Investment Rating - The industry investment rating is "Overweight" [4] Core Insights - The controllable nuclear fusion industry is gaining momentum with significant technological advancements, such as the successful operation of the "Honghuang 70" superconducting tokamak achieving 120 seconds of steady-state long-pulse plasma operation, marking a milestone for commercial nuclear fusion development [1] - The global controllable nuclear fusion market is projected to reach approximately $331.5 billion by 2024, indicating a vast market potential [3] - Major economies are strategically prioritizing the future of nuclear fusion, providing support through policies and funding to accelerate the industrialization process [3] Summary by Sections - Technological Developments: The "Honghuang 70" device has made significant progress in achieving reliable long-pulse operation, with ongoing improvements in hardware performance and operational capabilities [1] - Upcoming Events: The 2026 Nuclear Fusion Energy Technology and Industry Conference will be held in Hefei, China, aimed at promoting collaborative innovation and results transformation within the industry [2] - Investment Opportunities: The report highlights several companies to watch, including those involved in low-temperature superconducting magnets, vacuum chambers, and power supply systems, indicating a diverse range of investment opportunities within the nuclear fusion sector [3]
可控核聚变行业动态点评：洪荒70实现百秒级稳态长脉冲等离子体运行，核聚变工程可行性验证提速
Western Securities·2026-01-09 06:28