Qianhai Open Source Yang Delong: Continue to focus on technology growth stocks such as robotics

During the Year of the Horse Spring Festival, market attention was high on the robots, AI, and other “black technology” showcased on the Spring Festival Gala. In response, Yang Delong, Chief Economist at Qianhai Open Source, believes that related sectors may perform well after the holiday.

At the Year of the Horse Spring Festival Gala, four robot companies appeared on stage, including Yushu, Galaxy General, Songyan Power, and Magic Atom. Robots are undoubtedly a highlight of the Gala, with domestic robots participating in skits, dance, and other action-based programs. This not only demonstrates the precise motion control capabilities of humanoid robots but also their natural interaction abilities; it includes both hardware displays and software control.

Regarding this, Yang Delong analyzed, “Currently, robots are mainly used in factories. The next step may be to enter shopping malls and serve as commercial service robots, and eventually they will enter thousands of households to provide home service robots, including elderly care, companionship, parenting, and even emotional robots. The robotics industry may gradually move toward commercialization by 2026. Robots are expected to become China’s fourth major industry sector after home appliances, mobile phones, and new energy vehicles. China has a complete industrial chain and relatively low manufacturing costs. After the holiday, the secondary market may see increased attention on humanoid robot sectors.”

In addition to robots, the Year of the Horse Spring Festival Gala featured more AI components, including 3D spatial simulation technology and sound field modeling. This year’s Gala had a high level of technological content, allowing现场观众感受到现场的繁荣氛围，同时也能让电视观众看到三维的效果，具有比较震撼的视觉体验。

Yang Delong stated that over the past year, tech stocks have led the market, and entering the Year of the Horse, technology stocks remain one of the main investment themes. 2026 is a critical year for technological development in the 14th Five-Year Plan, holding significant importance. The technological directions outlined in the plan include robotics, chips and semiconductors, computing power algorithms, brain-computer interfaces, controlled nuclear fusion, quantum technology, commercial spaceflight, biomedicine, and solid-state batteries—all of which are areas of technological innovation.

“Performance of tech stocks in the Year of the Horse will show differentiation. Companies with core technologies that can gradually achieve commercial applications may have significant opportunities, while some purely concept-driven tech stocks might decline, especially those without actual business support and with high market valuations, which carry higher risks,” Yang Delong said.

After the Spring Festival holiday, the A-shares market will open the trading session for the Year of the Horse. Yang Delong commented, “Post-holiday, A-shares are expected to kick off a spring market, which could be a good investment window this year. Investors should continue to focus on fundamental research and allocate to quality stocks and funds to seize opportunities.”

Yang Delong pointed out that overall, the Year of the Horse will be a year of both investment opportunities and risks. Continued attention should be paid to the technology innovation sector, but it is crucial to focus on fundamental analysis and allocate to good industries and companies. More sectors may perform well after the holiday, and market profitability is expected to further improve.

(Source: Shenzhen Business Daily · Duchen)