Century Securities·2025-09-01 00:53Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a focus on companies with strong certainty in the engineering machinery sector and those with brand and new car cycles in the automotive sector [1][2]. Core Insights - The domestic engineering machinery market is under seasonal pressure in August but shows year-on-year improvement, with the China Machinery Index (CMI) at 99.96, up 5.04% year-on-year [2]. - The automotive market shows a year-on-year retail growth of 6% for the week of August 18-24, but a decline of 5% compared to the previous month, indicating potential for growth in September due to promotional activities [2]. - The European inverter market is trending positively, with July exports of 4.8 million units, a 13% year-on-year increase, and export value reaching $938 million, up 15% year-on-year [2]. Summary by Sections Market Overview - The machinery, power equipment, and automotive industry indices rose by +1.01%, +3.99%, and +0.35% respectively from August 25 to August 29, ranking 13th, 5th, and 14th among 31 Shenwan first-level industries [1][7]. Industry News - The engineering machinery market is experiencing a seasonal downturn but is expected to benefit from stable exports and a clear upward trend in domestic market renewal cycles [2]. - The automotive sector is anticipated to grow rapidly in September, driven by trade-in promotions and strong export growth [2]. - The European inverter market remains stable, with high wholesale electricity prices expected to boost demand for solar storage [2]. Company Announcements - Notable companies such as Nuway CNC and Danghong Technology are actively developing products for the humanoid robot sector, indicating a growing market for high-precision CNC machine tools [16][17]. - Companies like Zhejiang Rongtai and Top Group reported significant revenue growth in their half-year reports, reflecting positive trends in their respective sectors [17][18].