Group 1 - China Fusion Energy Company announced the construction of the "China Circulation No. 4" experimental device in Shanghai, marking the entry into the "superconducting era" of nuclear fusion research [1] - The National Development and Reform Commission and the Energy Administration issued the "Implementation Opinions on Intelligent Development of Controlled Nuclear Fusion," emphasizing the use of AI technology to create intelligent control systems for plasma steady-state operation [1][3] Group 2 - The global competition in nuclear fusion is intensifying, with China's BEST project starting assembly two months ahead of schedule, while the US Helion company signed a global first nuclear fusion power purchase agreement with Microsoft for delivery in 2028 [4] - Japan has updated its "Fusion Energy Innovation Strategy," advancing its commercialization target to 2040, with predictions of over 10 demonstration reactors entering construction by 2035 [4] Group 3 - Wangzi New Materials, through its subsidiary Ningbo Xinyong, has broken international monopolies to become the only domestic producer of nuclear fusion pulse capacitors, with a product lifecycle of 100,000 cycles, supplying the BEST device [5] - Western Superconducting is the only company globally with full-process production capabilities for low-temperature superconducting materials, serving as the exclusive supplier of superconducting wire for the ITER project in China [6][7] - Hezhong Intelligent has overcome three major technical challenges in manufacturing fusion reactor vacuum chambers, achieving 100% domestic production for the BEST project [8] - China National Heavy Machinery Corporation successfully manufactured a thousand-ton TF coil box for the CRAFT project, recognized for its capabilities in large component formation [9] - Antai Technology, a core supplier for the EAST device, contributed to a world record of 1,056 seconds of long pulse operation with its tungsten-copper composite components [10] - A joint venture with an academic team is focusing on Z-pinch hybrid reactor technology, covering major domestic devices and demonstrating significant cost advantages [11]

据智通财经9月24日报道，正在上海举行的第二十五届中国国际工业博览会上，注册资本150亿元、正式 挂牌成立仅两个多月的中国聚变能源有限公司首次公开亮相，展示其技术路线及业务布局。 据悉，按照实验堆-示范堆-商用堆的核能发展一般规律，该公司瞄准2050年聚变能源商用目标，在上 海、成都两地联动研发。多位国内可控核聚变领域人士证实，中国聚变公司将在上海新建一个聚变实验 装置，用以验证其在上海研制的高温超导磁体，该装置暂命名为"中国环流四号(HL-4)" 开源证券表示，随着核聚变装置研发建设稳步推进，订单持续释放，看好核聚变板块景气度上行，磁 体、主机和电源等核心部件值得关注，直流输电产业链相关设备/器件公司有望凭借其电力电子技术积 淀持续获取可控核聚变装置电源订单。 公司方面，据上市公司互动平台表示， 今年以来全球多国都开始了核聚变领域的竞速发展。海外方面，2025年6月，谷歌投资核聚变初创公司 CFS并签署了200兆瓦购电协议：2025年8月，CFS宣布，在最新一轮的B2系列融资中成功筹集了8.63亿 美元；9月18日，美国、英国共同宣布双方签署了一份《技术繁荣协议》，旨在促进两国在核聚变等战 略性科技领域开展 ...

Group 1 - The company has successfully applied its tungsten-copper composite filter technology in the ITER international nuclear fusion project [1] - The company does not engage in the business of perfluorosulfonic acid proton membranes [1]