Citic Securities: The long-term industry trend of controllable nuclear fusion has become clear, and the nuclear power and fusion sectors may usher in performance and valuation resonance.

The research report from CITIC Securities stated that on July 22, China Fusion Energy Co., Ltd. was established in Shanghai, with 7 central enterprises, including China National Nuclear Corporation, jointly investing 11.5 billion yuan in China Fusion Energy. CITIC Securities believes that the long-term industrial trend of controlled nuclear fusion has been clearly established, with continuous policy reinforcement, significantly accelerated financing pace, and upcoming acceleration in plant construction. Upstream component companies have highly certain orders. Considering the project construction cycle, a large number of third-generation nuclear power companies are expected to achieve stable growth. The nuclear power and fusion sectors may experience performance and valuation resonance.