可控核聚变行业点评：商业化进程加速，关注产业链受益标的

Investment Rating - Investment rating: Positive (maintained) [4] Core Viewpoints - The commercialization process of nuclear fusion is accelerating, and attention should be paid to beneficiaries in the industrial chain [4] - Nuclear fusion is seen as a solution to global energy challenges, with advantages such as abundant and environmentally friendly raw materials, high energy density, and enhanced safety compared to nuclear fission [5] - The global investment in the controllable nuclear fusion industry reached $7.1 billion by April 2024, with a significant increase of $900 million compared to the same period in 2023 [5] - The competition between China and the US in nuclear fusion is expected to intensify, leading to increased capital expenditure in the industry [5] Summary by Relevant Sections - Industry Performance: Nuclear fusion is positioned as a critical area in the next energy revolution, with significant advancements in technology and investment [5] - Investment Analysis: The acceleration of nuclear fusion commercialization and the potential for increased domestic capital expenditure suggest that the industrial chain will benefit. Recommended companies include Guoguang Electric, Hezhong Intelligent, Antai Technology, China Nuclear Engineering, and companies related to superconducting magnets [5]