从工业企业利润来看，Q2 同比转正，7 月份同比增速继续扩大。工业企业利润进一步改善，预计下半年工业企业将开启新一轮补库存周期，企业将有动力加大资本开支，带来机械行业需求向上。机械行业面临的宏观环境比上半年好，行业的投资机会也将更多。建议从确定性和基本面改善方面优选行业，建议关注工程机械、通用自动化、制造服务等细分行业。

Multi-layer ceramic capacitors were first developed in the 1970s and 1980s, but their widespread adoption was possible in the last decade with the development of new dielectric materials and fabrication methods. The MLCC (Multilayer ceramic capacitors) possess unique characteristics like flexibility in size or shape, low cost, ability to withstand high voltages and are considered to most reliable. However, the most crucial characteristic that resulted in their widespread adoption was their ability to pack multiple components into a single package. Each MLCC has hundreds of layers and each layer acts as a separate component. This eliminated the use of additional components in the circuitry. MLCC were at the center of all the technological innovations that happened in the last decade, and they can be considered to be one of the enablers of new innovations in consumer electronics, telecommunications, and energy storage. The impact of MLCC has been such that the new technologies, like IoT, 5G, and EVs, are highly dependent on the availability of MLCCs. This has driven the manufacturer to align the product line and production capacities, to serve the requirements of the technologies.

The global OLED technology market is predicted to show a promising growth during the forecast period owing to the increased demand for energy efficient and eco-friendly lighting products that would consume less energy. This is the major factor driving the global OLED market. OLEDs are primarily used for display and lighting functions. Based on the rapid technological developments, OLED technology has shown drastic improvement in the past few years. The scope of the report discusses the potential opportunities for the market players to enter the global organic LED market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. It features the strategies adopted by the key market players to maintain their foothold in the market.

风光板块：少数龙头的牛市。无惧疫情，全球光伏展现强韧性。龙头马太效应加剧，2020H1 光伏降价通道中，龙头依靠一体化展现出强抗风险能力，加快了市场出清，隆基股份占板块扣非净利润的34%。风电板块，行业仍处于抢装周期中量价齐升阶段，风电上市龙头盈利逆势增长。推荐：隆基股份、通威股份、日月股份、金风科技、天顺风能、福斯特（联合化工组覆盖）。

核心推荐组合：通威股份、隆基股份、宁德时代、南都电源、晶澳科技、爱康科技、宏发股份、恩捷股份、中环股份、东方日升、山煤国际、上海电气、金风科技、迈为股份、福莱特、汇川技术、安靠智电。

事件：2020 年8 月，欧洲多国乘用车继续回暖，电车同比持续高增长，疫情影响式微。德国、法国、英国、挪威、葡萄牙、瑞典、意大利七国本月新能源汽车注册量7.2 万辆，同比上升180%，环比下降17%，渗透率为12%（含纯电动和插电混动）。

进入9 月，锂电池市场整体向好，动力电池需求提速，小动力市场需求火热，价格整体稳中有升。硫酸钴价格5.50 万元/吨，价格与上周持平；电解钴27.70 万元/吨，较上周下降1.77%。碳酸锂价格4.00 万元/吨，价格与上周持平，氢氧化锂价格4.90 万元/吨，价格与上周持平。三元前驱体111,523,622 和811 型价格分别为9.50,8.25,8.85 和9.40 万元/吨，811型价格较上周上涨3.30%； 三元正极523,622 和811 型价格分别为11.95,13.75 和17.45 万元/吨，811 型价格较上周上涨1.16%。

The global smart kitchen appliances market comprises major companies providing smart appliances that have a variety of specifications which include voice assistance, AI/Internet of Things integration, and app controlling features, among others. These are traditional appliances which are been combined with technologies, to aid and provide guidance for kitchen management and cooking in order to make the environment safer for the consumer. The kitchen appliance manufacturers offer a range of smart products to suit the customers’ needs. This varied range of market participants provides opportunities to other players willing to bear the high risks involved in the industry. This chapter provides the latest strategies and developments adopted by the key market players in the global smart kitchen appliances market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the companies with less capital to expand, bring new products and services to the market, and improve the existing products.

基于光储叠加虚拟电厂的大蓝海及对分布式运营商的预期差，受益标的国内户用龙头正泰电器(601877.SZ)、中来股份（300393.SZ），分布式电站和电站运营商林洋能源（601222.SH）、晶科科技（601778.SH）、太阳能（000591.SZ）

2020 年以来，欧洲诸国新能源车补贴持续加码，优质供给驱动叠加需求刺激，销量确定性高增长。7 月国内、海外市场销量共振，8 月料将进入增长快车道。2020 年是欧洲新能源汽车的大年，持续看多欧洲放量，推荐LG 产业链-特斯拉产业链-大众MEB 产业链，推荐各环节龙头企业，宁德时代、恩捷股份、璞泰来、科达利、当升科技、宏发股份等。