高端装备ETF（159638）小幅回调，海格通信涨超7%，机构：年内军工行业订单有望迎来拐点

Group 1 - The A-share market opened high on May 21, with coal and power equipment sectors leading the gains, while the defense and military industry experienced a slight pullback [1] - The high-end equipment ETF (159638) saw a net inflow of nearly 7 million yuan on May 20, with a current premium rate of 0.08% [1] - Key stocks in the high-end equipment ETF include major military companies such as AVIC Optoelectronics and AVIC Shenyang Aircraft, indicating a strong focus on the defense sector [1] Group 2 - According to Zhongyou Securities, the military industry is expected to see a turning point in orders by 2025, driven by new technologies and products aimed at enhancing equipment performance or reducing costs [2] - Investment recommendations include focusing on the aerospace sector and new technologies/products that offer greater market flexibility [2] - The military industry is viewed as a crucial area for development, with significant potential for growth in global competitiveness, particularly in shipbuilding, aerospace, and satellite navigation [1][2]