机械设备行业跟踪周报：强推装备出海确定性强份额低的油服设备-20250608

Investment Rating - The report maintains an "Overweight" rating for the mechanical equipment industry [1] Core Insights - The oil service equipment sector is experiencing rapid growth in exports to the Middle East, driven by China's increasing foreign investments in energy projects, with a cumulative investment of $50.28 billion from 2020 to 2024 in six countries [2] - The lithium battery equipment sector is benefiting from the release of impairment risks and accelerated production expansion, particularly with major players like CATL increasing their production capacity [3] - The humanoid robot sector is seeing advancements with the launch of second-generation electronic skin and accelerated mass production of Tesla's Optimus robot [4] - The engineering machinery sector is witnessing a decline in domestic excavator sales but a recovery in non-excavator machinery, indicating potential investment opportunities due to low valuations [5] - The forklift industry is undergoing a transformation towards automation and intelligence, driven by AI advancements [6] Summary by Sections Oil Service Equipment - China's foreign investment in the energy sector is projected to drive significant growth in oil service equipment exports, particularly to the Middle East, with leading companies like Jereh and Neway experiencing explosive order growth [2] Lithium Battery Equipment - The sector has accounted for a total impairment provision of 5.7 billion yuan, with major expansions planned by CATL, including a new factory in Hungary with a total capacity of 72GWh [3] - Solid-state battery technology is emerging as a key growth area, with companies like Xian Dao Intelligent expected to benefit significantly [3] Humanoid Robots - The introduction of advanced electronic skin technology enhances the capabilities of humanoid robots, while Tesla's Optimus robot is moving towards mass production [4] Engineering Machinery - Despite a decrease in excavator sales, there is a notable recovery in other machinery segments, with exports showing a 9% increase in the first four months of 2025 [5] Forklift Industry - The integration of AI in logistics is accelerating the shift towards automated and intelligent forklifts, with significant opportunities for leading companies in the sector [6]