年内核聚变相关项目中标总额超24亿元，行业进入资本开支扩张周期

Group 1 - The total amount of projects announced by the Hefei Institute of Plasma Physics and Fusion Energy in Anhui exceeded 2.4 billion yuan, with 9 projects having a budget over 50 million yuan [1] - From January 1 to December 12, 2025, the BEST project had 43 tenders with a budget of 2.043 billion yuan, while the EAST and CRAFT projects had 10 and 12 tenders with budgets of 18 million yuan and 77 million yuan respectively [1] - The industry is transitioning from intensive bidding to concentrated winning bids, indicating a validation of capital expenditure expansion logic [1] Group 2 - The global controllable nuclear fusion market is projected to reach 496.5 billion dollars by 2030 and may exceed 1 trillion dollars by 2050, with 35 major companies planning to operate commercial demonstration reactors between 2030 and 2035 [2] - The market for high-temperature superconducting materials used in controllable nuclear fusion technology verification devices is expected to experience exponential growth, potentially becoming a core sector worth hundreds of billions or even trillions by 2035 [2] - The A-share market has included controllable nuclear fusion in its "future industries" top-level planning, indicating that industry capital expenditure is entering an upward cycle [2]