

Core Viewpoint - The report from Huatai Securities highlights the broad application prospects of superconducting materials with zero resistance characteristics at certain temperatures in the fields of power, industry, and transportation. The advantages of high-temperature superconductors over low-temperature superconductors, including higher critical temperature, current, and magnetic field, expand the application space for superconducting materials [1] Group 1: Market Potential - The demand for controllable nuclear fusion is driving the cost reduction of high-temperature superconducting tapes, with leading companies' production costs nearing the price parity line for applications in industrial heating and power cables as estimated by Huatai Securities [1] - The accelerating demand for nuclear fusion is expected to further enhance the economic viability of high-temperature superconductors, opening up a market space worth hundreds of billions [1]