Group 1 - The A-share market is experiencing a year-end rally with accelerated rotation of hot sectors, including commercial aerospace, brain-computer interfaces, storage chips, controllable nuclear fusion, and photoresist [1][3] - In December 2025, a total of 155 public fund institutions participated in A-share research, with Huaxia Fund leading with 100 research sessions [1][7] - Notably, stocks with multiple hot concepts have shown significant price increases, resulting in several "double stocks," while some stocks have experienced rapid declines due to short-term speculation [1][8] Group 2 - The brain-computer interface concept stock, Entropy Technology, has been the most researched since the beginning of 2026, attracting 132 institutions, including 36 public funds [3] - Superjet Co., involved in commercial aerospace, has also gained attention, with 109 institutions participating in its research sessions, focusing on its rocket structure component production line [4] - Guanglian Aviation, a leading private enterprise in aerospace equipment structure, has attracted 79 institutions for its research, emphasizing its participation in national projects [4] Group 3 - Companies like Dineike, focusing on smart home and medical communication devices, have attracted 60 institutions, with interest in their brainwave interaction technology [5] - Other notable companies include Guojijiang Precision Engineering and Tangyuan Electric, which are involved in commercial aerospace and robotics, respectively, attracting significant institutional interest [5] - Prior to the year-end rally, institutions had already begun research layouts, with 71 public institutions conducting at least 20 research sessions each in December 2025 [7] Group 4 - Since December 2025, several stocks have shown strong performance, with Superjet Co. and Hualing Cable seeing price increases of over 150%, while others like Guanglian Aviation and Haoshi Electromechanical have risen over 120% [8] - Conversely, some stocks, such as Tianming Technology, have experienced significant price corrections due to clarifications regarding their business focus, leading to a nearly 20% decline in early January 2026 [8]

Group 1 - The semiconductor equipment market is experiencing significant growth driven by the demand for AI-related investments, particularly in advanced logic circuits, memory, and packaging technologies [2][3] - The global semiconductor equipment sales are projected to reach a record $133 billion in 2025, with a year-on-year growth of 13.7%, and expected to continue rising to $145 billion in 2026 and $156 billion in 2027 [2] - The wafer fabrication equipment (WFE) sector is anticipated to achieve a sales record of $104 billion in 2024, with an 11% increase to $115.7 billion in 2025, reflecting higher-than-expected investments in DRAM and HBM [2] Group 2 - Major global memory manufacturers are expanding production and upgrading technology, which is a key driver for semiconductor equipment demand [3][4] - Samsung and SK Hynix are accelerating memory capacity expansion, with Samsung focusing on high-end products and SK Hynix preparing to complete a new factory by 2027 [4] - By 2026, South Korea is expected to reclaim the second position in global chip equipment spending, reaching approximately $29.66 billion, a 27.2% increase from 2025 [4] Group 3 - The evolution of storage chips, particularly 3D NAND and DRAM, is driving demand for etching and deposition equipment, with significant increases in the number of layers and complexity of structures [5][6] - The demand for etching equipment is expected to rise sharply as 3D NAND layers increase from 32 to 128, with etching equipment usage rising from 34.9% to 48.4% [10] - The global spending on storage-related equipment is projected to reach $136 billion between 2026 and 2028, with over 40% attributed to 3D NAND investments [11] Group 4 - The demand for deposition equipment is also surging, with the need for more steps in the deposition process as the number of 3D NAND layers increases [11] - Advanced technologies such as atomic layer deposition (ALD) are becoming more critical, with ALD equipment's share in capital expenditures rising from 18% in the 2D era to 26% in the 3D era [11] - HBM technology is increasing the demand for lithography and hybrid bonding equipment due to the need for high-density interconnections and precision [12] Group 5 - Domestic companies are making significant progress in the production of core semiconductor equipment, including etching, deposition, and hybrid bonding devices [14][15] - Companies like Zhongwei, Northern Huachuang, and Yitang Semiconductor are leading in etching equipment, while Northern Huachuang and TuoJing Technology are notable in deposition equipment [14][15] - The hybrid bonding sector is also seeing advancements, with companies like Qinghe Crystal and TuoJing Technology developing innovative bonding solutions for various applications [16][17]

Core Viewpoint - The company Xin Yichang's subsidiary Haiwei Vacuum is engaged in the research, production, and sales of vacuum coating equipment, which is essential in various high-tech industries such as semiconductors, photovoltaics, consumer electronics, and lithium batteries [1] Group 1: Company Overview - Haiwei Vacuum focuses on developing advanced equipment including thin film deposition equipment, epitaxial growth equipment, roll-to-roll coating equipment, and third-generation semiconductor crystal growth furnaces [1] - The company has maintained a commitment to addressing customer pain points and aligning with market development trends since its establishment [1] Group 2: Industry Context - Vacuum coating equipment is identified as a core device with high technical barriers and long research and development cycles, indicating the complexity and importance of this technology in the relevant industries [1] - Collaboration with leading enterprises in the aerospace sector involves confidential information, highlighting the strategic partnerships and the significance of innovation in the industry [1]

证券日报网讯 1月9日，新益昌在互动平台回答投资者提问时表示，公司始终密切关注新能源领域技术 发展趋势及市场需求变化，目前正结合自身技术储备与研发规划，对包括固态电池制造相关自动化装备 在内的前沿方向进行持续跟踪与研究，具体情况请关注公司后期定期报告。 （文章来源：证券日报） ...

Core Insights - The strategic cooperation between Xinyi Chang and Tangyuan Electric marks a significant step towards the practical implementation of embodied intelligence technology in key sectors [1] - Embodied intelligence is recognized as a core engine for high-quality development in the artificial intelligence industry, with government policies emphasizing its importance in the 14th Five-Year Plan [1] - The collaboration aims to leverage Xinyi Chang's precision manufacturing capabilities and Tangyuan Electric's resources in rail transit to create a complementary advantage [1] Company Collaboration - The partnership facilitates the entire "perception-decision-execution" chain of embodied intelligence, accelerating breakthroughs in rail transit and smart manufacturing [2] - The establishment of a joint research institute serves as a model for industry collaborative innovation [2] - Future efforts will focus on "joint technology research, co-creation of scenarios, and shared industrial prosperity" to address industry challenges and promote the commercialization of embodied intelligence [2]

Important Matters - Chengjian Development has achieved a three-day stock increase and holds 18.91 million shares of Century Space, making it the fourth largest shareholder [1] - Lens Technology is a strategic investor in Strong Brain Technology and has exclusively undertaken the mass production of core hardware [1] - Shiyun Circuit is collaborating with brain-machine clients to advance the development of new material numbers [1] - Xinyada has indirectly held shares in Zhongke Aerospace through Xi'an Qingchuan [1] - Chipone Technology has completed the acquisition of Zhudian Semiconductor [1] - Suoling Co., Ltd. has seen a three-day stock increase, with its controlling shareholder's concerted action partner, Tanghe Holdings, successfully bidding for 37.5 million shares of the company [1] - iFlytek's robot super brain platform has achieved multiple technological breakthroughs in multi-modal noise reduction and has formed extensive collaborations with Yushu and Zhiyuan [1] Investment Operations - ZTE Corporation has conducted NTN technology trials and achieved breakthroughs, providing comprehensive satellite payload products [1] - Chaojie Co., Ltd. expects rapid growth in revenue from commercial aerospace-related businesses by 2026 [1] - Xinyi Chang plans to launch its second-generation wheeled robot before the 2026 Spring Festival, with three robot products expected to enter mass production in the second half of 2026 [1] - Zhejiang Xiantong is collaborating with Haohai Starry Sky and Qiteng Robotics, with robots expected to roll off the production line by the end of March [1] - Fengzhushou is placing significant emphasis on opportunities in commercial aerospace and aviation internet development, clearly positioning it as a fourth growth curve [1] - Chaoying Electronics has adjusted the investment amount for its AI computing high-end printed circuit board expansion project from 1.468 billion to 3.315 billion yuan [1] Contracts and Collaborations - Guoji Jinggong is focusing on new business areas, particularly in commercial aerospace bearings and humanoid robot bearings [1] - iFlytek's robot super brain platform has achieved multiple technological breakthroughs and has formed extensive collaborations with Yushu and Zhiyuan [1] - Desay SV Automotive has established strategic partnerships with several well-known robotics companies [1] - Tuobang Co., Ltd. has deepened cooperation with UBTECH in related business areas [1] - Fushite has signed a strategic cooperation agreement with Jiangxi Copper [1] - Robotech's subsidiary ficonTEC has signed a full automatic OCS packaging line order with a Swiss client [1] - Times New Materials has signed a sales contract for wind turbine blades worth approximately 3.32 billion yuan [1]

Core Viewpoint - The robotics industry has a vast market space with significant demand differences across various fields, leading the company to prioritize the B-end market due to its traditional focus on industrial manufacturing [1] Group 1: Company Strengths - The company has thousands of devices operating stably at client sites, continuously optimizing and increasing performance and quantity [1] - The company possesses a deep understanding of manufacturing demands and pain points, providing it with a competitive advantage in large-scale manufacturing and cost control [1]

（文章来源：证券日报） 证券日报网1月6日讯 ，新益昌在接受调研者提问时表示，公司的主营产品为对速度、精度均有严苛要 求的半导体设备，为积极推进进口替代战略，公司长期高度重视核心零部件的自主研发和生产制造，目 前，公司半导体设备所采用的高精度DDR电机、直线电机、音圈电机、大推力比直线电机、运动控制 卡、高性能一体式控制器及各类驱动器等核心零部件，已全面实现自主研发与自主生产。上述核心零部 件的底层技术，与机器人领域的核心技术高度同源，公司依托这些已掌握的成熟核心技术，快速完成了 机器人的研发工作。现阶段，公司研发团队正持续对机器人进行快速技术迭代与性能优化，旨在推动公 司机器人能在不久的将来实现产业化应用，广泛服务于千行百业，有效替代一些危险、重复性的人工操 作，助力相关行业的智能化升级。 ...

Group 1 - The core viewpoint of the article highlights the collaboration between Xinyi Chang and Tangyuan Electric in advancing robotics technology and its applications across various industries [2] - Xinyi Chang is responsible for the research and development of robot bodies, core component supply, and basic function development [2] - Tangyuan Electric leverages its expertise in fields such as rail transportation, intelligent manufacturing, emergency response, and healthcare to provide digital twin technology, AI Agent, and high-precision machine vision detection [2] Group 2 - The two companies will closely collaborate based on their respective roles to promote technological integration and application in real-world scenarios [2] - The partnership aims to accelerate the multi-industry application and continuous optimization of robotic products [2]

Core Viewpoint - The company focuses on the application of "robotic operation of its own equipment" in various industrial scenarios, particularly in LED packaging and panel module production lines [2] Group 1: Company Strategy - The primary goal of the company is to implement robotic operations in repetitive tasks such as loading and unloading, mold changing, and inspection [2] - This strategy aims to validate the operational reliability of robots in real-world applications [2] Group 2: Future Expansion - Successful implementation in current applications will lay a solid technical and practical foundation for the company's future expansion into general industrial scenarios [2]