CICC: Outlook for 2026, the technology innovation sector in the machinery industry still presents significant investment opportunities.

The research report of CICC believes that looking ahead to 2026, the technology innovation sector in the machinery industry still has great investment opportunities. Secondly, although the export side faces uncertainties, with the progress of internationalization and the Fed rate cut, the research report believes that there are structural opportunities in external demand. At the domestic demand level, it is difficult to see large-scale capacity expansion in the short term downstream, but with capacity clearance and general companies transitioning to growth industries, stock prices are expected to rebound.