SIASUN(SZ:300024) Xin Lang Cai Jing·2026-02-26 07:04Core Viewpoint - The rise of China's manufacturing competitiveness is driving domestic industrial robot and automation equipment companies to expand internationally, marking the beginning of a "great navigation era" for the industry [1] Group 1: Industry Trends - The global market is experiencing a rigid demand for high-cost performance intelligent equipment due to labor shortages in developed countries and the equipment construction phase in emerging markets [1] - According to Dongwu Securities, a new upward cycle in overseas demand is expected by 2026, with engineering machinery exports likely to remain prosperous, creating a resonance between domestic and international markets [1] - China's robot companies are achieving significant advantages in hardware performance, customization, and software services compared to international giants [1] Group 2: Export Data and Market Performance - Export delivery values for China's industrial robots, CNC machine tools, and related core components are projected to maintain high double-digit growth from 2025 to 2026 [1] - Leading domestic companies are steadily increasing their market share in key overseas markets such as Southeast Asia and Europe, with a positive cycle of rising overseas business revenue and gross margins [1] - China has become a net exporter of industrial robots, with exports exceeding imports last year [1] Group 3: Investment Opportunities - The Tianhong CSI Robot ETF Fund offers a disciplined investment approach for ordinary investors, allowing them to share in the global dividends of Chinese manufacturing through a packaged investment in competitive industry leaders [2][6] - The fund tracks the CSI Robot Index, focusing on "hard technology + advanced manufacturing," covering key players in upstream core components, industrial robots, and automation integrators [8] - As of February 10, 2026, the top three sectors in the index are industrial control equipment (21.3%), robots (14.1%), and horizontal general software (11.1%), which are crucial for the current wave of industrial expansion [8] Group 4: Fund Performance and Features - As of December 31, 2025, the Tianhong Robot Fund has a total scale of 2.746 billion, ranking first among 13 similar products tracking the CSI Robot Index [9] - The fund's tracking error is well controlled, with A class at 0.45% and C class at 0.70%, both below the common 1% threshold for similar index funds [9] - The C class shares have a sales service fee of only 0.2%, significantly lower than the common 0.40%, providing a cost-effective liquidity tool for investors [9]