）上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 通过互联网系统投票的具体时间为 2025 年 12 月 30 日（星期二）上午 9:15 至下午 15:00 的任意时间。 2、会议召开地点：江苏省常州市武进区遥观镇长虹东路 386 号哈焊所华通 （常州）焊业股份有限公司（以下简称"公司"）六楼会议室。 3、会议召开方式：本次股东会采用现场表决与网络 ...

Core Viewpoint - The A-share market is experiencing a strong performance in the controllable nuclear fusion sector, with several companies showing significant stock price increases [1] Group 1: Company Performance - Hongwei Technology saw a stock increase of over 17% [1] - Changfu Co., Ltd. increased by over 15% [1] - Haheng Huatuo rose by over 10% [1] - Prince New Materials, Sichuang Electronics, Baili Electric, and Guotai Group all hit the 10% daily limit [1] - Xue Ren Group, Hailu Heavy Industry, and Guoji Heavy Equipment increased by over 9% [1] - China Nuclear Construction rose by over 6% [1] - Other companies such as Atlantic, Rongfa Nuclear Power, Aikesai Bo, Guoguang Electric, Western Superconducting, and Antai Technology increased by over 5% [1]

Group 1 - The controllable nuclear fusion sector is experiencing strong growth, with companies like Western Materials reaching new highs and several others, including Wangzi New Materials and Xue Ren Group, hitting the daily limit up [1] - The domestic production rate of key nuclear fusion equipment has exceeded 96%, with critical components like tungsten-based divertors and high-temperature superconducting tapes now being produced independently [1] - The industry is entering a new phase characterized by multiple competitive technological routes and concentrated capital investment, driven by advancements in the BEST device and EAST's long-pulse operation records [2] Group 2 - The nuclear fusion industry is progressing from experimental verification to engineering demonstration, with a clear three-step development plan: experimental pile, demonstration pile, and commercial pile, aiming for completion of the experimental pile by 2035 and commercial demonstration by 2050 [5] - AI technology is playing a significant role in accelerating the commercialization of nuclear fusion, optimizing reaction conditions, and predicting plasma behavior, which enhances the stability and efficiency of fusion reactions [8][13] - Material innovation is crucial for overcoming bottlenecks in the nuclear fusion industry, focusing on surface and structural innovations, optimizing superconducting materials, and enhancing material properties through modification [15][17] Group 3 - Leading companies in the energy equipment sector have made significant progress in the development of core components for nuclear fusion, with a clear path to industrialization and ongoing benefits in sub-sectors like superconductors and divertor materials [23][25] - Four Creation Electronics is the only domestic company to achieve the localization of superconducting magnet power supply modules for fusion devices, securing a significant market position [26][27] - An Tai Technology is a global supplier of core components for controllable nuclear fusion devices, providing a range of products that support various nuclear power technologies [30]

（文章来源：每日经济新闻） 每经AI快讯，12月19日，可控核聚变板块高开，王子新材涨停，常辅股份涨超10%，爱科赛博、哈焊华 通、宏微科技、雪人集团、英杰电气跟涨。 ...

Group 1 - The new industrialization sector is leading the decline, down by 1.96% [1] - Companies such as Hahong Huaton fell by 4.67%, Huasheng Tiancai by 3.13%, and Industrial Fulian by 3.12% [1] - Other companies like Bojie Co., Huachangda, and Hongxun Technology also experienced declines of over 2% [1]

Core Viewpoint - The controlled nuclear fusion sector is experiencing a significant surge, with companies like Guojin Heavy Industry and Prince New Materials hitting their daily price limits, driven by a wave of project awards in December [1] Industry Summary - The nuclear fusion industry is witnessing an accelerated bidding process, with a concentration of project awards occurring in December [1] - From December 1 to December 12, the total value of projects announced by the Hefei Institute of Plasma Physics and Fusion New Energy in Anhui exceeded 2.4 billion yuan, with nine projects having a budget exceeding 50 million yuan [1]

Core Insights - The A-share market for controllable nuclear fusion concept stocks experienced a significant decline, with major stocks like Ha Welding Huatong and Yongding Co. dropping over 8% [1] - Elon Musk publicly criticized nuclear fusion power on social media, stating that building small nuclear fusion reactors on Earth is economically foolish, as the Sun itself is a massive, free nuclear fusion reactor [1] Stock Performance Summary - Ha Welding Huatong: Decreased by 8.72%, market cap at 89.62 billion [2] - Yongding Co.: Decreased by 8.04%, market cap at 29.4 billion [2] - Ice Wheel Environment: Decreased by 6.98%, market cap at 16.8 billion [2] - Changfu Co.: Decreased by 6.46%, market cap at 2.512 billion [2] - Juguang Technology: Decreased by 5.45%, market cap at 14 billion [2] - Aike Saibo: Decreased by 4.62%, market cap at 6.081 billion [2] - Hezhuan Intelligent: Decreased by 4.35%, market cap at 11.7 billion [2] - Hailu Heavy Industry: Decreased by 3.76%, market cap at 10.6 billion [2] - Western Superconducting: Decreased by 3.73%, market cap at 47.2 billion [2] - Rongfa Nuclear Power: Decreased by 3.59%, market cap at 15.6 billion [2] - Changguang Huaxin: Decreased by 3.20%, market cap at 25.5 billion [2]

Group 1 - The core viewpoint of the news is that the controlled nuclear fusion concept stocks in the A-share market experienced a significant decline, influenced by Elon Musk's negative comments on nuclear fusion power generation [1] - Specific stocks that fell include: - Ha Huan Huatong down 8.72% with a market cap of 8.962 billion - Yongding Co. down 8.04% with a market cap of 29.4 billion - Ice Wheel Environment down 6.98% with a market cap of 16.8 billion - Changfu Co. down 6.46% with a market cap of 2.512 billion - Juguang Technology down 5.45% with a market cap of 14 billion [2] Group 2 - Elon Musk publicly criticized the idea of building small nuclear fusion reactors on Earth, calling it economically wasteful and stating that the Sun itself is a massive, free nuclear fusion reactor [1] - Musk emphasized that the energy produced by the Sun could meet all energy demands in the solar system, further questioning the feasibility of small-scale nuclear fusion projects [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the continuous release of BEST orders and the long-term development prospects of the controlled nuclear fusion sector, with significant projects expected to commence soon [7][21] - The signing of Japan's first fusion power purchase agreement by Helical Fusion with Aoki Super marks a significant milestone in the industry [6][18] - The report emphasizes the steady progress in the research and construction of controlled nuclear fusion devices, with key components expected to see ongoing demand [21][22] Summary by Sections Sector Review - All segments within the controlled nuclear fusion sector experienced price increases, with notable stock performances including Aikoseibo (+34.3%), Yongding Co. (+27.8%), and Hahan Huaton (+22.2%) [5][14] - The overall sector saw a positive trend, with all sub-segments rising, particularly magnets (+15.4%), power assemblies (+9.9%), and upstream metal materials (+8.0%) [16][18] Industry Dynamics - Helical Fusion announced the signing of Japan's first fusion energy power purchase agreement, aiming to establish a commercially viable fusion demonstration plant by the 2030s [6][18] - Recent procurement updates indicate ongoing demand for key components, with significant projects awarded, including a total of approximately 9.32 billion yuan for various projects by the China Engineering Physics Research Institute [19][20] Weekly Perspective - The report expresses optimism regarding the long-term prospects of the sector, driven by the expected release of core component orders and advancements in technology [21][22] - Beneficiary stocks identified include those involved in magnets, vacuum chambers, power assemblies, and other critical components [22][23]

Group 1 - The core viewpoint of the news is that 哈焊华通 (Haw Welding Technology) held its fifth board meeting on December 12, 2025, to discuss the revision of the audit committee's rules [1] - The company's revenue composition for the year 2024 is heavily reliant on raw materials, accounting for 99.29%, while other business segments contribute only 0.71% [1] - As of the latest report, 哈焊华通 has a market capitalization of 9.8 billion yuan [2]