机械设备行业周报：Figure和1X相继更新机器人产品，智能化水平提升明显-2025-03-05

Investment Rating - The industry investment rating is "Recommended" [3] Core Views - The mechanical equipment sector saw a weekly increase of 7.77%, outperforming the CSI 300 index, with automation equipment and general equipment showing strong performance at +12.06% and +9.03% respectively [3][12] - In January 2025, excavator sales reached 12,500 units, a year-on-year increase of 1.1%, with domestic sales at 5,405 units (down 0.3%) and export sales at 7,107 units (up 2.19%). The domestic market is expected to see significant growth in February due to a low base effect [4][14] - The humanoid robot industry is experiencing rapid development, with recent product launches and improvements in AI capabilities, indicating a positive trend for the sector [5][16] Summary by Sections Market Performance - The mechanical equipment sector outperformed the CSI 300 index with a 7.77% increase, ranking second among 31 industries. The best-performing sub-sectors were automation equipment (+12.06%) and general equipment (+9.03%) [12] - Notable individual stock performances included Double Fly Co. (+70.90%) and Changsheng Bearing (+67.16%) [12] Engineering Machinery - In January 2025, various types of excavators sold totaled 12,500 units, with domestic sales at 5,405 units and exports at 7,107 units. The sector is expected to improve in Q1 2025 due to favorable conditions [4][14][15] - The engineering machinery sector is recommended for investment, particularly in companies like SANY Heavy Industry, XCMG, and Zoomlion due to their improved valuation after previous corrections [15] Humanoid Robots - The humanoid robot sector is witnessing significant advancements, with new product launches from companies like Figure and 1X Technologies, showcasing enhanced AI capabilities and functionality [5][18] - The introduction of low-cost production methods and new models is expected to further drive down costs and increase market penetration [6][13]