AECC AST(SH:600391) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-30 02:52Group 1 - The A-share market experienced a decline on the last trading day of May, with the military industry sector showing localized gains. The Aerospace ETF Tianhong (159241) slightly fell by 0.2%, with a turnover rate exceeding 8% and a transaction volume surpassing 15 million yuan, indicating active trading [1] - The Aerospace ETF Tianhong (159241) had a strong debut, closing up 2.21% on its first trading day with a transaction volume of 182 million yuan, ranking first among similar products [1] - The Aerospace ETF tracks the Guozheng Aerospace Industry Index (code CN5082), which reflects the overall performance of securities in the aerospace sector, covering core companies in China's military industry, including military, domestic aircraft, aerospace, and low-altitude economy concepts [1] Group 2 - According to industry distribution, as of the latest data, the military industry accounts for 99.1% of the Guozheng Aerospace Index, with the aerospace equipment, military electronics, ground weaponry, and aerospace equipment sectors representing 66.4%, 16.0%, 7.8%, and 6.9% respectively, indicating a high concentration of the top three sectors at 90% [1] - CITIC Construction Investment suggests focusing on three investment lines in the military industry: traditional military sectors with expected order recovery, new domains emphasizing low-cost and intelligent systems, and companies with asset integration expectations in the military trade market [3] - Northeast Securities believes the defense and military sector has long-term growth certainty, with demand recovering and production capacity structure gradually optimizing, indicating a significant improvement potential for the military sector [3]