Hong Kong Stock Alert | SH ELECTRIC (02727) Surges Over 7% as Nuclear Fusion Sector Gains New Catalyst, Company Continues Breakthrough in Nuclear Fusion and Other Emerging Industries

SH ELECTRIC (02727) surged over 7%, and as of press time, the stock was up 5.99% to HK$3.89, with a turnover of HK$234 million.

On the news front, at the 25th China International Industry Fair currently being held in Shanghai, China Fusion Corporation, with registered capital of 15 billion yuan and officially established just over two months ago, made its first public appearance, showcasing its technical roadmap and business layout. Multiple industry insiders in China's controlled nuclear fusion sector have confirmed that China Fusion Corporation will build a new fusion experimental device in Shanghai to verify the high-temperature superconducting magnets developed in Shanghai. The device is tentatively named "China Circulation IV (HL-4)".

Everbright Securities previously highlighted in a research report the need to focus on SH ELECTRIC's breakthrough progress in emerging industries such as robotics and nuclear fusion. In the nuclear fusion sector, the company successfully delivered the world's first ITER project magnet cold test dewar, and will subsequently deliver multiple core components for major national science and technology infrastructure projects including the CRAFT project and the compact fusion experimental device BEST project.

In the gas turbine sector, the company's 500MW-class full-hydrogen cooling generator successfully passed technical evaluation by expert teams, providing key equipment support for the development of China's large-capacity clean gas power industry.