According to Zhitong Finance App, Hangzhou Oxygen Co., Ltd. (002430.SZ) announced that the company plans to jointly invest in Shanghai Xinghuan Concentration Energy Technology Co., Ltd. with Zhejiang Hangzhou Steam Turbine Power Technology Group Co., Ltd. and other investors (“Xinghuan Concentration Energy” for short). Among them, the company invested 50 million yuan to acquire 0.66% of Starlink Concentration Energy. After the investment is completed, Star Ring Energy will become the company's participating company and will not be included in the scope of the company's consolidated statements.

This investment is in line with the company's strategy of strengthening the chain, repairing the chain and extending the chain. As the world's leading manufacturer of air separation and cryogenic equipment, the company's cryogenic technology can cover the helium refrigeration circulation system required for fusion devices. By investing in Star Ring Energy, the company can substantially participate in the field of controlled nuclear fusion, thoroughly contact and study existing controllable nuclear fusion technology paths, and carry out targeted and experimental technology research and development for key nodes related to the company's business and common in each technology path to help the company explore new markets and investment opportunities in the field of nuclear fusion.

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