Core Viewpoint - The overall performance of the stock market showed a slight decline, with the Shanghai Composite Index dropping by 0.07% while remaining above the 3900-point mark. However, the engineering machinery sector experienced significant gains, indicating a positive outlook for this industry driven by increasing demand and export growth [1]. Industry Summary - The engineering machinery sector saw a notable increase in stock prices, with key companies like Iron Tuo Machinery, Wanda Bearings, and Fushite rising over 10%. The construction machinery sector also performed well, with Southern Road Machinery hitting the daily limit [1]. - According to the China Construction Machinery Industry Association, the import and export trade volume of China's engineering machinery reached $5.505 billion in September 2025, marking a year-on-year growth of 29.1%. The import value was $234 million, up 18.5%, while the export value was $5.271 billion, reflecting a 29.6% increase [1]. - Zheshang Securities noted that the upward trend in engineering machinery exports is expected to continue, driven by increased market share of domestic manufacturers overseas. The domestic market is benefiting from rising demand in agriculture, forestry, and municipal sectors, as well as ongoing needs for mining and water conservancy machinery [1].