机械设备行业周报：关注检测行业收购整合，期待机器人研发进展

Investment Rating - The report assigns an "Overweight" rating for the mechanical equipment industry, indicating that it is expected to outperform the CSI 300 index by at least 10% over the next six months [31]. Core Insights - The mechanical equipment industry is experiencing significant developments, particularly in the detection services and rail transit equipment sectors, with strategic acquisitions and expansions being highlighted [3][12]. - The CES 2026 showcased a diverse range of AI hardware and robotics, emphasizing the importance of vertical applications and the collaborative growth of the ecosystem [14][27]. - Investment opportunities are identified in three main areas: commercialization progress of whole machine enterprises, high-barrier core incremental components, and platform manufacturing companies with global response capabilities [27]. Summary by Sections Detection Services - SGS Group announced the acquisition of Panacea Infosec to enhance its capabilities in payment security and information assurance, aiming for an additional revenue of at least 200 million Swiss francs by 2027 [9]. - Lianjian Technology plans to acquire a 55% stake in Zhongding Testing for 101 million yuan, strengthening its position in the consumer goods and food testing sector [10]. - Guangdian Measurement has received approval for a stock issuance to raise up to 1.3 billion yuan for various projects, including testing platforms for aerospace and AI chips [11]. Rail Transit Equipment - The national railway is set to upgrade its transport capacity with new lines scheduled for production in 2026, aiming for a passenger volume of 4.402 billion and freight volume of 4.13 billion tons [12]. - Jinchuan Group expects a significant profit increase for 2025, driven by improved gross margins and increased delivery volumes in high-speed train components [13]. CES 2026 Review - The CES 2026 highlighted the growth of the embodied intelligence industry, with a focus on AI integration in various applications, including industrial and consumer robotics [14][27]. - Key developments include the introduction of open-source AI models by leading companies like NVIDIA, aimed at enhancing robot development efficiency [15]. - Human-shaped robots gained attention, with Chinese companies showcasing advancements in commercial applications and international firms like Boston Dynamics announcing new production plans for their Atlas robot [18][19]. Investment Recommendations - The report suggests tracking the commercialization of robots in industrial engineering and special inspections, as well as the production progress of humanoid robots [27]. - It emphasizes focusing on high-barrier core components, such as high-torque density motors and precision joint modules, which are critical for robotic performance [27]. - Attention is also drawn to platform manufacturing companies that can provide comprehensive services across multiple stages of production [27].