February 19 witnessed a robust rebound in China’s A-share market, with the humanoid robot sector spearheading substantial gains alongside semiconductor stocks. The Shanghai Composite Index climbed 0.81% to close at 3351.54 points, while the Shenzhen Component Index and ChiNext Index surged 1.46% and 2.03% respectively. Trading volume remained elevated at 1.75 trillion yuan, marking the sixth consecutive session above the 1.7-trillion-yuan threshold.
Market breadth showed remarkable strength with 4,645 advancing stocks against only 591 decliners. The day recorded 120 stocks hitting their daily upside limit, while just four fell to their lower limits. Small and micro-cap stocks outperformed significantly, evidenced by the 2%+ gains in the CSI 1000, CSI 2000, and Wind Micro-Cap Stock indices.
Key Sector Performances
- Humanoid robot stocks dominated market action, with multiple companies setting historical highs. Sanfeng Intelligent, Hengfeng Tools, Fengli Intelligent, Changsheng Bearing, and Hanwei Technology all surged by the 20% daily limit. Notably, Fengli Intelligent and Changsheng Bearing achieved record-high share prices.
- Electronics and computer sectors followed closely, rising 3.39% and 2.67% respectively, while machinery equipment led all industries with a 4.29% gain.
- The Wind Humanoid Robot Index has soared 31.12% since January 13, outperforming most thematic indices.
Sustained Tech Rally Since Market Rebound
Since hitting yearly lows on January 13, China’s equity markets have staged a powerful recovery. The Shanghai Composite, Shenzhen Component, and ChiNext indices have risen 5.78%, 9.97%, and 12.74% respectively through February 19. Technology sectors have driven this advance:
- Computer (+32.35%), media (+22.81%), and communications (+16.66%) industries emerged as top performers
- Machinery equipment and automotive sectors both gained over 15%
- Wind DeepSeek Index skyrocketed 85.02% during this period
The humanoid robot ecosystem demonstrated extraordinary momentum with Changsheng Bearing soaring over 190% and Zhongda Lide advancing beyond 100% since January 13. Parallel gains occurred across AI-related stocks, with Parellel Technology surging over 360% and Daily Interactive rising above 340%.
Historic Trading Momentum
Market participation has reached unprecedented levels, with trading volume exceeding 1 trillion yuan for 21 consecutive sessions since January 14. The streak of 1.7-trillion-yuan-plus sessions extended to six days, peaking near 2 trillion yuan on February 17. This elevated activity reflects growing investor confidence in technological transformation themes, particularly the humanoid robot revolution.
Valuation Expansion and Market Capitalization Growth
Wind data reveals significant valuation expansion during the rebound period:
| Index | PE Ratio (TTM) | Market Cap Change (trillion yuan) |
|---|---|---|
| Wind All-A | 18.80x | +7.60 |
| CSI 300 | 12.74x | – |
Total A-share market capitalization reached 96.34 trillion yuan on February 19, representing a 7.60-trillion-yuan increase since January 13.
Analyst Perspectives on Humanoid Robot Leadership
Market strategists highlight the humanoid robot sector’s significance in the ongoing market transformation:
- “We remain in the early stages of the AI era and the revaluation of Chinese tech assets,” stated Xu Yingbo, Chief Technology Industry Analyst at CITIC Securities. “Each major technological breakthrough, especially in fields like humanoid robotics, presents systemic valuation uplift opportunities.”
- CITIC Securities’ Chief A-Share Strategist Qiu Xiang noted extreme concentration in technology themes, with TMT sectors accounting for 45% of total A-share turnover – near historical highs. Computer sector trading volume reached 100th percentile historically, while electronics and media registered at 92.4% and 95.6% respectively.
- Mo Xiaocheng, General Manager of Huanrui Tianze, characterized the market as “in the initial phase of a long-term upward trend,” citing capital market reforms and quality enterprise development. He specifically highlighted humanoid robotics as a structural growth driver.
Market Outlook
Analysts maintain constructive views despite recent gains:
- Yang Chao, Chief Strategist at China Galaxy Securities, acknowledged potential near-term consolidation but emphasized China’s valuation appeal compared to global markets. “A-shares may exhibit a spiral upward pattern,” he projected, “with significant valuation reshaping opportunities in new productivity sectors like humanoid robotics.”
- Qiu Xiang anticipates the spring rally window remains open through April, with foreign capital回流 and core asset catch-up potential. “Policy improvements and economic expectations continue to support market sentiment,” he noted.
- Multiple analysts underscored that humanoid robotics represents more than a cyclical theme – it embodies China’s strategic pivot toward high-value manufacturing and technological self-sufficiency. The sector’s explosive growth reflects fundamental recognition of its role in industrial automation and next-generation productivity tools.
As China accelerates development of new quality productive forces, the humanoid robot ecosystem stands positioned at the convergence of multiple technological breakthroughs – from precision manufacturing to AI integration. Market participants increasingly view humanoid robotics as both a leading indicator of technological advancement and a tangible growth vector, with recent performance validating its central role in China’s industrial upgrade narrative.