此前，紧凑型聚变能实验装置（BEST）研究计划已于今年11月24日在合肥未来大科学城BEST装置大厅 面向全球发布。根据研究计划，该装置预计于2027年底建成，后续将进行氘氚燃烧等离子体实验研究， 验证其长脉冲稳态运行能力，力求聚变功率达到20兆瓦至200兆瓦，实现产出能量大于消耗能量，并力 争在2030年演示聚变能发电。 合肥理工学院是经教育部批准、由合肥市人民政府举办的全日制普通本科高校，前身为2003年创办的安 徽大学江淮学院。学校坐落于合肥市巢湖半岛生态科学城，占地面积890亩，总建筑面积约55.7万平方 米，规划办学规模为10000人（含研究生及留学生）。 合肥理工学院院长吴玉程介绍，学院的成立旨在服务国家能源安全战略，顺应合肥综合性国家科学中心 建设需要，抢抓聚变能源产业发展机遇，推动交叉学科建设与创新人才培养，助力安徽打造聚变能源科 创引领高地，着力建设聚变工程创新高地和人才培养基地。 吴玉程表示，目前，合肥理工学院已组建一支涵盖聚变工程及相关领域的专业师资队伍，并获合肥综合 性国家科学中心能源研究院、中国科学院等离子体物理研究所、聚变新能（安徽）有限公司等单位协同 支持。各方将通过校院合作、校 ...

量子信息 在安徽，百余家量子产业链企业集聚，核心企业数量占全国三分之一，已形成龙头引领、专精特新协同 的大格局。合肥力争到2027年，将量子产业打造成百亿级产业集群 聚变能源 "在中国，人们称他为'量子之父'。这一称呼，潘建伟当之无愧。在他带领下，中国成为远距离量子通 信技术的领导者。" 这是英国《自然》杂志对中国科学院院士、中国科学技术大学常务副校长潘建伟的一段介绍。那时，他 入选《自然》杂志评出的2017年全球十大科学人物。 未来产业代表着新一轮科技革命和产业变革方向，也是世界科技和产业竞争的主战场。量子科技是具有 代表性的未来产业之一。如今，在这一领域，我国已跻身国际竞争的第一梯队。 依托基础科研优势，安徽前瞻性布局未来产业，着力推进量子信息、聚变能源、深空探测三大科创引领 高地建设，逐渐成为全球重要的创新策源地和产业引领地。 近年来，安徽着力打造聚变能源科创引领高地建设，已形成覆盖科学研究、工程集成、原型装置的磁约 束核聚变大科学装置集群 深空探测 深空探测是安徽全力打造的三大科创引领高地之一。从前沿科学到产业探索，科技创新的策源作用牵引 着安徽竞逐深空经济这片蓝海 拥抱未来产业，产业才有未来。安徽正 ...

Core Viewpoint - The establishment of Fusion New Energy aims to commercialize fusion energy in China, leveraging its abundant raw materials, high energy density, and pollution-free characteristics as a future clean energy source [1] Group 1: Financing and Capital Structure - Fusion New Energy was founded in Hefei in May 2023 with a registered capital of 5 billion yuan, which has been expanded to 14.5 billion yuan through a combination of equity expansion and capital increase [2] - The new capital structure is primarily dominated by state-owned capital, with significant stakes held by Anhui Energy Group and Hefei Industrial Investment, among others [2] - The company is recognized as a strategic technology innovation entity rather than merely an energy company, attracting long-term investment from various capital sources [2] Group 2: Commercialization Pathway - A strategic action plan has been developed to accelerate the commercial application of fusion energy, outlining a three-step approach: building a compact fusion energy experimental device (BEST), developing a Chinese fusion engineering demonstration reactor (CFEDR), and progressing towards commercial power generation [3] - Fusion New Energy is actively advancing the BEST project and planning for subsequent operational arrangements, with the CFEDR project being essential for future commercial fusion power plants [3] Group 3: Role Definition and Industry Positioning - By 2024, Fusion New Energy has clarified its three main roles: as the sole成果转化平台 for magnetic confinement nuclear fusion, as the chain leader in controllable nuclear fusion energy, and as a pioneer in the industrialization of controllable nuclear fusion in China [4] - The company has filed over 100 invention patents since its establishment, solidifying its intellectual property portfolio [4] - The fusion industry encompasses technology research, equipment manufacturing, material supply, and commercial applications, indicating a long supply chain with diverse materials and significant demand [4] Group 4: Collaborative Efforts and Engineering Development - Fusion New Energy has established 10 working groups focusing on key components, materials, processes, equipment, and testing, collaborating with various stakeholders across the supply chain [5] - The company aims to achieve low-cost applications by working with upstream and downstream enterprises in the construction of engineering and commercial reactors [5]

Group 1 - The Zhuque-3 rocket successfully completed its flight mission, marking a significant achievement for Blue Arrow Aerospace in developing a new generation of low-cost, high-capacity, reusable rockets [1] - The rocket's first stage recovery test failed due to an abnormal combustion incident, with further analysis underway to determine the cause [1] Group 2 - The National Data Bureau emphasizes the importance of integrating data elements with artificial intelligence to promote digital innovation, highlighting the need for robust data infrastructure, high-quality data sets, and talent development [2] - A new initiative aims to innovate talent cultivation models in the data field, fostering a new ecosystem for digital talent [2] Group 3 - Chengdu's Woge project is set to enter the equipment debugging phase for the first 8.6-generation AMOLED glass processing line, expected to begin trial operations in January 2026 [3] - The project aims to shorten supply chain response times and reduce logistics costs by localizing production, supporting the upcoming BOE B16 project [3] Group 4 - TAE Technologies, supported by Google and Chevron, is advancing the commercialization of neutral beam technology through a joint venture with the UK Atomic Energy Authority, with an investment commitment of £5.6 million [4] Group 5 - China's service trade showed steady growth in the first ten months of 2025, with a total import and export value of 65,844.3 billion yuan, reflecting a year-on-year increase of 7.5% [5] - Service exports reached 29,090.3 billion yuan, up 14.3%, while imports grew by 2.6% to 36,754 billion yuan, resulting in a reduced service trade deficit [5] Group 6 - The Ministry of Industry and Information Technology (MIIT) supports the construction of a world-class modern shipbuilding base on Changxing Island, emphasizing collaboration between central and local governments and industry leaders [6] - The initiative aims to enhance international competitiveness and foster a world-class marine engineering industry cluster [6] Group 7 - Zhejiang Province's draft policy for 2026 aims to boost loans for technology, green, and digital economy sectors, with specific financial support for new quality productivity projects and collaborative innovation initiatives [8][9] Group 8 - The MIIT plans to promote the development and industrialization of emerging marine engineering equipment, focusing on innovation and collaboration to enhance the industry [10] Group 9 - JD.com reported a significant increase in flu medication sales, with a 242% week-on-week rise during the peak flu season, indicating a strong demand for health-related products [11] - Specific flu medications saw remarkable sales increases, with some products experiencing sales growth of over 300% [11]

Group 1 - Zap Energy announced its latest "Fusion Z-Pinch Experiment 3" (FuZE-3) achieved an electron pressure of up to 830 MPa, corresponding to a total plasma pressure of approximately 1.6 GPa, setting a new record for shear flow-stabilized Z-pinch devices [1] - The pressure is a key indicator reflecting the temperature and density of plasma, with higher pressure leading to more frequent fusion reactions, moving closer to the goal of energy output exceeding input [1] - The team utilized "optical Thomson scattering" technology to measure the plasma electron pressure, which is approximately double the total pressure due to contributions from both electrons and ions [1] Group 2 - In the recent FuZE-3 experiment, repeated discharge measurements showed electron density ranging from 3×10^24 m^-3 to 5×10^24 m^-3, with electron temperatures exceeding 1 keV (approximately 11.67 million degrees Celsius) [2] - FuZE-3 aims to achieve new heights in the "triple product" (density × temperature × confinement time), which is a crucial indicator of fusion performance [2]

Financing Overview - A total of 16 financing events occurred in Shanghai this week, with 9 disclosing amounts totaling approximately 1.969 billion yuan [4] - The number of financing events decreased by 6 compared to the previous week, which had 22 events [4] - The majority of financing events were concentrated in the Pudong New Area with 5 events, followed by Minhang District with 4 events [4] Financing Dynamics - The healthcare sector had the highest number of financing events this week, with 4 occurrences, while other industries had 1 or 2 events each [9] - The largest financing event was over 1 billion yuan in the new materials sector [9] Notable Financing Events - Yanchao Fusion completed a multi-hundred million yuan angel round financing, focusing on fusion energy technology development [12][13] - VOLANT completed a multi-hundred million yuan B round financing, aiming to enhance its position in the eVTOL market [14][15] - Zhiqu Technology secured over 100 million yuan in A+ round financing, providing electric drive systems for new energy vehicles [16][17] - Huadao Bio completed over 100 million yuan in D++ round financing, focusing on cell immunotherapy [18][19] - Qiongche Intelligent completed strategic financing from Alibaba Group, focusing on embodied intelligence robotics [20][21] Industry Focus - The healthcare sector is experiencing a transformation, with 4 financing events this week related to medical devices, consumables, and cell therapy [22] - Shanghai is enhancing its innovation ecosystem for the biopharmaceutical industry, supported by government initiatives to promote high-end medical device development [22]

Core Points - The second ministerial meeting of the World Fusion Energy Group opened in Chengdu, emphasizing international cooperation in the fusion energy sector [1] - A declaration was made to promote a new paradigm of international cooperation characterized by "innovation sharing + peaceful use + inclusive development" [1] Group 1: International Cooperation - The declaration focuses on international collaboration in fusion energy, advocating for the co-construction of fusion infrastructure [1] - It aims to enhance the interconnectivity of global fusion experimental devices, data centers, and testing platforms [1] - Countries are encouraged to establish transnational sharing mechanisms based on existing fusion energy research facilities to reduce R&D costs and improve resource utilization efficiency [1] Group 2: Technology Development - A proposal was made to establish a joint R&D network for fusion energy technology, covering key areas such as plasma physics, superconducting materials, and tritium self-sustainability [1] - The initiative aims to promote technological iteration through joint problem-solving, patent sharing, and collaborative talent training [1] - Emphasis is placed on providing technical training and capacity-building support to developing countries [1] Group 3: Peaceful Use of Fusion Energy - The declaration asserts that the research and application of fusion energy must fully serve civilian purposes [1] - It ensures that the entire chain of technology development, facility construction, and energy supply aligns with the goal of peaceful use [1] - The initiative aims to provide a safe and stable technological pathway for the global transition to clean energy [1] Group 4: Coordination Mechanism - The World Fusion Energy Group ministerial meeting is a coordination mechanism advocated by the International Atomic Energy Agency [1] - It aims to unite decision-makers, regulators, the scientific community, industry, and public-private partners to clear obstacles for the research, demonstration, and commercial deployment of controllable nuclear fusion [1]

Group 1 - The total economic output of Anhui Province has crossed two trillion thresholds, with GDP rising from 3.87 trillion yuan at the end of the 13th Five-Year Plan to an expected 5.06 trillion yuan in 2024, marking an increase of 1.4 trillion yuan over five years [1] - The number of high-tech enterprises in the province has increased by 1.7 times, and the number of specialized and innovative "little giant" enterprises has grown by 7.6 times compared to the end of the 13th Five-Year Plan [1] - Over 80% of R&D funding and technology projects, as well as over 90% of provincial industrial innovation research institutes, are led by enterprises [1] Group 2 - Anhui Province ranks first in both automobile and new energy vehicle production in China, and it also leads the nation in automobile exports [2] - The province holds the largest global market share in driver chips and ranks first in DRAM memory production capacity in China [2] - The development evaluation of the artificial intelligence industry in Anhui has risen to the fifth position nationwide [2] - Anhui is at the forefront of quantum technology industry concentration and is leading the commercialization process of fusion energy [2] - The low-altitude economy development level of Anhui is among the top in the country [2]

Core Insights - China Fusion Energy Company has made significant changes in its business registration, indicating a strategic adjustment focused on core business and long-term development [1] Financial Summary - The registered capital has increased from approximately 3.531 billion RMB to 15 billion RMB, representing a 325% increase, providing essential financial support for the company's operations [2] - This capital increase is expected to alleviate funding pressure on research and development activities, allowing the company to concentrate on core technology exploration and breakthroughs [2] Shareholder Structure - New shareholders, including China Petroleum Group Kunlun Capital Co., Ltd., China Nuclear Power, and Zhejiang Energy Power, have been added, enhancing the company's shareholder structure [3] - The inclusion of these energy sector shareholders is anticipated to provide resource support related to the energy industry, facilitating better alignment with industry needs and promoting technology development [3] Management Changes - Liu Ye has transitioned from a board member to chairman, with several key personnel added to the management team, reflecting the need for a more suitable management structure to coordinate various operations [3] - This management adjustment aims to ensure operational efficiency and support the planned advancement of various business initiatives [3] Industry Implications - The continued shareholding of China National Nuclear Corporation, along with the addition of leading energy companies, signals a growing interest and strategic positioning in the fusion energy sector [3] - This trend indicates that fusion energy-related businesses are gaining recognition among key industry players, potentially attracting more resources to the sector and fostering a positive environment for the development of fusion energy [3] Overall Assessment - The recent business registration changes at China Fusion Energy Company represent a coordinated optimization of capital, resources, and governance structure, injecting momentum into the company's development and supporting the advancement of clean energy technologies [4]

Core Insights - The "Wave Plan" launched by the research institute of Zhituo Finance aims to promote industrial collaboration and technological innovation in the Yangtze River Delta region [1] Industry Highlights - Hefei: Over 70 enterprises in the nuclear fusion energy industry cover the entire industrial chain [1] - Shanghai: Pudong's GOI has mobilized 8.6 billion capital over four years to empower 30,000 enterprises [1] - Nanjing: JD.com establishes a regional headquarters worth 10 billion in Jianye [1] - Hangzhou: Promoting the overseas expansion of "new three" cultural products including online literature, web dramas, and online games [1] - Suzhou: "AI + manufacturing" has nurtured 150 industrial large models over two years [1] - Ningbo: The value added of the intelligent photovoltaic industry chain in Yuyao increased by 133.7% in the first half of the year [1] - Wuxi: Deepening cooperation with FAW Liberation to build an automotive industry ecosystem [1] - Nantong: Delivered the world's largest FLNG device, NGUYA [1] - Changzhou: The riverside green transformation empowers the Eastern Carbon Valley and innovative pharmaceutical valley [1]