从两会看汽车，基调以稳为主。首购刚需释放汽车业缓慢复苏，全产业链依然承压，受海外疫情影响产业链或被连锁波及。货车受 益于国三淘汰+治理超载+基建托底表现强劲，推荐威孚高科、潍柴动力等关键配件企业；龙头自主车企均进入平台化时期，产销规模差异将决定盈利能力差距，看好一线自主车企份额提升，日系新品表现强劲，推荐长城汽车、广汽集团，关注吉利汽车。

全球汽车租赁巨头——美国赫兹租车（HTZ.N）于5 月22 日申请破产。赫兹的 倒下已对美国租车、二手车乃至新车市场造成了扰动，但中长期对市场的破坏 其实有限。然而，赫兹公司的倒下或是出行领域商业模式变革的第一环。在网 约车深入人心的今天，欧美传统的自驾租车模式已有式微的迹象，而自动驾驶 出租车队（RoboTaxi）已经崭露头角。

随着电动化发展及特斯拉的示范带动效应，智能网联化成为重塑汽车行业的关键因素之一，软件定义汽车时代到来。智能网联汽车以智能化和网联化协同发展，在网联化基础上，将智能车辆和智能交通融合在一起最终形成完全自动化的驾驶阶段，即智能网联汽车，人车路云一体化是最终实现目标。

公司车是指由公司或机构购买，供员工在商务或私人生活中使用的汽车。表面上为TO B，实为TO C。公司车是欧洲汽车市场的重要组成部分，在燃油车和电动车的渗透率分别为50%+、60%+。高渗透率的原因在于公司车作为实物福利带来的税收激励效应，这种税收激励效应来自BIK税平摊收入引起的个人所得税的节约。员工在收到公司车时需按一定比例（BIK税率）计入个人收入，因此员工仅需承担个税便可享有汽车使用权，公司承担汽车购置成本、燃油费、税费等。

2019 年9 月 份以来竣工增速转负为正，Q4 竣工面积同比增长17%，虽然2020Q1 受疫情影响，竣工面积下滑16%，但随着房企复工，4 月以来竣工下滑 幅度明显收窄。2016-2018 年我国商品房住宅新开工面积增速分别达到 9%、11%、20%，而竣工面积增速仅为5%、-7%、-8%，竣工与新开工 出现大幅背离。随着前期积累项目接近交付，有望拉动全年竣工需求 快速增长，也拉动瓷砖、门窗、定制家具、洁具等产品需求集中释放， 也在多个上市公司报表中集中提现：2019 年Q2-Q4，江山欧派、三棵 树等企业季度收入同比增速一直保持在55%以上。参考前期项目开工 情况，2020-2021 年相关建材家居部品需求将维持快速增长。

The biggest trend observed in recent years in relation to medical contrast media across the health care is doing more with less or maximizing the utility of the existing technology. The companies, such as Bayer Healthcare, Bracco, and GE Healthcare, have established well upon improved contrast media, particularly for CT and MRI. In the recent years, there have been several issues identified about the deposition of gadolinium in the brain and the body causing many side effects, such as formation of nephrogenic systemic fibrosis (NSF) in the kidneys. However, these controversies have led to the research of new mode of contrast media use from contrast media injectors. One of the major concerns among radiologists is still the perceived risk of radiation from medical imaging, with evidence of many patients avoiding indication related imaging to avoid radiation. In many cancer types, it is realized that the use of high-dose radiation was the cause behind it. However, there are some associations, such as American Association of Physicists in Medicine, which stated that there is no evidence that radiation <100 mGy causes increased cancer incidence or mortality.

Clean label is not only the natural and organic product category, but the food in which ingredients are very few are also considered as clean label. Consumers with increased disposable income are moving toward a vegan lifestyle that mainly includes clean label products; therefore, manufacturers are also adopting new trends in the manufacturing of food and beverages. The food industry has been focusing on innovations in food and beverages according to the demand from the consumers. Manufacturers are focusing on key innovations that cater to the requirements of their target consumers. Rise in awareness toward health and wellness has resulted in increased demand for various types of special clean label ingredients made using organic products. Thus, clean label ingredients are gaining increased traction among food & beverage manufacturers.