HQTI(SH:688281) 2 1 Shi Ji Jing Ji Bao Dao·2025-07-14 05:45Group 1 - The defense and military concept stocks are showing active performance, with the Aerospace ETF Tianhong (159241) maintaining a slight increase of 0.09% and a turnover rate exceeding 7% [1] - Recent data indicates a continuous inflow of funds into the Aerospace ETF Tianhong (159241), with over 51 million yuan net inflow in four out of the last five trading days, totaling over 140 million yuan in the past ten days [1] - As of July 11, the latest fund share of Aerospace ETF Tianhong (159241) is 342 million shares, with an increase of 152 million shares year-to-date, representing a share change rate of 79.66%, the highest among similar products [1] Group 2 - France announced an increase in military spending by 3.5 billion euros in 2026 and 3 billion euros in 2027, totaling 64 billion euros, which has doubled since 2017, focusing on defense modernization and equipment upgrades [2] - The military industry is identified as a key structural opportunity in the A-share market for Q3, with data indicating a sustained market trend from early July to early August [2] - Q3 is expected to see an increase in catalysts for the military industry, alongside positive earnings expectations for some companies in Q2, leading to emerging structural opportunities [3]