Dongxing: Manufacturing industry exports upgrading to "brand going abroad," suggested focusing on niche opportunities such as humanoid Siasun Robot & Automation.

Dongxing released a research report stating that the mechanical sector is expected to lead in terms of growth by 2025, with a significant increase in year-on-year growth compared to the first three quarters of 2024. The sectors of engineering machinery and motorcycles, as strong competitors in China's manufacturing industry, are expected to continue strengthening their brand effects in the future, transitioning from "manufacturing going abroad" to "brand going abroad." It also recommends focusing on opportunities in humanoid Siasun Robot & Automation, intelligent logistics, non-power nuclear technology applications, low-altitude economy, deep-sea technology, ice and snow economy, and high-end measurement testing segments. The lithium battery, photovoltaic, and semiconductor equipment industries are expected to shift from extensive growth to high-quality development. Key points from Dongxing are as follows: The mechanical sector is expected to lead in growth by 2025, with revenue and profit year-on-year growth increasing In 2025 (as of December 10th), the Shenwan Machinery and Equipment Index rose by 36.11% for the whole year, ranking it ahead of other industries and outperforming the Shanghai Composite Index by 19.74 percentage points and the Shenzhen Component Index by 8.78 percentage points. In the first three quarters of 2025, the revenues and net profits of the mechanical sector increased. In terms of revenue, the mechanical industry's operating income for the first three quarters of 2025 was 1.5135 trillion yuan, a year-on-year increase of 7.35%, showing an improvement in growth compared to the first three quarters of 2024. In terms of profits, the net profit attributable to shareholders was 108.076 billion yuan, a year-on-year increase of 16.80%, with the growth rate showing a significant improvement compared to the first three quarters of 2024. Equipment manufacturing exports remain resilient, opening up new overseas markets Through diversified market layouts, technological innovation, and policy support, the equipment manufacturing industry has maintained its export resilience and continuously expanded development space in new markets. From January to October 2025, the export delivery values of general equipment, special equipment, and railway, shipbuilding, aerospace, and other transportation equipment manufacturing industries were 617.32 billion yuan, 531.93 billion yuan, and 412.4 billion yuan, respectively, with cumulative year-on-year growth rates of 5.5%, 9.3%, and 24.20%. With the adjustment of the global industrial chain and the transformation and upgrading of China's equipment manufacturing industry, high-end equipment exports are expected to continue to show resilience. Among them, the sectors of engineering machinery and motorcycles, as strong competitors in China's manufacturing industry, are expected to further strengthen their brand effects, leading the way from "manufacturing going abroad" to "brand going abroad." From single technological upgrades to systemic ecological reshaping, new scenarios drive transformation and upgrading The emergence of new scenarios in manufacturing is fundamentally the result of the joint action of technological revolution, policy drive, and market demand, marking a profound transformation from "single technological upgrades" to "systemic ecological reshaping." These new scenarios not only enhance the production efficiency, product quality, and innovation capabilities of the manufacturing industry but also drive the industry's transformation and upgrading and the high-quality development of the economy. It is recommended to focus on opportunities in humanoid Siasun Robot & Automation, intelligent logistics, non-power nuclear technology applications, low-altitude economy, deep-sea technology, ice and snow economy, and high-end measurement testing segments. Counteracting internal competition drives the photovoltaic, lithium battery, and semiconductor equipment industries into a new period of high-quality development The Central Financial and Economic Affairs Commission meeting in 2025 stated that "counteracting internal competition" is an important task to promote the construction of a unified national large market, focusing on regulating low-price and disorderly competition among enterprises and promoting the exit of backward production capacity. The policy of counteracting internal competition reshapes the industry ecology through market-based means, restores pricing power, shifts the economy from short-term stimulation to long-term sustainable growth, avoids excessive competition that stifles innovation and the improvement of total factor productivity. The industries of lithium batteries, photovoltaics, and semiconductor equipment are expected to shift from extensive growth to high-quality development by optimizing production capacity structures, regulating market competition, promoting technological innovation, and enhancing the overall competitiveness and sustainable development capability of the industry, entering a new period of high-quality development. Risks: Manufacturing investment lower than expected, new technology market expansion below expectations, significant increase in raw material prices, lower-than-expected foreign trade exports, etc.