The essence of the morning meeting of securities firms | The humanoid Siasun Robot&Automation sector continues to rebound, laying out a window of opportunity.

The market fluctuated and rose yesterday, with the Shanghai Composite Index back above 3900 points, the Shenzhen Component Index, and the ChiNext Index all rising by more than 1%. The total turnover of the two cities was 1.87 trillion yuan, an increase of 288.1 billion yuan from the previous trading day. In terms of sectors, consumer electronics, non-ferrous metals, and other sectors led the gains, while internet e-commerce, insurance, and battery sectors led the declines. As of the close of yesterday, the Shanghai Composite Index rose by 0.65%, the Shenzhen Component Index rose by 1.25%, and the ChiNext Index rose by 1.31%. At today's securities morning meeting, Open Source Securities pointed out that the humanoid Siasun Robot&Automation sector continues to rebound, with a layout window opening; Stated by China Securities Co., Ltd., the landing of commercial aerospace companies and the release of action plans will accelerate the high-quality development of China's commercial aerospace industry; CITIC SEC proposed that space computing power is becoming a reality, and perovskite materials will see new opportunities. Open Source Securities: The humanoid Siasun Robot&Automation sector continues to rebound, layout window opens Open Source Securities pointed out that the recent humanoid Siasun Robot&Automation sector index and leading stocks have shown a significant rebound trend, with clear capital inflows, and the overall sector has entered an upward channel. Open Source Securities believes that the core driving factor is that the sector adjustment is nearing completion, risk release is relatively sufficient, industry expectations are more rational and consistent; at the same time, the overseas Tesla and domestic industry progress continue to accelerate, with more strong catalysts in the future. Looking ahead to 2026, the humanoid Siasun Robot&Automation will enter the mass production stage, with major factories entering the market, and policy support and subsidies are expected to enter the practical stage. The layout window of "trend strengthening and economic recovery" has been opened. China Securities Co., Ltd.: The establishment of a commercial aerospace company and the release of action plans, will accelerate the high-quality development of China's commercial aerospace industry China Securities Co., Ltd. stated that the National Space Administration has officially established a commercial aerospace company as a dedicated regulatory agency to improve launch approvals, license issuance efficiency, and promote industry standardization and large-scale development. The "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" proposes four core goals: support low-cost technologies through open research projects (such as reusable rockets and intelligent satellites), promote the integration of civil and commercial standards, establish a national fund to optimize the industry ecology, and build a full lifecycle safety regulation system. In 2025, the industry will accelerate its landing, with over a hundred satellites in orbit between GW and Qianfan Constellations, private rocket companies entering the national constellation launch market, the Ministry of Industry and Information Technology opening satellite communications services to operators, and promoting terminal direct connection technology consumer applications. With the policy framework clear, commercial aerospace will enter a phase of high-frequency launches starting in 2026, with low-orbit satellite internet and rocket launch industry chains becoming key beneficiary areas. CITIC SEC: Space computing power is becoming reality, perovskite materials will see new opportunities CITIC SEC pointed out that space computing power is gradually moving from concept to reality, with overseas tech giants actively deploying in the sector. CITIC SEC believes that the energy supply for space computing power will be highly dependent on photovoltaic technology. Currently, the price of gallium arsenide used in space is very expensive, and low-cost crystal silicon solar panels have poor radiation resistance and cannot be used in space for a long time. Perovskite, as the next-generation photovoltaic technology with high efficiency and low cost, is expected to become an important solution for space energy. Since 2025, the industrialization of perovskite has accelerated, with breakthroughs in efficiency and stability, and multiple GW-level production lines have been put into operation, suggesting attention to investment opportunities in the perovskite industry. This article is re-published from "Financial Union", GMTEight editor: Huang Xiaodong.