Core Insights - The controllable nuclear fusion sector is experiencing significant activity, with multiple stocks reaching their daily limit up, indicating strong investor interest and market momentum [1][2] - The market is driven by the promising prospects of controllable nuclear fusion as a "ultimate energy" source, transitioning from experimental validation to engineering demonstration phase, with new projects set to launch bidding soon [2][3] Stock Performance - Tianli Composite (920576) saw a price increase of 30%, with a year-to-date growth of 182.45% and a trading volume of 5.16 billion [2] - Xuren Group (002639) rose by 9.99%, with a year-to-date increase of 165.11% and a trading volume of 30.48 billion [2] - Other notable performers include Guojizhongzhuang (601399) up 9.98%, Falsen (000890) up 9.93%, and China First Heavy Industries (601106) up 9.89% [2] Market Trends - The International Energy Agency predicts that the global nuclear fusion market could approach $500 billion (3.5 trillion RMB) by 2030, highlighting the sector's growth potential [3] - Recent grassroots research indicates that multiple new projects, including "Xinghuo No. 1" in Jiangxi and "Xianjue" in Chengdu, are set to begin preliminary bidding within the year, marking a shift towards industrialization [3] Sector Analysis - The superconducting materials sector is expected to benefit significantly from the demand for high-performance superconducting magnets essential for plasma confinement in fusion devices [4] - The core component manufacturing sector will see increased orders for precision components like tungsten-based filters and vacuum chambers, which require high-temperature resistance and radiation tolerance [4] - The high-end equipment and system integration sector will experience growth opportunities as large experimental and demonstration reactors require comprehensive design and integration capabilities [4] Supporting Systems - The power supply and control systems sector is crucial for providing stable magnetic fields and heating power, with companies that have historically supported research projects likely to secure bulk orders during the industrialization phase [5]

Core Insights - The company, Giant Lifting Equipment Co., Ltd., hosted a research event attended by 70 institutions, including CITIC Securities, showcasing its operations and future plans [1] Accounts Receivable Situation - As of June 30, 2025, the company's accounts receivable stood at 1.493 billion yuan, with 74% (1.1 billion yuan) of the receivables aged within one year, indicating strong repayment capabilities due to partnerships with quality state-owned enterprises [2] Future Layout and Capacity Planning - The company is focusing on deep-sea technology, as highlighted in the 2025 government work report, and is developing long-term mooring systems to address key technical bottlenecks in marine engineering equipment [2] - A wholly-owned subsidiary has been established in Tianjin to enhance industrialization and scalability, with a feasibility study currently being prepared [2] Deep-Sea Mooring Products and Advantages - Since 2023, the company has obtained multiple DNV factory recognition certificates, making it the only enterprise with such certifications, marking a shift from providing single products to offering comprehensive solutions [2] - The company is uniquely positioned in the deep-sea mooring market, with capabilities in complete mooring rope design and manufacturing [2] Funding and Dividend Plans - The Tianjin subsidiary will utilize working capital and is eligible for policy support due to alignment with government initiatives [2] - The company has distributed over 300 million yuan in dividends since its listing and plans to increase returns to investors as the Tianjin subsidiary's projects contribute to performance [2]