机械设备行业周报：特斯拉OPTIMUS再升级；财政政策利好工程机械内需修复

Investment Rating - The report assigns an investment rating of "Recommended" for the mechanical equipment industry [1][18]. Core Insights - The mechanical equipment sector experienced a decline of 5.11% last week, underperforming compared to the CSI 300 index, which fell by 3.25% [4]. - In September 2024, excavator sales reached 15,800 units, marking a year-on-year increase of 10.8%. Domestic sales accounted for 7,610 units, up 21.5%, while export sales were 8,221 units, up 2.51% [6][7]. - Tesla's humanoid robot, Optimus, showcased significant advancements in intelligence and flexibility during its recent launch event, with expectations for major hardware updates by late 2024 or early 2025 [8]. Summary by Sections Industry Performance Review - The mechanical equipment sector ranked 15th among 31 primary industries, with all sub-sectors showing declines. The smallest decline was in rail transit equipment at -2.40% [4]. - The report highlights that the domestic market is showing signs of recovery, driven by demand for small excavator replacements and a gradual improvement in the export market [6][7]. Industry Outlook - The report emphasizes the potential for recovery in the engineering machinery sector, supported by fiscal policies aimed at infrastructure and real estate [6][7]. - The humanoid robot segment is expected to see continued advancements, with a focus on the performance and structural design of Tesla's new robot [8]. Company Information Tracking - LiuGong (000528) anticipates a net profit of 1.239 to 1.405 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 50% to 70% [9]. Key Data Tracking - The report includes various data points related to excavator sales and market trends, indicating a positive trajectory for the domestic and export markets [10][12].