今天A股可控核聚变板块拉升，东方钽业、厦门钨业、东方电气、东方精工等纷纷上涨。 可控核聚变为能够在可控条件下持续进行的核聚变反应的能量装置。核聚变是两个较轻的原子核聚合为一个较重的原 子核，并释放出能量的过程，核聚变具有能量密度高、原材料充足、安全可控、环保无污染等优势。 国家已明确将核聚变列为未来能源核心领域，核聚变技术商业化后，发电成本将大幅降低，减少对化石燃料的依赖， 助力"双碳"目标。 目前有可控核聚变产业链公司冲击A股IPO。格隆汇获悉，近期，上海超导科技股份有限公司（简称"上海超导"）更新 了首次公开发行股票并在科创板上市招股说明书，保荐人为中金公司。 上海超导专注于第二代高温超导带材研发、生产和销售，这家公司的质地如何？今天就来一探究竟。 01 聚焦第二代高温超导带材业务，客户集中度较高 上海超导的主要产品为第二代高温超导带材，目前是市场主流的高温超导材料，其物理外观表现为超薄金属带，由金 属基带、缓冲层、超导层、保护层和铠装层（或有）组成，是一种涂层导体。 第二代高温超导带材能够带来显著的节能增效优势，并解决原有导体材料无法解决的工程问题，近年来已经应用于可 控核聚变、超导电力、超导磁控单晶炉 ...

恒生前海高端制造混合A（013383）成立日期2022年6月29日，最新规模900.44万。今年以来收益 43.9%，同类排名813/8136；近一年收益43.88%，同类排名865/8058；成立以来亏损9.17%。 11月25日，永鼎股份涨5.39%，截至发稿，报15.06元/股，成交7.67亿元，换手率3.54%，总市值220.18 亿元。 资料显示，江苏永鼎股份有限公司位于江苏省苏州市吴江区汾湖高新区江苏路1号，成立日期1994年6月 30日，上市日期1997年9月29日，公司主营业务涉及通信产品和通信软件产品的研发、生产及销售;电站 和输变电网的海外电力工程总承包;常规低压汽车整车线束、新能源高低压线束的设计研发、生产制造 和销售;超导材料产业。主营业务收入构成为：汽车线束34.63%，电力工程29.96%，光通信18.93%，超 导及铜导体15.91%，大数据应用0.58%。 从基金十大重仓股角度 数据显示，恒生前海基金旗下1只基金重仓永鼎股份。恒生前海高端制造混合A（013383）三季度持有 股数2.8万股，占基金净值比例为2.71%，位居第十大重仓股。根据测算，今日浮盈赚取约2.16万元。 恒 ...

11月24日西部超导大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 25.56 | 1354.68 | 53.00 | -18.41 | 中国中金财富证券有限公 | 中国银河证券股份有限公司 | | | | | | 司成都东御街证券营业部 | 东莞东城中路证券营业部 | （文章来源：证券时报网） 证券时报·数据宝统计显示，西部超导今日收盘价为64.96元，上涨1.64%，日换手率为2.19%，成交额为 9.23亿元，全天主力资金净流入3938.11万元，近5日该股累计下跌6.96%，近5日资金合计净流出4.12亿 元。 两融数据显示，该股最新融资余额为16.00亿元，近5日减少7210.14万元，降幅为4.31%。 据天眼查APP显示，西部超导材料科技股份有限公司成立于2003年02月28日，注册资本64966.4497万人 民币。（数据宝） 西部超导11月24日大宗交易 ...

截至发稿，李直累计任职时间7年336天，现任基金资产总规模222.51亿元，任职期间最佳基金回报 82.77%， 任职期间最差基金回报-50.62%。 11月24日，永鼎股份涨5.27%，截至发稿，报14.38元/股，成交7.98亿元，换手率3.85%，总市值210.23 亿元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，江苏永鼎股份有限公司位于江苏省苏州市吴江区汾湖高新区江苏路1号，成立日期1994年6月 30日，上市日期1997年9月29日，公司主营业务涉及通信产品和通信软件产品的研发、生产及销售;电站 和输变电网的海外电力工程总承包;常规低压汽车整车线束、新能源高低压线束的设计研发、生产制造 和销售;超导材料产业。主营业务收入构成为：汽车线束34.63%，电力工程29.96%，光通信18.93%，超 导及铜导体15.91%，大数据应用0.58%。 从基金十大重仓股角度 数据显示，嘉实基金旗下1只基金重仓永鼎股份。嘉实中证2000ETF（159535） ...

资料显示，江苏永鼎股份有限公司位于江苏省苏州市吴江区汾湖高新区江苏路1号，成立日期1994年6月 30日，上市日期1997年9月29日，公司主营业务涉及通信产品和通信软件产品的研发、生产及销售;电站 和输变电网的海外电力工程总承包;常规低压汽车整车线束、新能源高低压线束的设计研发、生产制造 和销售;超导材料产业。主营业务收入构成为：汽车线束34.63%，电力工程29.96%，光通信18.93%，超 导及铜导体15.91%，大数据应用0.58%。 11月21日，永鼎股份跌5.03%，截至发稿，报13.77元/股，成交15.70亿元，换手率7.67%，总市值201.32 亿元。 嘉实中证2000ETF（159535）基金经理为李直。 截至发稿，李直累计任职时间7年333天，现任基金资产总规模222.51亿元，任职期间最佳基金回报 82.77%， 任职期间最差基金回报-50.62%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从基金十大重仓股角度 数据显示，嘉实基金旗下1 ...

Core Viewpoint - Yongding Co., Ltd. has seen a stock price increase of 5.11%, reaching 16.26 CNY per share, with a total market capitalization of 23.772 billion CNY, indicating strong market interest and performance [1]. Company Overview - Yongding Co., Ltd. was established on June 30, 1994, and listed on September 29, 1997. The company is located in Suzhou, Jiangsu Province, and specializes in the research, production, and sales of communication products and software, overseas power engineering contracting, automotive wiring harnesses, and superconducting materials [1]. - The revenue composition of Yongding Co., Ltd. is as follows: automotive wiring harnesses 34.63%, power engineering 29.96%, optical communication 18.93%, superconducting and copper conductors 15.91%, and big data applications 0.58% [1]. Fund Holdings - Xin Yuan Fund has a significant holding in Yongding Co., Ltd., with its Xin Yuan Clean Energy Mixed Fund A (014574) reducing its stake by 29,800 shares in the third quarter, now holding 532,800 shares, which constitutes 8.04% of the fund's net value, making it the third-largest holding [2]. - The Xin Yuan Clean Energy Mixed Fund A was established on January 26, 2022, with a current size of 31.61 million CNY. The fund has achieved a year-to-date return of 27.37% and a one-year return of 32.6% [2]. Fund Manager Profile - The fund manager of Xin Yuan Clean Energy Mixed Fund A is Chen Li, who has a tenure of 12 years and 100 days. The total asset size of the fund is 510 million CNY, with the best return during his tenure being 220.76% and the worst being -22.36% [3].

进入问询阶段逾4个月后，上海超导科技股份有限公司（以下简称"上海超导"）科创板IPO迎来新进展， 公司近日披露了首轮审核问询函回复，并更新披露招股书。本次冲击上市背后，上海超导年度净利以及 报告期内毛利率均稳步增长。不过，从最新披露的2025年上半年财务数据来看，公司存在客户集中度较 高的情况，当期对第一大客户中国科学院的销售占比超六成。另外，值得一提的是，报告期内，A股上 市公司精达股份系上海超导第一大股东，同时精达股份董事长李晓还在公司任董事职务。针对相关问 题，上海超导于11月18日接受了北京商报记者的采访。 全年净利预增 值得一提的是，在接受北京商报记者采访时，上海超导方面进一步表示："行业正处于快速发展阶段， 预计今年净利润会相较去年实现合理幅度的同比增长。" 对于所处行业的发展前景，上海超导方面则告诉北京商报记者，随着材料生产规模和应用设备规模的上 升，高温超导材料为基础的应用场景，很快能进入具有性价比的推动阶段。 "从公司过往三年在初步规模扩产后成本的变化，及下游应用设备规模化后可以获得的更大幅度的成本 下降，均清晰指向了高温超导带材应用领域的拓展很快就会进入加速的空间。目前行业发展已经进入到 ...

Core Viewpoint - Shanghai Superconductor Technology Co., Ltd. is progressing in its IPO application on the Sci-Tech Innovation Board, with steady growth in annual net profit and gross margin during the reporting period, despite a high customer concentration risk [1][4][5]. Company Overview - Company Name: Shanghai Superconductor Technology Co., Ltd. [3] - IPO Status: Under inquiry [3] - Focus: Research, production, and sales of second-generation high-temperature superconducting materials [4]. Financial Performance - Revenue for 2022, 2023, and 2024 is approximately 35.78 million, 83.34 million, and 240 million CNY, respectively, with corresponding net profits of -26.11 million, -3.91 million, and 72.95 million CNY [4]. - In the first half of 2025, the company achieved revenue of approximately 66.54 million CNY and a net profit of about 3.65 million CNY [5]. - The gross margin for the reporting period was 23.49%, 55.77%, 60.52%, and 70.87% [6]. Customer Concentration - The company has a high customer concentration, with the top five customers accounting for 74.24%, 87.45%, 81.93%, and 86.68% of revenue during the reporting periods [8]. - Sales to the largest customer, the Chinese Academy of Sciences, represented over 60% of revenue in the first half of 2025 [1][8]. Inventory and Accounts Receivable - Accounts receivable at the end of each reporting period were 18.16 million, 21.46 million, 81.24 million, and 45.09 million CNY, with respective ratios to revenue of 50.75%, 25.75%, 33.92%, and 67.77% [9]. - Inventory balances increased to 51.62 million, 69.78 million, 88.86 million, and 142 million CNY, reflecting rising production and sales scales [10]. Shareholding Structure - The largest shareholder is Precision Holdings, which owns 18.15% of Shanghai Superconductor [11]. - The company has no controlling shareholder or actual controller, and there are concerns regarding potential business interactions with Precision Holdings [12].

进入问询阶段逾四个月后，上海超导科技股份有限公司（以下简称"上海超导"）科创板IPO迎来新进展，公司近日披露了首轮审核问询函回复，并更新披露 招股书。本次冲击上市背后，上海超导年度净利以及报告期内毛利率均稳步增长。不过，从最新披露的2025年上半年财务数据来看，公司存在客户集中度较 高的情况，当期对第一大客户中国科学院的销售占比超六成。另外值得一提的是，报告期内，A股上市公司精达股份（600577）系公司第一大股东，同时， 精达股份董事长李晓还在公司任董事职务。针对相关问题，上海超导于11月18日接受了北京商报记者的采访。 | 公司全称 | 上海超导科技股份有限公司 | | --- | --- | | 公司简称 | 上海超导 | | 审核状态 | 已问询 | 公司回应：今年净利预喜 第二代高温超导带材生产商上海超导的冲A事项迎来新进展。 上交所官网显示，上海超导科创板IPO于2025年6月18日获得受理，同年7月11日进入问询阶段。近日，公司披露了首轮审核问询函回复。 据了解，上海超导是一家专注于第二代高温超导带材研发、生产和销售的高新技术企业，公司自研和制造了生产线，是国际上唯二已经实现批量年产千公里 级以 ...

Core Viewpoint - The article highlights the rapid advancement of controllable nuclear fusion technology, particularly focusing on the key material, high-temperature superconducting tape, which is attracting significant capital interest. Shanghai Superconductor Technology Co., Ltd. is positioned as a leader in this field, aiming to become the first publicly listed company specializing in high-temperature superconducting materials through its upcoming IPO [1][2]. Company Overview - Shanghai Superconductor, established in 2011, is one of only two companies globally capable of producing over 1,000 kilometers of second-generation high-temperature superconducting tape annually, with a market share exceeding 80% in China [1][9]. - The company plans to raise 1.2 billion yuan through its IPO, which will be used for the production of second-generation high-temperature superconducting tape and the development of its headquarters [1][9]. Technology and Market Potential - High-temperature superconductors are revolutionary materials with zero electrical resistance at extremely low temperatures, offering significant applications in energy transmission, medical imaging, and quantum computing, with a potential market size in the trillions [2][8]. - The second-generation high-temperature superconducting tape, produced by Shanghai Superconductor, is superior in mechanical strength, cost-effectiveness, and high-field current-carrying capacity compared to the first generation, which is fragile and expensive [2][4]. Development History - Shanghai Superconductor's journey began with a shift to independent research and development after facing barriers from foreign companies. The first 100-meter long second-generation high-temperature superconducting tape was produced in 2011 [4][5]. - The company faced significant challenges, including a critical low yield of 30% in 2014, but received investment support that enabled it to increase production capacity significantly, achieving 100 kilometers of delivery in 2019 and 200 kilometers in 2020 [4][5]. Industry Trends - The global commercialization of nuclear fusion is gaining momentum, with significant investments from high-profile individuals and companies, indicating a strong market demand for high-temperature superconducting materials [7][8]. - The market for high-temperature superconducting tape in the nuclear fusion sector is projected to grow from approximately 722 million yuan in 2025 to about 2.144 billion yuan by 2027 [9]. Financial Performance - Shanghai Superconductor's revenue has shown rapid growth from 36 million yuan in 2022 to an expected 240 million yuan in 2024, with a notable shift from losses to profitability [12]. - The company experiences seasonal revenue fluctuations, with a significant portion of its income concentrated in the second half of the year due to the nature of its client base, which includes major research institutions and state-owned enterprises [12][13].