SIASUN(SZ:300024) Xin Lang Cai Jing·2025-10-20 08:32Group 1: Humanoid Robots - The humanoid robot sector remains highly focused, with the launch of the Spirit G2 by Zhiyuan Robotics and Junpu Intelligence driving industrial applications [1] - Despite market disturbances from T-chain order events, there is still significant market attention and trading activity, particularly as Q4 is a critical period for Tesla's third-generation Optimus changes and mass production expectations [1] - The domestic supply chain is expected to see continuous news releases related to capital operations, order shipments, and application scenarios in Q4, creating marginal catalysts [1] Group 2: Solid-State Batteries - Solid-state batteries are advancing as the next-generation lithium battery technology, with recent breakthroughs addressing the solid-solid interface contact challenges [2] - A team from the Chinese Academy of Sciences has introduced iodine ions into sulfide electrolytes, significantly enhancing battery performance and safety by promoting uniform lithium deposition and suppressing dendrite growth [2] - The partnership between Changsheng Technology and Boyuan Co. aims to deepen collaboration in key upstream materials and solid-state electrolyte technology, accelerating the commercialization of sulfide solid-state batteries [2] Group 3: PCB Equipment - The PCB industry is experiencing an upswing, characterized by increased production and a shift towards high-end products, which is expected to drive demand for PCB equipment upgrades [3] - Key segments of PCB equipment, such as drilling and plating, hold significant value and are critical for circuit board performance [3] - AI is pushing the industry towards higher layer counts and more precise wiring, necessitating advancements in processing technology [3] Group 4: Construction Machinery - In September, domestic excavator sales increased by 22% year-on-year, with exports rising by 29%, indicating strong demand in both domestic and international markets [3] - Other construction machinery categories also showed robust growth, with significant increases in sales for various types of machinery [3] - The construction machinery sector is expected to maintain a positive outlook as both domestic and overseas cycles align upward [3] Group 5: Forklifts and Mobile Robots - Forklift sales have accelerated, with notable increases in both domestic and export markets, indicating a strong upward trend [4] - Leading companies are actively developing smart logistics and unmanned forklift products, with expectations for rapid market penetration in Q4 [4] - Recommended companies in the machinery sector include XCMG, SANY, and others, reflecting a broad interest in the automation and robotics space [4]