【华金电新】核聚变系列深度三：磁体材料迭代推动产业升级 # 低温超导已相对成熟，高温超导或将成为未来主流。当前超导磁体材料形成低温超导（NbTi、Nb₃Sn）与高 温超导（REBCO）并行发展的格局，低温超导材料凭借工业化应用优势支撑现有聚变装置运行，高温超导材料则 以更优异的极端环境适配性，成为下一代高场聚变技术突破的关键。 # 磁体系统是聚变项目核心成本项。未来托卡马克装置将以紧凑型、高温超导为趋势，行业需求有望显著提 升。2024年全球可控核聚变装置用第二代高温超导带材市场规模为3亿元，预计2030年将达到49亿元， 2024-2030 年复合增速为59.3%。 # 投资建议： 建议关注磁体环节核心供应链厂商：1）低温超导：西部超导；2）高温超导：上海超导（未上 市，精达股份持股第一）、联创光电、东部超导（未上市，永鼎股份子公司）；3）钽铌核心供应商：东方钽业。 # 低温超导已相对成熟，高温超导或将成为未来主流。当前超导磁体材料形成低温超导（NbTi、Nb₃Sn）与高 温超导（REBCO）并行发展的格局，低温超导材料凭借工业化应用优势支撑现有聚变装置运行，高温超导材料则 以更优异的极端环境适配性 【华金 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 江西联创光电科技股份有限公司 关于控股股东部分股份解除质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: ● 江西联创光电科技股份有限公司（以下简称"公司"或"本公司"）控股股东江西省电子集团有限公司 （以下简称"电子集团"）持有公司股份数量为94,736,092股，占公司总股本比例为21.01%；本次解除质 押后，累计质押数量为70,940,272股，占其所持有公司股份总数的74.88%，占公司总股本的15.73%。 公司于近日接到控股股东电子集团通知，获悉其将所持有本公司的部分股份解除质押，具体事项如下： 证券代码：600363 证券简称：联创光电 编号：2026-006 一、股份解除质押情况 ■ 二、其他情况说明 截至本公告披露日，公司控股股东电子集团剩余被质押股份不存在平仓风险，不会导致公司实际控制权 发生变更，质押风险在可控范围之内。如后续出现股票下跌引发的相关风险，电子集团将采取包括但不 限于追加保证金、补充质押、提前还款等措施。公司将 ...

证券代码：600363 证券简称：联创光电 江西联创光电科技股份有限公司 简式权益变动报告书 上市公司名称：江西联创光电科技股份有限公司 股票上市地点：上海证券交易所 股票简称：联创光电 股票代码：600363 信息披露义务人：江西省电子集团有限公司 住所或通讯地址：江西省南昌市高新开发区京东大道 168 号 权益变动性质：股份减少（大宗交易减持） 签署日期：二〇二六年二月九日 信息披露义务人声明 一、本报告书系依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及相关法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在江西联创光电科技股份有限公司（以下简称： "联创光电"或"公司"）拥有权益的股份变动情况； 截至本报告书签署之日，除本报告书披露的信息外，上述信息披露义务人没 有通过任何其他方式增加或减少在联创光电 ...

证券代码：600363 证券简称：联创光电 编号：2026-006 江西联创光电科技股份有限公司 关于控股股东部分股份解除质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: 2 公司于近日接到控股股东电子集团通知，获悉其将所持有本公司的部分股份 解除质押，具体事项如下： | 股东名称 | 江西省电子集团有限公司 | | --- | --- | | 本次解质股份（股） | 4,790,000 | | 占其所持股份比例 | 5.06% | | 占公司总股本比例 | 1.06% | | 解质时间 | 2026/2/6 | | 总持股数量（股） | 94,736,092 | | 总持股比例 | 21.01% | | 剩余被质押股份数量（股） | 70,940,272 | | 剩余被质押股份数量占其所持 股份比例 | 74.88% | | 剩余被质押股份数量占公司总 | 15.73% | | 股本比例 | | 一、股份解除质押情况 1 二、其他情况说明 截至本公告披露日，公司控股股东电子集团剩余被质押股份不 ...

每经头条（nbdtoutiao）——美国名校毕业刚回国，26岁"金少"空降成董事长和总经理，父母隐退！A股 多位"00后"执掌要职，"不负投资者"成重大考验 （记者 王晓波） 每经AI快讯，联创光电2月9日晚间发布公告称，公司于近日接到控股股东江西省电子集团有限公司 （以下简称"电子集团"）通知，获悉其将所持有本公司的部分股份解除质押，本次解除质押479万股。 江西联创光电科技股份有限公司控股股东江西省电子集团有限公司持有公司股份数量约为9474万股，占 公司总股本比例为21.01%；本次解除质押后，累计质押数量约为7094万股，占其所持有公司股份总数 的74.88%，占公司总股本的15.73%。 ...

点击 最 下方 关注《材料汇》 ， 点击"在看"和" "并分享 添加 小编微信 ，遇见 志同道合 的你 （请添加小编微信，后续会组建 相关微信群 ） 正文 主要内容： 政策支持+资本开支驱动，聚变产业进入加速期。 2025年全球主要国家密集出台核聚变政策，标志着技术竞争从实验室研发转向产业化布局与监管框架构 建。国内对可控核聚变的政策支持从国家层面搭建框架，一边通过优化监管流程、完善法律法规筑牢基础，一边聚焦技术研发方向提供明确指引。 低温超导已相对成熟，高温超导或将成为未来主流。 磁体材料是核聚变装置实现稳定磁场约束的核心基础，当前超导磁体材料形成低温超导（NbTi、Nb₃ Sn）与高温超导（REBCO）并行发展的格局，低温超导材料凭借工业化应用优势支撑现有聚变装置运行，高温超导材料则以更优异的极端环境适配性， 成为下一代高场聚变技术突破的关键。 磁体系统是聚变项目核心成本项。 在采用低温超导的ITER项目中零部件成本占比86%，其中磁体占28%，是成本最高的核心部件，主因ITER所用的铌基 超导线材(NbTi和Nb₃ Sn) 依赖于高成本低温液氦持续冷却。高温超导项目中磁体成本进一步提升，以高温超导托卡马 ...

2月3日早盘，军工板块盘中崛起，领涨全市场！高人气军工ETF华宝（512810）大涨超3%！成份股全 线反弹，海兰信涨超16%居首，航发控制涨停！ | | 分时 多日 1分 5分 15分 30分 · | | | | | | F9 盘前盘后 露加 九轮 画线 工具 @ 0 | | 军工ETF华宝 1 | | 512810 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 512810[到工ETF华宝] 11:05 价 0.847 蔬菜 0.026(3.17%) 均价 0.838 服交量 0 | | | | | | | | | 0.84 | | | war | | | | | | 0.847 | | +0.026 +3.17% | | | 11. 11. 11. | | | | | | | | | SSE CNY 11:05:09 发现中 | 海 2 0 4 | | 0.834 | | | | | | | | 1.61% | 净值走势 | | 华宝中证军工ETF | | 0.821 | | | ...

Investment Rating - The report maintains a "Positive" outlook on the power equipment and new energy industry [6] Core Viewpoints - The "14th Five-Year Plan" period saw slower-than-expected carbon reduction, prompting high-energy-consuming industries to accelerate carbon reduction commercialization during the "15th Five-Year Plan" period, leading to a growth inflection point for green fuels [3][8] - The demand for energy storage is expected to grow significantly, with a forecasted 50% increase in energy storage installations by 2025, driven by the rapid growth of new energy [3][19] - The offshore wind power, perovskite, and space photovoltaic sectors are anticipated to exhibit high growth potential during the "15th Five-Year Plan" period [3][8] Summary by Sections 1. Wind and Solar Power Entering Maturity with High Growth in Sub-markets - The demand for new energy installations in China is expected to remain robust, with a target of 360 million kilowatts of wind and solar power capacity by 2035 [12] - The average annual installation space for wind and solar power is projected to exceed 400 GW from 2026 to 2035 [12][13] 2. Energy Storage and Nuclear Power with Stable Supply Attributes - By the end of 2025, China's energy storage installations are expected to reach 66.43 GW, with a year-on-year growth of 52% [19] - The construction speed of nuclear power is expected to accelerate, with a target of 70 million kilowatts of operational capacity by 2025 [21] 3. Carbon Reduction Goals and the Emergence of Green Fuels - The actual carbon reduction progress during the "14th Five-Year Plan" is expected to fall short of the target, necessitating increased efforts in the "15th Five-Year Plan" [26] - Policies are encouraging the integration of green electricity with hydrogen, ammonia, and zero-carbon parks [29] 4. New Photovoltaic Technologies and Nuclear Fusion - Perovskite technology is expected to achieve mass production during the "15th Five-Year Plan" period, with efficiency improvements anticipated [32] - The BEST project aims for completion by 2027, with significant investment expected in nuclear fusion technology [34]

Core Viewpoint - The report highlights the significant growth driven by technology in certain sectors, while also noting the substantial losses due to cyclical downturns in others [1] Performance Growth Highlights - **Zhongwei Company (688012)**: Expected net profit between 208 million to 218 million yuan, a year-on-year increase of 28.74% to 34.93%, driven by increased recognition of plasma etching equipment and a surge in market demand [5] - **Lianchuang Optoelectronics (600363)**: Expected net profit between 43.5 million to 53.2 million yuan, a year-on-year increase of 80.36% to 120.57%, attributed to significant growth in laser business and improved profitability in traditional sectors [6] - **Ruixin Microelectronics (603893)**: Expected net profit between 102.3 million to 110.3 million yuan, a year-on-year increase of 71.97% to 85.42%, driven by rapid growth in the AIoT market and recognition of new AI technology [7] - **Sangfor Health (688336)**: Expected net profit around 290 million yuan, a year-on-year increase of approximately 311.35%, due to a significant collaboration with Pfizer and advancements in clinical research [8] - **Pulite (002324)**: Expected net profit growth of 155.76% to 194.73%, driven by the demand for high polymer materials in the automotive lightweight trend [9] - **Tonghua Dongbao (600867)**: Expected net profit around 124.21 million yuan, turning from loss to profit, driven by market share gains in insulin products [10] - **Suotong Development (603612)**: Expected net profit between 73 million to 85 million yuan, a year-on-year increase of 167.98% to 212.03%, due to rising prices and demand in the prebaked anode industry [11] Major Performance Declines - **China Shipbuilding Technology (600072)**: Expected net loss between -260 million to -340 million yuan, a year-on-year decline of over 24 times, due to cyclical downturns in shipbuilding and high material costs [12] - **Silver Nonferrous Metals (601212)**: Expected net loss between -45 million to -67.5 million yuan, transitioning from profit to loss due to legal disputes affecting financial performance [13] - **China Metallurgical Group (601618)**: Expected net profit between 130 million to 160 million yuan, a year-on-year decline of 76.28% to 80.73%, impacted by the downturn in the construction industry [14] - **Jindi Group (600383)**: Expected net loss between -1.11 billion to -1.35 billion yuan, with increased losses due to declining sales and inventory impairments [15] - **Jianfa Co. (600153)**: Expected net loss between -1 billion to -520 million yuan, transitioning from profit to loss due to increased impairments in real estate [16] Industry Trend Analysis - **Technology and Innovation-Driven Sectors**: Companies in semiconductor equipment, laser military applications, and innovative pharmaceuticals are experiencing rapid growth due to high demand in AIoT, national defense, and biomedicine [23] - **Traditional Cyclical Industries**: Sectors like coal and engineering machinery are facing significant adjustments due to demand shortages and price declines, leading to widespread performance pressures [24] - **Pharmaceutical Industry Disparities**: Innovative drugs are seeing explosive growth through external licensing, while traditional formulations and raw materials are significantly impacted by procurement policies [24] - **External Environment Uncertainties**: Factors such as international trade tensions and regulatory changes are significantly affecting corporate performance, necessitating enhanced risk management [24] - **Asset Quality Risks**: Many companies are reporting substantial asset impairment provisions, indicating potential inefficiencies in previous investments [24]

Group 1 - The company, Lianchuang Optoelectronics, announced that its controlling shareholder, Jiangxi Electronic Group, will release part of its pledged shares and re-pledge them [1] - Jiangxi Electronic Group holds approximately 94.74 million shares of the company, accounting for 21.01% of the total share capital [1] - After the release and re-pledge, the total number of pledged shares will be approximately 75.73 million, representing 79.94% of the shares held by the controlling shareholder and 16.8% of the company's total share capital [1]