Guojin Securities: China's high-end equipment manufacturing industry should focus on "domestic demand as the foundation, expanding overseas", and pay attention to the technology self-reliance and deepening overseas expansion sectors.

Guojin Securities released a research report stating that China's high-end equipment industry, with advantages ranging from cost to technology+brand+service, is continuously increasing its market share globally. Therefore, from the demand side, the overall performance shows the characteristics of "steady domestic demand, sustained strong overseas demand"; from the technical side, it shows "domestic demand feeding overseas growth, overseas driving upgrades", thus leading to a structural transformation of China's high-end equipment manufacturing industry, forming a new pattern of "dual-wheel drive". The report recommends focusing on two main lines for the future development of China's high-end equipment industry. Firstly, the technological revolution represented by AI has become a new global growth engine, as well as a key focus of technological self-improvement in the competition among major powers. Secondly, on sectors where global competitive strength is continuously increasing and overseas expansion is entering a new stage.