Core Viewpoint - The company held a successful half-year performance briefing on October 29, 2025, with full interaction with investors, addressing 81 questions and achieving a 100% response rate. Group 1: Quantum Technology and Fusion Energy - The company's NbTi superconducting cables for quantum computers have met customer requirements and are being delivered [2][4] - The company has advanced research and production capabilities in superconducting materials, particularly for controlled nuclear fusion applications [3][4] - The company is actively involved in major fusion projects like CRAFT and BEST, ensuring product supply according to project progress [5][13] Group 2: Product Applications and Market Position - The company's superconducting products are utilized in high-energy accelerators, magnetic confinement fusion, medical MRI, and other advanced applications [4][43] - The company maintains a strong market position in the superconducting materials sector, with a significant share in the medical imaging market, approximately 40% globally and over 90% domestically [8][40] - The company is focused on enhancing its competitive edge through continuous innovation and quality management [4][50] Group 3: Future Development and Strategic Planning - The company plans to deepen its core business, enhance R&D innovation, and expand market applications to achieve sustainable growth [5][26] - The company is exploring new fields and products while aligning with national strategic needs in energy, healthcare, and aerospace [5][28] - The company is committed to maintaining a high level of interaction with investors and optimizing its response processes [2][19]

Core Viewpoint - The company has successfully achieved mass production of practical MgB₂ high-temperature superconducting wire using powder-in-tube (PIT) technology, with lengths exceeding 20,000 meters and performance indicators reaching international leading levels [1] Group 1: Production Achievements - The company has produced over 250 kilometers of MgB₂ wire, providing strong technical support for the superconducting magnetic energy storage device of the Southern Power Grid [1] - The company has also achieved a milestone by preparing kilometer-level multi-core MgB₂ wire through the center magnesium diffusion method, marking a first in the international superconducting materials field [1] Group 2: Application Potential - The MgB₂ wire exhibits significant application potential in fields such as magnetic resonance imaging, superconducting magnetic energy storage, power cables, and high-field magnets, making it a key material for efficient and compact superconducting devices [1] Group 3: Market Performance - On the day of the announcement, the company's stock price fell by 2.98%, despite a recent one-month increase of 28.75% [1]