智通财经网·2025-07-25 05:55Group 1 - The establishment of China Fusion Company on July 22 marks a significant transition from experimental research to engineering and commercial application in fusion energy [1] - China Fusion Company, a subsidiary of China National Nuclear Corporation (CNNC), is responsible for the innovation and commercialization of fusion energy using magnetic confinement Tokamak technology [1] - A total of 114.92 billion yuan has been raised from seven entities, including CNNC and China National Petroleum Corporation, at a price of 1.0019 yuan per share, with CNNC remaining the controlling shareholder [1] Group 2 - Shanghai is actively promoting the commercialization of fusion technology through policy support and financial guidance, encouraging collaboration among enterprises, universities, and research institutions [2] - Shanghai has achieved breakthroughs in high-temperature superconducting core technology, with over 80% market share in domestic and international fusion reactor supply [2] - The establishment of a fusion innovation consortium will accelerate the development of the industry ecosystem and enhance technological innovation density [2] Group 3 - The global fusion industry is thriving, with at least 45 commercial fusion companies and cumulative investments of approximately 7 billion USD, with 80% of surveyed companies expecting to achieve grid supply in the 2030s [3] - China has validated the feasibility of fusion reactors through national research projects and plans to start the BEST project in 2025, aiming for grid connection by 2030 [3] - The role of state capital in Shanghai encourages social capital to foster upstream and downstream innovative enterprises, potentially shortening the growth cycle of the fusion industry [3] Group 4 - Investment focus should be on midstream equipment such as high-temperature superconductors and detection systems, with relevant companies identified [4] - Upstream material companies involved in high-temperature superconducting materials are also highlighted as potential investment opportunities [4]