Core Insights - The company, Lianchuang Optoelectronics, is positioned as a leader in high-temperature superconducting magnets, tapping into a future trillion-yuan industry through its subsidiary, Lianchuang Superconducting, which holds a 40% stake [1] Group 1: High-Temperature Superconducting Technology - Lianchuang Optoelectronics has a leading technology in high-temperature superconducting magnets, with applications in induction heating, magnetic control silicon crystal growth, controllable nuclear fusion, and electromagnetic catapults [1] - The company is the main contractor for the "Spark One" nuclear fusion-fission hybrid project in Jiangxi, with a total investment of 20 billion yuan, aiming to complete construction by the end of 2029 and achieve demonstration power generation by 2030 [1] Group 2: Commercial Aerospace and Electromagnetic Launch - The company has entered the commercial aerospace sector by investing 24 million yuan for a 30% stake in a joint venture focused on electromagnetic launch systems, leveraging its core high-temperature superconducting technology [2] - The joint venture aims to provide low-cost, high-frequency, and environmentally friendly commercial aerospace launch services [2] Group 3: Traditional Business Optimization - The company's traditional businesses, including smart controllers and backlight sources, are undergoing structural optimization, with smart control maintaining a stable position in the home appliance sector while expanding into high-margin areas like industrial control and automotive electronics [2] - The backlight source business has shifted focus from low-margin mobile phone applications to higher-value sectors, resulting in a revenue increase of 17.95% in the first half of 2025 [2] Group 4: Laser Products and Military Exports - There is a growing demand for anti-drone systems globally, particularly in conflict regions, leading to significant revenue growth in laser products, with a 176.87% increase in revenue from laser and traditional LED chips in the first half of 2025 [3] - The company has received export licenses for its "Light Blade" series products, which are expected to boost overseas military trade [3] Group 5: Financial Performance - The company reported a net profit of 400 million yuan in the first three quarters of 2025, marking a 19.37% increase, with a strong performance in the third quarter showing a 28.31% growth [3] - Investment income reached 384 million yuan, with contributions from joint ventures being a key driver of profit growth [3]

Core Viewpoint - The article highlights the growing interest in controllable nuclear fusion concept stocks, particularly focusing on Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. (Lianchuang Optoelectronics), which has made significant progress in its transformation and upgrade efforts in recent years [2][3]. Company Performance - Lianchuang Optoelectronics reported a revenue of 800 million yuan in Q1 2025, representing a year-on-year increase of 11.54%, and a net profit attributable to shareholders of 116 million yuan, up 10.57% year-on-year [2]. - The company has successfully turned its backlight source business profitable since March, focusing on products with good development trends such as flat panel, automotive, and industrial control backlight sources [3]. Technological Innovation - The company is committed to continuous innovation, optimizing its industrial structure by focusing on smart control, laser, and high-temperature superconducting industries, which are gradually entering the commercialization phase [2]. - Lianchuang Optoelectronics is enhancing the performance, stability, and environmental adaptability of its laser products while expanding its product matrix to maintain a leading position in niche markets [3]. Industry Outlook - The commercialization of controllable nuclear fusion is accelerating, with global construction of fusion devices expected to yield 2 to 3 new operational devices annually in the coming years [4]. - The "Spark One" project, which utilizes high-temperature superconducting technology, is progressing from the planning phase to actual operation, with significant milestones expected between 2026 and 2029 [5]. Future Prospects - Experts predict that controllable nuclear fusion could achieve commercial application within the next 10 to 15 years, potentially becoming a crucial part of the global energy structure and contributing to sustainable development [6].