通信行业上半年受新基建政策驱动，整体跑赢大盘，截止至07.13累计涨幅达25.8%。 7月中下旬开始，受5G建设预期推迟，以及美国加大对华为制裁等因素影响，板块走势震荡下行。

The global mobile robot market can be divided into seven sub-segments based on their types, i.e., field robots, cleaning and sanitization robots, inspection and maintenance robots, logistics robots, military robots, hospitality robots, and others.

“Different types of computer-assisted surgical systems can be used for pre-operative planning, surgical navigation and to assist in performing surgical procedures. Robotic-assisted surgical (RAS) devices are one type of computer-assisted surgical system. Sometimes referred to as robotic surgery, RAS devices enable the surgeon to use computer and software technology to control and move surgical instruments through one or more tiny incisions in the patient’s body (minimally invasive) for a variety of surgical procedures.” The surgical robotic systems are a combination of equipment, accessories, software, and services that aid in performing minimally invasive surgical procedures such as gynecology, cardiology, urology, and general surgical procedures.

A microcontroller is a compact integrated circuit, which is designed to manage a specific operation in an embedded system. A typical microcontroller includes a processor, memory, and input/output (I/O) peripherals on a single chip. Microcontrollers are widely used in vehicles, robots, office machinery, medical devices, mobile radio transceivers, vending machinery, and home appliances. Factors such as rapid developments and innovations in the automotive sector, owing to high adoption of internet of things (IoT) are responsible for recent developments in the automotive industry. In addition increase in trend of working through automated machinery and equipment, Technological advancement expands the scope of electronic products. Various industry verticals such as automobiles, smartphones, and healthcare aid the market growth by incorporating touch-sensing capabilities in designs.

2020年1-9月主要品类增速均出现下滑，新品类增长有亮点。根据奥维云网统计，2020年1-9月份空调销售额1222亿元，同比降低23.4%，冰箱销售额630亿元，同比降低4.1%，洗衣机销售额427亿元，同比降低12.7%，厨电销售额370亿元，同比降低13.9%，小家电销售额342亿元，同比降低17.7%。新品类中，洗碗机继续保持20%以上增长，增速达到24.7%，微蒸烤复合机同比增长53.4%。

预计明年家电板块基本面总体表现稳健，空调、部分小家电品类表现相对较好。今年下半年板块估值得到一定修复，明年建议自下而上精选基本面有α的个股。有别于市场的观点：我们认为白电龙头渠道变革有望在明年开始逐步落地。

我们预计，2021 年，工业软件很多卡脖子领域有望实现从零到一的跨越式发展，汽车智能座舱等解决方案需求依然旺盛；而作为“新基建”重点的工业互联网产业，短期仍需要做好基础建设、试点示范工作，中长期潜力巨大；数字建筑理念有望加速推广，BIM等解决方案应用场景将更为广泛。同时，数字产业化方面，我们预计基础软硬件国产化、网络安全、云计算等领域，依然具备较强的增长潜力。2021 年，我们继续看好计算机行业发展，维持行业“强于大市”评级不变。建筑数字化、工业软件及工业互联网领域，强烈推荐广联达，推荐用友网络、东方国信；智能汽车板块，强烈推荐国内智能驾驶舱龙头企业中科创达；数字产业化方面，推荐金山办公、深信服和安恒信息。

近日，苏州已完成10 万名中签个人“数字人民币APP”使用资格的申请工作，每个红包金额为200 元，中签者可通过“数字人民币APP”至苏州地区指定线下商户进行消费。此次参与测试的银行包括工商银行、农业银行、中国银行、建设银行、交通银行以及邮储六家银行，对接包括京东、美团、哔哩哔哩、滴滴出行、善融商务等合作方。

在企业加速上云的大趋势下，零信任相关产品方案优势明显，国内网安厂商积极布局，零信任有望成为行业成长的新动力。相关受益标的包括：奇安信、深信服、启明星辰、绿盟科技、天融信、山石网科、安恒信息、中孚信息等。

基础技术的进步和演进带来的行业机会长期而持久。计算机的通用基础技术进步影响不仅限于单一行业，企业的研究投入也不局限于单一行业，具有放量价值，明年看点或在人工智能。