Core Insights - The defense and military industry saw a significant increase of 4.18% on January 8, with a net inflow of 6.773 billion yuan in main funds, leading the market in terms of growth [1][2] Market Performance - The Shanghai Composite Index fell by 0.07% on the same day, with 20 out of the 28 sectors experiencing gains, while the non-bank financial and non-ferrous metals sectors faced declines of 2.81% and 1.56%, respectively [1] - The defense and military sector had 138 stocks, with 131 rising, 12 hitting the daily limit, and only 7 declining [2] Fund Flow Analysis - The defense and military sector had a total net inflow of 6.773 billion yuan, with the aerospace electronics stock leading the inflow at 1.850 billion yuan, followed by Hailanxin and Inner Mongolia First Machinery with inflows of 0.887 billion yuan and 0.799 billion yuan, respectively [2] - In contrast, the electronic sector experienced the largest net outflow of 17.107 billion yuan, followed by non-ferrous metals with a net outflow of 10.678 billion yuan [1] Top Gainers in Defense Sector - Notable gainers in the defense sector included: - Aerospace Electronics: +10.00% with a turnover rate of 11.91% and a main fund flow of 1.850 billion yuan - Hailanxin: +20.00% with a turnover rate of 25.70% and a main fund flow of 0.887 billion yuan - Inner Mongolia First Machinery: +9.98% with a turnover rate of 8.86% and a main fund flow of 0.799 billion yuan [2] Top Losers in Defense Sector - The stocks with the highest net outflow included: - Aerospace Development: -0.35% with a net outflow of 1.429 billion yuan - China Satellite Communications: -1.50% with a net outflow of 0.726 billion yuan - North Navigation: -6.31% with a net outflow of 0.570 billion yuan [3]

Group 1 - The core point of the news is that President Trump proposed a military budget of $1.5 trillion for 2027, representing a 66% increase from the previous budget of $901 billion for 2026, citing the current turbulent and dangerous times [1] - The commercial aerospace sector is experiencing a strong recovery, with defense and military performance outperforming satellites, attributed to the importance of rocket reusability, particularly in engines and electronic control systems [1] - The defense industry is expected to gradually enter a recovery phase by 2026, with an upward trend in military spending anticipated due to new five-year plans and the goal of achieving a century of military development by 2027 [1] Group 2 - As of January 8, 2026, the China Securities Defense Index rose by 4.46%, with significant gains in component stocks such as Aerospace Nanhai (up 19.52%) and Aerospace Electric (up 10.01%) [2] - The Defense ETF closely tracks the China Securities Defense Index, which includes listed companies under major military groups and those providing equipment to the armed forces, reflecting the overall performance of the defense industry [2] - The top ten weighted stocks in the China Securities Defense Index as of December 31, 2025, include Aerospace Electronics and Aero Engine Corporation, collectively accounting for 42.34% of the index [2]

Market Overview - The ground equipment sector increased by 0.71% on January 7, with North Navigation leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - North Navigation (600435) closed at 19.82, with a rise of 9.99% and a trading volume of 984,300 shares, totaling a transaction value of 1.908 billion [1] - Galaxy Electronics (002519) closed at 8.62, up 9.95%, with a trading volume of 151,300 shares and a transaction value of 130 million [1] - Other notable stocks include: - Mucai Science and Technology (000576) at 10.64, down 0.56% [1] - Tianzuo Equipment (300922) at 24.10, down 0.78% [1] - Zhongbing Hongjian (000519) at 18.86, down 1.10% [1] Capital Flow - The ground equipment sector experienced a net outflow of 222 million from institutional investors and 146 million from retail investors, while retail investors saw a net inflow of 368 million [2] - The detailed capital flow for key stocks shows: - North Navigation had a net inflow of 34.1 million from institutional investors [3] - Galaxy Electronics saw a net inflow of 13.54 million from retail investors [3] - ST Emergency (300527) had a significant net outflow of 21.11 million from institutional investors [3]

控股股东的一致行动人山西北方机械控股有限公司、北方置业集团有限公司保证向本公司提供的信息真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 证券代码：600967 证券简称：内蒙一机 公告编号：临2026-001号 内蒙古第一机械集团股份有限公司 关于控股股东的一致行动人权益变动触及1%刻度的提示性公告 登录新浪财经APP 搜索【信披】查看更多考评等级 重要内容提示： ■ 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 ■ 2.信息披露义务人信息 ■ 3.一致行动人信息 ■ 二、权益变动触及1%刻度的基本情况 近日，公司收到控股股东的一致行动人山西北方机械控股有限公司、北方置业集团有限公司的通知，获 悉其于2025年11月20日至2026年1月6日通过集中竞价方式累计减持公司股份555.0288万股，占公司当前 总股本的0.33%。本次权益变动后，控股股东内蒙古第一机械集团有限公司及其一致行动人的持股比例 由57.21%减少至56.88%，权益变动触及1%整数倍，相关情况如下： 4.公司将继续严格遵守相关规定，及时履行信息披露 ...

格隆汇1月6日丨内蒙一机(600967.SH)公布，近日，公司收到控股股东的一致行动人山西北方机械控股 有限公司、北方置业集团有限公司的通知，获悉其于2025年11月20日至2026年1月6日通过集中竞价方式 累计减持公司股份555.0288万股，占公司当前总股本的0.33%。本次权益变动后，控股股东内蒙古第一 机械集团有限公司及其一致行动人的持股比例由57.21%减少至56.88%，权益变动触及1%整数倍。 ...

1.身份类别 | | ☑控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用于 | | | 无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | | | 山西北方机械控股有限 | ☑ | 控股股东/实控人的一致行 | 911400003468366659 ☑ | | 公司 | | | | | | 动人 | | □ 不适用 | | | □ | 其他直接持股股东 | | 证券代码：600967 证券简称：内蒙一机 公告编号：临 2026-001 号 内蒙古第一机械集团股份有限公司 关于控股股东的一致行动人权益变动 触及 1%刻度的提示性公告 控股股东的一致行动人山西北方机械控股有限公司、北方置业集团有限公司保证 向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈 ...

Market Performance - The ground equipment sector increased by 3.17% compared to the previous trading day, with North Navigation leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up by 1.5%, while the Shenzhen Component Index closed at 14022.55, up by 1.4% [1] Individual Stock Performance - North Navigation (600435) closed at 18.02, with a rise of 10.01% and a trading volume of 1.25 million shares, resulting in a transaction value of 2.155 billion [1] - Galaxy Electronics (002519) closed at 7.84, up by 9.96%, with a trading volume of 638,200 shares and a transaction value of 493 million [1] - Optoelectronic Co. (600184) closed at 20.44, increasing by 5.63%, with a trading volume of 376,600 shares and a transaction value of 758 million [1] - Other notable stocks include China Weapon Red Arrow (000519) at 19.07 (+3.08%), Inner Mongolia First Machinery (600967) at 17.50 (+1.92%), and Ganhua Science and Technology (000576) at 10.70 (+1.61%) [1] Capital Flow Analysis - The ground equipment sector saw a net inflow of 564 million from main funds, while retail funds experienced a net outflow of 173 million [2] - The main funds' net inflow for North Navigation was 55 million, accounting for 25.51% of its trading volume, while retail funds had a net outflow of 25.6 million [3] - Galaxy Electronics had a net inflow of 96.1 million from main funds, with a net outflow of 53.5 million from retail investors [3]

Market Overview - The ground equipment sector increased by 0.02% on December 31, with North Navigation leading the gains [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Stock Performance - North Navigation (600435) closed at 15.42, up 2.80% with a trading volume of 783,100 shares and a turnover of 1.194 billion yuan [1] - Inner Mongolia First Machinery (600967) closed at 16.80, up 1.82% with a trading volume of 425,900 shares and a turnover of 709 million yuan [1] - Galaxy Electronics (002519) closed at 6.48, up 1.41% with a trading volume of 1,718,400 shares and a turnover of 1.113 billion yuan [1] - Other notable stocks include China Ordnance (000519) at 18.21 (+1.39%), and Ganhua Science and Technology (000576) at 10.53 (+1.25%) [1] Capital Flow - The ground equipment sector experienced a net outflow of 93.73 million yuan from institutional investors and 80.86 million yuan from retail investors, while retail investors saw a net inflow of 175 million yuan [2] - The detailed capital flow for key stocks shows that Inner Mongolia First Machinery had a net inflow of 97.18 million yuan from institutional investors, while North Navigation had a net inflow of 61.32 million yuan [3] - Conversely, stocks like ST Emergency (300527) and Jiekang Equipment (300875) faced net outflows from institutional and retail investors [3]

Group 1 - Inner Mongolia First Machinery Group Co., Ltd. (Inner Mongolia Yijian) experienced a stock price increase of 1.03%, reaching 16.67 CNY per share, with a trading volume of 231 million CNY and a turnover rate of 0.83%, resulting in a total market capitalization of 28.369 billion CNY [1] - The company, established on December 29, 2000, and listed on May 18, 2004, specializes in the research, development, manufacturing, sales, and asset management of wheeled armored vehicles, artillery series military equipment, railway vehicles, and vehicle components [1] Group 2 - The top circulating shareholder of Inner Mongolia Yijian is the Fortune Fund, which increased its holdings in the Fortune CSI Military Industry Leaders ETF (512710) by 3.0254 million shares, bringing the total to 19.2144 million shares, representing 1.13% of the circulating shares [2] - The Fortune CSI Military Industry Leaders ETF (512710) was established on July 23, 2019, with a current scale of 14.69 billion CNY, achieving a year-to-date return of 22.23% and a one-year return of 20.92% [2]

Macro and Strategy - The fixed income investment strategy focuses on long-term bond wave operations, with a significant decline in default amounts in December, indicating a potential recovery in credit markets [7][8] - Domestic economic growth is expected to slow down, with GDP growth forecasted at approximately 4.3% for Q4 2025, remaining within the government's target range of around 5% [7][8] - The monetary policy meeting in Q4 removed references to "low price operation," indicating a shift in focus towards addressing supply-demand imbalances in the economy [8] Industry and Company - In the transportation sector, improvements in oil exchange rates are beneficial for the airline sector, while leading express companies are strengthening their competitive advantages [3][20] - The banking sector is expected to perform well leading up to the Spring Festival, with historical data showing a high success rate for bank stocks during this period [24][25] - The mechanical industry is seeing significant developments, with the establishment of a standardization committee for humanoid robots and ByteDance planning to invest $23 billion in AI [26][27] - The social services sector has seen a notable increase in duty-free sales in Hainan, with a 54.9% year-on-year growth, indicating strong consumer demand [33][34] - The express delivery industry is benefiting from price increases due to anti-involution policies, with major players like ZTO and YTO showing improved growth rates [22][23]