新能源行业更新：核聚变 AIDC 机器人

Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the new energy industry, focusing on nuclear fusion, Artificial Intelligence Data Centers (AIDC), and robotics as key sectors for investment opportunities [1][2]. Nuclear Fusion Industry - 2025 is considered the year of nuclear fusion, with a projected market space of 700 billion yuan in the next five years and potentially 3 trillion yuan in ten years [1][3]. - The construction of engineering demonstration reactors and experimental reactors is expected to generate over 10 billion yuan in equipment investments annually [1][4]. - The EAST project in China is ahead of schedule, with an anticipated market space release of over 7.5 billion yuan in equipment this year [1][4]. - Global advancements in nuclear fusion technology include significant breakthroughs, such as the NIF facility in the U.S. achieving a q value greater than 1.53 and the EAST project setting a world record of 100 million degrees for 1,000 seconds [1][7]. AIDC Industry - The AIDC sector is benefiting from a recovery in capital expenditures from cloud vendors, with major companies like Microsoft and Meta increasing their capital spending plans [2][5][13]. - The demand for inference computing power is expected to grow significantly, with ByteDance reporting a daily TOKEN processing volume increase from 40 trillion to 130 trillion, and projections of reaching 400 trillion [13]. - The release of multimodal products, such as Volcano Engine and DeepSeek, is anticipated to drive sustained growth in computing power demand [2][5]. Robotics Industry - The robotics sector is seeing a shift towards lightweight technologies, with advancements in exoskeleton devices and the use of high polymer materials for drive systems [1][6]. - The consumer market for exoskeleton robots is expanding rapidly, with products selling out quickly during holidays, indicating high market interest [6][17]. - The core function of exoskeleton robots is to provide assistance to the human body, with applications in military, medical rehabilitation, and increasingly in consumer markets [19][20]. - The potential market for consumer-grade exoskeletons is substantial, with estimates suggesting a market size of 25 billion yuan if penetration rates reach just 1% of the outdoor sports and elderly populations [20]. Investment Opportunities - Recommended investment targets in the AIDC sector include companies involved in server power supplies, UPS, and HVAC systems, as well as domestic chip manufacturers [14]. - In the robotics field, companies like Jian Ding Technology are expanding their product lines and targeting revenue goals of 8 billion yuan with a 5% net profit margin [15]. - Notable companies in the exoskeleton robotics space include Hengxin Technology and Chenxun Technology, which are expected to have significant development opportunities [23]. Conclusion - The conference call highlights a positive outlook for the new energy industry, particularly in nuclear fusion, AIDC, and robotics, with substantial investment opportunities driven by technological advancements and market demand growth [1][2][3][4][5][6][7][13][14][15][19][20][23].