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图1美联储历次加息/降息及扩表/缩表时间线梳理-行业数据

图1美联储历次加息/降息及扩表/缩表时间线梳理
图1美联储历次加息/降息及扩表/缩表时间线梳理
2023 年 8 月开始，美联储连续暂停加息 10 次后，今年 5 月宣布将每月国债赎回上限由600 亿美元放缓至 250 亿美元，维持机构债和 MBS 减持上限在 350 亿美元。随着 2024年 9 月美联储初次降息 50bps，美联储缩表的终点也在“无限接近”。
产业概述 下载Excel 下载图片 原图定位
图片属性
图片格式：PNG 图片大小：198KB 图片尺寸：2316*971
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第1页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第2页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第3页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第4页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第5页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第6页
图1美联储历次加息/降息及扩表/缩表时间线梳理_第7页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第8页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第9页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第10页
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<p><strong>电子元件分类</strong><br/></p><p>电子元件的种类主要分为主动元件和被动元件。其中主动元件主要有分立器件、模拟<a ><strong>集成电路</strong></a>、数字集成电路等。而被动元件主要分为RCL器件、射频器件、其他。其中电阻、电容、电感、晶体管及形形色色的集成电路也是电子元件。其主要特点分别是：</p><p><strong>1、电阻</strong></p><p>电阻是电子电路中最常用的电子元件，在使用的电子元件中所有的电子产品里面都离不开电阻。电阻的种类很多，常用的电阻有碳膜电阻、金属膜电阻及水泥电阻。电阻在电子电路中的作用有分压、限流、取样等。</p><p><strong>2、电容</strong></p><p>而电容也是最常用的电子元件，种类也很多。按所用的材料分，主要有电解电容、瓷片电容、独石电容、有机薄膜电容，这些电容各有优缺点，其中铝电解电容体积小、容量大，但高频性能较差。一般作为滤波电容或蓄能电容，瓷片电容、独石电容的高频性能较好，但其容量不大，一般作为高频滤波电容。电容在电子电路中的作用有滤波、振荡、选频、耦合等。</p><p><strong>3、电感</strong></p><p>电感常用的电子元件，但其在电路中用的不多。电感在电路中常与电容组合使用作为滤波、谐振、选频，在DC-DC升降压电路中，电感与三极管或集成电路组合使用可以实现升压或降压。</p><p><strong>4、二极管</strong></p><p>二极管是电子电路中常用的半导体器件，它的种类很多。按用途可分为整流二极管、检波二极管、开关二极管、稳压二极管、变容二极管、光敏二极管等。二极管在电路中作用为整流、检波、稳压、限幅、保护等。</p><p><strong>5、三极管</strong></p><p>三极管也是电子电路中最常用的元件，其应用可以分为线性应用及非线性应用。线性应用主要是构成各种放大器及线性稳压电源，非线性应用主要是作为各种电子开关去控制负载的通断。</p><p><strong>6、集成电路</strong></p><p>集成电路使用非常方便，只要外接一些电阻、电容等元件即可实现某种功能。其种类相当多，可以分为线性集成电路、数字集成电路及数模混合集成电路。线性集成电路主要有前置放大器、功率放大器及各种运算放大器。数字集成电路主要有各种门电路、触发器、锁存器、计数器等。常用的数字集成电路主要有74LSO0、74HCO0、CD4000等系列。</p><p style="text-align: center"><img src="https://www.sgpjbg.com/FileUpload/ueditor_s/upload/2021-5/27/6375772107530317253229808.png" title="电子元件分类情况" alt="电子元件分类情况"/></p><p><strong>电子元件上市公司排名</strong></p><p><strong>1、<a href="https://www.sgpjbg.com/baogao/31200.html" target="_blank">京运通</a></strong></p><p>主要产品包括多晶硅锭及硅片、区熔单晶硅棒,其中多晶产品主要应用于光伏领域。区熔单晶硅棒具有纯度高、抗压性好等优点,可满足大功率电子器件的应用需求。</p><p><strong>2、航天彩虹</strong></p><p>主要产品为聚丙烯电子薄膜产品,分为&quot;基膜&quot;和&quot;金属化膜&quot;两大类。航天彩虹我国最大的专业电子薄膜制造企业之一,现已成为国内超薄型耐高温聚丙烯电子薄膜和金属化安全膜的主导供应商之一。主要产品在技术水平、产品质量等方面处于行业领先地位,其中超薄型薄膜、耐高温薄膜、安全防爆膜和高压电力电容器薄膜等高端产品的竞争优势显著。</p><p><strong>3、振华科技</strong></p><p>振华科技是西部最大的新型军工电子元器件基地，产品市场占有率居前三名。其主导产品在性能、质量和市场占有率方面均在国内同类产品中处于先进水平，中国电子集团旗下公司。</p><p><strong>4、联创光电</strong></p><p>联创光电主营业务为光电子器件及应用产品、电线电缆产品的研发、生产和销售,其中光电子器件及应用产品主要包括LED芯片、显示及照明用LED器件及组件、背光源及组件、智能控制器及模块。广泛应用于家电智能控制、手机、平板、车载及电脑等背光源显示、照明用LED灯具、军工应用等领域;电线电缆产品主要包括有线电视电缆、移动通信用同轴电缆、光纤光缆、电力电缆等,广泛应用于通讯产品及相关设备、计算机网络、电子消费品、电力等领域。</p><p><strong>5、大控</strong></p><p>报告期内,公司原有电子行业剩余2个下属子公司,主要业务为从事大宗商品贸易。</p><p><strong>6、中航光电</strong></p><p>国内专业致力于光、电连接器技术研发、生产、销售，并全面提供整套连接器应用解决方案的知名军工企业。公司的主要产品有连接器、光器件、光电
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<p style="margin-bottom: 20px; line-height: 1.75em;">中国家装行业在房地产经济的带动下，近年来发展迅猛，且随着互联网行业的发展，中国家装行业数字化势在必行。目前中国家装行业数字化还存在着许多问题，并且应当抓住重心才能使行业蓬勃发展。</p><p style="margin-bottom: 20px; line-height: 1.75em;"><strong>一、中国家装行业数字化的核心痛点</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;"><strong>标准化与消费者信任缺失犹在</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;">家装品类众多、服务商参差不齐、行业标准缺失都阻碍行业进一步发展，消费者信任缺失问题仍在。</p><p style="text-align: center"><img src="https://www.sgpjbg.com/FileUpload/ueditor_s/upload/2021-4/2/6375297880420132593427191.png" title="中国家装行业数字化的核心痛点之消费者分析.png" alt="中国家装行业数字化的核心痛点之消费者分析.png"/></p><center></center><p style="margin-bottom: 20px; line-height: 1.75em; text-align: center;"><strong>图1 中国家装行业数字化的核心痛点之消费者分析</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;">目前家装行业仍面临产品难以标准化、服务流程难以标准化的问题，在行业没有形成有序、清晰的标准之前，消费者信任缺失将会长期存在。一方面标准化普及会随行业集中度上升而加强;另一方面，数字化手段可以有效拆解各个环节，逐个击破、总体联通将带来标准化变革。图1中主要显示的是消费者担心和不满的环节。</p><p style="margin-bottom: 20px; line-height: 1.75em;"><strong>流量困局未解</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;">家装行业特性带来天然的流量困局，在渠道和流量分化趋势下，数字化能带来更多流量转化可能性</p><center></center><p style="text-align: center"><img src="https://www.sgpjbg.com/FileUpload/ueditor_s/upload/2021-4/2/6375297881640571032022209.png" title="中国家装行业数字化的核心痛点之流量分析.png" alt="中国家装行业数字化的核心痛点之流量分析.png"/></p><p style="margin-bottom: 20px; line-height: 1.75em; text-align: center;"><strong>图2 中国家装行业数字化的核心痛点之流量分析</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;">图2中向我们显示了创痛家装行业的流量垂直和横向营销。以及通过直观的图表显示了传统家装造成线下卖场流量困境的主要原因。家装行业超低频使得垂直单品类流量引入的流失率较高，依靠客户转介和多品类导流能有效提高留资和转换，但随着渠道分化、线上渠道壮大，消费者分流现象已经成为流量困境的主要原因，因此利用数字化方案进行多渠道管理、全景的消费者管理才能更好的缓解流量问题。</p><p style="margin-bottom: 20px; line-height: 1.75em;"><strong>二、中国家装行业数字化的重心</strong></p><p style="margin-bottom: 20px; line-height: 1.75em;">目前多个产业主体关注的数字化核心是消费者链接环节。多个产业主体关注的数字化核心，也将是家装行业最先引爆数字化变革带来价值的环节。品牌商均在加强全域、全渠道数字化消费者链接能力，卖场还在线下数字化服务体验发力。</p><p style="text-align: cent
图1美联储历次加息/降息及扩表/缩表时间线梳理_第25页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第26页
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图1美联储历次加息/降息及扩表/缩表时间线梳理_第27页
图1美联储历次加息/降息及扩表/缩表时间线梳理_第28页
图1美联储历次加息/降息及扩表/缩表时间线梳理_第29页
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所属报告： 宏观专题美联储货币政策系列：联储缩表从哪里来到哪里去？-241101（18页）.pdf
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