格隆汇10月14日丨钢研高纳(300034.SZ)在投资者互动平台表示，公司高温耐腐蚀产品目前尚未应用于 可控核聚变领域。 ...

10月14日，A股早盘冲高回落，沪指盘中一度重回3900点，半日成交1.67万亿，较上个交易日放量905 亿。截至午间收盘，沪指涨0.21%，深成指跌1.02%，创业板指跌2.24%，科创50指数跌近2%。 对于市场，据光大证券分析，短期内，市场或进入宽幅震荡阶段。一方面，经过前期的上涨，市场估值 处于近几年相对高位，部分资金相对谨慎，叠加中美关系仍然存在较大不确定性，市场风险偏好或将有 所回落。另一方面，二十届四中全会临近，市场的政策预期有望升温，叠加美联储年内仍有降息空间， 或将对市场形成支撑。因此，多重因素交织下，短期内，市场或进入宽幅震荡阶段。行业配置方面，短 期内关注高股息及消费板块，中期关注TMT和先进制造板块。 盘面上，热点杂乱且轮动较快，银行、保险、煤炭等红利风格护盘，大有能源涨停；大消费板块走强， 白酒、旅游等方向领涨；地产股上扬，合肥城建涨停；光伏板块反弹，隆基绿能一度涨停；此外，黄 金、可控核聚变、稀土、工程机械等板块盘中均有所表现。下跌方面，科技方向领跌，CPO等算力产业 链跳水，新易盛跌8%，中际旭创跌超6%，寒武纪跌超4%，此外，半导体、消费电子、光刻机、人形机 器人等板块跌幅居前 ...

Core Viewpoint - The company, Zhongzhou Special Materials, confirmed that its main business involves high-temperature corrosion-resistant alloy products, which have not yet been applied in the field of controlled nuclear fusion [1] Summary by Categories - **Company Business Focus** - The company specializes in high-temperature corrosion-resistant alloy products [1] - **Controlled Nuclear Fusion** - All products from the company have not been practically applied in the controlled nuclear fusion sector [1]

Core Insights - The controlled nuclear fusion sector is experiencing significant activity, with several companies like Antai Technology and Hezhu Intelligent hitting trading limits, indicating strong market interest [1] - Major advancements have been reported in China's fusion projects, particularly with the successful testing of the CRAFT facility's key components and the progress of the BEST project [1] - The global focus on controlled nuclear fusion as a key energy strategy is leading to accelerated policy support and investment opportunities in related materials and components [1] Group 1 - The CRAFT facility's prototype component has achieved a steady-state thermal load capacity of 20 megawatts per square meter, marking a significant milestone in China's fusion technology development [1] - The BEST project has successfully completed the development and installation of its key component, the Dewar base, indicating progress in the main engineering phase [1] - Institutions are noting that controlled nuclear fusion is becoming a priority in energy strategies globally, with China implementing policies to enhance industry development [1] Group 2 - The fusion industry is seeing increased activity compared to July and August, with expectations of major announcements at the International Atomic Energy Fusion Energy Conference [2] - The BEST project is anticipated to initiate a second round of intensive bidding in the fourth quarter, covering high-value products such as the first wall and power supply [2] - The entry of major players and significant progress in overseas fusion projects are expected to trigger a second market rally for fusion technologies this year [2]

Market Performance - US stock markets rebounded with the S&P 500 rising by 1.56% and the Nasdaq increasing by 2.21%, led by technology stocks such as Broadcom and Tesla, while cryptocurrency mining and precious metals sectors saw significant gains [2] - Gold and silver prices reached historic highs, with spot gold surpassing $4,100 per ounce, closing up 2.3% at $4,110.7, and spot silver rising to $52.37 per ounce, nearing the 1980 historical peak of $52.50 [2] - The surge in silver prices was attributed to a lack of liquidity in the London market, leading to a spike in borrowing rates and traders urgently transporting physical silver to London for arbitrage [2] Trade Relations and Measures - The US threatened to impose tariffs on China's rare earth exports, to which China responded by announcing special port fees for US vessels, starting at 400 RMB per net ton in the first year and increasing to 1,120 RMB per ton by 2028 [3] - The Netherlands imposed restrictions on China's Wingtech Technology's subsidiary, Nexperia, with China opposing the broad interpretation of national security [3] Energy and Commodities - WTI crude oil rose by 1% to $59.49 per barrel, while Brent crude increased by 0.94% to $63.32 per barrel; China's September imports of soybeans and iron ore reached historical highs, while rare earth exports fell by 31% month-on-month [4] - The price of lithium hexafluorophosphate surged by 29% since the end of June due to rising raw material costs, significantly boosting company profits [4] Foreign Trade and Industry - China's September exports grew by 8.3% year-on-year, and imports increased by 7.4%, both exceeding expectations; exports of industrial robots and wind power equipment were strong, with soybean and iron ore imports hitting historical highs [5] - The total value of imports and exports in the first three quarters reached 33.61 trillion RMB, marking a year-on-year growth of 4% and maintaining positive growth for eight consecutive quarters [5] Monetary Policy and Market Liquidity - The central bank conducted a reverse repurchase operation of 137.8 billion RMB, maintaining a 7-day reverse repurchase rate of 1.40%; short-term Shibor rates rose while long-term rates remained stable [5] - The monetary policy for 2025 is set to be moderately loose, supporting reserve requirement ratio cuts and interest rate reductions, with a focus on investments in technology, green finance, and inclusive finance [5] Industry and Technological Breakthroughs - China's "Kua Fu" facility prototype for controllable nuclear fusion passed inspection, achieving a thermal load capacity of 20 megawatts per square meter, laying the groundwork for power generation by 2030 [6] - A team from the Chinese Academy of Sciences made breakthroughs in sulfide electrolyte technology for solid-state batteries, enhancing battery cycle life to 2,400 cycles and energy density to over 500 Wh/kg [6] - China Unicom accelerated the commercialization of eSIM, with over 60,000 participants, while Apple plans to start pre-orders for the iPhone Air on October 17 [6] A-share Market Performance - The three major indices opened lower but rebounded, with rare earth, non-ferrous metals, and semiconductor sectors leading the gains; total trading volume exceeded 2.3 trillion RMB, with 70 stocks hitting the daily limit [8] - Key sectors included rare earth and minor metals, with Northern Rare Earth hitting the daily limit due to tightening export licenses and rising gold prices [8] - In the storage chip sector, Samsung and Micron reduced production to maintain prices, while domestic companies like GigaDevice and Deep Technology reported over 80% profit growth [9] - Tesla plans to mass-produce humanoid robots by 2026, leading to a surge in demand for precision reducers and sensors [10] Corporate Developments - JPMorgan announced a $1.5 trillion investment plan focusing on key industries such as rare earths, AI, and nuclear energy [11] - OpenAI partnered with Broadcom to deploy a 10GW custom AI accelerator, promoting upgrades in the semiconductor and computing power supply chain [12] - An investigation into a Xiaomi car accident ruled out technical faults, with potential involvement of drunk driving [13] Economic Recognition - The Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their contributions to the understanding of "innovation-driven economic growth" [14] Real Estate and Logistics - In the real estate sector, Shenzhen's Guangming District reported a continuous increase in sales area for 15 months, with a 102% rise in subscription volume in September, indicating sustained market enthusiasm [14] - The express delivery industry surpassed 1.5 billion packages, reaching this milestone 37 days earlier than in 2024, with a shift from price wars to a focus on quality [15]

Group 1 - The concept of controllable nuclear fusion is gaining traction, leading to increased activity in related stocks [1] - Hezhong Intelligent has seen a significant rise, achieving 7 consecutive trading limits in 11 days [1] - China National Nuclear Corporation has experienced a price increase of over 7% [1]

Core Insights - The article highlights the significant breakthrough achieved by Nankai University in controlled nuclear fusion, specifically the successful discharge of a million ampere hydrogen-boron plasma in the "Xuanlong-50U" device, marking a step towards the realization of a "man-made sun" in China [1] - Nankai University is launching a "New Engineering" initiative aimed at fostering interdisciplinary education and innovation to meet national strategic needs and industry demands [2][5] Group 1: New Engineering Initiative - The "New Engineering" initiative focuses on aligning academic programs with national strategic needs and emerging industry demands, establishing new disciplines and programs in artificial intelligence, computer science, and low-altitude technology [2] - By 2025, Nankai University plans to establish the "Excellence Engineer College," further expanding its engineering disciplines to cover 10 primary engineering fields and 18 undergraduate programs [2][3] - The initiative emphasizes interdisciplinary collaboration, breaking down barriers between traditional engineering and other fields, and aims to cultivate innovative engineering talents [3][4] Group 2: Educational Reform and Talent Development - Nankai University is implementing a "dual-track" education model that integrates undergraduate and graduate studies, allowing students to engage in research projects early in their academic careers [4][5] - The university is creating a new talent evaluation system that prioritizes practical experience and contributions to societal development, fostering a cycle of talent cultivation, research innovation, and results transformation [7] - The focus on practical applications and industry collaboration is designed to enhance the impact and viability of technological innovations [6][7] Group 3: Research and Development Achievements - Nankai University has established over 90 research platforms, including key laboratories in special chemical power sources and photovoltaic materials, to support interdisciplinary research and innovation [3] - The university's team has achieved a breakthrough in the development of a robotic system for brain science research, showcasing its commitment to advancing cutting-edge technologies [6] - The successful mass production of covalent organic frameworks (COFs) by Nankai University represents a significant advancement in the new materials sector, highlighting its role in strategic emerging industries [7]

Core Viewpoint - The controllable nuclear fusion sector continues to show strong activity, with several companies reaching new highs and experiencing significant stock price increases [1]. Group 1: Company Performance - Hezhong Intelligent has reached a new high in stock price [1]. - Antai Technology has achieved a four-day consecutive increase in stock price [1]. - Chujiang New Materials has hit the daily limit on stock price increase [1]. - Wangzi New Materials, Aikesaibo, and Hangyang Co. have also seen stock price increases [1].

A股开盘，三大指数集体反弹，沪指高开0.55%，深证成指高开1.04%，创业板指高开1.37%。盘面上， 金银价格双双创下历史新高，贵金属板块高开，白银有色涨超8%，西部黄金、湖南黄金涨超6%；稀土 永磁概念延续前日涨势，中国瑞林涨停，银河磁体涨超8%，此前两大稀土巨头再提价；可控核聚变板 块活跃，安泰科技4连板，楚江新材涨停，上海正推动中国聚变能源有限公司在沪成立；农业板块低 开，康农种业、秋乐种业跌超4%。(格隆汇) ...

Core Insights - The controllable nuclear fusion sector remains active, with significant stock performance from various companies [1] Company Performance - Hezhong Intelligent has reached a new high in stock price [1] - Antai Technology has achieved a four-day consecutive increase in stock price [1] - Chujing New Materials has hit the daily limit on stock price increase [1] - Wangzi New Materials, Aikesaibo, and Hangyang Co. have also seen stock price increases [1]