Huaxin Securities·2025-10-22 01:35Core Insights - The report indicates that the current market sentiment is at a high level, with a score of 80, categorizing it as "overheated" [5][8] - The report highlights three key investment themes: energy storage, eSIM technology, and nuclear fusion, each showing significant growth potential [5] Energy Storage - The "New Energy Storage Special Action Plan" in China aims for an installed capacity of 180 million kilowatts by 2027, attracting direct investments of 250 billion yuan, with policies enhancing project IRR to over 8% [5] - Overseas orders for energy storage are expected to surge by 220% year-on-year in the first half of 2025, reaching 160 GWh, indicating a shift in supply-demand dynamics [5] - Key companies in this sector include CATL (300750) and Sungrow Power (300274) [5] eSIM Technology - China Unicom launched its eSIM service on October 13, with over 60,000 reservations, indicating strong market interest [5] - The revival of eSIM services by the three major telecom operators in China is expected to accelerate commercial adoption [5] - Relevant companies include Eastcompeace Technology (002017) and Unisoc (002049) [5] Nuclear Fusion - The CRAFT project in China achieved a significant breakthrough with the successful testing of a key component, demonstrating a steady thermal load capacity of 20 MW/m² [5] - This development marks a milestone in the creation of the largest and highest thermal load filter prototype designed independently in China [5] - Companies involved in this field include Chuangyuan New Materials (002171) and Hongxun Technology (603015) [5]