Zhong Guo Zheng Quan Bao·2025-12-12 08:29Market Overview - The A-share market saw a rebound with all three major indices rising: the Shanghai Composite Index increased by 0.41%, the Shenzhen Component Index rose by 0.84%, and the ChiNext Index gained 0.97%. The total market turnover was approximately 2.11 trillion yuan [2]. Sector Performance - The controllable nuclear fusion sector led the market, with Tianli Composite hitting a "30CM" limit up, achieving a historical high closing price of 60.84 yuan per share, and a five-day increase of 117.21% [5][8]. - The precious metals sector performed strongly, with companies like Zhaojin Mining, Xiaocheng Technology, and Western Gold rising over 6% [5]. - The semiconductor sector was active in the afternoon, with Jingfeng Mingyuan hitting a "20CM" limit up, and companies like Yandong Micro and Zhongke Feimiao rising over 10% [11][12]. Notable Stocks - Zhongzhou Special Materials saw a significant increase of 20.01% to 23.39 yuan, while Sry New Materials rose by 17.58% to 34.45 yuan [7]. - Aikesaibo and Changfu Co. also showed strong performance, with increases of 12.76% and 11.38%, respectively [7]. Policy and Industry Insights - A recent policy from Beijing Economic and Technological Development Zone aims to accelerate the cultivation of future energy industries, supporting various technological paths in fusion energy development [8]. - The report from Tianfeng Securities highlights challenges faced by U.S. power operators due to rising electricity demand and the need for flexible resource combinations, indicating potential opportunities for Chinese component manufacturers in the gas turbine sector [9]. Semiconductor Industry Outlook - China Galaxy Securities reports that the wafer manufacturing giant SMIC is expected to exceed a monthly production capacity of 1 million wafers by Q3 2025, with a utilization rate increase of 3.3 percentage points to 95.8% [12]. - The semiconductor sector's long-term growth logic remains intact, with a focus on companies with high revenue from semiconductor fields and clear technological barriers [12].