Sansure Biotech(SH:688289) Ge Long Hui·2025-10-09 07:41Core Viewpoint - The establishment of Honghu Fusion (Shanghai) Energy Technology Co., Ltd. marks a significant step in China's pursuit of commercial fusion energy, with a focus on high-temperature superconducting stellarator technology, which is seen as a strategic high ground in global energy technology competition [1] Company Summary - Saint Shine (688289.SH) has indicated its interest in the fusion energy sector, which is recognized as a potential solution to global energy crises and environmental issues [1] - The company’s actual controller and chairman, Dai Lizhong, founded Honghu Fusion in 2023, making it the first domestic enterprise focused on commercial fusion using stellarator technology [1] - Honghu Fusion possesses world-leading capabilities in stellarator design and development [1] Industry Summary - Shanghai has identified nuclear fusion as a key future industry, emphasizing its importance in the global energy landscape [1] - The collaboration between Honghu Fusion and Shanghai Jiao Tong University aims to enhance domestic commercial fusion development through joint laboratory construction, technology research, and talent cultivation [1] - The project is currently funded solely by Dai Lizhong's personal investment, with any potential involvement from the listed company subject to careful consideration and necessary approvals [1]