全面受益马斯克系商业航天+脑机接口赛道爆发，公司已实现低轨卫星相控阵天线全链条配套

Group 1 - The A-share market's strong start is supported by incremental capital, with significant net inflows from margin trading and thematic ETFs being the main sources of new funds at the beginning of the year [1] - According to Huatai Securities, the estimated incremental capital scale for 2026 is approximately 2.6 trillion yuan, driven by various sources including low-risk resident funds, high-risk resident funds, foreign capital, long-term funds, and industrial capital [1] - For 2026, it is projected that 60 trillion yuan of one-year or longer fixed deposits will mature, with an increase of 8 trillion yuan compared to 2025, leading to an estimated incremental capital of about 650 billion yuan from low-risk resident funds [1] Group 2 - Shiyun Circuit (603920) is set to benefit from the booming commercial aerospace and brain-computer interface sectors, having achieved full-chain support for low-orbit satellite phased array antennas and is advancing the R&D testing of core components for brain-computer interfaces [2]