FIRMACO(SH:600967) Zhong Guo Xin Wen Wang·2025-10-16 13:52Core Insights - China's research on nuclear fusion, referred to as the "artificial sun," is advancing into the burning experiment phase, moving beyond principle exploration and scale experiments [1][3] - The "China Fusion Engineering Test Reactor" (CFETR) is a significant project, with plans to conduct burning plasma experiments by 2027 and to establish a fusion pilot engineering test reactor by 2035, aiming for commercial fusion reactors by 2050 [3][4] Group 1: Technological Advancements - The "China Fusion Engineering Test Reactor" has achieved a plasma current of 1 million amperes and an ion temperature of 100 million degrees Celsius, setting a new record for fusion device operation in China [3][4] - The use of magnetic confinement to control fusion reactions is a key technological approach, with devices like "China Fusion Engineering Test Reactor" and "Xuanlong-50U" employing this method [3][4] Group 2: International Collaboration - China is actively participating in the International Thermonuclear Experimental Reactor (ITER) project, contributing to the global effort in fusion energy research by delivering large equipment components and completing core device installation tasks ahead of schedule [6][7] - The contribution of Chinese scientists to the ITER project has been recognized, with ongoing assembly work being highlighted by ITER's Director-General [6][7] Group 3: Market and Investment Landscape - The advancements in fusion energy technology have attracted significant interest from the capital markets, leading to the emergence of various commercial companies exploring fusion commercialization [4][6] - The transition from "catching up" to "keeping pace" in fusion energy research indicates China's growing capabilities and potential to lead in certain technological areas [6]