1月9日，工业母机ETF（159667）大涨超3.6%，资金面看，近20日净流入近3亿元，制造业景气回 升带动设备需求预期改善。 湘财证券指出，2025年12月我国制造业PMI较前值回升0.9个百分点至50.1%，重回扩张区间，生 产、新订单和新出口订单等分项指数均有不同程度回升，主要系政策效果持续落地及春节备货等因素推 动。展望2026年，随着国内政策持续发力，叠加"反内卷"等措施带动制造业盈利能力修复，制造业景气 度有望逐渐回升，从而推动上游机械设备需求持续好转。机器人领域方面，2025年国内人形机器人出货 量或超1.8万台，灵心巧手完成A++轮融资，全球人形机器人产业快速发展带来巨大成长空间。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产 品要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本 ...

Group 1 - The core viewpoint of the article emphasizes the importance of original innovation and breakthroughs in key core technologies as outlined in the "14th Five-Year Plan," particularly in sectors such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [1] - The plan aims to cultivate and expand emerging and future industries, accelerating the development of strategic emerging industry clusters in areas like new energy, new materials, aerospace, and the low-altitude economy [1] - The mechanical industry is expected to see a gradual release of equipment upgrade demands under the backdrop of increasing automation and intelligence, benefiting cyclical sectors such as construction machinery, rail transit, machine tools, and laser processing equipment [1] Group 2 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects 50 listed companies involved in the manufacturing and servicing of machine tools and key components from the Shanghai and Shenzhen markets [1] - This index reflects the overall performance of listed companies in the machine tool industry, with a high concentration in the machinery equipment sector, focusing primarily on the manufacturing industry [1]

风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 华龙证券表示，"十五五"点名工业母机，政策驱动下国产机床高端化进程有望加快。2025年10月28日， 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》公布。政策驱动下，国内高端制造 领域对高精度、高稳定性、高复合化的五轴机床、数控铣床、车铣复合中心等需求将有望增加。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机床整 机及其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体 表现。该指数成分股主要集中于机械设备行业，重点聚焦制造业领域，具有较高的行业集中度特征。 每日经济新闻 ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 华龙证券表示，"十五五"点名工业母机，政策驱动下国产机床高端化进程有望加快。2025年10月28日， 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》公布。政策驱动下，国内高端制造 领域对高精度、高稳定性、高复合化的五轴机床、数控铣床、车铣复合中心等需求将有望增加。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机床整 机及其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体 表现。该指数成分股主要集中于机械设备行业，重点聚焦制造业领域，具有较高的行业集中度特征。 ...

工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机 床整机及其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的 整体表现。该指数成分股主要集中于机械设备行业，重点聚焦制造业领域，具有较高的行业集中度特 征。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 华龙证券指出，人形机器人进入量产准备的关键阶段，建议积极布局。机器人产业逻辑持续强化： 国际方面，特斯拉Optimus在明确2026年量产计划后，其技术细节（如配备50个执行器的新一代灵巧 手）不断迭代，显示了其技术落地的可行性；国内方面，宇树完成IPO辅导，智元机器人完成股改，释 放IPO信号，进一步印证产业成熟度的提升和资本周期的启动。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。 ...

平安证券指出，2025年以来机械设备行业出口呈现较强韧性，机械及运输设备中的动力机械及设 备、特种工业专用机械、金工机械等细分领域对中国出口增速的带动达0.75个百分点，较2024年提升 0.29个百分点。海外AI投资及上游电力环节投资对机械设备出口形成拉动，叠加化工品等中间品需求向 好，行业出口竞争力持续显现。展望2026年，尽管全球出口扩张势头可能略有放缓，但中国出口份额有 望延续升势，预计机械设备出口将维持4-5%的增速区间。国内方面，"十五五"规划开局之年新一批重 大项目推进，叠加设备更新政策续力支持，制造业投资具备筑底基础，工业用地成交面积等领先指标显 示行业需求有望在下半年触底回升。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机 床整机、数控系统及关键零部件的上市公司证券作为指数样本，覆盖机械设备、电子、新能源、机器人 等多个行业。该指数主要反映中国机床及相关产业链的整体表现，具有较高的行业集中度和代表性。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不 ...

Group 1 - The core viewpoint indicates that the excavator sales are expected to grow rapidly by 2025, showing clear signs of industry recovery, driven by a new round of concentrated replacement cycles and the commencement of large projects, which will boost domestic demand [1] - The overseas market is experiencing structural prosperity, with continuous growth in infrastructure construction demand in countries along the "Belt and Road" initiative, leading to an increase in exports [1] - The overall industry fundamentals are showing a positive trend, with significant improvements in overall performance and structural opportunities existing in specific segments [1] Group 2 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and key component supply from the Shanghai and Shenzhen markets [1] - This index covers multiple fields including machinery, electronics, new energy, and robotics, reflecting the overall performance of listed companies in China's machine tool industry [1]

Group 1 - The core viewpoint is that commercial aerospace capacity has become crucial for the development of satellite internet and commercial aerospace, with a potential turning point expected due to high-frequency launches and the anticipated first flights of several medium to large commercial rockets in Q4 2025 and the first half of 2026 [1] Group 2 - The mechanical equipment industry is expanding its applications in areas such as unmanned sanitation vehicles, aircraft engines, gas turbines, and 3D printing, indicating a broad market space [1] Group 3 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and key component supply from the mechanical equipment industry [1] - The index covers various sub-sectors including CNC systems, bearings, spindles, and tools, aiming to reflect the overall performance of listed companies in China's machine tool industry chain [1] - Component stocks widely serve downstream industries such as industrial, electronics, new energy, and robotics [1]

Group 1 - The domestic humanoid robot commercialization is accelerating, with leading companies continuously releasing positive news [1] - UBTECH has recently secured large orders, with the total order amount reaching nearly 400 million yuan [1] - Companies like Zhiyuan and Huizhi Wulian are actively promoting the application of humanoid robots in various scenarios, with contracts gradually forming [1] Group 2 - In the overseas market, Figure has obtained $1 billion in financing, and Tesla has released significant updates on its Optimus 3 product [1] - The humanoid robot industry is expected to enter a rapid development phase due to policy support and accelerated collaboration among industry chain enterprises [1] Group 3 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing, CNC systems, and key component supply [1] - The index focuses on the core segments of China's machine tool industry chain, aiming to reflect the overall performance of listed companies in this sector, characterized by stable profitability and technological innovation [1] Group 4 - Investors without stock accounts can consider the Guotai Zhongzheng Machine Tool ETF Initiated Link A (017471) and Link C (017472) [1]

Group 1 - The core viewpoint is that the commercialization of humanoid robots is accelerating in China, leading to increased demand in the industry chain [1] - Major companies like UBTECH and ZhiYuan have secured significant orders, with UBTECH's order amount reaching nearly 400 million yuan [1] - Strategic collaborations are being formed, such as ZhiPing and HuiZhi's plan to deploy over 1,000 embodied intelligent robots [1] Group 2 - The industrial mother machine ETF (159667) tracks the China Machine Tool Index (931866), which includes key manufacturers and suppliers in the machine tool industry [2] - The index focuses on companies with strong profitability and growth potential, emphasizing research and innovation capabilities [2] - Investors without stock accounts can consider related ETF products like Guotai China Machine Tool ETF [2]