机械设备行业跟踪报告：6月工业机器人产量同比延续高增长，服务机器人产量同比增速再提升

Investment Rating - The industry investment rating is "Outperform the Market" indicating a potential increase of over 10% relative to the market index in the next six months [5][20]. Core Insights - In June 2025, China's industrial robot production reached 74,800 units, a year-on-year increase of 37.9%, while the first half of 2025 saw production of 369,300 units, up 35.6% year-on-year. This growth is driven by the expansion of new energy vehicle production, leading to increased demand for welding and assembly robots, as well as recovery in consumer electronics and domestic semiconductor equipment [3][12]. - The service robot sector also showed significant growth, with June 2025 production at 1,478,800 units, a year-on-year increase of 18.3%, and 8,824,500 units produced in the first half of 2025, up 25.5% year-on-year. The rapid development of technology has enhanced the performance and quality of service robots, expanding their application from basic tasks to complex scenarios such as medical procedures and public services [3][16]. Summary by Sections Industrial Robots - China's industrial output maintained stable growth, with a year-on-year increase of 6.8% in June 2025 and 6.4% in the first half of 2025. The industrial production showed a robust recovery, particularly in June [8][11]. - The high growth in industrial robot production indicates that automation and intelligent transformation are driving improvements in industrial efficiency. The industry is transitioning from "scale chasing" to "technology leadership" [12][12]. Service Robots - The service robot industry is experiencing rapid growth, with significant advancements in technology leading to improved performance and quality. The application scenarios are diversifying, meeting increasingly varied demands [3][16]. Investment Recommendations - The report suggests that the Chinese robotics industry is in a historical opportunity period, with domestic brands expected to gain market share. It recommends focusing on leading companies in both complete machines and components that have market advantages and strong performance certainty [3][17].