AI and Robotics Pre-Market Briefing | CITE will gather companies like Yushu ZhiYuan, SpaceX has filed for an IPO, expected to go public in June

【Market Recap】

This Wednesday (April 1), A-shares’ artificial intelligence and robotics sector saw a strong rebound. Both theme ETFs surged significantly, the entire sector broke out broadly, and bullish forces took the lead. Off-exchange capital actively rushed in to accumulate positions, and overall market confidence was notably boosted.

The Xia IA Science and Technology Innovation AI ETF, Huaxia (589010), opened higher and moved up in the morning, remaining above the moving average throughout the day. The closing price was 1.348 yuan, up 4.012%. On the intraday chart, after the index opened higher and advanced, it held firmly above the moving average. The bulls’ counterattack was sharp, and market confidence clearly recovered. In terms of holdings, constituent stocks showed a broad-based gain. Multiple individual stocks led the rally by a wide margin;芯原股份 (Chiplet) and 优刻得 (UCloud) both rose by more than 10%, 道通科技 (Doutong Technology) and 寒武纪 (Cambricon) rose by nearly 7%. The collective surge in core targets helped the sector shift from defense to offense. In terms of liquidity, trading volume reached 74.33 million yuan, with a turnover rate of 3.40%. Trading activity was more active than the previous trading day. Off-exchange capital’s willingness to accumulate positions in the bottom area was extremely strong. The market raised the bottom consolidation center through efficient turnover of chips. On the capital side, over the past 10 days, net inflows have been steady, with cumulative inflows of more than 100 million yuan. For the short term, it is suggested to watch the breakout quality of the overhead resistance level and the strength of support from the moving-average line, and wait for the sector’s further rebound room.

The Xia IA Robotics ETF, Huaxia (562500), fluctuated at a high level throughout the day and posted a modest gain. The closing price was 0.943 yuan, up 2.723%. In terms of holdings, constituent stocks saw a full-scale breakout. 瑞松科技 (Rayson Technology) led the gain by more than 14%, 綠的諧波 (Giding Harmonics) and 盈峰环境 (Yingfeng Environment) rose by more than 7%, and targets such as 昊志机电 (Haozhi Electromechanical), 云天励飞 (CloudWalk), 科瑞技术 (Coretec Technology), 中控技术 (Sino-Control Technologies) all rose by more than 4%. The top ten active constituent stocks were all in the red. The collective push by core targets demonstrated the sector’s strong upside repair momentum. In terms of liquidity, trading activity was lively, trading volume reached 575 million yuan, and the turnover rate was 2.71%. Currently, the price action is in a high-level consolidation and offensive phase. On the intraday line, it has run steadily above the moving average all day long, and the bulls firmly control the market’s initiative. Strategically, it is recommended to maintain strategic resolve, use the upward window after the trend is established for position management. Against the backdrop of the ongoing evolution of the embodied intelligence industry logic, use the intraday consolidation window to build positions in high-quality chips, and patiently wait for the opportunity for a sustained counterattack after market sentiment fully stabilizes.

【Hot News】

1. The 14th China Electronics Information Expo (CITE 2026) will be held in Shenzhen from April 9 to 11. The expo will be themed “new technologies, new products, and new scenarios,” bringing together more than 1,200 enterprise teams worldwide. It is expected to attract over 70,000 professional visitors and host more than 30 forums. Star embodied intelligence companies such as Unitree and 智元 (Unitree? Ziyuan?) will make concentrated appearances. The expo will also hold the inaugural AI OPC robot/hardware hackathon.

2. SpaceX has secretly filed an IPO application. It plans to list on the market in June, ahead of OpenAI and Anthropic. The company’s target valuation is over $1.75 trillion, and it plans to raise more than $75 billion.

3. On March 31, Zhipu held a 2025 performance briefing. It first defined the value of AI productivity as TAC (Token architecture power, i.e., intelligent call volume × intelligent quality × economic conversion efficiency), with the goal of becoming the infrastructure for improving TAC for the whole society. The company’s 2025 revenue exceeded 724 million yuan, up 132% year over year. It is the domestic company with the largest revenue scale among large models. Its overall gross margin of 41% far exceeds the industry. The MaaS API platform’s ARR is about 1.7 billion yuan, up about 60 times year over year, and commercialization has erupted across the board.

【Institutional Views】

A report from Shanghai Securities states that, as the smallest information unit for large-model processing of information, Token has the characteristics of being measurable, priced, and tradable in the intelligent era. Around Token’s calls, distribution, and settlement, a new value system is accelerating in its evolution and is becoming an important path for monetization in the artificial intelligence industry. The Agent market is moving toward prosperity, and Token consumption volume continues to grow.

【Featured ETFs】

The Xia Robotics ETF, Huaxia (562500), is the only robotics theme ETF in the entire market with a scale exceeding 20 billion and the best liquidity, covering the most complete China robotics industry chain. It helps investors deploy China’s robotics industry with one click.

The Xia IA Science and Technology Innovation AI ETF, Huaxia (589010), is the “brain” of robotics. With a 20% up/down range plus mid-and-small-cap elasticity, it captures the “singularity moment” in the AI industry.

Economic Daily News

(Editor: 董萍萍)

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