机械设备行业跟踪周报：推荐基本面困境反转、固态电池催化的锂电设备板块-20250622

Investment Rating - The report maintains an "Overweight" rating for the mechanical equipment sector [1] Core Insights - The solid-state battery industry is accelerating towards commercialization, with equipment manufacturers being the primary beneficiaries. The Ministry of Industry and Information Technology plans to establish a standard system for solid-state batteries by 2025, with significant investments already made in R&D [2] - The forklift industry shows strong growth, with May sales reaching 123,000 units, a year-on-year increase of 12%. The demand for large forklifts is particularly strong, indicating a robust outlook for leading companies in Q2 [3] - The engineering machinery sector is witnessing a recovery in non-excavator sales and exports, with May excavator sales at 18,202 units, a 2.12% increase year-on-year. The sector is currently undervalued, presenting investment opportunities [4] Summary by Sections Lithium Battery Equipment - Solid-state battery commercialization is accelerating, benefiting equipment suppliers. Key players include: - Xian Dao Intelligent: Offers a complete solution for solid-state battery manufacturing [2] - Yinghe Technology: Recently delivered core solid-state battery equipment to a leading domestic battery company [2] - Huaya Intelligent: Signed an agreement for a 200MWh solid-state battery production line project [2] - Investment recommendations focus on solid-state battery equipment suppliers like Xian Dao Intelligent and laser welding equipment manufacturers [2] Forklift Industry - May forklift sales reached 123,000 units, with domestic sales at 79,000 units (up 9%) and exports at 44,000 units (up 17%). The demand for large forklifts is particularly strong, indicating a positive outlook for leading companies in Q2 [3] - Key players include Anhui Heli, Hangcha Group, and Zhongli Group, which are actively pursuing smart logistics solutions [3] Engineering Machinery - May excavator sales were 18,202 units, with a slight year-on-year increase. The sector is seeing a recovery in non-excavator sales and exports, with a 9% increase in export value for engineering machinery in the first five months of 2025 [4] - Recommended stocks include Sany Heavy Industry, XCMG, and LiuGong, as the sector is currently undervalued [4] General Recommendations - The report suggests a focus on companies with strong growth potential in the solid-state battery and engineering machinery sectors, highlighting the importance of technological advancements and market demand [2][4]