Public offering research is nonstop before the Year of the Horse Spring Festival; robotics, semiconductors, and non-ferrous metals become hot spots for deployment

The Spring Festival holiday has not yet ended, and the A-share market remains closed, but public fund institutions have already begun to prepare for the post-holiday market, conducting intensive research activities before the holiday. Among them, robotics concept stocks have become a focus of attention for several leading public funds, and related industry chain companies are experiencing a surge in research visits.

This year’s Spring Festival Gala robot performances have attracted widespread attention, and related topics continue to trend upward. In fact, before the holiday, several top institutions such as E Fund, GF Fund, Huitianfu Fund, and Fortis Fund have conducted intensive research on targets related to the robotics field. Multiple concept stocks have revealed business progress during research visits, becoming key points of market attention.

On February 9, Doli Technology became a popular target for public fund research, with more than ten institutions including Harvest Fund, E Fund, and Baoying Fund participating in the research. The company plans to acquire a 70% stake in Hanmang Transmission through equity purchase and capital increase, continuing to layout the core components business of robots. However, Doli Technology pointed out during exchanges that, due to Hanmang Transmission’s current small business scale, it is not expected to have a significant impact on the company’s short-term financial situation.

Obi Zhongguang, which focuses on 3D visual perception technology research and development, also received research visits from 15 public funds from February 2 to 4. The company stated that downstream industry demand and its own operational situation are continuing to improve, and the penetration rate of 3D visual perception technology in fields such as robotics and 3D scanning is rapidly increasing. Within a month before the Spring Festival, robotics industry chain companies such as Lvdian Harmonic, Buke Co., Ltd., Inovance Technology, Sanhua Intelligent Controls, and Shuanghuan Transmission were also researched by several top public funds.

An investment research professional from a public fund analyzed that the impact of the Spring Festival Gala on the robotics sector is not limited to short-term sentiment catalysis. After the Gala aired, robot sales priced at tens of thousands of yuan saw significant growth, indicating that the concept is transforming into actual orders, which supports sector valuation. The performance realization speed of the industry chain is expected to accelerate.

Besides the robotics sector, artificial intelligence and semiconductors remain key focus areas for public fund research. On February 10, Blue Arrow Electronics stated during a research visit by E Fund and other institutions that the global and domestic semiconductor packaging and testing industry is at the bottom of its cycle, with downstream destocking nearing completion, and orders and prices marginally improving. However, industry differentiation is obvious, with weak demand in traditional consumer electronics packaging and strong demand in advanced packaging and power device packaging.

During research from February 4 to 6, Biyiwei revealed that the company is responding to the growth in demand from emerging markets such as energy and electricity, smart homes, AI, and robotics, actively expanding its new product market share. This has driven revenue growth both year-over-year and quarter-over-quarter in the fourth quarter of 2025. Some investment professionals believe that although market hotspots shift rapidly, artificial intelligence remains a long-term mainline, requiring continuous tracking. The research before the Spring Festival also prepares for the annual report market.

The non-ferrous metals sector has also attracted the attention of public fund institutions. Companies such as Shenda Resources and Baowu Magnesium Industry received research visits from multiple public funds before the Spring Festival, with discussions mainly focusing on their layout in non-ferrous metals and mineral resource reserves. Industry insiders point out that as market valuation dynamics adjust and industry logic evolves, structural opportunities in the A-share market are increasing, and public fund research directions are becoming more diversified. Benefiting from global demand and value revaluation, the risk-return ratio of the non-ferrous metals sector remains attractive.