CITIC Securities Construction Investment Machinery Industry Outlook for the Second Half of the Year: Worth Adding Positions to Layout in Hard Technology and Undervalued Stocks.

China Construction Investment Outlook for the second half of 2025 in the machinery industry, the machinery sector is hot with a high concentration of topics. In the first half of the year, it ranked sixth in terms of increase in A-shares. Among the top 100 increases in the sector, 40 are related to robots, 26 belong to the North Stock Exchange, and 8 benefit from controllable nuclear fusion. Currently, domestic demand in the industry is relatively weak, and the pace of going global is more determined. Looking forward to the second half of the year, hard technology is expected to break through domestic demand, especially in the areas of artificial intelligence and controllable nuclear fusion; undervalued dividend stocks benefit from the downward trend in interest rates; other areas to focus on include industries with global competitiveness. Currently, it is worth increasing investment in the machinery industry.