Core Viewpoint - The report from Zheshang Securities highlights that Xizhuang Co. has signed a framework agreement to develop low-temperature pump products for fusion applications, indicating that controlled nuclear fusion opens up growth opportunities for the company [1] Company Overview - Xizhuang Co. has deepened its expertise in the high-end pressure vessel industry for many years, benefiting from the CAPEX growth in downstream energy and chemical sectors [1] - The company has established core competencies in metallurgy, welding, forging, heat treatment, mechanical design, and manufacturing, which are essential for the manufacturing of metal pressure vessels [1] Technological Capabilities - The high integration and precision of the underlying processes and technologies align well with the complex equipment, extreme conditions, and extreme reliability required for nuclear fusion devices [1] - The framework agreement with research institutions demonstrates the company's technical strength and engineering capabilities [1] Market Position and Growth Potential - As a leading domestic metal pressure vessel enterprise, the company is leveraging its traditional petrochemical and chemical business for steady growth while actively expanding into emerging high-demand sectors such as nuclear power and high-end shipbuilding [1] - The positioning in cutting-edge industries like controlled nuclear fusion continues to open up growth space for the company [1] - The report maintains a "buy" rating for the company, reflecting confidence in its growth trajectory [1]