智通财经网·2025-06-30 09:07Group 1 - The core viewpoint of the report highlights the advancements in Tokamak technology represented by EAST and Circulation 3 since 2025, with the BEST project of fusion energy operations starting its assembly ahead of schedule and initiating bidding processes [1][2] - Multiple private enterprises have entered the field, with new startups emerging since 2024, such as Xingneng Xuanguang, Nova, and Xianjue, receiving support from government departments and internet capital [1][2] Group 2 - The power system is identified as a core component of controllable nuclear fusion devices, with its value proportion being second only to the magnetic system in the overall fusion system [3] - The barriers to entry for power systems are high, with companies that have long-term technical accumulation expected to benefit, as the requirements for controllable nuclear fusion power systems are stringent and necessitate customized development [4]