国金证券：看好燃气轮机、农机和人形机器人

Group 1 - Siemens Energy has raised its gas turbine production target, expecting capacity to increase from 17 GW in fiscal year 2024 to over 30 GW by 2028-2030, indicating strong demand for gas turbines and reliance on upstream core components like turbine blades [3] - The domestic leader in turbine blades, Yingliu Technology, is expected to see sustained high growth in orders from Siemens Energy as their collaboration deepens [3] - In October, tractor production data remained stable, with large and medium tractor outputs at 7,017 and 14,886 units respectively, showing a year-on-year change of -3.6% and +1.6%, while corn prices have rebounded to a year-on-year growth of over 3%, signaling a recovery in agricultural machinery demand [3][4] Group 2 - The robotics sector is approaching a pivotal moment with the completion of Yushu Technology's IPO guidance and Tesla's expected mass production next year, suggesting significant investment opportunities [4] - Companies positioned in the core components of the robotics supply chain are anticipated to see upward valuation adjustments as mass production nears, with a focus on firms like Hengli Hydraulic and Shuanghuan Transmission [4] - The mechanical equipment sector has shown varied performance, with the SW Machinery Equipment Index down 4.78% over the past week but up 25.58% year-to-date, indicating a mixed outlook across different segments [2]