我们统计了330家机械设备公司的二季度业绩，整体看机械设备行业仍处于持续弱势状态，二季度行业实现营业收入5705.85亿元，同比下降2.8%。整个板块归母净利润近四年来都处于缓慢的下跌过程中，但经营活动现金流情况正逐步好转，应收账款与存货周转率有所下降。

Rubber processing equipment is used to process raw rubber. Processing methodologies include mastication and other methods like mixing, extrusion, and calendering. These processes give shape to the final product. The mastication processing method breaks down the polymer chains to reduce the molecular mass and increase viscosity. This aids in further processing. After the first processing step, several other activities can be executed such as mixing of materials that are ready for cross-linking.

NDT techniques are used to find discontinuities in test materials. NDT equipment is used to examine and evaluate the properties of an object, system, or material without damaging it. Some NDT methods such as UT, radiography testing, TOFD testing, and phased array are known for high accuracy, reliability, reproduction of output, and material characterization. NDT equipment comprises three major technologies: ultrasonic, radiography, and visual testing.

LDMs were introduced in the market as early as 1993, as a replacement for measuring tape. Leica Geosystems, which was acquired by Hexagon in 2005, was among the first companies to commercially launch handheld LDMs. Over the past 20 years, LDMs have seen a lot of advances in terms of accuracy, size, and weight. As the fabrication cost of semiconductors has fallen over the years, the ASP of LDMs has also come down. A LDM, which used to cost $300 in early 2000, is available at $100 with same features. There are high-end LDMs like Bosch GLR 825, Fluke 424, and Leica S910 that cost more than $300. To justify the higher price, they offer additional features like angle measurement, Pythagoras function (to measure indirect dimensions when the line of sight is obscure), and camera for a 4x zoom. Laser distance meters are used in different industries such as construction and real estate. They have applications like finding out electrical wiring and furniture length in carpentry, interior designing, and carpet flooring. Professional contractors such as solar energy solution providers are widely using them for panel installation and commissioning. The

The suppression or filtering of electromagnetic noise in connectors can be achieved by adding diodes and capacitors to separate interfering high-voltage or high-frequency noise from the desired lower frequency signals. These connectors are called filtered connectors and have been used in the industry for more than three decades to provide cost- and space-effective solutions to EMI problems. They can be used in multiple applications such as satellites, avionics systems, communications, missiles, consumer electronics, and medical instruments.

The global RF duplexer market is forecast to grow at a rate of 12.24% CAGR during the forecast period. The market is expected to grow to $2.8 billion by 2020. The key vendors in the market include Broadcom, Murata, TDK, and Qorvo. They are engaged in stiff competition by offering cutting-edge products catering to the smartphone, STB, laptop, and tablet segments. The smartphone segment is the largest application segment in the global RF duplexer market with a 76.5% contribution to global revenues in 2015. It will continue to dominate during the forecast period.

Growing global population and increase in per capita income in emerging economies lead to a rise in the demand for food products. The world population is estimated to reach 9.48 billion by 2050 from 7.4 billion in 2016. As a result, farmers are shifting toward mechanization through the use of agricultural machinery, to gain efficiency and effectiveness in farming and crop production. Globally, most governments are encouraging farmers by providing easy credit availability and various loans to buy agricultural machinery.

The global fusion splicer market is expected to grow at a CAGR of 8.93% during 2016-2020. In 2015, the telecommunication segment was the highest contributor to the overall market, with a 63.83% market share. The demand for fusion splicers is growing in the segment, which is expected to expand its presence further in the global market. The fiber-optic technology uses thin strands of glass or plastic called optical fibers. Optical fibers use light to transmit information between two places. An optical fiber is a thin cylinder of dielectric material, which is capable of transmitting messages modulated onto light waves. Fusion splicers are used to join two optical fibers using heat. They offer high-strength, permanent, and low-loss joint, and plays an important role in the optical network.

The electric signals, in a synthesizer or synths, are converted to sound with the help of amplifiers and speakers. The instrument is mostly played in conjunction with a keyboard. It can also be controlled using musical instruments such as guitars, sequencers, drums, and fingerboards. Analog, digital, modular, and virtual synthesizers are some of the most popular synthesizer types. We expect the global music synthesizers market to post a CAGR of (2.6)% during the forecast period. Increasing number of live events and increased spending capability of the larger population to participate in such events are factors that keep the market afloat.

军工科研院所具备从事生产经营活动特点，将逐步分类改制并且转为企业。我们认为，2016 年下半年部分军工科研院所将率先启动试点改制工作，军工科研院所相关配套政策有望于部分试点改制后陆续出台。

洗碗机有望成为新品普及中的潜力品种，洗碗机市场即将爆发，涉足洗碗机产品的海尔、九阳、老板、美的，以及洗碗机上游企业三花股份、地尔汉宇均有望受益。