机械工业行业周报：CME预估10月挖掘机销量约为同比+10%，丰田联手波士顿动力造人形机器人

Investment Rating - The report maintains an "Outperform" rating for the mechanical industry [1]. Core Insights - The mechanical equipment sector has shown a positive cumulative excess return of +2.29 percentage points relative to the Shanghai Composite Index for the week of October 21 to October 25, 2024, ranking eleventh among all sectors [9]. - Year-to-date, the mechanical equipment sector has a cumulative excess return of -9.69 percentage points [9]. - Japan's machine tool orders to China increased by 40.1% year-on-year, indicating strong demand in the Chinese market [2]. - The industrial gas sector is experiencing price increases, with liquid oxygen averaging 398 RMB/ton, a 2.05% increase week-on-week [2]. - The construction machinery sector is projected to see a 10% year-on-year increase in excavator sales for October 2024, with domestic sales up nearly 18% [4]. Summary by Sections Machine Tools - Japan's orders for machine tools to China rose by 40.1% year-on-year, while orders from the U.S. and Europe declined significantly [2]. Industrial Gases - Hangzhou Oxygen Group successfully shipped its first liquid hydrogen storage tank, marking a significant breakthrough in liquid hydrogen storage and transportation [2]. Rail Transit Equipment - CRRC Times Electric's low-voltage power device project has been completed, with an annual production capacity of 500,000 IGBT modules aimed at the new energy vehicle market [3]. Forklifts - Hangcha Group reported a 21.20% year-on-year increase in net profit for the first three quarters of 2024, driven by accelerated global market expansion [3]. Robotics - Toyota is collaborating with Boston Dynamics to develop humanoid robots, while Zongqing Robotics launched its new SE01 humanoid robot [4]. Engineering Machinery - The construction machinery sector's trade volume increased, with a projected 10% rise in excavator sales for October 2024 [4]. Lithium Battery Equipment - The first domestic production line for all-solid-state lithium batteries has commenced operations, with an annual capacity of approximately 0.2 GWh [5]. Shipbuilding - China's shipbuilding industry showed growth in all three major indicators for the first three quarters of 2024, with a completion volume increase of 18.2% year-on-year [5]. Photovoltaic Equipment - Prices for polysilicon and battery cells remained stable, while silicon wafer prices saw a 4% decrease [5]. Export Chain - The Chinese export container freight index (CCFI) showed a comprehensive index of 1366.40, reflecting a year-on-year increase of 68.38% [6].