2 1 Shi Ji Jing Ji Bao Dao·2025-06-19 06:42Group 1 - The A-share market experienced a collective pullback on June 19, with the aerospace and defense sector rebounding in the afternoon, as evidenced by the Aerospace ETF (159227) narrowing its decline to 1.25% and achieving a trading volume of 50.62 million yuan, leading its category [1] - The Aerospace ETF tracks the National Aerospace Index and focuses on national defense in aerospace, with a current scale of 230 million yuan, making it the largest in its category [1] - The defense and military industry accounts for over 96% of the Aerospace ETF's holdings, with the core sectors of aerospace and aviation equipment representing 71% of the weight, indicating a deep focus on key areas of the aerospace equipment industry chain [1] Group 2 - Guojin Securities indicates that the aerospace industry is entering a strategic opportunity period, with the 2025 Paris Air Show being a significant catalyst for showcasing advancements in high-end equipment manufacturing materials, aircraft engines, and complete machine manufacturing [2] - Global military spending has significantly increased against the backdrop of geopolitical conflicts, with China's military expenditure growth rebounding since 2022, providing long-term support for the military industry sector [2] - The aerospace engine and complete machine manufacturing sectors are particularly prominent, contributing to the overall recovery of the industry's prosperity [2]