Guotai Junan: Overall prosperity of the machinery industry is lifting, optimistic about humanoid robots and engineering machinery.

Guotai Hainan released a research report stating that the mechanical industry is expected to see an upturn in the first half of 2025. The profitability of semiconductor equipment, engineering machinery, lithium battery equipment, wind power components, and the export consumption chain is expected to increase. The outlook for technology-driven industries such as humanoid robots and demand-driven industries such as engineering machinery remains high, and it is recommended to pay attention to humanoid robots and engineering machinery. A consensus on "anti-involution" in the new energy industry has formed, with photovoltaic equipment, lithium battery equipment, and wind power components expected to shift from price competition to value competition.