报告期内（2022/7/29-2022/8/12）机械设备行业上涨0.46%，跑输 沪深300 指数0.04pct，二级子行业中通用设备、专用设备、自动 化设备、工程机械、轨交设备分别变动2.20%、0.33%、-0.46%、 -0.67%、-1.11%。重点跟踪的三级子行业中，半导体设备、激光设 备、光伏加工设备、锂电专用设备、工控设备分别变动25.92%、 8.20%、-3.25%、-3.26%、-4.43%。

Wood-based products are often prone to corrosion, destruction, and stains. A glossy wood coating prevents damage and increases the durability of wooden products, thus boosting their sales. It also makes wooden products desirable and aesthetically pleasing, thus luring customers into buying them. There are many wood coatings, including exterior wood coating, waterborne wood coating, radiation cure coatings, and wood finishing. Exterior wood coatings are extremely important in the furniture industry as they offer a good finishing and make furniture sturdy.

Desalination is a procedure that helps in separating dissolved salts and other minerals from seawater, brackish water, and groundwater & surface water. It is deemed as an alternative sustainable supply of freshwater with the requisite quality and quantity. The key advantage of desalination is that it can provide high-quality drinking water for consumption in areas of water scarcity. Desalination addresses diminishing freshwater supplies as the countries are looking for solutions to deal with water scarcity caused by climate change, industrial development, pollution, and population growth. Innovations in technology have improved energy efficiency, where larger economies of scale have also aided in reducing costs, thereby assisting in the growth of the overall water desalination market.

UV curable coatings are based on UV curing technology that makes use of ultraviolet light to initiate the reaction. UV-based coating formulations can be applied to a variety of substrates such as paper, wood, metal, and plastic. The technology requires very less space and lesser curing time than conventional technologies. In many cases, the amount of heat generated while curing is also less; therefore, heat-sensitive substrates can also be coated. These UV coatings come in a variety of types such as 100% solids, water-based, solvent-based, pigmented, clear, and various gloss formulations.

Over the past few decades, the pharmaceutical packaging panorama has seen a lot of changes and transformations. The launch of new technologies has lined the way for pharma packaging companies to discover more advanced solutions, enhance their procedures, and drive proficiencies across the supply chain. In the early days, glass medical and drug bottles were common and less costly to manufacture. However, plastic bottles were effective but very costly to produce on a mass scale.

Ultrapure water (UPW) is a highly purified water that has been purified to uncommonly stringent specifications. It is used as a cleaning agent in semiconductor plants. Therefore, the most important factor is that the water is treated to the highest levels of purity for all contaminants. The water should not contain any dissolved impurities that might settle on circuits, thereby leading to the failure of microchips. Hence, the growing applications in the semiconductor industry, especially in APAC and North America, are expected to accelerate the demand for ultrapure water during the forecast period.

7 月基建投资延续增长，稳经济作用凸显，水利投资持续加速。1-7 月固定资产投资累计同比+5.7%（1-6 月同比+6.1%）。具体领域看，7 月单月，房地产/基建（不含电力）/制造业投资分别-12.3%/+9.1%/+7.5%。地产投资持续放缓，连续第五个月同比负增；基建延续强韧性，7 月单月增速较上月小幅提升0.9pct，稳经济效用持续显现。基建细分领域看，7 月单月交运仓储邮政同比+2.1%，增速转正（前值-1.2%）；水利环保市政投资增速连续三月提速，同比+18.4%（前值+18.1%），主要系水利投资加速，同比高增25.8%，较上月增速提升10.7pct。

银行背景维度：各规模等级银行分布均匀。广西共存续140 家商业银行，以农商行与村镇银行为主，城商行仅3 家。区域中小型银行数量较多，注册资本介于1 亿元至5 亿元银行数量达67 家，占比48%，其中桂林银行、广西北部湾银行、柳州银行资产规模超千亿元。区域内银行经营战略以地方经济、民生建设为主。

With electrification being the way forward, OEMs will need to invest in dedicated platforms or start exploring options such as licensing to address the increasing and evolving needs of consumers. Autonomous driving requires a high level of electrical redundancy and drive-by-wire integration, which is possible through ECMs. ECMs offer OEMs the flexibility to make efficient use of available space and focus their efforts on designing the top hats, cutting down the lead time for new models.

微型逆变器定位光伏中小功率段的应用场景，适配价格敏感度相对不高、注重应用属性与品牌的地区。