2019H1 利润增速高于营收，印证交付节奏加快，景气度继续上行。我们依然选取52 家主流军工股作为样本，跟踪军工产业景气情

况。2019 上半年，军工板块实现总营业收入1397.7 亿元（+8.7%）、归母净利75.4 亿元（+23.1%）。截至2019H1 行业总预收293.7 亿元（-32.3%），总应收账款1386.6 亿元（+18.0%）、绝对值创2016 年以来新高，表明武器装备的交付节奏呈加速趋势。

Public safety which refers to the protection of public and critical infrastructure, is usually handled by specialized agencies across various departments, such as EMS, police, and other civil organizations. Owing to the increasing security threats, it has become imperative for public safety agencies to collaborate and share information regarding possible threats to work toward a preventive mechanism to ensure optimal safety. Players in the global public safety market offer several professional services, which include design and consulting to aid in the training and education of customer enterprises and their employees. In the industry systems, safety is vital, as they are highly risky and one wrong step in the process may prove to be dangerous for both the people and the environment.

绿城服务物业管理范围大，在管项目达到1305 个，覆盖全国29 个省、直辖市和自治区以及137 个城市。截止2019H1，绿城服务在管面积为1.842 亿平米，较2018H1 的1.508亿平米同比增长22.1%。截止2019H1，绿城服务储备面积达到2.07 亿平米，较2018H1 的1.603亿平米同比增长29.1%，净增加0.467 亿平米。