坚守一线焊接工作28年，王育忠从一名普通焊工，成长为我国 核电行业自动TIG焊接（钨极气体保护电弧焊）的"领军人"， 优秀焊接团队的"栽培者"，目前担任东方重机生产制造部核岛 分厂自动焊一组组长。 作者： 老盈盈 封图：受访者供图 编者按：2025年，经济观察报以"我们的四分之一世纪"为年终特刊主题，旨在通过数十位时代亲历者的故事，共绘一幅属于这段岁月的集体记忆图 谱。 王育忠至今记得28年前第一次接触焊接时的情形。"第一天上班，看着师傅们在操作，觉得这是一门很神奇的技术。师傅拿根焊条在钢板上比画比画就 像烟花一样，然后钢板就连在一起了，有点儿像变魔术。" 1994年，王育忠来到广州求学，就读于技工学校，那时学校根据企业需求定向培养机械制造人员，他学的是铆焊专业。1997年技校毕业，他直接被分 配到广州锅炉厂。2010年，他来到东方电气（广州）重型机器有限公司（下称"东方重机"）工作。不久就参与了国际重大核电项目"人造太阳"——学 名为国际热核聚变实验堆（ITER）计划，这让他实现了快速的成长。 坚守一线焊接工作28年，王育忠从一名普通焊工，成长为我国核电行业自动TIG焊接（钨极气体保护电弧焊）的"领军人"， ...

Core Viewpoint - The article highlights the journey and achievements of Wang Yuzhong, a welding expert in China's nuclear power industry, emphasizing the importance of skilled labor and innovation in welding technology, particularly in the context of international nuclear projects like the ITER program [2][5][10]. Group 1: Career Development - Wang Yuzhong began his career in welding 28 years ago and has progressed from a regular welder to a leading figure in automatic TIG welding within the nuclear power sector [2][3]. - He joined Dongfang Heavy Machinery Company in 2010 and quickly adapted to automatic welding, mastering the necessary skills and obtaining nuclear qualifications within two years [4][6]. Group 2: Involvement in International Projects - Wang played a significant role in the ITER project, which is a major international nuclear fusion collaboration involving multiple countries, including China [5][6]. - The project aims to explore the feasibility of fusion energy, which is seen as a clean and sustainable energy source [5][6]. Group 3: Technical Challenges and Innovations - The welding processes for the ITER project involved high precision and quality control due to the extreme conditions of nuclear equipment, requiring rigorous monitoring at every stage [6][7]. - Wang's team faced significant challenges in welding complex components, such as the blanket shielding module and magnetic support structures, which required innovative solutions to ensure structural integrity [7][8]. Group 4: Craftsmanship and Knowledge Transfer - The article emphasizes the importance of craftsmanship in welding, highlighting the physical demands and risks associated with the profession [9][10]. - Wang is committed to passing on his knowledge to younger technicians through structured training programs, focusing on both traditional skills and modern innovations in welding technology [11][10].

Core Viewpoint - Dongfang Precision (002611.SZ) is focused on high-end metal materials research and development, manufacturing of castings and forgings, and production of supporting products in nuclear energy, aerospace, and aviation fields [1] Company Overview - Aerospace New Power is one of the earliest companies in China to obtain a nuclear power manufacturing license, with its products used in all existing and under-construction nuclear power projects in the country [1] - The company is a key equipment supplier for the International Thermonuclear Experimental Reactor (ITER) project, recognized as the only supplier of magnet support systems certified by the ITER organization, showcasing its strong technical foundation and engineering experience in nuclear fusion [1] Project Involvement - Since 2013, Aerospace New Power has completed the production and research of core components such as magnet supports and blanket shielding modules for the ITER project [1] - Starting in 2023, the company began participating in preliminary research for the BEST project, with all orders for magnet supports expected to be secured in 2024 [1] - On September 27, 2025, the magnet support products for the BEST project, manufactured by Guizhou Aerospace New Power Technology Co., Ltd., were successfully shipped [1]

Investment Rating - The investment rating for the electric equipment and new energy industry is "Outperform the Market" (maintained) [1]. Core Insights - On July 22, China Fusion Energy Co., Ltd. was established with a total investment of 11.5 billion RMB from various stakeholders, marking a significant step in advancing fusion energy technology in China [2]. - The company will focus on overall design, technology verification, and digital R&D, aiming to build a technology research platform and a capital operation platform [2]. - The capital injection will be used for the construction of the technology research platform and integration of the industrial chain [2]. Company Summaries - **Jinbei Electric**: A leader in ultra-high voltage electromagnetic wire, with products used in nuclear fission projects. The company has developed a fourth-generation ultra-high temperature electromagnetic wire, ending reliance on imports in this field [2]. - **Guangda Special Materials**: A top domestic enterprise in special steel materials and wind power castings, with a strong technical foundation. The company supplies materials for superconducting coil armor and has successfully delivered low-activation martensitic steel [2]. - **Xuji Electric**: A leading enterprise in ultra-high voltage converter valves, with deep expertise in power electronics technology. The company has capabilities in new magnetic field power supply projects for magnetic confinement fusion [2]. - **Dongfang Electric**: A major energy equipment R&D and manufacturing group in China, successfully developing the first batch of blanket shielding modules for the International Thermonuclear Experimental Reactor (ITER) [2]. - **Shanghai Electric**: The largest comprehensive equipment manufacturing group in China, with a complete nuclear energy equipment manufacturing industry chain covering various nuclear power technologies [3]. Financial Forecasts - **Jinbei Electric**: Market capitalization of 7.6 billion RMB, with projected net profits of 570 million RMB in 2024, increasing to 770 million RMB by 2026 [5]. - **Guangda Special Materials**: Market capitalization of 6.6 billion RMB, with projected net profits of 110 million RMB in 2024, increasing to 410 million RMB by 2026 [5]. - **Xuji Electric**: Market capitalization of 25.3 billion RMB, with projected net profits of 1.12 billion RMB in 2024, increasing to 1.88 billion RMB by 2026 [5]. - **Dongfang Electric**: Market capitalization of 73.2 billion RMB, with projected net profits of 2.92 billion RMB in 2024, increasing to 5.52 billion RMB by 2026 [5].