Blue Arrow Aerospace makes a major announcement: it will push to recover a single stage in the first half of 2026, and in Q4 it will attempt rocket reuse flights.

(I) Important Market News

1、In local time on April 6, all three major U.S. stock indexes rose collectively. The Nasdaq rose 0.54%, the S&P 500 index rose 0.44%, and the Dow Jones rose 0.36%. The storage chip sector moved higher: Seagate Technology rose more than 5%, while Western Digital and SanDisk rose more than 3%. Invesco’s share price fell 5.2%, marking the largest single-day drop since October last year. Blue Owl Capital fell 1.4%, hitting a new intraday closing record low. The Nasdaq China Golden Dragon Index fell 0.21%. Among popular Chinese concept stocks, Bawang Chajii rose more than 3%, KE Holdings rose nearly 2%, Tiger Brokers rose more than 1%, and iQIYI fell more than 4%.

2、On Monday (April 6) in the New York late session, the ICE U.S. Dollar Index fell 0.03% to 99.997 points. Offshore Renminbi (CNH) against the U.S. dollar was 6.8747, up 112 points from the New York close on Friday. In the New York late session on April 6, spot gold fell 0.54% to 4651.24 U.S. dollars per ounce. COMEX gold futures rose 0.01% to 4680.30 U.S. dollars per ounce. Spot silver fell 0.23% to 72.8569 U.S. dollars per ounce. COMEX silver futures rose 0.16% to 73.040 U.S. dollars per ounce. WTI May crude oil futures settled up 0.87 U.S. dollars, nearly a 0.78% gain, at 112.41 U.S. dollars per barrel. Brent June crude oil futures settled up 0.74 U.S. dollars, nearly a 0.68% gain, at 109.77 U.S. dollars per barrel. Middle East Abu Dhabi Murban crude oil futures rose 2.69% to 117.93 U.S. dollars per barrel.

(II) Digging for Industry Profits

1、On April 6, at the 2026 Space Computing Industry Conference, Zhang Xiaodong, Chief System Designer of the reusable rocket Nebula 3 (Zhuque-3) of LanJian Aerospace, said that calculations show that in the next 7 to 10 years, an average of 500 medium- and large-sized launch vehicles per year will be needed to complete the deployment of the launch of 220k satellites. He first disclosed that in the first half of 2026, Zhuque-3’s second-stage rocket (Yao-2) will fully sprint toward one-stage recovery, and in the fourth quarter of 2026 it will make its first attempt at rocket reuse. Zhang Xiaodong acknowledged that domestically reusable rockets are still in the experimental stage and there remains a significant gap versus SpaceX’s Falcon 9 and LinkSpace’s highly integrity-engineered applications. Without shying away from industry shortcomings, he also provided a clear path for technical catch-up and engineering implementation. He offered recommendations for a full-chain practical plan for building a space computing constellation, and put forward three initiatives for coordinated development across the whole industry.

Commentary: As competition for space resources grows increasingly fierce, satellite internet has become a new high ground for global technology competition. In the future, the space economy will become a new industrial sector, involving multiple areas such as satellite communications, satellite navigation, satellite remote sensing, and space tourism. The space-to-ground communications industry is expected to reach RMB 200 billion—RMB 400 billion by 2030, with an annual compound growth rate of between 10%—28%. The space-to-ground communications industry is at a critical turning point from “proof of concept” to “scale-up applications.” With technological maturity, lower costs, and expanded application scenarios, the next decade will form a new communications landscape of “integrated space and ground, and everything connected,” becoming an important engine driving high-quality development of the digital economy. Concept stocks include Guanglian Aviation, Chunhui Intelligent Control, Tianyin Electromechanical, and others.

2、On April 6, six departments including the Ministry of Commerce issued the “Guiding Opinions on Better Serving the Real Economy and Promoting High-Quality Development of E-Commerce.” It mentions, among other things, unlocking the value of data elements. Encourage the development of data labeling industries, build a batch of high-quality datasets in the fields of commerce and distribution, and select representative “data elements ×” innovative empowerment cases in the e-commerce sector. Improve and refine mechanisms for cross-border data flows, continuously optimize management of data export security and personal information protection. Promote the integration and sharing of cross-border e-commerce data resources among relevant departments. Support e-commerce enterprises in accelerating the application of diversified data integration, and develop products and provide services in a compliant manner according to law.

Commentary: As a core carrier of the digital economy, e-commerce’s core production factor for improving quality and efficiency is data. The Opinions clearly encourage the development of data labeling industries and the creation of high-quality datasets in the commerce and distribution area. They directly address pain points in the current e-commerce field, such as uneven data quality and shallow application scenarios, providing high-quality data support for innovations including AI + e-commerce, precision marketing, and supply chain optimization. This will help transform e-commerce from “traffic-driven” to “data-driven,” further strengthening e-commerce’s empowerment of the real economy and helping cultivate new-quality productive forces. Concept stocks include Yixianbao, Sifang Chuangxin, Cross-border Connect, and others.

3、Lund University in Sweden recently announced that the university has participated in developing a new artificial intelligence (AI) model that can assist in identifying multiple neurodegenerative diseases through a single blood test, providing new ideas for early screening and assisted diagnosis of the relevant diseases. Researchers from Lund University and other institutions, based on protein measurement data from more than 17k patients and healthy controls, developed an AI model. By learning blood protein features associated with multiple diseases, the model can identify a set of specific proteins, thereby identifying different diseases. The results show that the model can identify five diseases or conditions, including Alzheimer’s disease, Parkinson’s disease, amyotrophic lateral sclerosis, frontotemporal dementia, and a history of stroke.

Commentary: Neurodegenerative diseases have pain points including high diagnostic difficulty and invasive, high-cost testing methods. Clinically, many still rely on expensive PET-CT or invasive cerebrospinal fluid puncture tests, resulting in low patient acceptance and a risk of missing the best intervention window. This AI model achieves a breakthrough of non-invasive, low-cost, one-time testing for multiple diseases by interpreting unique protein signatures in blood. It not only significantly reduces diagnostic costs and improves patient acceptance, but can also help doctors accurately distinguish different types of neurodegenerative diseases, addressing the issue of insufficient diagnostic accuracy in clinical practice. It will drive the shift of disease diagnosis and treatment from “confirming in the late stage” to “early screening and precise intervention,” securing a treatment window for patients and improving prognosis outcomes. Concept stocks include Toujing Life, Beilu Pharmaceutical, Weining Health, and others.

(III) Risk Warning

Huihui Optoelectronics: The company has released an announcement stating that it received a “Shareholder Notification Letter on the Reduction of Our Company’s Stock” sent by Shanghai Integrated Circuit Industry Investment Fund Co., Ltd., a shareholder holding more than 5% of the company’s shares. The integrated circuit fund previously planned to reduce its holdings in the company by no more than 2.00% of the company’s shares through block trades. During the reduction period from February 2, 2026 to April 2, 2026, the integrated circuit fund cumulatively reduced its holdings through block trades by 53 million shares, representing 0.38% of the company’s total share capital. The reduction price range was 2.49 yuan per share to 2.66 yuan per share, and the total reduction amount was approximately 137 million yuan. The time period for this share reduction plan has expired. After the reduction is completed, the integrated circuit fund will hold 8B shares of the company, and its shareholding ratio will decrease from 9.66% to 9.28%.

(Source: Economic Daily News)