HK Stock Market Move | Shanghai Electric Group (02727) rose more than 7%, and the industrialization of nuclear fusion is expected to speed up. The company's emerging business continues to break through.

Shanghai Electric Group (02727) rose by over 7%, as of the time of publication, it had risen by 7.22% to 4.9 Hong Kong dollars, with a turnover of 457 million Hong Kong dollars. On the news front, there have been significant developments in the field of nuclear fusion recently. In terms of policy, the National Development and Reform Commission announced during the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China that in the "Fifteenth Five-Year Plan", efforts will be made to cultivate and expand emerging industries and future industries, promoting quantum technology, bio-manufacturing, hydrogen energy, and nuclear fusion as new economic growth points. EB Securities previously pointed out in a research report that against the backdrop of China's energy structure transformation and industrial structure adjustment, Shanghai Electric Group is expected to further improve its market share in traditional advantageous businesses by leveraging its leading advantages. At the same time, with the support of the company's technological research and development advantages, energy storage, hydrogen energy, and emerging businesses such as Siasun Robot & Automation are also expected to become new performance growth points for the company, maintaining a "buy" rating on A/H shares. The bank highlighted its focus on the breakthrough progress of the company in emerging industries such as Siasun Robot & Automation and nuclear fusion. In the field of Siasun Robot & Automation, the company is implementing a "self-developed + ecological cooperation" dual-drive strategy, relying on participating in the construction of the national and local joint human-shaped Siasun Robot & Automation Innovation Center to push for commercialization, and has already carried out human-shaped Siasun Robot & Automation application testing in the nuclear power industry scene. In the field of nuclear fusion, the company successfully delivered the world's first ITER project magnet cold state test duva, and will subsequently deliver multiple core components of the main system for national major scientific and technological infrastructure projects such as the CRAFT project and the Compact Fusion Experimental Device BEST project.