机械设备行业2025政府工作报告点评：聚焦内需+未来产业，看好机器人及工程机械

Investment Rating - The report provides a positive investment outlook for the machinery equipment industry, emphasizing a focus on companies that can benefit from domestic demand recovery and technological advancements [4]. Core Insights - The report highlights that the largest investment theme for 2025 will be the promotion of domestic demand recovery, supported by macroeconomic policies aimed at economic recovery [4]. - It suggests prioritizing companies with self-controllable capabilities and those that can optimize their market positions, particularly in the general equipment sector [4]. - Specific companies to watch include: - General machine tools: Haitan Precision, Neway CNC, Genesis - Five-axis CNC machine tools: Kede CNC - Core components: Huazhong CNC - Tool manufacturers: World, Huarui Precision, Oke Yi [4]. - The report also recommends focusing on sectors with significant growth potential, such as humanoid robots and low-altitude economy, as well as engineering machinery that can benefit from domestic demand recovery [4]. Summary by Sections - Investment Strategy: The report emphasizes the importance of expanding domestic demand and investing in key technologies to drive economic recovery [4]. - Company Recommendations: It identifies specific companies within the machinery equipment sector that are well-positioned to capitalize on these trends [4]. - Future Growth Areas: The report points to emerging sectors like humanoid robotics and engineering machinery as key areas for investment due to their potential for growth [4].