Zheng Quan Shi Bao·2025-10-06 03:48Group 1: Core Developments in Fusion Energy - The BEST project in Hefei, Anhui, has achieved a significant breakthrough with the successful development and installation of the Dewar base, marking a new phase in the construction of the fusion energy experimental device [1] - The BEST device utilizes compact high-field superconducting tokamak technology and aims to demonstrate nuclear fusion power generation for the first time internationally by 2027 [1] - Germany's government has approved an action plan to build the world's first nuclear fusion power plant, with over €2 billion allocated for research and infrastructure by 2029 [1] Group 2: Policy Support and Market Outlook - The newly passed Atomic Energy Law in China encourages and supports controlled thermonuclear fusion research and technology development, effective from January 15, 2026 [2] - The law establishes a management system tailored to fusion characteristics, promoting the application of fusion technology [2] - Analysts from CITIC Securities and Open Source Securities express optimism about the long-term growth of the controlled fusion industry, citing increased financing and accelerated construction of facilities [2] Group 3: Financial Performance of Related Companies - Shanghai Electric leads in net financing buy-ins among fusion-related stocks, with a total of ¥16.38 billion, followed by companies like Western Superconducting and Yongding Co., which also show significant buy-ins [3] - Predictions indicate substantial profit growth for several companies in the fusion sector, with Yongding Co. expected to see a 451.02% increase in net profit by 2025 [6][3] - Companies like Western Superconducting and Shanghai Electric are also projected to experience over 40% growth in net profits, reflecting strong market interest and institutional support [6][3] Group 4: Technological Contributions and Innovations - Shanghai Electric has been involved in the "artificial sun" fusion project since 2000, showcasing its core equipment at the recent Industrial Expo [5] - Western Superconducting is actively engaging with major domestic fusion projects, leveraging its superconducting materials for fusion applications [5] - Hezhong Intelligent has contributed to the development of the vacuum chamber, a critical component of the BEST fusion device [7]