Zhi Tong Cai Jing·2025-10-15 06:49Core Viewpoint - Zhonglian Heavy Industry (000157)(01157) saw a stock increase of over 5%, currently at 7.62 HKD with a trading volume of 106 million HKD, indicating positive market sentiment towards the company and the industry as a whole [1] Industry Summary - According to the China Construction Machinery Industry Association, excavator sales are projected to reach 19,858 units by September 2025, representing a year-on-year growth of 25.4%. Domestic sales are expected to be 9,249 units, up 21.5%, while exports are forecasted at 10,609 units, reflecting a 29% increase [1] - Huatai Securities noted an upward trend in both domestic and international demand for excavators in September, suggesting a sustained recovery in the industry [1] - China Merchants Securities highlighted that the resonance of domestic and international demand is expected to enhance the performance elasticity of leading companies, with long-term growth driven by internationalization and lithium battery technology, thereby strengthening global competitiveness [1] - Zheshang Securities previously reported that Zhonglian Heavy Industry is considered an undervalued player in the humanoid robot sector, with accelerated industrialization of humanoid robots in factory operations [1] Company Summary - At the 2025 Internet Yuelu Conference held from September 14 to 16 in Changsha, Zhonglian Heavy Industry showcased its cloud-based intelligent models and toolchains, presenting five humanoid robots designed for various applications including reception, walking performances, logistics sorting, assembly, and daily life scenarios [1] - All key components of Zhonglian Heavy Industry's humanoid robots are independently developed, including planetary joint modules, cycloidal joint modules, linear joint modules, and key controllers, achieving complete control over core technologies [1]