12月制造业PMI重回扩张区间！机床ETF（159663）上涨0.19%，中钨高新涨4.63%

Group 1 - The A-share market showed mixed performance on January 6, with the Shanghai Composite Index rising by 0.86%, while sectors such as precious metals, insurance, and basic metals performed well, while communication equipment and forestry sectors faced declines [1] - The machine tool sector exhibited divergence, with the machine tool ETF (159663) increasing by 0.19%. Notable individual stocks included Tungsten High-Tech rising by 4.63%, Greentech Harmony by 3.88%, Xiamen Tungsten by 3.10%, Haimeixing by 2.98%, and Xinjie Electric by 2.13% [1] Group 2 - According to the China Machine Tool Industry Association, the machine tool industry in China achieved a cumulative operating revenue of 942.1 billion yuan from January to November 2025, reflecting a year-on-year growth of 1.3%. Within this sector, the revenue from metal cutting machine tools grew by 10.5% year-on-year [3] - Jianghai Securities indicated that multiple factors, including steady domestic economic recovery, ongoing stimulus policies such as trade-in programs, accelerated development of emerging industries, and stable demand from overseas markets, will continue to release downstream market demand, thereby enhancing companies' willingness to invest in equipment [3] - The machine tool ETF (159663) closely tracks the CSI Machine Tool Index, which encompasses a critical segment of China's manufacturing industry—high-end equipment manufacturing, including laser equipment, machine tools, robots, and industrial control equipment. This sector is central to the implementation of innovation-driven and industrial upgrading practices [3]