机械设备行业：西部鼓励类产业目录更新，促进相关领域机械设备发展

Investment Rating - The industry rating is Neutral (maintained) [2] Core Viewpoints - The updated "Encouraged Industries Directory for the Western Region" is expected to stimulate the development of related mechanical equipment sectors, with significant policy support for emerging industries [1][2] - The previous version of the directory has shown positive results, with tax reductions amounting to 400 billion yuan from 2021 to 2023, attracting both domestic and foreign investments in the western region [1] - The new directory includes updates that will drive growth in various sectors, including machinery and equipment manufacturing, particularly in regions like Chongqing, Sichuan, Guizhou, and Yunnan [1] Summary by Sections Industry Performance - Over the past twelve months, the industry has shown a relative return of 5.17% in the last month, 14.12% in the last three months, and a decline of 6.46% over the last twelve months [2] Investment Suggestions - It is recommended to pay attention to listed companies related to the mechanical equipment products mentioned in the new directory [1]