"社保基金是市场的重要机构投资者，通过加大对科技创新领域企业的投资力度，能在支持企业发展的 同时，推动我国资本市场长期健康发展。"前海开源基金首席经济学家杨德龙表示，社保基金大力支持 科技创新领域也能起到示范效应，助力经济转型和产业升级。 12月4日至5日，社保基金会召开2025年境内投资管理人研讨会，与会管理人代表表示，要准确把握"十 五五"时期高水平科技自立自强、现代化产业体系建设等重大战略部署蕴含的投资机遇，充分发挥专业 机构投资者作用。要加强市场分析研判，深化对长期资金投资的规律性认识，强化逆周期布局思维，在 合理控制波动的前提下努力获取长期稳健回报，为社保基金和养老基金长期保值增值贡献力量。 田利辉认为，未来社保基金要提升投资精准度，布局科技创新、新质生产力等关键领域，同时深化专项 基金运作，完善"投早、投小、投硬科技"的机制。 12月15日，全国社会保障基金理事会（以下简称"社保基金会"）召开党组会议，传达学习中央经济工作 会议精神，研究贯彻落实工作。 会议强调，要稳妥审慎抓好基金投资运营。紧密跟踪国内外宏观经济和资本市场形势，科学有效开展资 产配置，稳健做好各大类资产投资。充分发挥长期资金、耐心 ...

证券日报网讯12月15日，中航光电（002179）在互动平台回答投资者提问时表示，目前公司产品已成功 配套于主流火箭型号，并持续拓展与国内领先商业火箭企业的合作，已为多家企业提供配套支持，产品 覆盖连接器、箭载/箭地单机、电缆网等多类关键部件，逐步构建起在商业航天供应链中的重要环节地 位。 ...

证券日报网讯12月15日，中航光电（002179）在互动平台回答投资者提问时表示，公司为无人机等无人 装备开发及配套连接器、整机EWIS线束组件、模块化集成互连装置、光电特种线束、轻量化管网组件 等互连产品，能够满足模块化、智能化互连需求，具有高可靠、高效率等优势。 ...

证券日报网讯12月15日，中航光电（002179）在互动平台回答投资者提问时表示，公司重视和关注股 价。 ...

证券日报网讯 12月15日，中航光电在互动平台回答投资者提问时表示，公司业绩情况请关注公司定期 公告。 （文章来源：证券日报） ...

12月16日，A股三大指数集体回调，商业航天板块早盘大幅回调，午后异动拉升，截至14:39，航空航天 ETF（159227）跌幅收窄至0.25%，成交额已达2.73亿元，持仓股航天发展、航天电子涨停，雷电微 力、国博电子、航天彩虹、华力创通、航发控制等股跟涨。航空航天ETF最近规模超21亿元，为同指数 规模最大。 近期商业航天持续走强，蓝箭航天"朱雀三号"遥一运载火箭成功发射并实现入轨，是我国首个成功入轨 的可重复使用液氧甲烷火箭。天龙三号、长征十二号甲计划于2025年12月至2026年初首飞，重点攻关回 收技术。 中信证券研报认为，OpenAI正寻求设立、投资或者并购一家火箭公司，目的是在太空算力领域和马斯 克竞争。美国科技巨头陆续开始布局空间算力，投资界也开始认识到其巨大商业价值。随着中国星网和 G60千帆星座先后进入批量化发射阶段，以及海南商业航天发射场和商业运载火箭的投入使用，大运 力、低成本趋势正引领商业航天开启新时代，同时空间算力也进一步打开行业天花板，万亿市场规模的 新赛道即将扬帆起航，为相关产业链带来巨大的发展契机。 航空航天ETF（159227）跟踪国证航天指数，申万一级军工行业占比高达96 ...

Core Insights - The report emphasizes the importance of "globalization and AI+" in advancing high-quality development in the defense and military industry, highlighting the need for modernization and efficiency improvements in military systems [5][30][34] - The investment strategy focuses on balancing value and growth, with traditional sectors entering an S-curve evolution phase while new demands and replacements coexist [5][30] Section Summaries 1. Current Development Stage from the S-Curve Perspective - The defense and military industry is in a growth phase, with traditional sectors experiencing rapid development during the previous five-year plan, but not yet entering a slowdown [16][26] - The S-curve model indicates that the industry lifecycle includes multiple product lifecycles, with the current focus on extending product lifespans through innovation [23][24] 2. S-Curve Cycle Expansion - Global military trade remains robust, emphasizing the importance of lifecycle management from equipment to services [9][18] - The report anticipates that the demand for large aircraft and low-altitude economic activities will accelerate due to supportive policies [9][28] 3. S-Curve Cycle Evolution - Supply chain reforms are crucial for reducing costs and complexity, enhancing the focus on maintenance and repair services [9][33] - The integration of unmanned systems and intelligent technologies is expected to drive significant advancements in military capabilities [9][51] 4. New Cycle of the S-Curve: Emerging Industries - The report identifies commercial aerospace, AI, controllable nuclear fusion, quantum information, and deep-sea technology as key areas for future growth [9][57][65] - The acceleration of technological advancements and policy support is expected to unlock new market opportunities in these sectors [9][58] 5. Investment Recommendations - The report recommends focusing on companies that align with the evolving S-curve, particularly those involved in supply chain reform, maintenance, and unmanned systems [5][30] - Specific companies highlighted for investment include 航发动力, 中航高科, and 国睿科技, among others, which are positioned to benefit from these trends [6][9]

Investment Rating - The report rates the military industry as "Overweight" [9] Core Viewpoints - The military sector has seen an increase, with the Russian military's use of "Dagger" missiles reaching record levels. The recent joint air strategic patrol between China and Russia, along with the potential for U.S. defense spending to hit new highs, indicates a long-term positive trend for the military industry [2][7][8] Summary by Sections Investment Highlights - Key investment themes include: 1) Assembly: AVIC Shenyang Aircraft Corporation, Aerospace South Lake, AVIC Xi'an Aircraft Industry [9] 2) Components: AVIC Optoelectronics, Guobo Electronics, Ruichuang Micro-Nano [9] 3) Subsystems: Aero Engine Corporation of China, AVIC Avionics, North Navigation [9] 4) Materials and Processing: Feilihua, Guangwei Composite, Huayin Technology, Western Materials, Aviation Materials [9] Market Review - The military sector index rose by 3.57%, outperforming the market by 3.92 percentage points, ranking 2nd out of 29 sectors during the week of December 8-12 [11][12] - The defense information technology sector performed particularly well, with notable stock performances including Aerospace Power and West Materials [19][20] Major News in the Military Industry - Domestic news includes the completion of nearly 200 million yuan in Series A financing by Dream Sky Technology, leading the hybrid tilt-rotor sector [22][23] - Internationally, the U.S. defense budget for fiscal year 2026 is projected to exceed 900 billion USD, with significant military aid to Ukraine [28][29]

证券日报网讯12月15日，中航光电（002179）在互动平台回答投资者提问时表示，公司作为国内互连行 业的龙头企业，深耕高速传输技术十余年，在高速线缆模组研发、生产制造以及产业化建设方面积累了 诸多经验，形成了一系列具备独立知识产权的高速互连产品。同时，公司积极布局新一代高速应用场 景，谋划开展新产品的开发和研制。 ...

证券日报网讯12月15日，中航光电（002179）在互动平台回答投资者提问时表示，截至12月10日，公司 股东户数为125117户。 ...