产业观察：翌曦科技完成近亿元天使轮融资

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [6]. Core Insights - The report highlights the rapid development of fusion research in China, with several fusion devices already established and ongoing experimental research planned for various fusion methods [10][14]. - The report notes that the domestic high-temperature superconducting industry is led by companies like Yixi Technology, which has completed nearly 100 million yuan in angel financing to support research and development [14]. Industry Policy - The Ministry of Ecology and Environment of China issued a notification regarding radiation safety management for fusion devices, indicating the complexity and safety risks associated with these large-scale research facilities [10]. - No significant foreign industry policies are mentioned in the report [10]. Industry Dynamics - The report details the successful shipment of the first pair of correction field coils and the last set of magnetic feed line systems for the ITER project, showcasing advancements in China's fusion technology [10]. - Several nuclear enterprises in China have announced stock repurchase and increase plans, reflecting strong market confidence [10]. - The report mentions the successful hot test of the Hualong One nuclear power unit in Zhangzhou, which lays a solid foundation for future operations [10]. Investment and Financing Events - Yixi Technology has completed nearly 100 million yuan in angel financing, led by Fuyong Investment, with funds primarily allocated for research and testing [14]. - The report does not mention any significant foreign investment or financing events [16]. Industry Conference Preview - A conference on vacuum technology and key components in fusion reactors is scheduled for April 18, 2025, in Hefei, China, involving various research institutions and industry stakeholders [19].