机械行业周报：10月我国制造业重回扩张区间，国内首台超轻量级人形机器人发布

Investment Rating - The report maintains an "Outperform" rating for the mechanical industry [3]. Core Insights - In October, China's manufacturing sector returned to the expansion zone with a PMI of 50.1%, indicating a recovery in manufacturing activity [10][11]. - The total investment in major projects reached 774.963 billion yuan in September, with a year-on-year increase of 3.4% in fixed asset investment [12][13]. - The first ultra-lightweight humanoid robot, "Gongga No. 1," was launched in Chengdu, showcasing significant advancements in robotics technology [15][16]. Summary by Sections Market Review - During the week of October 28 to November 1, 2024, the ChiNext Index fell by 5.14%, while the CSI 300 Index decreased by 1.68%. The mechanical equipment sector experienced a slight decline of 0.05%, outperforming the CSI 300 by 1.63 percentage points [7][8]. - As of November 1, 2024, the price-to-earnings ratio for the mechanical equipment sector was 29.38 times [7]. Industry and Company News - The manufacturing PMI for October was reported at 50.1%, reflecting a 0.3 percentage point increase from the previous month, indicating a recovery in manufacturing sentiment [10][11]. - The production index was at 52.0%, showing an increase of 0.8 percentage points, while the new orders index remained at the critical point of 50.0% [11]. - The first ultra-lightweight humanoid robot, "Gongga No. 1," was launched, weighing only 25 kg and achieving several industry records, including the highest load-to-weight ratio [15][16]. Key Data Tracking - In the first three quarters of 2024, fixed asset investment (excluding rural households) reached 378.978 billion yuan, with manufacturing investment growing by 9.2% year-on-year [12][13]. - The rental rate index for lifting platforms in September 2024 was 627 points, reflecting a month-on-month decrease of 2.3% and a year-on-year decrease of 11.7% [14][15].