This class includes: Manufacture of non-refractory ceramic hearth or wall tiles, mosaic cubes etc. Manufacture of non-refractory ceramic flags and paving Manufacture of structural non-refractory clay building materials: Manufacture of ceramic bricks, roofing tiles, chimney pots, pipes, conduits etc. Manufacture of flooring blocks in baked clay Manufacture of ceramic sanitary fixtures

This data equals output data for the following ISIC Rev. 4 code: 2396 Cutting, Shaping and Finishing of Stone This class includes: Cutting, shaping and finishing of stone for use in construction, in cemeteries, on roads, as roofing etc. Manufacture of stone furniture This class excludes: Production of rough cut stone, i.e. quarrying activities, see ISIC Code - 0810 Production of millstones, abrasive stones and similar products, see ISIC Code - 2399 Activities of sculptors, see ISIC Code - 9000

This data equals output data for the following ISIC Rev. 4 code: 2394 Manufacture of Cement, Lime and Plaster This class includes: Manufacture of clinkers and hydraulic cements, including Portland, aluminous cement, slag cement and superphosphate cements Manufacture of quicklime, slaked lime and hydraulic lime Manufacture of plasters of calcined gypsum or calcined sulphate Manufacture of calcined dolomite This class excludes: Manufacture of refractory mortars, concrete etc., see ISIC Code - 2391 Manufacture of articles of cement, see ISIC Code - 2395 Manufacture of articles of plaster, see ISIC Code - 2395 Manufacture of ready-mixed and dry-mix concrete and mortars

综上所述，做进一步思考：（1）在年初4 月那个节点，无论是从大会约束下的底线风险，还是从收益率水平的角度考虑，除了短债，机构或会做出投超过1年期品种的决策，毕竟无论是票息还是资本利得，都可期待。（2）走到当下节点，陡峭化的津城建更加“陡峭”了，市场已有了相应的答案，而我们从或有冲击因素以及基本面支撑两方面结合分析来看，再进一步博弈超过1 年的品种性价比不高，集中在短端寻找收益空间或可做进一步考虑和评估。（3）对应还有一种考虑：相比超过1 年的津城建，是否可以换位考虑天津其他主体的短端博弈？但以上相关讨论的前提是：机构先决定要在参与天津上做收益。

Caterpillar and Komatsu are construction, mining, and utility vehicle companies. John Deere and CNH Industrial offer agricultural and construction equipment. AGCO is purely agricultural. The COVID-19 pandemic created a need for digitization due to the slowdown of work and reduced workforce in 2020. The industry started recovering in mid-2020 in the farming segment and early 2021 in construction and mining globally. In China, the recovery began in mid-2020 in all segments.

In 2022, the Iranian government announced 48 industrial and infrastructure projects worth $19 billion, which are expected to reduce the impact of sanctions and jump-start economy. To boost economy and improve investments in energy, oil & gas, petrochemicals, infrastructure, and industrial sectors, the Iranian government aims to complete over 2,423 miles of new railway lines and roads by March 2022.

本文我们试图从多角度论述光伏幕墙、光伏屋顶两个分布式主要应用场景的多维度差异，以更好的把握BIPV 产业发展前景及相关企业投资机会。