Group 1: Market Overview - The Shanghai Composite Index increased by 1.08%, the Shenzhen Component Index rose by 0.19%, and the ChiNext Index grew by 0.65% from November 3 to November 7, 2025 [2][3] - The Shenwan Machinery Equipment Index decreased by 0.15%, underperforming the CSI 300 Index by 0.97 percentage points, ranking 22nd among 31 Shenwan first-level industries [2][3] - Sub-sectors such as Shenwan General Equipment, Specialized Equipment, Rail Transit Equipment II, Engineering Machinery, and Automation Equipment experienced varied performance, with increases of 0.71%, 0.21%, 2.12%, and 0.36% respectively, while Automation Equipment saw a decline of 2.65% [2][3] Group 2: Key Sector Tracking - The low-altitude economy sector is supported by national policies promoting the application of unmanned systems and the establishment of infrastructure, with Shenzhen planning over 1,500 take-off and landing points by 2035 [3] - The engineering machinery sector shows strong competitive advantages for domestic leading enterprises, with excavator sales reaching 18,096 units in October 2025, a year-on-year increase of 7.77%, including domestic sales of 8,468 units (up 2.44%) and exports of 9,628 units (up 12.9%) [3] Group 3: Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huase Group, and Nairui Radar for infrastructure; for complete machines, focus on Wan Feng Ao Wei, Yihang Intelligent, Zongheng Co., and Green Energy Hui Charge; for core components, consider Zongshen Power, Wolong Electric Drive, Yingliu Co., and Yingboer; for air traffic management and operations, look at CITIC Heli, Zhongke Star Map, and Sichuan Jiuzhou [4] - In the machinery equipment sector, recommended companies include Juxing Technology, Quanfeng Holdings, and Nine Company for the export chain; for engineering machinery, focus on Sany Heavy Industry, XCMG Machinery, and Anhui Heli; for industrial mother machines, consider Huazhong CNC, Kede CNC, and Hengli Hydraulic [5]
行业整体平稳，低空稳步推进 | 投研报告
Zhong Guo Neng Yuan Wang·2025-11-11 02:16