GUOFUHEE Shares Surge Over 6% Against Market Trend Following Contract Win for Nuclear Fusion Research Platform

Stock News
02/26

GUOFUHEE (02582) saw its shares rise more than 6% against the broader market trend. At the time of writing, the stock was up 6.02%, trading at HK$45.08, with a turnover of HK$109 million. The increase follows the company's announcement that on February 13, it successfully won a bid for an 80K cryogenic box procurement project from the Institute of Plasma Physics at the Hefei Institutes of Physical Science, Chinese Academy of Sciences. The contract is valued at RMB 3.2 million. This project focuses on a key low-temperature system for a national nuclear fusion research platform, providing essential engineering support for the facility's stable operation and aligning with the objectives of the 15th Five-Year Plan. The successful bid demonstrates the company's low-temperature engineering capabilities, which have now expanded from the hydrogen energy sector to critical components and system integration for low-temperature nuclear fusion. This development not only opens up new revenue streams for the company but also highlights the synergistic potential between hydrogen energy and nuclear fusion as future energy technologies.

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