军工ETF（512660）昨日净流入超0.5亿，行业景气度与订单预期受关注

Group 1 - The military industry is at a critical juncture with the transition of the "Five-Year Plan," and significant events like military parades are expected to boost both the industry's fundamentals and market expectations [1] - The global arms race is intensifying, and China's weaponry is demonstrating strong competitiveness, which is likely to expand the market space for China in international military trade [1] - The military sector is expected to see a high win rate in July and August due to accelerated order deliveries in Q2 and the approach of important industry events such as Army Day, military parades, and National Day, which will catalyze policy and order expectations [1] Group 2 - The execution of the "14th Five-Year Plan" is entering a critical phase of capacity integration and delivery, while the preparation for the "15th Five-Year Plan" is advancing, leading to a significant release of previously accumulated downstream demand [1] - A new round of order cycles is anticipated to drive a recovery in the overall industry prosperity [1] - The military ETF tracks the CSI Military Index (399967), which reflects the overall performance of listed companies in the military sector, characterized by high industry concentration and distinct military features [1]