Core Insights - Guoguang Electric (688776) is committed to transitioning from laboratory research to industrialization and providing energy solutions, emphasizing its significant responsibility and mission [1] - The company has demonstrated strong capabilities in the nuclear industry, achieving domestic production of key equipment and components, and has entered the stage of mass production and delivery [1] - The company’s revenue from the nuclear industry segment has grown from 0.19 billion in 2018 to 3.73 billion in 2023, reflecting a compound annual growth rate (CAGR) of 81% over five years [3] Company Developments - Guoguang Electric has made significant breakthroughs in the nuclear industry, including the development of the world's first large vacuum high-temperature helium leak detection device that meets ITER requirements [2] - The company has successfully completed the development and mass production of several nuclear industry valves, including the DN40 model, which are now being supplied in bulk to downstream application units [2] - The all-metal vacuum booster pump produced by Guoguang Electric has entered the small batch trial production stage [3] Industry Trends - The controlled nuclear fusion industry in China is accelerating, with significant milestones achieved in various fusion devices, such as the HL-3 and EAST [3] - The establishment of China Fusion Energy Co., led by China National Nuclear Corporation, focuses on large scientific experiments and fusion reactor material development [3] - New policies released in Shanghai aim to accelerate the innovation of frontier technologies and the cultivation of future industries, specifically targeting the controlled nuclear fusion sector [4]