机构：我国可控核聚变产业化进程有望迎来加速

Core Viewpoint - China's nuclear fusion energy engineering has entered a substantial and systematic phase of industrial collaborative breakthroughs, with significant advancements in key technologies and partnerships being established [1] Group 1: Industry Developments - On January 16, at the 2026 Nuclear Fusion Energy Science and Industry Conference, the Hefei Comprehensive National Science Center Energy Research Institute signed a series of cooperation agreements with leading enterprises and research institutions in the industry chain [1] - Multiple joint laboratories focusing on key nuclear fusion technologies are being established, including advanced divertor laboratories, high-end metal materials research laboratories, high-multiplication energy storage devices and high-performance equipment laboratories, and nuclear fusion vacuum equipment development laboratories [1] Group 2: Market Outlook - CITIC Securities views nuclear fusion as the ultimate energy source for humanity, with significant long-term growth potential and a current phase driven by major events [1] - Domestic capital expenditure (CapEx) is progressing orderly, and overseas advancements are expected to exceed expectations, establishing a long-term growth trend for the industry [1] - Under the accelerated construction of international and domestic facilities, orders for component manufacturers are expected to be fully released, leading to a positive outlook for the industry [1] Group 3: Policy and Strategic Support - Ping An Securities emphasizes that controllable nuclear fusion is becoming an important energy solution globally, with increasing attention from various countries and the introduction of relevant policies and strategic plans [1] - With the continuous development of China's industrial chain and ongoing technological advancements, breakthroughs in controllable nuclear fusion are expected, supported by increasing policy backing [1] - The industrialization process of controllable nuclear fusion in China is anticipated to accelerate, benefiting related companies in the industry chain [1]