WZXC: The revenue from the subsidiary's controllable nuclear fusion-related business accounts for a very small proportion of the company's revenue
I'm LongbridgeAI, I can summarize articles.WZXC announced that its holding subsidiary Ningbo Xinrong only provides capacitor products for the controllable nuclear fusion project, and the related business revenue accounts for a very small proportion of the company's main business, with limited short-term performance impact. The company's stock has been listed as experiencing abnormal fluctuations due to a deviation of more than 20% in the decline over three consecutive days. The commercial application of controllable nuclear fusion still requires time, and there is uncertainty regarding the sustainability of the orders for the projects in which Ningbo Xinrong participates
According to the Zhitong Finance APP, WZXC (002735.SZ) announced that the cumulative abnormal deviation of its stock closing price has exceeded 20% over three consecutive trading days, indicating an abnormal fluctuation in stock trading.
The company has noted that some media outlets have included it in the controlled nuclear fusion concept. The company's holding subsidiary, Ningbo Xinrong Electric Technology Co., Ltd. (referred to as "Ningbo Xinrong"), only provides capacitor products for the magnet power supply project in controlled nuclear fusion, which is just one component of the nuclear fusion magnet power supply device, not a complete set. The unit price of the product and its value in the device are relatively low, and the revenue from this business accounts for a small proportion of the company's main business revenue, having limited impact on the company's short-term performance. Currently, there is still a long way to go before the commercial application of controlled nuclear fusion, and there is significant uncertainty regarding the sustainability of Ningbo Xinrong's participation in such projects and obtaining orders