据媒体此前报道，2026核聚变能科技与产业大会将于2026年1月16日至17日在安徽合肥举办。此次大会 将在合肥庐阳区聚变堆主机关键系统综合研究设施（CRAFT）园区召开，主题为"聚核之力，创见未 来"大会旨在促进核聚变产业链上下游协同创新与成果转化，届时核聚变产业资金、产业技术合作有望 加速。 证券时报表示，可控核聚变在顶层规划中首次列入未来产业，且目前行业资本开支明显进入到上行周 期。安徽合肥已建成全球领先的聚变装置集群，依托EAST、BEST、CRAFT等重大大科学装置，覆盖 磁约束聚变的多个关键技术环节，产业链已形成较为完备的闭环，区域聚变相关专利数量占全国总量的 37%。AI算力催生电力需求，可控核聚变作为"终极能源"重要性增加，行业已进入"工程可行性验证"阶 段，系列实验堆进入密集的设备采购、招标和建设阶段，产业链上游的材料和中游的核心设备供应商将 迎来订单释放。 公司方面，据证券时报表示， 合锻智能：公司领先布局聚变堆真空室制造工艺，受益于合肥聚变产业集群建设。 西部超导：公司是核聚变核心供应商，深度参与国内外聚变项目，为ITER项目中国唯一低温超导线材 供应商，2024年完成CRAFT项目交付 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5] Core Insights - The company is a leading player in high-end forming machine tools and ranks second in the domestic color sorting machine market, with a revenue CAGR of 24% from 2019 to 2024 [2][20] - The company has a significant first-mover advantage in the nuclear fusion sector, particularly in the manufacturing of vacuum chambers, and is well-positioned to benefit from the burgeoning fusion industry [4][5] - The company’s revenue forecast for 2025-2027 is projected at 2.4 billion, 3.0 billion, and 3.8 billion yuan respectively, with net profits of 113 million, 156 million, and 208 million yuan [5][12] Summary by Sections Company Overview - The company specializes in high-end forming machine tools and intelligent sorting equipment, with a revenue breakdown in 2024 of approximately 57% from color sorting machines, 29% from hydraulic machines, and 13% from mechanical presses [2][26] - The company has been recognized as a "National Manufacturing Single Champion Demonstration Enterprise" and is a key player in the automotive hot forming equipment sector, competing with global leaders [20][63] Industry Position - The high-end forming machine tool market is expected to grow at a CAGR of 5-7% from 2024 to 2030, with the total market size projected to reach approximately 1.59 to 1.96 trillion yuan by 2030 [2][63] - The color sorting machine market is anticipated to grow at a CAGR of 4% from 2024 to 2031, with a market size of 7.17 billion yuan in 2024 [3] Nuclear Fusion Sector - The company is strategically positioned in the nuclear fusion industry, having participated in the preliminary research of vacuum chambers since 2021, and has secured contracts worth 209 million yuan for the BEST vacuum chamber project [4][5] - The total market space for global Tokamak devices is estimated to exceed 250 billion yuan, with significant demand expected to materialize in the next 3-5 years [4][59] Financial Projections - The company’s revenue is projected to increase from 2.07 billion yuan in 2024 to 3.76 billion yuan in 2027, with a corresponding improvement in net profit from a loss of 89 million yuan in 2024 to a profit of 208 million yuan in 2027 [5][12] - The company’s P/E ratios are forecasted to decrease from 82 in 2025 to 44 in 2027, indicating an improving valuation as profitability increases [5][12]