Group 1 - The Shenzhen Composite Index rose by 0.11% while the ChiNext Index fell by 0.91% as of 10:37 AM on January 12, with the high-end equipment sub-index increasing by 4.79% [1] - Notable stock performances included Guobo Electronics up 16.46%, Plater Technology up 15.63%, and Zhongke Xingtou up 14.98%, with several other companies experiencing significant gains [1] - The High-end Equipment ETF (159638) increased by 4.49%, with a trading volume of 155 million yuan and a turnover rate of 5.85%, showing a 45.30% increase over the past six months and a 67.00% increase over the past year [1] Group 2 - Multiple policies supporting advanced manufacturing have been introduced at the beginning of the year, including Shanghai's three-year action plan for 2026-2028, which focuses on commercial aerospace and innovative products [1] - Guangzhou has also released plans to develop low-altitude economy and aerospace as strategic industries, aiming to create a "Southern Aerospace City" [1] - The commercial aerospace sector is seeing significant activity, with Blue Arrow Aerospace's IPO approval aiming to raise 7.5 billion yuan and the commencement of construction for the first domestic offshore reusable rocket recovery base [1] Group 3 - The first fully domestically produced F-class commercial gas turbine unit successfully passed a 168-hour full-load test and began production, marking a significant milestone in the domestic gas turbine manufacturing industry [2] - The domestic production rate of high-end machine tools is accelerating, with projections indicating a 35% localization rate by 2025, and five-axis machine tools exceeding 20% [2] - The High-end Equipment ETF (159638) tracks the CSI High-end Equipment Sub-index, with top ten weighted stocks including Aerospace Electronics and China Satellite, collectively accounting for over 45% of the index [2]

Core Viewpoint - The military industry continues to surge, with significant gains in the military sector stocks and ETFs, indicating strong market momentum and investor interest in defense-related investments [1][4]. Group 1: Market Performance - On January 12, the military sector saw a wave of stocks hitting the daily limit, with the military ETF Huabao (512810) having 11 stocks rising over 10% [1]. - The Huabao military ETF opened high and surged over 5%, marking its fifth consecutive day of reaching historical highs, with real-time trading exceeding 67 million yuan [2]. - Last week, the Huabao ETF rose by 13.57%, significantly outperforming major indices like the Shanghai Composite Index (+3.82%) and the ChiNext Index (+3.89%) [2]. Group 2: Key Stocks and Their Performance - Notable stocks within the Huabao military ETF include: - Guobo Electronics (688375) with a price of 154.00 yuan, up 18.47% [2]. - Huali Chuantong (300045) priced at 36.80 yuan, up 18.02% [2]. - Aerospace Electronics (600879) with a price of 31.56 yuan, up 10.00% [2]. - The ETF's index covers 24 commercial aerospace concept stocks, with a combined weight exceeding 32% [4]. Group 3: Industry Outlook - The International Telecommunication Union (ITU) indicates that China applied for frequency resources for over 200,000 satellites by December 2025, with more than 190,000 satellites from the newly established Wireless Innovation Institute [4]. - The commercial aerospace sector has been recognized as a strategic emerging industry in China's government work reports for 2024 and 2025, confirming its role as a new growth engine [4]. - The Chinese commercial aerospace market is projected to reach a scale of 8 trillion yuan by 2030, driven by policy and market dynamics [4].

Core Viewpoint - The military industry continues to surge, with significant gains in the military sector and related ETFs, indicating strong market interest and potential growth in the defense and aerospace industries [1][7]. Group 1: Market Performance - On January 12, the military sector saw a wave of stock price increases, with the military ETF Huabao (512810) experiencing multiple stocks rising over 10% [1][7]. - The Huabao military ETF opened high and surged over 5%, marking its fifth consecutive day of reaching historical highs, with real-time trading exceeding 67 million yuan [2][8]. - Last week, the Huabao ETF rose by 13.57%, significantly outperforming major indices such as the Shanghai Composite Index (+3.82%) and the ChiNext Index (+3.89%) [2][8]. Group 2: Key Stocks in Military ETF - The Huabao military ETF includes 24 commercial aerospace concept stocks, with a combined weight exceeding 32% [3][10]. - Notable stocks within the ETF include: - Guobo Electronics (688375) with a weight of 1.44%, current price of 154.00, and a rise of 18.47% [2][8]. - Huali Chuantong (300045) with a weight of 0.87%, current price of 36.80, and a rise of 18.02% [2][8]. - Aerospace Electronics (600879) with a weight of 3.98%, current price of 31.56, and a rise of 10.00% [2][8]. Group 3: Industry Outlook - The International Telecommunication Union (ITU) reported that China applied for frequency resources for over 200,000 satellites by December 2025, indicating a significant expansion in the satellite industry [10]. - The commercial aerospace sector has been recognized in the government work reports for 2024 and 2025, confirming its status as a strategic emerging industry and a new growth engine [3][10]. - The Chinese commercial aerospace market is projected to reach a scale of 8 trillion yuan by 2030, driven by policy and market dynamics [3][10].

Group 1: Market Performance - Yidian Tianxia saw a significant increase of 19.47% in stock price, with a total market value of 3.4 billion [1] - Zhongke Shitu and China Great Wall also experienced notable gains of 12.40% and 9.99% respectively, with market values of 883 million and 53.6 billion [1] - Tax Friend Co. and Torus both rose by approximately 9.91% and 9.53%, with market values of 3.17 billion and 2.11 billion respectively [1] Group 2: AI and Technology Developments - DeepSeek V4 is expected to be released around the Spring Festival, potentially surpassing OpenAI's GPT in programming capabilities [2] - Alibaba's Qwen 3.5 is anticipated to enhance multimodal understanding and coding abilities [2] - The first global large model stock, Zhipu, is set to be listed on the Hong Kong Stock Exchange on January 8 [2] Group 3: Industry Trends and Policies - The Ministry of Industry and Information Technology is encouraging AI and manufacturing transformation, which is expected to boost demand for domestic AI computing power [2] - The data center sector is identified as a core infrastructure for AI, with a growing demand for data center construction driven by computing power needs [2] - The domestic AIDC bidding is expected to recover, serving as an early indicator of the improvement in the domestic AI landscape [2] Group 4: Investment Opportunities - The Huabao Big Data ETF focuses on sectors such as data centers, cloud computing, and big data processing, with key holdings in leading companies like Inspur and China Great Wall [3] - The emphasis on "technology leading the way" suggests potential breakthroughs in new productivity directions [5] - The trend towards domestic substitution is accelerating, with promising prospects for technology self-reliance [5]

Group 1: ETF Performance - The military ETF Huabao (512810) has seen its market price rise over 3.5%, reaching a new high since its listing [1] - In the previous trading day, over 30 million yuan was invested in the military ETF Huabao, indicating a strong positive capital flow [1] Group 2: Commercial Aerospace Developments - The International Telecommunication Union has announced that China has submitted a large-scale satellite network application, planning to add 203,000 satellites to form 14 satellite constellations, marking a record in domestic satellite network construction [2] - This application is likely related to China's strategic layout for low-orbit internet constellations, aligning with recent policy support for the satellite internet industry [2] Group 3: Industry Outlook - Zhongtai Securities indicates that the commercial aerospace sector is entering a high prosperity cycle, with expectations of a global explosion in the commercial aerospace industry over the next two years [3] - The establishment of a Commercial Aerospace Department by the National Space Administration and the release of a development action plan for 2025-2027 aim to enhance the industry's growth and governance capabilities [3] Group 4: Investment Opportunities - The military ETF Huabao (512810) covers 24 commercial aerospace concept stocks, with a combined weight exceeding 32%, making it an efficient investment tool for gaining exposure to core military assets [4] - The ETF also includes themes such as deep-sea technology, military AI, low-altitude economy, and large aircraft, providing diversified investment opportunities [4]

Core Viewpoint - The A-share market continues to show strength in the commercial aerospace sector, with significant gains in various stocks following the exposure of China's "South Gate Plan" and advancements in aerospace technology [1][2]. Group 1: Stock Performance - Xinke Mobile saw an increase of 18.37%, with a total market capitalization of 64.1 billion and a year-to-date gain of 45.35% [2]. - Xingtou Measurement and Control rose by 15.35%, with a market cap of 18.5 billion and a year-to-date increase of 36.69% [2]. - Liujin Technology increased by 11.34%, with a market cap of 2.518 billion and a year-to-date gain of 21.28% [2]. - Fujida and Zhongtai Co. both rose nearly 11%, with market caps of 9.574 billion and 11.3 billion respectively [2]. - Other notable performers include Juyi Rigging, Tongyu Communication, and Zhongheng Design, each gaining 10% or more [1][2]. Group 2: Aerospace Developments - The "South Gate Plan" in China features the "Luan Bird," a 100,000-ton space mother ship capable of carrying 88 "Xuan Nu" unmanned aerial vehicles [1]. - Models of the "Bai Di" and "Zi Huo" fighter jets were also showcased, indicating advancements in China's aerospace capabilities [1]. - On the international front, NASA launched three satellites for exoplanet research aboard SpaceX's Falcon 9 rocket from Vandenberg Space Force Base in California [1].

Group 1 - The commercial aerospace sector is experiencing a strong rebound, with notable stock performances from various companies [1] - Galaxy Electronics has achieved six consecutive trading limits, indicating robust investor interest and confidence [1] - Companies such as Jieli Rigging and Oriental Communication have also shown strong performance, with three and two consecutive trading limits respectively [1] Group 2 - Other companies like Dahua Intelligent and Daming City have reached trading limits, reflecting a broader positive trend in the sector [1] - Oriental Rising, Liujin Technology, and Zhongtai Co. have all seen stock increases exceeding 10%, further highlighting the sector's growth [1] - Additional companies including Meg Intelligent, China Great Wall, China First Heavy Industries, Fushun Special Steel, and Zhongchao Holdings have also experienced upward movement in their stock prices [1]

Core Viewpoint - The "Danqing Zhu Guo Hun - Tian Fengyin Great Wall Oil Painting Exhibition" is a significant cultural event aimed at enriching grassroots cultural life and promoting Chinese culture through art, featuring 42 works that depict the spirit of the Great Wall [1][3]. Group 1 - The exhibition is organized by the Beijing Municipal Committee of the China Democratic League and supported by the Cultural and Tourism Bureau of Langfang City, running from January 10, 2025, to March 5, 2026 [1]. - The event showcases the artistic value and historical significance of the Great Wall, with children and cultural scholars engaging with the artworks [3]. - The selected works include famous sections of the Great Wall such as Simatai, Jiankou, Badaling, and Mutianyu, as well as sketches from Shanhaiguan and Jiayuguan, capturing the natural beauty and cultural heritage of the Great Wall [3]. Group 2 - Artist Tian Fengyin, recognized as a national model worker and contemporary Great Wall-themed oil painter, has aligned her artistic journey with national sentiment [4]. - In 2024, she was invited to speak at the 68th United Nations Commission on the Status of Women, highlighting the mission of female artists through the lens of Great Wall spirit [4]. - Her works have transitioned from international platforms like the Louvre to grassroots communities, emphasizing the role of artists in conveying cultural heritage and national spirit [4].

Core Viewpoint - China Great Wall Technology Group Co., Ltd. has successfully returned 1.8 billion RMB of temporarily used idle raised funds to its designated account, ensuring that the investment projects remain unaffected [1][2]. Group 1 - The company held meetings on January 13, 2025, where it approved the use of up to 1.8 billion RMB of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months [1]. - As of January 8, 2026, the company has fully returned the 1.8 billion RMB to the raised funds account and notified the sponsor, CITIC Securities Co., Ltd. [1][2]. - During the period of using the idle funds, the company managed the funds reasonably, ensuring that the normal progress of the investment plan was not affected and that there was no change in the purpose of the raised funds [2].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 第 1页 共 2页 董事会 证券代码：000066 证券简称：中国长城 公告编号：2026-001 中国长城科技集团股份有限公司 关于归还用于补充流动资金的募集资金的公告 中国长城科技集团股份有限公司（以下简称"公司"）于 2025 年 1 月 13 日 召开第八届董事会第十次会议和第八届监事会第六次会议审议通过了《关于继续 使用部分闲置募集资金暂时补充流动资金的议案》，在确保不影响募集资金投资 项目建设进度的前提下，同意公司在前次到期后继续使用不超过人民币 18 亿元 闲置募集资金暂时补充流动资金，期限不超过 12 个月（具体内容详见 2025-006 号《关于继续使用部分闲置募集资金暂时补充流动资金的公告》）。经董事会、监 事会审议通过后，公司募集资金专户转出 18 亿元用于暂时补充流动资金。 截至 2026 年 1 月 8 日，公司已将上述 18 亿元资金全部归还至募集资金专 户，同时将上述募集资金的归还情况通知保荐机构中信建投证券股份有限公司。 公司在将上述 18 亿元闲置募集资金暂时补充流动资金期间，对 ...