机械行业周报：出口稳步增长，低空加速发展-20260107

Investment Rating - The report maintains a "Recommended" investment rating for the industry [7]. Core Insights - The mechanical industry is experiencing steady growth in exports and is positioned well for future development, particularly in the low-altitude economy sector, which is being supported by government policies and strategic initiatives [3][4]. - The report highlights that domestic leading enterprises in the mechanical sector maintain strong competitive advantages, with a positive outlook for the engineering machinery industry [4]. Weekly Market Review - From December 28, 2025, to January 2, 2026, the Shanghai Composite Index rose by 0.13%, while the Shenzhen Component Index fell by 0.58%, and the ChiNext Index decreased by 1.25%. The Shenwan Mechanical Equipment Index increased by 1.32%, outperforming the CSI 300 Index by 1.91 percentage points, ranking 5th among 31 Shenwan first-level industries [12]. - Within sub-sectors, the Shenwan General Equipment, Specialized Equipment, Engineering Machinery, and Automation Equipment indices rose by 2.86%, 0.02%, 0.40%, and 1.96%, respectively, while the Rail Transit Equipment II index fell by 0.60% [12][15]. Key Sector Tracking - The low-altitude economy sector is being positioned as a new pillar industry, with significant policy support from the Ministry of Industry and Information Technology, which aims to enhance innovation across the entire industry chain [3]. - The report indicates that the rental rate index for lifting work platforms was 653 points in November 2025, slightly down by 2.8% month-on-month but up by 4.7% year-on-year, with most models showing a year-on-year increase [4]. Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huasheng Group, and Nairui Radar. In the complete machine sector, focus on companies like Wanfeng Aowei, Yihang Intelligent, and Zongheng Co. [5]. - In the mechanical equipment sector, recommended companies include Juxing Technology, Quanfeng Holdings, and Nine Company for the export chain, and Sany Heavy Industry, XCMG Machinery, and Anhui Heli for the engineering machinery sector [5].