机械行业周报（20250512-20250518）：关注机器人三大方向，重视华为产业链机会

机械2025年05月18日推荐 （维持）证券分析师：范益民电话：021-20572562邮箱：fanyimin@hcyjs.com执业编号：S0360523020001证券分析师：丁祎邮箱：dingyi@hcyjs.com执业编号：S0360523030001证券分析师：胡明柱邮箱：humingzhu@hcyjs.com执业编号：S0360523080009证券分析师：陈宏洋邮箱：chenhongyang@hcyjs.com执业编号：S0360524100002行业基本数据股票家数(只)633总市值(亿元)51,182.98流通市值(亿元)41,833.68相对指数表现1M6M8.3%6.0%5.2%8.0%相关研究报告《工程机械行业点评报告：4月挖机出口表现亮眼，看好海外需求加速复苏》《机械行业周报（20250505-20250511）：4月挖机出口提速，关注机器人三大方向》《机械行业周报（20250421-20250427）：机器人板块后续三个核心逻辑》24/0724/1024/1225/032024-05-20~2025-05-16机械沪深300华创证券研究所 EPS（元）简称2026E2027E汇川技术2.553.01法兰泰克0.851.04信捷电气2.302.78欧科亿1.021.25兰剑智能2.53杭氧股份1.361.60伟创电气1.892.26英诺激光0.480.64安徽合力1.842.09苏试试验0.750.91柯力传感2.00华锐精密3.204.13 PE（倍）PB（倍）2025E2026E2027E2025E评级32.4226.9522.805.63强推15.2011.919.662.07强推35.6928.4823.524.12强推25.4317.5814.391.04强推12.709.961.83强推18.1114.5812.341.99强推32.0125.5121.294.42强推96.9161.0745.494.39推荐10.179.017.931.36强推25.4420.6817.003.03强推42.6433.876.13强推29.0721.9216.973.03强推 %绝对表现相对表现-19%-5%10%24%24/05 占比%0.085.155.2912M15.5%8.7%2025-05-122025-05-122025-04-2725/05 证监会审核华创证券投资咨询业务资格批文号：证监许可（2009）1210号目录一、行情回顾.....................................................................................................................5（一）板块行情回顾.........................................................................................................5（二）个股行情回顾.........................................................................................................5二、行业与公司投资观点.................................................................................................7行业及公司研究报告.........................................................................................................7三、重点数据跟踪.............................................................................................................8（一）宏观数据.................................................................................................................8（二）中观数据.................................................................................................................9四、风险提示...................................................................................................................13 3 证监会审核华创证券投资咨询业务资格批文号：证监许可（2009）1210号图表目录图表1主要指数当周日涨跌幅.............................................................................................5图表2机械行业细分板块当周累计涨跌幅.........................................................................5图表3全行业当周涨跌幅.....................................................................................................5图表4涨幅前五.....................................................................................................................6图表5涨幅后五.....................................................................................................................6图表6制造业PMI指数（%）.............................................................................................8图表7固定资产投资完成额累计同比增速（%）..............................................................8图表8全部工业品PPI当月同比（%）..............................................................................8图表9工业企业产成品存货同比（%）..............................................................................8图表10我国挖掘机月度销量（台）...................................................................................9图表11我国挖掘机月销量同比变化...................................................................................9图表12我国叉车销量（台）...............................................................................................9图表13我国工业企业产成品存货及利润同比（%）........................................................9图表14中国小松开机小时数（时）...................................................................................9图表15我国挖掘机当月开工小时数（时）.......................................................................9图表16我国工业机器人月产量（台，%）......................................................................10图表17 OPEC原油产量（千桶/日）及同比变化.............................................................10图表18美国活跃钻机数（部）.........................................................................................10图表19我国新能源汽车销量（万辆）及同比变化.........................................................10图表20我国动力电池装机量及同比变化.........................................................................11图表21我国金属切削机床产量（万台）及同比变化.....................................................11图表22我国金属成形机床产量（万台）及同比变化.....................................................11图表23日本出口中国大陆机床金额.................................................................................12图表24我国铁路客运量累计值（亿人）.........................................................................12图表25我国铁路客运量当月值（亿人）.........................................................................12图表26我国铁路货运量累计值（亿吨）.........................................................................12图表27我国铁路货运量当月值（亿吨）.........................................................................12 4 证监会审核华创证券投资咨询业务资格批文号：证监许可（2009）1210号一、行情回顾（一）板块行情回顾本周上证综指涨幅为0.8%，深证成指涨幅为0.5%，沪深300涨幅为1.1%。其中，机械（中信）板块涨幅为0.7%。机械各子板块中，服务机器人涨幅最大，涨幅为6.2%；工程机械涨幅最小，涨幅为-2.8%。图表1主要指数当周日涨跌幅本周涨幅最大的是汽车，涨幅为2.7%；涨幅最小的是国防军工，涨幅为-1.6%；机械行业涨幅为0.72%。图表3全行业当周涨跌