机械设备行业周报（2024年第46周）

Investment Rating - The industry rating is "Outperform the Market" [4][23]. Core Insights - The mechanical equipment industry experienced an overall increase of 7.89% from November 4 to November 8, 2024, with automation equipment showing the highest growth at 15.11% [7][8]. - The passenger car market saw a daily average retail of 137,000 units in the fifth week of October, marking a year-on-year increase of 51% and a month-on-month increase of 27% [16]. - In October 2024, China imported integrated circuits worth $34.26 billion, a month-on-month decrease of 4.8%, while exports of electromechanical products reached $187.98 billion, an increase of 1.9% [17]. Summary by Sections Mechanical Equipment Industry Overview - From November 4 to November 8, the mechanical equipment industry overall rose by 7.89%, ranking sixth among sectors [7]. - The highest increase was in automation equipment at 15.11%, followed by general equipment (7.86%), specialized equipment (7.29%), and rail transit equipment II (4.81%). The smallest increase was in engineering machinery at 1.55% [8]. Industry Data Tracking - In October, the retail of passenger cars totaled 2.361 million units, a year-on-year increase of 16% and a month-on-month increase of 12%. Cumulatively, 17.936 million units were sold this year, reflecting a 4% year-on-year growth [16]. - The import of integrated circuits in October was $34.26 billion, down 4.8% month-on-month, while electromechanical product exports were $187.98 billion, up 1.9% month-on-month [17]. Industry News Announcements - The manufacturing Purchasing Managers' Index (PMI) for October was reported at 50.1%, indicating a slight recovery in manufacturing sentiment [19]. - The "14th Five-Year Plan" for intelligent manufacturing aims to significantly enhance the technology level and market competitiveness of intelligent manufacturing equipment and industrial software by 2025 [19]. - Recent quarterly reports from companies like Huichuan Technology and CRRC showed revenue growth, with Huichuan's revenue at 9.214 billion yuan, up 20.13%, and CRRC's revenue at 152.583 billion yuan, up 6.67% [20].