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

During the Spring Festival of the Year of the Horse, the market paid significant attention to the robots, AI, and other “black technologies” 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 this year’s “Spring Festival Gala” in the Year of the Horse, four robotics companies appeared on stage, including Yushu, Galaxy General, Songyan Power, and Magic Atom. Robots are undoubtedly the highlight of the Gala, with domestic robots participating in skits, dance, and other action-based performances. These not only demonstrate precise humanoid robot movement control but also natural interaction capabilities; they showcase both hardware and software controls.

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. Ultimately, they will reach households, providing home service robots for elderly care, companionship, parenting, and even emotional interaction. The robotics industry may gradually commercialize by 2026. Robots are expected to become China’s fourth major industry sector after home appliances, smartphones, and new energy vehicles. China has a complete industrial chain and lower manufacturing costs. After the holiday, the secondary market may see increased attention on humanoid robot sectors.”

Besides robots, the Year of the Horse “Spring Festival Gala” featured more AI elements, 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热烈氛围，同时也能让电视观众看到三维效果，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. Entering the Year of the Horse, technology stocks remain one of the main investment themes. 2026 is a critical year for technological innovation under the 14th Five-Year Plan, holding significant importance. The plan mentions key tech directions such as robotics, chips and semiconductors, computing algorithms, brain-computer interfaces, controlled nuclear fusion, quantum technology, commercial spaceflight, biomedicine, and solid-state batteries—all 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 concept stocks may decline, especially those without real business support and with high market valuations, which carry higher risks,” Yang Delong said.

After the Spring Festival holiday, A-shares will begin trading in 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 fundamentals, selecting good stocks and funds to seize opportunities.”

Overall, Yang Delong pointed out that the Year of the Horse will be a year of both opportunities and risks. Continued attention should be paid to the technological innovation sector, but fundamental analysis remains essential for selecting industries and companies. More sectors may perform well after the holiday, and market profitability is expected to further improve.

(Source: Shenzhen Business Daily · Duchen)