军贸概念12日盘中大幅拉升，截至发稿，中航成飞、航天南湖、华如科技20%涨停，中无人机涨超 15%，华伍股份涨近13%，国睿科技亦涨停。值得注意的是，航天南湖近4个交易日已累计大涨近75%。 中航证券指出，本次印巴政治冲突，对于军工行业的直接影响集中在军贸领域，在中长期维度上，将进 一步加强全球军贸逻辑,带来国防军工市场上限突破。对于我国而言，随着我国自身产品竞争优势与生 产能力的不断提升，之前国内产能倾向于解决内需的情况有望逐步改变，叠加部分国家的军贸出口萎缩 导致其下游客户需求存在缺口、全球战争形态的演变、我国政策出台引导军贸出口合规发展等因素，我 国军贸短期内有望持续增长，并在"十四五"末期由恢复式增长向供需共振驱动增长转变。 2025年以来，中航工业、航天科工、兵器装备、中国电科、中航技、中国船舶工业贸易、中国北方工业 等军工集团和军贸公司纷纷将军贸作为其主责主业或核心使命，陆续围绕军贸业务开展交流与合作,高 质量推进军贸工作。而伴随我国军贸市场的复苏，多家军工上市公司，包括央国企及民参军上市公司已 经布局或准备积极拓展国际市场。 （文章来源：证券时报网） 据央视新闻报道，当地时间10日，巴基斯坦和印 ...

Investment Rating - The report rates the defense and military industry as "Overweight" indicating a positive outlook for the sector [3][29]. Core Insights - The defense and military industry is expected to enter a new cycle driven by geopolitical conflicts, enhancing China's military trade focus and opening international markets for Chinese military products [5][3]. - The ongoing tariff conflicts highlight the comparative advantages of the military industry, with increased emphasis on self-sufficiency and potential growth in military investments [5][3]. - The fundamental changes in the military sector are solidifying the basis for industry growth, with a focus on quality and quantity improvements as the military approaches its centenary goals [5][3]. - There is a recommendation to increase attention on military stocks, particularly those related to precision-guided weapons, underwater capabilities, AI/robotics, and traditional aircraft supply chains [5][3]. Market Review - Last week, the Shenwan Defense and Military Index rose by 6.33%, outperforming major indices such as the Shanghai Composite Index, which increased by 1.92% [6][3]. - The top five performing stocks in the defense sector included Chengxi Aviation (59.26%), Hwa Wo (48.85%), and Lijun (36.49%) [6][14]. - Conversely, the bottom five performers were Platinum (−4.26%), Lingyun (−4.00%), and Guangdong Hongda (−2.52%) [6][15]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 75.10, indicating it is in the upper range historically, with a valuation percentile of 65.46% since January 2014 [15][19]. - The aerospace and aviation equipment sectors are noted to be at relatively high valuation levels since 2020 [15][19]. Key Valuation Targets - The report lists key valuation targets, including companies like Feili Hua, Tianqin Equipment, and Aerospace Electronics, with projected earnings growth and PE ratios indicating potential investment opportunities [21][24].

Market Performance - The ChiNext Index fell by 0.87%, closing at 2011.77 points, with a total trading volume of 336.03 billion yuan, a decrease of 39.79 billion yuan from the previous trading day [1] - Among the tradable ChiNext stocks, 190 stocks closed higher, with 5 stocks hitting the daily limit up, while 1164 stocks closed lower, with 2 stocks declining over 10% [1] Turnover Rate - The average turnover rate for the ChiNext today was 3.72%, with 26 stocks having a turnover rate exceeding 20% [1] - The stock with the highest turnover rate was Xinlei Co., which closed up by 19.82% with a turnover rate of 65.89% and a trading volume of 0.941 billion yuan [1] Sector Analysis - In terms of sector performance, the mechanical equipment sector had the most stocks with a turnover rate exceeding 20%, followed by the defense and military industry and basic chemicals, each with 4 stocks [2] Institutional Activity - Among the high turnover stocks, 5 were listed on the Dragon and Tiger List, with institutional participation noted in 4 of them [2] - Jiuzhou Group saw a net institutional buy of 3.7684 million yuan, while Huawu Co. experienced a net institutional sell of 12.621 million yuan [2] Capital Flow - In the high turnover stocks, 9 experienced net inflows of main funds, with the highest inflows seen in Kela Software, Shuo Bei De, and Shaanxi Huada, amounting to 513 million yuan, 86.83 million yuan, and 60.29 million yuan respectively [3] - Conversely, Tianyuan Dike, Huawu Co., and Jinlong Electromechanical had the largest net outflows, totaling 297 million yuan, 282 million yuan, and 115 million yuan respectively [3] Earnings Forecast - Among the high turnover stocks, only one stock announced a performance forecast for the first half of the year, with a projected net profit increase of 4.72% for Zhongjie Automobile [3]

Core Viewpoint - The A-share military industry sector is experiencing renewed activity, with several companies showing significant price movements and gains [1] Group 1: Company Performance - Chengfei Integration and Aerospace Changfeng have achieved three consecutive trading limit increases [1] - Tianjian Technology has reached a trading limit increase, indicating strong market interest [1] - Qifeng Precision has seen a price increase of over 10%, reflecting positive investor sentiment [1] - Companies such as Huawu Co. and AVIC Chengfei opened higher, suggesting a bullish trend in the sector [1]

Group 1 - The core viewpoint highlights a significant surge in the military industry stocks, driven by the "14th Five-Year Plan" equipment procurement entering a critical phase and confirmed orders for new drones, reminiscent of the military reform wave five years ago [3] - Key players in the military sector, such as AVIC Chengfei and Huawu Co., saw their stocks hit the daily limit, indicating strong market interest and potential growth [3] - The technology sector is experiencing a resurgence, with companies like Wolong Nuclear Material and Cambridge Technology benefiting from AI computing power, while also reflecting the trend of domestic substitution [3] Group 2 - The afternoon trading session showed three notable trends: military stocks maintained their gains, technology stocks saw late buying, and northbound capital surged by 6 billion in the last half hour, indicating strong foreign interest [4] - Investment strategies suggest waiting for military stocks to pull back to the five-day moving average before entering, focusing on technology stocks with significant overseas orders, and identifying undervalued new material stocks with profit margins over 15% [4] - The overall market volume reached 1.2 trillion, which is considered adequate, but further upward movement will require sustained buying pressure [4]

金十数据5月8日讯，2连板华伍股份发布异动公告，经核查，公司、控股股东及实控人不存在关于本公 司的应披露而未披露的重大事项，或处于筹划阶段的重大事项；控股股东、实际控制人在股票异常波动 期间不存在买卖公司股票情形；公司近期经营情况及内外部经营环境未发生重大变化。 2连板华伍股份：不存在应披露而未披露的重大事项 ...

证券代码：300095 证券简称：华伍股份 公告编号：2025–045 针对公司股票交易异常波动的情况，公司进行了自查并向主要股东就相关事 项进行了核实： （一）公司未发现前期披露的信息存在需要更正、补充之处； （二）公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产 生较大影响的未公开重大信息； 江西华伍制动器股份有限公司 关于股票交易异常波动公告 本公司及全体董事会成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 江西华伍制动器股份有限公司（以下简称"公司"或"本公司"）股票交易价 格连续三个交易日（2025 年5 月 6 日、2025 年5 月 7 日、2025 年5 月 8 日）收盘价 格涨幅偏离值累计超过 30%，根据深圳证券交易所的有关规定，属于股票交易异 常波动的情况。 二、公司关注并核实情况说明 （三）公司近期经营情况及内外部经营环境未发生重大变化； （四）经核查，公司、控股股东及实际控制人不存在关于本公司的应披露而 未披露的重大事项，或处于筹划阶段的重大事项； （五）经核查，公司控股股东、实际控制人在股票异常波动期间不存 ...

Core Viewpoint - The aviation engine concept sector has shown a positive performance, with a 2.86% increase, ranking 7th among various concept sectors, indicating strong investor interest and potential growth in this area [1][2]. Market Performance - As of May 8, the aviation engine concept saw 74 stocks rise, with notable gainers including Chenxi Aviation and Huarun Co., both reaching a 20% limit up. Other significant performers included Aileda, Rifa Precision Machinery, and Xiling Power, which rose by 9.76%, 7.75%, and 7.37% respectively [1]. - Conversely, stocks such as Maixinlin, Julun Intelligent, and Jizhi Co. experienced declines of 2.64%, 2.55%, and 1.27% respectively [1]. Capital Flow - The aviation engine concept sector experienced a net outflow of 678 million yuan from major funds, with 38 stocks receiving net inflows. Seven stocks saw net inflows exceeding 30 million yuan, led by Haoneng Co. with a net inflow of 136 million yuan [2][3]. - Other notable net inflows included Hangfa Power, Rifa Precision Machinery, and AVIC Heavy Machinery, with net inflows of 81.44 million yuan, 62.90 million yuan, and 56.73 million yuan respectively [2]. Fund Inflow Ratios - Haoneng Co. led the fund inflow ratio with 48.12%, followed by New Dazhou A and Antai Technology at 11.99% and 10.86% respectively [3].

Group 1 - Military stocks continue to rise, with a significant increase in share prices for companies such as Chengfei Integration and major aircraft manufacturers [1] - Nearly 20 stocks, including Jintongling, Huawu Co., Aerospace Changfeng, Tianjian Technology, Tongda Co., Aopu Optoelectronics, Lijun Co., and Galaxy Electronics, reached their daily limit [1] - Several stocks, including AVIC Chengfei, saw price increases exceeding 10% [1]

Group 1 - The aviation engine sector saw a rise of 2.86%, ranking 9th among concept sectors, with 66 stocks increasing in value, including Morningstar Aviation and Huawu Co., which hit a 20% limit up [1][2] - Major gainers in the aviation engine sector included Aileda, Shengnan Technology, and Hangya Technology, which rose by 18.31%, 12.57%, and 7.65% respectively [1] - The sector experienced a net inflow of 814 million yuan from main funds, with 45 stocks receiving net inflows, and 9 stocks seeing inflows exceeding 50 million yuan [2][3] Group 2 - The top net inflow stock was Zongshen Power, with a net inflow of 832 million yuan, followed by Morningstar Aviation and Huawu Co. with inflows of 290 million yuan and 152 million yuan respectively [2][3] - The net inflow ratios for Zongshen Power, Zhongchao Holdings, and Morningstar Aviation were 48.53%, 44.15%, and 29.18% respectively, indicating strong investor interest [3][4] - The aviation engine sector's performance was supported by significant trading volumes, with Zongshen Power and Morningstar Aviation showing high turnover rates of 8.12% and 15.93% respectively [3][4]