Core Viewpoint - Zhejiang Business Securities report indicates that Hangyang Co., Ltd. possesses both "cyclical and growth" characteristics, leveraging controllable nuclear fusion, quantum computing, and commercial aerospace for growth [1] Group 1: Business Developments - The company has accumulated expertise in gas equipment and is entering the controllable nuclear fusion low-temperature system market, which has significant domestic replacement potential [1] - Hangyang has established close collaborations with leading firms like Anhui Fusion New Energy and has continuously won bids for projects, accelerating its growth potential [1] - On October 7, the company announced winning a bid for a large liquid oxygen tank construction project at a launch site, following its previous provision of liquid hydrogen storage tanks for aerospace launch sites [1] Group 2: Market Opportunities - The company’s liquid oxygen and aerospace-grade krypton-xenon gases provided power support for the launch of the Zhuque-2 rocket in 2023, showcasing its capabilities in the aerospace sector [1] - The future market potential for controllable nuclear fusion equipment, quantum computing, and commercial aerospace is substantial, indicating the opening of a second growth axis for the company [1] - The report maintains a "buy" rating for the company, reflecting confidence in its growth trajectory [1]