为何6月以来反复强调军工和科技？

Group 1: Military Industry Insights - The military industry is experiencing accelerated domestic prosperity and an opening international market, with a historical win rate of 70%-80% in July-August over the past decade [1][2] - The current military industry is at a critical juncture with the transition of the "14th Five-Year Plan" and the preparation for the "15th Five-Year Plan," which is expected to release pent-up downstream demand significantly [3][4] - Major events such as military parades serve as important catalysts for the military sector, with historical data showing substantial returns leading up to such events [4] Group 2: Global Military Spending Trends - Global military spending is on the rise, with Japan planning to invest 43 trillion yen (approximately 290 billion USD) from FY2023 to FY2027, marking a 63.5% increase compared to previous years [9] - South Korea's defense budget is set to increase to 80 trillion won (approximately 60 billion USD) by 2028, reflecting a 7% annual growth rate [9] - The European Union is mobilizing 800 billion euros for defense investments, while the U.S. defense budget is projected to exceed 1 trillion USD for the first time in FY2026 [9] Group 3: Technology Sector Analysis - The AI technology sector is currently positioned low in terms of market valuation, with potential for further recovery and expansion [12][18] - The TMT (Technology, Media, and Telecommunications) sector has shown signs of recovery, becoming a prominent market driver [12] - Significant profit upgrades have been observed in various AI sub-sectors, particularly in upstream computing power and downstream applications such as financial technology and drones [18][19]