机械行业2025年三季报总结:科技内需双轮驱动 机械行业景气新周期开启

国泰海通证券
Nov 07, 2025

本报告导读:2025Q1-Q3 机械行业景气持续回升,AI 大模型与人形机器人制造交相辉映,装备出海订单恢复、需求旺盛,光伏、锂电、风电等能源装备领域“反内卷”措施助力行业高质量发展。建议关注:人形机器人、工程机械、光伏设备、锂电设备、AI基建。投资要点:投资建议:我 们的推荐组合包括:1)人形机器人:恒立液压、长盈精密、东华测试、浙江荣泰。2)工程机械:三一重工、中联重科、徐工机械。3)光伏设备...

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