爱建智能制造周报：宇树科技加速产品降本与应用场景扩展-20250804

Investment Rating - The mechanical equipment sector is rated as "Outperform" compared to the market, with a ranking of 9 out of 31 in the Shenwan first-level industry classification [4][8]. Core Insights - The report highlights the acceleration of product cost reduction and channel expansion by leading robot manufacturers, with a focus on core component suppliers such as Dechang Motor Holdings, Longsheng Technology, and Zhongdali De [2]. - The high demand for computing power continues, with expectations that the release of high-end computing and storage chips will benefit key equipment companies, suggesting a focus on companies like Tuojing Technology, Shengmei Shanghai, and Beifang Huachuang [2]. - Solid-state batteries are moving towards pilot testing and small-scale production, with equipment companies capable of system integration expected to benefit first from early breakthroughs in the industry, recommending attention to companies like Xian Dao Intelligent and Liyuan Heng [2]. Summary by Sections Weekly Market Review - The mechanical equipment sector experienced a decline of 0.76% this week, while the CSI 300 index fell by 1.75%, with laser equipment being the best-performing sub-sector, increasing by 3.72% [4][8]. - The overall valuation of the mechanical equipment sector decreased by 0.85%, with laser equipment and other specialized automation sectors showing slight increases [15][8]. Company Announcements - China CRRC signed contracts worth 32.9 billion yuan from May to July, representing 13.4% of its projected revenue for 2024 [21]. - Strategic cooperation was established between Taotao Automotive and Yushu Technology to explore overseas markets and C-end scenarios [23][27]. Industry Tracking - The humanoid robot sector is seeing a surge in orders, with significant participation from various companies, including Yushu Technology, which has received approximately 240 million yuan in orders this year [24][26]. - The solid-state battery production is expected to ramp up, with CATL planning small-scale production by 2027 and larger-scale production by 2030 [30][32]. Key Industry Data - The manufacturing PMI for July was reported at 49.3, indicating a contraction in the sector [36]. - The production of industrial robots in June increased by 37.9% year-on-year, while service robots saw an 18.3% increase [52][62].