China Spacesat(SH:600118) Xin Lang Ji Jin·2025-08-25 06:44Group 1 - The core viewpoint of the news highlights the strong performance of stocks related to low-altitude economy and military aviation, with significant gains observed in companies such as Aerospace Hongtu and China Satellite, which saw increases of 20% and 10% respectively [1] - The General Aviation ETF Huabao (159231) experienced a strong rally, reaching a new high since its listing, with a 1.61% increase during the trading session [1] - The ETF has attracted substantial capital inflow, with over 55 million yuan net inflow in the last three days, indicating growing investor interest in the low-altitude economy sector [1] Group 2 - The General Aviation ETF Huabao covers a wide range of sectors including low-altitude economy, large aircraft, military aircraft, commercial aerospace, satellite navigation, and drones, with over 46% of its holdings in state-owned enterprises [2] - The report from Guotai Junan and Haitong indicates that the low-altitude economy is maturing, with increasing investment value in related industries, particularly for complete machine manufacturers and upstream material suppliers [1][2] - The infrastructure for low-altitude operations is expected to see explosive growth as the industry expands, with operational scenarios gradually being implemented [1]