SIASUN(SZ:300024) Zhong Guo Neng Yuan Wang·2025-11-12 02:53Core Viewpoint - The CITIC Machinery Industry experienced a decline of 0.25% from November 3 to November 7, 2025, ranking 22nd among all primary industries in terms of performance [2] Group 1: Industry Performance - The engineering machinery sector saw an increase of 0.70%, while general equipment fell by 1.42%. Specialized equipment rose by 0.16%, instruments and meters decreased by 1.18%, metal products dropped by 1.31%, and transportation equipment increased by 1.12% [2] - Excavator sales in October reached 18,100 units, a year-on-year increase of 7.77%, with domestic sales at 8,500 units (up 2.44%) and exports at 9,600 units (up 12.9%) [2] - Loader sales in October totaled 10,700 units, reflecting a year-on-year growth of 27.7%, with domestic sales at 5,400 units (up 33.2%) and exports at 5,300 units (up 22.6%) [2] - The engineering machinery industry is expected to maintain a stable recovery trend due to ongoing demand for upgrades and the commencement of large-scale projects [2] Group 2: Investment Recommendations - Recommended companies in the engineering machinery sector include SANY Heavy Industry, Zoomlion, XCMG, Liugong, Shantui, and Hengli Hydraulic [4] - In the general equipment sector, recommended companies include Anhui Heli, Hangcha Group (forklifts), Haitan Precision, Haomai Technology, and Neway Valve (machine tools) [4] - For humanoid robots, focus on high-tech barriers and high-value segments with low domestic production rates, such as assembly (Top Group, Sanhua Intelligent), PEEK structural parts (Weike Technology, Fosa Technology), and sensors (Hanwei Technology, Riying Electronics) [5]