围绕国家所需和人民所盼，"十四五"规划纲要提出了102项重大工程项目。 看生态建设，"三北"工程攻坚战三大标志性战役全面打响，黄河"几字弯"绿进沙退；科尔沁、浑善达克 流动沙地歼灭战有力阻遏京津风沙源；塔克拉玛干沙漠边缘全长3000多公里的阻沙防护带构筑起"绿色 长城"。 确保圆满收官 当前，各地各部门正积极推进102项重大工程圆满收官。 四川省发展改革委明确，更好发挥"天府项目通"和重大项目调度机制作用，加快实施国家102项重大工 程、810个省重点项目和320个川渝共建项目，加力推进"两重""两新"落地见效，更大力度提振内需。 国铁集团有关负责人日前表示，加快构建现代化铁路基础设施体系，加大铁路建设投资力度，尽可能多 完成实物工作量，确保铁路"十四五"规划各项任务圆满完成。 国家发展改革委副主任李春临日前介绍，经过四年多扎实推进，102项重大工程取得一系列重大进展、 重大成效，预计年底前能全部完成规划目标。 重大工程顺利推进 近年来，这些重大工程项目正改变我们的日常生活。 看交通投资，9月27日，随着55601次试验列车从包头站驶出，包头至银川高铁包头至惠农段开始试运 行，全线开通运营进入倒计时。届时，衔 ...

在7月29日《中美的终极对决——东方超环》文章中介绍了，人类巅峰科技是解决全球能源问题，因为石油天然气等化石能源终有枯竭的一天，中美都在加 速研发可控核聚变技术，通俗讲就是"人造太阳"；近日，中国科研团队在该领域实现重大突破，根据9月28日央视新闻报道，中国科学院合肥物质院等离子 体物理研究所联合国内多家科研机构与大学共同研制的全超导磁体，实现了35.1特斯拉中心稳态磁场，创造了新的世界纪录。 可控核聚变产生的能量比原子弹爆炸能量还要大，并且没有任何放射性物质产生，因此可控核聚变被誉为"终极能源"，而谁拥有了可控核聚变技术，谁将拥 有取之不尽用之不竭的清洁能源。 核聚变就像太阳一样发出巨大能量，但如何把这个能量锁住，被人类所用，被人类控制，一直是人造太阳的核心研究方向，中国为此研制出世界领先的"东 方超环"，走的是托卡马克磁约束路线。"东方超环"就像一个笼子一样，把高温等离子体约束在里面，而近日中国实现的35.1特斯拉中心稳态磁场将让"东方 超环"升级成"东方超环"ultra版，超强且稳定的磁场意味着可以让"东方超环"里持续发生核聚变，核聚变时间越长，能量输出越多。原本计划到2050年中国 聚变工程实验堆实验 ...

9月20日，2025世界制造业大会在合肥市开幕。图为工作人员向观众介绍第四代本源悟空量子计算 机。 中新社记者 韩苏原 摄 "十四五"期间，安徽许多领域实现从追赶者到领跑者的转变。"祖冲之三号"量子计算原型机领跑全 球，"本源悟空"刷新中国自主量子算力服务规模纪录，"东方超环"创造"亿度千秒"新的世界纪录，"天 都"双星实现绕月编队飞行...... 安徽的重大新兴产业集群建设同样成效显著。"十四五"期间，安徽26个省重大新兴产业基地提质扩量， 基地产值从"十三五"末的7500亿元提高至2024年的1.35万亿元。集成电路、新型显示器件、人工智能、 先进结构材料4大国家战略性新兴产业集群优秀率居中国第3位。 "特别是汽车产业实现历史性突破：从1968年江淮汽车打造出'皖产第一车'，到'十四五'我省汽车和新能 源汽车产量双双由全国第8位和第4位跃升至第1位。"陈军说。 安徽"十四五"经济总量连跨两个万亿台阶 中新社合肥9月28日电 (记者 赵强)安徽省发展和改革委员会主任陈军28日表示，"十四五"期间，安徽经 济总量连跨两个万亿台阶。"在全国发展大局中，我们进入了经济大省的行列。" 当天，安徽省政府新闻办召开新闻 ...

Core Insights - The article discusses China's advancements in controlled nuclear fusion, highlighting the progress made in the context of the "14th Five-Year Plan" and the "dual carbon goals" [2][3] Industry Developments - By 2025, significant progress has been made in China's controlled nuclear fusion research, with milestones such as the "East Super Ring" achieving plasma stability at 1 million degrees Celsius for 1066 seconds and the "China Circulation No. 3" reaching dual temperatures of 1.17 million degrees for atomic nuclei and 1.6 million degrees for electrons [5][7] - The controlled nuclear fusion industry chain in China is taking shape, involving upstream raw material production, midstream equipment manufacturing, and downstream technology enterprises and research institutions [7] Technological Pathways - Chinese research institutions and companies are exploring multiple technical routes for nuclear fusion, including the "deuterium-tritium" and "hydrogen-boron" pathways, aiming for breakthroughs in controllability and stability [8][10] - The "deuterium-tritium" route, led by national teams like the Chinese Academy of Sciences and China Nuclear Group, focuses on controlled fusion reactions for sustainable energy output [10] - The "hydrogen-boron" route, proposed by New Energy Group, emphasizes cost-effectiveness and safety, with the potential for high efficiency in energy generation [10][12] Collaborative Efforts - The dual-track approach of national teams and enterprises is fostering a collaborative environment to advance the "artificial sun" project, with significant contributions from both sectors [14] - The emergence of "super factories" and "super equipment" in the controlled nuclear fusion field is exemplified by New Energy's "Xuanlong 50U," which has achieved several international firsts in plasma discharge and magnetic field conditions [15] Talent and Ecosystem Development - Strengthening talent exchange and ecological cooperation is crucial for technological upgrades, with New Energy establishing an international and diverse research team and collaborating with over 70 top research institutions across four continents [17] - The ongoing exploration of fusion energy technology, which began in the mid-20th century, continues to be a focal point, with expectations that the maturation of China's nuclear fusion industry will accelerate ecological cooperation and attract more scientific talent [17]

Core Viewpoint - The establishment of China Fusion Energy Co., Ltd. marks a significant step in the country's strategy for controllable nuclear fusion engineering and commercialization, indicating a three-step investment plan led by national will, focusing on semiconductor and AI development in the short term, infrastructure upgrades through mega projects in the medium term, and a long-term commitment to the energy revolution through controllable nuclear fusion [1][2]. Group 1: Company Overview - China Fusion Energy Co., Ltd. was officially established on July 22 in Shanghai, under the leadership of China National Nuclear Corporation (CNNC) [2]. - The company will focus on overall design, technology verification, digital R&D, and the establishment of technology and capital operation platforms [2]. Group 2: Strategic Investment Plan - The national investment plan includes short-term acceleration of semiconductor and AI industries, medium-term infrastructure upgrades led by mega projects like the Yajiang Hydropower Station, and long-term investments in controllable nuclear fusion [1][2]. - The roadmap indicates that by 2035, a fusion engineering experimental reactor is expected to achieve an output of 100-200 MW, with grid connection planned around 2050 [1][60]. Group 3: Technological Landscape - Controllable nuclear fusion is categorized into two main approaches: magnetic confinement and inertial confinement, with the Tokamak and stellarator representing magnetic confinement, and laser fusion and Z-pinch representing inertial confinement [1][3]. - The Tokamak route is currently the most mature and mainstream globally, with significant breakthroughs achieved by China, including the "China Circulation No. 3" device reaching temperatures of 117 million degrees Celsius for ions and 160 million degrees Celsius for electrons [1][2]. Group 4: International Comparison - The U.S. National Ignition Facility achieved laser fusion ignition in 2022, but its energy output remains significantly lower than the total energy consumed by the system [1][6]. - Both China and the U.S. are pursuing different technological routes, with China focusing on high-temperature superconducting Tokamak technology due to its rare earth resource advantages, while U.S. companies are increasingly promoting inertial confinement methods [1][2][41]. Group 5: Future Prospects - The commercial progress of controllable nuclear fusion is expected to break free from the "50 years" curse, with initial commercialization potentially achievable within a decade [2][60]. - The private sector is also seeing increased investment, with startups like Energy Singularity aiming to build high-temperature superconducting Tokamak devices by 2027, targeting an energy gain of Q>10 [1][58].

Core Insights - During the "14th Five-Year Plan" period, China's manufacturing industry has achieved historic breakthroughs in various fields, producing several globally influential "firsts," which signify a shift from following and participating in international industrial division to leading and dominating it [1][2] Group 1: Achievements in Manufacturing - China's manufacturing sector has successfully launched significant projects such as the domestically produced large cruise ship "Aida Magic City," the commercial flight of the C919 large passenger aircraft, and the production of T800 aerospace carbon fiber, breaking foreign monopolies and reducing risks of being "choked" [1] - China is the only country with all industrial categories classified by the United Nations, with over 220 major industrial products ranking first in global production, showcasing a comprehensive and large-scale industrial system [2] Group 2: Contributions to Global Supply Chains - The robust Chinese manufacturing system has not only improved domestic living standards but also reduced economic development costs for other countries, contributing significantly to the stability of global industrial and supply chains amid a sluggish world economy [2] - The experience of China's manufacturing development and transformation is aiding more economies in better participating in international industrial division, promoting local economic and social development [2] Group 3: Future Directions for Manufacturing - The "14th Five-Year Plan" has laid a solid foundation for the "15th Five-Year Plan," with achievements in emerging industries, supply chain resilience, and modern industrial system construction [3] - Future efforts should focus on enhancing capabilities in three areas: seizing technological transformation opportunities, overcoming institutional barriers, and ensuring the security of industrial and supply chains [4][5]

Core Insights - During the "14th Five-Year Plan" period, China's manufacturing industry has achieved historic breakthroughs in various fields, producing several globally influential "firsts," which signifies a shift from following and participating in international industrial division to leading and dominating it [1][2] Group 1: Achievements in Manufacturing - China's manufacturing sector has successfully launched significant projects such as the domestically produced large cruise ship "Aida·Modu," the commercial flight of the C919 large passenger aircraft, and the production of T800 aviation carbon fiber, breaking foreign monopolies and reducing risks of being "choked" [1] - China is the only country with all industrial categories in the United Nations' industrial classification, with over 220 major industrial products ranking first in global output, showcasing a comprehensive and resilient industrial system [2] Group 2: Contributions to Global Supply Chains - The robust manufacturing system in China has not only improved the quality of life for its citizens but has also significantly lowered economic development costs for other countries, contributing to the stability of global industrial and supply chains [2] - China's experience in manufacturing development and transformation is aiding other economies in better participating in international industrial division, promoting local economic and social development [2] Group 3: Foundations for Future Development - The achievements during the "14th Five-Year Plan" have laid a solid foundation for the "15th Five-Year Plan," with a focus on enhancing the scale and quality of manufacturing while addressing various internal and external challenges [3] - Future efforts should concentrate on three key capabilities: seizing technological transformation opportunities, overcoming institutional barriers, and ensuring the security of industrial and supply chains [4]

Investment Rating - The report assigns an "Outperform" rating for the general equipment industry, marking its first rating change [2]. Core Insights - The nuclear power sector is at a turning point, with a sustained high level of activity expected due to continuous approvals exceeding expectations. The number of approved nuclear power units from 2021 to 2025 is projected to be 5, 10, 10, 11, and 10 respectively, totaling 46 units during the "14th Five-Year Plan" period [6][18]. - The investment in nuclear power construction is expected to reach a historical high, with 146.9 billion yuan completed in 2024, an increase of 52 billion yuan from the previous year, reflecting a growth rate of 54.79% [6][25]. - The domestic nuclear power industry is shifting towards self-sufficiency, with significant progress in the localization of key equipment, particularly in the midstream sector, where core equipment is increasingly being replaced by domestic alternatives [6][44]. Summary by Sections Section 1: Nuclear Power Growth Potential - The nuclear power sector is entering a rapid development phase, with the government emphasizing the need for safe and orderly growth. The target for operational nuclear capacity is set to reach 70 million kW by 2025 [11][14]. - The long-term outlook suggests that by 2060, nuclear power capacity could reach 400 million kW, necessitating an average annual addition of approximately 9.4 million kW over the next 36 years [14][15]. Section 2: Sustained Nuclear Power Demand - The demand for nuclear power is expected to remain robust, driven by the need for stable and clean energy sources amid increasing reliance on renewable energy [11][12]. - The "Hualong One" technology has matured, and the domestic nuclear equipment manufacturing process is accelerating, with a significant portion of the supply chain now localized [32][44]. Section 3: Key Companies in the Sector - Jiangsu Shentong is highlighted as a key player focusing on nuclear valves, with a strong outlook for growth supported by recent capital increases [6][7]. - Other notable companies include Zhongke Technology, which specializes in nuclear fuel transportation containers, and Jingye Intelligent, which focuses on nuclear industrial robots, both benefiting from the domestic demand for nuclear fuel processing [6][7][8]. Section 4: Investment Recommendations - The report recommends focusing on companies with established delivery capabilities in the nuclear sector, such as Jiangsu Shentong, Zhongke Technology, and Jingye Intelligent, as they are well-positioned to capitalize on the growing domestic market [6][7][8].