机械工业行业信息点评：财政政策逆周期调节加力，重点关注顺周期、地产基建相关机遇

Investment Rating - The report suggests a positive outlook for the industrial economy under a loose policy environment, recommending a focus on cyclical sectors and real estate infrastructure [5]. Core Viewpoints - The report emphasizes the importance of fiscal policy adjustments to stimulate economic growth, highlighting four key policy measures aimed at supporting local governments, banks, real estate, and consumer protection [4][5]. - Specific sectors to watch include cyclical industries such as industrial gases, precision tools, laser cutting systems, machine tools, and construction machinery [5]. Summary by Sections Fiscal Policy Measures - The report outlines four main fiscal policy measures: 1. Increased debt limits for local governments to address hidden debt risks [4]. 2. Issuance of special government bonds to support state-owned banks in enhancing their capital base [4]. 3. Utilization of special bonds and tax policies to stabilize the real estate market [4]. 4. Enhanced support for vulnerable groups to boost overall consumption [4]. Sector Recommendations - The report identifies specific companies within cyclical sectors to consider for investment, including: - Industrial gases: Hangzhou Oxygen [5]. - Precision tools: Huari Precision, Oke Yi [5]. - Machine tools: Haitai Precision, Nuwei CNC, and others [5]. - Construction machinery: Sany Heavy Industry, Zoomlion, and others [5].