SUN.KING TECH (00580) surged over 8%, rising 8.47% to HK$2.05 with a turnover of HK$25.81 million as of press time.

The nuclear fusion sector saw new developments on October 1st, as the BEST (compact fusion energy experimental device) project located in Hefei, Anhui achieved a key breakthrough. The successful development and delivery of the Dewar base, a critical component of the BEST device main unit, was completed and precisely installed in the BEST device main hall, marking the project's entry into a new phase of main construction.

Minsheng Securities noted that investors should pay attention to IGBT switch companies such as SUN.KING TECH. According to public information, SUN.KING TECH demonstrates unique technical advantages in the pulsed power field. With 25 years of professional accumulation, the company has become an important technology supplier in areas such as controlled nuclear fusion, providing customized solutions for over 80 global projects, including multiple internationally renowned nuclear fusion research projects.

Zhongtai International indicated that ultra-high voltage projects during the "15th Five-Year Plan" period will mainly focus on flexible transmission technology. SUN.KING TECH, as a leading domestic supplier of transmission and distribution components, has sufficient orders in hand with steady revenue growth. The improvement in domestic substitution rate for transmission and distribution components helps support gross margins, while also benefiting from increased penetration of domestic power semiconductors. The self-developed IGBT chip business revenue experienced explosive growth.

Previously on September 8th, the company's Swiss subsidiary Astrol Electronic AG (Astrol) announced collaboration with an innovative enterprise in the nuclear fusion field. The enterprise will adopt Astrol's power switching solutions to control currents in cutting-edge nuclear fusion systems.