The high export boom of the construction machinery industry continues.
According to statistics from the General Administration of Customs, my country’s construction machinery exports in May 2026 were US$6.067 billion, a year-on-year increase of 20.8%.
At the same time, the regulatory level plans to add future industrial directions such as “robots” to the secondary industries in strategic emerging industries.
Under the resonance of multiple positive factors such as overseas volume expansion, profit recovery, and superimposed policy support, the market attention of the scientific and technological innovation machinery sector continues to heat up.
Market public data shows that as of June 24, 2026, the Shanghai Science and Technology Innovation Board Industrial Machinery Index (abbreviation: Science and Technology Innovation Machinery, index code: 000693) has increased by more than 65% in the past six months; the increase in the past year has doubled, exceeding 110%.
Compared with the general machinery and equipment index, the Kechuang Machinery Index can better represent high-end manufacturing and China’s advanced productivity, and robots and AI-related businesses account for a higher proportion.
The index selects 50 securities of listed companies with large market capitalization in urban rail railway equipment, industrial automation, construction machinery and other fields from the Science and Technology Innovation Board market as index samples to reflect the overall performance of the securities of listed companies in the representative industrial machinery industry of the Science and Technology Innovation Board market.
While reducing the weight of traditional manufacturing, it also includes more upstream manufacturers of robots and AI computing power, directly tapping into the source of the AI hardware industry chain. It is expected to deeply benefit from the global wave of expansion of computing power hardware, and its growth logic will be clearer.
From the perspective of industry distribution, the Science and Technology Innovation Machinery Index focuses on the high-end equipment manufacturing field with high technical content and strong growth potential of “hard technology”. It not only includes the machinery and equipment industry, but also widely covers many fields such as computers and power equipment.
According to market statistics, as of June 24, 2026, according to Shenwan’s three-level industries, the index has a relatively high weight in advanced manufacturing industries such as industrial control equipment and robots, reaching 12.4% and 9.9% respectively.
At the same time, the agglomeration effect of leading index constituent stocks is significant, with the top ten heavyweight stocks accounting for more than 50% in total.
In addition, the Kechuang Machinery Index adopts a quarterly adjustment and refresh mechanism to dynamically include emerging high-quality targets and iteratively update sample stocks, continue to strengthen the coverage of future industries, and accurately match the iterative trends of the high-end manufacturing industry, which is conducive to further improving the index’s representation of high-end manufacturing leaders.
As the first and only ETF currently on the market that tracks the Science and Technology Innovation Machinery Index, the Science and Technology Innovation Machinery ETF (588850) has been actively traded since its listing on April 24, 2025, and has shown continued net inflows of funds this year.
According to market data statistics, as of June 24, 2026, the ETF has achieved net capital inflows on 6 of the past 10 trading days, with a share change rate of 136.81% during the year; the total transaction volume this year has been nearly 2 billion yuan, with excellent liquidity performance.
Looking ahead to the market outlook, many institutions have recently expressed their views that Chinese assets have ushered in a window for valuation reshaping under multiple resonances such as profit recovery and systemic reform. They are optimistic about the subsequent performance of China’s equity market. The artificial intelligence super cycle and high-end manufacturing will become the main thread leading this round of market conditions.
Some leading brokerage analysts believe that investment opportunities in the mechanical equipment sector in the second half of 2026 can be considered from three aspects: First, continue to focus on the main line of AI-related technology growth, including optical module testing instruments, AI
PCB equipment and consumables, AI power generation equipment, etc.; the second is the future industries and emerging industries emphasized by the “15th Five-Year Plan”, including humanoid robots, controllable nuclear fusion, etc.; the third is to consider the cyclical characteristics of each subdivided industry and select high-quality stocks with low valuation fundamentals with upward β in the industry, including construction machinery, machine tools and other sectors.
If investors are optimistic about the long-term opportunities in China’s high-end equipment manufacturing, they may use this ETF to deploy the core assets of Kechuang Machinery with one click and seize the dividends of industrial growth.
Standing at the intersection of the “15th Five-Year Plan” manufacturing upgrade deployment and the vigorous development of new productive forces, the science and technology machinery manufacturing industry is not only the “crown jewel” of the modern industrial system, but also the main battlefield for the game of science and technology and industry among major powers.
From “big but not strong” to “both big and strong”, China’s scientific and technological machinery manufacturing industry is undergoing a profound industrial change inspired by the triple resonance of technology-driven, policy guidance and market demand.
Whether it is the leadership in intelligent connected new energy vehicles and aerospace equipment, or the explosive growth of intelligent embodied robots and new energy equipment, it is confirmed that China’s high-end manufacturing is making great strides from a global manufacturing center to a global innovation center.
This is not only the inevitable result of the optimization and upgrading of the industrial structure, but also the fertile ground for China’s manufacturing industry given by the new round of technological revolution. The long-term growth space is worth looking forward to.
It is worth noting that before participating, investors should fully understand the unique risks behind it, judge the market rationally, and make investment decisions prudently.
Note: The base date of the SSE Science and Technology Innovation Board Industrial Machinery Index is December 31, 2019, and the release date is April 3, 2023. The annual increases from 2021 to 2025 are 31.96%, -19.12%, -13.17%, -11.18%, and 42.24%. The historical trend of the index does not represent future performance.
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Investors should read the “Fund Contract”, “Prospectus”, “Product Information Summary” and other legal documents to understand the risk and return characteristics of the fund, especially the unique risks, and judge whether it is suitable for their own risk tolerance based on their own investment purposes, investment experience, asset status, etc.
The fund manager promises to manage and use the fund assets in accordance with the principles of good faith, prudence and responsibility, but does not guarantee that the fund will make a profit or that the principal will not be lost.
Past performance does not predict its future performance, and the performance of other funds does not constitute a guarantee of the performance of this fund.
