Wanjizhi Technology (300552) Limit-Up Analysis: Catalysts, Supporting Logic, and Sustainability Judgment

Wanjizhi Technology (300552), an intelligent driving/lidar sector stock, achieved a 20% limit-up on January 6, 2026, with the current price at approximately 37.66 yuan [1]. Its strong performance is mainly driven by two core catalysts: First, NVIDIA launched the open-source inference AI model Alpamayo for L4 autonomous driving at CES 2026, which supports independent retraining; the first vehicle equipped with this model will hit the road in the US in Q1, directly boosting the overall strength of intelligent driving concept stocks [2][3]. Second, the company’s leading layout in the lidar field: its 128-line automotive lidar has received fixed-point letters from passenger car OEMs, and its 192-line product has been validated by multiple car companies and applied in Robobus [4][5].

From the perspective of price and trading volume, the stock has risen by approximately 52.7% since December 2025, and the trading volume on the limit-up day of January 6 is expected to be significantly higher than the 596 million yuan on January 5 [1][2]. In terms of market sentiment, the Intelligent Driving ETF (515250) rose nearly 4% on the same day, with many stocks in the sector hitting the limit-up. Institutions are generally optimistic about the prospects of the intelligent driving market—Guoyuan Securities expects the market size to exceed 5 trillion yuan by 2030, and Huachuang Securities points out that 2026 will be a year of “four-dimensional resonance” in intelligent driving (policy, infrastructure, commercialization, and globalization) [3]. Meanwhile, financiers have recently bought heavily into the driverless sector, and the net financing purchase amount of related stocks has increased significantly [3].

1. Linkage between industrial trends and individual stock performance
   : The launch of NVIDIA’s Alpamayo AI marks a major breakthrough in L4 autonomous driving technology, injecting strong development expectations into the entire intelligent driving industry. As a leading company in the lidar segment, Wanjizhi Technology directly benefits from the transmission of this industrial trend.
2. Importance of fundamental support
   : The company’s commercialization progress in lidar products (such as OEM fixed-point letters and product validation) is the core reason for it to become a leading stock in the sector, rather than mere market speculation.
3. Sector-wide opportunities
   : The collective strength of the intelligent driving sector (such as ETF gains and multiple limit-ups) indicates that market attention to this field has risen to a new level, and related industrial chain stocks may continue to benefit from this sector’s popularity.

1. Valuation risk
   : The stock has risen significantly since December 2025, so we need to be alert to the correction risk caused by overvaluation.
2. Uncertainty in technology implementation
   : Large-scale commercialization of L4 autonomous driving still takes time; if the progress of technology implementation is slower than expected, it may affect the stock price performance.
3. Market competition
   : The lidar field is highly competitive, and changes in the company’s market share will directly affect its long-term competitiveness.
4. Policy risk
   : Adjustments to intelligent driving-related policies may have a systemic impact on the sector.

1. Industrial scale growth
   : The intelligent driving market is expected to maintain rapid growth in the next few years, and the company, as a leading enterprise in the lidar segment, is expected to share the dividends of market expansion.
2. Dividends from technological innovation
   : If the company continues to make breakthroughs in lidar technology and obtain more commercial orders, it will provide further support for the stock price.
3. Continuation of sector popularity
   : If the popularity of the intelligent driving sector continues, the company, as a leading stock, may continue to receive market attention.

The strong limit-up of Wanjizhi Technology (300552) is the result of the combined effect of industrial trends and individual stock fundamentals. NVIDIA’s AI technology breakthrough and the company’s lidar commercialization progress constitute the core support. Currently, the stock is at a recent high, with a support level around 30 yuan (recent platform consolidation area) and a resistance level around the 40 yuan integer mark (high since 2025) [1]. In the future, we need to continue to pay attention to factors such as the overall trend of the intelligent driving sector, the company’s technology commercialization progress, industry policy changes, and market sentiment changes to judge the sustainability of its strong performance.