机械设备行业双周报：擎天柱年底或明年初迎重大更新

Investment Rating - The report maintains a standard rating for the mechanical equipment industry [2] Core Insights - The mechanical equipment industry experienced a bi-weekly decline of 1.17%, outperforming the CSI 300 index by 1.03 percentage points, ranking 8th among 31 industries [7] - Year-to-date, the mechanical equipment sector has declined by 11.67%, underperforming the CSI 300 index by 13.55 percentage points, ranking 18th among 31 industries [7] - The report highlights a recovery in domestic demand for excavators, with positive growth in internal sales data for three consecutive months [48] Summary by Sections 1. Market Review - As of June 21, 2024, the mechanical equipment industry has seen a bi-weekly decline of 1.17% and a monthly decline of 5.43% [7] - The sector's year-to-date performance shows a decline of 11.67% [7] - Among the five sub-sectors, the rail transit equipment II sector had the smallest decline at 0.42% [9] 2. Sector Valuation - The current PE TTM for the mechanical equipment sector is 23.69 times, with sub-sectors showing varying PE ratios [16] - The general equipment sector has a PE of 27.15 times, while the automation equipment sector has the highest at 32.91 times [16] 3. Data Updates - The top three stocks in the mechanical equipment sector for bi-weekly gains were Chongde Technology, Jiuling Technology, and Yanmai Technology, with gains of 50.25%, 36.63%, and 36.03% respectively [12] - The top three stocks for bi-weekly losses were Green Harmony, Wanda Bearings, and Huicheng Vacuum, with losses of 20.05%, 18.07%, and 15.27% respectively [14] 4. Industry News - Tesla announced a significant update for its Optimus robot, expected to begin mass production by the end of this year or early next year [44] - The EU announced preliminary anti-dumping duties affecting several companies, with Zhejiang Dingli facing a rate of 31.3% [44] 5. Company Announcements - China CNR announced contracts totaling approximately 436.2 billion RMB for various projects, including urban rail vehicle sales and maintenance [46] - Lihexing received a bid notification for a project worth approximately 1.23 billion RMB in the new energy vehicle sector [47] 6. Weekly Insights - The report suggests focusing on companies like Huichuan Technology and Green Harmony due to their strong market positions and growth potential [48] - The engineering machinery sector is showing signs of recovery, with positive trends in domestic sales [48]