中信证券：高温超导材料技术持续突破 下游空间广阔

Core Insights - The report from CITIC Securities highlights the continuous breakthroughs in high-temperature superconducting materials technology, which is expected to benefit downstream applications in strong electricity and high magnetic field sectors [1] - High-temperature superconducting magnets are identified as a core application with significant development potential in areas such as controlled nuclear fusion, superconducting induction heating, superconducting magnetic single crystal furnaces, superconducting magnetic levitation, and commercial aerospace electromagnetic propulsion [1] - The industry is anticipated to maintain a rapid growth trend driven by downstream application validation and industrial breakthroughs, with new application scenarios emerging alongside industry development [1] Industry Recommendations - It is suggested to focus on the midstream segments, particularly high-temperature superconducting tapes and high-temperature superconducting magnets, which are most directly driven by orders [1] - Continuous tracking of commercial progress in various downstream fields and the exploration of new application scenarios is recommended [1]