国有资本强力加持，军工行业百花齐放局面再现。基本面持续向好，行业景气度仍将持续。中国普天拟并入中电科，军工国企改革将加速进行。兼顾估值与成长，继续买入稀缺和优质成长标的。

为实现碳达峰 、 碳中和 的目标，几乎所有行业均面临“加”和“减”的变化。“加”是指 “碳中和 任务下的新增需求，而“减”则来自于供给收缩及结构调整。但不同行业的侧重点和受益程度有所不同，整体可以分成三类：（1 ）“加”上有强新增需求的行业，包括电新、新材料、环保等。
（2 ）“加”“减”两端均有所体现的行业，包括电力、有色、煤炭等。（3 ）“减”上反应生产端有结构调整的行业，包括建材、化工、石化、交运、建筑等。建议重点关注新能源及运营、电解铝、碳纤维、钢结构、垃圾焚烧及煤化工龙头的机会。

A piping spool is a fabricated component of the piping system. Pipe spools can be connected with use of bolts, and flanges. Pipe spools are generally made by using components such as flanges, pipe, fittings, and others. Pipe spools are fabricated from number of connections of valves, flanges, and elbows. The global piping system and piping spools market is segmented on the basis of material, end-user, and region. On the basis of material, it is classified into stainless steel, carbon steel, alloy steel, and others. On the basis of end-user, the market is divided into power plants, petroleum refineries, offshore & marine, chemical & fertilizers, and others.

The increasing dominance of innovations in manufacturing and construction, the need for an increasing number of machines, the growing demand for consumer appliances, and forging machines across all geographies have enabled the industry to focus on improvement in productivity and product innovation. The competitive nature of the automotive, aerospace, IT, and defense industries has led to these sectors demanding high-quality, value-added output through efficient design and stronger sealing and pressure-control abilities. APAC-based vendors are modernizing their sealing and joining products, as the entry of large multinational vendors into these regions has made the industry highly competitive.

The board games market is diverse with variety of board games available both for kids and adults. The market offers huge potential owing to the increased adoption of board games across countries. The global board games market is bifurcated into six segments, namely puzzles, tabletop board games, collectible card games, card and dice games, miniature games, and RPG games. Based on themes, the global board games market is divided into educational, strategy and war, fantasy, sports, among others. Board games are normally sold via two prime modes, i.e., retail and online.

受复工延后新开工下行，1-10 月精装开盘情况同比有较大幅度下滑，但在逐渐缩窄。目前工程端商品住宅开工、销售、竣工情况逐月修复，12 月商品住宅销售同比显著增长，竣工增速亮眼，根据交房模型21 年竣工仍将持续改善，由于16-18 年精装修开盘套数高增长，结构上未来精装房交付逐渐增加，零售渠道价值回归更需重视。

Ammunition is generally identified by measurement. While most of the world uses the metric system, the U.S. commercial market uses the U.S. standard system. The metric system indicates the ratio of diameter to length. For instance, 5.56x45 mm indicates 5.56mm wide and 45mm long. Ammunition come in different types that are used for different applications. Each ammunition is ordinarily referred by its suffix acronym. Following are the different types of ammunition in the global small caliber ammunition market.

Being one of the basic necessities for children, toys play an important and effective role in the growth and development of children from the infant stage to the teen phase. The last decade has been observed as a significant period for the growth of the toys market, which has been highly driven by education, entertainment, interactivity, development and engagement factors that served as fundamental pillars for the surge in market sales. Over the period of time, the toy industry has proven to be remarkably resilient, where a range of threat and opportunities are viable for market players in the coming years. With a wide range of suppliers and distributors, the flexibility of consumers for purchasing has elevated wherein they can choose from renown global vendors or a booming startup in their local regions.