随着疫情状况向好，半导体设备公司二季度业绩大幅改善、趋势向好。行业景气度趋势上行，A 股半导体设备公司国产替代受益空间较大。

投资策略：短期内我们看好军用功率半导体领域的国产替代，长期民用新能源汽车IGBT 想象空间巨大。振华科技在自身经营阻感容、分立器件等军用元器件的基础上，横向收购森未科技后进入IGBT 领域，与其自身的经营范围高度重合。且军用IGBT市场竞争小，替代空间大，短期内能给公司带来业绩与估值的双重抬升。长期看我国电动车发展长期向上趋势不变，随着新能源汽车厂竞争格局的确定，我国民用IGBT 公司龙头效应将凸显。

建议持续关注工程机械板块的龙头主机公司中联重科（000157）、液压零部件公司恒立液压（601100）和塔吊租赁公司建设机械（600984）。

据中国工程机械工业协会统计，8 月纳入统计的25 家挖掘机企业共销售挖掘机2.1 万台，同比增长51%；其中国内1.81 万台，同比增长56%；出口2863 台，同比增长26%。

据中国工程机械工业协会统计，8 月纳入统计的25 家挖掘机企业共销售挖掘机2.1 万台，同比增长51%；其中国内1.81 万台，同比增长56%；出口2863 台，同比增长26%。

The sterilization equipment market is largely driven by increasing risks of cross-transmission in hospitals and other healthcare settings. According to a study conducted by Philip L. Russo et al., published in the Antimicrobial Resistance & Infection Control Journal, 2019, in Australia, the prevalence of patients with a hospital acquired infection (HAI) was 9.9%. The most common HAIs’ were surgical site infection, pneumonia, and urinary tract infection. The incidence is expected to be more in hospitals in developing and underdeveloped countries due to the lack of precautionary facilities. Other factors driving the growth of the market are the increasing number of surgical procedures, globally, primarily due to increasing number of chronic diseases and injuries. Additionally, due to the growth in the pharmaceutical industry, around the world, people are aware of sterilization equipment. These factors have also boosted the market growth. However, high stringent regulatory guidelines for market approval of devices and use of potentially harmful chemicals in these equipment have been restraining the market growth.

上周机械指数上涨 2.86%，差于创业板指（4.76%），但强于上 证指数 （0.68%）和沪深 300（2.65%）。上周光伏设备(中信)（9.27%）、 仪器仪表Ⅱ(中信)（5.75%）等子行业表现居前；半导体设备(中信) （-4.07%） 铁路交通设备(中信)（-0.53%）表现较差。上

海外疫情促进全地形车普及从而吸引新增用户；2）乘国内消费升级春风，高性价比产品具有优势，推荐 有望成为玩乐类车辆全球龙头的春风动力。工程机械方面，2020 上半年疫 情影响减退，工程机械行业销量快速反弹。我们认为，地产基建投资轮动， 2020 年工程机械行业有望维持平稳增长

投资建议：国产半导体清洗设备厂商迎来行业扩容和国产替代的重要机遇：一方面，随着芯片工艺的进步及芯片结构的复杂化，清洗设备量价齐升，行业规模有望扩容；另一方面，受益于国内芯片产线的加速建设和产能爬坡，国内清洗设备厂商通过差异化路线追赶，份额有望快速提升。建议关注国产半导体清洗设备代表盛美股份、北方华创、至纯科技和芯源微。

Turbocharger is an integral part of internal combustion (IC) engine, which improves its performance by increasing the amount of air intake in the combustion chamber with the help of ejected burnt air. The global turbocharger market is expected to exhibit a notable growth in the coming years as these chargers ensure optimum engine performance and enhanced fuel efficiency. Turbochargers swiftly gained popularity as they find wide applications in light commercial vehicles, heavy commercial vehicles, ships & aircraft, heavy duty vehicles, and locomotives, owing to several benefits such as enhanced fuel-efficiency and improved engine performance in terms of power and output.