Sou Hu Cai Jing·2025-08-06 10:09Core Viewpoint - The aerospace ETF Tianhong (159241) has seen significant growth, with a net value reaching a new high since its launch, driven by strong performance in the military industry sector [1][11]. Group 1: Market Performance - As of August 5, the fund tracking the aerospace index has achieved over 37% growth in the past year and 26% in the last three months, outperforming military-themed indices [1]. - The National Aerospace Index has shown strong performance, with a projected revenue growth rate of 42.73% for 2025, and a past year return of 37.71% [12][13]. Group 2: Industry Catalysts - The upcoming military parade on September 3 is expected to showcase advanced military equipment, acting as a catalyst for the military sector's growth [2]. - The "14th Five-Year Plan" is anticipated to bring clarity to military enterprises' orders and growth trajectories, with a significant focus on equipment development [4]. Group 3: Long-term Growth Potential - The military industry is poised for a growth spurt, driven by increased military trade demand due to geopolitical shifts, particularly in regions like the Middle East and Africa [5]. - The military trade demand is expected to rise, with China positioned to increase its share in global military exports, particularly in aircraft, which currently accounts for 30.65% of its military exports [7][9]. Group 4: Investment Focus - Investors are encouraged to prioritize companies related to air superiority, as aircraft play a crucial role in military strategy and are expected to present structural investment opportunities [8][9]. - The military sector is likely to experience a surge in orders and performance improvements as the "14th Five-Year Plan" concludes and the military's centenary approaches in 2027 [4][5].