HFM(SH:603011) Jing Ji Guan Cha Wang·2026-02-12 01:29Core Insights - The company is expected to report a net loss of between 180 million to 260 million yuan for the year 2025, indicating an increase in losses compared to the previous year [1] Financial Performance - The company announced on January 24, 2026, that it anticipates a net profit loss attributable to shareholders of 180 million to 260 million yuan for 2025, with losses expected to widen year-on-year [1] Project Development - On January 23, 2026, the company won a bid for the "BEST Shielding Layer System Stainless Steel Shielding Block Procurement Project" related to fusion energy, with a contract value of approximately 36.81 million yuan. The project has entered the execution phase, and subsequent delivery progress will be closely monitored [1] Industry Policy Landscape - The "Atomic Energy Law," set to be implemented in 2026, explicitly encourages the development of thermal nuclear fusion, which may have a long-term impact on the company's involvement in fusion-related business [1]