[CSI Headlines].

The world's first general-purpose AI agent was released to empower industrial automation

Manus, the world's first general-purpose AI agent product, was released. Unlike traditional AI assistants, Manus is able to solve a variety of complex tasks, not only provide suggestions or answers, but also directly deliver complete task results. In the GAIA benchmark test, Manus achieved a SOTA (State-of-the-Art) score, showing that its performance surpasses OpenAI's large-scale models of the same level.

Comments: The rise of AI Agent will drive more applications, especially to promote the transformation of industrial automation. AI Agent is expected to land in the B-end market with professional knowledge precipitation to achieve cost reduction and efficiency increase for industrial enterprises, among which enabling enterprise efficiency improvement is the core consideration of decision-making, and it is optimistic that the efficiency improvement brought by AI agent will stimulate a new round of industrial investment, especially the industrial automation transformation related to AI Agent of enterprises. At the same time, AI Agent endows industrial robots with intelligence, and the imagination of industrial landing is broad.

◆Among the A-share companies, Hyde Controls (002184) is committed to realizing automation and digital transformation of industrial production, empowering industrial robots with AI, providing high-availability products that meet the application scenarios of "intelligent connection, intelligent mining, intelligent storage, intelligent computing, intelligent control and intelligent display", and opening up the industrialization channel of AI Agent. Seymour Intelligence (300466) applies machine vision + AI + robotics technology in multiple industries to meet the automation and intelligent transformation needs of enterprises.

[CSI Focus].

A number of reusable rockets will make their first flight this year, giving rise to a trillion-dollar market

Yi Yi, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), recently revealed that China is actively promoting research and breakthroughs in reusable rocket technology. This year, a number of new reusable rockets will usher in their first flight or carry out further tests, including Suzaku 3, Tianlong 3 and other models. In addition, the family of a new generation of manned rockets being developed in our country includes a reusable rocket.

Comments: The biggest advantage of reusable rockets can significantly reduce the launch cost, and more companies can afford the demand for high-frequency launches, which will promote the explosion of the commercial space market. Reusable rockets are reshaping the global space industry landscape, and their low-cost advantages will give rise to trillion-dollar markets such as satellite Internet, space tourism, and deep space exploration. In the next decade, technological innovation and the maturity of business models will become the key to the explosion of the industry. Authoritative institutions predict that the reusable rocket market is expected to exceed $30 billion in 2030, with a compound annual growth rate (CAGR) of 12%-15%.

◆Among the A-share companies, Western Superconductor (688122) is a leading supplier of high-end titanium alloys and superconducting materials in China. China Satcom (601698), a satellite communications service operator under the China Aerospace Science and Technology Group, benefits from low-cost satellite launches brought about by reusable rockets.

【Selected News】

○ On March 6, Wu Qing, chairman of the China Securities Regulatory Commission, said at the press conference on the economic theme of the third session of the 14th National People's Congress that the "stuck points" and "blocking points" of medium and long-term funds entering the market will be opened up one by one, and the strategic force reserves will be strengthened through multiple channels; In the upcoming reform plan of public funds, the long-term assessment system of public funds with a term of more than 3 years will be further improved to guide long-term value investment.

○ On March 6, Pan Gongsheng, governor of the People's Bank of China, said at the economic theme press conference of the Third Session of the 14th National People's Congress that this year will take the opportunity to cut the RRR and interest rates according to the domestic and foreign economic and financial situation and financial market conditions; Explore normalized institutional arrangements with the China Securities Regulatory Commission to support the development of the capital market.

○ On March 6, Minister of Finance Lan Foan said at the press conference on the economic theme of the Third Session of the 14th National People's Congress that this year, the central government will arrange new subsidy funds to drive local governments to increase investment, support the promotion of new formats, new models and new scenarios of consumption, and create more new consumption hotspots; Increase investment in the field of people's livelihood and establish a national funding system for preschool education.

○ In order to promote the systematization, intensification, and integration of national data infrastructure, the National Data Bureau guided the National Data Standardization Technical Committee to research and form six technical documents, including the Basic Requirements for the Interconnection and Interconnection of Data Infrastructure (for Trial Implementation), to guide localities, industries, fields, and enterprises to promote the construction of national data infrastructure.

○ Tencent Hybrid released the Tusheng video model and opened it up to the outside world, and at the same time launched lip-syncing and action-driven gameplay, and supported the generation of background sound effects and 2K high-quality videos.

○Recently, at the Mobile World Congress (MWC2025), China Mobile, Huawei, and Leju jointly released the world's first humanoid robot equipped with 5G-A technology.

[Sankei perspective].

Next-generation cutting-edge technology: Huawei announced a patent for brain-computer interface

Tianyancha shows that recently, the patent of "a signal processing method and related devices" applied by Huawei Technologies Co., Ltd. was announced. The abstract shows that the application is applied to the field of brain-computer interface (BCI) technology, including: obtaining the first signal (the first signal is the signal collected from the brain tissue) and obtaining the downstream feedback signal, and then processing the first signal according to the feedback signal.

Comments: Brain-computer interface (BCI) is becoming the core technology of the next generation of human-computer interaction, integrating medical, consumer, industrial and other fields. Neuralink, Musk's brain-computer interface company, is valued at more than $60 billion. According to Grand View Research, the global brain-computer interface market size will be approximately $3.6 billion in 2023 and is expected to grow to $34 billion by 2030, with a compound annual growth rate of 27%. McKinsey predicts that it could reach $150 billion by 2040. A-share related concept stocks mainly include Tom Cat (300459), Innovative Medical (002173) and so on.

[Company News].

○Recently, the world's first AI multi-agent development team MGX (MetaGPT X) was launched, which is supported by the core computing power of the UCD-W (688158) cloud platform.

○ Xinwei Communication (300136) said on the interactive platform on March 6 that the company has provided precision structural parts and other products for smart glasses customers.

○ Weifeng Electronics (301328) said on the interactive platform on March 6 that the company has developed a variety of products, which can be applied to industrial robots, service robots and humanoid robots.

○ Shenglan Co., Ltd. (300843) said on the interactive platform on March 6 that the company has produced and supplied some connectors and wiring harness products used in humanoid robots.

○ Dongxin Peace (002017) said on the interactive platform on March 6 that the company pays close attention to and tracks the development of quantum technology at home and abroad, and actively carries out exchanges and technical research with relevant parties around the application of quantum technology. At present, the company focuses on post-quantum cryptography migration technology.

○ Alpha Data (300738) plans to raise no more than 1.75 billion yuan for the new generation of cloud computing and artificial intelligence industrial park projects.

○ Dongbei Group (601956) plans to invest 2 billion yuan to build a high-end inverter digital intelligent manufacturing base project.

○ Junzheng Group (601216) and the Administrative Office of Alxa League signed the "Strategic Cooperation Framework Agreement on Alxa Wind and Solar Hydrogen Production and Green Energy Integration Project", with an estimated total investment of about 19.36 billion yuan.

○ Binhai Energy (000695) subsidiary plans to invest 2.979 billion yuan in the construction of a source-grid-load-storage integration project.

○ Hongsheng Huayuan (601096) subsidiary pre-won the bid for about 1.354 billion yuan of State Grid procurement project.

○ Tongguang Cable (300265) subsidiary pre-won the bid of 311 million yuan for the State Grid project.

○ Crystal Optoelectronics (002273) plans to acquire 95.6% of the equity of Guangdong Ecos for 323.5 million yuan, which will contribute to the rapid development of the company's AR/VR business segment.

○ A subsidiary of Ousheng Electric (301187) plans to acquire 100% of the equity of Producteers. The company will take advantage of the technical advantages and channel advantages of Producteers and Hexin Electric to enrich the company's product gradient and further develop the European market.

○ Wuhan Holdings (600168) plans to purchase 100% of the shares of Wuhan Municipal Institute and resume trading on March 7.

○ Innovative New Materials (600361) plans to repurchase the company's shares with 100 million yuan to 200 million yuan. In addition, the Company's wholly-owned subsidiary, Richmond Management Pte. Ltd. intends to jointly invest no more than US$826 million (or equivalent currency) in RSA Holding in the form of equity investment with related parties, and RSA Holding will carry out the "Saudi Red Sea Aluminum Industry Chain Integrated Project" in the future.

[Capital Tide View].

○ On March 6, the net inflow of main funds in Shanghai and Shenzhen was 39.307 billion yuan. The top three sectors with net inflows of major funds were Internet services, software development and cultural media, with net inflows of 8.749 billion yuan, 7.999 billion yuan and 4.5201 billion yuan respectively. The top three stocks with net inflows of main funds are Oriental Wealth, BlueFocus and Hand Information, with net inflows of 2.340 billion yuan, 2.014 billion yuan and 1.658 billion yuan respectively.

○ Hand Information (300170) had a daily limit on March 6, with a turnover of 6.233 billion yuan and a turnover rate of 29.78%. According to the data of the after-hours Dragon and Tiger List, the special seats for Shenzhen-Hong Kong Stock Connect bought 420 million yuan and sold 219 million yuan, and the special seats for the two institutions sold a net of 84.3256 million yuan.

[IPO subscription].

○ Hengxin Life: Subscription on March 7, subscription code: 301501, subscription price: 39.92 yuan / share, issue price-earnings ratio of 19.24 times, the company's main paper and plastic tableware.