AT&M(SZ:000969) Chang Jiang Shang Bao·2025-11-25 23:35Core Viewpoint - The company, Antai Technology, has achieved significant milestones in the field of controllable nuclear fusion by securing major contracts for critical components, marking a breakthrough in this ultimate energy sector [1][3]. Group 1: Recent Achievements - On November 21, Antai Technology successfully won a bid for the BEST fusion device's divertor target plate and integration project, valued at approximately 69.9 million yuan [2][3]. - The company also completed the delivery of a 30 million yuan EAST (East Superconducting Tokamak) divertor target plate project, which passed expert review on November 19 [1][3]. - These achievements are seen as a key milestone in the company's journey within the controllable nuclear fusion sector [1][3]. Group 2: Technological Leadership - Antai Technology is recognized as a leader in the field of refractory metal materials, focusing on the research and development of key supporting materials for controllable nuclear fusion [3][9]. - The company has established a comprehensive industrial platform that integrates material development, product manufacturing, and system integration, providing lifecycle solutions for high-end users [8][9]. - Antai Technology's innovations have led to significant advancements in the performance and lifespan of fusion devices, particularly through the development of materials that can withstand extreme conditions [3][7]. Group 3: Market Position and Financial Performance - Antai Technology has positioned itself as a top supplier in the refractory metal sector, with a strong focus on tungsten and molybdenum materials [9]. - The company has reported continuous profitability since 2019, with net profits of 211 million yuan, 249 million yuan, and 372 million yuan from 2022 to 2024, respectively [10]. - In the first three quarters of 2025, the company achieved a net profit of 282 million yuan, indicating ongoing financial growth [10].