Core Viewpoint - The controlled nuclear fusion sector in China has made significant progress, leading to a strong reaction in the capital market, with a notable increase in stock prices and trading volume [1][3]. Market Reaction - On October 9, the first trading day after the National Day and Mid-Autumn Festival, the controlled nuclear fusion sector index surged by 6.34%, with a trading volume of 556 billion [1][2]. - Individual stocks such as Changfu Co. (920396.BJ) rose by 23.5%, while Guoguang Electric (688776.SH) and Hahai Huaton (301137.SZ) hit the daily limit of 20% [1][2]. Key Developments - The recent rally is driven by a "milestone" achievement in China's nuclear fusion field during the National Day holiday, specifically the successful construction of the key component, the Dewar base, for the BEST project in Hefei, Anhui [3][4]. - The BEST project is expected to be completed by the end of 2027, aiming to demonstrate fusion energy generation for the first time globally [3][4]. Project and Investment Landscape - The BEST project is operated by Fusion New Energy (Anhui) Co., established in May 2023, with an initial registered capital of 5 billion, which will increase to 14.5 billion by June 2024 [4]. - The supply chain for the BEST project includes 16 A-share listed companies, with significant contributions from Shanghai Electric (601727.SH) and West Superconducting (688122.SH) [4]. - Recent reports indicate that private enterprises and capital are increasingly entering the fusion energy sector, with several companies announcing financing rounds [4][5]. Industry Outlook - According to research, the commercialization path for nuclear fusion technology is becoming clearer, with global investments expected to exceed $7.1 billion in 2024 [5]. - The industry is anticipated to enter a capital expenditure acceleration cycle during the 14th Five-Year Plan, with ongoing orders for related components [5].
核能领域迎重大利好！可控核聚变板块午盘大涨超6%，多股涨停
2 1 Shi Ji Jing Ji Bao Dao·2025-10-09 05:01