机械行业周报：低空经济需求清单发布，华为（深圳）全球具身智能产业创新中心成立

Investment Rating - The report maintains a "Recommended" investment rating for the industrial sector [7]. Core Insights - The low-altitude economy is steadily advancing, with significant developments such as the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area Low Altitude Economy Alliance and the release of demand lists for low-altitude applications [4][27]. - The humanoid robot sector is experiencing rapid growth, highlighted by the establishment of Huawei's Global Embodied Intelligence Industry Innovation Center and collaborations with various robotics companies [4][38]. Weekly Market Review - From November 10 to November 15, 2024, the Shanghai Composite Index fell by 3.52%, the Shenzhen Component Index by 3.70%, and the ChiNext Index by 3.36%. The Shenwan Machinery Equipment Index decreased by 4.66%, underperforming the CSI 300 by 1.4 percentage points, ranking 22nd among 31 Shenwan first-level industry indices [3][15]. - Sub-sectors such as general equipment, specialized equipment, rail transit equipment II, engineering machinery, and automation equipment saw declines of -5.51%, -3.74%, -4.71%, -4.40%, and -4.83%, respectively [3][15]. Key Sector Tracking - Low Altitude Economy: The 2024 Low Altitude Equipment Industry Innovation Development Conference focused on technological innovation and development, indicating a promising future for the low-altitude economy [4]. - Humanoid Robots: The humanoid robot industry is catalyzing commercial opportunities, with advancements in product maturity and a growing industrial chain [4]. Investment Recommendations - For the low-altitude economy, recommended companies include: - Infrastructure: Shenzhen Urban Transport, Suzhou Transportation Science and Technology, Huase Group, and Nari Radar - Complete machines: Wan Feng Ao Wei, EHang Intelligent, and Zongheng Co. - Core components: Zongshen Power, Wolong Electric Drive, Ying Liu Co., and Inboer - Air traffic management and operations: CITIC Hainan, Zhongke Xingtu, and Sichuan Jiuzhou [5]. - For humanoid robots, recommended companies include: - Core components: Wuzhou New Spring for screw components, Hengli Hydraulic, Best, and Beite Technology for front-end processing capabilities - Reducers: Leading domestic manufacturers such as Lide Harmonic and Zhongdali De (planetary reducers) - Motors: Jiangsu Leili for hollow cup motors, and others like Mingzhi Electric, Hechuan Technology, Weichuang Electric, and Buke Co. - Sensors: Donghua Testing for strong technical capabilities, and others like Keli Testing and Hanwei Technology for flexible sensor applications [5].