先进制造行业周报：华为鸿蒙生态迈向新阶段 9月全球发布会助力生态扩张-20250901

Investment Rating - The industry investment rating is "Overweight" [3][15]. Core Insights - Huawei's HarmonyOS ecosystem is entering a new phase, with a global activation of over 1 billion devices, positioning it as the third-largest mobile operating system [6][8]. - The report emphasizes the importance of focusing on key companies within the HarmonyOS ecosystem, such as Zhidu Software, Softcom Power, and Huawei's partners [6]. - The humanoid robot industry is expected to see a cumulative demand of approximately 2 million units by 2030, indicating a significant growth opportunity [6][11]. - The report highlights the acceleration of N-type penetration in the photovoltaic equipment sector, suggesting a favorable outlook for leading companies in this space [6][12]. - Energy storage is identified as a critical component for new energy grids, with favorable policies enhancing industry prospects [6][12]. - The semiconductor equipment market is projected to reach $140 billion by 2030, with a growing share from mainland China, although the domestic production rate remains low [6][13]. - The automation sector is expected to grow from a market size of approximately 40 billion to 55.7 billion by 2026, benefiting from increased concentration and import substitution [6][13]. - Hydrogen energy, particularly green hydrogen, is aligned with carbon neutrality goals, with rapid development in photovoltaic and wind energy laying the foundation for hydrogen production [6][12]. - The engineering machinery sector is characterized by strong players, with recommendations to focus on leading companies with product, scale, and cost advantages [6][12]. Summary by Sections Humanoid Robots - The humanoid robot industry is entering a critical growth phase, with a projected demand of around 2 million units by 2030 [6][11]. - Key supply chains include Tesla, Huawei, and others, with specific companies recommended for investment [11]. Photovoltaic Equipment - N-type technology is gaining traction, enhancing the competitive edge of leading firms [6][12]. - The overall price structure of the photovoltaic industry is shifting downward, focusing on cost and efficiency improvements [12]. Energy Storage - Significant policy support is driving growth in both generation-side and user-side energy storage [6][12]. - Companies like Xingyun and Kexin are highlighted for their strategic partnerships and product offerings in the energy storage sector [12]. Semiconductor Equipment - The semiconductor equipment market is expected to double in the next decade, with a projected demand of $140 billion by 2030 [6][13]. - The report emphasizes the need for increased domestic production capabilities [13]. Automation - The automation market is projected to grow significantly, with a focus on industrial consumables and the potential for leading companies to capture market share [6][13]. Hydrogen Energy - Green hydrogen is seen as a viable solution for carbon neutrality, with recommendations for companies involved in the hydrogen production chain [6][12]. Engineering Machinery - The report suggests focusing on leading companies in the engineering machinery sector, which are expected to maintain their competitive advantages [6][12].