HFM(SH:603011) Mei Ri Jing Ji Xin Wen·2025-08-26 17:52Core Insights - The company, Hezhong Intelligent, reported a total operating revenue of 982 million yuan for the first half of 2025, representing a year-on-year increase of 8.23%, while the net profit attributable to shareholders decreased by 11.39% to 9.51 million yuan [1][2][3] Company Performance - The company is primarily engaged in high-end forming equipment and intelligent sorting equipment, providing products and services including hydraulic presses, mechanical presses, color sorters, and core components for fusion reactors [1][2] - The revenue structure shows that color sorters remain a significant part of the revenue, generating 489 million yuan, while hydraulic presses and mechanical presses contributed 304 million yuan and 146 million yuan, respectively, together accounting for over 95% of total revenue [2] Industry Developments - Hezhong Intelligent is involved in the manufacturing of core components for controlled nuclear fusion, with significant projects such as the BEST vacuum chamber, which has a total contract value of 209 million yuan [2][3] - The company has made progress in manufacturing key components, including the delivery of the first batch of gravity supports for the BEST vacuum chamber and the independent research and development of Inconel718 super bolts [3] Market Outlook - The global controlled nuclear fusion market is projected to grow from 331.49 billion USD in 2024 to 351.11 billion USD in 2025, with a compound annual growth rate of 8.1% expected to reach 479.5 billion USD by 2029 [3][4] - The industry is attracting significant investment, with over 7.1 billion USD expected in 2024, and major companies in the US securing substantial funding [4]