巴黎航展引爆军贸关注，商飞驱动行业增长，军工ETF（512660）强势吸金，当前规模超150亿元位居同类第一

Group 1 - The Paris Air Show showcased over 70 Chinese exhibitors, highlighting the advancements and achievements of China's aerospace industry, with a growing recognition of the comparative advantages of Chinese military trade equipment [1] - The military trade sector is expected to see an increase in global market share, driven by the recent India-Pakistan conflict which has demonstrated the capabilities of domestic weapons [1] - The military industry sector remains active, with the military ETF (512660) experiencing a nearly 1% increase and a net inflow of over 9 billion yuan in the past 10 days, reflecting strong investor interest [1] Group 2 - The military industry is gaining strategic importance amid ongoing international geopolitical conflicts and intensified global military technology competition, with a solid long-term growth outlook [2] - The military sector is expected to maintain an upward trend due to accelerated technological iterations and approaching key strategic milestones, marking a recalibration of market expectations for military enterprises [2] Group 3 - Citic Securities identifies three growth curves in the military sector: domestic demand driven by low-cost precision-guided munitions and unmanned systems, military trade demand catalyzed by the India-Pakistan conflict, and broad military demand encompassing large aircraft, low-altitude economy, commercial aerospace, and deep-sea technology [3] - China's defense budget has maintained a growth rate of around 7%, with defense spending as a percentage of GDP remaining below 1.5%, indicating significant room for future growth [3] - The military ETF (512660) closely tracks the military industry index, reflecting the overall performance of military-related companies, and presents potential investment opportunities for interested investors [3]