机械行业周报：低空经济政策深化，看好工程机械后续发展

Investment Rating - The report maintains a positive outlook on the engineering machinery sector, indicating a recovery in overall industry prosperity [4][5]. Core Insights - The low-altitude economy is gaining traction with policy deepening and accelerated application scenarios, supported by substantial financial backing and technological advancements [3]. - The engineering machinery sector is expected to benefit from easing trade tensions between China and the U.S., with key players showing strong financial performance and confidence in the market [4]. Weekly Market Review - From May 6 to May 9, 2025, the Shanghai Composite Index rose by 1.92%, while the ShenZhen Component Index and the ChiNext Index increased by 2.29% and 3.27%, respectively. The Shenwan Machinery Equipment Index outperformed with a rise of 3.42%, ranking 7th among 31 sectors [2][12]. - Sub-sectors such as general equipment, specialized equipment, and engineering machinery saw increases of 4.55%, 4.67%, and 3.17%, respectively [12][15]. Key Sector Tracking - The low-altitude economy is being integrated into national planning, with cities like Shenzhen and Hefei offering substantial subsidies to promote industrialization [3]. - The engineering machinery sector is witnessing a positive trend, with leading companies like Sany Heavy Industry and XCMG reporting strong growth in revenue and orders [4][30]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, and WanFeng Aowei [5]. - In the machinery equipment sector, focus on companies like Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery investments [5].