多重因素催化共振，如何把握军工板块核心投资机遇？

Core Insights - The aerospace industry is gaining significant attention, with the 2025 government work report emphasizing its importance and aiming to transition China from a "major aerospace country" to a "strong aerospace country" [1] - The aerospace sector is experiencing high prosperity, with the Huazhong Guozheng Aerospace Industry ETF closely tracking the Guozheng Aerospace Industry Index, which focuses on high-quality companies in aerospace equipment and military electronics [1][4] Group 1: Industry Trends - Multiple factors are catalyzing growth in the aerospace industry, with 2025 expected to see accelerated order demand as military spending typically peaks in the last years of a five-year plan [2] - The upcoming "15th Five-Year Plan" is crucial for China's defense modernization, with significant emphasis on equipment construction [2] - Ongoing geopolitical conflicts are driving global military spending, which supports the expansion of the military trade market, where China's share is currently only 5.8% [2] Group 2: Technological Developments - The domestically produced C919 aircraft has been successfully delivered, breaking the duopoly of Boeing and Airbus, with 20 units already delivered [3] - The CJ-1000A engine for the C919 has completed key tests and is entering the certification phase, indicating progress in domestic aviation technology [3] Group 3: Economic Impact - The low-altitude economy is recognized as a new growth driver, with its market size reaching 505.95 billion yuan in 2023, reflecting a year-on-year growth of 33.82% [3] - The low-altitude economy is expected to have a strong ripple effect across various sectors, including high-end manufacturing and new materials [3] Group 4: Investment Opportunities - The Guozheng Aerospace Industry Index has a high concentration in the defense sector, with 99.2% of its composition focused on military applications [4] - The index includes companies involved in significant national defense projects, indicating strong investment potential in the aerospace sector [5] - The Huazhong Guozheng Aerospace Industry ETF offers a streamlined investment option for those looking to capitalize on the growth in the aerospace industry [5]