Penghua Fund's Yan Siqian's latest view: Technology stocks will be the main investment theme in the AI era, most optimistic about the Siasun Robot & Automation industry.

Recently, Penghua Fund's Yan Siqian disclosed her views on the market and AI investment. She stated that in the AI era, the technological mainline is expected to become a consensus among the public. She is optimistic about technology stocks, with a particular focus on Siasun Robot&Automation. Siasun Robot&Automation is an industry in the AI+ trillion-dollar space, starting from ground zero, and the industry is just beginning. China is facing the opportunity to once again lead the global market. In addition, regarding the overall market, Yan Siqian expressed optimism, despite the possibility of macroeconomic policies and fundamentals falling short of expectations in the short term. She believes that in the medium to long term, the economic cycle is bottoming out, and the market is welcoming new momentum, with the essence possibly being the new national development. Yan Siqian pointed out that under the current AI era opportunities, the vigorous development of technology in China presents opportunities for DeepSeek to equalize global computing power, resonate globally, and usher in the AI+ era. From the cloud to the edge, from glasses to phones, from B-end to C-end, from industrial to consumer, to medical and self-driving, from investments by tech giants to small street shops connecting with DeepSeek, AI is blooming in various fields. She believes that the ultimate carrier of AI applications is "human". In the future, the biggest change in the physical world may be the symbiosis of humans and Siasun Robot&Automation. The year 2025 is expected to be the founding year for Siasun Robot&Automation, from technological progress to commercial applications, with the trillion-dollar space just starting to take off. Regarding the future of Siasun Robot&Automation in China, she mentioned that China has always had manufacturing advantages, hardware advantages, but lacking in software. However, now both software and hardware have taken flight, and China's technology ecosystem is becoming stronger, providing a better foundation for catching up with global trends. At the same time, Yan Siqian stated that in the medium to long term, as the economic cycle bottoms out, the market is expected to gain new momentum, with the underlying essence possibly being the essence of a new national development: 1) From reform and opening up, to Made in China, to the essence of a national development (from ordinary to extraordinary), the makers of "Black Myth: Wukong", director of "Nezha" animated film Jiazi, the founder of DeepSeek Liang Wenfeng, as well as Wang Xingxing of Yushu Technology, and Pan Zhanle, an Olympic champion who has been praised by the central mother, all embody the essence of going from ordinary to extraordinary. High-quality development and technological innovation open up new space for growth in the next era. 2) Deutsche Bank's report on China devouring the world, from multiple industries focusing on cost-effectiveness to recognizing China's advantages in various industries. Foreign investors are beginning to have confidence in China, and the discount on Chinese assets may disappear. 3) The gradual end of supply-side digestion, continuous growth in industries such as new energy with long-term demand, and leading companies still holding long-term allocation value. 4) Possibility of short-term underperformance in macroeconomic policies and economic fundamentals, further digestion needed for pro-cyclical and consumer assets, choose the best of the best, uncertainty in policy and short-term stock price fluctuations. From a research perspective, patient capital is more concerned with the actual development of industries and long-term trends.