刀具行业：材料、涂层、设计是刀具核心壁垒，2019 年国内接近 400 亿元规模。竞争格局：欧美、日韩、国产组成三大阵营，竞争格局较为分散。建议重点关注民企龙头华锐精密、欧科亿。1）华锐精密：发展历经 3 个阶段，核心研发人员背景过硬。2）欧科亿：主要生产硬质合金制品、数控 刀具产品两类产品，董事长领衔核心技术团队。

2021 年一季度以来板块出现较为明显的回调，期间主动基金持仓有所回落，但是被动基金持仓创新高。从个股持仓变动看，机构投资者加仓较多主要为低估值、基本面稳健型个股和业绩表现强劲个股。Q1 主动基金的标的偏好上防守属性增强，且更看中基本面和业绩。我们认为目前板块多数质优标的已进入估值合适甚至偏低区间，同时已披露一季报公司整体表现强劲，迎来十四五首年开门红，预期随着后续业绩的逐季兑现，板块关注度和持仓有望重新回升。建议关注：中航重机(600765，买入)、钢研高纳(300034，买入)、中航光电(002179，买入)、航天电器(002025，买入)、振华科技(000733，增持)、火炬电子(603678，未评级)、中航电测(300114，买入)、光威复材(300699，买入)、利君股份(002651，买入)、振芯科技(300101，未评级)、航发动力(600893，未评级)、新光光电(688011，买入)、西部材料(002149，未评级)、电科院(300215，未评级)、三角防务(300775，未评级)等。

我们根据公募基金2021 年一季报报整理了前十大重仓股中军工股变动数据，供各位投资者参考。对A 股127 个主要军工标的进行统计，剔除被动指数基金后，公募基金2021Q1 前十大重仓股中军工股市值579.72 亿元，占比2.18%，相比2020Q4 下降0.66 个百分点。

Golf is a popular game that is played in more than 190 countries, while the top 20 countries currently account for almost 90% of the global golf courses. The US witnesses the highest participation in golf, accounting for more than 40% of the global share of the game. Apart from the US, the UK, Australia, Canada, Germany, France, Spain, and New Zealand too account for a significant share of the golf playing population.

An ice maker, which is also known as ice generator or ice machine is an appliance that generates ice artificially. There are different types of ice maker available in the market. These include food processing, healthcare, retail outlets, food service, and others. The global ice maker market is analyzed on the basis of its prospects and future growth rate. The report highlights numerous factors that influence the growth of the market. These include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. By application, the market is divided into retail outlets, food service, food processing, healthcare, and others. Moreover, the report focuses on different types of ice maker including countertop ice maker, undercounter ice maker, modular ice maker, and ice dispenser. Furthermore, it includes the revenue generated from the sales of ice maker across North America, Europe, Asia-Pacific, and LAMEA.

Fuel dispenser is an important device in fuel stations, which is used to dispense or monitor liquid or gaseous fuel. It is used to pump liquid or gaseous fuels such as petrol, diesel, and natural gas into vehicles, aircrafts, storage tanks, or portable containers. Fuel dispenser system includes various parts including hydraulic, metering, and hose/nozzle portions. Design and construction of these systems depend on various factors such as number of grades, volume of business, fuel products, and facility size. Dispensers simultaneously deliver fuel and calculates the price of fuel delivered into the vehicle.

Folding bikes are a form of bicycles, which can be folded in a way that they occupy less space and at the same time are lighter in weight so that they can be carried easily from one place to another. When folded, the bikes can be more easily carried into buildings, on public transportation and more easily stored in compact living quarters or aboard a car, boat, or plane. Depending on the design of the bikes, the folding structure varies from model to model, which helps in folding the bikes so that it occupies less space. The folding bikes market has witnessed significant growth over the years, owing to increasing trend of advanced vehicles which occupy less space; thus, leading to the growth of the global market.

Robo-advisor is a financial advisor who provides portfolio management and financial planning services online, without little or no human intervention. These services are offered by a wide variety of financial institutions. Robo advisors offer digital financial advice based on mathematical rules or algorithms, which are executed by software. Robo advisors exhibit various benefits over traditional investment management services which include low fees, re-evaluation, and simpler strategic approach for assets allocation. In addition to this, rising cost of financial planners across the globe have increase the adoption of robo-advisor among various end users. It provides convenience to investors for investing in different asset classes conveniently through mobile phones or web applications. Furthermore, it provides full access to portfolio management tools, which offer more flexibility and security to users.

A stylus is a pen-shaped electronic instrument with a round design that moves smoothly across different touchscreen devices. This instrument is used to navigate on a tablet, phone, or interactive white boards. It is widely used for variety of work such as write in apps for taking notes, drawing, swipe for navigating, touch & hold to copy and paste, and tap on touchpad or screen keyboards to select button choices. Stylus pen allows quick & easy data storage in digital form in touchscreen-based electronic gadgets, owing to the fact that information or data written in analog form automatically gets changed into digital form, which makes it fit for wider usage across different industry verticals.