核聚变、氢能源，603169新动向

Core Viewpoint - Lansi Heavy Industry (603169) is advancing its development in nuclear energy and hydrogen energy equipment by establishing joint laboratories with Hefei Comprehensive National Science Center's Energy Research Institute to promote research and industrial development in zero-carbon technologies and high-performance fusion heat exchange equipment [2][3][4]. Group 1: Joint Laboratory Agreements - Lansi Heavy Industry and its subsidiary signed agreements to establish joint laboratories focused on hydrogen-ammonia fusion engineering technology and high-efficiency fusion heat exchange equipment [2][3]. - The collaboration aims to enhance research in controlled nuclear fusion and develop new technologies for high-performance heat exchange systems [3][4]. Group 2: Research Directions and Goals - The joint laboratory for fusion heat exchange equipment will focus on three main areas: compact and efficient heat exchange systems for fusion power generation, low-temperature heat exchange equipment, and optimization of flow channels in Tokamak devices [3][4]. - The goal is to create a roadmap for technology development within one year and achieve significant results in the fusion energy sector within two to five years, including prototypes for efficient heat exchange equipment [4]. Group 3: Hydrogen-Ammonia Fusion Technology - The establishment of the hydrogen-ammonia fusion engineering technology laboratory will facilitate research in modular flexible ammonia synthesis, green hydrogen liquefaction, and ammonia cracking for hydrogen production [4][5]. - The aim is to develop a modular industrial ammonia synthesis facility powered by renewable energy sources and establish a hydrogen station with a capacity exceeding 1000 kg/d [5]. Group 4: Market Position and Growth - Lansi Heavy Industry has built a robust industry system in the fusion heat exchange equipment sector, achieving a 90% market share in nuclear-grade plate heat exchangers [6]. - The company reported a 32.16% year-on-year increase in nuclear energy orders, amounting to 306 million yuan in the first half of 2025, and is enhancing production capacity to meet future market demands [7].