1月5日，上海市浦东新区"共赢浦东共创未来——引领区2026年抓投资优环境促发展大会"举行。会议现 场，50个重点项目集中落地，总投资额超700亿元。 这些项目覆盖金融、科技产业、商贸外资、文体旅游、国资、人才等多个关键领域，既有"尚界"新能源 车整车生产基地项目、华软股份总部及研制基地项目等产业标杆项目，也有海光信息AI总部、星能玄 光可控核聚变项目等硬核科技项目，彰显浦东产业生态的多元活力与创新潜力。 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 资讯编辑：罗莹 021-26093550 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 ...

Group 1: Industry Developments - The ITER edge local model power supply system (ELM-PS) cash contract was successfully awarded to a consortium led by the Southwest Institute of Nuclear Physics, covering the design, manufacturing, and installation of 27 adjustable output power supplies[6]. - The Chengdu quasi-symmetric stellarator project has completed its main structure, expected to operate by 2027, filling a significant research gap in China[6]. - New breakthroughs in neutral beam injection technology by New Wave Fusion achieved a total ion source power of 5MW and an injection power of 2.5MW, meeting design goals and enhancing plasma heating capabilities[6]. Group 2: Investment Events - Beijing Zero Point Energy Technology Co., Ltd. completed over 50 million yuan in angel round financing, focusing on low-cost, high-parameter controllable nuclear fusion technology[8]. - The company aims to use this funding to develop its first experimental device for key verification experiments in magnetic zero-point fusion technology[8]. Group 3: Risk Factors - Potential risks include underperformance of industrial policies and delays in technological breakthroughs and cost reductions[8].

封面新闻记者 易弋力 在2025年的尾声，成都创投圈热度不减。12月26日，第二场"产投28计划"路演活动在成都产投集团举行，来自北京、上海、深圳、广州以及成都本地的20 家企业集结，与国内头部投资机构及产业专家齐聚一堂。 本次路演聚焦人工智能、先进制造、航空航天、生物医药等前沿赛道，延续了核心的"直通机制"。在全天的路演中，由"外部知名机构+内部产业专家"组 成的评审团，严格依据投资范围符合性等五个维度对项目进行量化打分，与企业展开了一场高密度技术论证与资本对接。 资本+载体协同，提供全要素落地保障 同为精准针对处于不同发展阶段项目与企业的需求，"产投28计划"推出配套服务，重点涵盖产业生态对接及政策配套。在此背景下，崇州市作为产业承载 地代表，在项目路演开始前进行了推介。 崇州市相关负责人介绍了当地电子信息、智能家居及航空航天三大产业集群，以及四川崇州经济开发区中的核心产业载体。她表示，崇州正全面推行工业 项目"拿地即开工、预验即试产、竣工即发证"工作机制，提供从标准化厂房到人才公寓的全要素保障，诚邀优质项目入驻，共建产业链生态。 在生物医药领域主要分为原创新药与高端器械项目。有来自前沿生物技术的研发团队 ...

【宏观 】 美联储或暂停降息，日央行如期加息 本周大宗 商品中铜与金表现 亮眼，发达市场股票表现优于新兴市场。美国就业市场仍处于弱而不崩的状态，通胀增速不及预期，二次反弹风险相对可控，美 联储短期内或暂停降息进行观望。日央行如期加息 25BP ，未来或仍将缓慢加息。欧央行降息周期或已接近终点。 全球大类资产表现。 本周（ 2025.12.15-2025.12.19 ）， 全球大宗商品价格涨跌互现。其中， IPE 布油期货下跌 1.1% ，标普 - 高盛商品指数下跌 0.5% ，而 COMEX 铜上涨 2.3%, ，伦敦金现上涨 1.0% ，南华商品指数上涨 0.1% 。 每周 一 景：辽宁省大连市瓦房店市驼山乡排石村 点击右上角菜单，收听朗读版 股票市场方面，新兴市场股票市场表现弱于发达市场。其中日经 225 下跌 2.6% ，幅度最大。恒生指数下跌 1.1% 。上证综指与上周持平，标普 500 上涨 0.1% 。新兴市场股票指数下跌 1.5% ， 发达市场股票指数上涨 0.2% 。债市方面， 10 年期美债收益率较上周回落 3BP 至 4.16% ，国 内 10Y 国债期货 价格较前一周下跌 0.1% ，中 ...

Investment Rating - The report assigns an "Accumulate" rating for the controllable nuclear fusion industry [5]. Core Insights - The controllable nuclear fusion industry is experiencing a significant acceleration in bidding, with major contracts focusing on components such as magnets and power supplies. The total amount of contracts awarded has exceeded 1 billion RMB [3][4]. - Trump Media Technology has announced a final merger agreement with TAE Technologies, valued at over 6 billion USD, aimed at building large fusion power plants to meet energy demands driven by artificial intelligence [4][18]. - The U.S. Department of Energy has invested 87 million USD to promote the application of artificial intelligence in fusion energy research, indicating a strong governmental push towards technological advancements in this field [24]. Summary by Sections Market Performance - During the week of December 15-19, the nuclear fusion index fell by 0.59%, underperforming the broader market by 0.62 percentage points [8][11]. Bidding and Contract Information - The report highlights that the bidding activity has significantly increased, with major contracts awarded primarily for magnets and power supplies. Notable companies involved in recent contracts include Aike Saibo and Qifan Cable [4][10]. Domestic and International News - Gyro Swin, an AI tool developed by a research team, has achieved a 1000-fold increase in the speed of 5D plasma modeling, reducing computation time from days to seconds [13]. - Thea Energy has unveiled the Helios concept design for a commercial fusion power station, which aims to simplify the manufacturing of complex magnetic fields necessary for plasma confinement [16][17]. Investment Dynamics - The merger between Trump Media Technology and TAE Technologies is expected to facilitate the construction of the first utility-scale fusion power plant, with an initial capacity of 50 MW and plans for future expansion [19][23]. - The report emphasizes the importance of focusing on key components such as magnets, power supplies, and other critical systems within the controllable nuclear fusion sector, identifying several key domestic suppliers [27].

早盘，可控核聚变板块表现活跃。宏微科技20CM涨停，常辅股份涨超16%，哈焊华通涨超11%，中国一重、百利电气、雪人集团涨停，海陆重工、西部材 料涨超9%。 | 名称 | 坝价 | | 旅跌 | | | --- | --- | --- | --- | --- | | 常铺股份 | 38.18 | 5.46 | 16.69% 1.90亿 189.44% | | | 時精英題 | 50.88 | 5.07 | 11.07% 6.02亿 191.99% | | | 中国一重 | 3.83 | 0.35 | 10.06% 6.64亿 | 31.62% | | 百利电气 | 7.14 | 0.65 | | 10.02% 3.49亿 51.91% | | 雪人集团 | 20.34 | 1.85 | | 10.01% 23.30亿 196.93% | | 海陆重工 | 12.99 | 1.12 | | 9.44% 10.12亿135.03% | | 西部材料 | 37.46 | 3.17 | 9.24% | 13.43 Z 115.16% | | 国机重装 | 5.60 | 0.38 | 7.28% | 13.56亿 81 ...

据智通财经消息，统计显示，12月1日至12月12日，中科院合肥等离子体物理研究所及聚变新能安徽中 科院合肥等离子体物理研究所及聚变新能安徽合计公布中标项目总额超过24亿元，中标预算金额超过 5000万的项目达到9个。 据统计，2025年1月1日至12月12日，BEST项目招标数量达到43个，招标预算金额达到20.43亿元，同期 EAST、CRAFT项目的招标数据量分别为10、12个，招标预算金额分别为0.18、0.77亿元。其中，EAST 项目多为升级维护，而BEST则涉及多个关键部件（磁体线圈、偏滤器、包层系统及第一壁）的招标， 高价值量订单密集落地，表明行业或已逐步从密集招标步入密集中标的阶段，资本开支扩张逻辑得以验 证。 具体到A股市场，可控核聚变已被顶层规划列入"未来产业"，行业资本开支进入到上行周期。预计未来 3-5年将是核聚变项目投招标的高峰时期。基于需求释放与技术突破，可控核聚变板块迎来历史性机 遇。可关注低温超导线材龙头、钨铜偏滤器核心供应商等。（光大证券微资讯） 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 从整个产业进展来看，中国在磁约束聚变领域领跑全球，2025年EAST ...

交易所数据显示，截至12月12日盘中，可控核聚变板块表现活跃。板块内5只个股涨停，天力复合 20CM涨停，爱科赛博涨超11%，华菱线缆、四创电子、雪人集团、国机重装涨停，安泰科技涨超9%， 常辅股份涨超8%，中泰股份、辰光医疗涨超6%，斯瑞新材、中国核建、西部超导、广大特材涨超5%， 王子新材涨超4%，海陆重工、东方电气、顺钠股份、金杯电工、百利电气、应流股份涨超3%。 市场炒作的核心逻辑在于可控核聚变技术商业化带来的巨大想象空间。国际能源署预测的2030年近5000 亿美元全球市场规模，让资本市场看到了该领域未来的广阔发展前景，资金纷纷涌入相关概念股，推动 板块走强。 消息面上，国际能源署发布预测，到2030年，全球核聚变市场规模有望接近5000亿美元，约合人民币 3.5万亿元。这一数据充分展现了可控核聚变技术从实验室走向商业化应用的加速趋势，巨大的市场潜 力吸引了资金对相关概念的关注，成为板块走强的重要驱动因素。 受影响板块分析： 超导材料板块：可控核聚变装置需依赖高性能超导材料产生强磁场，随着技术推进与项目落地，超导材 料的市场需求将持续攀升，相关企业有望在行业扩容与技术升级中获得更多发展机遇。 核心部 ...

Core Points - The International Scientific Program for Burning Plasma initiated by the Chinese Academy of Sciences was officially launched in Hefei on November 24, 2023, alongside the global research plan for the compact fusion energy experimental device BEST [1][3] - Scientists from over ten countries, including France, the UK, Germany, and Italy, gathered in Hefei to sign the Hefei Fusion Declaration, emphasizing the need for international collaboration in advancing fusion energy research [3] - The announcement led to significant activity in the secondary market for controllable nuclear fusion concepts, with stocks like Srey New Materials rising over 14% and others like Lanshi Heavy Industry and Sichuan Chuang Electronics increasing by over 7% [4] Industry Overview - The fusion research is entering a new phase termed "burning plasma," driven by advancements in international projects like ITER and BEST [3] - The investment landscape for controllable nuclear fusion is changing, with increased interest from investors, as evidenced by recent funding rounds for companies like Xingneng Xuanguang and Nova Fusion [9] - Controllable nuclear fusion is seen as a promising energy source due to its minimal environmental impact compared to nuclear fission and the abundance of raw materials like deuterium from seawater [9] Market Potential - The nuclear fusion market is expected to grow rapidly, with projections indicating that the Tokamak fusion market could reach 681 billion yuan by 2025-2030 and potentially rise to 3 trillion yuan by 2030-2035 as commercial reactors become viable [12] - The supply chain for nuclear fusion includes raw material suppliers, technology development, equipment manufacturing, and nuclear power construction and operation, indicating a comprehensive industry ecosystem [10]

Core Insights - Hefei Xingneng Xuanguang Technology Co., Ltd. has undergone a business change, adding new shareholders including Ant Group's Shanghai Yunyang Enterprise Management Consulting Co., Ltd. and Zijin Mining Equity Investment Management (Xiamen) Co., Ltd. [1] - The registered capital of Hefei Xingneng Xuanguang Technology has increased from approximately 6.65 million RMB to about 9.025 million RMB [1] - The company, established in March 2024, focuses on the commercialization of controllable nuclear fusion technology [1] Company Overview - Hefei Xingneng Xuanguang Technology Co., Ltd. was founded in March 2024, with Yang Zhida as the legal representative [1] - The company's business scope includes research and development of emerging energy technologies, sales of electronic products, manufacturing of electronic specialized equipment, and sales of electronic specialized equipment [1] - Current shareholders include Sun Xuan, Hefei Xingneng Blueprint Information Technology Partnership (Limited Partnership), and the newly added shareholders [1]