Core Insights - The total number of equipment manufacturing enterprises in China has reached 2.46 million as of May 31, 2025, with 71,000 new enterprises established this year [1] - Over 60% of the newly established enterprises are in the high-end equipment manufacturing sector, indicating a positive trend towards the upgrading and transformation of China's manufacturing industry [1] Industry Summary - The equipment manufacturing industry in China is experiencing significant growth, with a notable increase in the number of new enterprises [1] - The shift towards high-end equipment manufacturing reflects the industry's focus on modernization and technological advancement [1]