机械行业事件点评：10月我国叉车销量约9.9万台，同比增长0.4%

Investment Rating - The industry investment rating is maintained as "Buy" [2] Core Insights - In October, China's forklift sales reached approximately 99,000 units, showing a year-on-year growth of 0.4% [4][5] - The report highlights a decline in domestic sales of forklifts, with a 6.0% decrease, while exports increased by 12.7% [4][5] - The report anticipates a gradual stabilization of domestic demand for construction machinery, supported by fiscal and monetary policy adjustments [5][35] Summary by Sections Industry Performance - The mechanical equipment sector has shown a relative performance of -5.7% over the last three months compared to the CSI 300 index [3] - Absolute returns for the sector were 9.2% over the same period [3] Sales Data - In October, various types of cranes saw mixed performance: - Sales of automotive cranes were 1,237 units, down 15.0% year-on-year, with domestic sales dropping 46.7% [4] - Sales of truck-mounted cranes increased by 10.6% year-on-year, with domestic sales up 23.8% [4] - Tower crane sales fell significantly, with a 71.9% year-on-year decline, marking a historical low [4] Future Outlook - The report suggests that with the government's commitment to enhance fiscal and monetary policies, there is potential for recovery in the construction machinery sector [5][35] - The overseas market presents significant growth opportunities as domestic companies expand their international presence [5][35] - Key companies to watch include Zhejiang Dingli, Zoomlion, XCMG, Anhui Heli, and Hangcha Group, which are leaders in the segments of aerial work platforms, lifting machinery, and forklifts [5][35]