Core Insights - The company is expected to report a net loss of between 180 million to 260 million yuan for the year 2025, indicating an increase in losses compared to the previous year [1] Financial Performance - The company announced on January 24, 2026, that it anticipates a net profit loss attributable to shareholders of 180 million to 260 million yuan for 2025, with losses expected to widen year-on-year [1] Project Development - On January 23, 2026, the company won a bid for the "BEST Shielding Layer System Stainless Steel Shielding Block Procurement Project" related to fusion energy, with a contract value of approximately 36.81 million yuan. The project has entered the execution phase, and subsequent delivery progress will be closely monitored [1] Industry Policy Landscape - The "Atomic Energy Law," set to be implemented in 2026, explicitly encourages the development of thermal nuclear fusion, which may have a long-term impact on the company's involvement in fusion-related business [1]

Group 1 - The company recently won a bid for the procurement project of the "BEST shielding layer system stainless steel shielding block" from Fusion New Energy [1] - Detailed information regarding this project will be disclosed in the company's announcement dated January 24, 2026, under the title "Daily Related Transactions Announcement" (Announcement No: 2026-009) [1]

Group 1 - Trump Media Technology Group (DJT) signed a final merger agreement with TAE Technologies, valued at over $6 billion, leading to a significant stock price increase of nearly 42% on December 18, 2023 [1] - The A-share market saw a rise in the controllable nuclear fusion index by nearly 3% on December 19, 2023, with companies like Liyang Optical Science, Prince New Materials, and others hitting the daily limit [1] Group 2 - The global nuclear fusion sector attracted over $7.1 billion in investments from 2021 to 2024, with $900 million raised in 2024 alone [2] - Domestic nuclear fusion projects are entering a bidding phase, with significant increases in tender amounts, including nearly $5 billion in October and $3.9 billion in November 2023 [2] - Over 10 companies in the A-share market have won bids for nuclear fusion projects since the fourth quarter of 2023, including Qifan Cable and Prince New Materials [2][3] Group 3 - Six companies are expected to see net profit growth exceeding 10% in 2025 and 2026, including Prince New Materials and Western Superconducting [4] - Prince New Materials is projected to turn a profit in 2025, benefiting from the acceleration of industrial project construction [4] - Eastern Precision is forecasted to achieve a net profit increase of over 40% in 2025 and nearly 20% in 2026, following a recent successful bid for a nuclear fusion project [5]