国泰海通｜机械：航天科技集团推进商业航天进展，核聚变能科技与产业大会顺利召开

Group 1 - The mechanical equipment index experienced a growth of +2.10% during the week of January 12-16, 2026, indicating a positive trend in the sector [1] - China Aerospace Science and Technology Corporation announced its commitment to advancing commercial spaceflight and achieving breakthroughs in reusable rocket technology in 2026, emphasizing the integration of major aerospace projects with industrial transformation [1] - The company plans to optimize its industrial layout and structure, focusing on the development of commercial aerospace and low-altitude economy, while also enhancing international market expansion [1] Group 2 - The 2026 Nuclear Fusion Energy Technology and Industry Conference was held in Hefei, where significant procurement projects and fusion laboratory agreements were signed, showcasing the deep integration of industry and capital [2] - In December 2025, excavator sales reached 23,095 units, a year-on-year increase of +19.2%, with exports contributing significantly to this growth [2] - The construction machinery sector maintained high growth in December 2025, with loader sales increasing by +30.0% year-on-year, and exports of loaders rising by +41.5% [2]