作者｜黄楠 编辑｜袁斯来 硬氪获悉，河南中科清能科技有限公司（以下简称"中科清能"）已完成近5亿元PreA++轮融资。我们总结了本轮融资信息和该公司几大亮点： 融资金额及投资机构 融资轮次：PreA++轮 融资规模：近5亿元 投资方：鼎晖百孚领投，蔚来资本、国新基金、鲲鹏资本联合领投，荷塘资本、小雨资本、河南资产、飞图创投、西湖创投等多家知名投资机构共同参与， 原股东熔拓资本、中广核资本继续加持；云道资本担任本轮融资财务顾问。 资金用途：将主要用于更大级别的液氢系统、国内最大的核聚变制冷系统、国内多个大科学装置关键制冷系统、第三代量子低温感知系统的研发和工程化交 付，以及第二期制造中心的建设。 国内航天领域首套国产化液氢装备（图源/企业） 公司基本信息 技术亮点：通过整合研发、制造与场景落地能力，中科清能构建起自主可控的深低温技术体系，在全链条国产化、多场景复用和高性能突破等方面具备核心 壁垒。 在深低温关键装备领域，公司已实现多项核心突破。其自主研发的3kW@4.5K氦制冷机，是目前国内核聚变领域已投入运行的最大制冷功率氦制冷系统，已 应用于CRAFT大科学装置关键系统；交付的1吨/天氢液化装备是国内航天领 ...

Investment Rating - The report rates the mechanical equipment industry as "Outperform the Market" [3][57]. Core Insights - The mechanical equipment sector outperformed the CSI 300 index with a weekly increase of 4.71%, compared to the CSI 300's 3.24% [3][13]. - The best-performing sub-sector was abrasives and grinding materials, which rose by 10.42% [3][21]. - The overall PE-TTM valuation for the mechanical equipment sector is 37.7x, with the highest valuations in robotics (185.6x), other automation (153.1x), and machine tools (99.4x) [20][21]. Summary by Sections Industry Performance - The mechanical equipment sector ranked 4th out of 31 in the Shenwan industry rankings for the week [3][13]. - The top five companies by weekly increase included ShenKai Co. (+55.94%), DeShi Co. (+46.41%), and DingTai High-Tech (+39.98%) [18][19]. Valuation Changes - The PE-TTM for the mechanical equipment sector increased by 4.58% this week [21]. - The sub-sectors with the highest PE-TTM increases were abrasives and grinding materials (+10.42%), laser equipment (+8.74%), and other automation (+6.78%) [21]. Investment Recommendations - Focus on platform semiconductor equipment manufacturers that are expanding product categories and streamlining processes, such as North Huachuang, Zhongwei Company, and TuoJing Technology [5]. - Attention is recommended for leading robot manufacturers and their core component suppliers, including DeChang Electric and ZhongDa LiDe [5]. - In the nuclear fusion industry, investment should target companies with clear performance timelines and established customer validation, such as HeZhu Intelligent and GuoJi Heavy Industry [5].

Core Insights - The Central State-Owned Enterprises Modern Energy ETF (561790) has shown a positive performance, with a recent increase of 0.16% and a two-week cumulative rise of 4.39% as of October 22, 2025 [3][4] - The index tracks 50 listed companies involved in modern energy sectors, reflecting the overall performance of state-owned enterprises in this field [4] Market Performance - The Central State-Owned Enterprises Modern Energy Index rose by 0.29%, with notable increases in constituent stocks such as China Nuclear Engineering (up 10.01%) and Petrochemical Machinery (up 8.24%) [3] - The ETF's trading volume was active, with a turnover rate of 10.96% and a transaction value of 4.92 million yuan [3] Industry Developments - As of mid-2025, China's operational power storage projects reached a cumulative installed capacity of 164.3 GW, marking a 59% year-on-year increase, with new energy storage growing by 110% [4] - The number of charging infrastructure units nationwide reached 17.34 million, reflecting a 57.72% increase [4] - The new power generation capacity added from January to August 2025 grew by 64.40%, with power investment totaling 499.2 billion yuan, a 0.50% increase [4] Technological Advancements - The successful operation of a 3kW@4.5K helium refrigerator developed by Zhongke Qingneng supports the stable operation of the CRAFT facility, a key project in China's nuclear fusion research [3] - XINWANDA has launched a polymer solid-state battery with an energy density of 400 Wh/kg, with plans to establish a 0.2 GWh production line by the end of 2025 [3]

Group 1 - The core achievement of Zhongke Qingneng is the successful operation of the 3kW@4.5K helium refrigerator, which has been running stably for over 120 hours and meets design specifications [1] - The 3kW@4.5K helium refrigerator is the largest cooling power helium refrigerator currently produced in China's nuclear fusion field, supporting the stable operation of the CRAFT project [1] - The CRAFT project aims to explore and master key technologies for fusion DEMO-level systems, with the helium refrigerator providing a critical low-temperature operating environment for large superconducting magnets [1] Group 2 - Zhongke Qingneng focuses on ultra-low temperature technology research and equipment manufacturing below 20K, including hydrogen liquefaction and helium low-temperature equipment [2] - The company successfully provided liquid hydrogen fuel for the Long March 8 rocket, marking the first use of domestically produced liquid hydrogen equipment in China's aerospace sector [2] - The 3kW@4.5K helium refrigerator was developed in just seven months, featuring multiple user operation modes, rapid condition control, and high automation, ensuring stable low-temperature environments for the CRAFT project [2] Group 3 - Zhongke Qingneng plans to continue focusing on ultra-low temperature technology and aims to contribute to energy transition and scientific research both in China and globally [2]