机械行业周报2025年第22周：“格物：致知”通用具身智能开发平台发布，工程机械景气度持续复苏-20250603

Investment Rating - The report maintains a "Buy" rating for the machinery industry, indicating a positive outlook for investment opportunities in the sector [1]. Core Insights - The machinery industry is experiencing a continuous recovery in its economic climate, particularly in the engineering machinery segment, with significant growth in sales and production expected in 2025 [1][13]. - The introduction of the "Ge Wu-Zhi Zhi" general embodied intelligence development platform is expected to accelerate the application and research of humanoid robots, addressing existing challenges in the field [3]. - The report highlights the importance of various sub-industries, including humanoid robots, machine tools, agricultural machinery, and engineering machinery, each showing distinct trends and growth potential [6][7][8][13]. Summary by Relevant Sections Humanoid Robots - The launch of the "Ge Wu-Zhi Zhi" platform aims to enhance the development of humanoid robots by integrating core technologies across operating systems, middleware, and software frameworks [3]. - Companies like Shanghai Aoyi Information Technology and Hefei Zero Point are introducing innovative humanoid robots targeting various applications, including healthcare and hospitality [4][5]. Machine Tools - Japan's machine tool orders showed a mixed performance, with a total order value of 130.206 billion yen in April 2025, reflecting a year-on-year increase of 7.7% [7]. - China's metal cutting machine tool production reached 264,000 units in the first four months of 2025, marking a year-on-year growth of 16.8% [7]. Agricultural Machinery - The agricultural machinery market in China is currently facing challenges, with the Agricultural Machinery Index (AMI) at 47.9% in April 2025, indicating a decline [8]. - Despite the downturn, there is optimism for long-term demand growth in agricultural machinery, particularly for tractors, which have significant export potential [9]. Engineering Machinery - The engineering machinery sector is witnessing a recovery, with excavator sales in April 2025 reaching 22,142 units, a year-on-year increase of 17.6% [13]. - The report suggests that infrastructure investment will remain robust, supporting the demand for engineering machinery in the coming months [13]. Semiconductor Equipment - The report notes that the implementation of reciprocal tariffs is accelerating the domestic substitution of key semiconductor equipment, particularly photolithography machines [16]. - The establishment of the third phase of the National Integrated Circuit Industry Investment Fund, with a registered capital of 344 billion yuan, underscores the government's commitment to advancing the semiconductor industry [17]. New Energy Equipment - The report highlights significant advancements in solar energy projects, including the launch of new production lines for high-efficiency solar cells and modules [18][19]. - The market for photovoltaic components is expected to stabilize as production capacity increases and prices adjust [19]. Low-altitude Economy and EVTOL - The report discusses the government's initiatives to promote the low-altitude economy, including the development of drone delivery systems and infrastructure [20][21]. - The low-altitude economy is anticipated to drive new consumption patterns and stimulate economic growth in various sectors [22].