Fencing is a structure or barrier used to protect or divide a property by enclosing or bordering it. The rising concern for security and safety and increasing consumer interest toward home décor and improvement are driving the global fencing market. Fencing is of two types, which includes fixed and temporary. Fixed fences are those that stay for a longer duration with minimal repairs, whereas temporary fences stay in place for a shorter period and are not required to be constructed sturdily. These fencing majorly come in materials such as metal (particularly aluminum and steel), wood, plastic & composite, and concrete. Metal fencing dominated the market and accounted for a share of 48.08% in 2020, followed by wood with a share of 25.35%. Metal dominates the segment due to the increasing demand for barbed wire fences, which provide higher security. For privacy fencing, wood is a stylish and great fencing option. The demand for wood used in fencing has been higher in Western Europe and Nordic countries. These countries lead the demand for wooden fencing compared with other countries.

国防科技工业是国家巩固国防和推行军事战略的重要物质基础。一个国家国防科技工业竞争力的强弱，不仅在很大程度上决定其自身的安全，而且也影响着其周边的军事态势。当今世界，如果没有强大竞争力的国防科技工业作为支撑，一个国家就不可能建立起维护国家安全的强大军队，其经济利益的拓展、国家安全的维护也就无法保证。国防科技工业竞争力是事关国家安全和经济建设全局的大事。提升国防科技工业竞争力，是当今世界各国所普遍关注的问题。

淄博陶瓷声誉甚好，淄博制瓷历史悠久，陶瓷产业是淄博市的特色产业，利用SWOT模型进行分析，全面梳理淄博陶瓷产业的优势（S）、劣势（W）、机遇（O）和威胁（T）四大影响因素，通过SWOT战略四边模型分析得出淄博陶瓷产业当前最适宜的战略是由优势（S）与机遇（O）组合构成的SO进取型战略，在此基础上，提出对策建议，以使得淄博陶瓷产业发展在新形势下实现更好的发展。

A pool table is a bounded table used for cue sports. In the modern era, all pool tables, whether for carom, billiards, pool, pyramid, or snooker, have a flat surface made of quarried slate that is covered with cloth and surrounded by rubber cushions, with the entire thing elevated above the floor. Specific terms, such as snooker table and billiard table, are used for specific sports, and different-sized billiard balls are used on these table types.

内销家居板块：1-7 月新房销售面积同增22.7%，龙头领先优势凸显，集中度提升趋势不改。关注包装企业，主业稳健增长，看好铝塑膜新业务的国产替代机会。中国有望成为全球最大的碳交易市场，林业碳汇为CCER 项目中的“黄金”。

军工板块将在高景气度的背景下持续成为机构配置的偏好类板块（超配代表偏好为正），近期H1持股比例较高个股出现的趋势为长期成长价值化趋势。机构持仓对于长期成长确定性高的行业细分寡头明显增配，机构对赛道细分行业寡头的集中持股趋势已显现。我们预计以上趋势将持续，持续看好军工中长期赛道寡头企业的长期价值。近期调整后，已再次进入行业指数PE-TTM的下半区（50%以下），考虑到近年快速的EPS增长，分位比例将较快速度下降，推荐关注。

总的来看，8 月制造业生产经营活动明显放缓，出口订单继续大幅回落拖累新订单指数回落至萎缩区间，显示需求端承压，或对接下来的生产活动形成拖累。从不同类型企业来看，大型企业生产需求均现回落，且小企业需求端进一步下滑，需求不足仍是未来企业景气恢复的最大掣肘。