SIASUN(SZ:300024) Sou Hu Cai Jing·2025-11-27 23:11Core Viewpoint - The recent collective application for the first batch of Sci-Tech Innovation and Entrepreneurship Robot ETFs by seven fund companies marks a significant move towards focusing on hard technology sectors, particularly in robotics, chips, and artificial intelligence, in response to supportive policies and industry upgrades [3][4][5]. Group 1: ETF Applications and Market Focus - Seven fund companies, including Huaxia Fund and E Fund, have collectively submitted applications for the first batch of Sci-Tech Innovation and Entrepreneurship Robot ETFs, which are the first index funds in China focusing on the robotics theme in the Sci-Tech Innovation Board and the Growth Enterprise Market [3][4]. - The underlying index for these ETFs, the "CSI Sci-Tech Innovation and Entrepreneurship Robot Index," selects 40 companies from the Sci-Tech Innovation Board and the Growth Enterprise Market that provide essential software and hardware for intelligent robotics [4]. - The index emphasizes "hard technology" attributes, with constituent stocks concentrated in semiconductor, artificial intelligence algorithms, and precision manufacturing sectors [4]. Group 2: Policy Support and Strategic Alignment - The concentrated application for the Sci-Tech Innovation and Entrepreneurship Robot ETFs aligns with the recent approval of multiple hard technology-themed ETFs, reflecting a strong policy response to guide funds towards key sectors like chips, robotics, and artificial intelligence [5]. - The "14th Five-Year Plan" and "15th Five-Year Plan" emphasize the importance of advancing core technologies and implementing "Artificial Intelligence+" initiatives, aiming to foster new economic growth points [5]. - Local governments are also providing substantial support, such as subsidies for integrated circuit policy revisions and rewards for high-quality artificial intelligence products, creating a collaborative support framework between central and local authorities [5]. Group 3: Technological Advancements and Market Potential - Significant technological breakthroughs and accelerated commercialization are catalyzing growth in the robotics sector, with international companies like Tesla planning to launch mass production models, which could expand industry growth [6]. - Domestic companies are also achieving core technological advancements, with substantial investments being made to promote the deployment of intelligent robotics [6]. - The explosive growth of AI technology is providing strong momentum for the robotics industry, with AI application processing volumes increasing by 5-10 times compared to last year, indicating a robust demand for computational power [6]. Group 4: Institutional Outlook on Hard Technology - Fund companies involved in the ETF applications are optimistic about the long-term development opportunities in the hard technology sector, citing strong resilience in the technology growth segment [7]. - The recovery trend observed in sci-tech enterprises post-2025 Q3 reports indicates a potential for continued support for the technology growth style, backed by improving volume and price indicators [7]. - The robotics industry is seen as forming a "golden triangle" of strong policy support, technological breakthroughs, and valuation potential, suggesting a favorable investment landscape [7].