Core Insights - The 2026 Nuclear Fusion Energy Technology and Industry Conference will be held on January 16-17, 2026, in Hefei, Anhui, focusing on promoting collaboration and innovation in the nuclear fusion industry [1][9] - Hefei is recognized as a leading city for venture capital and is becoming a model for China's nuclear fusion industry, with a cluster of advanced fusion devices [4][12] - The region holds 37% of the national total of fusion-related patents, indicating a well-formed industrial chain [5][13] Industry Developments - The nuclear fusion sector is entering a capital expenditure expansion phase, with expected investments reaching 146.5 billion yuan in major domestic projects from 2025 to 2028 [7][14] - The demand for controllable nuclear fusion is increasing due to rising electricity needs driven by advanced technologies like AI [6][13] - Recent bidding statistics show a total of 117.4 million yuan in contracts awarded, with significant projects including a 6.3 million yuan contract for ITER PF converter control modules [6][14] Market Opportunities - The superconducting magnet segment is expected to benefit significantly, with a projected market size of nearly 30 billion yuan for superconducting magnets and over 10 billion yuan for superconducting materials [7][14] - Key projects such as BEST, Spark One, and others are anticipated to commence, leading to a continuous release of core component orders [7][15] - Recommended investment targets include companies involved in magnets, vacuum chambers, power systems, and detection equipment, such as Western Superconducting, YD Group, and Aikang Cyber [7][15]

Core Viewpoint - The 2026 Nuclear Fusion Energy Technology and Industry Conference will be held in Hefei, Anhui, aiming to promote collaboration and innovation in the nuclear fusion industry chain [3][6]. Group 1: Conference Details - The conference will take place from January 16 to 17, 2026, at the CRAFT facility in Hefei, focusing on the theme "Nuclear Power, Creating the Future" [3]. - The event is guided by several organizations, including the Chinese Physical Society and the Anhui Provincial Development and Reform Commission, and will gather leaders from various sectors, including government, academia, and industry [6]. Group 2: Hefei's Role in Nuclear Fusion - Hefei is recognized as a leading city for venture capital and is becoming a model for China's nuclear fusion industry, with a cluster of advanced fusion devices [7]. - The region has established a comprehensive innovation chain covering key technology areas in magnetic confinement nuclear fusion, supported by major facilities like EAST and BEST [7][8]. Group 3: Industry Trends and Projections - In 2025, nuclear fusion energy will be included in national planning as a key future industry, reflecting its growing importance [9]. - The demand for controllable nuclear fusion is increasing due to rising electricity needs driven by advanced technologies like AI, with the industry entering an "engineering feasibility verification" phase [10]. - A significant capital expenditure expansion cycle for controllable nuclear fusion is expected from 2025 to 2028, with projected investments reaching 146.5 billion yuan [11]. Group 4: Market Opportunities - The superconducting magnet segment is anticipated to benefit significantly, with the market size for high-temperature superconducting magnets estimated at nearly 30 billion yuan [11]. - Key projects such as BEST and others are expected to commence, leading to a continuous release of core component orders [11]. - Companies in various segments, including superconducting materials, vacuum chambers, and power systems, are highlighted as potential beneficiaries of the nuclear fusion industry's growth [11].

《九院中标 5 亿氚工厂项目，NIF 完 成第十次点火—可控核聚变行业周 报》-2025.12.7 《BEST 研究计划首次发布，美国启动 创世纪计划—可控核聚变行业周报》 -2025.11.30 电力 2025 年 12 月 13 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -14% -7% 0% 7% 14% 22% 29% 2024-12 2025-04 2025-08 电力 沪深300 相关研究报告 《电改加速深化，预期有望趋稳—电 力行业 2026 年度投资策略》 -2025.11.27 日本首份聚变供电协议签署，BEST 订单持续释放 ——行业周报 | 周磊（分析师） | 黄懿轩（联系人） | | --- | --- | | zhoulei1@kysec.cn | huangyixuan1@kysec.cn | | 证书编号：S0790524090002 | 证书编号：S0790125070014 | 板块回顾：全部细分环节上涨，个股涨多跌少 本周（20251208-20251212）可控核聚变板块下，个股涨多跌少。具体来看，涨 幅前五标的分别为爱科赛博（+34.3%）、永鼎股份（+2 ...