Market Performance - The ground equipment sector increased by 2.3% on August 5, with North China Long Dragon leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Individual Stock Performance - North China Long Dragon (301357) closed at 131.58, up 14.64%, with a trading volume of 160,700 shares and a transaction value of 2.015 billion [1] - Great Wall Military Industry (601606) closed at 42.71, up 9.99%, with a trading volume of 893,300 shares and a transaction value of 3.784 billion [1] - Galaxy Electronics (002519) closed at 5.48, up 8.09%, with a trading volume of 2,480,300 shares and a transaction value of 1.363 billion [1] - Other notable performances include: - Jieqiang Equipment (300875) up 5.70% - Ganhuakegong (000576) up 3.48% - Zhongbing Hongjian (000519) up 1.34% [1] Capital Flow Analysis - The ground equipment sector experienced a net outflow of 573 million from institutional investors, while retail investors saw a net inflow of 543 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow for Selected Stocks - Galaxy Electronics (002519) had a net inflow of 195 million from institutional investors, but a net outflow of 108 million from speculative funds [3] - Great Wall Military Industry (601606) saw a net outflow of 701,100 from institutional investors, while retail investors contributed a net inflow of 9.450 million [3] - ST Emergency (300527) experienced a significant net outflow of 934 million from institutional investors, indicating a bearish sentiment [3]

天眼查商业履历信息显示，江西国科军工集团股份有限公司，成立于2007年，位于南昌市，是一家以从 事化学原料和化学制品制造业为主的企业。企业注册资本17570.1557万人民币，实缴资本10300万人民 币。公司法定代表人为毛勇。 通过天眼查大数据分析，江西国科军工集团股份有限公司共对外投资了6家企业，参与招投标项目37 次，知识产权方面有商标信息26条，此外企业还拥有行政许可8个。 来源：金融界 8月4日，沪深两融数据显示，国科军工上周累计获融资净买入额7545.59万元，居两市第119位，上周融 资买入额3.17亿元，偿还额2.41亿元。 国科军工所属概念板块包括：航天航空、江西板块、养老金、沪股通、融资融券、机构重仓、商业航 天、军民融合、央国企改革、国家安防、军工。 资金流方面，国科军工近5日主力资金流入1412.25万元，区间涨幅0.59%；近10日主力资金流出2.97亿 元，区间跌幅6.49%。 ...

部 两融数据显示，该股最新融资余额为5.59亿元，近5日增加7545.59万元，增幅为15.59%。（数据宝） 8月4日国科军工大宗交易一览 | 成交量 | 成交金 | 成交价 | 相对当日收 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 盘折溢价 | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | （%） | | | | 50.00 | 2349.00 | 46.98 | -14.71 | 西部证券股份有限公司苏州总官 堂路证券营业部 | 华安证券股份有限公司 宁国津河东路证券营业 | | | | | | | 部 | | 46.60 | 2140.80 | 45.94 | -16.59 | 高盛（中国）证券有限责任公司 上海浦东新区世纪大道证券营业 | 华泰证券股份有限公司 南昌沿江北大道证券营 | | | | | | 部 | 业部 | | 15.00 | 689.10 | 45.94 | -16.59 | 机构专用 | 华泰证券股份有限公司 南昌沿江北大道证券营 | | | | | | | 业部 | | 8.0 ...

| 交易日期 | 臣弟國核 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 摩用露要超 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-08-04 | 国特富工 | 688543 | 46.98 | 2349 | 50 | 西部证券股份有限 | 华安证券股份有限 | 香 | | | | | | | | 公司分析发展营销 | 公司宁国津河东路 | | | | | | | | | 连续属不能 | 技社居不留 | | | 2025-08-04 | 国科艺工 | 688543 | 46.98 | 234.9 | રે | 招商证券股份有限 公司北京分公司 | 表会性益的社临 公司宁国津河东路 | 집 | | | | | | | | | 提补累不同 | | | 2025-08-04 | 国科室工 | 688543 | 45.94 | 2140.8 | 46.6 | 高盘(中国)证券 有限责任公司上海 | 华泰廷劳殷份有限 公司南昌沿江北大 | | | | | | | | | 浦东 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301357 | 北方长龙 | 114.78 | 20.00% | 13.91万 | | 14.81亿 | | 601606 | 长城军工 | 38.83 | 10.00% | 91.84万 | | 34.96亿 | | 600967 | 内蒙一机 | 21.60 | 7.46% | 140.17万 | | 29.72亿 | | 300922 | 天奏装备 | 30.68 | 5.76% | 13.25万 | | 4.01亿 | | 688543 | 国科室工 | 55.08 | 5.52% | 12.00万 | | 6.55亿 | | 300875 | 捷强装备 | 45.77 | 4.57% | 13.32万 | | 6.04亿 | | 000519 | 中兵红箭 | 21.57 | 3.16% | 69.24万 | | 14.86 乙 | | 002519 | 银河电子 | 5.07 | 2.84% | 38.74万 | | ...

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 ...

Investment Rating - The report does not explicitly state an investment rating for the defense and military industry but highlights a positive outlook for long-term growth potential [4]. Core Insights - The defense and military industry is expected to experience a recovery in demand as the "14th Five-Year Plan" approaches its final year, with a clear directive for modernization by 2035 and a world-class military by 2050 [4]. - The report emphasizes the significant impact of AI technology on military equipment and decision-making, showcasing its transformative value in modern warfare, particularly highlighted by the ongoing Russia-Ukraine conflict [2][39]. - The report identifies specific investment opportunities in the military sector, particularly in AI applications, low-altitude economy developments, and the upcoming commissioning of the Fujian aircraft carrier [3][38]. Summary by Sections Market Review - The defense and military index rose by 0.08% last week, ranking 6th among 31 primary industries, while the overall market indices declined [2][13]. - The current PE (TTM) for the defense and military sector is 84.92, with sub-sectors showing varied valuations, such as aerospace equipment at 146.02 and ground armaments at 189.72 [2][21]. Key Recommendations - The report recommends focusing on companies involved in downstream manufacturing, military technology, underwater equipment, missile supply chains, titanium materials, electronic components, and laser weapons [4]. - Specific companies highlighted include Hongdu Aviation, AVIC Shenyang Aircraft, and Reicoh Laser among others [4]. Industry Dynamics - The report discusses the emergence of low-altitude economy opportunities, driven by recent policy initiatives and technological advancements in drone logistics and infrastructure [3][32][37]. - The military AI sector is identified as a core growth driver, with expectations for a surge in orders for AI-enabled equipment by 2025 [40].

Summary of Key Points Core Viewpoint - The recent block trading activity of Guokai Military Industry indicates significant institutional interest, with a total transaction volume of 178,000 shares and a transaction value of 8.18 million yuan, reflecting a discount of 11.95% compared to the closing price on the same day [2]. Trading Activity - On August 1, Guokai Military Industry recorded two block trades with a total volume of 178,000 shares and a total transaction value of 8.18 million yuan [2]. - The transaction price was 45.96 yuan, which is 11.95% lower than the closing price of 52.20 yuan [2]. - Institutional proprietary seats were involved in both trades, resulting in a net purchase of 8.18 million yuan [2]. Recent Performance - Over the past three months, Guokai Military Industry has seen a total of 82 block trades, amounting to 242 million yuan [2]. - The stock closed at 52.20 yuan, down 3.85% on the day, with a turnover rate of 6.87% and a total trading volume of 419 million yuan [2]. - The stock has experienced a cumulative decline of 1.42% over the past five days, with a net inflow of 22.85 million yuan during the same period [2]. Margin Trading Data - The latest margin financing balance for Guokai Military Industry is 575 million yuan, which has increased by 91.91 million yuan over the past five days, representing a growth rate of 19.01% [2].

国科军工7月31日大宗交易平台共发生7笔成交，合计成交量35.78万股，成交金额1644.46万元。成交价 格均为45.96元，相对今日收盘价折价15.34%。从参与大宗交易营业部来看，机构专用席位共出现在5笔 成交的买方或卖方营业部中，合计成交金额为1207.84万元，净买入1207.84万元。 进一步统计，近3个月内该股累计发生80笔大宗交易，合计成交金额为2.34亿元。 两融数据显示，该股最新融资余额为5.80亿元，近5日增加1.03亿元，增幅为21.55%。（数据宝） 7月31日国科军工大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 8.80 | 404.45 | 45.96 | -15.34 | 机构专用 | 华泰证券股份有限公司南 | | | | | | | 昌沿江北大道证券营业部 | | 5.00 | 229.80 | 45.96 | -15.34 | 瑞银 ...

7月31日，国科军工大宗交易成交35.78万股，成交额1644.46万元，占当日总成交额的4.08%，成交价 45.96元，较市场收盘价54.29元折价15.34%。 | 交易日期 | 任务简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 英入营业部 | | 美出精密器 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-07-31 | 国科室工 | 688543 | 45.96 | 404.45 | 8.8 | 机构专用 | 华泰证券股份有限 公司隔昌沿江北大 | 14 | | | | | | | | | 道证券智业部 | | | 2025-07-31 | 国科军工 | 688543 | 45.96 | 229.8 | 5 | 瑞报证券有限责任 | 华泰证券股份有限 | қа | | | | | | | | 公司上海花园石桥 | 公司南晶治江北大 | | | | | | | | | 路还券营业部 | 道证券营业部 | | | 2025-07-31 | 国科军工 | CONTRACTOR ...