1. Market Review and Risk Reminder

In the first week of the new year, the market started off strongly. All indices rose across the board, trading volumes increased simultaneously, and major themes performed particularly well. Over the weekend, good news kept coming, market sentiment continued to heat up, and various analysts expressed bullish views, leading retail investors to see a long-lost scene of prosperity.

However, in such a wave, it is especially important to stay vigilant. Truly rational market participants are few—when the Shanghai Composite Index was at 3000 points, some could be bearish down to 1500; after breaking 4000 points, some even fantasized about 4500 or 6124. Extreme opinions can spread easily.

Careful observation of recent details reveals some interesting phenomena: CITIC’s 1.5 billion yuan buy order last week, regulatory attention on Guosheng Technology and Jamei Packaging, and the investigation into Toppan Co., Ltd., the first “妖股” of the year. These events seem to be connected, hinting at a cooling-off intention. After all, no one wants a year's worth of market movement to be completed in a week, and the authorities certainly won’t allow that.

The conclusion is clear: there may still be opportunities for a push higher in the first half of next week, but a pullback is inevitable in the second half. Money in the market is never exhausted, but losses can be. Compared to pursuing maximum gains, risk control is the core. If the market continues to rise in the early part of next week, reducing positions proactively is the right approach—think boldly but verify carefully.

2. Major Theme Scan

**Commercial Aerospace Sector**

From the end of last year to the beginning of this year, this main line has been at a historically high level of strength. Over the weekend, more good news came: domestic low-earth orbit satellite plans are accelerating, while companies like SpaceX in the US are also expanding production significantly. The two most competitive countries are scaling up, and industry development is clearly speeding up.

Such large-scale constellation networking plans will fully activate the entire industry chain—from satellite manufacturing and launch rockets to ground operations—each link presenting huge opportunities. The core competition mainly comes from SpaceX, which is expected to perform well at tomorrow’s market open. Holders may enjoy a feast, but beware of overextended good news. If bidding directly causes a limit-up, don’t chase; if there’s an opportunity, core targets are still worth关注.

**AI Application Direction**

Last week’s continuous hints finally led to a slight breakout on Friday. Deep Seek is expected to launch a new flagship model V4 soon, with leading performance in code generation. In AI applications, the To C market has more elasticity, with overseas benchmarks in advertising and e-commerce; the To B side is the focus of policy tilt.

By 2026, this sector is a main line with medium- to long-term outlook. If disagreements arise in commercial aerospace, funds are likely to rotate into AI applications, allowing for switching between high and low. Over the weekend, this direction has already fermented, and tomorrow it’s unlikely to have a comfortable entry point.

**Controlled Nuclear Fusion Industry**

Supply chain bottlenecks and prolonged approval cycles for power grid construction have extended the connection time for some US AI data centers’ power grids to as long as 7 years. Meta has signed multiple nuclear energy procurement agreements, totaling 6GW, enough to meet the electricity needs of 5 million American households, making it the world’s largest nuclear energy purchaser.

Faced with such a huge infrastructure addition, traditional power grid expansion cannot keep pace with the growth of data centers. Nuclear energy has become the optimal solution. Meanwhile, the 2026 Nuclear Fusion Energy Technology and Industry Conference is scheduled for January 16-17 in Hefei, which will further accelerate industry funding and technological cooperation. The power industry landscape is undergoing major changes, and related leading stocks still have ongoing opportunities.

3. Stock Focus

At the intersection of commercial aerospace and liquid-cooled servers, there is a company that masters core technology in miniature antennas and high-precision fields. Its developed miniature satellite antennas are compatible with satellite communication needs for mobile phones and wearables, and it has already cooperated with major domestic mobile phone manufacturers. Its vehicle-mounted satellite navigation antennas hold a relatively high domestic market share, connecting scenarios of vehicle networking and satellite navigation.

As low-earth orbit satellite networking becomes more complete and the scale of direct satellite-to-phone business commercializes, the terminal antenna products of this company will see explosive demand, becoming a core beneficiary in the civil terminal field of commercial aerospace. There is a moderate opening opportunity tomorrow worth关注, but if the opening price is too high, do not chase.