机械设备行业周报（2024年第39周）

Investment Rating - The industry rating is "Outperform the Market" (maintained) [4] Core Insights - The mechanical equipment industry experienced an overall increase of 1.58% from September 16 to September 20, 2024, with engineering machinery showing the highest growth at 3.85% [2][8] - The domestic average daily sales of passenger cars reached 63,000 units during the week of September 9 to September 15, 2024, marking a year-on-year increase of 26% [3][17] - In August 2024, China's imports of integrated circuits amounted to $33.08 billion, reflecting a year-on-year increase of 11.7% [20] Summary by Sections 1. Industry Overview - From September 16 to September 20, the mechanical equipment industry saw a rise of 1.58%, ranking 15th among sectors [2][8] - The highest increase was in engineering machinery at 3.85%, followed by specialized equipment (+1.78%), general equipment (+0.94%), and automation equipment (+0.77%). The rail transit equipment II sector had the smallest increase at 0.27% [2][8] 2. Industry Data Tracking - The average daily sales of passenger cars in China were 63,000 units for the week of September 9 to September 15, 2024, a 26% increase year-on-year [3][17] - For the first half of September, retail sales of passenger cars reached 828,000 units, up 18% year-on-year [3][17] - In August 2024, the total retail sales of automobiles amounted to 394.3 billion yuan, showing a year-on-year decrease of 7.3% but a month-on-month increase of 3.8% [3][17] 3. Industry News Announcements - In August, the total working hours of engineering machinery in China increased by 4.4% month-on-month, with a national operating rate of 50.01% [4][24] - The domestic sales of excavators in September are estimated to be around 7,300 units, with a year-on-year growth of nearly 17% [4][24] - The overall sales of excavators in China for the first nine months of 2024 are expected to show a year-on-year decline of about 1%, with domestic sales increasing over 8% [4][24]