surged 8%, but closed in the red again. Can commercial spaceflight still participate?

1. Exclusive Market Data

*The first sheet shows basic data
*The second reflects changes in popularity and hotspots
*The third indicates market cycles, which are crucial
*The table provides data for five consecutive trading days
*Red highlights indicate “good”; green highlights indicate “poor”

2. Professional Market Analysis

The market continues to contract in volume and fluctuate, with trading volume falling below 2 trillion yuan, hitting a new low this year. Looking at a chart, you can see how severe the shrinking of trading capacity is—pre-holiday effects, everyone is gradually taking a break.

Market rotation dominates. The main theme of film and television media that exploded yesterday is gone today, unlikely to last three days. Hot spots keep changing. Leading stock Hengdian Film & TV hit the limit down; now the leader has shifted to the 3-board stock Zhangyue Technology. Popular stocks like Leverage, Chinese, and Zhejiang Literature all show large downward lines, with weaker stocks even worse. Light Media attempted to break out during the session but pulled back after a surge.

The best performer in the morning was fiberglass cloth. China National Materials Technology, Honghe Technology, and International Composite Materials quickly hit the daily limit after opening, with related stocks responding with rises. China Glass Group is approaching a trillion yuan market cap.

Electronic fabric, used in circuit boards, is in high demand due to AI boom, leading to tight supply. Guangyuan New Materials and International Composite Materials announced price hikes on February 4, marking the fourth price increase since October last year. Apple, Google, Amazon, and others are even competing for low CTE electronic fabric. About 90% of global capacity is held by Japan’s Nitto Denko.

Tungsten metal performed strongly today, with Xianglu Tungsten, Zhangyuan Tungsten, and China Tungsten High-Tech hitting the limit up; the first two set new highs. The trend in this sector remains price-driven. Tungsten is known as the “industrial tooth,” playing an irreplaceable role in high-end manufacturing and listed as a strategic metal. As of early February 2026, prices of major tungsten products have increased nearly or over 40% since the start of the year.

Near noon, news related to Long March 10 rocket appeared. JuLi Sling and Hailanxin moved sharply higher, with JuLi once up over 8%, hitting a new high. In the afternoon, they were heavily sold off, closing significantly lower and turning green, creating a rollercoaster. I will explain this news in detail later.

Overall, today’s market was relatively flat, with rotation style dominating. The loss-making effect was greater than profit, with many hot stocks surging then falling back, such as GCL, JuLi, Guangxian, etc. Short-term trading is quite challenging.

3. In-Depth Information Sharing

1. Long March 10 Low-Altitude Demonstration Verification and Dreamship spacecraft maximum dynamic pressure escape flight test successfully conducted

This was the midday news. The headline was a bit long, so I’ll interpret it for you. “Long March 10” rocket and “Dreamship” spacecraft at Wenchang launch site jointly completed a major task—successfully conducting a super-high difficulty safety drill.

In simple terms, this test did one thing: at the most dangerous moment, ensure the astronaut can be instantly “ejected” and escape safely. Imagine the rocket just taking off, pushing upward with full force. At 11 kilometers, air resistance is at its maximum—the most tense and risky critical point in the ascent. This test simulated a rocket failure at this crucial moment, testing whether the escape system of the spacecraft can respond immediately, separating the crew capsule and executing a perfect escape. If successful, it provides the most critical safety insurance for future astronauts. Our crewed lunar plan has passed another technical hurdle, taking a big step toward landing on the moon before 2030.

This was not only the first cooperative flight of a new rocket and spacecraft but also set several national aerospace firsts. At 12:20 noon, the Dreamship capsule was recovered after splashdown at sea, with successful search and rescue. This marks the first sea-based crewed spacecraft search and recovery.

2. DeepSeek update
   The context now supports up to 1 million tokens—eight times from 128K to 1M! What does that mean? It’s like fitting the entire “Three-Body Problem” trilogy in one go and still being able to chat. Reporters threw the entire “Jane Eyre” (240,000 tokens) at it, and it answered questions after reading. The knowledge base is also freshly updated, extending to May 2025. Even news from April last year can be output without internet connection.

3. The “Implementation Opinions on Improving the National Unified Electricity Market System” has been issued
   This document outlines a timetable for basic completion by 2030 and full completion by 2035. Key points include: first, no more provinces reporting and managing separately—moving toward “unified pricing and joint trading.” State Grid South and other grids will conduct regular electricity sales, and when conditions are ripe, a national electricity trading center may be established; second, coal power, energy storage, and pumped storage can generate revenue from electricity sales and capacity reserves, with a base salary for electricity sales, requiring a reassessment of thermal power valuation; third, nuclear, gas, hydro, and renewable energy sources will each find their own buyers, with renewable energy companies signing multi-year green power contracts, and blockchain traceability of green certificates introduced, benefiting export companies. Virtual power plants and microgrids can also participate flexibly in electricity trading, with policies emphasizing inclusiveness and prudence.

Disclaimer: The stocks mentioned are for review purposes only and do not constitute any investment advice.