Core Insights - The news discusses the establishment of Honghu Fusion (Shanghai) Energy Technology Co., Ltd. by Dai Lizhong, the chairman of Shengxiang Biotechnology, highlighting his personal investment in the nuclear fusion sector and his non-involvement in the company's daily operations [1][11]. Company Overview - Shengxiang Biotechnology Co., Ltd. focuses on innovative gene technology, providing integrated diagnostic solutions including in vitro diagnostic reagents, instruments, third-party medical testing services, and biopharmaceuticals. The company is listed on the Sci-Tech Innovation Board and ranks among China's top 100 pharmaceutical companies and the top 100 global medical device companies [3]. - The company has established a global operational network with subsidiaries in major cities across China and key regions worldwide, including the UK, France, the US, Indonesia, the Philippines, and Thailand [3]. Leadership Profile - Dai Lizhong, born in July 1968, is a prominent figure with extensive academic credentials, including degrees from Peking University and Princeton University. He has received numerous awards for his contributions to science and technology, including the National Science and Technology Progress Award and the National Innovation Pioneer Award [6]. Business Developments - Honghu Fusion was officially established on December 7, 2023, with a registered capital of 10 million yuan. The company focuses on engineering and technology research and development, specifically in nuclear power equipment [9]. - The company aims to develop the first high-temperature superconducting stellarator fusion experimental device within four years, positioning itself as a key technology partner in the fusion power industry [11]. Market Position - As of the latest trading session, Shengxiang Biotechnology's stock closed at 21.36 yuan per share, reflecting a 0.9% increase, with a market capitalization of 12.376 billion yuan [12].

Core Viewpoint - The three major stock indices in China collectively rose, with the Shanghai Composite Index surpassing 3900 points, reaching a ten-year high, driven by a surge in the controllable nuclear fusion sector [1] Industry Summary - The controllable nuclear fusion sector experienced a significant rally, with 19 stocks, including Changfu Co., YJ Electric, and Western Superconducting, hitting the daily limit [1] - A key breakthrough was reported on October 1 in the construction of the BEST project, a compact fusion energy experimental device located in Hefei, Anhui. The successful development and delivery of the Dewar base, a critical component, lays a solid foundation for the installation and debugging of subsequent core components [1] - The BEST project is scheduled for completion by the end of 2027, aiming to achieve the world's first demonstration of fusion energy generation. By 2030, it is expected to illuminate the first light bulb using nuclear fusion [1] - Recent reports indicate that China's controllable nuclear fusion is gradually moving towards commercialization, with private enterprises and private capital entering the fusion energy sector. Companies such as Energy Singularity, Star Energy, and Star Ring Fusion have announced the completion of two rounds of financing, attracting notable investors like Sequoia Capital and Kunlun Capital [1]

【#圣湘生物回应核聚变相关投资#：系公司实控人个人投资[话筒]】有投资者在互动平台提问圣湘生 物：最近看到一些媒体报道了公司实控人投资了可控核聚变企业上海鸿鹄聚变，请问属实吗？圣湘生物 回应称，鸿鹄聚变（上海）能源科技有限公司成立于2023年，系圣湘生物实控人、董事长戴立忠投资创 立的企业，也是国内首家专注于高温超导仿星器路线的商业聚变企业。与托卡马克技术路线相比，仿星 器通过精密设计的三维高温超导线圈电流产生磁场，无需依赖等离子体电流，更契合于稳态运行的商用 聚变反应堆。目前，鸿鹄聚变具备世界领先的仿星器设计开发能力。戴立忠不参与鸿鹄聚变的日常运营 工作，旨在为这个领域的世界级科学家与工程师创新创业搭平台、引资源、打基础。目前该项目只涉及 戴立忠的个人投资，上市公司是否参与投资，需结合实际发展需要及战略规划等情况审慎决定。（人民 财讯） ...

Core Viewpoint - The A-share market has shown a strong upward trend post the National Day and Mid-Autumn Festival holidays, with significant gains in various sectors driven by favorable news and international economic conditions [3][5]. Group 1: Market Performance - On October 9, the Shanghai Composite Index rose by 48.29 points, or 1.24%, closing at 3931.07, marking a ten-year high [3]. - The Shenzhen and ChiNext indices also saw increases of 1.75% and 1.77%, respectively, reaching recent highs [3]. Group 2: Sector Highlights - Key sectors that performed well include controllable nuclear fusion, storage chips, solid-state batteries, gold concepts, and rare earth permanent magnets, all influenced by positive news and international political-economic dynamics [5]. - The controllable nuclear fusion sector was boosted by the completion of a significant installation related to China's compact fusion energy experimental device, with stocks like Guoguang Electric and Zhongzhou Special Materials hitting the daily limit [5]. - The rare earth sector's strength is linked to the Ministry of Commerce's announcement of export controls on related technologies and products, emphasizing national security [5]. - Solid-state batteries gained traction due to breakthroughs in domestic technology, while the gold sector's rise is associated with potential interest rate cuts in the U.S. [6]. - The storage chip sector was stimulated by news of rising international chip prices and a record revenue announcement from ChipCore Technology, projecting a third-quarter revenue of 1.284 billion yuan [6]. Group 3: Economic Context - The People's Bank of China conducted a 1.1 trillion yuan reverse repurchase operation to maintain liquidity in the banking system, indicating proactive monetary policy [7]. - The rise in gold prices is attributed to a perceived weakening of the dollar, while BHP's acceptance of RMB transactions reflects the unstoppable trend of RMB internationalization [7]. - The export control measures on rare earths are seen as a necessary countermeasure against Western technology restrictions, highlighting the competitive international landscape [7]. Group 4: Investment Strategy - The current A-share market is characterized as a slow bull market, suggesting that investors should follow trends and participate in sectors closely related to international competition while being cautious about market timing and avoiding blind chasing of high prices [7].

Core Viewpoint - The article discusses the investment of Shengxiang Biological's actual controller and chairman, Dai Lizhong, in a controlled nuclear fusion company, Shanghai Honghu Fusion, which is the first domestic enterprise focusing on high-temperature superconducting stellarator technology [1] Company Summary - Shengxiang Biological confirmed that Shanghai Honghu Fusion was established in 2023 and is founded by Dai Lizhong, who is also the actual controller of Shengxiang Biological [1] - Honghu Fusion is recognized as a leading company in the design and development of stellarator technology, which utilizes precisely designed three-dimensional high-temperature superconducting coils to generate magnetic fields without relying on plasma current [1] - Dai Lizhong does not participate in the daily operations of Honghu Fusion, aiming to provide a platform for world-class scientists and engineers in the field [1] Investment Context - The investment by Dai Lizhong is personal and does not currently involve Shengxiang Biological, with any potential investment by the listed company to be decided based on actual development needs and strategic planning [1]

Core Viewpoint - The establishment of Honghu Fusion (Shanghai) Energy Technology Co., Ltd. marks a significant step in China's pursuit of commercial fusion energy, with a focus on high-temperature superconducting stellarator technology, which is seen as a strategic high ground in global energy technology competition [1] Company Summary - Saint Shine (688289.SH) has indicated its interest in the fusion energy sector, which is recognized as a potential solution to global energy crises and environmental issues [1] - The company’s actual controller and chairman, Dai Lizhong, founded Honghu Fusion in 2023, making it the first domestic enterprise focused on commercial fusion using stellarator technology [1] - Honghu Fusion possesses world-leading capabilities in stellarator design and development [1] Industry Summary - Shanghai has identified nuclear fusion as a key future industry, emphasizing its importance in the global energy landscape [1] - The collaboration between Honghu Fusion and Shanghai Jiao Tong University aims to enhance domestic commercial fusion development through joint laboratory construction, technology research, and talent cultivation [1] - The project is currently funded solely by Dai Lizhong's personal investment, with any potential involvement from the listed company subject to careful consideration and necessary approvals [1]

Core Insights - Significant progress has been made in China's controllable nuclear fusion sector, with the successful development and delivery of the key component, the Dewar base, for the compact fusion energy experimental device (BEST) [1][3] - The BEST project is expected to complete construction in two years and aims to demonstrate fusion energy generation for the first time globally [3] - The nuclear fusion sector is gaining momentum due to supportive government policies and increasing participation from private enterprises, which may accelerate the commercialization process [4] Industry Developments - The BEST device utilizes compact high-field superconducting tokamak technology and aims to pave the way for future nuclear fusion power generation [3] - Since 2025, China has achieved several breakthroughs in controllable nuclear fusion, including the EAST device reaching 1 million degrees Celsius for 1066 seconds and the successful operation of the "Chinese Circulation No. 3" [3] - The recent implementation of the "Atomic Energy Law" encourages research and development in controlled thermonuclear fusion and establishes a management system tailored to fusion applications [4] Market Potential - The global nuclear fusion market is projected to reach $496.55 billion by 2030, with a compound annual growth rate of 7.4% from 2024 to 2030 [4] - The commercialization of controllable nuclear fusion is viewed as a potential solution to energy challenges, with the possibility of creating a trillion-dollar market and accelerating industrialization in upstream and midstream sectors [4] Company Activities - Companies like Hezhong Intelligent and Yongding Co. are actively involved in the development of core components for the BEST project, with Hezhong Intelligent focusing on the vacuum chamber and Yongding Co. making advancements in superconducting materials [5] - West Superconducting has developed engineering production technology for NbTi superconducting wire for fusion applications, achieving significant milestones in material production [5] - The recent surge in the controllable nuclear fusion concept has led to a notable increase in stock prices for related companies, with the controllable nuclear fusion concept index rising by 6.9% [6]

Core Viewpoint - The controlled nuclear fusion concept has seen a significant surge in stock prices, with companies like Changfu Co., Ltd. rising over 25% and others like Hahuan Huaton and Zhongzhou Special Materials hitting a 20% limit up, indicating strong market interest and optimism in the fusion energy sector [1] Industry Developments - On October 1, a key breakthrough was achieved in the construction of the compact fusion energy experimental device BEST in Hefei, Anhui, with the successful development and delivery of the main component, the Dewar base, marking a new phase in the project's main engineering construction [1] - The upcoming International Atomic Energy Fusion Energy Conference (FEC2025) scheduled for October 13-18 in Chengdu is expected to attract around 2,000 participants, highlighting the global interest in fusion energy and the potential for significant announcements regarding national and international advancements [1] Market Outlook - According to Founder Securities, the fusion industry is experiencing a noticeable increase in activity compared to July and August, with the FEC2025 conference likely to announce major developments. The domestic BEST project is anticipated to initiate a second round of intensive bidding in the fourth quarter for high-value products such as the first wall, divertor, and power supply [1] - There is optimism for a second market rally in the fusion sector within the year, driven by the entry of major players and significant progress in overseas fusion devices [1]

Group 1 - The BEST nuclear fusion device in China has achieved a significant breakthrough with the successful installation of a 400-ton base, which will support the main unit weighing approximately 6,700 tons, marking the full construction of this major national project [1] - The completed base is the first vacuum component of the BEST device and is the largest vacuum component in China's fusion field, indicating the start of the installation of core components and the initiation of the supply chain and subsequent bidding processes [1] - The International Atomic Energy Fusion Energy Conference (FEC2025) will be held in Chengdu from October 13-18, with expectations of major national and international developments being announced, and the BEST project is anticipated to initiate a second round of intensive bidding in Q4 for high-value products [1] Group 2 - Yongding Co., Ltd. has developed high-performance superconducting strips for strong magnetic fields using its unique superconducting thin film pinning technology, which has applications in magnetic confinement controlled nuclear fusion [2] - Wide Special Materials Co., Ltd. supplies materials for superconducting coil armor in controlled nuclear fusion and has successfully delivered low-activation martensitic steel CLAM to clients [2] - Wide Special Materials Co., Ltd. has won the bid for the processing project of the BEST coil box, which is currently in progress [2]

我国可控核聚变领域再迎重大进展。据报道，10月1日，位于安徽合肥的紧凑型聚变能实验装置 （BEST）项目建设取得关键突破。BEST装置主机关键部件——杜瓦底座研制成功并顺利完成交付，精 准安装于BEST装置主机大厅内，标志着项目主体工程建设进入新阶段。 科技部国家科技专家库专家周迪在接受《证券日报》记者采访时分析，今年以来，我国可控核聚变行业 政策信号明确、装置建设加速、技术突破频现，长期成长趋势已确立。随着国家队主导，民营企业与民 间资本陆续入局，可控核聚变行业迎来"科研突破+工程落地"双爆发，商业化进程正从"技术验证"阶段 逐步向"实体建造加速期"过渡，相关上市公司有望从中受益。 商业化进程加速 据悉，BEST是我国正在建设的燃烧等离子体物理实验装置，该装置采用紧凑高场超导托卡马克技术路 线，运用高性能超导磁体等新技术，为未来核聚变发电"探路"。其总装工作于2025年5月份正式启动， 预计两年后建成，并在全球范围内首次实现聚变能发电演示。 北京艾文智略投资管理有限公司首席投资官曹辙表示，若BEST装置在未来几年内通过核聚变点亮第一 盏灯，将从科学验证、工程突破、产业链培育到全球格局重构等多维度，为可控核聚 ...