国防军工行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600879 | 航天电子 | 2.50 | 10.51 | -58793.46 | | 300696 | 爱乐达 | 6.81 | 43.03 | -40798.53 | | 600967 | 内蒙一机 | -0.42 | 9.07 | -23051.71 | | 600760 | 中航沈飞 | -0.85 | 1.13 | -22875.00 | | 600435 | 北方导航 | -0.18 | 6.74 | -19634.13 | | 002651 | 利君股份 | 3.63 | 27.26 | -18790.51 | | 600150 | 中国船舶 | 2.85 | 2.15 | -12681.49 | | 300395 | 菲利华 | 0.72 | 3.88 | -11965.99 | | 300397 | 天和防务 | -1.40 | 12.97 | -9325.44 | | 300527 | ST应急 | -1 ...

金融界8月5日消息，上证指数高开高走，上证工业行业分层等权重指数 (工业等权，000072)上涨 0.59%，报2788.01点，成交额315.16亿元。 数据统计显示，上证工业行业分层等权重指数近一个月上涨2.60%，近三个月上涨7.46%，年至今下跌 2.06%。 从指数持仓来看，上证工业行业分层等权重指数十大权重分别为：中国电建（2.6%）、小商品城 （2.53%）、中国船舶（2.44%）、航发动力（2.43%）、三一重工（2.43%）、中航沈飞（2.43%）、中 国动力（2.35%）、宇通客车（2.34%）、中国重工（2.33%）、恒立液压（2.32%）。 从上证工业行业分层等权重指数持仓的市场板块来看，上海证券交易所占比100.00%。 从上证工业行业分层等权重指数持仓样本的行业来看，工业占比100.00%。 据了解，上证行业分层等权重指数系列分别选取属于能源、原材料、工业、可选消费、主要消费、医药 卫生、金融、房地产、信息技术、通信服务以及公用事业十一个一级行业的上市公司证券作为指数样 本，并通过权重设置，使二级行业间实现市值加权，二级行业内个券实现等权，为投资者提供多样化的 投资标的。该指数以2 ...

据央视新闻，记者今天（5日）从最高人民检察院获悉，中国航空工业集团有限公司原党组书记、董 事长谭瑞松涉嫌贪污、受贿和内幕交易、泄露内幕信息案，由国家监察委员会、辽宁省朝阳市公安局 分别调查、侦查终结，经最高人民检察院指定，由辽宁省大连市人民检察院审查起诉。近日，大连市 人民检察院已向大连市中级人民法院提起公诉。 检察机关在审查起诉阶段，依法告知了被告人谭瑞松享有的诉讼权利，并讯问了被告人，听取了辩护 人的意见。检察机关起诉指控：被告人谭瑞松利用担任中国航空工业第二集团公司副总经理，中国航 空工业集团公司副总经理等职务上的便利，非法占有公共财物，数额特别巨大；利用担任哈尔滨东安 发动机（集团）有限公司副总经理、总经理，哈尔滨航空工业（集团）有限公司董事长，中国航空工 业第二集团公司副总经理，中国航空工业集团有限公司副总经理、总经理、董事长等职务上的便利， 为他人谋取利益，非法收受他人财物，数额特别巨大；作为内幕信息知情人，在内幕信息敏感期内多 次从事与内幕信息有关的证券交易，并多次泄露内幕信息，明示、暗示他人从事与内幕信息有关的证 券交易，情节特别严重，依法应当以贪污罪、受贿罪和内幕交易、泄露内幕信息罪追究其刑 ...

谭瑞松严重违反党的政治纪律、组织纪律、廉洁纪律和生活纪律，构成严重职务违法并涉嫌贪污、受贿 等犯罪，且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党 纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中 央纪委常委会会议研究并报中共中央批准，决定给予谭瑞松开除党籍处分；按规定取消其享受的待遇； 收缴其违纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。 公开简历显示，谭瑞松，男，汉族，1962年2月出生，湖南攸县人，北京航空学院学士、哈尔滨工程大 学工程硕士、博士，研究员级高级工程师。 他曾任哈尔滨航空工业（集团）有限公司董事长、党委书记，中国航空工业集团公司总经理、党组副书 记等职。 2018年，他任中国航空工业集团有限公司董事长、党组书记。 高检网8月5日消息，中国航空工业集团有限公司原党组书记、董事长谭瑞松涉嫌贪污、受贿和内幕交 易、泄露内幕信息案，由国家监察委员会、辽宁省朝阳市公安局分别调查、侦查终结，经最高人民检察 院指定，由辽宁省大连市人民检察院审查起诉。近日，大连市人民检察院已向大连市中级人民法院提起 ...

（文章来源：央视新闻） 检察机关在审查起诉阶段，依法告知了被告人谭瑞松享有的诉讼权利，并讯问了被告人，听取了辩护人 的意见。检察机关起诉指控：被告人谭瑞松利用担任中国航空工业第二集团公司副总经理，中国航空工 业集团公司副总经理等职务上的便利，非法占有公共财物，数额特别巨大；利用担任哈尔滨东安发动机 （集团）有限公司副总经理、总经理，哈尔滨航空工业（集团）有限公司董事长，中国航空工业第二集 团公司副总经理，中国航空工业集团有限公司副总经理、总经理、董事长等职务上的便利，为他人谋取 利益，非法收受他人财物，数额特别巨大；作为内幕信息知情人，在内幕信息敏感期内多次从事与内幕 信息有关的证券交易，并多次泄露内幕信息，明示、暗示他人从事与内幕信息有关的证券交易，情节特 别严重，依法应当以贪污罪、受贿罪和内幕交易、泄露内幕信息罪追究其刑事责任。 记者今天（5日）从最高人民检察院获悉，中国航空工业集团有限公司原党组书记、董事长谭瑞松涉嫌 贪污、受贿和内幕交易、泄露内幕信息案，由国家监察委员会、辽宁省朝阳市公安局分别调查、侦查终 结，经最高人民检察院指定，由辽宁省大连市人民检察院审查起诉。近日，大连市人民检察院已向大连 市中 ...

Group 1: Strategy Overview - The report emphasizes that the Chinese economy is undergoing a transformation, leading to a "transformation bull market" in the stock market, with expectations for new highs in the future [1][15][16] - Key investment themes include a focus on financials, growth sectors, and certain cyclical industries, as the market adjusts and gains confidence [1][2][3] Group 2: Key Investment Recommendations - The August stock selection includes: 1. Banking: China Merchants Bank 2. Non-bank: CICC and New China Life Insurance 3. Overseas Technology: Tencent Holdings and Kuaishou-W 4. Electronics: Cambricon Technologies, Chipone Technology, and Suzhou Tianmai 5. Computing: Dingjie Smart and Anheng Information 6. Machinery: Hengli Hydraulic and Mingzhi Electric 7. Military: AVIC Shenfei 8. Coal: Shaanxi Coal and Chemical Industry 9. Light Industry: Sun Paper 10. Agriculture: Muyuan Foods 11. Transportation: SF Express 12. Pharmaceuticals: MicroPort Medical 13. Real Estate: China Resources Mixc Lifestyle 14. Utilities: Huadian International Power [1][4][12] Group 3: Banking Sector Insights - The banking sector is expected to face revenue pressure but maintain positive net profit growth, with a gradual recovery in net interest margins anticipated [22][23] - China Merchants Bank is projected to benefit from economic recovery, with an upward revision of net profit growth forecasts for 2025-2027 [25][26][27] Group 4: Non-Banking Sector Insights - The impact of the new tax on bond interest income is expected to be limited for the non-banking sector, with continued optimism for growth in this area [30][32] - CICC is forecasted to see significant profit growth driven by active trading and investment recovery, with an increase in EPS estimates for 2025-2027 [33][34] Group 5: Technology Sector Insights - Major tech companies are increasing capital expenditures significantly, particularly in AI, indicating a robust growth trajectory for the sector [43][45] - Tencent is expected to leverage AI to enhance its core business, with revenue and profit projections being adjusted upwards for 2025-2027 [45][46][47]

Core Viewpoint - The A-share market has seen a collective rise in major indices, with a notable surge in the military industry sector driven by strong performance and upcoming events [1][3]. Group 1: Market Performance - The three major A-share indices closed higher, with the Shanghai Composite Index up by 0.66%, the Shenzhen Component Index up by 0.46%, and the ChiNext Index up by 0.5%, with over 3,800 stocks rising [1]. - The military equipment sector experienced significant gains, with stocks like Hengyu Xintong, Beifang Changlong, and Aileda reaching their daily limit up [3][5]. Group 2: Upcoming Events and Catalysts - The upcoming military parade on September 3, commemorating the 80th anniversary of the victory in the War of Resistance Against Japan, is expected to showcase new domestic military equipment, including drones and hypersonic weapons [9][21]. - The recent unveiling of drone swarm and robotic combat capabilities has attracted attention, indicating advancements in military technology [6][9]. Group 3: Industry Trends and Data - The military industry is experiencing a significant transformation, with the military index achieving three consecutive monthly gains, reflecting a robust market environment [10][11]. - The military sector's transaction volume reached a historical high of 1.5272 trillion yuan in the previous month, accounting for over 4% of the total transaction volume in the market for three consecutive months [11]. - The military trade export data shows a 56.48% increase from the previous decade, with aircraft exports rising by 44.65% and air defense weapon exports increasing by over 450% [14]. Group 4: Investment Insights - The military sector is expected to see a recovery in demand, with a notable increase in military orders and a positive outlook for the second half of the year [21][22]. - The aerospace sector is becoming a focal point for investment, with leading companies like AVIC Shenfei seeing increased fund holdings, indicating strong investor interest [19][22]. - The National Aerospace ETF has attracted significant capital inflow, with a total of over 600 million yuan in net inflow over five days, reflecting heightened investor interest in the aerospace sector [22].

Core Viewpoint - The military industry sector is experiencing a significant surge driven by strong performance and thematic activity, particularly in the context of upcoming military events and positive earnings reports [4][6][27]. Group 1: Market Performance - All three major A-share indices rose today, with the Shanghai Composite Index up 0.66%, the Shenzhen Component Index up 0.46%, and the ChiNext Index up 0.5%, as over 3,800 stocks in the market increased [2]. - The military industry stocks saw a collective surge, with several stocks hitting their daily limit, including Hengyu Xintong and Beifang Changlong, both rising by 20% [8][9]. Group 2: Military Industry Dynamics - The military sector is witnessing a dual boost from thematic activity and performance improvements, with significant attention from investors as the 9.3 military parade approaches [4][6]. - The military industry index has shown a three-month consecutive increase in trading volume, with last month's trading volume reaching 1,527.2 billion, marking a historical high [15]. Group 3: External Factors - Global military budgets are on the rise due to ongoing geopolitical conflicts, which is catalyzing the military sector's performance [19]. - The recent Paris Air Show showcased China's advanced military equipment, potentially expanding its military trade market [19]. Group 4: Fundamental Analysis - The military sector is expected to see a recovery in demand, with key companies poised for significant earnings growth as military contracts are fulfilled [21][22]. - As of the end of July, 42 military stocks reported a combined net profit of nearly 5.6 billion, reflecting a year-on-year increase of over 45% [21]. Group 5: Future Outlook - The upcoming military parade in September is anticipated to have a positive catalytic effect on the military sector, showcasing new generation equipment [27]. - Historical data indicates that military indices tend to show significant excess returns in the months leading up to major military parades [28]. Group 6: Investment Trends - The second quarter saw a notable increase in military stock holdings by public funds, with a 23.14% increase in the scale of military holdings [22][24]. - The aerospace sector is becoming a focal point for investment, with leading stocks like AVIC Shenyang Aircraft Corporation seeing a substantial increase in fund holdings [24].

财通证券指出，当前国防军工行业的PE-TTM（84.92）在过去十年中的分位数为77.27%，航空装备-申万II行业的PE-TTM（76.50）分位数为71.02%，估值水 平处于历史相对高位。区域冲突加剧强化各国安全诉求，全球军费开支进入上行周期，带动军贸市场持续扩容，叠加国产化替代能力提升，军贸逻辑有望驱 动板块重估。 截至2025年8月4日 10:33，中证高端装备细分50指数强势上涨1.67%，成分股航天电子涨停，江航装备上涨7.57%，中国海防上涨4.04%，七一二、北方导航 等个股跟涨。高端装备ETF(159638)上涨1.60%。 兴业研究指出，我国商业航天产业处于从导入到成长的初期阶段，产业热情高，初创企业多，但企业发展不均衡。《关于加强商业航天项目质量监督管理工 作的通知》提出的监管政策通过全寿命周期质量管理、终身追究等机制，为产业规模发展筑牢安全底线，促使企业重视质量和技术建设，进而推动我国商业 航天规范化发展。 流动性方面，高端装备ETF盘中换手1.54%，成交1892.09万元。拉长时间看，截至8月1日，高端装备ETF近1周日均成交6065.76万元。 截至8月1日，高端装备ETF近1 ...

中航证券指出，当前"十四五"规划已步入收官冲刺阶段，八一建军节的余温尚未褪去，九三阅兵的脚步 便已悄然临近，多重时间坐标的叠加，正推动军工板块迎来前所未有的格局重塑。从市场表现来看，军 工板块近期呈现月线三连阳的强势走势，叠加"九三"阅兵的催化效应，板块短期出现冲高行情。在连续 上涨后，部分资金或将短期获利了结、资金落袋为安，板块短期内或将面临一定的波动压力。但抛开短 期市场情绪扰动，军工行业的长期逻辑依旧坚实且清晰。行业的核心驱动力源于"把人民军队建成世界 一流军队"这一战略定性，这构成2027、2035、2050年三阶段目标的底层逻辑，标志着军工又一个黄金 时代的序幕开启。在这一战略指引下，军工行业或将彻底告别此前单纯依靠事件驱动的周期性波动模 式，进入成长与价值并重、景气度持续提升的发展新阶段。 国防ETF紧密跟踪中证国防指数，中证国防指数选取隶属于十大军工集团公司旗下的上市公司证券，以 及为国家武装力量提供武器装备，或与军方有实际装备承制销售金额或签订合同的相关上市公司证券作 为指数样本，以反映国防产业上市公司证券的整体表现。目前跟踪国防军工类的13只ETF中（名字带航 天、国防、军工的ETF），国防 ...