中信证券：对可控核聚变行业坚定看好

Core Viewpoint - The controlled nuclear fusion industry is approaching a bottom in transaction volume, with multiple devices expected to open for bidding in September and October, indicating a positive outlook for the industry [1] Industry Summary - Recent observations show that the transaction volume share in the controlled nuclear fusion sector is nearing its lowest point [1] - There is an expectation of multiple device bidding openings in the upcoming months, which could stimulate market activity [1] - Global policy signals are becoming clearer, financing scales are increasing, and the construction of devices is accelerating, alongside significant technological advancements [1] Long-term Growth Perspective - The long-term growth trend of the controlled nuclear fusion industry has been established, particularly from the perspective of major power competition [1] - The acceleration of domestic and international device construction is likely to lead to a substantial release of orders for component manufacturers [1] - The overall outlook for the controlled nuclear fusion industry remains optimistic [1]