Group 1 - The ITER project, known as the "artificial sun," is a significant global energy initiative with over €20 billion in investment, aimed at exploring the commercialization of controlled nuclear fusion [1] - Jiangsu Huaguang, a wholly-owned subsidiary of Wuxi Xinhongye, has successfully delivered the core PIC cables for the ITER project, marking a breakthrough in China's autonomous technology in nuclear-grade cables [1][2] - The PIC cables are critical for the stability and safety of the ITER project, with stringent performance requirements, including radiation resistance and a design life exceeding 60 years [1][2] Group 2 - Xinhongye specializes in special cables across six sectors, including nuclear energy, and has established itself as a leader with numerous patents and national standards [2] - Jiangsu Huaguang is recognized as a domestic benchmark in nuclear-grade equipment, holding dual qualifications for cable and electrical penetration components [2] - The company has made significant advancements in radiation resistance technology, surpassing ITER's requirements and breaking foreign monopolies [2][3] Group 3 - Since winning the ITER project contract in August 2021, the company has seen improved project efficiency, with multiple orders successfully delivered this year [3] - The company is negotiating with ITER for the development of special nuclear-grade cables and equipment, aiming to transition from a cable supplier to a comprehensive service provider [3] - The involvement in the ITER project enhances Xinhongye's competitiveness in the global nuclear power sector and opens opportunities for overseas projects [3][4] Group 4 - The delivery of PIC cables validates China's capability in high-end nuclear-grade cables and positions the country among the global leaders in this technology [4] - This development is expected to drive upgrades in related industries, such as superconducting materials and nuclear-grade connectors, supporting China's position in the nuclear fusion industry [4] - Future market expansion for Xinhongye will depend on the reduction of superconducting material costs and the commercialization progress of fusion reactors [4]