《工作方案》明确从供需两侧协同发力、多措并举推动机械行业稳定运行，提出3方面14项重点任务。 一是全方位扩大装备有效需求，提出进一步激活存量需求潜力，大力培育新需求，持续扩大有效投资， 推动经济社会绿色转型和产业数字化智能化升级，稳定外贸基本盘。二是提升优质装备供给能力，提出 加快推动科技创新和产业创新深度融合，培育发展新质生产力，着力提高重点产业链供应链韧性和安全 水平，加快发展智能装备和智慧服务，提升质量水平和品牌影响力。三是激发行业增长活力，提出持续 完善产业发展生态环境，优化空间布局，不断提升服务企业的能力和水平，加快培育世界一流装备企 业，推动中小企业专精特新发展。 央视网消息：据工业和信息化部网站消息，近日，工业和信息化部等六部门联合印发《机械行业稳增长 工作方案（2025—2026年）》，提出2025—2026年力争机械行业营业收入平均增速达到3.5%左右，到 2026年营业收入突破10万亿元，培育一批具有竞争力的中小企业特色产业集群和具有国际竞争力的产业 集群等目标。 ...

智通财经APP获悉，9月29日，工业和信息化部等六部门发布关于印发《机械行业稳增长工作方案(2025—2026年)》的通知。其中提到，2025—2026年，机械 行业运行保持平稳向好态势，重点产业链供应链韧性和安全水平持续提升，发展质量效益迈上新台阶，力争营业收入年均增速达到3.5%左右，营业收入突 破10万亿元。重点细分行业规模稳中有升，新质生产力加快培育，企业竞争力进一步增强，优质装备供给能力显著提高，培育一批具有竞争力的中小企业特 色产业集群和具有国际竞争力的产业集群。 其中提到，落实好首台(套)重大技术装备推广应用相关政策，组织开展"工业母机+"百行万企产需对接活动、"机器人+"应用行动，加快创新成果规模化应 用。编制工业母机、机器人、仪器仪表等应用推广目录，推动智能制造装备在汽车、电子信息、航空航天、船舶与海洋工程、轨道交通、清洁能源、农业、 建筑、采掘等领域规模化应用。 海关总署 市场监管总局 其中还提到，实施智能装备创新发展工程，加强通用大模型和机械行业大模型研发，推动人工智能、量子科技、先进材料、北斗导航等新兴技术与装备融合 创新。面向国防军工和国家战略需求，突破一批工业母机、智能仪器仪表、智 ...

六部门印发《机械行业稳增长工作方案（2025—2026年）》。《方案》提出，推动产业数字化转型智能 化升级。落实数字中国建设整体布局规划，加快发展智能制造、智慧交通、智慧农业、智慧医疗等应用 场景，扩大工业母机、农机装备、机器人、轨道交通装备、医疗装备、工程机械、智能检测装备等应用 需求。开展数字化转型改造行动，实施一批"智改数转网联"改造项目，推进老旧设备更新和"哑"设备改 造。实施中小企业数字化赋能专项行动，支持企业结合自身需求实施设备自动化改造等投入少、见效快 的数字化"微改造"。持续优化智能制造典型场景和要素参考指引，开展智能工厂梯度培育行动，分级建 设基础级、先进级、卓越级、领航级智能工厂，支持企业加快人工智能等新一代信息技术融合应用，开 展生产制造全过程、产品全生命周期、供应链全环节闭环优化，推动组织模式和企业形态创新 ...

六部门印发《机械行业稳增长工作方案（2025—2026年）》。《方案》提出，增强产业链供应链韧性和 竞争力。实施产业基础再造工程，围绕重大技术装备和重点领域整机配套需求，发展一批高可靠、高强 度、高品质基础零部件、元器件和先进制造工艺。促进铸造、锻造、电镀、热处理等基础制造工艺绿色 化、高效化、精细化、智能化发展，提升先进产能供给水平，增强产业链供应链协同配套能力。实施重 大技术装备攻关工程，强化产业链上下游协同，全链条推进技术攻关、成果转化应用，形成良好产业生 态。推进制造业高质量发展行动，在工业母机、农机装备、仪器仪表、工业机器人、轨道交通装备、医 疗装备等领域，尽快形成一批标志性成果。围绕装备企业在研发设计、检验检测、试验验证等方面的共 性需求，建设一批产业技术基础公共服务平台、产业计量测试和检验检测中心。 ...

每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 曾健辉） 2025年1至6月份，建设工业的营业收入构成为：机械行业占比100.0%。 截至发稿，建设工业市值为313亿元。 每经AI快讯，建设工业（SZ 002265，收盘价：30.34元）9月24日晚间发布公告称，公司第七届第十一 次董事会会议于2025年9月23日以现场会议方式召开。会议审议了《关于修订公司 <董事会审计委员会 工作规则> 的议案》等文件。 ...

Investment Rating - The report assigns an "Overweight" rating for the machinery industry [4]. Core Insights - The machinery industry maintains high prosperity, with both domestic sales and exports experiencing rapid growth. Companies with global manufacturing layouts, brand output capabilities, and channel integration advantages are recommended for investment. In the context of changing external environments and policy negotiations, companies with diversified capacity allocation, stable customer loyalty, and pricing power are expected to achieve sustained growth amid global trade adjustments. Key recommended stocks include Juxing Technology, Yindu Co., Taotao Vehicle, Honghua Digital Technology, and Jack Co. [5][20]. Summary by Sections Macroeconomic Overview - The Federal Reserve announced a 25 basis point rate cut, bringing the federal funds rate target range to 4.00%-4.25%. In August, the US CPI increased by 2.9% year-on-year, with a core CPI rise of 3.1%. Non-farm employment added 22,000 jobs [5]. Cost Tracking - As of September 17, 2025, the USD to RMB exchange rate was 7.11, a decrease of 0.23% from September 10. The Euro to RMB exchange rate was 8.41, an increase of 0.93% from September 10. The shipping costs for major routes showed a year-on-year decline, with the comprehensive index of China's export container freight rate index (CCFI) at 1125.30, down 38.11% year-on-year [5]. Industry High-Frequency Data Tracking - The report includes various industry metrics, such as the US restaurant performance index (RPI) and housing market index, indicating trends in consumer behavior and real estate activity. For instance, the US housing market index in September showed a year-on-year decline of 21.95% [5]. Company Earnings Forecast - The report provides earnings forecasts for key companies in the machinery sector, projecting EPS growth for the years 2025 to 2027, with corresponding PE ratios indicating potential for investment [20].

Summary of Conference Call Notes Industry or Company Involved - Focus on the Chinese export sector and its resilience amid trade tensions, particularly with the United States - Discussion on the mechanical industry and specific companies such as Chuangxin Power, Taotao Automotive, and Jiangxin Home Core Points and Arguments - **Chinese Export Resilience**: Despite a 30% decline in exports to the U.S. in August, China maintained a trade surplus of $102.3 billion, an increase of $10 billion year-on-year, indicating that China cannot be easily excluded from global trade [1][3] - **Impact of Tariffs**: The actual average tariff imposed by the U.S. is only 8%, significantly lower than the threatened 20%, and many goods from other countries remain tariff-free, limiting the impact on global inflation and trade liquidity [4][5] - **U.S. Economic Conditions**: Weak non-farm payroll data suggests that conditions for interest rate cuts are developing, with expectations of a 25 basis point cut in September and potentially three cuts by the end of the year, contingent on inflation trends [1][9] - **Real Estate and Manufacturing**: The Fed's interest rate cuts are expected to directly impact the U.S. real estate market by lowering mortgage rates, while manufacturing return is more reliant on government policy than on interest rate changes [11][9] - **Mechanical Industry Performance**: Stocks in the mechanical export chain have seen significant fluctuations but have reached new highs, driven by valuation increases rather than EPS growth. Companies like Chuangxin Power and Taotao Automotive have strong pricing power [12][14] Other Important but Possibly Overlooked Content - **Investment Opportunities and Risks**: While the resilience of Chinese exports presents opportunities, potential risks from U.S.-China trade tensions and global policy changes must be carefully evaluated [6][18] - **Future Outlook for Exports**: The mechanical industry is expected to remain a key area for EPS investment despite political and tariff challenges, with a positive long-term trend anticipated [20] - **Sector-Specific Insights**: Companies in the North American consumer and manufacturing sectors, such as Juxing Technology and Lingxiao Pump Industry, are highlighted as having strong growth potential and global capabilities [19][18] - **Profitability Influences**: Export chain companies' profitability is significantly affected by exchange rates and raw material prices, with rising material costs posing challenges [17] This summary encapsulates the key insights from the conference call, focusing on the resilience of Chinese exports, the implications of U.S. economic policies, and the performance of the mechanical industry.

Group 1 - Ningbo Dongli (SZ 002164) held its seventh board meeting on August 26, 2025, to discuss the reappointment of the auditing firm for the fiscal year 2025 [1] - For the first half of 2025, Ningbo Dongli's revenue composition was 97.8% from the machinery industry and 2.2% from other businesses [1] - As of the report date, Ningbo Dongli's market capitalization was 6.8 billion yuan [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to rising stock prices for industry-listed companies [1]

Investment Rating - The report upgrades the investment rating of Haitian International to "Buy" with a target price of HK$26.00, revised from HK$25.12 [1]. Core Insights - Haitian International reported strong mid-year performance with overseas sales growth exceeding expectations, while domestic sales remained stable. The shift of supply chains from mainland China to Southeast Asia is driving overseas sales growth, which is expected to continue for the remainder of the year. This trend may offset weak domestic sales [1]. - Revenue forecasts for 2025-2027 have been adjusted to RMB 17,949 million (+1.2%), RMB 17,711 million (+0.1%), and RMB 20,309 million (+1.0%) respectively. Expected earnings per share for 2025, 2026, and 2027 are RMB 2.127 (+2.6%), RMB 2.032 (+1.4%), and RMB 2.301 (+1.7%) respectively [1][2]. Financial Performance Summary - For the first half of 2025, revenue reached RMB 90.18 billion, a quarter-on-quarter increase of 11.2%. The sales structure saw slight changes, with the Jupiter series showing a quarter-on-quarter growth [1]. - The overseas sales amounted to RMB 38.18 billion, a year-on-year increase of 34.7% and a quarter-on-quarter increase of 20%. Notably, revenue from Southeast Asia grew significantly, reaching RMB 17.83 billion, a year-on-year increase of 90.0% [1]. - Domestic sales remained stable at RMB 52.01 billion, with a year-on-year growth of 0.3% and a quarter-on-quarter growth of 5.5% [1]. Financial Projections - The report provides detailed financial projections, including total revenue, net profit, and earnings per share for the years 2023 to 2027. For instance, the projected net profit for 2025 is RMB 3,395 million, with an EPS of RMB 2.127 [2][15]. - The gross margin is expected to be around 32.9% in 2025, with operating profit margin and net margin projected at 21.9% and 18.9% respectively [16]. Market Position - Haitian International's market capitalization is approximately HK$34,442 million, with a share price of HK$21.580. The company holds a significant position in the injection molding machine market, contributing to its robust overseas sales performance [1][2].

Core Viewpoint - The article discusses the rebound in China's export and import growth rates in July, highlighting the factors contributing to these changes and the outlook for the second half of the year [2][3][17]. Export Growth - In July, China's export growth rate recorded a year-on-year increase of 7.2%, up 1.3 percentage points from the previous month, although the month-on-month growth was below the median of the past five years [2][3]. - The rebound in exports is primarily attributed to a lower base from the previous year, as well as economic recovery in Europe and deepening cooperation with Latin America and Africa [3][8]. - Exports to most regions increased, with notable growth to Africa (42.5%) and Latin America (7.7%), while exports to the U.S. decreased by 21.6% [8]. Import Growth - China's import growth rate in July was 4.1%, a significant increase of 3 percentage points from the previous month, and the month-on-month growth was also notably higher than the five-year average [11]. - The increase in imports is driven by ongoing domestic production expansion and a significant drop in commodity prices compared to June, leading to higher imports of energy and industrial raw materials, particularly crude oil and copper [11][14]. - Imports from resource countries saw a notable increase of over 10%, with copper imports rising significantly [11][14]. Trade Surplus - China's trade surplus in July was $98.24 billion, which has narrowed compared to the previous month [17]. - Despite a downward trend in export growth, the contribution to economic growth is expected to remain stable due to various supportive factors, including European fiscal expansion and potential interest rate cuts by the Federal Reserve [17].