关注军工ETF（512660）投资机会，估值与景气度有望迎来积极变化

Group 1 - The current geopolitical conflicts are intensifying security demands across nations, leading to an upward trend in global military spending and expanding the military trade market [1] - China's domestic substitution capabilities are improving, which is expected to drive a revaluation of the military trade sector [1] - The commercial aerospace sector is experiencing accelerated network deployment, with significant contracts such as the 1.336 billion yuan bid for launch services by Yuanxin Satellite [1] Group 2 - The National Space Administration has issued a notice to strengthen quality supervision and management of commercial aerospace projects, promoting the safe and healthy development of the industry [1] - The military ETF (512660) tracks the CSI Military Industry Index (399967), which selects representative military industry listed companies from the Shanghai and Shenzhen markets, covering sectors like aviation, aerospace, weaponry, and shipbuilding [1] - The index reflects the overall performance of military-related industries in the Chinese A-share market and exhibits significant industry concentration and specific style configuration characteristics [1]