卫星互联网牌照即将发放，军工含量最高的航空航天ETF天弘(159241)飙升上涨2.65%
Sou Hu Cai Jing·2025-08-25 07:46

Core Viewpoint - The aerospace ETF Tianhong (159241) has shown strong performance with a year-to-date growth rate of 106.17%, driven by the recent issuance of satellite internet licenses in China, indicating a significant step towards commercial operations in the satellite internet sector [3][4]. Group 1: ETF Performance - As of August 25, 2025, the aerospace ETF Tianhong (159241) rose by 2.65% with a trading volume of 1.08 billion yuan, indicating active market participation [3]. - The underlying index, the National Certificate Aerospace Industry Index (CN5082), increased by 2.27%, with notable gains from constituent stocks such as Shanghai Hanyun (10.02%) and China Satellite (10.01%) [3]. Group 2: Industry Insights - The issuance of satellite internet licenses marks the beginning of commercial operations in this field, although it may take 2-3 years to achieve service levels comparable to Starlink [3]. - Northeast Securities highlights the long-term growth potential of the defense and military industry, despite recent delays in orders and a decline in industry sentiment due to personnel adjustments [3]. Group 3: ETF Characteristics - The National Certificate Aerospace Index has over 98% weight in the defense and military sector, making it the highest military content index in the market [4][5]. - The index also has the highest drone content in the market, with key players like Aerospace Rainbow and Hongdu Aviation deeply involved in the drone sector [6]. - The index covers the aerospace industry chain comprehensively, with a combined weight of over 69% in aerospace, aviation, and naval equipment [7]. Group 4: Performance Metrics - The National Certificate Aerospace Industry Index has a stronger technological attribute and clearer valuation logic, aligning with the trend of high-end development in the aerospace sector [8]. - Forecasts indicate that the revenue growth rate for the National Certificate Aerospace Industry Index will exceed that of traditional military indices by 2025 [9].