Equipment Type: Solid state motor controllers (all voltages) Industry: Electrical equipment manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Surge suppressors, industrial use Industry: All other electrical equipment and component manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Solid state motor controllers (all voltages) Industry: Electrical equipment manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

Equipment Type: Surface cooking tops, gas (one or more burners) Industry: Major appliance manufacturing The equipment described in this report are primarily defined by its title since the title is generally long and includes most of the criteria used to differentiate the equipment from other similar equipment. The equipment descriptions are sourced from the U.S. Census. Additionally descriptions can be collected from the manufacturing industry descriptions that each equipment is categorized. The U.S. Census manufacturing industry descriptions for equipment are listed below

基于新兴产业和国产替代的逻辑:2023下半年，继续重点布局人形机器人、工业母机。特斯拉人形机器人在AI技术加持下加速推进，在终局2C端定位和降本诉求背景下，国内人形机器人产业链迎来机遇，重点推荐产业链相关的减速器、电机、丝杠、传感器等核心硬件赛道。同时，工业母机在补链强链背景下，政策预期持续强化，继续推荐以核心零部件为代表的工业母机核心品种。

本篇报告聚焦机器人灵巧手，主要探讨灵巧手的演变历程、分类方式以及未来有可能的发展方向。

我们认为首先继续持续推荐今年潜在的大风口: 产业链安全。中央、国务院近期各项重要会议都对产业链安全、高端制造等领城有更强的关注和推动。中长期看，供应链安全在总体国家安全观、政策引导、产业链上下游一致认同、国产化经济性好、国产技术积累突破节点到来等多重逻辑共振下，行业逻辑硬、内生推动力强,很长一段时间内都将会是我国高端装各制造业向制造强图突破的关键点。

Equipment Type: Storage batteries other than nickel cadmium or lead acid Industry: Battery manufacturing

2023年初至今申万一级机械行业涨幅11.85%，涨幅位居第六。跑赢同期中证1000、上证指数、深证成指5.29、 6.96、9.22个百分点。从估值来看，截至2023年6月21日，机械行业整体PE-TTM（剔除负值）、PB-MRQ（剔 除负值）为27.82倍、2.41倍，低于2000年1月04日以来历史中位数31.04倍、2.87倍。

特斯拉人形机器人获市场关注：2023 年5 月16 日，特斯拉召开2023 年股东大会，展示了公司Optimus 人形机器人的最新进展，市场对机 器人行业的关注度显著提高。自2023 年5 月16 日至2023 年6 月30 日，万得机器人指数涨幅达19.96%，机器人板块迎来新的投资机会。