Aerostructure is a set of components of an aircraft airframe. This may include all or part of the fuselage, wings, nacelle, and nose, among others.

The global agriculture market is a vast and complex industry that encompasses the production, processing, and distribution of food and agricultural products. The market is worth trillions of dollars and is essential to the global economy. The agriculture market is divided into two main sectors: crop production and livestock production. Crop productions includes the growing of crops such as wheat, rice, maize, soybeans, and fruits and vegetables. Livestock production includes the raising of animals, such as cattle, pigs, sheep, and chickens.

A compressor is an integral component of an aircraft engine. It ensures a sufficient supply of air for proper combustion by regulating the pressure of inlet air as per the engine-specific requirements at different stages of flight. There are two types of compressors integrated into an aircraft, namely low-pressure compressors and high-pressure compressors.

本篇报告回顾了2023 年军工行业业绩及行情情况，子行业分化明显。展望未 来，军工行业从总量来看，国内投入、国际军贸市场均呈现增长态势。新域新 质力量建设指明未来国防建设方向，国企改革深化提升行动推动发展。据此我 们总结出航空主线、卫星制造主题以及无人、远火和深海三大新域新质作战方 向的“1+1+3”的投资方向。维持对行业的投资评级“推荐”。

截至2023 年12 月15 日，北交所已有115 家公司获受理，覆盖高端装备制造、 TMT、化工新材料、消费、生物医药等多元细分领域；523 家披露意向，其中 491 家辅导中。

① 新造船价：2023年11月，受油轮和散货船推动，克拉克森新造船船价指数环比+1.05点，至177.07点；中国新造船指数环比+2点，达1062点； 2023Q3中国造船厂利用检测指数大幅增长至878点，创2020年来新高。 ② 二手船价/新造船价：2023年11月，散货船“二手船价/新造船价”环比+2.81pct，集装箱/油轮“二手船价/新造船价”环比-4.80pct/-0.35pct，分 别至75.78%/49.60%/101.33%，仅油轮“二手船价/新造船价”高于80%基准线，处于利好新造船区间。 ③ 期租租金：2023年11月，受恶劣天气和巴拿马运河过境限制等，VLCC/Aframax型油轮、VLGC租金涨幅明显，环比+8.27%/+8.64%/+7.22%，至 57250/47938/79317美元/日；集装箱船租金环比明显下降。 ④ 其他指标：2023年11月30日，上海钢板价格环比上月-0.69%，至4300元/吨；人民币/美元汇率环比上月-0.34%， 至7.15人民币/美元。