The Zhitong Finance App learned that on October 22, the three major A-share indices had mixed ups and downs. After opening slightly higher, the Shanghai Index immediately fluctuated and declined. The Shenzhen Index and the GEM Index opened lower and moved lower. The market showed a pattern of “the index collectively weakened, the growth style led the decline, and individual humanoid robot stocks bucked the trend.” By the midday close, the Shanghai index fell 0.89% to 3679.86 points, the Shenzhen Index fell 1.78% to 11496.07 points, and the GEM index fell 2.77% to 2620.04 points. Nearly 4,000 stocks fell across the market. The Shanghai and Shenzhen markets traded 919.3 billion yuan in half a day, down 20 billion yuan from the previous trading day. In terms of capital, according to the Financial Services Association's monitoring data, the main capital flowed into general equipment, motors, mechanical equipment and other sectors in early trading, with a net outflow from electronics, communications, semiconductors, etc., with a net outflow of over 12.3 billion yuan from the electronics sector.
Overview of the plate
On the market, individual humanoid robot stocks rose 4.91% and ranked first in Shenwan's second-level industry. The robot actuator concept rose 3.01%, the hollow cup motor concept rose 3.45%, ground armaments rose 2.16%, and construction machinery rose 0.57%; on the downside, components fell 4.70%, PCB concepts fell 2.53%, advertising and marketing fell 2.35%, and the direction of computing power and hardware was collectively adjusted. Overall, capital was withdrawn from high levels in the early stages, such as computing power and hardware, to the direction of humanoid robots, construction machinery, etc.; GEM indicated that weak weighted stocks were clearly dragging down the index. Xinyisheng fell by more than 10%, Zhongji Xuchuang fell by more than 7%, and the Ningde Era fell by more than 2%.
Popular sections
1. Individual humanoid robot stocks concentrated on rising and falling
Individual humanoid robot stocks rose and stopped, leading the way in the motor direction. Huayang Intelligence and Yifan Transmission rose and stopped 20%, while Mingzhi Electric, Ocean Electric, and Ananda rose and stopped; in the robotics direction, Daye Co., Ltd. had 5 consecutive boards, Zhaowei Mechatronics and 2 boards in 4 days, and Xiangyang Bearing and Saixiang Technology rose and stopped. Amperon rose more than 14%, and Kone Technology rose more than 11%. There was limited increase at the sector index level. The robot actuator concept rose by 3.01%, the hollow cup motor concept rose 3.45%, and the wide-caliber humanoid robot concept index basically flat for half a day.
Comment: On October 21, at the GTC conference in Berlin, Nvidia announced the expansion of the ISAAC open robot development platform, adding a humanoid robot reference platform, data sets, runtime framework and robot learning tools, and collaborating with Siling Robotics to launch the humanoid robot Agile ONE SN. On the same day, Yushu Technology released the humanoid robot “H2-X Kung Fu Legend”, which has a maximum battery life of about 8 hours. In addition, Tesla released the financial report for the third quarter of 2026 and held a performance conference call after the market on October 21, EST. The company said that Optimus has begun production at the Fremont plant's high-production line. Musk said that most of the production lines with an annual output of 1 million units have already been implemented, but it will take at least a year or more to reach production capacity of 20,000 units per week. Optimus is expected to be equipped with AI5 chips around April next year, and may be delivered to companies other than Tesla around the end of 2027.
2. Construction machinery stocks bucked the trend and rallied
Individual construction machinery stocks bucked the trend. Shanhe Intelligence and Nanfang Road Machinery rose and stopped, and Tietuo Machinery rose more than 12%, and many stocks within the sector followed suit; the Shenwan Construction Machinery Index rose 0.57% in half a day, and individual stocks performed better than the sector as a whole.
Comment: According to the news, data from the China Construction Machinery Industry Association shows that in September 2026, 2,717 excavators of various types were sold, up 14.4% year on year. The sales volume in China was 9911 units, up 7.16% year on year, and exports were 12,806 units, up 20.7% year on year; from January to September, 214,274 excavators were sold, up 23.1% year on year, and exports increased 30.4% year on year (the data was released in mid-October). Furthermore, on October 21, the General Office of the CPC Central Committee and the General Office of the State Council issued “Opinions on Promoting the Deep Integration of Scientific and Technological Innovation and Industrial Innovation”, proposing in-depth implementation of major technological transformation and upgrading and large-scale equipment renewal projects in the manufacturing industry.
3. The military sector fluctuated and boosted in the market
The military industry sector fluctuated and increased. Shenwan's ground armaments index rose 2.16% to rank second in the industry. Hunan Tianyan rose and stopped, Jianglong boats rose more than 8%, and the Changlong and Great Wall military and construction industries in the north followed suit.
Comment: According to news, the 16th China Air Show will be held from December 7 to 13. More than 1,100 companies from nearly 50 countries and regions will participate in the exhibition, with more than 3,000 pieces of equipment, accounting for about 10% of the “first exhibition” and “debut” exhibits. More than 170 aircraft have signed up for the exhibition in the main exhibition area, reaching another record high in scale.