工信部提出培育壮大新质生产力，特斯拉Optimus实现新突破

Investment Rating - The report maintains an "Outperform" rating for the mechanical industry [2]. Core Insights - The Ministry of Industry and Information Technology (MIIT) emphasizes the need to cultivate new productive forces in low-altitude economy and intelligent manufacturing, aiming to support enterprises in expanding markets and enhancing vitality [2][10]. - In September 2024, the sales data for major products in the engineering machinery sector showed mixed results, with some categories experiencing growth while others faced declines [11]. Summary by Sections Market Review - During the week of October 14-18, 2024, the ChiNext Index rose by 4.49%, while the CSI 300 increased by 0.98%. The mechanical equipment sector (Shenwan) outperformed the CSI 300 by 3.12 percentage points, with a sector P/E ratio of 28.89 [6][7]. Industry and Company News - The MIIT plans to introduce measures to promote consumption and expand domestic demand, focusing on low-altitude applications and intelligent manufacturing [10][11]. - In September 2024, various types of machinery showed different sales trends: - Sales of graders remained stable at 520 units, with domestic sales up by 36.8% to 93 units [11]. - Sales of truck cranes fell by 22.4% year-on-year, with domestic sales down by 49.9% [11]. - Forklift sales increased by 6.06%, with domestic sales down by 5.32% [11]. Key Data Tracking - The report highlights the increase in operating hours for Komatsu excavators in China, which rose by 6.9% year-on-year in September 2024, indicating a positive trend in construction activity [12]. - The report also notes that from January to September 2024, the national railway transported 3.33 billion passengers, a 13.5% increase year-on-year, reflecting robust growth in the transportation sector [12].