机械：Optimus手部新进展；华为入局人形机器人

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry [5]. Core Insights - The mechanical industry is experiencing a recovery in manufacturing sentiment, with the manufacturing PMI rising to 50.1% in October, indicating a return to expansion [2][44]. - Manufacturing investment has shown a cumulative year-on-year growth of 9.3% as of October, with significant contributions from high-tech industries [2][43]. - The report highlights the importance of large-scale equipment updates and energy-saving renovations as key drivers of investment opportunities in 2024 [4]. Summary by Sections 1. Industry Overview - The mechanical industry is a foundational sector within manufacturing, with a diverse range of products and applications across various downstream industries such as real estate, infrastructure, and automotive [17][18]. 2. Manufacturing PMI and Investment Trends - The manufacturing PMI for October is reported at 50.1%, up from 49.8% in the previous month, indicating improved economic conditions [2][44]. - Fixed asset investment (excluding rural households) reached a cumulative total of 42.3 trillion yuan, with a year-on-year growth rate of 3.4% [19][24]. 3. Key Developments in Robotics - Tesla's Optimus robot has achieved significant advancements with a new dexterous hand featuring 22 degrees of freedom (DOF), nearing mass production [3]. - Huawei has entered the humanoid robotics sector, signing partnerships with 16 robotics companies to develop key technologies [3]. 4. Investment Recommendations - The report suggests focusing on investment opportunities arising from large-scale equipment updates, overseas expansion of equipment, and the application of AI in humanoid robotics and automation [4]. - The core investment portfolio for November includes companies such as Lianying Laser, XCMG, and CRRC [4]. 5. Market Performance - The report notes that the mechanical equipment sector's overall valuation has rebounded, although there are significant disparities across different segments [12][43].