Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [14]. Core Insights - The recent breakthrough in the "Xuanlong-50U" spherical toroidal hydrogen-boron fusion device by Xin'ao Energy Research Institute marks the first successful achievement of a plasma current discharge of 1 million amperes, establishing a foundation for the commercialization of hydrogen-boron fusion [3][4]. - Nuclear power is recognized as a crucial force in promoting the green transition of energy due to its cleanliness, safety, efficiency, and minimal land use, with annual utilization hours exceeding 7000 hours, the highest among all power sources [5]. Summary by Sections Breakthroughs and Developments - The "Xuanlong-50U" device underwent an upgrade in 2023, achieving its first plasma discharge on January 24, 2024, and exceeding expected plasma current indicators on August 15, 2024. The focus for 2025 will be on high-parameter hydrogen-boron plasma discharge research [4]. Investment Opportunities - Recommended companies for investment include: 1. **Jia Dian Co., Ltd.**: Leading in nuclear main pumps and helium fans for fourth-generation high-temperature gas-cooled reactors [5]. 2. **Guoguang Electric**: Key components for the ITER project [5]. 3. **Lanshi Heavy Industry**: Covers upstream nuclear fuel systems to downstream spent fuel processing [5]. 4. **Kexin Electromechanical**: Producing high-temperature gas-cooled reactor products and replacing imports [5]. 5. **Hailu Heavy Industry**: Services for third and fourth-generation reactors and thermal nuclear fusion reactors (ITER) [5]. 6. **Jiangsu Shentong**: Secured over 90% of orders for nuclear-grade valves in new nuclear power projects [5]. 7. **Xianheng International**: Products applied in the operation and maintenance of nuclear energy [5].

120年前的美国总统威廉·麦金利，曾经说过一段话"我们成了世界第一大农业国；我们成了世界第一大矿产国；我们也成了世界第一大工业生产国。这一 切都缘于我们坚持了几十年的关税保护制度"。特朗普对此深信不疑，但是现在的美国还是以前的美国吗？重新拾起贸易保护主义，还能收获辉煌吗？ 虽然大家都说美国拥有着经济霸权和美元霸权，实质上实现了对于全球其他国家的统一征税。但毕竟那种征税方式是一种隐形征税，而现在特朗普迫不及 待的将其显性化了！之前特朗普就放出风声，将在星期三4月2日宣布大消息。现在看来，这已经将贸易战做到了极致，可以说就是投下两枚关税核弹： 1.美将对所有国家进口商品征收10%的"基准关税"，在4月5日凌晨0时01分即刻生效，只有加拿大等少数北美贸易区国家能豁免，但是特定商品仍然要征收 特定的税率，例如汽车及其配件仍然要缴纳25%的关税。 2.美国将对其贸易逆差最大的10个国家和地区，实施所谓的对等关税。这个对等标准是美国单方面制定的。其中，对泰国实施36%的关税，是最多的，泰 国也是与美国贸易逆差最显著的国家之一。之后就是对我国34%的对等关税，这个大家都能预料到。对印尼也实施了32%的关税。 但是谁能想到， ...