Many industry leaders have outlined the core issues for next year: China lacks chips, the US lacks electricity, and the global lacks storage. Let me share my views. Several sectors to watch for continued growth in the big A-share market next year:

Non-ferrous metals, solid-state batteries, commercial aerospace, robotics, autonomous driving, data center-related CPO liquid-cooled power supplies, PCBs, etc.

Among these, non-ferrous metals, solid-state batteries, and data center-related fields have actual performance support.

Robotics and commercial aerospace might be driven by sentiment speculation. Next year, SpaceX's IPO will be the largest globally, which will boost the domestic market, but the actual performance of commercial aerospace is not as significant as the other sectors, so it’s also sentiment-driven. However, once robot shipments exceed one million units, the zero-to-one stage will be passed, shifting from emotional hype to performance-driven long-term growth.

Demand for lithium is driven by new energy vehicles and energy storage. Currently, new energy vehicles are in the mid-to-late acceleration phase, while energy storage is still in the early to mid-stage, depending on how fast this sector accelerates. Overall, growth remains.

The data center segment has many subdivisions. As long as AI demand continues, optical modules, PCBs, liquid cooling, and power supplies all have significant growth potential. Including the trend of shifting from UPS to HVDC power supplies, and possibly to SST in the future. 1.6T optical modules began mass production this year, and they are expected to continue growing for 3-5 years before being gradually replaced by 3.2T.

Next year, there may be new sectors for speculation, but the ones listed above are already enough. There’s a lot to do in 2026. Additionally, around December 17, the big A-shares, US stocks, and cryptocurrencies are expected to bottom out in a synchronized adjustment. However, over the past week or so, stocks have performed well, while cryptocurrencies have been volatile and underperformed. Hopefully, this upward trend will show some results. My overall outlook for cryptocurrencies in 2026 remains the same as in August: it cannot be defined by traditional bull or bear markets, but it’s likely to underperform US tech stocks and A-shares. Therefore, when a certain bullish trend appears with leverage, it’s a good strategy to gradually take profits and shift into stocks.