Investors should refer to Jin Qilin analyst research reports for stock trading, which are authoritative, professional, timely, and comprehensive, helping you uncover potential thematic opportunities! Institutions remain optimistic about the continuation of the tech bull market.
Since January, the A-share market has shown a clear trend of "resources bull + tech stocks." Looking at the performance of the Shenwan primary industry indices, the non-ferrous metals index has surged by nearly 31%, while sector indices for petroleum & petrochemicals, media, basic chemicals, electronics, and building materials have all risen by over 10%.
Xiangcai Securities predicts that a rapid shift in market hotspots will be difficult in February, with the major trend likely to remain within the technology and non-ferrous metals sectors that led gains in January. From a long-term perspective, 2026 marks the beginning of the "15th Five-Year Plan" period. The central bank has already advanced policy measures in two areas, swiftly implementing the more proactive fiscal policy and appropriately accommodative monetary policy decided at the Central Economic Work Conference for continuation in 2026. This will support the steady operation of China's economy and provide crucial underpinning for the A-share market to maintain its "slow bull" trend into 2026. From a short-term macroeconomic cycle viewpoint, a new cycle is expected to commence in 2026, which will benefit upstream cyclical industries. For February specifically, the market is still in the midst of the spring rally, and continued optimism is held for sectors related to "anti-involution," the technology sector (including artificial intelligence, aerospace, military electronics, etc.), and agriculture-related planting.
Databases have compiled a list of tech stocks with significantly surging performance, totaling 31 companies. The selection criteria include: 1. Ratings from more than 3 institutions; 2. An upper limit for the 2025 annual report pre-profit increase exceeding 50%; 3. Belonging to hard tech sectors such as electronics, national defense & military, computers, and machinery & equipment; 4. A research and development (R&D) expenditure ratio exceeding 10% in 2024.
In terms of the projected increase幅度, Maxscend Microelectronics leads the pack. The company expects its 2025 annual net profit attributable to shareholders to be between 123 million yuan and 145 million yuan, a year-on-year increase of 529.64% to 642.26%. This is primarily due to increased product demand from downstream customers in the specialized integrated circuit industry and a steadily accelerating pace of market expansion in the satellite communication field.
Lead Intelligent Equipment Co., Ltd. expects its 2025 net profit attributable to shareholders to be between 1.5 billion yuan and 1.8 billion yuan, an increase of 424.29% to 529.15% compared to the same period last year. The company stated in its performance forecast that as the operating rates of leading domestic battery enterprises improved and their capacity expansion pace orderly accelerated, the company's order scale rebounded rapidly year-on-year. The pace of order fulfillment and project acceptance also accelerated simultaneously, driving the bottoming-out recovery and rapid growth of the company's operating performance, with overall profitability significantly enhanced.
Zhimingda anticipates its 2025 net profit attributable to shareholders to be around 100 million yuan, an increase of approximately 414% year-on-year. During the reporting period, the company continued to implement its technology leadership strategy. Product lines (such as airborne, missile-borne, commercial aerospace, etc.) laid out in the years preceding the reporting period experienced substantial growth in customer demand, leading to a high year-on-year increase in orders and consequently a large increase in revenue.
Regarding institutional attention, companies like Tonghuashun, iFlytek, and Montage Technology have all received ratings from more than 20 institutions. Guohai Securities believes that Tonghuashun possesses a massive user base on the C-end and has achieved multi-institutional coverage on the B-end. Empowered by large models, its product monetization capability is expected to further improve, anticipating sustained earnings growth.
The list also includes several small-cap stocks with market capitalizations below 10 billion yuan. Among them, Hanon Technology has the lowest market cap, under 3 billion yuan. The company is dedicated to researching analytical instruments and methods, as well as providing application solutions for food safety and nutrition, and drug safety supervision.
Guoli Electronic, with a market cap below 7 billion yuan, is a Sci-Tech innovation board listed enterprise specializing in the R&D, production, and sales of electronic vacuum devices. Fortech, with a market cap below 8 billion yuan, is a national high-tech enterprise focusing on core components for new energy vehicles and a major domestic supplier of on-board chargers and DC/DC converters for new energy vehicles.
Stocks on the list have generally seen significant price increases since January, with an average gain of nearly 24%, far exceeding the market's performance over the same period. Among them, Jinhaitong leads with a monthly increase of over 110%, while Maxscend Microelectronics, Montage Technology, Huafeng Test & Control, and Xinqi Microequipment have all risen by more than 40%.
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