Investment Rating - The report rates the mechanical equipment industry as "stronger than the market" [1] Core Viewpoints - The commercial aerospace industry is expected to reach a turning point in 2026, driven by the deployment of low-orbit satellite constellations, which will lead to a normalization of launch demand. The anticipated breakthroughs in reusable rocket technology will significantly reduce the cost per launch [3][4] - The humanoid robot sector is experiencing a moderate level of trading density, with a focus on core enterprises in the T-chain as the Optimus V3 production approaches [3] - The PCB equipment sector is expected to see sustained demand for high-layer and HDI boards, with companies like Dazhong CNC and Shenghong Technology expanding their production capacity [4] Summary by Sections Mechanical Equipment Industry - The mechanical equipment sector outperformed the Shanghai and Shenzhen 300 Index, with a weekly increase of 1.91% [6] - The sub-sectors with the highest PE-TTM increases include other automation (+9.81%), metal products (+8.69%), and instruments and meters (+6.12%) [4][6] Commercial Aerospace - Key companies to watch include Yingliu Co., Ltd. (603308), Srey New Materials (688102), and West Materials (002149) [4] - The report emphasizes the urgency for China to enhance its low-orbit satellite construction and launch pace due to the competitive landscape [3] Humanoid Robots - Recommended companies include Sanhua Intelligent Control (002050) and Delta Electronics (00179), with a focus on the core suppliers as the Optimus V3 is set to launch [3] PCB Equipment - Companies such as Xinqi Microelectronics (688630) and Dazhong CNC (301200) are highlighted for their strong performance and capacity expansion in high-end PCB production [4] Controlled Nuclear Fusion - The report recommends Guoji Heavy Industry (601399) and suggests paying attention to Hezhu Intelligent (603011) due to the expected acceleration in procurement for fusion projects [5]
智能制造行业周报（2026、01、12-2026、01、16）：看好2026年中国商业航天产业拐点确立-20260120
Shanghai Aijian Securities·2026-01-20 10:19