Core Insights - The stock of SaiJing Technology (00580) has increased by over 8%, reaching HKD 2.05 with a trading volume of HKD 25.81 million, driven by positive developments in the nuclear fusion sector [1] Group 1: Company Developments - The BEST (Compact Fusion Energy Experimental Device) project in Hefei, Anhui, has achieved a significant breakthrough with the successful development and delivery of the Dewar base, marking a new phase in the project's main engineering construction [1] - SaiJing Technology has established itself as a key technology supplier in the controlled nuclear fusion field, providing customized solutions for over 80 global projects, including several internationally recognized nuclear fusion research initiatives [1] Group 2: Industry Trends - The "14th Five-Year Plan" period focuses on ultra-high voltage projects primarily utilizing flexible transmission technology, with SaiJing positioned as a leading supplier of domestic power distribution components [2] - The increase in domestic power semiconductor penetration is expected to support the gross margin, alongside a significant growth in revenue from self-developed IGBT chip business [2] - A recent collaboration between SaiJing's Swiss subsidiary, Astrol Electronic AG, and an innovative company in the nuclear fusion sector aims to utilize Astrol's power switch solutions for controlling currents in advanced nuclear fusion systems [2]

Core Viewpoint - The recent surge in the power transmission and distribution sector has led to increased investor interest, particularly in companies like Sai Jing Technology, which has shown significant stock performance and impressive financial results [2][3]. Financial Performance - In the first half of 2025, Sai Jing Technology reported a revenue increase of 35.5% to approximately 888.3 million yuan, with net profit attributable to shareholders rising by 178% to about 93.8 million yuan [3]. - The revenue growth was primarily driven by the delivery of products for various high-profile projects, including those in Saudi Arabia, Gansu-Zhejiang, and Peru/Chile [3]. - The power transmission sector contributed over half of the company's revenue, achieving approximately 467 million yuan in sales, a year-on-year increase of 30% [3]. Business Segments - The flexible transmission segment saw revenue of about 296 million yuan in the first half of 2025, reflecting a year-on-year growth of 123% [5]. - The renewable energy generation and storage business also doubled its revenue to approximately 156 million yuan, benefiting from the company's self-developed power semiconductor products [6]. Market Position and Industry Outlook - Sai Jing Technology is recognized as a leading enterprise in the core components of China's ultra-high voltage direct current transmission sector, having participated in over 30 related projects since 2010 [4]. - The company anticipates significant growth in ultra-high voltage projects, particularly in flexible direct current transmission, which is expected to increase its market share [4]. Future Projections - The company has set a revenue target of 2 billion yuan for the entire year of 2025, with confidence in achieving this goal based on current performance and market conditions [9]. - Analysts predict that Sai Jing Technology's revenue will continue to grow, with estimates of 2 billion yuan, 2.5 billion yuan, and 3.2 billion yuan for the years 2025 to 2027, respectively [10].