永鼎股份（600105）(600105.SH)发布公告，公司股票于2025年12月10日、12月11日、12月12日连续三 个交易日内日收盘价格涨幅偏离值累计达到20%。根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情况。公司关注到近期公司被列为可控核聚变相关概念股，经自查，公司下属控股子 公司东部超导科技(苏州)有限公司(以下简称"东部超导")主营产品是第二代高温超导带材及超导应用产 品，公司不直接生产制造可控核聚变装置，仅为绕制装置的磁体提供材料。2025年1-9月营业收入占公 司整体收入比重不足1%，且亏损，不会对公司业绩产生重大影响。 ...

智通财经APP讯， 永鼎股份(600105.SH)发布公告，公司股票于2025年12月10 日、12月11日、12月12日 连续三个交易日内日收盘价格涨幅偏离值累计达到 20%。根据《上海证券交易所交易规则》的有关规 定，属于股票交易异常波动情况。公司关注到近期公司被列为可控核聚变相关概念股，经自查，公司下 属控股子公司东部超导科技(苏州)有限公司(以下简称"东部超导")主营产品是第二代高温超导带材及超 导应用产品，公司不直接生产制造可控核聚变装置，仅为绕制装置的磁体提供材料。2025年1-9月营业 收入占公司整体收入比重不足1%，且亏损，不会对公司业绩产生重大影响。 ...

Core Viewpoint - Yongding Co., Ltd. (600105) has announced that it has been identified as a concept stock related to controllable nuclear fusion, but its actual involvement is limited to providing materials for magnetic coils used in fusion devices, which will not significantly impact its financial performance [1] Group 1 - The company has a subsidiary, Eastern Superconductor, which specializes in second-generation high-temperature superconducting materials and applications [1] - The revenue from controllable nuclear fusion-related activities is expected to account for less than 1% of the company's total revenue from January to September 2025, and it is projected to incur losses [1] - The company emphasizes that its operations do not include the direct production of controllable nuclear fusion devices [1]

永鼎股份(600105.SH)发布异动公告，公司关注到近期公司被列为可控核聚变相关概念股，经自查，公 司下属控股子公司东部超导主营产品是第二代高温超导带材及超导应用产品，公司不直接生产制造可控 核聚变装置，仅为绕制装置的磁体提供材料。2025年1-9月营业收入占公司整体收入比重不足1%，且亏 损，不会对公司业绩产生重大影响。此外，公司控股股东永鼎集团在公司股票交易异常波动期间通过大 宗交易减持了公司股份133.6万股，占公司总股本的0.091%。 ...

Core Viewpoint - The company, Yongding Co., Ltd. (600105.SH), has been identified as a concept stock related to controllable nuclear fusion, but its involvement is limited to providing materials for magnetic coils, not manufacturing fusion devices. The financial impact on the company is minimal, with related revenue accounting for less than 1% of total income and resulting in losses [1]. Group 1 - The company has a subsidiary, Eastern Superconducting Technology (Suzhou) Co., Ltd., which specializes in second-generation high-temperature superconducting tapes and applications [1]. - The revenue from the subsidiary related to controllable nuclear fusion is projected to be less than 1% of the company's overall revenue for the period from January to September 2025 [1]. - The subsidiary is not directly involved in the production of controllable nuclear fusion devices, indicating a limited operational scope in this emerging sector [1].

Core Viewpoint - The nuclear energy industry is experiencing significant positive developments, with major projects like the successful grid connection of the "Hualong One" nuclear power unit and advancements in thorium-based molten salt reactors, indicating a promising future for the sector [3][4]. Group 1: Company Performance - Yongding Co., Ltd. has seen its stock price surge nearly 280% year-to-date and approximately 450% over the past 15 months, driven by the positive sentiment in the nuclear energy sector [4]. - Despite the stock price increase, the controlling shareholder, Yongding Group, has been reducing its stake, selling 3.0165 million shares for over 48 million yuan, raising concerns about the company's ability to sustain its high market valuation [6][10]. - In the first three quarters of 2025, Yongding reported revenue of 3.63 billion yuan, a year-on-year increase of 22.1%, breaking a long stagnation in revenue growth [10]. Group 2: Profitability Analysis - The company's net profit for the same period reached 330 million yuan, a staggering increase of 474.3%, with the non-recurring net profit soaring by 613.7%, suggesting a one-year profit equivalent to seven years [8][10]. - However, the majority of this profit (96.66%) stemmed from investment income, primarily from real estate ventures, raising questions about the sustainability of its core business [10][11]. - Excluding investment income, the company's remaining profit was only 11 million yuan, down from 31 million yuan the previous year, indicating a decline in operational performance [11][12]. Group 3: Business Segments - Yongding's main business lines include optical communication and power transmission, with automotive wiring harnesses being the largest revenue source, projected to generate 1.206 billion yuan in 2024, accounting for nearly 30% of total revenue [26]. - The power engineering segment, which is heavily reliant on overseas projects, is expected to generate 1.041 billion yuan in 2024, but its profitability is unstable due to project dependency [33]. - The high-temperature superconducting wire segment, while seen as having significant potential, has underperformed compared to peers, with revenue of only 586 million yuan in 2024, representing 14.24% of total revenue [38]. Group 4: Market Position and Challenges - The optical communication business, despite the industry's growth, has seen a revenue decline of 7.8% to 428 million yuan in the first half of 2025, failing to capitalize on the overall market expansion [51]. - The company faces significant competition in the high-temperature superconducting market, with its performance lagging behind competitors like Western Superconducting, which reported a net profit of 546 million yuan in the same period [42][44]. - Overall, Yongding's narrative reflects a company that has been buoyed by market trends but lacks substantial operational performance to justify its stock price, raising concerns about its long-term viability [53][54].

Core Viewpoint - Shanghai Superconductor Technology Co., Ltd. is advancing its IPO process on the Sci-Tech Innovation Board, aiming to raise approximately 1.2 billion RMB to expand its production capacity of second-generation high-temperature superconducting tapes, positioning itself as a key player in the controllable nuclear fusion industry [1][2]. Group 1: Company Overview - Shanghai Superconductor is a leading company in the second-generation high-temperature superconducting tape sector, being one of only two companies globally capable of producing over 1,000 kilometers of these tapes annually [1][5]. - The company has successfully broken the long-standing technological monopoly held by foreign firms in this field, enhancing China's capabilities in superconducting materials [1][4]. Group 2: Financial Performance - The company has demonstrated strong growth in revenue and net profit, with an increasing gross margin, indicating robust profitability and cost control efficiency [3]. - The IPO application was officially accepted on June 18, 2025, and the company has submitted detailed responses to the first round of inquiries from the Shanghai Stock Exchange [2]. Group 3: Market Position and Strategy - Shanghai Superconductor is strategically positioned in the nuclear fusion industry, with its products being critical for the development of next-generation Tokamak devices [4]. - The company aims to address the growing demand for high-performance superconducting materials in major national scientific projects, power grid upgrades, and high-end medical equipment [2][4]. Group 4: Technological Advancements - The company has developed a complete set of production processes for second-generation high-temperature superconducting tapes, achieving full autonomy in technology and manufacturing [4][5]. - Shanghai Superconductor's products have been successfully applied in several national-level major scientific projects, with performance metrics meeting or exceeding international competitors [5][11]. Group 5: Future Outlook - The company plans to diversify its application scenarios to reduce reliance on a concentrated customer base, targeting sectors such as urban power grid upgrades and high-end medical equipment [6][10]. - The IPO fundraising is viewed as a proactive measure to prepare for broader market orders in industrial, energy, and medical fields, indicating a strategic focus on expanding market reach [11][12].

消息面上，近日，山东大学晶体材料全国重点实验室张俊杰教授/陶绪堂教授团队牵头，联合北京高压 研究中心曾桥石研究员、中国科学院物理研究所周睿研究员、国家纳米科学中心郑强研究员、芝加哥大 学陈愈生教授等多个团队，在镍基高温超导体研究中取得突破。 华泰证券表示，全球核聚变试验装置投产加速，高温超导技术应用比例显著上升。三到五年内，核聚变 发展有望撬动高温超导带材每年数十亿人民币市场规模。 12月5日，A股三大指数集体收涨，其中，沪指涨0.7%，深成指、创业板指均涨超1%。板块上，超导概 念大爆发，宝胜股份、宁波韵升、西部材料等涨停，国缆检测、百利电气等涨幅居前。 （文章来源：21世纪经济报道） ...

华泰证券表示，全球核聚变试验装置投产加速，高温超导技术应用比例显著上升。三到五年内，核聚变 发展有望撬动高温超导带材每年数十亿人民币市场规模。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 消息面上，近日，山东大学晶体材料全国重点实验室张俊杰教授/陶绪堂教授团队牵头，联合北京高压 研究中心曾桥石研究员、中国科学院物理研究所周睿研究员、国家纳米科学中心郑强研究员、芝加哥大 学陈愈生教授等多个团队，在镍基高温超导体研究中取得突破。 0:00 12月5日，A股三大指数集体收涨，其中，沪指涨0.7%，深成指、创业板指均涨超1%。板块上，超导概 念大爆发，宝胜股份、宁波韵升、西部材料等涨停，国缆检测、百利电气等涨幅居前。 ...

（文章来源：每日经济新闻） 每经AI快讯，12月5日，超导指数盘中上涨2.01%，成分股表现活跃，宝胜股份涨停，中孚实业触及涨 停，永鼎股份上涨4.63%，西部材料上涨4.40%，特变电工上涨1.81%。 ...