军工企业备产备货需求旺盛，军工ETF（512660）今日大涨3%

Group 1 - The core viewpoint of the article highlights the increasing demand for military production and inventory, leading to a significant rise of 3% in the military ETF (512660) [1] - The defense and military industry has gained strategic importance in national policy, closely linked to national security, technological innovation, and high-end manufacturing [1] - The military sector's fundamentals are gradually recovering, with projected growth in revenue and net profit in Q1 2025, alongside improvements in gross and net profit margins [1] Group 2 - The increase in advance payments and contract liabilities indicates strong demand for military production and inventory, reflecting positive changes in the balance sheets of military enterprises [1] - The Shenyin Wanguo military index has a TTM price-to-earnings ratio of 60.26, with a percentile of 72.94%, suggesting that the valuation percentile may significantly decline under the expectation of a strong recovery in the industry fundamentals by 2025 [1] - The military ETF (512660) tracks the CSI Military Industry Index (399967.SZ), which includes major military groups and representative listed companies in the military sector, providing a comprehensive reflection of the industry's overall performance [2] Group 3 - Investing in the military ETF allows investors to conveniently access quality targets in the military sector and share in the industry's growth dividends [3] - The military ETF is considered an optimal tool for investors to seize opportunities in the defense and military industry, especially as the fundamentals recover and market demand increases [3]