CNNP(SH:601985) 券商中国·2025-07-22 23:22Core Viewpoint - The article highlights the increasing investment in controlled nuclear fusion by China's national team, emphasizing the strategic importance of this sector for future energy solutions and environmental goals [1][5][6]. Investment and Company Formation - On July 22, China Fusion Energy Co., Ltd. was officially established in Shanghai, with significant participation from key government and industry leaders [2]. - China National Nuclear Power Co. plans to invest 1 billion yuan in the fusion company, acquiring a 6.65% stake, as part of a broader investment of approximately 11.49 billion yuan from multiple entities [3][4]. Financial Overview - As of December 31, 2024, the fusion company reported total assets of 611.56 million yuan and a net loss of 202.60 million yuan. By June 30, 2025, total assets are projected to be 5.37 billion yuan with a reduced net loss of 43.26 million yuan [4]. Strategic Importance - The investment aligns with national strategies for energy transition and aims to solidify the central enterprises' leading role in the nuclear fusion industry, supporting the commercialization of fusion technology [5][6]. Industry Development - Controlled nuclear fusion is recognized as a key solution for global energy challenges and is a focal point of technological competition among nations. China has integrated support for this industry into its top-level design, with various policies promoting research and development [7][8]. - The global investment in the fusion sector is projected to reach approximately 1.74 billion USD by 2024, with significant contributions from China and the U.S. [9]. Nuclear Power Expansion - The Chinese government has approved several new nuclear power projects, maintaining a steady pace of approvals, which is expected to continue supporting the growth of nuclear energy as a clean power source [10][11]. - The demand for natural uranium is anticipated to grow at an annual rate of over 4% from 2024 to 2040, indicating a tightening supply situation that could benefit companies in the uranium sector [12].