本周电子指数(0.69%)整体表现强于沪深300 指数(-1.53%)，其中表现较好的为LED 板块。从细分子板块来看，消费电子加权平均涨跌幅为-0.95%，跑赢沪深300 指数0.58 个百分点；被动元件加权平均涨跌幅为2.70%，跑赢沪深300 指数4.23 个百分点；显示面板加权平均涨跌幅为3.30%，跑赢沪深300 指数4.83 个百分点；LED 板块加权平均涨跌幅为6.10%，跑赢沪深300 指数7.62 个百分点；安防板块加权平均涨跌幅为-0.79%，跑赢沪深300指数0.74 个百分点；电子化学品加权平均涨跌幅为1.98%，跑赢沪深300指数3.5 个百分点。

近期产业趋势：2020H1，全球半导体销售额2082亿美元，同比+6.77%，中国半导体销售额714亿美元，同比+5.47%，全球占比35.52%。受疫情影响，产业复苏有所放缓。

投资建议：维持推荐评级。海外疫情对电子板块业绩冲击影响有限，电子行业上市公司2020年第二季度收入和利润增速均有回升，行业上行趋势不变。我们继续看好5G周期和国产替代趋势下电子行业龙头的业绩表现，建议重点关注苹果5G手机、智能可穿戴设备、第三代半导体、液晶面板和Mini LED等细分板块的投资机遇。

An intelligent virtual assistant (IVA) is a software that is developed on artificial intelligence system. It stimulates or provides responses as similar to human interactions and perform particular tasks such as customer service. Virtual assistants are widely being adopted across industry verticals due to machine learning, deep neural networks, and other advancements in artificial intelligence technologies. The intelligence technology integrated into these systems indicates the capacity for understanding, reasoning, and learning. These three are primary key elements that emulate a customer service agent’s ability to response to queries. IVA systems use various interaction methods, which include text-to-text, speech-to-text, text-to-speech, and speech-to-speech, among others to assist users in executing their respective tasks. The global intelligent virtual assistant market has exhibited notable growth in the recent past. However, it is poised to demonstrate an even more robust growth trend during the forecast period. The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the intelligent virtual assistant industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market.

X-ray technology has been commonly associated with the healthcare and R&D sectors for several years. However, in recent times, technology has expanded into the manufacturing environments, which is helping several end-user industries improve the quality of production. Additionally, with the evolution of digital X-ray variants, the price of equipment and operations has considerably gone down, enabling the rapid adoption of X-ray technologies in the manufacturing environments. Some of the initial industries that pioneered the use of X-ray inspection for quality control include the aerospace and defense and semiconductor industries. The innovation of in-line computed tomography (CT) systems was one of the greatest innovations that led to rapid expansion of X-ray inspection technologies in the manufacturing space. One of the first models of inline X-ray systems were introduced in 2010, by North Star Imaging. At present, in-line CTs have become an industry standard for many automotive manufacturers, electronics manufacturers, and several semiconductor industries, where quality control/assurance is the point of focus for physical testing and evaluation of finished products and raw materials. When North Star Imaging first launched its product, it was claimed as one of the fastest systems of that time, which completed an entire scan in under six seconds.

9 月 15 日消息，阿里巴巴准备已久的“新制造”平台“迅犀”（xunxi.com） 终于即将上线。另据天眼查信息显示，天猫淘宝总裁蒋凡是杭州迅犀数字科 技有限公司的董事长和法定代表人，目前该公司注册资金达 3000 万美元。

金 融 IT。发展金融科技成为各大银行重要战略，近年来银行利润的增长也为实 际加大金融科技投入提供基础保障，本轮银行科技支出投向不仅有技术成熟带 来的设备更新换代，还有应对未来变革（如 5G、核心系统国产化等）的提前 部署，相关公司有长亮科技、宇信科技、银信科技等。

在 2020 年前三季度，在新冠疫情一季度快速爆发，经济活动大幅减少， 二季度疫情得到控制，经济活动逐步恢复的背景下，A 股经历了较大幅度 的波动，从 2020 年初到截止 2020 年 9 月 11 日，创业板上涨了 41.1%， 中小板上涨了 29.9%，而代表大盘股的沪深 300 则上涨了 13.0%，上证 50 上涨了 6.6%，而 SW 计算机指数上涨了 26.7%，其上涨幅度大于上 证 50 和沪深 300，落后于创业板和中小板。随着国内经济的逐渐恢复正 常和上市公司经营逐步正常化，市场呈现出震荡上行的态势。经过从年 初到当前的计算机指数的大幅上升，申万计算机板块的估值上升明显， 计算机板块的估值明显上涨，但从近几年的历史估值来看，计算机板块 估值当前处于中上水平。