Chengdu M&S Electronics Technology Co Ltd

On July 3, the A-share market rebounded in volatile trading, with more than 3,800 stocks rising across the board. The humanoid robot concept led the gains throughout the day, with Estun Automation hitting the daily limit up for the fourth time in three sessions, while Wolong Electric Drive, Riying Electronics, and Zhongda Leader also surged by the daily limit. Commercial aerospace stocks also soared, with M&S Electronics hitting the daily limit up and Aerospace Huanyu jumping over 16 percent. In terms of news, the July launch window is seeing a concentrated burst of activity, with Wenchang planning three high-density launches, and the Long March 10B reusable rocket set for its maiden flight in mid-July. On the robotics front, UBTECH released its ultra-realistic humanoid robot U1 series, with orders for the U1 increasing more than tenfold compared to previous sales of full-sized embodied intelligent humanoid robots. Institutions widely believe that the A-share market is currently in a deepening phase of structural trends, with tech growth remaining the core mainstay.

Mengsheng Electronics surged to its 20% daily limit in afternoon trading on July 3, closing at 31.15 yuan per share. The company previously stated on an investor interaction platform that its satellite navigation products have been successfully applied to multiple launch vehicles including Zhuque, Long March, Ceres, and Kuaizhou, serving as critical components of rocket control systems. Revenue from this segment accounted for approximately 0.72% in 2025. On the same day, LandSpace and CAS Space updated their prospectuses, racing to become the first commercial space company listed on the STAR Market, with both projecting their earliest profitability in 2029. Guotai Haitong Securities believes that as technologies such as reusable rockets mature, the industrialization of China's commercial space sector is expected to accelerate.