存量市场，比拼的是什么？

Core Viewpoint - The article emphasizes the importance of product capability, technological barriers, and comprehensive industry chain capabilities in the stock market, suggesting that investors will favor companies with superior product and R&D capabilities in this phase [1]. Group 1: Investment Insights - In the stock market, investors are likely to invest in companies that demonstrate better product capabilities, R&D capabilities, and overall industry chain capabilities [1]. - The article highlights that many companies can earn money in the incremental market but struggle to transition to the next phase, which requires a higher standard of founder DNA [1]. Group 2: Event Promotion - An event led by Wu Shichun is scheduled from September 21 to 23, focusing on exploring innovation in the Sichuan Luzhou area and seeking new growth engines [4][5]. - The event aims to connect entrepreneurs with key industry players and investors, facilitating deep exchanges and collaborative opportunities [9]. Group 3: Targeted Industries - The event will cover various sectors, including robotics, smart manufacturing, low-altitude economy, satellite communication, and the intersection of technology and consumer markets [7][21][23]. - Participants will gain insights into capital trends and strategies for breaking through in their respective industries [9].